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There is of course not really a "P" mint mark on coins minted in the 19th century, so I'm assuming you are using that letter to indicate that it's from Philly and not a branch mint.

As of 09/2008 a Philadelphia-issue 1881 Morgan would retail for $16-20 depending on how worn it is.

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15y ago
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13y ago

An 1880 Morgan with no mintmark is common. Circulated examples are $30.00-$37.00. Mint State coins are $40.00-$50.00

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Q: What is the price of a 1881 p Morgan silver?
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