1904 Morgan Dollar
Base
About This Coin
The 1904 Morgan Dollar is a United States dollar from the Morgan Dollars 1878-1921 series — a late issue, 27th of 28 years in the series. In 1904, coins were struck at the New Orleans, San Francisco, and Philadelphia Mints with a combined mintage of 8.8 million. This ranks 5th of 28 years by total mintage, below the series median of 28.0 million. The obverse features Liberty facing left wearing a Phrygian cap adorned with wheat and cotton, encircled by stars and the reverse displays an eagle with outstretched wings clutching an olive branch and arrows, surrounded by a wreath. The last year of the original Morgan Dollar run before the series was briefly revived in 1921. Weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Collectors have cataloged 120 known die varieties for this date across 4 categories, including doubled die obverse, doubled die reverse, repunched mint mark and 1 other types. Produced 9 years after the celebrated 1895 key date. Across its variants, estimated values range from $87 to $9.4K depending on mint mark, grade, and strike type. A notable auction result reached $52K in PR67CA grade at Heritage Auctions. Designed by George T. Morgan.
Value Estimates
Values as of May 2026 — range across all strike types, reflecting typical grades (G-4 through MS-63). Coins in lower or exceptional grades may fall outside this range.
