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Normally called a Morgan dollar after its designer George Morgan, this coin was struck at 4 different mints. Look on the back of the coin to see if there's a small mint mark letter above the DO in DOLLAR. It may be blank or there may be a CC, O or S. (The M on the front of the coin is the designer's monogram and not a mint mark.)

Numismedia lists the following approximate retail values as of 04/2011:

No mint mark (Philadelphia):

Very worn condition - $32

Moderately worn - $33

Slightly worn - $34

Almost no wear - $36

Uncirculated - $42 to $17,190 depending on quality

"CC" mint mark (Carson City):

Very worn - $230

Moderately worn - $360

Slightly worn - $380

Almost no wear - $431

Uncirculated - $490 to $33,130

"O" mint mark (New Orleans):

Very worn - $32

Moderately worn - $33

Slightly worn - $34

Almost no wear - $36

Uncirculated - $43 to $18,440

"S" mint mark (San Francisco):

Very worn - $32

Moderately worn - $33

Slightly worn - $34

Almost no wear - $36

Uncirculated - $42 to $41,880

DISCLAIMER: The retail values quoted are the best available as of the date shown, but may vary significantly due to changes in the precious metals market. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.

"E Pluribus Unum"All Morgan and Peace dollars carry that motto as do most other U.S. coins so that's not a distinguishing piece of information.

The value of a 1881 coin depends on where it was minted and also the condition. There was only 770 (approx) made, well circulated can fetch as high as 50 while uncirculated (good condition) can be worth more...again this all depends on the mint and condition, and of course finding the right person to buy it!

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