The monetary worth of a United States silver dollar coin struck in 1904 is not fixed; its valuation fluctuates based on several key elements. Condition is paramount, with pristine, uncirculated examples commanding substantially higher premiums than those showing wear. Furthermore, the specific mint mark (or absence thereof) indicating where the coin was produced Philadelphia, New Orleans, or San Francisco also has a significant bearing on its collectibility and ultimate market price.
These turn-of-the-century coins hold inherent worth due to their composition, containing approximately 90% silver. This precious metal content gives them a base “melt” value that rises and falls with prevailing silver prices. However, their numismatic value, driven by rarity, condition, and collector demand, often far exceeds this intrinsic metal worth. These coins connect owners to an important period in American history, showcasing a tangible piece of the nation’s economic past and the artistic design of the era.