- 1878 Morgan Silver Dollar
- 1878 Silver Dollar Value No Mint Mark
- 1878 Silver Dollar Value Lady Liberty
- 1878 Silver Dollar Worth Anything
- 1878 Silver Dollar Value Uncirculated
- 1878 Silver Dollar Value's Mint Mark
- 1878 Silver Dollar Value
Few coins hold the allure of the Morgan Silver Dollar, yet few know that the first 1878 issues were minted with a mistake. Although Mint Engraver George T. Morgan's design featured the customary number of tail feathers (seven) on the eagle reverse, something mysterious happened shortly after mintage began - somehow the eagle had gained an extra tail feather for a total of eight. USA Coin Book Estimated Value of 1878 Morgan Silver Dollar (8 Tail Feathers Variety) is Worth $55 in Average Condition and can be Worth $177 to $1,638 or more in Uncirculated (MS+) Mint Condition. Proof Coins can be Worth $3,694 or more. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. The silver melt value for this coin is $21.17 as of February 06, 2021. This melt value is calculated from the current silver spot price of $26.89 per ounce. The 1878 trade dollar proof coin with no mint mark is worth around $1,500 in extremely fine condition. USA Coin Book Estimated Value of 1878-S Morgan Silver Dollar is Worth $45 in Average Condition and can be Worth $75 to $349 or more in Uncirculated (MS+) Mint Condition. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. The Melt Value shown below is how Valuable the Coin's Metal is Worth (bare.
Coin Info
1878 Silver Dollar Value No Mint Mark
The 1878 Morgan Silver Dollar features a likeness of Miss Liberty on the obverse and an American bald eagle on the reverse. While Morgan Silver Dollars are technically called Liberty Head silver dollars, they are more widely known by their namesake designer, George T. Morgan. 1878, the first year of the Morgan Silver Dollar series, features a wide array of varieties, many of which are based on the number of tail feathers seen on the eagle.
The 1878 Morgan Silver Dollar was produced in three mints: Philadelphia, San Francisco, and Carson City. The most valuable 1878 Morgan Silver Dollar carries the 'CC' mintmark used by the Carson City Mint. It always carries a premium value because of very low production, making it the rarest 1878 Morgan Dollar. The San Francisco Mint used an 'S'. The main mint in Philadelphia did not use a mintmark.
1878 Morgan Silver Dollar Mintage Figures
- 1878, 8 Feathers: 749,500; $40+
- 1878, 7 Feathers: 9,759,300 (all types); values indicated below
- 1878, 7 Over 8 Clear Double Feathers: $35+
- 1878, 7 Feathers 2nd Reverse: $35+
- 1878, 7 Feathers 3rd Reverse: $35+
- 1878 CC: 2,212,000; $150+
- 1878-S: 9,774,000; $35+
- 1878, 8 Feathers Proof: 500; $4,000+
- 1878, 7 Feathers Proof: 250 (all types); values indicated below
- 1878, 7 Feathers, 2nd Reverse Proof: $3,500+
- 1878, 7 Feathers, 3rd Reverse Proof : $16,000+
It is important to remember when evaluating the overall value and scarcity of any 1878 Morgan Silver Dollar that millions of these coins were melted during the early 20th century and again during the silver boom of the late 1970s and early 1980s. Therefore, you cannot assume the currently existing population for a given date is close to its original mintage figure. For, in many cases, the mintage numbers often grossly misrepresent on the positive side the actual current population of 1878 Morgan Silver Dollars.
Other Years From This Coin Series
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The 1878 trade dollars have value as numismatic coins. Keep reading to learn more about these silver coins.
Specifications
Type: Trade Dollar
Year: 1878
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .7874 oz
Total Weight: 27.22 grams
Current Silver Bullion Value: $21.45
The trade dollar was made for circulation in Asia. It was made in order to compete with other dollar coins from different countries. Many of the coins that circulated throughout Asia have Oriental markings on them, referred to as chop marks. Trade dollars were legal tender in the United States.
1878 Silver Dollar Value Lady Liberty
The US minted the 1878 trade dollar with no mint mark as a proof coin, and also the 1878 CC trade dollar and 1878 S trade dollar. The mint mark, when present, can be found on the reverse side of the coin above the letter D in the word 'DOLLAR'.
| Series | Location | Quantity Minted |
|---|---|---|
| 1878 Proof | Philadelphia | 900 |
| 1878 CC | Carson City | 97,000 |
| 1878 S | San Francisco | 4,162,000 |
1878 Silver Dollar Worth Anything
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.45 as of February 09, 2021. This melt value is calculated from the current silver spot price of $27.24 per ounce.
