Assuming the coin is circulated, the 1881 Morgan is a common coin. Most coins have seen heavy use and show a lot of wear. Retail values are $37.00-$41.00.
There were 12,760,000 1881-S Morgan dollars minted.
You can go to Google images (images.Google.com) and search for: 1881 Morgan
Numismedia shows an 1881-O deep mirror proof-like Morgan retailing for about $88.
6-26-11>>> The 1881-S Morgan is very common, circulated coins are $36.00-$40.00.
Assuming the coin is circulated and has no mintmark's, retail values are $29.00-$42.00 depending on the actual grade of the coin. The 1881 Morgan dollar is a very common coin.
The 1881-O (New Orleans) Morgan is common, retail values are $17.00-$26.00 for circulated examples.
1881 is a common date Morgan, retail values are $23.00-$31.00 for circulated coins. Uncirculated start at $35.00
The 1881-S Morgan dollar is a very common coin. Assuming it's circulated and in collectible condition, values are $30.00-$39.00 depending on the grade of the coin.
The 1881-S Morgan is very common, circulated coins are $17.00-$26.00.
1881 is a common date Morgan dollar, retail values for circulated examples are $17.00-$26.00 depending on grade.
1881 is a common date Morgan dollar, retail values for circulated examples are $17.00-$26.00 depending on grade
$15.00 to $20.00 in circulated condition