AboutMyCoin1894-O Morgan Dollar in MS65
An 1894-O Morgan dollar graded MS65 is worth $37,013 to $50,529, from sales and public data. The grade below it is Mint State (MS-64), and the same coin in that grade is worth less — how much less varies from date to date.
Mint State (MS-65)
$37,013 to $50,529
From sales and public data. Figure occasionally updated. Not an appraisal or declaration of worth or value.
What MS65 means
An 1894-O Morgan dollar in Mint State (MS-65) is a gem: no wear, full unbroken lustre, and marks so few and so small that the open fields of Liberty’s cheek and neck survive inspection under magnification. On a scarce date this is usually where the certified population collapses and the price stops following the grade in a straight line.
A slab, a dealer’s list or a price guide may write this grade MS-65. They are the same grade and the same 1894-O Morgan dollar.
Where this grade sits
The grades an 1894-O Morgan dollar is given run from PO1 to MS70. One step up from MS65 is Mint State (MS-66). 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) | |
| Good (G-6) | |
| Very Good (VG-8) | $79 – $100 |
| Very Good (VG-10) | |
| Fine (F-12) | $88 – $109 |
| Fine (F-15) | |
| Very Fine (VF-20) | $113 – $126 |
| Very Fine (VF-25) | |
| Very Fine (VF-30) | |
| Very Fine (VF-35) | |
| Extremely Fine (XF-40) | $189 – $202 |
| Extremely Fine (XF-45) | |
| About Uncirculated (AU-50) | $376 – $384 |
| About Uncirculated (AU-53) | |
| About Uncirculated (AU-55) | |
| About Uncirculated (AU-58) | |
| Mint State (MS-60) | $1,919 – $2,027 |
| Mint State (MS-61) | |
| Mint State (MS-62) | |
| Mint State (MS-63) | |
| Mint State (MS-64) | |
| Mint State (MS-65) ← this page | $37,013 – $50,529 |
| Mint State (MS-66) | |
| Mint State (MS-67) | |
| 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.
← Mint State (MS-64)Mint State (MS-66) →
What it sold for
No certified sale of an 1894-O Morgan dollar in MS65 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-O Morgan dollar in MS65, which is the difference between what somebody paid and what somebody hoped for. If what you find sits outside $37,013 to $50,529, trust what you found: it is newer than this page.
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-O Morgan dollar cannot be worth less than the metal in it. That figure is what the premium for MS65 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-O Morgan Dollar: every grade, the metal and the specification →