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Product Information

Q. David Bowers
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)

Numismatic Information

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.

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.

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.

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.

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

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.

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.

Prooflike coins: PL and DMPL 1894-O dollars are rarities

Die rotation: VAM-6 is known with the reverse die misaligned 25° counterclockwise. The highest grade reported to Van Allen and Mallis is Fine.

Varieties

Circulation strikes:

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 enough

Product Identifiers

Designer
George T. Morgan
eBay Product ID (ePID)
170401049

Product Key Features

Strike Type
Business
Mint Location
New Orleans
Composition
Silver, Copper
Year
1894

Dimensions

Weight
26.73g

Additional Product Features

EDGE
Reeded
Mint
New Orleans
Grade
VG 8
Denomination
$1
PCGS Number
7230
Diameter
38.1mm
Mint Mark
O

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1894-O $1 Morgan Silver Dollar Coin

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Product Information

Q. David Bowers

Product Identifiers

Product Key Features

Dimensions

Additional Product Features