1904 United States 1/2 Dollar Value
Expect a 1904 United States 1/2 Dollar to trade between about $10.02 and $108, driven almost entirely by grade, and its metal content alone is worth $10.02 as of 2026-06-01 Exceptional, certified pieces regularly exceed the top of that range.
Public domain image (struck or printed before 1926). Click to enlarge.
Melt estimated at the US 0.900 silver standard.
1904 United States 1/2 Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $10.02 |
| Good (G-4) | $10.02 to $12.02 |
| Very Good (VG-8) | $10.02 to $12.38 |
| Fine (F-12) | $10.02 to $12.99 |
| Very Fine (VF-20) | $10.02 to $13.83 |
| Extremely Fine (XF-40) | $11.07 to $15.63 |
| About Uncirculated (AU-50) | $13.63 to $19.24 |
| Mint State (MS-60) | $18.74 to $26.45 |
| Choice Unc (MS-63) | $29.81 to $42.08 |
| Gem Unc (MS-65) | $76.65 to $108 |
Estimated retail range, updated 2026-06-13. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
What is a 1904 United States 1/2 Dollar worth right now?
At the entry level, well-worn examples bring about $10.02. The same coin in gem uncirculated condition is a $108 coin. Grade is everything: two examples of the 1904 United States 1/2 Dollar can differ in price by an order of magnitude based purely on preservation.
1904 United States 1/2 Dollar specifications
- Series
- United States Coinage
- Year
- 1904
- Mint mark
- None (Philadelphia)
- Mintage
- Not recorded
- Composition
- Silver
- Weight
- 9.487 g
- Diameter
- 30.5 mm
- Silver content
- 0.27451 troy oz
Why this coin has no mint mark
No mint mark is the mark here: the 1904 United States 1/2 Dollar comes from the main Philadelphia Mint, which left its coins unlettered in this era. The position where branch mints placed their letter (varies by series) is simply blank.
What makes the 1904 United States 1/2 Dollar valuable
For the 1904 United States 1/2 Dollar, surviving examples tell the story that mint records do not. Museum-documented specimens define the issue for collectors.
Every 1904 United States 1/2 Dollar contains 0.2745 troy ounces of pure silver, currently worth $10.02. That intrinsic value is a hard floor under the price: no matter how worn the coin, the silver inside cannot be graded away.
Context adds the final layer to the 1904 United States 1/2 Dollar. Documented United States coin types preserved in museum collections, with measured specifications for each date, denomination and mint. Owning this date means owning a piece of that story, and demand for the series as a whole sustains liquidity for every issue in it.
1904 United States 1/2 Dollar inscriptions & design
Obverse
LOUSIANA GOLD 1/2
Liberty head r.
Reverse
1904
date flanking flur-dis-lis
Measured 1904 United States 1/2 Dollar specimens
5 physically measured 1904 United States 1/2 Dollar examples in our reference database. Real measured weights and die axes let you authenticate a coin against the 9.487 g, 30.5 mm minting standard.
| Specimen | Weight | Diameter | Die axis | References |
|---|---|---|---|---|
| 1904 United States 1/2 Dollar #1 | - | - | - | - |
| 1904 United States 1/2 Dollar #2 | - | - | - | Breen.5087 |
| 1904 United States 1/2 Dollar #3 | - | - | - | Breen.5088 |
| 1904 United States 1/2 Dollar #4 | - | - | - | Breen.5087 |
| 1904 United States 1/2 Dollar #5 | 9.487 g | 30.5 mm | 6 h | - |
Specifications compiled from documented museum specimens. See our data & methodology page.
Summary: the 1904 United States 1/2 Dollar is valued between $10.02 and $108 as of 2026-06-13. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.