Sent a few coins in for grading including this 1894 Morgan. 3rd lowest proof Morgan for the entire series from NGC, only a Good 1895 and a Very Good 1895 lower. Hope someone needs it for a lowball set.
There are only three VAM's for 1894. I believe this coin lacks the doubling on the reverse all circulation strikes for the date have.
I was certainly pleasantly surprised. It is a unique coin, I think it would have a premium over a F-15 business strike.