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: $18.72 (12/3/2020)
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After the Panic of 1893, the U.S. government repealed the portion of the Sherman Act which called for the Treasury to make large silver purchases and to coin them into silver dollars.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: 1/10/2020

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 3300 3450 4000 5000 8000 38000 80000 - - - -
$ - - - 1900 3200 - - 4500 6500 16000 45000 - - -
1894 $1 MS PL
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - 2500 3000 3200 4200 5000 6000 - - - - - - - -
1894 $1 MS DPL
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - 10000 - - 71000 - - - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 4098
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: 12/1/2020 1894 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base34190166182510260380174281407525642822802221175-----4079
---------------1------1
----------1-1258------17
-----------------------
Total34190166182510260380174281407526642832822271265-----4097
 1%5%4%4%12%6%9%4%7%10%13%2%7%7%6%3%0%----- 
1894 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------1128113--------17
-----------------------
-----------------------
-----------------------
Total-------1128113--------17
 -------6%6%12%47%6%6%18%-------- 
1894 $1 MS DPL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------1--1------2
-----------------------
-----------------------
-----------------------
Total------------1--1------2
 ------------50%--50%------ 

NGC Registry

NGC Registry Score 1894 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base1531162218571985203822102308239625062604347037003942378842495354990412178139141953760429107363
15611700189920022095224223372432253828923546378039423941461768701066212756157883316776073112731
00000023372432253828923546378039423941461768701066212756157883316700
00000023662469257131813623386139424095498583871142013335176624679800
1894 $1 MS DPL
 PrAgGVGFVF4045505355586061626364656667686970
Base164717421989212421792360246425552671277431603620385674318591110161225413914195372669082580134561
167818242034214222392394249425932705290233133698504778179399114281280715788219214532099907141289
000000249425932705290233133698504778179399114281280715788219214532000
0000002524263227393031346637776239820410207118411336017662243056395000
1894 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base145015371762188619362102219722812388248328393264348236284073514595751119712178131121474020486
1479161218031902199121332225231624192601298033363530377644306621101151152412489136541665521510
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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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.