If someone was putting together a low grade set of Morgan dollars they would probably want this coin. I grade it at AG-3. Otherwise it is a common date and mint and is worth melt value.
1881-O is a common issue with over 5.7 million minted. In that condition, it is mainly worth silver value. If it had a CC mintmark instead of an O, you would have a coin worth about $150.
this one looks like someone has damaged the coin also by putting what looks like a D on Liberties cheek. Some people pay a small premium for coins in very low grades but they usually want undamaged coins. I hate to hear its going to be melted because just think of what that thing was used for in its long time that it circulated
Thanks guys I will keep it for a filler seeing that I have had it for the last thirty years. Its part of a mixed lot,including the 1884 dollar which I'm posting now
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