1894 Morgan Dollar
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About This Coin
The 1894 Morgan Dollar is a United States dollar from the Morgan Dollars 1878-1921 series — 17th of 28 years in the series. In 1894, coins were struck at the New Orleans, Philadelphia, and San Francisco Mints with a combined mintage of 3.1 million. This ranks 3rd of 28 years by total mintage, below the series median of 28.3 million. 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. Weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Collectors have cataloged 37 known die varieties for this date across 2 categories, including doubled die reverse, vam variety. Struck one year before the 1895 key date, the lowest-mintage regular issue in the series. Across its variants, estimated values range from $105 to $51K depending on mint mark, grade, and strike type. A notable auction result reached $153K in MS66+ grade at Legend Rare Coin Auctions. Designed by George T. Morgan.
Value Estimates
Values as of May 2026 — range across all strike types, reflecting typical grades (G-4 through MS-63). Coins in lower or exceptional grades may fall outside this range.
