The 1904 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
Specifications
Type: Morgan Silver Dollar
Year: 1904
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $58.71
The US minted the 1904 silver dollar with no mint mark and also the 1904 O silver dollar and 1904 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.
| Series |
Location |
Quantity Minted |
| 1904 |
Philadelphia |
2,788,000 |
| 1904 O |
New Orleans |
3,720,000 |
| 1904 S |
San Francisco |
2,304,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $58.71. This melt value is calculated from the current silver spot price of $75.90 per ounce.
The 1904 silver dollar with no mint mark is worth around $49 in very fine condition. In extremely fine condition the value is around $55. In uncirculated condition the price is around $190 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $2,000.
The 1904 O silver dollar is worth around $49 in very fine condition. In extremely fine condition the value is around $50. In uncirculated condition the price is around $70 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $190.
The 1904 S silver dollar is worth around $170 in very fine condition. In extremely fine condition the value is around $500. In uncirculated condition the price is around $4,000 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $8,000.
Proof coins with no mint mark are available and they are each valued at around $3,700 in PR 63 condition. There were only 650 proof coins minted.
Grading System
Very fine- Two thirds of Liberty's hair lines from above her forehead to her ear are visible.
Extremely fine- Liberty's hair lines and ear look strong.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
Sources:
The Red Book
See also:
1903 Silver Dollar
1902 Silver Dollar
1901 Silver Dollar