Depends on the grade really. Can you post a picture of it? At minimum the silver is worth $23.59 or so at today's silver spot price. These are 90% silver.
Well, you could staple it into a 2x2 and list it on eBay for a ridiculous amount: http://www.ebay.com/itm/1901-Morgan...10?pt=Coins_US_Individual&hash=item415d8ba332
Still hard to tell from the pictures for a look at more details but I'd say Fine to Very Fine, possibly cleaned. A VF 1901 could fetch upwards of $50 on a good day. But you were mistaken, that has an O mint mark, above the DO in DOLLAR on the reverse is the mint mark. Since that's the case and it's not a P minted Morgan, the value is less at VF condition, say a couple bucks over silver spot price, maybe $25-$28 if in VF condition. Your best bet with this coin is, it's a common with little demand that's worth about $25 to most collectors likely in the condition it's in.
I'm gonna send the seller a note saying that gouge on her lower cheek knocks about $28475.00 off their wanted price.
Worth melt value, nothing rare about it and it's not the DDR 1901 out of Philadelphia that year. $23.68.
Even though 1901 is a common mintage, they are ultra rare in higher grades, sometimes reaching six figures in value. And BTW, those Ebay listings for high grade coins like that are really annoying. I mean, who put a coin in a $.03 holder, and tries to sell it for 30K?
Well, that could be said about every common coin that was heavily circulated and not hoarded or held onto. Unfortunately, this 1901 O is not a high grade and it's worth melt value for the most part. Although I did spot a 1901 O Morgan on eBay the other day in worst condition than this one the OP has, sold for around $35.
Yes...but the 1901 Morgan is extra special in this respect. In higher grades...the value soars to almost unbelievable numbers because so few survived. Most coins with a mintage of 7 million have some remaining MS coins, but for some reason the 1901 Morgan does not. However, as you said...this is not a 1901 Morgan but a 1901-O. Also, for the OP. This coin does have a mint mark. It is located on the reverse just below the bow on the wreath. This coin has an "O" mint mark for New Orleans.
True, every coin is different with the amount minted, the amount in MS grades, etc. But I was just generalizing the previous statement for the most part.
ok I have a 1901 p Morgan dollar and I took it to a coin place and they offer me less than melt value. why would the coin place low ball me so bad? should I just send it in to get graded myself? I'm not sure what to do with it, to sell it.
allij83, if the coin is only worth the melt value and you want the coin place to buy it, how much do you expect them to pay? If they pay you full value, they can't make a profit. It's typical that places will offer less than melt value, because melt value is what the coins will eventually sell for.
