1894 Morgan Silver Dollars
Produced in 1878-1904, and in 1921 the Morgan Silver Dollar was born from the Bland-Allison Act of 1878. The act was a response to the Coinage Act of 1873, which demonetized silver ending the production of silver dollars. Bland-Allison required the U.S. Treasury purchase a few million dollars of silver per month to be made into silver coins for circulation.
George Morgan’s design for this new silver dollar consisted of an eagle on one face and a Liberty Head on the other. The Morgan Dollar entered production at the Philadelphia Mint in 1878. Throughout it’s lifespan it would be produced at a handful of other U.S. mints.
The 1894 Morgan Dollar was struck at mints in Philadelphia, San Francisco, and New Orleans. These silver dollars bore no mint marks, an “s”, and an “o”, respectively. The latter two versions are easier to acquire, with prices ranging from the $50 range for an average condition coin to over $5000 for a mint state coin. The Philadelphia coin is more valued as only 110,000 circulation and 920 proofs were made. An average quality Philadelphia coin is worth just under $1000, while a mint state coin may be worth as much as $50,000.
The 1894 Morgan Dollar was struck at mints in Philadelphia, San Francisco, and New Orleans. These silver dollars bore no mint marks, an “s”, and an “o”, respectively. The latter two versions are easier to acquire, with prices ranging from the $50 range for an average condition coin to over $5000 for a mint state coin. The Philadelphia coin is more valued as only 110,000 circulation and 920 proofs were made. An average quality Philadelphia coin is worth just under $1000, while a mint state coin may be worth as much as $50,000.