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Like other non-CC GSA Morgan dollars, the 1881-S GSA Morgan dollar is rare and very much in demand, thanks to a large number of collectors who pursue these particular coins. Known in both hard packs and soft packs, the 1881-S Morgan dollars on the market are relatively small in number and command substantial premiums over non-GSA examples either raw or certified. PLs and DMPLs are challenging to locate.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Catalog Information
GSID:
76514
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1881
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Variety:
GSA Hoard
Coin Date:
1881-S
Denomination:
$1
Designation:
MS
Mint Location:
San Francisco
Mint Mark:
S
Mintage:
12,760,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
521814
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Coin Value History
1881-S $1 GSA Hoard MS
Value By Grade
1881-S $1 GSA Hoard MS
CPG (retail) values
Currency
Grade Range
Grading Authority
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Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| OGP* | - | $390.00 | $1,234 |
| MS67 |
|
$4,500 | $1,234 |
| MS67 | - | $1,234 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
Morgan $1 Pre-1921 MS [Type]
![Morgan $1 Pre-1921 MS [Type]](https://images.greysheet.com/ProductImages/DLRC/194xxx/a15b3867-56c4-4feb-9ccd-68ae7da30226.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $50 – $80,000
Morgan $1 Pre-1921 MS PL [Type]
![Morgan $1 Pre-1921 MS PL [Type]](https://images.greysheet.com/ctc/catalog/90o-pl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $68 – $7,800
Morgan $1 Pre-1921 MS DMPL [Type]
![Morgan $1 Pre-1921 MS DMPL [Type]](https://images.greysheet.com/ctc/catalog/84cc-dmpl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $74 – $60,000
Morgan $1 Carson City Mint MS [Type]
![Morgan $1 Carson City Mint MS [Type]](https://images.greysheet.com/ProductImages/DLRC/416xxx/e90065e0-537f-4db8-b2b8-efacd6817cff.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $145 – $50,000
Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]
![Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]](https://images.greysheet.com/Ctc/CatalogEntry/ha_com_1314_4280-3.20200626010427369.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $320 – $5,400
1878 8TF $1 MS
Worth: $55 – $120,000
1878 8TF $1 MS PL
Worth: $200 – $7,800
1878 8TF $1 MS DMPL
Worth: $575 – $27,000
1878 7TF $1 Reverse of 1878 MS
Worth: $50 – $3,200
1878 7TF $1 Reverse of 1878 MS PL
Worth: $78 – $6,600
1878 7TF $1 Reverse of 1878 MS DMPL
Worth: $240 – $42,000
1878 7/8TF $1 Strong MS
Worth: $54 – $26,400
1878 7/8TF $1 Strong MS PL
Worth: $200 – $9,900
1878 7/8TF $1 Strong MS DMPL
Worth: $425 – $30,000
1878 7/8TF $1 Weak MS
Worth: $50 – $3,200
1881-S GSA Morgan Silver Dollar. MS-64 (NGC).
$504
1881-S $1 GSA Soft Pack MS62 NGC. NGC Census: (11/161). Mintage 12,760,000....
$240
1881-S $1 GSA MS65 NGC. CAC. NGC Census: (32/26). PCGS Population: (0/2). CDN: $800 Whsle. Bid for NGC/PCGS MS65. Mintage 1...
$900
1881-S $1 GSA Soft Pack, MS61 NGC. Blue Envelope Included. NGC Census: (3/164). PCGS Population: (2/10). CDN: $300 Whsle. ...
$192
1881-S $1 GSA MS66 NGC. NGC Census: (24/2). PCGS Population: (2/0). MS66. Mintage 12,760,000. ...
$1,680
1881-S GSA Morgan Silver Dollar. Mint State (Uncertified).
$360
1881-S $1 GSA MS63 PCGS. PCGS Population: (1/4). NGC Census: (28/99). MS63. Mintage 12,760,000. ...
$288
1881-S $1 GSA HOARD VF35 NGC. NGC Census: (0/0). PCGS Population (0/0). ...
$70
1881-S $1 GSA MS64 NGC. NGC Census: (44/43). PCGS Population: (2/2). MS64. Mintage 12,760,000. ...
$360
1881-S $1 GSA MS62 NGC. Includes GSA box. NGC Census: (11/152). PCGS Population: (1/9). CDN: $300 Whsle. Bid for NGC/PCGS M...
$504
1881-S $1 GSA Hoard MS65 NGC. NGC Census: (32/26). PCGS Population: (0/2). CDN: $800 Whsle. Bid for NGC/PCGS MS65. Mintage ...
$750
1881-S $1 GSA Soft Pack MS61 NGC. NGC Census: (2/136). PCGS Population: (1/5). MS61. Mintage 12,760,000....
$156
1881-S $1 GSA MS66 NGC. Includes Original Box and COA. NGC Census: (20/2). PCGS Population: (2/0). MS66. Mintage 12,760,000...
$1,140
1881-S $1 GSA HOARD MS63 NGC. NGC Census: (13/67). PCGS Population (0/0)....
$588
1881-S $1 GSA MS64+ NGC. GSA Soft Pack. NGC Census: (38/42). PCGS Population (1/1). Mintage: 12,760,000. ...
$617
1881-S $1 GSA MS62 NGC. NGC Census: (9/127). PCGS Population: (0/5). MS62. Mintage 12,760,000. ...
$222
1881-S $1 GSA MS65 NGC. Includes Original Box and COA. NGC Census: (30/21). PCGS Population: (0/2). MS65. Mintage 12,760,00...
$750
1881-S $1 GSA MS66 NGC. Includes Original Box and COA. NGC Census: (19/2). PCGS Population: (2/0). MS66. Mintage 12,760,000...
$1,320
1881-S $1 GSA HOARD MS63 NGC. NGC Census: (11/64). PCGS Population (0/0). ...
$435
1881-S $1 GSA HOARD, Soft Pack MS64 NGC. Original GSA envelope included. NGC Census: (0/0). PCGS Population (0/0)....
$646
Greysheet News
1893-S Morgan Dollar Realizes $1,181,250 at GreatCollections
9/4/2026
Whitman Publications Win Three 2026 NLG Awards
Whitman Brands walked away with a trio of honors during the annual Numismatic Literary Guild awards, held during the American Numismatic Association World's Fair of Money in Pittsburgh.
8/31/2026
Stack's Bowers Galleries to Present Over 600 Impressive Numismatic Rarities in the Summer 2026 Global Showcase Rarities Night Session
Rarities across the spectrum of American coinage are set to cross the auction block.
8/21/2026
Events
Heritage Auctions: US Coins Tuesday & Wednesday Select Auction
Location: Heritage Auctions
Wednesday, July 1, 2026
Heritage Auctions: World & Ancient Coins Wednesday & Thursday Select Auction
Location: Heritage Auctions
Thursday, July 2, 2026
