In very lightly circulated condition, it's worth about $15.00
The "O" on the back designates it as having been minted at the New Orleans branch mint (no longer in use). There were over 5 million of them minted there that year.
The 1881-O Morgan Dollar is common, average retail value is $25.00-$35.00 for a example in circulated condition
The 1881-O (New Orleans) Morgan is common, retail values are $17.00-$26.00 for circulated examples.
Under the DO in DOLLAR it could either be blank or their could be a O, S, or, CC.
The Denver Mint didn't begin production until 1906, and the Dahlonega Mint closed in 1861. On an 1881 silver dollar, it's probably an O for New Orleans, not a D.
Retail is $15-17 in average condition.
The 1881-O Morgan Dollar is common, average retail value is $25.00-$35.00 for a example in circulated condition
The 1881-O (New Orleans) Morgan is common, retail values are $17.00-$26.00 for circulated examples.
Average market value is $170.00 for a certified MS-64 example.
The 1881-O Morgan is a common coin, circulated coins have retail values of $17.00-$26.00 depending on grade. Mint State coins in the grade range of MS-60 to MS-63 have retail value of $30.00-$53.00
Numismedia shows an 1881-O deep mirror proof-like Morgan retailing for about $88.
Under the DO in DOLLAR it could either be blank or their could be a O, S, or, CC.
The Denver Mint didn't begin production until 1906, and the Dahlonega Mint closed in 1861. On an 1881 silver dollar, it's probably an O for New Orleans, not a D.
Assuming the coin is circulated, the 1881-O Morgan is a common New Orleans Mint coin. Most coins have seen heavy use and show a lot of wear. Retail values are $37.00-$41.00
Retail values run from $15.00 to $35.00 in circulated condition with uncirculated coins in the $40.00 to $60.00 range.
In condition order: 25,35,115,750
In condition order: 25,35,115,750
The O means it was struck in New Orleans, value runs from $20.00 to $30.00 in circulated condition.