Minted in San Francisco, the 1881-S Morgan Silver Dollar had a circulation strike of 12,760,000.  The mint mark is a small "S" (for San Francisco) and is located beneath the bow on the reverse side.

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1881 S MORGAN DOLLAR CHOICE SPECIMAN FREE SHIPPING    US $67.95

1881 S Morgan Silver Dollar BU Mint State Uncirculated PQ Stunner MS US Coin    US $65.00

BEAUTIFUL MS68 PCGS 1881 S Morgan Dollar Rainbow Rim Target Toning    US $6,300.00

1881 S VAM 25 MORGAN SILVER DOLLAR ANAC CERTIFIED MS 64    US $125.00

$1 1881 S Morgan Silver Dollar NGC MS 66    US $425.00

1881 S Morgan Silver Dollar NGC MS66 Beautiful Toned    US $439.00

1881 S Morgan Silver Dollar PCGS MS66 Beautiful Coin Pretty Toning    US $549.00

1881 S San Francisco Morgan Silver Dollar $1 Uncirculated Genuine Nice Coin    US $54.95

1881 S Silver Morgan Dollar Coin    US $38.03

1881 S Morgan dollar from a Choice Gem BU roll    US $38.77

1881 S $1 Morgan NGC MS 66    US $475.00

1881 s PCGS MS65 VAM 54 WoundedEagle HL40 Morgan B112    US $1,760.00

1881 S Morgan Dollar ANACS MS63 attractive toning    US $75.00

Lot of 4 1881 S Morgan Silver Dollars ALL ANACS MS 64    US $440.00

1881 S Morgan Silver Dollar ANACS MS 63 Rainbow Toned    US $165.00

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