1878 S Morgan Dollar
The 1878-S Morgan Silver Dollar was minted at the San Francisco Mint. It’s believed that up to 5 or 6 million of the original minted 1878-S Morgan Dollars were stored at the San Francisco Mint with plans for them to paid out of the next decades. Large quantities were released in the 1950s and Mint State 1878-S Morgan Silver Dollars were extremely common to find.
AUCTION RECORD: $35,938 • MS68
Image source: PCGS
History of the 1878-S Morgan Silver Dollar
Although the 1878 Morgan Dollar with 8 tail feathers on the eagle was an error and revised within the same year to only have 7 feathers, some believed that there was an 8-feathers 1878-S Morgan Dollar mintage that existed. Due to this belief, many collectors had that 8 feather coin on their want list for the next half-century.
The majority of the 1878-S Morgan silver dollars remain in Mint state. They typically have excellent luster and are well struck. Many of the coins, however, are heavily bagmarked.
1878 Morgan Silver Dollar Value
The 1878-S Morgan Silver Dollar value varies. This is a popular early Morgan dollar from the San Francisco Mint and can bring in upwards of $35,000 or more. There are many uncirculated 1878-S Morgan Dollars on the market, and these coins would make a great addition to any collection.
Type of coin: Silver Dollar
Year: 1878-S Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: San Francisco
Total mintage: 9,774,000
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 is the historical significance of the 1878 Morgan Silver Dollar?
The 1878 Morgan Silver Dollar marks the first year of the Morgan Silver Dollar series, which is highly regarded among collectors for its beauty and historical importance. The series is named after its designer, George T. Morgan.
How does the mint mark affect the 1878 Morgan Silver Dollar value?
The mint mark on a 1878 Morgan Silver Dollar (e.g., "S" for San Francisco, "CC" for Carson City, or no mark for Philadelphia) can significantly affect its value. The "S" mint mark coins are sought after, but the "CC" marked coins often carry a premium due to their lower mintage and historical allure.
What is the average value of a 1878-S Morgan Silver Dollar in circulated condition?
The value of a 1878-S Morgan Silver Dollar in circulated condition typically ranges from $30 to $50, depending on the coin's specific grade and the silver market.
How much is a 1878-S Morgan Silver Dollar worth in uncirculated condition?
A 1878-S Morgan Silver Dollar in uncirculated condition can be worth significantly more, ranging from $100 to several hundred dollars, with pristine examples fetching even higher prices.
Are there any rare varieties of the 1878 Morgan Silver Dollar that impact its value?
Yes, there are several varieties of the 1878 Morgan Silver Dollar, including the 8 Tail Feathers, 7 Tail Feathers, and 7/8 Tail Feathers varieties. The 8 Tail Feathers variant is particularly notable for its rarity and can increase the coin's value.
What factors influence the Morgan Silver Dollar value for an 1878-S edition?
Factors influencing the value include the coin's condition, the presence of any rare varieties, the current silver market, and collector demand. Higher grades and recognized varieties like the 7/8 Tail Feathers can command higher prices.
Where can I sell my 1878-S Morgan Silver Dollar?
You can sell your 1878-S Morgan Silver Dollar to reputable coin dealers, at numismatic shows, through online auctions, or to other collectors. Ensure you have a good understanding of its value and condition before selling.
Can cleaning a 1878-S Morgan Silver Dollar affect its value?
Yes, cleaning a 1878-S Morgan Silver Dollar can significantly decrease its value. Collectors prefer coins in their original, unaltered condition, as cleaning can damage the surface and reduce the coin's numismatic appeal.
How should I store my 1878-S Morgan Silver Dollar to maintain its value?
Store your 1878-S Morgan Silver Dollar in a cool, dry place, ideally in a protective holder or case that minimizes handling and exposure to environmental factors. Proper storage helps preserve the coin's condition and value.
What is the silver content of a 1878-S Morgan Silver Dollar, and how does it impact its value?
The 1878-S Morgan Silver Dollar contains 0.7734 troy ounces of silver. While the intrinsic silver value provides a base price, collector interest in the coin's historical significance, condition, and mint mark can elevate its value well above the metal content.
Learn more about 1878 Morgan Silver Dollar (7 Feathers), 1878-CC Morgan Silver Dollar, 1878 Morgan Silver Dollar (8 Feathers), 1879 Morgan Silver Dollar, 1879-CC Morgan Silver Dollar,1879-O Morgan Silver Dollar, 1879-S Morgan Silver Dollar.