1878 Morgan Silver Dollar

The most frequently asked question about 1878 Morgan silver dollar is How much its value is. To find the answer of "how much is a 1878 Morgan silver dollar worth?" You need to see  at least two aspects which lead to the accurate calculation of the value of 1878 Morgan silver dollar

The first thing need to see is whether the 1878 Morgan dollar was circulated or uncirculated coin. Let's see the example, according to the Professional Coin Grading Service which we know as PCGS the value of circulated 1878 Morgan dollars minted for Philadelphia and San Francisco are at $18 to $26 per silver coin. Again PCGS said that the value of  1878 Morgan silver dollars minted for Carson City is at $100 per coin. This calculated value was made in 2009. In the other hand, still according to PCGS, the value uncirculated1878 Morgan silver dollars minted for Philadelphia and San Francisco are at level of $42 to $90 per silver coin and the uncirculated coins minted for Carson City Morgan are at $200 or more.

The second thing to consider is the 1878 Morgan silver dollar tail feathers. We all know that there was an occasional error of the tail of the eagle in the 1878 Morgan silver dollar. Still according to PGS, the eight tail feathers 1878 Morgan dollar has worth of $38 to $85 for circulated coin and $125 or more for the uncirculated silver coins. PCGS.

Actually the values for 1878 Morgan Dollar is related to the current price of silver. The silver price is provided in Troy ounces. For example, the spot price of silver was $32.68, on April 3, 2012 . When it is multiplied by the price for silver .7735, it will give you the rough value of the silver in a 1878 Morgan Dollar. This calculating way to the Morgan silver is commonly known as THE MELT VALUE. So on April 3, the melt value of Morgan silver dollar was considered of $25.28

However, in the coin market, we can assume that the value of dollar coin which is in poor condition will be considered as around $33. While the silver coin which is perfect condition can be valued in $55000. On September 28, 2012, the rounded silver value for the 1878 Morgan silver dollar is $26.6453. There is not fixed price for this old 1878 Morgan silver dollar value, so check to your trusty dealer is the best way to know the actual value of 1878 Morgan silver dollar.
Source of 1878 Morgan silver dollar value:
www.ehow.com
cointrackers.com
values.hobbizine.com
www.coinflation.com

What is a mint mark in Morgan silver dollar? Mint mark is the mark shows where the coin was minted.  The1878 Morgan silver dollar was struck at different mints. This mints indicate the coin factories which produced around the country in that time. Each mint factory put its mark on the Morgans with one or two letters on back side of the coin. The mint mark was always put in the same spot in the reverse of the coins.

What are the different mint marks of 1878 Morgan silver dollar? It is known well that when  the 1878 Morgan coin was minted in Carson City, it has mark CC in the reverse side of the coin. When the coin was minted in San Fransisco, the coin was marked by letter of S which stand for San Fransisco mintage. However there is an exception of the coin mint mark. When we found no mint mark in the reverse side of the coin, it means that the 1878 Morgan Silver coin was minted in Philadelphia

How many Morgan Silver Dollar were minted in 1878? Well, it may not be very accurate but In 1878, it was said that for about 10.5 million the Morgan silver dollars were minted in Philadelphia. For about other 9.7 million Morgan dollar were minted in San Francisco. And for about 2.2 million Morgan silver dollar were minted in Carson City, Nevada.

How much does the each different mint mark of Morgan silver dollar have the value? The three different mints of Morgan silver dollar; Philadelphia mintage, San Francisco mintage, and Carson City mintage have different value today. Many said that he highest value is those from the Carson City mint. So if you are a silver coin collector or just interested to start it your first job is checking for these mint marks. You can locate the mint marks on the reverse( back side of the coin) and determine whether your Morgan silver dollar has a "CC" or "S", or no mint mark  in the reverse above the letters DO in the word of DOLLAR.

1878 Morgan silver dollar mint mark photo: ha.com

The public question blows up why there is a 1878 silver dollar with 8 tail feathers. Meanwhile, a bald eagle commonly known has only seven tail feathers.  Actually the patterns for the Morgan Dollar were designed with the correct number of 7 tail feathers but, for some unknown reason, the first Morgan Dollars were engraved with 8 tail feather, an incorrect number. The fact is that the 8 tail feather was the first 1878 Morgan silver Dollar.

After a some number of the Morgan silver coins were struck, the error which displayed 8 tail feather was detected.  However, it had been too late to recall all of the silver coins which had been struck. In return, the remaining incorrect 8 tail feather dies were made correctly by the fast way of over-punching that 8 tail feather dies with a 7 Tail Feather hub. This way of correction resulted the 7/8 Tail Feathers varieties of the Morgan silver coin.  The correction kept continuing and the  final issues of 1878 Morgan silver dollar were of the correct display of 7 tail feathers. For that background reason, the estimated mintage for this 8 tail feathers variety may not be correct, approximate mintage is 749,500 pieces.

1878 Morgan silver dollar 8 tail feather photo: ha.com

The Morgan silver dollar is known as the first oldest silver dollar which was minted in United States after the demonetization of silver era. It was set by congress in the Coinage Act of 1873. The Morgan dollars were first brought for production in 1878 and continued to be minted until 1904.  Because of Morgan's size and silver content, in 1921 they were minted again. The Morgan Silver dollars are publicly seen as the best silver coin manufacturing at its time. The Morgan is the most valuable of silver coins in the United States which has been minted. Among the collectors, the 1878 Morgan silver Dollar is believed to have the highest value for collection and investment

The Morgan silver was originally designed at a half dollar. In order to be minted on the Dollar value, the coins were needed to be larger sizes and the written words "half dollar" were replaced with the word "one dollar". It has diameter of 38.1 millimeters. It is really a large and heavy coin for  modern day coin standards. The Morgan silver dollar has weight of 26.73 grams. At near to 27 grams, this is not a coin which we really want to carry around in our pocket.

The silver coin of Morgan type was made at some mints. They were Philadelphia, Carson City, and San Francisco. The minted coins are show by a mint mark. It is located below the eagle and clearly seen above the letters of D and O from the word of DOLLAR. It is questionable to see the fact that only Philadelphia coin doesn't have a mint mark. According to coin collectors, the mint mark of CC which represents Carson City has the highest value and most hunted in this modern era. The metal content of Morgan dollar is minted in 90% silver and 10% copper. This means that the Morgan silver coin is worth of $26.57 based off its silver content itself

The Morgan coin Dollar was originally designed by  a United States Mint Assistant. He was  George T. Morgan and That the name Morgan Dollars was derived from. George T. Morgan was born in Birmingham, England in 1845. Young Morgan studied in England. He came to the United States in 1876. He was hired as an assistant at the Mint under William Barber. Soon He designed several coin varieties such as; the 1877 half dollars, the 1879 Schoolgirl dollar, the 1882 Shield Earring coins and the Columbian Exposition half dollar. He also designed the $100 Gold Union coin which was never released.Eventually, However the Morgan dollar is known as the most famous design of his work and the edition of 1878 Morgan silver dollar is believed to have the highest value today.

The 1878 Morgan silver dollar photo: ha.com