Please post new question with more information about the "1" on the reverse.
Specifically where is it located and the size.
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Currently a 1880 S Morgan silver dollar in MS65 uncirculated condition is worth $156.
If you mean a 1880 Carson City Morgan dollar? circulated examples run from $100.00-$300.00
A 1880-S Morgan Silver Dollar that is in a mint state of MS67 is worth: $ 450.00.
1880-series US $2 bills were issued as United States Notes rather than silver certificates. Please see the question "What is the value of an 1880 US 2 dollar bill?" for more information.
Currently as of April 2012 a 1880 Morgan silver dollar in MS63 uncirculated condition is worth around 63 dollars.