1901 Morgan Dollar Value
The 1901 Morgan Dollar carries a current retail range of about $29.00 to $282 across circulated and Mint State grades; the melt floor under every example is $28.23 (spot prices as of 2026-06-01) Certified examples in top grades can run far higher.
Public domain image (struck or printed before 1926). Click to enlarge.
1901 Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $29.00 to $38.00 |
| Very Good (VG-8) | $29.00 to $39.50 |
| Fine (F-12) | $29.00 to $41.50 |
| Very Fine (VF-20) | $30.50 to $45.00 |
| Extremely Fine (XF-40) | $35.00 to $51.00 |
| About Uncirculated (AU-50) | $42.00 to $62.00 |
| Mint State (MS-60) | $53.00 to $77.50 |
| Choice Unc (MS-63) | $72.00 to $106 |
| Gem Unc (MS-65) | $192 to $282 |
Estimated retail range, updated 2026-06-15. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
Current 1901 Morgan Dollar value
In worn but collectible condition (Good-4), a 1901 Morgan Dollar starts around $29.00. From there, value climbs with every grade step: a gem Mint State example (MS-65) can reach $282. Most coins found in old collections fall somewhere between Very Fine and About Uncirculated, the middle rows of the table above.
1901 Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1901
- Mint mark
- None (Philadelphia)
- Mintage
- 6,962,000
- Composition
- 90% silver, 10% copper
- Weight
- 26.73 g
- Diameter
- 38.1 mm
- Edge
- Reeded
- Designer
- George T. Morgan
- Silver content
- 0.77344 troy oz
Mintage figure: US Mint reports (approximate).
Reading a coin with no mint mark
The 1901 Morgan Dollar was struck at the Philadelphia Mint, which used no mint mark in this era. If you find no letter where branch-mint coins carry one (On the reverse, just below the wreath bow and above the letters DO in DOLLAR), you are holding a Philadelphia issue.
Why the 1901 Morgan Dollar is worth money
A large mintage of 6,962,000 means this issue is common in circulated grades. The interesting money starts in Mint State, where quality, not quantity, sets the price.
The 90% silver composition gives a 1901 Morgan Dollar 0.7734 oz of precious metal ($28.23 at current spot). Bullion demand alone supports the bottom of its price range.
There is history in a 1901 Morgan Dollar as well. The Pittman Act of 1918 melted over 270 million pieces, reshaping the rarity of several dates overnight. That backdrop keeps the series among the most actively collected in American numismatics.
1901 Morgan Dollar inscriptions & design
Obverse
******* E.PLURIBUS.UNUM ****** 1901
Liberty, head l.
Reverse
UNITED STATES OF AMERICA/* ONE DOLLAR *
eagle standing. on arrows and laurel sprig., within wreath. motto above
Measured 1901 Morgan Dollar specimens
6 physically measured 1901 Morgan Dollar examples in our reference database. Real measured weights and die axes let you authenticate a coin against the 26.73 g, 38.1 mm minting standard.
| Specimen | Weight | Diameter | Die axis | References |
|---|---|---|---|---|
| 1901 Morgan Dollar #1 | 26.77 g | 37.9 mm | - | KM.110 |
| 1901 Morgan Dollar #2 | - | - | - | Breen.5679 |
| 1901 Morgan Dollar #3 | - | - | - | Breen.5684 |
| 1901 Morgan Dollar #4 | - | - | - | Breen.5685 |
| 1901 Morgan Dollar #5 | - | - | - | Breen.5679 |
| 1901 Morgan Dollar #6 | 26.73 g | - | 6 h | Breen.5682 |
Specifications compiled from documented museum specimens. See our data & methodology page.
Summary: the 1901 Morgan Dollar is valued between $29.00 and $282 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.