The 1904 Silver Dollar coin is a piece of American history, and its value can vary depending on several factors. Whether you have a coin with an “O” mintmark, “S”, or no mintmark at all, its worth is influenced by the rarity, condition, and errors associated with the coin. Understanding these factors is key to determining the true value of a 1904 Silver Dollar.
1904 Silver Dollar Coin: Key Features
The 1904 Silver Dollar is part of the popular Morgan Silver Dollar series. These coins were struck in 90% silver and have been treasured by collectors for decades. Their value is largely determined by several factors such as the mintmark, the coin’s condition, and whether it contains any errors.
The Significance of the Mint Mark
The mintmark is an important part of a coin’s identification. For the 1904 Silver Dollar, there are three possible types of mintmarks:
- “O” Mintmark – Minted in New Orleans.
- “S” Mintmark – Minted in San Francisco.
- No Mint Mark – These coins were minted in Philadelphia.
Each type of mintmark adds a layer of significance to the coin, which can impact its value.
Condition Matters for Value
The condition of the 1904 Silver Dollar coin plays a significant role in determining its worth. Coins are graded based on a scale from Poor to Mint State. The better the condition, the higher the value. Common grades for the 1904 Silver Dollar range from Good to MS-65 (Mint State).
- Good Condition (G) – Coins with worn details, scratches, or damage.
- Very Fine (VF) – Shows clear design but with some wear.
- Uncirculated (UNC) – Mint condition with no signs of wear.
- MS-65 – An exceptional coin with minimal imperfections, highly sought after by collectors.
Errors That Can Increase Value
The 1904 Silver Dollar may also contain errors that could increase its value. Errors can happen during the minting process, leading to unique coins. Some of the most valuable errors include:
- Die Cracks – Visible cracks on the die that imprint on the coin.
- Off-Center Strikes – When the coin is struck off-center, creating a unique appearance.
- Double Dies – The design is doubled, creating a noticeable error.
These errors are highly collectible and can greatly increase the value of the coin.
1904 Silver Dollar Coin Value by Mintmark
The value of a 1904 Silver Dollar can vary depending on the mintmark. Let’s break down the general value for each mintmark:
1904 “O” Silver Dollar Value
The New Orleans Mint produced a small number of coins in 1904, and as a result, the “O” mintmark is one of the rarer types for this year. Coins with an “O” mintmark are generally worth more than those without one, especially if they are in good condition or have error types.
- Good Condition – $30 to $50
- Uncirculated Condition – $100 to $150
- Mint State Condition (MS-65) – $400 to $500
1904 “S” Silver Dollar Value
The San Francisco Mint produced a higher number of Silver Dollars in 1904. As such, the “S” mintmark coins are less rare than the “O” mintmark versions, but they still hold significant value, especially in higher grades.
- Good Condition – $25 to $45
- Uncirculated Condition – $75 to $120
- Mint State Condition (MS-65) – $250 to $350
1904 No Mint Mark Silver Dollar Value
Coins minted in Philadelphia, with no mintmark, are typically more common than those with a mintmark. However, they still hold value due to their silver content and their place in history.
- Good Condition – $20 to $35
- Uncirculated Condition – $50 to $80
- Mint State Condition (MS-65) – $250 to $300
Factors Affecting the Value of the 1904 Silver Dollar Coin
There are several factors to consider when determining the value of your 1904 Silver Dollar. Here are some key points that could affect its worth:
- Rarity – Fewer coins were minted with certain mintmarks.
- Condition – A coin in Mint State condition will fetch a higher price.
- Errors – Certain minting errors can make the coin much more valuable.
- Demand – Popularity among collectors can drive prices up.
How to Sell or Buy a 1904 Silver Dollar Coin
If you’re looking to buy or sell a 1904 Silver Dollar, there are several options available. You can approach:
- Coin Shops – Local or online coin dealers may buy and sell the 1904 Silver Dollar.
- Auctions – Coins in exceptional condition or with rare errors may be sold at auction.
- Online Marketplaces – Websites like eBay offer a platform to buy and sell coins, with the benefit of seeing current market trends.
FAQs
1. What is the value of a 1904 Silver Dollar without a mintmark?
A 1904 Silver Dollar with no mintmark, typically minted in Philadelphia, can range from $20 to $300, depending on its condition.
2. How can I tell if my 1904 Silver Dollar is valuable?
The value depends on the mintmark (O, S, or none), the coin’s condition, and whether it has any rare errors, such as die cracks or double strikes.
3. Why is the 1904 “O” mintmark Silver Dollar more valuable?
The “O” mintmark indicates that the coin was minted in New Orleans, where fewer coins were produced, making them rarer and more valuable.
4. How does the condition affect the price of my 1904 Silver Dollar?
Coins in better condition, such as those graded as Mint State (MS-65), are worth significantly more than coins in poor condition.
5. Can errors on a 1904 Silver Dollar increase its value?
Yes, coins with minting errors like off-center strikes or double dies are highly sought after by collectors and can increase the coin’s value.