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Nucoins Notes

Issue study

1904 Liberty Head gold across four denominations

The same date and portrait do not make four coins interchangeable. Denomination, mint, output, survival, and grade define four different markets.

Published 2026-08-18 · Updated 2026-08-18 · 8 minute read

01

One date, four different objects

In 1904, the Liberty Head design appeared on the $2.50 quarter eagle, $5 half eagle, $10 eagle, and $20 double eagle. The shared portrait can make the group feel uniform at first glance, but each denomination has its own diameter, weight, fine-gold content, production context, and collector base.

A useful comparison starts by keeping those denominations separate. The larger face value does not automatically make the coin scarcer, and a mintage comparison has meaning only within the correct issue and mint.

02

Mint attribution changes the question

The Philadelphia issues carry no mintmark, while branch-mint production must be identified from the correct location on the reverse. A 1904-S double eagle is not a variety of the Philadelphia coin; it is a separate issue with its own production and certification records.

Before consulting a price or population report, confirm denomination, mint, strike format, and holder attribution. The direct issue-specific census row should match all of them.

03

Build the comparison from exact records

Once the issue is established, compare the numerical grade, CAC status when applicable, population in grade, number graded higher, surface quality, and price. Then examine the photographs for strike, luster, color, marks, rim integrity, and holder information.

The most informative study is not a table of generic 1904 values. It is a comparison of exact coins whose photographs, item numbers, certifications, and specifications remain attached to each listing.

Nucoins Notes is educational. Third-party grades and population reports are opinions and service records of their named providers; this article is not investment advice or a prediction of future value.