Price Guide for 1894 Dollar Variants
This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.
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3rd Party PriceCirculated: $196.00 – $32,000.00Uncirculated: $5.50 – $152,750.00
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eBayCirculated: $22.50 – $3,500.00Uncirculated: $1,250.00 – $14,840.00
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PCGS Price GuideCirculated: $600.00 – $3,650.00Uncirculated: $4,000.00 – $235,000.00
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3rd Party PriceCirculated: $13.00 – $8,000.00Uncirculated: $8.00 – $79,312.50
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eBayCirculated: $20.00 – $3,350.00Uncirculated: $643.90 – $12,509.10
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PCGS Price GuideCirculated: $55.00 – $1,050.00Uncirculated: $1,600.00 – $175,000.00
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3rd Party PriceCirculated: $21.00 – $16,000.00Uncirculated: $15.00 – $72,000.00
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eBayCirculated: $34.00 – $1,199.00Uncirculated: $1.00 – $7,250.00
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PCGS Price GuideCirculated: $60.00 – $1,025.00Uncirculated: $1,100.00 – $77,500.00
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3rd Party PriceCirculated: $352.50 – $1,323.00Uncirculated: $748.00 – $28,800.00
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eBayCirculated: $400.00 – $700.00
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PCGS Price GuideUncirculated: $5,500.00 – $35,000.00
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3rd Party PriceCirculated: $403.00 – $11,000.00Uncirculated: $4.20 – $28,800.00
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eBayCirculated: $892.00 – $3,000.00Uncirculated: $1,237.00 – $8,975.00
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PCGS Price GuideCirculated: $900.00 – $2,650.00Uncirculated: $3,150.00 – $47,500.00
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3rd Party PriceCirculated: $660.00 – $3,200.00Uncirculated: $400.00 – $11,400.00
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eBayCirculated: $581.00 – $721.20Uncirculated: $1,325.00 – $2,375.00
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PCGS Price GuideUncirculated: $1,350.00 – $14,000.00
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3rd Party PriceCirculated: $1,500.00 – $3,290.00Uncirculated: $94.00 – $1,292.50
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eBayCirculated: $1,339.00 – $2,276.00Uncirculated: $82.99 – $302.50
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PCGS Price GuideUncirculated: $6,000.00 – $7,750.00
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3rd Party PriceUncirculated: $17,250.00 – $86,250.00
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PCGS Price GuideUncirculated: $6,500.00 – $105,000.00
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3rd Party PriceCirculated: $168.00
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eBayCirculated: $40.00Uncirculated: $20.00 – $80.00
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3rd Party PriceCirculated: $3,055.00 – $5,400.00Uncirculated: $5,750.00 – $23,000.00
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PCGS Price GuideUncirculated: $10,000.00 – $35,000.00
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3rd Party PriceCirculated: $504.00
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eBayUncirculated: $71.00 – $1,599.99
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eBayCirculated: $55.00
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3rd Party PriceCirculated: $900.00Uncirculated: $1,140.00 – $2,880.00
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eBayCirculated: $49.95 – $250.00
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eBayCirculated: $26.77 – $689.99
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eBayCirculated: $39.99 – $360.00
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3rd Party PriceUncirculated: $1,093.00 – $15,001.20
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PCGS Price GuideUncirculated: $2,350.00 – $22,500.00
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3rd Party PriceUncirculated: $1,140.00
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eBayCirculated: $499.00
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eBayCirculated: $53.00
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eBayCirculated: $520.00
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eBayCirculated: $60.00 – $66.00
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eBayCirculated: $44.99 – $825.00
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3rd Party PriceUncirculated: $2,530.00 – $83,375.00
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eBayUncirculated: $3,600.00 – $6,400.00
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PCGS Price GuideUncirculated: $3,650.00 – $110,000.00
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3rd Party PriceUncirculated: $4,600.00 – $37,375.00
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PCGS Price GuideUncirculated: $3,000.00 – $85,000.00
Design and Specifications of the 1894 Dollar
The 1894 Morgan Dollar is a significant coin in American numismatic history. It was minted during a period of economic depression following the Panic of 1893, which led to reduced silver dollar production. The Morgan Dollar, first introduced in 1878, was designed by George T. Morgan and named after him. The year 1894 is particularly notable for producing one of the most famous key dates in the entire Morgan Dollar series.
| Weight | 26.73 grams |
|---|---|
| Diameter | 38.1 mm |
| Mint Marks | Philadelphia (no mint mark), New Orleans (O), San Francisco (S) |
| Composition | 90% silver, 10% copper |
| Obverse Design | Liberty Head (Morgan Dollar), designed by George T. Morgan |
| Reverse Design | Heraldic eagle with wings spread, designed by George T. Morgan |
Rarity Factors and Value Drivers
The condition of an 1894 Morgan Dollar has a significant impact on its value, particularly for the Philadelphia issue. Due to its extremely low mintage, even circulated examples of the 1894-P are highly valued. Uncirculated specimens are exceedingly rare and command substantial premiums.
For the New Orleans and San Francisco issues, condition plays a crucial role in determining value. Coins in MS65 or higher grades are scarce and highly sought after by collectors. The presence of deep, original luster and minimal contact marks can greatly enhance the coin’s desirability and value.
Mintage: 110,000
Rarity Scale: Very Rare
Circulation Status: Limited Circulation
Preservation Rarity: Extremely rare in high grades (MS65 and above)
Varieties Errors: None significant
Market Demand: High, due to its key date status and low mintage
Mintage: 1,723,000
Rarity Scale: Scarce
Circulation Status: Moderate Circulation
Preservation Rarity: Rare in high grades (MS65 and above)
Varieties Errors: None significant
Market Demand: Moderate to High, especially for well-preserved specimens
Mintage: 1,260,000
Rarity Scale: Scarce
Circulation Status: Moderate Circulation
Preservation Rarity: Rare in high grades (MS65 and above)
Varieties Errors: None significant
Market Demand: Moderate to High, especially for well-preserved specimens
Strike quality is an important factor for all 1894 Morgan Dollars. Well-struck coins with full detail on Liberty’s hair and the eagle’s feathers are more desirable. Toning can also significantly affect value, with attractive, natural toning often commanding a premium.
For the 1894-P issue, provenance can play a crucial role in value. Coins with a documented history of ownership, especially those from famous collections, can be worth substantially more. Additionally, any 1894-P Morgan Dollar that has been certified and encapsulated by a reputable grading service will generally command a higher price due to the assurance of authenticity, which is crucial for such a rare and valuable coin.
