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Assuming the coin is circulated and has no mintmark, the 1881 Morgan dollar is a common date of the series. For an accurate assessment of value the coin needs to be seen and graded. Most coins of this type have seen heavy use and show a lot of wear. In general retail values for low grade coins are $17.00-$19.00, better grade are $20.00-$21.00 and coins showing almost no wear run from $22.00-$26.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched or have been cleaned have far less value if any to a collector or dealer

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