Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 


Gem 1894-O Morgan Dollar
High-Luster Condition Rarity

1894-O $1 MS65 NGC. The three dollar-coin issues of 1894, the first full post-Silver-Purchase year, offer a dramatic study in contrasts. The 1894 Philadelphia famously has a mintage of only 110,000 business strikes and is a celebrated rarity. The 1894 San Francisco has a higher mintage at 1.26 million coins and was paid out in quantity during the 1950s, creating high availability in the better Mint State grades.
The 1894-O arguably is the most problematic of the three issues. New Orleans struck nearly a half-million more silver dollars than San Francisco in 1894, and in worn grades the 1894-O easily is the least expensive of the three. Even in the lowest Mint State grades, the 1894-O rivals only its San Francisco counterpart. In Select condition, however, the 1894-O starts a hard charge in price due to condition scarcity. In near-Gem its price approaches or even overtakes the low-mintage Philadelphia issue, and at the Gem level, the 1894-O dollar is a no-questions condition rarity.
Neither NGC nor PCGS has recognized a coin in MS66 or better condition, making this Gem a supremely important example for the high-end collector. While it has the issue's usual weakness at the central obverse, the eagle's breast feathers are better-defined than usual. The luster too is above-average, rolling cartwheels with just a hint of apricot color on smooth silver surfaces. A diagonal scrape just below the eagle's neck is acceptable on the reverse of a Gem but precludes a finer designation. Census: 6 in 65, 0 finer (11/12).
From The Steve Reed Collection.(Registry values: P7, N7079) (NGC ID# 255W, PCGS# 7230)

View all of [The Steve Reed Collection ]

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2013
Internet/Mail/Phone Bidders: 8
Members Tracking: N/A
Page Views: 538

Buyer's Premium per Lot:
17.5% of the successful bid (minimum $14) per lot.

Heritage membership

sold in the last year

Join Now - It's Free

  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your

Consignments wanted

Only 40 days left to consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong!

Learn about consigning with us

It is with a sense of tremendous gratitude that I wish to convey my sincere appreciation to you for the manner in which you managed the recent sale of my currency collection.
Thomas Flynn,
Scottsdale, AZ
View More Testimonials receives more traffic than any other auction house website. To compare for yourself, visit:

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,887,709
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,688,775
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved