1894 S Morgan
In going through my "ordinary" silver dollars, I found a a highly circulated 1894 San Francisco Morgan silver dollar. Everything is clearly readable on the coin but there is heavy wear on the obverse upper left. Nevertheless the eyes, lips, nose, are all visible. and forehead hair still has some lines in it. On the reverse the eagle wings are worn at the tips but lines are still visible. The head lacks definition and the breast and leg feathers show a lot of wear but the rim definition shows less wear than the obverse.
I had valued this coin at its bullion level but there must be something unique about 1894. Can anybody tell me anything about the coin? I just can't get any reliable information from KITCO or Monex.
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Permalink Reply by Buffalo on -
PCGS CoinFacts shows a mintage of 1,260,000, with a survival estimate in all grades of 112,742 with 20,492 in MS60 or better. Overall numismatic rarity is 2 on a 1-10 scale with higher numbers indicating more rare. Relative rarity by type is a tie at 26 out of 124 for all grades and 25 out of 124 for MS60 and above, with lower numbers indicating more rare. The PCGS Popualtion Report shows them graded in everything up thru 2 coins in MS67 with most clustered from MS61 to MS64 (2747 coins in these 4 grades). The 1893-S is a key but I don't really see anything that stands out on the 1894-S. Philadelphia and San Francisco had the better strikes overall, New Orleans the worst on the Morgans.You can usually get pretty close to retail prices here:
http://www.numismedia.com/fmv/fmv.shtml
and grade examples here: http://www.pcgs.com/photograde/#/Morgan/Grades
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Permalink Reply by Lee Grant on -
Buffalo: Thanks as always for your comprehensive response.
L. Grant
Buffalo said:PCGS CoinFacts shows a mintage of 1,260,000, with a survival estimate in all grades of 112,742 with 20,492 in MS60 or better. Overall numismatic rarity is 2 on a 1-10 scale with higher numbers indicating more rare. Relative rarity by type is a tie at 26 out of 124 for all grades and 25 out of 124 for MS60 and above, with lower numbers indicating more rare. The PCGS Popualtion Report shows them graded in everything up thru 2 coins in MS67 with most clustered from MS61 to MS64 (2747 coins in these 4 grades). The 1893-S is a key but I don't really see anything that stands out on the 1894-S. Philadelphia and San Francisco had the better strikes overall, New Orleans the worst on the Morgans.You can usually get pretty close to retail prices here:
http://www.numismedia.com/fmv/fmv.shtml
and grade examples here: http://www.pcgs.com/photograde/#/Morgan/Grades
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