Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: Philadelphia
Mintage: 250
Obverse Designer: George T. Morgan
Reverse Designer: George T. Morgan
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $13.50 (10/16/2019)
Diameter: 38.1mm
Edge: Reeded
Link to this coin

1878 7TF REV OF 78 $1 PF obverse 1878 7TF REV OF 78 $1 PF reverse
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Description & Analysis

In 1878, the brand new Morgan dollar design made its debut. The original design featured an eagle with 8 tail feathers. However, it was soon discovered that this was an incorrect number as bald eagles always have an uneven number of tail feathers. Some 500 proof Morgan dollars were struck with the 8TF design before the change was made.

Another change was made for 1879, which involved some modifications to the reverse. These changes include making the Eagle's breast more rounded and changing the parallel top arrow feather to a slanted one. Most 7TF reverse proof Morgans struck in 1878 feature the reverse of 1878, and it is estimated that the number of those struck with the reverse of 1879 is perhaps 50 or less.

GRADE SUMMARY

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Price Guide

Last Updated: 6/14/2019

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

1878 7TF REV OF 78 $1 PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - 2000 2250 2600 3900 5000 6850 14150 23500 65500 - - -
$ - - - - - - 3000 4250 5750 9500 16500 27000 - -
1878 7TF REV OF 78 $1 PF Cameo
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - 4250 5500 10100 16500 38500 58000 75000 - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 93
Low Grade: 58
Average Grade: 63
High Grade: 67

The chart showing 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 10/8/2019 1878 7TF REV OF 78 $1 PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------125821181461---76
-----------------------
---------------1------1
-----------------------
Total----------125821191461---77
 ----------1 %3 %6 %10 %27 %25 %18 %8 %1 %--- 
1878 7TF REV OF 78 $1 PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------11167-1---17
-----------------------
--------------1-------1
-----------------------
Total------------11267-1---18
 ------------6 %6 %11 %33 %39 %-6 %--- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
10/7/1998 NGC PF 64   Teletrade Auction 1093, 1093/Lot# 1794 $2,193.50
8/11/2011 PCGS PF 65   Heritage Auctions 2011 August Chicago Signature US Coin & Platinum Night Auction Session(5), 1158/Lot# 7353 $11,500.00
11/20/2011 NGC PF 64   GreatCollections GreatCollections Coin Auctions 11/20/2011, 145/Lot# 25596 $4,874.10
5/27/2012 NGC PF 64   Goldberg May 27-31, 2012 The May Pre-Long Beach Auction, 69/Lot# 1324 $4,140.00
9/4/2014 NGC PF 62   Heritage Auctions 2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach Session(3), 1209/Lot# 4892 $6,462.50
1/7/2015 NGC PF 61   Cameo Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(5), 1216/Lot# 6171 $3,290.00
3/27/2015 PCGS PF 63   Stack's Bowers March 2015 Baltimore, 6065/Lot# 7139 $8,225.00
12/3/2015 PCGS PF 66   Heritage Auctions 2015 December 3 - 6 Houston Money Show US Coins Signature Auction - Houston Session(1), 1227/Lot# 3280 $23,793.75
2/22/2018 PCGS PF 64   Cameo Heritage Auctions 2018 February 22 - 26 LB Expo US Coins Signature Auction - Long Beach Session(2), 1272/Lot# 4094 $12,001.20


NGC Registry

NGC Registry Score 1878 7TF $1 PF REV OF 78 Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base262626942763283329042977305131273204328233623443354539845158632487271010511047121751310916350
26492717278628572928300230763153323033093389347736914375554771259186104191142312486141890
0000003076315332303309338934773691437555477125918610419114231248600
0000003102317832563335341635113838476759357926964610733117991279800
1878 7TF $1 PF REV OF 78 Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base281328852957303131063183326133403421350335873672395242475367686695111086712127127041366817007
28372909298230563132320932873367344835313615376540504620586777489963112871231913025147810
0000003287336734483531361537654050462058677748996311287123191302500
00000033143394347635593644385941494994636686291041511707125121334700
1878 7TF $1 PF REV OF 78
 PrAgGVGFVF4045505355586061626364656667686970
Base18571909196320172073213021872247230723682464261428073386381743615922725810515117921270415873
1874192719812036209221492207226723272400251426783000353039984881636783441094112096137600
000000220722672327240025142678300035303998488163678344109411209600
000000222722872348243225642743319336734180540268139429113661240000
Registry Image Gallery
Grade: PF 67 CA
Points: 11047
Owner: BChap
 
Grade: PF 67 CAMEO
Points: 11047
Owner: FloridaFacelifter
 
View the Registry Image Gallery

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