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While plentiful in the lower circulated grades, the 1904-S is a considerable scarcity even in the better circulated grades of XF and AU. In the uncirculated grades, small supplies are known in the MS60-64 range. However, in the Gem levels of MS65 or higher this issue is for all intents and purposes a rarity. PLs are extremely scarce and DMPLs are exceedingly rare. The Morgan dollars of 1904 marked the last year of production for this series until 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: The 1904-S dollar is one of the key issues in the series, and in comparison to the demand for them, Mint State pieces are elusive. When found, the strike is apt to be shallow and the luster average or poor. In contrast, price-wise, there are many nice VF and EF pieces around, also requiring careful selection, that can be just right for those who do not want to invest in Mint State coins.
Surface Quality: The strike is typically about average. Sharp pieces exist but must be sought out, which is not particularly easy to do as Mint State pieces are somewhat elusive. Most Mint State pieces are usually below average in this respect, but there are some notable exceptions.
Prooflike Coins: Prooflike coins exist but have low contrast. DMPL coins are very rare.
Mintage and Distribution: Delivery figures by month: January, 1,252,000; February, 216,000; March, 0; April, 576,000; May, 260,000; June–December, 0. 1904-S dollars were distributed into circulation over a long period of time. In addition to bags stored at the San Francisco Mint, others were shipped to the Treasury Building in Washington, D.C., from which depot many were paid out in the 1930’s and 1940’s. In 1941 and 1942 multiple bags came out, filling numismatic channels to the extent that 1904-S was considered to be a plentiful issue. Although scattered supplies remained for a long time, and in the 1950’s the 1904-S was not expensive, none were to be had in San Francisco. Dealer John Skubis recalled that the only full bags of S-Mint dollars he never handled were 1892-S, 1893-S, and 1904-S. No mention of quantities of 1904-S dollars has been found in connection with either the Treasury release of 1962 through 1964 or the Redfield hoard (1976).
VARIETIES:
Many varieties exist, some with new hub (introduced in 1900), others with new hub over old hub, and with some slight features of the undertype visible; check VAM for details.
Catalog Information
GSID:
7666
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-S
Denomination:
$1
Designation:
MS
Mint Location:
San Francisco
Mint Mark:
S
Mintage:
2,304,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7294
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Coin Value History
1904-S $1 MS
Value By Grade
1904-S $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 |
|
$93,500 | $1,234 |
| MS67 | - | $78,000 | $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-S $1 XF45 PCGS. CDN: $520 Whsle. Bid for NGC/PCGS XF45. Mintage 2,304,000. ...
$610
1904-S $1 AU50 PCGS. CDN: $1,300 Whsle. Bid for NGC/PCGS AU50. Mintage 2,304,000....
$1,342
1904-S $1 AU53 NGC. CDN: $1,440 Whsle. Bid for NGC/PCGS AU53. Mintage 2,304,000. ...
$1,344
1904-S $1 AU55 PCGS. CDN: $1,850 Whsle. Bid for NGC/PCGS AU55. Mintage 2,304,000. ...
$2,135
1904-S $1 MS64 NGC. ...
$6,100
1904-S $1 -- Harshly Cleaned -- ANACS Details. XF40 Details. Mintage 2,304,000....
$220
1904-S $1 VF35 PCGS. CDN: $240 Whsle. Bid for NGC/PCGS VF35. Mintage 2,304,000. ...
$234
1904-S $1 MS62 PCGS. VAM-4....
$4,080
1904-S $1 MS65 PCGS. VAM-4. Most of the design elements are fully detailed, although the hair strands over the ear and the ...
$8,100
1904-S $1 MS63 PCGS....
$5,280
1904-S $1 VF25 PCGS. Mintage 2,304,000. ...
$159
1904-S $1 AU58 NGC. Mintage 2,304,000. ...
$2,461
1904-S $1 Fine 12 PCGS. Mintage 2,304,000. ...
$74
1904-S $1 VG10 NGC. NGC Census: (60/3157). Mintage 2,304,000. ...
$89
1904-S $1 VF20 CACG. Mintage 2,304,000....
$144
1904-S $1 VF30 PCGS. Mintage 2,304,000. ...
$174
1904-S $1 Fine 15 PCGS. Mintage 2,304,000. ...
$84
1904-S $1 MS66 PCGS....
$22,800
1904-S $1 MS61 NGC....
$3,240
$1 1904-S PCGS MS67 CAC
$70,500
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