AboutMyCoin1894 Morgan Dollar (No Mint Mark) in F12
An 1894 Morgan dollar with no mint mark graded F12 is worth $950 to $1,071, from sales and public data. The grade below it is Very Good (VG-10), and the same coin in that grade is worth less — how much less varies from date to date.
Fine (F-12)
$950 to $1,071
From sales and public data. Figure occasionally updated. Not an appraisal or declaration of worth or value.
What F12 means
An 1894 Morgan dollar with no mint mark in Fine (F-12) carries moderate wear over the whole coin, but the design is still a relief rather than an outline: the hair above Liberty’s ear and the cotton bolls in her cap keep some separation, the eagle’s breast feathers and the tops of its wings are worn smooth at their highest points while the outline of every feature stays sharp, and LIBERTY on the headband, E PLURIBUS UNUM and the date are full and clear.
A slab, a dealer’s list or a price guide may write this grade F-12. They are the same grade and the same 1894 Morgan dollar with no mint mark.
Where this grade sits
The grades an 1894 Morgan dollar with no mint mark is given run from PO1 to MS70. One step up from F12 is Fine (F-15). In general terms, the higher the grade the more the coin is worth.
| Grade | Value range (USD) |
|---|---|
| Poor (PO-1) | |
| Fair (FR-2) | |
| About Good (AG-3) | |
| Good (G-4) | $800 – $900 |
| Good (G-6) | |
| Very Good (VG-8) | $824 – $969 |
| Very Good (VG-10) | |
| Fine (F-12) ← this page | $950 – $1,071 |
| Fine (F-15) | |
| Very Fine (VF-20) | $1,050 – $1,135 |
| Very Fine (VF-25) | |
| Very Fine (VF-30) | $1,120 – $1,300 |
| Very Fine (VF-35) | |
| Extremely Fine (XF-40) | $1,384 – $1,600 |
| Extremely Fine (XF-45) | |
| About Uncirculated (AU-50) | $1,639 – $2,410 |
| About Uncirculated (AU-53) | |
| About Uncirculated (AU-55) | |
| About Uncirculated (AU-58) | $2,410 – $3,500 |
| Mint State (MS-60) | $3,550 – $4,500 |
| Mint State (MS-61) | |
| Mint State (MS-62) | $4,240 – $4,850 |
| Mint State (MS-63) | $5,626 – $6,500 |
| Mint State (MS-64) | $11,500 – $12,201 |
| Mint State (MS-65) | $6,435 – $33,657 |
| Mint State (MS-66) | $62,034 – $150,000 |
| Mint State (MS-67) | $68,238 – $235,000 |
| Mint State (MS-68) | |
| Mint State (MS-69) | |
| Mint State (MS-70) |
A blank in the value column is a grade this site has not researched, not a grade the coin is worth nothing in.
← Very Good (VG-10)Fine (F-15) →
What it sold for
No certified sale of an 1894 Morgan dollar with no mint mark in F12 is recorded in the sources this site reads, because the archives that record sales at this level are behind a login and this site does not read them. The range above is what the published guides say rather than what anybody paid, and it is the weakest figure on this page.
How to check this yourself
Sold listings, not asking prices. The link below is already filtered to completed sales of an 1894 Morgan dollar with no mint mark in F12, which is the difference between what somebody paid and what somebody hoped for. If what you find sits outside $950 to $1,071, trust what you found: it is newer than this page.
Completed sales of an 1894 Morgan Dollar (No Mint Mark) in F12 →
The metal floor under it
$49.79
0.7734 troy oz silver × $64.38 per troy ounce
$64.38/ozt, based on spot prices at 23 September 2026 19:59 UTC
Whatever the market does, an 1894 Morgan dollar with no mint mark cannot be worth less than the metal in it. That figure is what the premium for F12 is measured against, and it moves with the metal price rather than with the coin market.
Where these figures come from
We gather publicly available data from several public sources including eBay, PCGS, NGC, Numista, USA Coin Book, PriceCharting, and others.
Not an appraisal. AboutMyCoin estimates from published specifications and does not authenticate or grade coins.
1894 Morgan Dollar (No Mint Mark): every grade, the metal and the specification →