The 1894 date is the second toughest to find in the 28-date Morgan dollar series. (It's the most elusive and costly Philadelphia Mint circulation issue, commanding thousands of dollars in Very Fine quality.) The most affordable choice for the date is the 1894-O New Orleans issue, which is scarce in its own right. It's estimated that as few as 40,000 may survive in our nicely detailed Very Fine quality or better. The O mintmark appears below the eagle and wreath on the reverse side.