Coin Specifications

Category: Trade Dollars (1873-1885)
Mint: San Francisco
Mintage: 4,162,000
Catalog: KM-108
Obverse Designer: William Barber
Reverse Designer: William Barber
Composition: Silver
Fineness: 0.9000
Weight: 27.2200g
ASW: 0.7876oz
Melt Value: $12.70 (12/21/2014)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1878 S T$1 MS obverse 1878 S T$1 MS reverse


  
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Description & Analysis

The 1878-S Trade dollar issue marks an important nexus in the history of U.S. silver dollar production. The Trade dollars were on their last legs. The 1878 Carson City and San Francisco Trade dollars would prove to be the last circulation issues, the 1879-1883 were proof-only issues, and the famous 1884 and 1885 proofs were produced under suspicious circumstances not relevant here. In 1878 the Morgan dollars were seeing their initial year of production at those same mints.

The 1876-S through 1878-S Trade dollars were produced in quantities of 5.2 million, 9.5 million (a series record), and 4.2 million coins, respectively--enormous figures for any coin of the era. The 1878-S Morgan dollar took up the reins from the fading series, issued to the extent of 9.8 million pieces.

It is no coincidence that those enormous silver dollar production figures coincide with the peak years of Nevada's fabled Comstock Lode, which from 1876 through 1878 is estimated to have produced silver bullion worth about $36 million each year. The mine's bullion production would slowly dwindle until about 1892, when the 'bottom of the barrel' began to be scraped.

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: 12/9/2014

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1878 S T$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 120 140 160 190 285 285 360 400 500 735 1025 1150 1475 2425 3450 16000 29000 67500 - - -
$ 310 375 435 550 815 1100 1250 1575 2700 4050 19850 - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 1000
Low Grade: PrAg
Average Grade: 55
High Grade: 66


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
12/23/2014 VF Details  Heritage Auctions Internet Coin Auction Session(1), 131451/Lot# 27151
1/12/2015 MS 65   Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(3), 1216/Lot# 5403
1/12/2015 MS 62   Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(8), 1216/Lot# 10672


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/8/1996 NGC AU 55   Teletrade Auction 0804, 804/Lot# 708 $196.20
12/18/2008 NGC AU 58   David Lawrence Rare Coins Thursday - Internet Auction # 310, 316/Lot# 6033 $621.00
1/29/2012 PCGS MS 65   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 795 $253.00
11/29/2012 NGC AU 53   Heritage Auctions 2012 November 29 - December 2 US Coin Signature Auction - Houston Session(5), 1177/Lot# 9715 $282.00
6/2/2013 PCGS Genuine VF   GreatCollections GreatCollections Coin Auctions 06/02/2013, 77/Lot# 118429 $112.08
6/5/2013 NGC MS 65   Heritage Auctions 2013 June 5 - 9 US Coin Signature Auction - Long Beach Session(3), 1186/Lot# 4628 $7,050.00
7/25/2014 NGC AU 55   Stack's Bowers iAuction 3492, 6043/Lot# 22488 $376.00


NGC Registry

NGC Registry Score 1878 S T$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base248317456502532667729787114213341580172518171953270531855478732410263117961349215362
27136347151257768774890512061416162817551862220328653949609383031077412361141150
0000007489051206141616281755186222032865394960938303107741236100
00000076710231270149816761786190724543025471367089283112851292600
1878 S T$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base9831177130515432388323735853890476952355827617165717283774011413141521556017635199072239025095
1047121913841824267133533686418349245432594163046808743589641232614621162511839220734232910
000000368641834924543259416304680874358964123261462116251183922073400
0000003788447650795629605664377045758710188132391509016943191492156200
Registry Image Gallery
Grade: MS 63
Points: 2705
Owner: JTO
 
Grade: MS 62
Points: 1953
Owner: Carl Beeson
 
View the Registry Image Gallery

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