1878 Morgan Silver Dollar
CoinTrackers.com has estimated the 1878 S Morgan Silver Dollar value at an average of $38, one in certified mint state (MS+) could be worth $300. (see details)...
How Much Morgan Silver Dollars are Worth: Morgan Silver Dollar Values & Coin Price Chart For Sale 1391 Auctions 37 Wishlist 27 Collection 2965 Early Silver Dollars (1878-1921). The 1878 Morgan silver dollar has a diameter of 38.1 mm and a mass of 26.73 grams. Compositionally, the coin is 90% silver and 10% copper. Valuing the 1878 Morgan Silver Dollar. 1878 CC MORGAN SILVER DOLLAR, MS 64, VAM 19A, I-3, R-7, EXCELLENT EXAMPLE. 4 bids Ending Feb 11 at 8:53PM PST 4d 22h. 1878 Morgan silver.
Type:Morgan Silver Dollar
Year:1878
Mint Mark: S
Face Value: 1.00 USD
Total Produced: 9,774,000 [?]
Silver Content: 90%
Silver Weight: .7735 oz.
Silver Melt: $21.05
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $38, while one in certified mint state (MS+) condition could bring as much as $300 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1878, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].
Additional Info: With nearly 10 million of the 1878 S Morgan Silver Dollars minted these are the 2nd most widely minted of the Morgans. With prices ranging from $30+ to $300+ dollars each these Silver Dollars are both affordable and a must have for any serious coin collector.
Numismatic vs Intrinsic Value:This coin in poor condition is still worth $16.95 more than the intrinsic value from silver content of $21.05, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.
Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.
Current silver melt value* for a 1878 S is $21.05 and this price is based off the current silver spot price of $27.22 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
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**When we say that 9,774,000, of these coins were produced or minted in 1878 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.
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***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value.Call or visit your local coin dealer for more information.
We use user submitted pictures please read that article if you are interested in adding your own.
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Early Silver Dollars
What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc.):
1878 Morgan Silver Dollar For Sale
There were multiple varieties of the 1878 Morgan Silver Dollar - 7 Tail Feather Type. These varieties deal only with the coins that had only 7 tail feathers on the eagle depicted on the reverse of the coin. The earlier version originally had 8 feathers before the number was reduced. One major variety is actually 7 feathers struck over 8 feathers (7/8 doubled tail feathers) - which resulted when the engraver was updating the die to strike 7 feathers over the original 8. The difference between the 7 vs 7/8 vs 8 tail feathers 1878 Morgan dollar is depicted above in the example comparison image.The reverse of 1878 is actually the earlier design which can be identified by noticing how the eagle had an unnaturally flat or concave breast. The easiest way to identify this variety is to look at the arrow feathers on the arrows that the eagle is holding in it's claw. The top feather is straight and parallel along with the rest of the arrows.
The later reverse of 1879 variety was changed to give the eagle a rounder and more convex breast appearance that looked more natural. Again the easiest way to identify the reverse of 1879 is to also look at the arrow feathers. Unlike the reverse of 1878 - the reverse of 1879 features a prominently slanted top feather on the arrow. The difference between the Reverse of 1878 vs Reverse of 1879 Morgan Silver Dollar is depicted below in the example comparison image with the features depicted by the arrows:
Major Varieties:
1878 Morgan Silver Dollar - 7 Over 8 (7/8) Doubled Tail Feathers
1878 Morgan Silver Dollar - 7 Tail Feathers - Reverse of 1878
1878 Morgan Silver Dollar - 7 Tail Feathers - Reverse of 1879
| Good (G-4) | Very Good (VG-8) | Fine (F-12) | Very Fine (VF-20) | Extremely Fine (EF-40) | About Uncirculated (AU-50) | Uncirculated (MS-60) | Uncirculated (MS-65) | Proof (PR-63) |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - |
1878 Morgan Silver Dollar Varieties
MELT VALUE: $21.171878 Morgan Silver Dollar Ebay
5 items found
- $39.55
- $75.00Seller: TaddsCoins
Certification Agency: ANACS
Certification Number: 5096967
Condition: AU-55 - $53.50
or Best Offer
Free ShippingSeller: stanc
Certification Agency: Other
Certification Number: RAW
Condition: AU-50 - $45.00
Free Shipping - Seller: 4X4mike
Condition: Seems to be in VF condition