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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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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 | $19.77 (as of 2020-12-22, 12:12 PM) |
| Obverse Designer | George T. Morgan |
| Reverse Designer | George T. Morgan |
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