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1894 Morgan Silver Dollar

The 1894 Morgan silver dollar is one of the rarest and most sought-after coins in the Morgan dollar series. Struck at the Philadelphia Mint with a very low mintage of only 110,000, this coin is valued highly among collectors due to its scarcity.

While most of the coins were released in the mid-20th century, few entered circulation, making circulated examples very rare today.

The 1894 Morgan silver dollar is known for its sharp strikes and frosty luster, although some coins display weaker strikes.

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Specifications:

  • Size: Standard for Morgan dollars
  • Denomination: One dollar
  • Gross Weight: 27.20 grams
  • Actual Silver Weight: 0.7734 troy ounces
  • Fineness/Composition: 90% silver, 10% copper
  • Diameter: 38.10 millimeters
  • Thickness: Varies slightly due to circulation
  • Specific Gravity: Not listed

Coin Description:

The obverse of the 1894 Morgan silver dollar features a left-facing portrait of Liberty wearing a Phrygian cap, symbolizing freedom. The reverse shows a bald eagle with outstretched wings holding an olive branch and arrows, symbolizing peace and strength. The coin has a reeded edge and displays a frosty luster, with some weaker-strike examples showing reduced detail.

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Cultural and Numismatic Significance:

  • The 1894 Morgan silver dollar is treasured not just for its silver content but for its historical and numismatic value as well. As one of the lowest-mintage coins in the series, it holds a special place in U.S. coinage history. Its rarity, particularly in circulated grades, makes it highly prized among collectors. The 1950s and 1960s releases of Mint State bags of these coins contributed to its modern-day scarcity and desirability.
Hand using a magnifying glass to appraise coins in a collection, highlighting the debate on cleaning coins before appraisals.

Numismatic Value:

The value of an 1894 Morgan silver dollar can range from thousands of dollars in lower grades to over $150,000 for high-grade examples. The auction record for an MS-66+ example stands at $152,750. Coins from this year and mint are a significant find due to their low mintage and rarity in both circulated and uncirculated conditions.

Free Appraisal With No Obligation To Sell

Take the first step toward selling your silver coins by getting a free appraisal today. Our process is designed to be transparent, convenient, and stress-free, giving you the confidence to sell when you’re ready.

At Coinfully, we’re committed to helping you get the most for your silver coins—all from the comfort of your home.

Frequently Asked Questions (FAQs)

How do I know I’m getting a fair price for my silver coins?At Coinfully, we pride ourselves on transparency. Our appraisals are based on the current market value of silver, including the silver content of your coins, and the numismatic value of collectible coins. We provide a detailed explanation of how we arrive at your offer, ensuring that you’re fully informed and confident in the price you receive.

Is my shipment insured when I send my coins to Coinfully?Yes, we provide full insurance coverage for your shipment. Whether you’re sending silver bullion coins, junk silver coins, or American Silver Eagle coins, your coins are protected throughout the entire shipping process, giving you peace of mind that your valuable items are safe.

What types of silver coins does Coinfully buy?We buy all types of U.S. silver coins, including American Silver Eagle coins, silver dollar coins, silver bullion coins, junk silver coins, and other collectible coins. No matter the type or condition, we’re interested in purchasing your coins, whether you’re looking to sell silver coins for melt value or as collectible items.

What if I’m not ready to sell after receiving an appraisal?There’s no obligation to sell your coins after receiving an appraisal from Coinfully. We offer a free, no-pressure appraisal service to help you understand the value of your collection. You can decide to sell when you’re ready, without any pressure from us.

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