Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: Carson City
Mintage: 2,212,000
Obverse Designer: George T. Morgan
Reverse Designer: George T. Morgan
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $12.30 (2/21/2019)
Diameter: 38.1mm
Edge: Reeded
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1878 CC $1 MS obverse 1878 CC $1 MS reverse
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Description & Analysis

1878 marked the first year of production for the Morgan dollar. Over 2.2 million examples were struck at the Carson City Mint that year. However, uncirculated examples are far scarcer for this issue than the 1882-CC, 1883-CC or 1884-CC. This is due to the GSA sales of uncirculated Carson City dollars in the 1970's, which had record numbers of the 1882-1884 Carson City Morgan dollars, and very few of the 1878 issue. In fact, less thanonly 61,000 1878-CC Morgan dollars were in the hoard, versus 962,000 of the 1884-CC issue!

GRADE SUMMARY

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Price Guide

Last Updated: 2/15/2019

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

1878 CC $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 101 109 119 136 156 183 198 224 246 280 389 488 520 650 1620 5650 39000 - - -
$ - - - - - - - - 525 750 2150 14500 - -
1878 CC $1 MS Prooflike
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - 285 320 390 520 729 1290 3000 9250 - - - -
$ - - - - - - - - 975 1700 3350 - - -
1878 CC $1 MS Deep Prooflike
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 365 475 844 2100 3120 9750 34500 - - - -
$ - - - - - - - 1000 2450 3750 14500 - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 27712
Low Grade: PrAg
Average Grade: 62
High Grade: 67

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 2/18/2019 1878 CC $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base105122184248603297405192299449624228137849008269588813902099---25799
-------------83126104----79
-------------42157135288----370
------------1-22------5
Total105122184248603297405192299449624228137949508459605114282219---26253
 0 %0 %1 %1 %2 %1 %2 %1 %1 %2 %2 %1 %5 %19 %32 %23 %5 %1 %0 %--- 
1878 CC $1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---------332410331160440397101---1559
-------------691421----32
-------------39121-----25
----------------2-----2
Total---------3324103320622429102111---1618
 ---------0 %0 %1 %6 %20 %38 %27 %6 %1 %0 %--- 
1878 CC $1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----------1115213512431-----354
-------------1111-----4
---------------11-----2
-----------------------
Total-----------1115313612633-----360
 -----------0 %3 %15 %38 %35 %9 %----- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/7/2003 PCGS MS 65   Prooflike Heritage Auctions 2003 November Signature Sale #334, 334/Lot# 8335 $1,840.00
8/1/2005 NGC MS 62   Heritage Auctions 2005 August San Francisco, CA (ANA) Bullet Auction #383, 383/Lot# 1015 $230.00
9/19/2005 PCGS MS 64   Goldberg September 19-21, 2005 Pre-Long Beach Coin and Currency Auction, 32/Lot# 1876 $488.75
10/9/2005 PCGS MS 63   Teletrade Auction 2102, 2102/Lot# 1610 $403.20
1/5/2011 NGC MS 63   Heritage Auctions 2011 January Tampa FUN Signature & Platinum Night US Coin Auction Session(7), 1151/Lot# 13762 $546.25
6/3/2013 NGC MS 62   Bonhams Coins and Medals, 20971/Lot# 2111 $374.00
11/17/2013 PCGS MS 65   David Lawrence Rare Coins Internet Auction # 778, 787/Lot# 140 $1,750.00
4/27/2014 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 04/27/2014, 173/Lot# 180824 $632.50
6/28/2015 PCGS   Stack's Bowers iAuction 3533, 6112/Lot# 20609 $387.75


NGC Registry

NGC Registry Score 1878 $1 MS CC Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base2953013333603724094204264715226487298479901226159427944565541783152170940089
29731134236438441242244148856467576889410681348199433844849638312779278350
0000004224414885646757688941068134819943384484963831277900
0000004244565056067028079421147147123943974513373491724400
1878 $1 MS CC Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base333333331111790764900116622402847488882008811122283051056631
333333339133179080998815242442352759928403995018322392170
00000033913317908099881524244235275992840399501832200
0000003751561790854107718822644420770968607110892441600
1878 $1 MS CC
 PrAgGVGFVF4045505355586061626364656667686970
Base272278308333345381389395437471517655741874990127123423628750279071768132576
2742883163373573833914094484865636837859121083162827704919763711165226460
000000391409448486563683785912108316282770491976371116500
000000393423459501609712829951117719853199621077721442300
Competitive Registry Sets
CategoriesSets
Morgan Dollars, 1878-1921, Circulation Issue 2068
US Type Set, including Modern Issues 705
Morgan Dollars, 1878-1921, One-Per-Date 557
Basic US Type Set, No Gold (7070) 449
Basic US Type Set, with Gold (7070 + Page 5) 429
Carson City Morgan Dollars, 1878-1893 304
US Type Set, 1792-1964 291
Silver & Clad Dollar Type Set 282
GSA Hard Pack Holders Basic Set, Carson City Morgan Dollars, 1878-1891 261
Morgan Dollars, 1878-1921, Complete 138
Morgan Dollars, 1878-1921, PL and DPL Only 134
Morgan Dollars, 1878-1921, Top-100 VAMs 102
Morgan Dollars, 1878-1921, One-Per-Mint 97
19th Century Series Type Set, Non-Proofs Only 90
19th Century Series Type Set, Non-Proofs Only - No Gold 56
19th Century Series Type Set, Proofs & Non-Proofs 53
19th Century Series Type Set, Proofs & Non-Proofs - No Gold 53
US Type Set, 1792-1964, Circulated Coins Only 38
Carson City Type Set, 1870-1893, One-Per-Denomination 30
1878 Mint Set 26
Morgan Dollars, 1878-1921, Circulated Coins Only 26
GSA Soft Pack Holders, Morgan Dollars, 1878-1921 25
Basic US Type Set, No Gold (7070), Circulated Coins Only 24
Basic US Type Set, with Gold (7070 + Page 5), Circulated Coins Only 20
19th Century Series Type Set, Circulated Coins Only 15
19th Century Series Type Set, Circulated Coins Only (No Gold) 14
GSA Hard Pack Holders Complete Set, Carson City Morgan Dollars, 1878-1893, Including Varieties 11
GSA Hard Pack Holders Complete Set, Morgan Dollars, 1878-1904, Including Varieties 10
Hard and Soft Pack Holders Complete Set, Seated, Morgan and Peace Dollars 4
Redfield Holders, Morgan and Peace Dollars, 1878-1935, Including Varieties 2
GSA Hard and Soft Pack Holders Combined Set, Morgan Dollars, 1878-1893 2
Soft Pack Holders Complete Set, Seated, Morgan and Peace Dollars 2
Morgan Dollar VAM Varieties 0
Registry Image Gallery
Grade: MS 66 PL
Points: 7214
Owner: nfcarsoncity
 
Grade: MS 65
Points: 6581
Owner: AlphaTrilogy
 
View the Registry Image Gallery

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