PCGS: The Standard for the Rare Coin Industry

1904 $1, PL (Regular Strike)

Series: Morgan Dollars 1878-1921

PCGS MS65PL

PCGS MS65PL

PCGS MS64+PL

PCGS MS64+PL

PCGS MS64PL

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
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
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
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 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
MS65PL PCGS grade #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
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.