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The 1904 Morgan dollar is not known for particularly good strike quality or luster, and this fact shows in the dearth of Gems, PLs, or DMPLs for this issue. While essentially common up through a grade of MS64, populations drop off dramatically at the MS65 level and in MS66 and MS67 the numbers are very small, rendering this date a real conditional rarity. Of the PLs and DMPLs, the relatively few survivors are mainly known under MS65, though a handful are collectively known in the Gem level. The year 1904 marked the end of the original run of Morgan dollars, which returned for one final production year in 1921.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Book Reference
Key to Collecting: As the curtain rings down on the production of Morgan dollars, and the dies and hubs are about to be put into storage, the swan song at the Philadelphia Mint is off-key. Most coins seen today are poorly to indifferently struck and with poor luster—all in all, rather sorry looking. If you want quality, some intense cherryp icking is called for. Nice coins do exist, but if choice or gem and well struck they can be expensive. Most such coins are from old-time collections or holdings (such as a group that Dr. Richard A. Bagg unearthed in Florida years ago) and are lightly, often attractively, toned. The Treasury-release coins are usually subpar.
Surface Quality: The strike varies and is usually of only medium quality. According to Wayne Miller, “Most 1904 dollars give the appearance of being poorly struck. It is hard to believe that the same mint that produced the very beautiful 1903 dollar could, one year later, produce such an inferior dollars as the 1904.” Sharp pieces can be found, but some searching is required. The luster is usually fairly shallow, not at all deep or flashy. To find a deeply lustrous, sharp 1904 will be a challenge.
Prooflike Coins: Some prooflikes exist but are not of high contrast.
Mintage and Distribution: Delivery figures by month: January, 2,200,000; February, 66,000; March–May, 0; June, 522,000; July–December, 0. Although it is likely that many 1904 dollars were stored by the Treasury Department, no record has been found of a particularly spectacular release. Some bags came out in the early 1940’s, others in the 1950’s, and a few more in the early 1960’s, but few turned up in dealers’ hands.
PROOF STRIKES:
Mintage: 650. Delivery figures by month: January–February, 0; March, 275; April– May, 0; June, 65; July–August, 0; September, 10; October–November, 0; December, 300. At least two obverse dies were used.
Key to Collecting: Some lightness at the centers. Undesirable chrome look to the motifs.
VARIETIES:
All are from the new hub (style of 1900).
Catalog Information
GSID:
7598
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1904
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1904
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
2,788,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7290
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Body: Referring page: http://dev.greysheet.com/prices/item/1904-morgan-silver-dollar-coin-values/gsid/7598 GSID: 7598 Title: 1904 $1 MS
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Coin Value History
1904 $1 MS
Value By Grade
1904 $1 MS
CPG (retail) values
Currency
Grade Range
Grading Authority
Sort by
Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS67 |
|
$14,500 | $1,234 |
| MS67 | - | $12,000 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
Morgan $1 Pre-1921 MS [Type]
![Morgan $1 Pre-1921 MS [Type]](https://images.greysheet.com/ProductImages/DLRC/194xxx/a15b3867-56c4-4feb-9ccd-68ae7da30226.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $41 – $80,000
Morgan $1 Pre-1921 MS PL [Type]
![Morgan $1 Pre-1921 MS PL [Type]](https://images.greysheet.com/ctc/catalog/90o-pl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $50 – $7,800
Morgan $1 Pre-1921 MS DMPL [Type]
![Morgan $1 Pre-1921 MS DMPL [Type]](https://images.greysheet.com/ctc/catalog/84cc-dmpl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $75 – $42,000
Morgan $1 Carson City Mint MS [Type]
![Morgan $1 Carson City Mint MS [Type]](https://images.greysheet.com/ProductImages/DLRC/416xxx/e90065e0-537f-4db8-b2b8-efacd6817cff.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $70 – $50,000
Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]
![Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]](https://images.greysheet.com/Ctc/CatalogEntry/ha_com_1314_4280-3.20200626010427369.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $270 – $5,400
1878 8TF $1 MS
Worth: $40 – $102,000
1878 8TF $1 MS PL
Worth: $200 – $4,400
1878 8TF $1 MS DMPL
Worth: $575 – $27,000
1878 7TF $1 Reverse of 1878 MS
Worth: $41 – $3,200
1878 7TF $1 Reverse of 1878 MS PL
Worth: $72 – $6,600
1878 7TF $1 Reverse of 1878 MS DMPL
Worth: $240 – $42,000
1878 7/8TF $1 Strong MS
Worth: $45 – $26,400
1878 7/8TF $1 Strong MS PL
Worth: $200 – $9,900
1878 7/8TF $1 Strong MS DMPL
Worth: $425 – $30,000
1878 7/8TF $1 Weak MS
Worth: $41 – $3,200
1904 $1 MS64 NGC. CDN: $575 Whsle. Bid for NGC/PCGS MS64. Mintage 2,788,650....
$586
1904 $1 MS63 NGC. CDN: $425 Whsle. Bid for NGC/PCGS MS63. Mintage 2,788,650. ...
$439
1904 $1 MS62 PCGS. CDN: $175 Whsle. Bid for NGC/PCGS MS62. Mintage 2,788,650. ...
$183
1904 $1 MS61 PCGS. CDN: $140 Whsle. Bid for NGC/PCGS MS61. Mintage 2,788,650. ...
$171
1904 $1 MS60 PCGS. PCGS Population: 52 in 60, 6976 finer (1/26). CDN: $125 Whsle. Bid for NGC/PCGS MS60. Mintage 2,788,650...
$154
1904 $1 MS65 NGC. CDN: $1,600 Whsle. Bid for NGC/PCGS MS65. Mintage 2,788,650....
$2,013
1904 $1 MS66 PCGS. ...
$5,368
1904 $1 AU58 NGC. CDN: $88 Whsle. Bid for NGC/PCGS AU58. Mintage 2,788,650. ...
$94
1904 $1 AU55 ANACS. Housed in a small-sized holder. Mintage 2,788,650....
$104
1904 $1 VAM-5 Die 2 -- Cleaned -- ANACS Details. XF45....
$41
1904 $1 VAM-2 -- Cleaned -- ANACS. AU50 Details. ...
$36
1904 $1 PCGS AU Details (Cleaning)
$38
1904 $1 XF40 NGC. NGC Census: (9/3925). PCGS Population (19/5037). Mintage: 2,788,650. Numismedia Wsl. Price for problem fr...
$55
1904 $1 GSA Soft Pack Fine 12 NGC. NGC Census: (0/3883). PCGS Population (1/4895). Mintage: 2,788,650. Numismedia Wsl. Pric...
$247
1904 $1 AU53 NGC. NGC Census: (16/3611). PCGS Population (30/4513). Mintage: 2,788,650. Numismedia Wsl. Price for problem f...
$50
1904 $1 MS64 ANACS. Mintage 2,788,650. ...
$561
1904 $1 MS63 NGC. CDN: $425 Whsle. Bid for NGC/PCGS MS63. Mintage 2,788,650. ...
$451
1904 $1 MS62 PCGS. CDN: $175 Whsle. Bid for NGC/PCGS MS62. Mintage 2,788,650. ...
$220
1904 $1 MS61 NGC. CDN: $140 Whsle. Bid for NGC/PCGS MS61. Mintage 2,788,650. ...
$169
1904 $1 MS60 PCGS. Mintage 2,788,650. ...
$180
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