1904-O Morgan Silver Dollar Value Guide

The 1904-O Morgan Silver Dollar represents the final year of the original production run at the historic New Orleans Mint. This specific example, graded MS 64 by NGC, is a highly collectible piece of American history that captures the industrial spirit of the early 20th century.

What Is 1904-O Morgan Silver Dollar Worth?

The typical price range for 1904-O Morgan Silver Dollar is $100 - $120 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• The NGC MS 64 grade significantly stabilizes the market value between $100 and $120.
• Surface preservation and the absence of distracting bag marks on Liberty's cheek affect eye appeal.
• The presence of original mint luster versus secondary toning can influence final sale prices.
• Historical demand for the 1904-O as the final New Orleans issue in the original series.

How to Identify 1904-O Morgan Silver Dollar?

• Locate the 'O' mint mark on the reverse side, positioned just above the 'DO' in 'DOLLAR'.
• Verify the NGC certification number on the slab to confirm the MS 64 grade and authenticity.
• Examine the coin for the signature of designer George T. Morgan, found on the truncation of Liberty's neck.
• Check for the characteristic luster and sharp strike typical of high-grade 1904 New Orleans strikes.

History of 1904-O Morgan Silver Dollar

The Morgan Dollar is a classic American silver dollar named after its designer, George T. Morgan. It was minted from 1878 to 1904, and then again in 1921. The coin's production was initially driven by the Bland-Allison Act, which required the U.S. Treasury to purchase a large amount of silver to be coined into dollars. These coins are highly sought after by collectors due to their intricate design and historical significance, representing a pivotal era in American westward expansion and industrial growth. The 'O' mint mark indicates it was minted in New Orleans.