What is the value of an 1894 us silver dollar?

Answer 1

Look on the back of the coin to see if there's a small mint mark letter above the DO in DOLLAR. It may be blank or there may be an O or S. (The M on the front of the coin is the designer's monogram and not a mint mark.)

Numismedia lists the following approximate retail values as of 01/2012:

"O" mint mark (New Orleans):

Very worn - $36

Moderately worn - $51

Slightly worn - $56

Almost no wear - $242

Uncirculated - $650 to $156,250

"S" mint mark (San Francisco):

Very worn - $41

Moderately worn - $63

Slightly worn - $93

Almost no wear - $386

Uncirculated - $620 to $40,000

No mint mark (Philadelphia):

Very worn condition - $830

Moderately worn - $1,200

Slightly worn - $1,260

Almost no wear - $1,932

Uncirculated - $3,470 to $100,000 depending on quality

If your coin does not have a mint mark, you will need to have it inspected by a couple of experts to make sure it is not a counterfeit or altered coin.

DISCLAIMER: The retail values quoted are the best available as of the date shown, but may vary significantly due to changes in the precious metals market. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.

FAQ's about Morgan dollarsE Pluribus Unum

The motto E Pluribus Unum (Latin for "Out of Many, One") is on ALL $1 coins minted since 1878 so that's not specific enough to ID any one coin.

Silver Eagles

Silver eagles are bullion coins minted since 1986 for sale to collectors but not for spending. Morgan dollars were made for use in ordinary circulation just like dimes and quarters.

An 1894 Morgan silver dollar has two values, a "melt" value, based upon the price of silver, and a collector value, which increases based upon the condition of the coin.

At $17.00 a troy oz., a silver dollar contains $13.15 worth of silver.

The collector's value is based upon condition and where it was minted. Retail, a 1894 dollar, in good condition (G-4) sells for $20.00, but if it was minted in Carson City (CC) it is worth $100.00, Depending on the mint, in Extra fine (EF-40) condition $30.00 to $200.00. In Mint condition (MS-66) the coin can fetch $500.00 to $11,000.00