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: $15.04 (8/22/2014)
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: 2052
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
8/26/2014 MS 64   Heritage Auctions Internet Coin Auction Session(1), 131434/Lot# 27230
9/6/2014 MS 63   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1209/Lot# 7939
9/6/2014 MS 62   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1209/Lot# 7937
9/6/2014 MS 62   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1209/Lot# 7938


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/25/2002 PCGS MS 63   Heritage Auctions 2002 April Columbus, OH (CSNS) Signature Sale #288, 288/Lot# 6176 $368.00
11/26/2003 PCGS MS 63   Teletrade Auction 1811, 1811/Lot# 1725 $352.00
2/20/2005 PCGS MS 64   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1795 $2,415.00
1/1/2012 NGC MS 61   GreatCollections GreatCollections Coin Auctions 01/01/2012, 1/Lot# 29407 $314.05
5/18/2014 PCGS MS 64   David Lawrence Rare Coins Internet Auction # 804, 813/Lot# 10195 $1,450.00
5/11/2014 NGC MS 62   Heritage Auctions Internet Coin Auction Session(1), 131420/Lot# 28209 $317.25
7/11/2014 PCGS MS 64   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 6354 $1,057.50


NGC Registry

NGC Registry Score 1879 S REV OF 78 TOP-100 S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base123131159159163167171183209237304450586908125221244083983810333108463017655902
1251401591601641681751912182593524956931022154227776001100031050417289387510
000000175191218259352495693102215422777600110003105041728900
000000179200227281401540800113718333430791910168106752373200
1879 S REV OF 78 TOP-100 S$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base15116316717117518319420122732036650267411522335344756561017310846117593566266009
1551641681721771861962092583354115598331546270541837161103971115019726457770
000000196209258335411559833154627054183716110397111501972600
000000198218289350456616992194030764919866710621114542769400
1879 S REV OF 78 TOP-100 S$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base163171183194209230244272288311366194522682417348658536951885711759167475221696727
16517518619921623425327729532989220522317277342756219758698241342128570670530
0000002532772953298922052231727734275621975869824134212857000
000000262282303347141821602367312950646585822110791150844039300
Registry Image Gallery
Grade: MS 65
Points: 4083
Owner: K M Lust
 
Grade: MS 64 PL
Points: 3447
Owner: Coxe
 
View the Registry Image Gallery

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