1878 (S) Morgan Dollar

Coin Details

Auction Record

$35,938 MS68 01-01-2009 Heritage Auctions

Description

The 1878 (S) Morgan Dollar is a dollar produced at the San Francisco Mint as part of the Morgan Dollars 1878-1921 series. With a mintage of 9.8 million, this is a less common issue — the highest mintage among 11 variants, accounting for 19% of the year's production. 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. Struck at the San Francisco Mint, established during the California Gold Rush and now primarily producing proof and collector coins. Estimated market value ranges from $87 to $547 depending on grade and condition. Struck in 90% silver, 10% copper, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #7082.