AboutMyCoin1904-O Morgan Dollar in VF20
A 1904-O Morgan dollar graded VF20 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and VF20 is what a grader called the surface that survived. What that looks like on this coin is below. The nearest grade of this date this site does have a researched figure for is Very Good (VG-8), at $82 to $100, from sales and public data.
What VF20 means
A 1904-O Morgan dollar in Very Fine (VF-20) shows clear detail across the whole design with wear on the raised areas alone: the hair above Liberty’s ear and the cotton bolls in her cap are flattened but still separated from one another, the eagle’s breast feathers and the tops of its wings keep most of their major detail, and LIBERTY on the headband, E PLURIBUS UNUM and the date are sharp.
A slab, a dealer’s list or a price guide may write this grade VF-20. They are the same grade and the same 1904-O Morgan dollar.
Where this grade sits
The grades a 1904-O Morgan dollar is given run from PO1 to MS70. One step up from VF20 is Very Fine (VF-25). In general terms, the higher the grade the more the coin is worth.
A blank in the value column is a grade this site has not researched, not a grade the coin is worth nothing in.
How to check this yourself
Sold listings, not asking prices. The link below is already filtered to completed sales of a 1904-O Morgan dollar in VF20, which is the difference between what somebody paid and what somebody hoped for. Until this site has a researched figure for this grade, that search is the answer — take the middle of several recent sales rather than the highest.
The metal floor under it
$49.79
0.7734 troy oz silver × $64.38 per troy ounce
$64.38/ozt, based on spot prices at 23 September 2026 19:59 UTC
Whatever the market does, a 1904-O Morgan dollar cannot be worth less than the metal in it. That figure is what the premium for VF20 is measured against, and it moves with the metal price rather than with the coin market.
Where these figures come from
We gather publicly available data from several public sources including eBay, PCGS, NGC, Numista, USA Coin Book, PriceCharting, and others.
Not an appraisal. AboutMyCoin estimates from published specifications and does not authenticate or grade coins.
1904-O Morgan Dollar: every grade, the metal and the specification →