1878 8TF $1 MS Morgan Dollar

Coins / United States of America / 1 Dollar / Morgan Dollars

1878-P Morgan Dollar Value

The 1878-P morgan dollar value ranges from $1 to $100,000 depending on the quality of the coin and its mint strike type.

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Select the grade of your 1878-P Morgan Dollar to see it's value.

What is a 1878-P Morgan Dollar?

The 1878-P Morgan Dollar is a silver coin that was manufactured at the Philadelphia mint. It has a legal tender value of $1.00. This was produced as a "Mint Strike" coin which usually means it was intended for circulation. The mintage of this coin is unknown and is therefore considered very rare at a minimum. This coin was minted in the first year of its series, and is a more popular coin to collectors for that reason, but not necessarily to investors. This coin contains a large amount of silver at 24.05274 grams (0.77 oz. Adjusted Silver Weight).

The 1878-P 8 TF is the very first of the Morgan Silver Dollars to be minted. Unlike other Morgans struck in the same year, the first ones featured an eagle on the obverse with 8 tail feathers.

0.45 Rarity

This run of morgan dollars had a relatively low mintage compared to the others, which makes this coin more desirable to collectors and investors.

0.70 Availability

This coin is generally found in well-struck specimens with a large quantity of uncirculated coins available in the marketplace.

0.75 Popularity

As this coin represents the first coin in the series, it tends to be a more popular coin that other Morgan Dollars with similar mintages.

Morgan Silver Dollar Obverse 1878-P 8TF (8 Tail Feathers)

Morgan Silver Dollar Reverse 1878-P 8TF (8 Tail Feathers)

Coin Specifications

Year 1878
Mint Philadelphia
Mintage 749,500
Diameter 38.1 millimeters
Production Mint Strike
Material Silver
Weight 26.7300 grams / 0.8595 ounces
Precious Metal Silver
Metal Content 24.0527 grams / 0.7734 ounces
Metal Value $17.50  (as of 2022-12-08, 4:12 AM)
Obverse Designer George T. Morgan
Reverse Designer George T. Morgan
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