1904 Morgan Silver Dollar
The 1904 Morgan Silver Dollar had just under 3 million total mintage at the Philadelphia Mint. The 1904 Morgan Dollar is believed to be one of the poorest quality Morgan Dollars produced at the Philadelphia Mint. The luster is dull and unattractive and it has made it a challenging coin for Morgan Dollar series collectors. That being said, it is possible to find a Mint State and appealing coin from the 1904 Morgan Silver Dollars, but requires some effort to find. Continue reading to learn more about 1904 Morgan Silver Dollar Value.
AUCTION RECORD: $17,625 • MS66
Image source: PCGS
History of the 1904 Morgan Silver Dollar
The 1904 Morgan Silver Dollar has had little attention paid to it over the years, with some appearing in releases over the years, but nothing major has been taken note of. The 1904 Morgan Dollar is relatively common in worn grades, although not one of the most common Morgan Silver Dollars available in circulated condition. The higher the grade, the more rare this coin becomes, as it is difficult to find a high-quality, lustrous and well-struck 1904 Morgan Silver Dollar.
1904 Morgan Silver Dollar Value
The 1904 Morgan Silver Dollar value ranges from the hundreds to the low tens of thousands. This coin isn’t as attractive overall as many of the coins, but if you can get your hands on a 1904 Morgan Dollar in Mint State, especially higher grades, there is the possibility of finding a well-struck and lustrous coin. Cherrypicking is important for the 1904 Morgan Dollar to ensure you find the highest quality coin possible.
Type of coin: Silver Dollar
Year: 1904 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 2,788,000
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 27.20 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What factors influence the 1904 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1904 edition, is determined by its mint mark, condition (or grade), rarity, and silver content. Special varieties and recognized errors can also significantly impact its value.
How much is a typical 1904 Morgan Silver Dollar worth?
A typical 1904 Morgan Silver Dollar in circulated condition might be worth around $25 to $50. Uncirculated examples, depending on their grade, can fetch from $100 to several hundred dollars.
What is the value of a 1904-O Morgan Silver Dollar?
The 1904-O Morgan Silver Dollar, minted in New Orleans, is one of the more available dates in higher grades due to a large release of uncirculated coins in the 1960s. Its value can range from about $50 in lower uncirculated grades to over $150 for MS65 examples.
Are there any rare varieties of the 1904 Morgan Dollar that significantly impact its value?
While the 1904 Morgan Dollar is not known for particularly rare varieties, the overall condition and mint mark (e.g., "O" for New Orleans, "S" for San Francisco, or no mint mark for Philadelphia) can affect its value. The "S" mint mark versions are generally more valuable.
What is the highest grade and value achieved by a 1904 Morgan Silver Dollar?
The highest grades for a 1904 Morgan Silver Dollar can reach up to MS66, with values that can exceed several thousand dollars, especially for well-preserved examples with significant eye appeal.
How does the mint mark affect the 1904 Morgan Silver Dollar value?
The mint mark on a 1904 Morgan Silver Dollar significantly affects its value. Coins minted in San Francisco (S) and New Orleans (O) can be more valuable than those from Philadelphia (no mint mark), with variations depending on condition and rarity.
Can the silver content of the 1904 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1904 Morgan Silver Dollar, which is 90% silver, provides a base value tied to the current silver bullion market. However, the numismatic value for collectors often exceeds the melt value.
Where is the best place to sell a 1904 Morgan Silver Dollar?
The best places to sell a 1904 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, coin shows, and online platforms that specialize in coins. Authenticity and condition are key to achieving the best price.
What should collectors look for when purchasing a 1904 Morgan Silver Dollar?
Collectors should examine the coin's condition, mint mark, any notable varieties, and overall eye appeal. Purchasing coins that have been professionally graded can also offer assurance regarding the coin's authenticity and condition.
How should I store my 1904 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1904 Morgan Silver Dollar, store it in a cool, dry place, ideally in a protective holder or capsule designed for coin storage. This protects the coin from environmental damage and physical wear.
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