The 1894 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

1894 Silver Dollar

Specifications

Type: Morgan Silver Dollar
Year: 1894
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $13.03

The US minted the 1894 silver dollar with no mint mark and also the 1894 O silver dollar and 1894 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.

Series Location Quantity Minted
1894 Philadelphia 110,000
1894 O New Orleans 1,723,000
1894 S San Francisco 1,260,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $13.03 as of November 11, 2019. This melt value is calculated from the current silver spot price of $16.85 per ounce.

The 1894 silver dollar with no mint mark is worth around $925 in very fine condition. In extremely fine condition the value is around $1,000. In uncirculated condition the price is around $3,100 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $37,000. It's important to note that for this coin, you should be aware of altered mintmarks. It's best to get this coin authenticated.

The 1894 O silver dollar is worth around $55 in very fine condition. In extremely fine condition the value is around $95. In uncirculated condition the price is around $1,375 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $58,000.

The 1894 S silver dollar is worth around $95 in very fine condition. In extremely fine condition the value is around $175. In uncirculated condition the price is around $850 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $6,300.

Proof coins with no mint mark are available and they are each valued at around $3,500 in PR 63 condition. There were only 972 proof coins minted.

Grading System

Very fine- Two thirds of Liberty's hair lines from above her forehead to her ear are visible.

Extremely fine- Liberty's hair lines and ear look strong.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.

PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.

 

Sources:

The Red Book


See also:

1895 Silver Dollar
1893 Silver Dollar
1892 Silver Dollar