The 1878 trade dollar proof coin with no mint mark is worth around $1,500 in extremely fine condition. In uncirculated condition the price is around $3,000 for coins with a PR 63 grade.
The 1878 CC trade dollar is worth around $700 in very good condition. In very fine condition the value is around $1,675. In extremely fine condition the value is around $3,750. In uncirculated condition the price is around $13,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $35,000.
Lastly the 1878 S trade dollar is worth around $165 in very good condition. In very fine condition the value is around $200 and in extremely fine condition the value rises to around $275. In uncirculated condition the price is around $800 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $1,450.
Click here to search for 1878 trade dollars on Amazon.
Grading System
Very good- Roughly half of the mottos 'IN GOD WE TRUST' and 'E PLURIBUS UNUM' are legible. The rims of the coin are distinct.
Very fine- Most of the details on Liberty's dress are visible. Most of the details on the wheat sheaf are intact.
Extremely fine- Both Liberty and the mottos look sharp. There is a small amount of wear on the rims.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
1878 Silver Dollar Value Uncirculated
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
Sources:
1878 Silver Dollar Value's Mint Mark
1878 Morgan Silver Dollar Mintage Figures
- 1878, 8 Feathers: 749,500; $40+
- 1878, 7 Feathers: 9,759,300 (all types); values indicated below
- 1878, 7 Over 8 Clear Double Feathers: $35+
- 1878, 7 Feathers 2nd Reverse: $35+
- 1878, 7 Feathers 3rd Reverse: $35+
- 1878 CC: 2,212,000; $150+
- 1878-S: 9,774,000; $35+
- 1878, 8 Feathers Proof: 500; $4,000+
- 1878, 7 Feathers Proof: 250 (all types); values indicated below
- 1878, 7 Feathers, 2nd Reverse Proof: $3,500+
- 1878, 7 Feathers, 3rd Reverse Proof : $16,000+
It is important to remember when evaluating the overall value and scarcity of any 1878 Morgan Silver Dollar that millions of these coins were melted during the early 20th century and again during the silver boom of the late 1970s and early 1980s. Therefore, you cannot assume the currently existing population for a given date is close to its original mintage figure. For, in many cases, the mintage numbers often grossly misrepresent on the positive side the actual current population of 1878 Morgan Silver Dollars.
Other Years From This Coin Series
Latest Blog Posts
Latest Blog Posts
The 1878 trade dollars have value as numismatic coins. Keep reading to learn more about these silver coins.
Specifications
Type: Trade Dollar
Year: 1878
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .7874 oz
Total Weight: 27.22 grams
Current Silver Bullion Value: $21.45
The trade dollar was made for circulation in Asia. It was made in order to compete with other dollar coins from different countries. Many of the coins that circulated throughout Asia have Oriental markings on them, referred to as chop marks. Trade dollars were legal tender in the United States.
1878 Silver Dollar Value Lady Liberty
The US minted the 1878 trade dollar with no mint mark as a proof coin, and also the 1878 CC trade dollar and 1878 S trade dollar. The mint mark, when present, can be found on the reverse side of the coin above the letter D in the word 'DOLLAR'.
| Series | Location | Quantity Minted |
|---|---|---|
| 1878 Proof | Philadelphia | 900 |
| 1878 CC | Carson City | 97,000 |
| 1878 S | San Francisco | 4,162,000 |
1878 Silver Dollar Worth Anything
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.45 as of February 09, 2021. This melt value is calculated from the current silver spot price of $27.24 per ounce.
The 1878 trade dollar proof coin with no mint mark is worth around $1,500 in extremely fine condition. In uncirculated condition the price is around $3,000 for coins with a PR 63 grade.
The 1878 CC trade dollar is worth around $700 in very good condition. In very fine condition the value is around $1,675. In extremely fine condition the value is around $3,750. In uncirculated condition the price is around $13,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $35,000.
Lastly the 1878 S trade dollar is worth around $165 in very good condition. In very fine condition the value is around $200 and in extremely fine condition the value rises to around $275. In uncirculated condition the price is around $800 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $1,450.
Click here to search for 1878 trade dollars on Amazon.
Grading System
Very good- Roughly half of the mottos 'IN GOD WE TRUST' and 'E PLURIBUS UNUM' are legible. The rims of the coin are distinct.
Very fine- Most of the details on Liberty's dress are visible. Most of the details on the wheat sheaf are intact.
Extremely fine- Both Liberty and the mottos look sharp. There is a small amount of wear on the rims.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
1878 Silver Dollar Value Uncirculated
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
Sources:
1878 Silver Dollar Value's Mint Mark
1878 Silver Dollar Value
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