1904-P VAMs
| Mintage | 2,788,000 |
|---|---|
| Proof Mintage | 650 |
| Dies Used | not known |
| Rarity in PL | 8/10 (very rare) |
| Die Study | complete |
1904 Morgan dollars are considered to be a scarce date, marking the last few months of production of Morgan dollars in Philadelphia under the Sherman Act. The mint went out with a whimper, producing dull, lackluster coins with mediocre strikes that, tend to have rough surfaces -- a far cry from the high quality coins produced in 1903. Using PCGS population reports, the average grade of a 1904 is nearly a full point lower than the average 1903. Cherrypicking and patience are required to get a coin with good luster, strike, and eye appeal. Prooflikes are extremely rare and without contrast. Varieties are mostly uninteresting, with only some minor doubling observed and the spiked 1 on the date punch (VAMs 3, 4, 10).
Attribution Guide for 1904-P
Official VAM Listing
1904-P VAM-1 Two VAM-1s inside 
1904-P VAM-1B Die Gouge Eagle's Neck
1904-P VAM-2 Doubled 1-4
1904-P VAM-3 Spiked 1, Doubled 4 & Liberty Head, Doubled Reverse Lettering
1904-P VAM-3A Spiked 1, Doubled 4, Collar Clash 7-9 O'clock
1904-P VAM-4 Doubled 9-4, Spiked 1, Doubled Reverse Lettering
1904-P VAM-5 Doubled Profile & Ear, Die 1 and 2
1904-P VAM-5A Doubled Profile & Ear
1904-P VAM-6 Doubled Profile, Dies 1 (NOT KNOWN TO EXIST), 2 and 3
1904-P VAM-6A Doubled Profile, Pitted Obverse & Reverse (Formerly VAM-1A)
1904-P VAM-7 Doubled Reverse Legend
1904-P VAM-8 (PROOF)
1904-P VAM-9 Doubled Profile, Die 1 and 2
1904-P VAM-10 Doubled Profile, Cap Top, Hair Front, LIBERTY, Doubled Reverse Lettering
1904-P VAM-11 (Proof) Doubled Profile, Doubled Reverse Lettering
List of Past VAM Assignments
1904-P VAM-1A Pitted Reverse (Eliminated, became VAM-6A)
Legend:
Photos of diagnostics shown on page.
Full-coin photo of VAM.
VAM has been eliminated altogether or phased into another number.
No photos posted for this VAM.
This VAM is recognized by PCGS.
This VAM is recognized by NGC.
As ANACS, SEGS, ICG, and Variety Slabbing Service (VSS) recognize all VAMs currently in the official listings, no icon is shown for these services.
