1901-O Morgan Silver Dollar Value Guide

The 1901-O Morgan Silver Dollar is a significant piece of American numismatic history, representing one of the final years of production at the historic New Orleans Mint. Designed by George T. Morgan, this coin is highly collectible due to its 90% silver composition and its connection to the post-1873 silver standard era.

What affects the value of 1901-O Morgan Silver Dollar?

• The presence of the 'O' mint mark specifically identifies it as a New Orleans strike, influencing its $30-$33 base value.
• Overall surface preservation, including the level of wear on Liberty's hair and the eagle's breast feathers.
• The current market spot price of silver, as each coin contains approximately 0.7734 troy ounces of pure silver.
• Luster and eye appeal, with uncirculated examples fetching significantly higher premiums than the standard circulated price.

How to Identify 1901-O Morgan Silver Dollar?

• Locate the 'O' mint mark on the reverse side, positioned just above the 'DOLLAR' lettering and below the wreath.
• Verify the 90% silver and 10% copper composition, which should result in a distinct metallic ring when handled.
• Check for the designer's initial 'M' at the base of Liberty's neck on the obverse and on the left loop of the ribbon on the reverse.
• Confirm the date '1901' is clearly struck on the obverse below the profile of Lady Liberty.

History of 1901-O Morgan Silver Dollar

Designed by George T. Morgan, the Morgan Silver Dollar was minted from 1878 to 1904, and again in 1921. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873. This specific coin bears the 'O' mint mark for the New Orleans Mint, which closed in 1909.