1904 $1, PL (Regular Strike)

Series: Morgan Dollars 1878-1921

PCGS MS65PL

View More Images

PCGS MS64+PL

PCGS MS64PL

PCGS #:: 7291

Designer:: George T. Morgan

Edge:: Reeded

Diameter:: 38.10 millimeters

Weight:: 26.73 grams

Mintage:: 2,788,000

Mint:: Philadelphia

Metal:: 90% Silver, 10% Copper

Auction Record:: $19,550 • MS65 • 10-27-2005 • Bowers & Merena

ShowHide Related Coins and Varieties (21)

Major Varieties

1904 $1
1904 $1, PL
1904 $1, DMPL

Die Varieties

Go To Grade

Price Guide (USD)

PCGS Population

Auctions - PCGS Graded

Auctions - NGC Graded

Current Auctions - PCGS Graded

Current Auctions - NGC Graded

For Sale Now at Collectors Corner - PCGS Graded

For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts' opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity By Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity By Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
All Grades	81	R-8.1	21 / 117 TIE	21 / 117 TIE
60 or Better	81	R-8.1	21 / 117 TIE	21 / 117 TIE
65 or Better	3	R-9.8	3 / 117 TIE	3 / 117 TIE

Survival Estimate
All Grades	81
60 or Better	81
65 or Better	3

Numismatic Rarity
All Grades	R-8.1
60 or Better	R-8.1
65 or Better	R-9.8

Relative Rarity By Type All Specs in this Type
All Grades	21 / 117 TIE
60 or Better	21 / 117 TIE
65 or Better	3 / 117 TIE

Relative Rarity By Series All Specs in this Series
All Grades	21 / 117 TIE
60 or Better	21 / 117 TIE
65 or Better	3 / 117 TIE

Condition Census What Is This?

Pos	Grade	Image	Pedigree and History
1	MS65PL PCGS grade
2	MS64PL PCGS grade
2	MS64PL PCGS grade
2	MS64PL PCGS grade
2	MS64PL PCGS grade
2	MS64PL PCGS grade
2	MS64PL PCGS grade
2	MS64PL PCGS grade
2	MS64PL PCGS grade
2	MS64PL PCGS grade

#1 MS65PL PCGS grade

#2 MS64PL PCGS grade

Ron Guth:

The 1904 Morgan Dollar presents a real challenge for the collector because of the general poor quality of the coins from this year. This defect has been known for decades (for example, in 1992, Dollar expert Dean Howe wrote: "...the 1904-P is among the worst coins produced at the Philadelphia Mint. Most 1904-P dollars have a subdued gray luster that is often dull and unattractive..."). Certainly, there are plenty of Mint State examples to go around (PCGS alone had certified over 4,000 Mint State 1904 Dollars as of April 2012). However, the real challenge is to find a nice-looking one.

Because of the poor quality of coins from this year, it should come as no surprise that Prooflike 1904 Dollars are very scarce. Even more rare are the Deep Mirror Prooflike versions, all of which are tremendous condition rarities.

The finest 1904 Dollars certified by PCGS (as of April 2012) include 15 PCGS MS66s, 1 PCGS MS65PL, and 1 PCGS MS65DMPL.