The 1904-S Morgan is a pretty rare coin (relatively) in higher grades. There are only 481 graded MS64 at PCGS, which is tiny when compared to more common dates like the 1904-O in MS64 (65,869 as of Oct 2026). What I found when researching these is that white examples carry a significant premium in the market. Most MS64s have toning and are unsightly. I love the fact this is 99% white if you see the tiny amount of toning on obverse bottom near date. Overall an excellent piece. I think it would have CAC stickered if not for the reed marks on the cheek. To be honest, I haven't tried it yet.