1904-S Morgan Silver Dollar. MS-64 (PCGS). CAC.Subtle notions of champagne-gold and honey accent the borders on each side of this wonderful near-Gem, complementing otherwise snowy-white surfaces. The luster is heavily frosty throughout, remaining fully undisturbed even across the highest points. Well struck for the issue and truly Choice for the assigned grade.<p>The 1904-S is one of the most elusive Morgan dollars in all grades, as much of the mintage of 2,304,000 pieces was likely melted pursuant to the terms of the 1918 Pittman Act. Release of coins from federal storage was limited and came to an end during the 1950s, there being none in the Treasury Department releases of 1962 to 1964.