1894 (O) Morgan Dollar
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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
$79,313 MS65+ 10-15-2015 Legend Rare Coin Auctions
Description
The 1894 (O) Morgan Dollar is a dollar produced at the New Orleans Mint as part of the Morgan Dollars 1878-1921 series. With a mintage of 1.7 million, this is a scarce issue — the highest mintage among 3 variants, accounting for 56% of the year's 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 New Orleans Mint, which operated from 1838 to 1909 and produced coins prized for their historical Southern provenance. Estimated market value ranges from $105 to $51K 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 #7230.
External References
Error Varieties(18)
1894-O VAM-1
1894-O VAM-1A
1894-O VAM-2
1894-O VAM-3
1894-O VAM-4
1894-O VAM-5
1894-O VAM-6
1894-O VAM-6A
1894-O VAM-7
1894-O VAM-8
1894-O VAM-9
1894-O VAM-10
1894-O VAM-11
1894-O VAM-11A
1894-O VAM-12
1894-O VAM-13
1894-O VNA-A
