Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: San Francisco
Mintage: 9,110,000
Catalog: KM-110
Obverse Designer: George T. Morgan
Reverse Designer: George T. Morgan
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $15.21 (4/17/2014)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1879 S REV OF 78 TOP-100 S$1 MS obverse 1879 S REV OF 78 TOP-100 S$1 MS reverse


  
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Description & Analysis

It is quite likely that these were the first San Francisco Mint silver dollars coined in 1879, using reverse dies that remained unused in the previous year. The number of actual dies employed, or the quantity minted from these old reverse dies, is not known today. At the time these coins were struck, nobody gave any thought to recording the number of coins struck from each individual die, and even if they had, it is likely that the records would not have specified old or new dies. Although it has only become a popular rarity in the last 40 years, discovery of this variety is credited to George W. Rice who made a brief mention of it in the June 1898 issue of The Numismatist. At the 1913 ANA Convention, Howard Rounds Newcomb displayed an example and reported that it was a rarity. A discussion of this variety and its display appeared in the October 1913 issue of The Numismatist. The exact number of these coins struck is not specifically known today. The Van Allen and Mallis (VAM) Encyclopedia describes varieties produced from seven different reverse dies of this hub type. Dave Bowers suggested a mintage of 600,000 coins, assuming a mintage of 100,000 coins per die for 'a half dozen or more die pairs.' Given the scarcity in Mint State grades, and the rarity in Gem quality, the actual number struck is probably not more than this, although it is not known how many may have been melted under provisions of the Pittman Act.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 2/10/2014

Click on a price to see historical prices, comparison charts and trends.

1879 S REV OF 78 TOP-100 S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 29.00 35.00 36.00 37.00 42.00 42.00 45.00 52.00 60.00 80.00 130 185 350 585 1450 5750 53750 - - - -
$ 46.00 50.00 58.00 66.00 90.00 150 205 400 700 2000 8000 67500 - -
1879 S REV OF 78 TOP-100 S$1 MS Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 150 225 500 1800 4000 12500 - - - - -
$ - - - - - 175 265 550 2530 5200 15000 - - -
1879 S REV OF 78 TOP-100 S$1 MS Deep Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 1260 1680 1910 4060 13560 20630 - - - - -
$ - - - - - 1390 1850 2100 4400 14600 22300 - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 1962
Low Grade: G
Average Grade: 61
High Grade: 66


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
4/27/2014 MS 65   Deep Prooflike Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(4), 1204/Lot# 5252
4/27/2014 MS 64   Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(3), 1204/Lot# 5214
4/27/2014 MS 62   Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(9), 1204/Lot# 12128
4/27/2014 MS 62   Prooflike Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(9), 1204/Lot# 10037


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
12/8/1999 NGC MS 63   Teletrade Auction 1245, 1245/Lot# 1571 $283.40
2/20/2005 PCGS MS 64   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1795 $2,415.00
3/9/2008 PCGS MS 64   Heritage Auctions Sunday Internet Coin Auction #68033, 68033/Lot# 63278 $1,008.55
8/24/2009 NGC MS 64   David Lawrence Rare Coins Monday - Internet Auction # 404, 410/Lot# 657 $1,035.00
8/11/2011 PCGS MS 66   Heritage Auctions 2011 August Chicago Signature US Coin & Platinum Night Auction Session(5), 1158/Lot# 7310 $43,125.00
10/17/2012 PCGS MS 63   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 2170 $517.50
3/17/2013 PCGS MS 61   GreatCollections GreatCollections Coin Auctions 03/17/2013, 66/Lot# 104757 $203.50
3/9/2014 NGC MS 61   Heritage Auctions Internet Coin Auction Session(1), 131411/Lot# 20510 $505.25


NGC Registry

NGC Registry Score 1879 S REV OF 78 TOP-100 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base12313115915916316717117919022026240951788411932124408394379917107353017655902
12514015916016416817318220023431144563998715032777586795971018917215387510
0000001731822002343114456399871503277758679597101891721500
00000017618621024836048176110901813343076529757104622369500
1879 S REV OF 78 TOP-100 S$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base1511631671711751831942012123113364376311138221932775621864410254117543566266009
155164168172177186196204245319369501800149825714058662891801075419723457770
00000019620424531936950180014982571405866289180107541972300
00000019820827832740356696918582924483976369717112542769200
1879 S REV OF 78 TOP-100 S$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base163171175183201220237255272298317193622542407347058466903884911754167475221696727
16517217718920722524326028030485620422305276142626198755198171341828570670530
0000002432602803048562042230527614262619875519817134182857000
000000249266289310139621482356311550546550820010785150824039300
Registry Image Gallery
Grade: MS 65 DPL
Points: 6903
Owner: MLMM Collection
 
Grade: MS 65
Points: 4083
Owner: K M Lust
 
View the Registry Image Gallery

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