Morgan Silver Dollar 1878 Value Guide

The 1878 Morgan Silver Dollar marks the historic first year of George T. Morgan's iconic design, authorized by the Bland-Allison Act to revitalize American silver coinage. As a cornerstone of US numismatics, this coin features a distinctive profile of Lady Liberty and remains a highly sought-after piece for collectors of 19th-century currency.

What affects the value of Morgan Silver Dollar 1878?

• The specific mint mark (CC, S, or no mark for Philadelphia) significantly impacts the $150-$180 price range.
• The number of tail feathers on the reverse eagle, with 8-feather versions often commanding different premiums.
• Overall strike quality and the level of wear on Lady Liberty's hair and the eagle's breast feathers.
• Presence of original luster versus signs of cleaning or environmental damage.

How to Identify Morgan Silver Dollar 1878?

• Look for the '1878' date on the obverse, indicating the inaugural year of the series.
• Verify the George T. Morgan design featuring Lady Liberty on the obverse and an eagle with outstretched wings on the reverse.
• Check for specific 1878 variations, such as the number of tail feathers on the eagle (8, 7, or 7 over 8).
• Confirm the composition of 90% silver and 10% copper, weighing approximately 26.73 grams.

History of Morgan Silver Dollar 1878

The Morgan Silver Dollar, minted from 1878 to 1904 and briefly in 1921, was created following the Bland-Allison Act, which required the U.S. Treasury to purchase and coin large amounts of silver. This 1878 coin represents the first year of issue for the series. The coin's design, featuring Lady Liberty on the obverse and an eagle on the reverse, quickly became one of the most popular and recognized American coins, marking a significant period of silver coinage in U.S. monetary history.