Ungraded vs MS66 1904 S Morgan Dollar: price difference
1904 S Morgan Dollar value — Ungraded $109 vs MS66 $26684. MS66 sells for 244.81× Ungraded (+24381%). Prices updated August 2026.
Medians of real sold listings per grade, updated August 2026 — how we compute values.
MS66 sells for 244.81× (+24381%) the Ungraded price — a $26,575 difference per coin.
MS62 sells for 38.22× (+3722%) the Ungraded price — a $4,057 difference per coin.
Should you get this coin graded?
Grading runs about $30 per coin all-in. On 1904 S Morgan Dollar, the jump from Ungraded to MS66 is worth $26,575 (244.81×) — if your copy grades at the top, that premium can cover the fee. A grade below the top one changes the math, so run your exact numbers first.
Run the grading break-even math →Values are estimates from real sales data — not appraisals or offers. Some links earn JunkPal a commission at no cost to you (disclosure).