Lot 082Coin values

1901 Morgan Dollar

Q: How much is a 1901 Morgan Dollar worth?

Lustre's editorial estimate (Oct 2026) is $50–$130 for circulated examples (G-4 to EF-40) and $29,000–$41,000 in MS-65. These are estimates, not an appraisal or market data. A coin in the grade you hold may sell for less at a dealer, who needs a margin.

PHILADELPHIA · 90% SILVER, 10% COPPER · 6,962,000 STRUCK

The answer

Worth about $50⁠–⁠$130 circulated and $29,000⁠–⁠$41,000 in MS-65.

The 1901 Morgan Dollar is a scarcer date from the Philadelphia Mint, with 6,962,000 pieces struck. In circulated grades (G-4 to EF-40) our estimate is $50⁠–⁠$130, and a well-preserved MS-65 example is estimated at $29,000⁠–⁠$41,000.

1901Philadelphia

Catalogue medallion. We do not yet hold a licensed photograph of this exact date and mint, so none is shown rather than one with a different date.

Morgan dollar obverse: Liberty head facing left — Design reference 1878-CC Morgan dollar, National Numismatic Collection. The date on this photograph is not this issue's date. Public domain, credit US Mint (coin), National Numismatic Collection (photograph by Jaclyn Nash), via Wikimedia Commons.

Morgan dollar reverse: eagle with wings spread inside a wreath — Design reference 1878-CC Morgan dollar, National Numismatic Collection. The date on this photograph is not this issue's date. Public domain, credit US Mint (coin), National Numismatic Collection (photograph by Jaclyn Nash), via Wikimedia Commons.

Mint: Philadelphia
Composition: 90% silver, 10% copper
Mintage: 6,962,000
Weight and size: 26.73 g · 38.1 mm
Designer: George T. Morgan

RarityScarce

PlentifulRare

Among the more plentiful: 59% of issues in the series have a smaller mintage. 6,962,000 struck. Mintage is the number struck, not the number that survive.

Grade & value

Circulated$50–$130

Melt, live$46.81

Estimated value by grade for the 1901 Morgan Dollar. Lustre editorial estimate, Oct 2026.
Grade	Estimate
G-4Good	$50–$60
VG-8Very Good	$55–$65
F-12Fine	$60–$75
VF-20Very Fine	$70–$90
EF-40Extremely Fine	$100–$130
AU-50About Uncirculated	$170–$230
AU-58Choice About Uncirculated	$330–$430
MS-60Mint State 60	$770–$1,050
MS-63Choice Mint State	$2,850–$4,150
MS-65Gem Mint State	$29,000–$41,000

Melt value (silver)$46.81

0.7735 troy oz of silver at the spot price. Reference prices, not live

Scan your coin

Estimates. Grade values are Lustre editorial estimate, Oct 2026, based on spot prices near $61 per ounce for silver. They are not market data, an appraisal or an offer. Rows marked at melt follow the metal price.

Value ladder

Varieties to look for

Doubled die reverse

A well-known doubled die reverse. Look for doubling on the eagle's tail and arrows.

Mint mark position

S, O, CC and D sit on the reverse below the wreath. Check the letter against the date: Carson City (CC) coins carry a premium in every grade.

Strike and surface

Look for full hair detail above Liberty's ear and sharp eagle breast feathers. Prooflike (PL) and deep mirror prooflike (DMPL) surfaces carry large premiums in Mint State.

Questions

About the 1901 Morgan

How much is a 1901 Morgan Dollar worth?

Lustre's editorial estimate (Oct 2026) is $50⁠–⁠$130 for circulated examples (G-4 to EF-40) and $29,000⁠–⁠$41,000 in MS-65. These are estimates, not an appraisal or market data. A coin in the grade you hold may sell for less at a dealer, who needs a margin.

Is a 1901 Morgan Dollar silver?

Yes. It is 90% silver, 10% copper and weighs 26.73 g, which is 0.7735 troy ounces of pure silver. Its melt value is that weight multiplied by the current silver spot price, shown live on this page.

How many 1901 Morgan Dollars were minted?

6,962,000 were struck at the Philadelphia Mint.

Where is the mint mark on a Morgan Dollar?

On the reverse, below the wreath and above the letters ONE. Philadelphia coins have no mint mark.

Is my 1901 Morgan Dollar rare?

It is a scarcer date. It is worth more than a common date in better grades.

Neighbouring issues

More Morgan Dollar values

1900-SMorganfrom $50

1901-OMorganfrom $50

1901-SMorganfrom $50

All 96 Morgan Dollar issues

Sources and method

Where these numbers come from

Morgan dollar, Wikipedia: mintage, composition, weight, diameter, edge, designer.

Morgan dollar mintage, Landofcoins.com: mintage by year and mint.

Lustre editorial grade-value estimates, Lustre: grade value ranges (estimates, not market data).

gold-api.com spot prices (reference level for estimates), gold-api.com: reference spot prices behind the estimates.

How the estimates are made. Facts reviewed Oct 2026.

Circulated$50⁠–⁠$130

Scan your coin