1894-O Morgan Silver Dollar Value
Mintage: 1,723,000
Finest Known: MS65 (NGC) MS65+ (PCGS)
Auction Record: $79,313 (MS65+)
Image: USA CoinBook
The 1894-O Morgan dollar is a major condition rarity that additionally suffers from a restricted range of Mint State grades. Interest in this date was minimal until the great Morgan dollar dispersals from Treasury vaults in 1962 through 1964. Even then, relatively few entered the market.
PCGS estimates 10% of the initial mintage of 1894-O Morgan dollars still exists. 7,990 coins are estimated to be Mint State, and only 26 of those are MS65 or MS65+. There are no known 1894-O Morgan dollars that grade MS66 or higher.
The Value of an 1894-O Morgan Dollar
The 1894-O Morgan dollar is yet another mintage that suffers from the "New Orleans Curse": strikes are weak and luster is poor. Part of this is from the Mint spacing the dies further apart than recommended.This attempt to extend die life at the cost of weakly struck Morgan dollars didn't really help.
As a result, most 1894-O Morgan dollars are flat and lifeless. Finding a well-struck 1894-O Morgan dollar is an exercise in frustration and futility without deep pockets.
1894-O Morgan Dollar Price Guide
| Very Fine 25 | Extremely Fine 45 | About Uncirculated 55 |
|---|---|---|
| $61 | $122 | $312 |
| Mint State 61 | Mint State 63 | Mint State 65 | Auction Record (MS65+) |
|---|---|---|---|
| $1,880 | $4,000 | $48,400 | $79,313 |
The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Statistics are for Mint State coins only. Proof and prooflike examples of this issue may have greater or lesser "finest known" and different record auction prices.