1894 Morgan Dollar
Strike Type
Coin Details
Value Estimates
Values as of May 2026 — estimates reflect typical grades (G-4 through MS-63). Coins in lower or exceptional grades may fall outside this range.
Auction Record
$152,750 MS66+ 10-15-2015 Legend Rare Coin Auctions
Description
The 1894 Morgan Dollar is a dollar produced at the Philadelphia Mint as part of the Morgan Dollars 1878-1921 series. With a mintage of 110,000, this is an extremely rare issue — the lowest mintage among 3 mint variants, representing only 4% of total production. The obverse features Liberty facing left wearing a Phrygian cap adorned with wheat and cotton, encircled by stars and the reverse displays an eagle with outstretched wings clutching an olive branch and arrows, surrounded by a wreath. Struck during the Gilded Age of rapid industrialization and the great silver debates, when monetary policy shaped elections and economic destiny. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value ranges from $909 to $6.4K depending on grade and condition. Struck in 90% silver, 10% copper, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #7228.
