The 1904 Morgan Dollar would represent the last silver dollar issue for more than a decade. The stockpile of silver that the US Mint had acquired under the Sherman Silver Purchase Act was finally depleted, and there was little need to strike additional Morgan Dollars since there were immense hoards in storage.
This issue of the series had somewhat poor striking characteristics and luster, especially compared to the previous year. As a result, nice quality 1904 Morgan Dollars can be difficult to encounter and attractive gem quality coins command a premium.
The Philadelphia Mint struck 650 proof silver dollars this year, representing one of the lower totals for the series.
1904 Morgan Dollar Mintage and Specifications
- Mintage: 4,102,000
- Mint mark: S (San Francisco)
- Composition: 90% silver, 10% copper
- Weight: 26.73 grams
- Diameter: 38.1 mm