Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: Philadelphia
Mintage: 110,000
Obverse Designer: George T. Morgan
Reverse Designer: George T. Morgan
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $13.58 (9/15/2019)
Diameter: 38.1mm
Edge: Reeded
Link to this coin

1894 $1 MS obverse 1894 $1 MS reverse
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Description & Analysis

After the Panic of 1893, the U.S. government repealed the portion of the Sherman Act which called for the Treasury to make large silver purchases and to coin them into silver dollars. Due to this, the mintage of silver dollars at the Philadelphia Mint plummeted in 1894 to only 110,000 pieces (down from over 1.8 million a year before.) This made the 1894 an instant rarity and a key date today. However, it is still generally available in most grades, but it becomes extremely rare in gem.

GRADE SUMMARY

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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.

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Price Guide

Last Updated: 7/30/2019

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

1894 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 780 895 950 1000 1100 1250 1500 1700 2300 3200 3450 4000 5000 9000 37500 91000 - - - -
$ - - - 1900 3200 - - 4500 6500 16000 45000 - - -
1894 $1 MS Prooflike
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - 2500 3000 3200 4200 5000 6000 - - - - - - - -
1894 $1 MS Deep Prooflike
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - 10000 - - 71000 - - - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 3968
Low Grade: PrAg
Average Grade: 50
High Grade: 65

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series.
NGC CENSUS DETAIL Last Updated: 9/10/2019 1894 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base34180144166484246370171269398513632822772251225-----3949
---------------1------1
----------1-1167------16
-----------------------
Total34180144166484246370171269398514632832782311305-----3966
 1 %5 %4 %4 %12 %6 %9 %4 %7 %10 %13 %2 %7 %7 %6 %3 %0 %----- 
1894 $1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------1128113--------17
-----------------------
-----------------------
-----------------------
Total-------1128113--------17
 -------6 %6 %12 %47 %6 %6 %18 %-------- 
1894 $1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------1--1------2
-----------------------
-----------------------
-----------------------
Total------------1--1------2
 ------------50 %--50 %------ 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/10/2008 NGC AU 58   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 3131 $8,625.00
11/6/2011 NGC AU 53   Heritage Auctions Internet Coin Auction Session(2), 131146/Lot# 25185 $1,495.00
12/5/2011 NGC VF 25   David Lawrence Rare Coins Monday - Internet Auction # 642, 649/Lot# 1082 $1,351.25
11/18/2012 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 11/18/2012, 49/Lot# 85256 $1,213.30
9/30/2013 NGC VF 35   Teletrade Auction 3450, 3450/Lot# 1948 $1,057.50
10/29/2015 PCGS AU 55   Heritage Auctions 2015 October 29 - November 1 US Coins Signature Auction - New York Session(3), 1225/Lot# 4916 $1,310.13
11/10/2015 PCGS XF 40   Stack's Bowers November 2015 Baltimore, 6110/Lot# 26475 $851.88
10/31/2016 PCGS VF 25   Heritage Auctions 2016 October 31 - November 2 US Coins Signature Auction - New York Session(4), 1241/Lot# 7696 $646.25


NGC Registry

NGC Registry Score 1894 $1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base1531162218571985203822102308239625062604347037003942378842495354990412178139141953760429107363
156117001899200220952242233724322538289235463780394239414617687010662127561578833167760730
00000023372432253828923546378039423941461768701066212756157883316700
00000023662469257131813623386139424095498583871142013335176624679800
1894 $1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base164717421989212421792360246425552671277431603620385674318591110161225413914195372669082580134561
1678182420342142223923942494259327052902331336985047781793991142812807157882192145320999070
000000249425932705290233133698504778179399114281280715788219214532000
0000002524263227393031346637776239820410207118411336017662243056395000
1894 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base145015371762188619362102219722812388248328393264348236284073514595751119712178131121474020486
147916121803190219912133222523162419260129803336353037764430662110115115241248913654166550
00000022252316241926012980333635303776443066211011511524124891365400
00000022532352245127203122340935793924478780981065611851128001419700
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.
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