Numismatic

1904-O Morgan Dollar VG/VF

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The 1904 Morgan silver dollar represents a fascinating moment in American currency history, minted at the historic New Orleans facility. Carrying the 'O' mint mark, this coin is composed of 90 percent silver, containing 0.7734 troy ounces of the precious metal. A total of 3,720,000 of these dollars were struck in New Orleans during this specific production run, contributing to a broader series that saw active use in commerce for roughly eight decades. The design features a classic representation of Liberty on the obverse, wearing a Phrygian cap with a band displaying her name. Surrounding her portrait are thirteen stars, the year 1904, and the Latin motto 'E Pluribus Unum'. On the reverse, a bald eagle clutches both an olive branch and arrows, symbolizing peace and readiness. This side of the coin also displays the national motto 'In God We Trust' alongside the country's name and the 'One Dollar' denomination. What makes the 1904-O dollars particularly intriguing to history enthusiasts is their journey through time. Many of these coins remained hidden away in government vaults for decades. Portions of the mintage were eventually distributed to the public from Treasury Building storage in Washington, D.C., starting in the 1930s, while another group was released from the Philadelphia Mint's storage vaults in October 1962, sparking renewed interest in these historic silver pieces.