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, struck at the Philadelphia Mint, is part of the Morgan Dollars 1878-1921 collection. 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. The Philadelphia Mint, America's oldest coin-making facility, has struck coins continuously 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.
External References
Error Varieties(4)
1894 Doubled Die Reverse WDDR-001
1894-P VAM-1
1894-P VAM-2
1894-P VAM-3
Other Strike Types in This Series
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