1894 Morgan Silver Dollar - 1894 Morgan S$1 NGC MS61. This Mint State 1894 Morgan Dollar, unlike many of its date, has an excellent strike and good luster. Full details are present on Libertys hair and the eagles breast. The coin is essentially white with frosty devices on satiny fields. It shows no wear, as expected for an Uncirculated piece. The surfaces are original and clean for the grade, with no individually distracting abrasion marks.

George T. Morgan designed the dollar. It shows a close head of Liberty in profile facing left. She wears a headband inscribed LIBERTY. In her hair are cotton, corn, wheat, and tobacco. She wears a modified Phrygian cap and is surrounded with the motto E PLURIBUS UNUM, thirteen stars (seven left and six right), and the date. The reverse shows an eagle with wings raised looking left. In its talons are arrows and olive branch, symbols of preparedness and peace. A wreath is below and the motto IN GOD WE TRUST is above. Except for the eagles wing tips, UNITED STATES OF AMERICA and ONE DOLLAR circumscribe the design. The mintmark, if present, is below the wreath and above the denomination.

The only complaint with George T. Morgans design for the new dollar was that Liberty was too heavy. For his model, Morgan used Anna Williams, a school teacher from Philadelphia. Charles Barber also submitted a design. His design showed Liberty as also being too heavy, but she was also dumpy looking and had a fat neck. Morgans reverse showed an eagle that looked unnatural. Barbers seemed more real. In any case, it was Morgans designs that were selected for the dollar. It is an irony that the first Morgan dollar was presented to Rutherford B. Hayes, the president who had originally vetoed the authorizing act.

The Morgan dollar was issued every year from 1878 to 1904 and then again in 1921. Hundreds of millions of Morgan silver dollars were saved in bags of 1,000 each in bank vaults because the federal government created artificial demand for them to satisfy the Western silver interests. Some were melted in the 1918, but large quantities remained in bank vaults and were later bought by investors and collectors. Because many millions of Morgan silver dollars exist today in the hands of the public, the Morgan silver dollar has become the most widely collected coin of its era.