1878 Morgan Dollar (7 Feathers)
The 1878 Morgan Silver Dollar with 7 Tail Feathers is the corrected version of the original 1878 Morgan Dollar that was minted with 8 feathers. There were a few different varieties of the 1878 Morgan Dollar with 7 feathers. There hasn’t been much interest in the different varieties, and many dealers don’t differentiate between the differences.
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AUCTION RECORD: $55,813 • MS67
Image Source: PCGS
History of the 1878 Morgan Silver Dollar (7 Feathers)
It is believed that the 1878 Morgan Dollar with 7 feathers was distributed over a longer period of time beginning at the time of striking. A group of bags came out of the Treasury in 1953, and the coins are often plentiful and common. Today, mint sealed bags are very rare and may not be in existence at all.
The second reverse variety of the 1878 Morgan Silver Dollar with 7 feathers is the most common of the varieties. This specimen typically has poor luster, but some have beautiful frosty surfaces. Bag marks can be prominent on this coin, making it difficult to find in gem condition.
1878 Morgan Dollar Value
How much is an 1878 Morgan Silver Dollar (7 Feathers) Worth?
The 1878 Morgan Silver Dollar value depends on the grade of the coin. Morgan silver dollar prices don’t always reflect their worth, but this specific Morgan dollar can bring in upwards of tens of thousands of dollars. The 1878 Morgan Silver Dollar with 7 feathers is relatively common and is often underrated with collectors.
Type of coin: Silver Dollar
Year: 1878 Morgan Silver Dollar 7 Tail Feathers
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 9,759,300
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 26.73 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What distinguishes the 1878 Morgan Silver Dollar with 7 tail feathers?
The 1878 Morgan Silver Dollar with 7 tail feathers is distinguished by its design modification from the original 8 tail feathers to 7, making it a subject of interest for collectors. This change was part of the Mint's efforts to refine the design shortly after the coin's initial release.
How does the 7 tail feathers variant affect the Morgan Silver Dollar value?
The Morgan Silver Dollar value for the 7 tail feathers variant can vary, but it is generally considered more common than the 8 tail feathers version. However, specific die varieties within the 7 tail feathers group, such as the 7/8 strong and 7/8 weak, can be more valuable.
What is the average value of a 1878 Morgan Silver Dollar with 7 tail feathers?
The average value of a 1878 Morgan Silver Dollar with 7 tail feathers in circulated condition typically ranges from $30 to $50. Uncirculated examples can command higher prices, especially those with higher MS grades.
Are there any rare die varieties of the 1878 Morgan Silver Dollar with 7 tail feathers?
Yes, there are rare die varieties of the 1878 Morgan Silver Dollar with 7 tail feathers, including the 7 over 8 feather varieties, which are highly sought after by collectors. These varieties can significantly increase the coin's value.
How can I identify a 1878 Morgan Silver Dollar with 7 tail feathers?
To identify a 1878 Morgan Silver Dollar with 7 tail feathers, examine the reverse side of the coin for the number of feathers in the eagle's tail. Additionally, look for the absence of a mint mark (Philadelphia) or the presence of a "CC" mint mark for Carson City minted coins.
What factors influence the value of a 1878 Morgan Silver Dollar with 7 tail feathers?
Factors influencing the value include the coin's condition, specific die variety, mint mark, and overall rarity. Coins in higher grades or with recognized varieties tend to have higher values.
Where is the best place to sell a 1878 Morgan Silver Dollar with 7 tail feathers?
The best places to sell include reputable coin dealers, numismatic auctions, coin shows, and online marketplaces. Ensure authenticity and consider getting the coin graded for the best value assessment.
How does the mint mark affect the 1878 Morgan Silver Dollar with 7 tail feathers value?
The mint mark can significantly affect value, with "CC" (Carson City) minted coins often being more valuable due to their lower mintage and popularity among collectors compared to those without a mint mark (Philadelphia).
Can cleaning a 1878 Morgan Silver Dollar with 7 tail feathers affect its value?
Yes, cleaning a Morgan Silver Dollar can negatively affect its value by damaging its surface and reducing its appeal to collectors. It's best to preserve the coin's original patina.
How should I store my 1878 Morgan Silver Dollar with 7 tail feathers to maintain its value?
Store your coin in a cool, dry place in a protective holder, such as an acid-free flip or airtight capsule, to protect it from environmental damage and preserve its condition.
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