The value of a 1878 one dollar coin, specifically a Morgan Silver Dollar, depends on a few key factors:
- Mint Mark: 1878 Morgan Dollars were produced at multiple mints: Philadelphia (no mint mark), San Francisco (“S”), and Carson City (“CC”). Coins from different mints can have different values.
- Tail Feather Variety: There are three main tail feather variations on the reverse of the 1878 Morgan Dollar:
– 8 Tail Feathers (8tf): The original design.
– 7 Tail Feathers (7tf): A revised design.
– 7 Over 8 Tail Feathers: An error where the 7 feathers were struck over the original 8 feathers.
– The [Coin ID Scanner notes] that a 1878 P-mark (Philadelphia) with 8tf in good condition is valued at $106, while a 7tf in good condition is valued at $52.
- Condition (Grade): Like all collectible coins, the better the condition (or grade), the more valuable the coin will likely be. Coin grading uses a scale from 1 (Poor) to 70 (Perfect Uncirculated).
- Demand: The popularity and demand for a specific coin can influence its value. Morgan Dollars are generally a popular series amongst collectors.
Based on information from various sources (as of August 2025), here’s a glimpse at potential values:
- Circulated 1878 S Morgan Dollar: Between $44.50 and $80.
- Uncirculated (Mint State) 1878 CC Morgan Dollar: Between $460 and $28,500. Proof Like (PL) and Deep Proof Like (DPL) coins in uncirculated condition can sell for even higher prices (e.g., up to $42,500 for PL and $30,000 for DPL).
- 1878 Philadelphia Morgan Dollar (8 Feathers) in Uncirculated condition: Up to $105.
- 1878 Philadelphia Morgan Dollar (7 Feathers) in Uncirculated condition: Up to $75.
Note: These are just general ranges, and the actual value of your specific 1878 Morgan Dollar will depend on its unique characteristics and the current market. Consulting a professional coin dealer or a reputable coin grading service can provide a more accurate valuation.
How much is a dollar in 1878 worth today?
$1 in 1878 is equivalent in purchasing power to about $32.15 today, an increase of $31.15 over 147 years. The dollar had an average inflation rate of 2.39% per year between 1878 and today, producing a cumulative price increase of 3,114.65%.
How to tell if a 1 dollar coin is rare?
Good point! To ensure your coin is rare, check for minting errors, such as double strikes or planchet flaws, unique designs, or limited editions. The 2007 Sacagawea Dollar, with Edge Lettering, accidentally featuring a Presidential coin’s edge design, is exceptionally valuable due to its rarity, with only one known to exist.
How much silver is in an 1878 Morgan silver dollar?
I can help with that. Features of the Morgan Dollar:
Each coin is 26.73 grams (. 859 troy ounces) in weight. Each coin comprises 0.77344 troy ounces of silver.