1894 MORGAN SILVER DOLLARPCGS MS65From any perspective, the 1894 must be considered the key circulation-strike issue among all Philadelphia Morgan dollars. After the Panic of 1893, the U.S. government repealed the portion of the Sherman Act which called for the Treasury to make large silver purchases and to coin them into silver dollars. Due to this, the mintage of silver dollars at the Philadelphia Mint plummeted in 1894 to only 110,000 pieces (down from over 1.8 million a year before.) The 1894 dollar has the lowest circulation strike mintage of any Morgan dollar except the 1893-S (not including the 1895). Although several bags of 1894 dollars were released from federal holding in the 1950s and 1960s, this issue's limited original mintage guarantees its status as the rarest P-mint Morgan dollar in Mint State after the 1901. The 1894 Morgan is a great rarity and a key date which has always been popular with collectors. The 1894 is still generally available in most grades, but it becomes extremely rare in gem. This blast white gem+, graded PCGS MS65, is a magnificent example of this issue, and would be a prized asset in any collection.
Morgan Silver Dollars are America's most collected coin, with a rich history that was born out of the old Wild West. These big, beautiful silver dollars conjure up images of cowboys and salon poker games, outlaws and stage coach robberies, casino slot machines and honkytonks of the past. Born out of the rich silver mines of Nevada that turned small mining camps into large bustling cities full of promise and entrepreneurial enterprise. Today, Morgan Dollars are among the most colorful and treasured relics of the old American West. Morgan dollars were minted from 1878 to 1904, and once again in 1921 before retiring as America's most popular coin.