The monetary evaluation of a United States commemorative coin minted in 2004, composed of silver and bearing the denomination of one dollar, is contingent upon several factors. These include its condition, mintage figures, silver content, and prevailing market demand. Examples in pristine, uncirculated condition, or those designated as proof specimens, typically command higher valuations than circulated coins exhibiting wear and tear.
Understanding the factors influencing valuation provides essential context for numismatists and investors. The intrinsic metal value, calculated based on the current spot price of silver, forms a foundational element. However, scarcity, historical significance, and collector interest significantly amplify or diminish its worth. Analyzing past auction records and price guides offers insights into potential appreciation or depreciation trends over time.