While plentiful in the lower circulated grades, the 1904-S is a considerable scarcity even in the better circulated grades of XF and AU. In the uncirculated grades, small supplies are known in the MS60-64 range. However, in the Gem levels of MS65 or higher this issue is for all intents and purposes a rarity. PLs are extremely scarce and DMPLs are exceedingly rare. The Morgan dollars of 1904 marked the last year of production for this series until 1921.
| coinage-type | Morgan silver dollar |
| desg | MS |
| designer | George T. Morgan |
| diameter | 38.1 |
| edge | Reeded |
| fineness | 0.9 |
| material | 90% silver; 10% copper |
| mint-mark | S |
| mintage | 2,304,000 |
| ngc-id | 256W |
| obverse-description | Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom. |
| pcgs-link | 7294 |
| pcgs-number | 7294 |
| reverse-description | The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR. |
| weight-grams | 26.73 |
| weight-ounces | 0.943 |
| year-display | 1878-1921 |