About this product
Product Information
<h2>Q. David Bowers</h2>The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)<br/><br/>Numismatic Information <br/><br/>Hoard coins: A few bags of Uncirculated 1894-O dollars came on the market in the East during the early 1950s. Whether these were paid out from storage in the Philadelphia Mint, or whether they came from the Treasury Building in Washington, D.C., is not known. In The Numismatist, September 1953, Philip Maul advertised roll quantities of this issue for sale. Quite probably, other dealers had modest quantities as well. At the time there was virtually no demand for silver dollars in quantity, and even dealers like Maul were likely to receive more single coin than roll orders. Among dollars released in quantity, 1894-O was not one of the more plentiful dates. <br/><br/>In 1962-1964, other 1894-Os came out during the dispersal of O-Mint dollars from storage in a sealed vault at the Philadelphia Mint. By this time, there were many dealers interested. As little is mentioned in the literature about 1894-O dollars, it is probable that not more than a few thousand additional coins were found during that hectic time. Steve Ruddel, a Washington, D.C. area dealer active in handling quantities of coins during the early 1960s, told Wayne Miller that he declined to buy a bag of Uncirculated 1894-O dollars (and also a bag of 1896-O dollars) for $3 per coin, for "at that time no one knew what was going to be available next." Harry J. Forman handled one bag of this date. In the 1970s, groups of 20 to 100 coins (one to five rolls) were common, Wayne Miller wrote. <br/><br/>Market note: Around the year 1900 there was a flurry of interest in 1894-O, 1894-S, 1895-O, and 1895-Ssilver dollars, and a few specimens were sold for several dollars each. The interest soon faded, and soon thereafter Uncirculated pieces could be obtained for less than $2 apiece. <br/><br/>Mint State grades: In Mint State, the 1894-O is rare. In MS-65 grade only a few exist, and the issue is one of the prime landmarks in the Morgan series. In 1982, Wayne Miller wrote that he had never seen a fully struck gem specimen. The PCGS tour of silver dollars, which took place in 1990 and 1991 and which featured some of the finest certified coins, from various sources, assembled to make up an exhibit collection, had an 1894-0 in just MS-64 grade. This was the only date and mintmark in the exhibit to be less than MS-65 condition. The only other two issues in the exhibit less than MS-65 were 1882-O/S and 1887/6-O. <br/><br/>The majority of Mint State 1894-O dollars are in MS-60 to 62 grades, about 2,000 to 4,000 coins in all. At the MS-63 level there are 1,000 to 2,000 estimated<br/><br/>to exist. MS-64 pieces are rare, with a population of only about 250 to 500. MS-65 coins are exceedingly rare; only about 10 to 20 are known.<br/><br/>Most 1894-O dollars are very flatly struck at the centers and are unsatisfactory from an aesthetic viewpoint. While cherrypicking is advisable, still there is the possibility that extensive looking will not produce a sharply struck coin. Compromise is then the order of the day. Pick out an average strike with nice lustre. Forget about needle-sharp details.<br/><br/>Prooflike coins: PL and DMPL 1894-O dollars are rarities<br/><br/>Die rotation: VAM-6 is known with the reverse die misaligned 25° counterclockwise. The highest grade reported to Van Allen and Mallis is Fine.<br/><br/>Varieties<br/><br/>Circulation strikes:<br/><br/>1. Normal date: Breen-5635. Five obverses are known, two with partly repunched date, mated with three reverses-per VAM. Most likely nearly all the 10 obverses and seven reverses were used; the dies described by VAM would hardly have been enoughProduct Identifiers
DesignerGeorge T. Morgan
eBay Product ID (ePID)170401049
Product Key Features
Strike TypeBusiness
Mint LocationNew Orleans
CompositionSilver, Copper
Year1894
Dimensions
Weight26.73g
Additional Product Features
EDGEReeded
MintNew Orleans
GradeVG 8
Denomination$1
PCGS Number7230
Diameter38.1mm
Mint MarkO
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Ratings and reviews
Most relevant reviews
- 07 Apr, 2016Most favourable review
Good + Morgan Dollar
This is a good Morgan dollar. It has the same silver content as the MS-65. I cannot afford the high prices of the better grade coins and this condition suits me just fine. This coin in the 2017 Official Red Book in MS-65 lists for $65,000.00. That explains it all for me. Thank You, KennethVerified purchase: Yes
- 04 May, 2017Most critical review
Nice coin, nice toning, but lacks coin luster for AU53 rating by PCGS
One of my mistakes is thinking a coin has value with PCGS AU ratings, but they really don't do well and in this case, this coin lacks any luster what-so-ever to make it worth $225. Oh well, I "live 'n learn" from my mistakes !Verified purchase: Yes
- 06 Jan, 2018
Great deal
I'm very happy I ran across these . The particular Morgan I purchased was from New Orleans. A little worn but happy with it none the less. I bid quite a few Morgan's and was going to turn this one but after finding out it's from New Orleans I think I'll keep it , very rare coin . Thank youVerified purchase: Yes
- 23 Jul, 2019
Awesome coin at A key date
For a 1894 o Morgan that was an awesome price and a great Morgan dollar to have in my collection especially when you can’t afford high-end Morgan’s at key dates awesome coin Great byeVerified purchase: Yes
- 27 Jun, 2019
1894-O Morgan
Coin was as described and at a great value. I will definitely be going back to them soon. Check out their coins that they have for sale. You won’t be disappointed. I wasn’t!!!!
Verified purchase: Yes
- 02 Nov, 2017
1894-O Morgan Silver Dollar In ICG Holer EF40.e356 Ordered & Rec'd as Promised.
This was a dated Morgan I needed to add to my collection. Was very pleased to have found it available from this seller online. And even more so to receive it in condition as described on seller's bidding site. Seller shipment was prompt & am thrilled to have it been able to add this dated product to my Morgan Collection as am trying to plug in missing dates needed to complete it.Verified purchase: Yes
- 17 Apr, 2018
A good value!
I wanted to fill this slot in my collection and I found this coin to be a good fit. It is a decent looking coin and I didn’t break the bank to get it.Verified purchase: Yes
- 09 Dec, 2015
1894 O Morgan Dollar
Should be graded to appreciate the value for a collection. It is a semi-key and it is desired in every collection in any condition. Get it conserved and graded and slabbed then enjoy it.Verified purchase: Yes
- 15 Jun, 2019
Very nice coin
I ordered a Morgan Dollar and it came exactly as pictured. Would buy again.Verified purchase: Yes
- 19 Apr, 2017
Please no plastic bags...
I was not very pleased to see that my coin was shipped in a small plastic craft bag. These bags allow the coin to slip around and further wear, thereby degrading them. Not to mention, plastic bags often have chemical reactions with silver surfaces.Verified purchase: Yes
