1878 silver dollar value
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1878 Silver Dollar Value

The value of an 1878 Morgan Silver Dollar can vary depending on its condition, rarity, and demand. In general, the value of a Morgan Silver Dollar is based on the current price of silver, as well as any additional numismatic value it may have. Continue reading if you want to know how much is the 1878 Silver Dollar worth.

1878 Morgan Silver Dollar obverse
Obverse
1878 Morgan Silver Dollar reverse
Reverse

Coin Specification

  • Type: Morgan Dollar
  • Country: United States
  • Year: 1878
  • Face Value: 1 USD
  • Silver Weight: 0.7734oz
  • Metal Composition: 90% silver – 10% copper

The Morgan Silver Dollar was a type of silver dollar minted in the United States from 1878 to 1904, and again in 1921. The coin is named after its designer, George T. Morgan. It is composed of 90% silver and 10% copper and weighs 26.73 grams.

The 1878 silver dollar Coin’s obverse (Head) features the lady liberty side, along with the inscription 1878 – E PLURIBUS UNO LIBERTY. The reverse (tail) features the eagle surrounded by a wreath and the inscription UNITED STATES OF AMERICA  – IN GOD WE TRUST – ONE DOLLAR. Today, the 1878 Morgan Silver Dollar is a popular coin among collectors and is highly sought after due to its historical significance and Silver content.

The 1878 Morgan Silver Dollar can be found in different versions of mintage types:

  • 1878 Dollar without a mint mark, was struck at the Philadelphia mint with a total quantity of 9,759,300.
  • 1878 S Dollar, was struck at the San Francisco mint with a total quantity of 9,774,000.
  • 1878 CC Dollar, was struck at the Carson City mint with a total quantity of 2,212,000.

Note: The mint mark for the 1878 silver Dollar is visible on the reverse, beneath the wreath. 

How much is an 1878 silver dollar worth?

In terms of silver value alone, a Morgan Silver Dollar that is made of 90% silver would be worth approximately $18 based on the spot price of silver of $23 per ounce. Currently, the 1878 Silver Dollar coin in good condition may sell for around $45 to $55, while an 1878 Silver Dollar coin in extremely fine condition may sell for closer to $75 to $90. However, the 1878 silver dollar in an uncirculated MS62 condition is worth about $225 and in MS64 is worth about $410.

The 1878 CC silver dollar in an uncirculated MS64 condition is worth about $790.

What is an 1878 Silver Dollar coin?

An 1878 Silver Dollar coin is a coin that was minted in the United States in 1878 and is made of silver. The coin features Lady Liberty on the front and an eagle on the back. There were several different designs used for the silver dollar in 1878, including the “Morgan Dollar,” named after its designer, George T. Morgan.

Are 1878 Silver Dollar coins rare?

The rarity of an 1878 Silver Dollar coin can vary depending on the specific design and mint mark. Some 1878 Silver Dollar coins are more common and can be found relatively easily, while others are quite rare and may be harder to come by. It is worth noting that the rarity of a coin can affect its value, with rarer coins often being worth more than more common coins.

Are 1878 Silver Dollar coins a good investment?

The value of any investment can vary significantly over time and is subject to market conditions. In general, silver and gold coins can be a good addition to a well-diversified investment portfolio, as precious metals tend to hold their value and can potentially provide a hedge against inflation. However, it is important to carefully research the coin market and consult a financial advisor before making any investment decisions.

How many 1878 Morgan silver dollars were made?

the total number of 1878 Morgan Silver Dollar coins minted was:
– 749,500 coins minted at the Philadelphia mint with the “8 feathers” design
– 9,759,300 coins minted at the Philadelphia mint with the “7 feathers” design in various variations
– 2,212,000 coins minted at the Carson City mint with the “CC” design
– 9,774,000 coins minted at the San Francisco mint with the “S” design

Altogether, this adds up to a total of 22,494,800 1878 Morgan Silver Dollar coins minted.

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