1878 Proof Morgan Dollar - Reverse of 1878

Strike Type

Coin Details

Year

1878

Denomination

Dollar

Mint Mark

Strike Type

Proof

Series

Morgan Dollars 1878-1921

Designer

George T. Morgan

Mintage (whole issue)

250

Composition

90% Silver, 10% Copper

Weight

26.73g

Diameter

38.1mm

Edge

Reeded

Value Estimates

$105,940

Value as of May 2026, from the one price recorded for this coin. Actual sales can differ. Compare recent sales of similar coins for a closer estimate.

Auction Record

Price realized: $84,000
Sold: 25 February 2021
Grade: PR67+
Auction house: Heritage Auctions

Description

The 1878 Proof Morgan Dollar - Reverse of 1878 is a proof dollar struck at the Philadelphia Mint, part of the Morgan Dollars 1878-1921 series. The figure of 250 is quoted for these 1878 proofs as a whole, both reverses together; how many show the Reverse of 1878 is not recorded. The obverse features Liberty facing left wearing a Phrygian cap adorned with wheat and cotton, encircled by stars and the reverse displays an eagle with outstretched wings clutching an olive branch and arrows, surrounded by a wreath. First year of the Morgan Dollar. Eight tail feather and seven tail feather varieties exist from early die adjustments. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $106K. Struck in 90% silver, 10% copper, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #7312.