Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: Philadelphia
Mintage: 110,972
Catalog: KM-110
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $12.61 (4/19/2015)
Diameter: 38.1mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1894 S$1 MS obverse 1894 S$1 MS reverse


  
Expand All    Collapse All

VarietyPlus®

There are no varieties for this coin.

Description & Analysis

The Morgan dollar's creation in the Bland-Allison Act of 1878 was the result of silver-subsidy politics, and the same politics brought about the denomination's eventual demise. The Act of July 14, 1890, better known as the Sherman Silver Purchase Act, updated the original Bland-Allison Act by providing for an even greater level of silver subsidy purchase by the U.S. Treasury, and further specified the issuance of Treasury notes. One sentence in Section 2 of the Sherman Silver Purchase Act nearly collapsed the U.S. government's financial position in 1893:

{blockquote}'That upon demand of the holder of any of the Treasury notes herein provided for the Secretary of the Treasury shall, under such regulations as he may prescribe, redeem such notes in gold or silver coin, at his discretion, it being the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such a ratio as may be provided by law.'{/blockquote}

Note holders, disagreeing with the government's ratio, virtually drained the nation of its gold reserves in conjunction with the Panic of 1893, and among other government action, the silver purchase and coining provisions of the Sherman Act were repealed. Without that legal support, strikings of silver dollars plummeted, down to just 110,000 business strikes for the 1894 Philadelphia issue. That date, while desirable, is not properly termed a condition rarity until the MS65 level, once there, though, it is among the most coveted coins in the entire Morgan dollar series.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation

 
NGC PRICE GUIDE
NGC CENSUS*
AUCTION PRICES REALIZED
NGC REGISTRY
SCORE

Select Grade

*To view the Census details for this coin, please sign in or sign up.

Price Guide

Last Updated: 4/17/2015

Click on a price to see historical prices, comparison charts and trends.

1894 S$1 MS
  GVGFVFXF5053555861626364656667686970
Base $ 850 1150 1225 1275 1375 1700 1900 2075 2650 4300 4750 6300 12000 39000 70000 125000 - - -
$ 1550 - - 2250 3200 - 5000 7000 16900 49000 - - -
1894 S$1 MS Prooflike
  GVGFVFXF5053555861626364656667686970
Base $ - - - - - - - - 4000 - - - - - - - - - -
$ - - - - - - - - - - - - -
1894 S$1 MS Deep Prooflike
  GVGFVFXF5053555861626364656667686970
Base $ - - - - - - - - - - 25000 - 87500 - - - - - -
$ - - - - - - - - - - - - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 3458
Low Grade: PrAg
Average Grade: 53
High Grade: 65


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
4/26/2015 XF 45   Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(5), 1219/Lot# 5767
4/26/2015 VF Details  Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(7), 1219/Lot# 8263
4/26/2015 MS 62   Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(5), 1219/Lot# 5773
4/26/2015 F Details  Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(7), 1219/Lot# 8262
4/26/2015 AU 55   Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(5), 1219/Lot# 5770
4/26/2015 AU Details  Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(5), 1219/Lot# 5768


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
7/6/2005 PCGS AU 50   Teletrade Auction 2062, 2062/Lot# 1911 $2,860.00
8/2/2007 NGC AU 58   David Lawrence Rare Coins Thursday Rocket Sale - Internet Auction # 166, 171/Lot# 5138 $2,875.00
1/31/2010 NGC AU 55   Goldberg January 31 - February 3, 2010 Pre-Long Beach Coin and Currency Auction, 57/Lot# 1365 $1,440.00
9/7/2011 NGC Details XF Details  Heritage Auctions 2011 September Long Beach Signature US Coin Auction Session(2), 1159/Lot# 3726 $977.50
11/20/2011 NGC AU 55   GreatCollections GreatCollections Coin Auctions 11/20/2011, 145/Lot# 24211 $1,581.80
1/9/2013 PCGS VF 25   Heritage Auctions 2013 January 9-13 US Coin FUN Signature Auction - Orlando Session(8), 1181/Lot# 12135 $1,175.00
2/6/2015 NGC XF 45   Stack's Bowers 2015 Americana Auction, 6070/Lot# 2370 $881.25


NGC Registry

NGC Registry Score 1894 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base145015371762188619362102219722812388248328393264348236284073514595751119712178131121474020486
147916121803190219912133222523162419260129803336353037764430662110115115241248913654166550
00000022252316241926012980333635303776443066211011511524124891365400
00000022532352245127203122340935793924478780981065611851128001419700
1894 S$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base1531162218571985203822102308239625062604347037003942378842495354990412178139141953760429107363
156117001899200220952242233724322538289235463780394239414617687010662127561578833167760730
00000023372432253828923546378039423941461768701066212756157883316700
00000023662469257131813623386139424095498583871142013335176624679800
1894 S$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base164717421989212421792360246425552671277431603620385674318591110161225413914195372669082580134561
1678182420342142223923942494259327052902331336985047781793991142812807157882192145320999070
000000249425932705290233133698504778179399114281280715788219214532000
0000002524263227393031346637776239820410207118411336017662243056395000
Registry Image Gallery
Grade: MS 63
Points: 4073
Owner: Davis Creek Trust
 
Grade: MS 63
Points: 4073
Owner: GauchoDave
 
View the Registry Image Gallery

Related Articles

Counterfeit Detection: How to Know Your 1894 Morgan Dollar Is Real

9/20/2010  — A useful diagnostic on this semi-key date is the ultimate tool of the authenticator.
View full article >


NGC Auction Central Disclaimer