7-4-11>>> Assuming the coin is circulated and has no mintmark, the 1881 Morgan is a common date. For an accurate assessment of value the coin needs to be seen and graded. Most coins have seen heavy use and show a lot of wear. In general retail values for circulated grade coins are $36.00-$41.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched or have been cleaned have far less value if any to a collector or dealer.
Retail values for a circulated 1899 Philadelphia issue Morgan are $105.00-$250.00 depending on grade.
Morgan dollars are silver, not gold.
The Morgan Silver Dollar can range from $25 to $70, and the Peace Silver Dollar from $50 to $300.
Morgan silver dollars were not minted until 1878.
The 1883 Morgan dollar is common with retail values for circulated coins at $18.00-$30.00 and uncirculated coins at $40.00-$60.00
Retail values for a circulated 1899 Philadelphia issue Morgan are $105.00-$250.00 depending on grade.
Morgan dollars are silver, not gold.
The Morgan Silver Dollar can range from $25 to $70, and the Peace Silver Dollar from $50 to $300.
Morgan silver dollars were not minted until 1878.
The only value is if there is silver in it, if not no collection value at all.
The value of 1889 Morgan silver dollar replica ranges from $23.01 to $26.76
The 1883 Morgan dollar is common with retail values for circulated coins at $18.00-$30.00 and uncirculated coins at $40.00-$60.00
Is it a Morgan Silver dollar? Try Aboutdot.coins
The value for an 1879P morgan silver dollar, uncirculated, is about $45 (Red Book) price. If you have any Morgan's that have mintmark, CC, Carson City, the value goes up.
Assuming the coin is circulated, retail values run from $23.00 to $35.00. The Philadelphia issue 1888 Morgan is very common.
A circulated 1878 Morgan silver dollar can be worth 32 to 156 dollars.
Please check your coin again. 1921-dated Peace dollars were only struck at Philadelphia. If your coin has a "D" above the "DO" in "DOLLAR" and the eagle's wings are outstretched, you have a Morgan dollar rather than a Peace dollar. There's more information at the question "What is the value of a 1921 Morgan silver dollar?"