1904-O Morgan Dollar
Guidelines for Collecting:
The 1904-O dollar coinage represents the last production of this denomination at the New Orleans Mint. After a few hundred thousand were released, the rest went into storage until 1929, when about 10 million of various dates were transferred to a vault in the Philadelphia Mint. Today, the 1904-O is the most plentiful of the former New Orleans Mint rarities—1898-O, 1903-O, and 1904-O—that launched the Treasury release of 1962. The dollars are usually very brilliant and attractive. Strike quality varies from average to below average, but specimens with sharp strikes can be found with some searching.
Availability in Circulated Grades:
Always available in EF and AU though few collectors choose this route because of the common and affordable nature of the date in grades such as choice and gem Uncirculated.
Availability in Mint State Grades:
All Mint State grades up to and including gem are readily available to today’s collectors, a far cry from a century ago when the date was considered very rare in Mint State. MS-64 and MS-65 are grades we recommend, but be sure to find one with solid central details.
Availability in Proof:
None produced.
The example to the left was sold by Stack's Bowers Galleries in the November 2021 Baltimore Auction, where it realized $3,360.
1904-O Morgan Dollar Auction Highlights
 NGC MS-67+ PL Sold for $6,900 View Lot 2102 |  NGC MS-67 PL, CAC Sold for $3,525 View Lot 4256 |  PCGS MS-67 Sold for $3,360 View Lot 91779 |
