Whitman Expo
An Excessively Rare 1893-S in Gem Mint State PCGS MS-65 CAC
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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: $43 – $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: $60 – $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: $66 – $42,000
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: $125 – $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: $325 – $5,400
1878 8TF $1 MS
Worth: $48 – $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: $43 – $3,200
1878 7TF $1 Reverse of 1878 MS PL
Worth: $70 – $6,600
1878 7TF $1 Reverse of 1878 MS DMPL
Worth: $240 – $42,000
1878 7/8TF $1 Strong MS
Worth: $47 – $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: $43 – $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
The King of Morgan Dollars Comes to GreatCollections
7/30/2026
Distinctive Morgan Dollars Lead Heritage's July Attractively Toned U.S. Coins Showcase Auction
Demand for eye-appealing and premium quality coins pushes Heritage Auctions' July 20 event over $237,000.
7/27/2026
1888 Proof Double Eagle Leads Heritage's Summer FUN U.S. Coins Auction to $12.4 Million
1861-S Paquet Double Eagle, rare 1930-S Indian Eagle and early U.S. gold also rank among July 16-18 event highlights.
7/24/2026
Events
Heritage Auctions: US Currency Tuesday Select Auction
Location: Heritage Auctions
Tuesday, June 2, 2026
Heritage Auctions: World Paper Money Tuesday Select Auction
Location: Heritage Auctions
Tuesday, June 2, 2026
Heritage Auctions: US Coins Tuesday & Wednesday Select Auction
Location: Heritage Auctions
Wednesday, June 3, 2026