Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: San Francisco
Mintage: 9,774,000
Obverse Designer: George T. Morgan
Reverse Designer: George T. Morgan
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $18.65 (12/2/2020)
Diameter: 38.1mm
Edge: Reeded
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1878 S $1 MS obverse 1878 S $1 MS reverse
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Description & Analysis

The San Francisco Mint began striking Morgan dollars on April 17th, 1878. Nearly ten million Morgans were struck that first year. A large number of those first Morgans struck in San Francisco remained in their vaults for decades. Due to this large number withheld from circulation, the 1878-S Morgan dollar is common even through the gem level.

GRADE SUMMARY

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Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

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NGC CENSUS
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NGC REGISTRY
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Price Guide

Last Updated: 10/16/2020

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

1878 S $1 MS
1878 S $1 MS PL
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 95.00 110 190 215 275 575 3200 - - - -
$ - - - - - 100.00 130 200 235 325 750 5500 - -
1878 S $1 MS DPL
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 175 220 300 465 2000 7000 22500 - - - -
$ - - - - - 190 240 350 650 2825 10500 - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 54105
Low Grade: PrAg
Average Grade: 63
High Grade: 68

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, 68 series.
NGC CENSUS DETAIL Last Updated: 12/1/2020 1878 S $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base93646588436444181254578340156564341964717755452651137---52082
------------125920418678447---590
------------124019761241---326
--------------1342----10
Total93646588436444181254578340157864951989218141466958145---53008
 0%0%0%0%0%0%0%0%0%0%1%1%3%12%38%34%9%1%0%--- 
1878 S $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------475118752371320125-1--1712
-------------12222----9
--------------262-----10
-----------------1----1
Total----------475118852772120528-1--1732
 ----------0%0%3%11%30%42%12%2%-0%-- 
1878 S $1 MS DPL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------1034116123262----311
-----------------------
---------------1------1
-----------------------
Total------------1034116124262----312
 ------------3%11%37%40%8%1%---- 

NGC Registry

NGC Registry Score 1878 S $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base13514314715115917918318319019419823426235453467411032631447277771259923569
13714414815316518018318519119521024329241458081716123244557393841625524747
000000183185191195210243292414580817161232445573938400
0000001831871921962222523234746279602121385866751099100
1878 S $1 MS DPL
 PrAgGVGFVF4045505355586061626364656667686970
Base147155163175183201205209212220223244282409725221945658344608992342071838837
14915716717718920220621021422123025632451412233001582483447137130622675740779
000000206210214221230256324514122330015824834471371306200
000000207211217222237269366619172137837084834481851689000
1878 S $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base123131135139143163167171175179183201216272323423838159442907502960217946
12613213614015016416817217618018920623528935656110902493536182021238318843
000000168172176180189206235289356561109024935361820200
000000170174178182195211253306390700134233916431890200
Competitive Registry Sets
CategoriesSets
Morgan Dollars, 1878-1921, Circulation Issue 3098
US Type Set, including Modern Issues 1090
Morgan Dollars, 1878-1921, One-Per-Date 1041
Basic US Type Set, No Gold (7070) 703
Basic US Type Set, with Gold (7070 + Page 5) 623
US Type Set, 1792-1964 569
Morgan Dollars, 1878-1921, Complete 522
Morgan Dollars, 1878-1921, One-Per-Mint, Mint State 458
Silver & Clad Dollar Type Set 416
20th Century Series Type Set, Proofs & Non-Proofs 351
20th Century Series Type Set, Proofs & Non-Proofs - No Gold 342
20th Century Series Type Set, Non-Proofs Only 303
20th Century Series Type Set, Non-Proofs Only - No Gold 245
Morgan Dollars, 1878-1921, Circulated Coins Only 230
US Type Set, 1792-1964, Circulated Coins Only 203
Morgan Dollars, 1878-1921, PL and DPL Only 181
19th Century Series Type Set, Non-Proofs Only 150
San Francisco Morgan Dollars, 1878-1921, Circulation Issue 144
Morgan Dollars, 1878-1921, Top-100 VAMs 143
Basic US Type Set, No Gold (7070), Circulated Coins Only 132
Philadelphia Morgan Dollars, 1878-1921, Circulation Issue 122
19th Century Series Type Set, Proofs & Non-Proofs 108
Basic US Type Set, with Gold (7070 + Page 5), Circulated Coins Only 108
19th Century Series Type Set, Non-Proofs Only - No Gold 105
19th Century Series Type Set, Proofs & Non-Proofs - No Gold 100
19th Century Series Type Set, Circulated Coins Only 86
Morgan Dollars, 1878-1921, Hot 50 VAMs 67
20th Century Series Type Set, Circulated Coins Only 56
19th Century Series Type Set, Circulated Coins Only (No Gold) 55
GSA Hard Pack Holders, Non-CC Morgan Dollars, 1878-1904 47
20th Century Series Type Set, Circulated Coins Only (No Gold) 44
1878 Mint Set 39
Morgan Dollars, 1878-1921, Hit List 40 VAMs 37
GSA Hard Pack Holders Complete Set, Morgan Dollars, 1878-1904, Including Varieties 32
GSA Soft Pack Holders, Morgan Dollars, 1878-1921 29
GSA Hard and Soft Pack Holders Combined Set, Morgan Dollars, 1878-1893 17
Hard and Soft Pack Holders Complete Set, Seated, Morgan and Peace Dollars 14
Redfield Holders, Morgan and Peace Dollars, 1878-1935, Including Varieties 5
Soft Pack Holders Complete Set, Seated, Morgan and Peace Dollars 3
Morgan Dollar VAM Varieties 0
Registry Image Gallery
Grade: MS 67
Points: 5361
Owner: AYWP
 
Grade: MS 65 DPL
Points: 4565
Owner: Mirrored Morgan
 
View the Registry Image Gallery

Related Articles

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8/17/2009 — In the second part of a new series, David W. Lange continues to de-mystify a great legend in numismatics.
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Silver Dollar Varieties Growing in Popularity

1/1/2004 — While there are several United States coin series that can claim to be the most popular with American collectors, I believe the consistent front runner in recent decades has been, and will continue to be, Morgan silver dollars.
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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.