Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: San Francisco
Mintage: 9,774,000
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: $12.40 (5/30/2016)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

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


  
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Description & Analysis

The 1878-S mintage approaches 10 million coins. Leroy Van Allen and George Mallis, in their 1991 Morgan and Peace Dollars reference, cite an April 18, 1878 New Alta California account of the first Morgan dollar striking at San Francisco. The initial striking took place at half past three in the afternoon of April 17. Former governor F.F. Low, mint officers, and the press were in attendance. San Francisco Mint superintendent Henry L. Dodge was Master of Ceremonies, and under his direction the coins were struck. Dodge placed the first planchet in the press, then presented the first struck coin to coiner Cicott. The second went to former governor Low, the third, fourth, and fifth to three ladies present, and others to different gentlemen present. Nearly one thousand coins were struck, when one of the dies broke. The press was stopped, and further coinage was suspended until the following day.

David Bowers (1993) believes that the majority of the 1878-S dollar mintage was stored at the San Francisco Mint, to be paid out over a period of subsequent decades. The abundance of this date on the market is reflected in the population data. Tens of thousands have been certified through MS65.

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: 4/4/2016

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

1878 S S$1 MS
  GVGFVFXF5053555861626364656667686970
Base $ 28.00 28.50 29.00 29.50 37.00 41.00 42.00 43.00 45.00 65.00 75.00 95.00 125 365 850 10500 42000 - -
$ - - - - - - 80.00 105 150 500 1850 14950 -
1878 S S$1 MS Prooflike
  GVGFVFXF5053555861626364656667686970
Base $ - - - - - - - - - 75.00 130 175 260 500 3400 - - - -
$ - - - - - - - 200 300 875 - - -
1878 S S$1 MS Deep Prooflike
  GVGFVFXF5053555861626364656667686970
Base $ - - - - - - - - - 95.00 185 375 2250 8000 29000 - - - -
$ - - - - - - - - 2600 13500 - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 45112
Low Grade: PrAg
Average Grade: 63
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/6/2004 PCGS MS 66   Goldberg September 6-7, 2004 Pre-Long Beach Coin Auction, 26/Lot# 982 $690.00
2/22/2006 PCGS MS 64   Teletrade Auction 2165, 2165/Lot# 1579 $100.80
9/30/2008 PCGS MS 65   Heritage Auctions Tuesday Internet Coin Auction #28101, 28101/Lot# 21530 $345.00
9/22/2010 PCGS MS 65   Heritage Auctions 2010 September Long Beach, CA Signature US Coin Auction #1144, 1144/Lot# 10039 $218.50
5/27/2012 PCGS MS 64   Bonhams Coins and Medals, 19995/Lot# 1103 $117.00
6/15/2014 NGC MS 61   GreatCollections GreatCollections Coin Auctions 06/15/2014, 196/Lot# 200836 $70.40
9/5/2014 NGC MS 65   Stack's Bowers iAuction 3498, 6052/Lot# 20269 $246.75
12/7/2014 NGC MS 63   David Lawrence Rare Coins Internet Auction # 833, 842/Lot# 282 $100.00


NGC Registry

NGC Registry Score 1878 S S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base123131135139143163167171175179183201216272323423838159442907502960217946
1251321361401491641681721761801892062342893565611090249253608202123830
000000168172176180189206234289356561109024925360820200
000000169173177181195211253306389699134233916431890200
1878 S S$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base13514314715115917918318319019419823426235453467411032631447277771259923569
1371441481531651801831851911952102432924145808171612324455739384162550
000000183185191195210243292414580817161232445573938400
0000001831871921962222523234746279602121385866751099100
1878 S S$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base147155163175183201205209212220223244282409725221945658344608992342071838837
1491571671771892022062102142212302563245141223300158248344713713062267570
000000206210214221230256324514122330015824834471371306200
000000207211217222237269366619172137837084834481851689000
Competitive Registry Sets
CategoriesSets
Morgan Dollars, 1878-1921, Circulation Issue 1982
US Type Set, including Modern Issues 672
Morgan Dollars, 1878-1921, One-Per-Date 505
Basic US Type Set, No Gold (7070) 429
Basic US Type Set, with Gold (7070 + Page 5) 411
US Type Set, 1792-1964 271
Silver & Clad Dollar Type Set 271
20th Century Series Type Set, Proofs & Non-Proofs 236
20th Century Series Type Set, Proofs & Non-Proofs - No Gold 216
20th Century Series Type Set, Non-Proofs Only 197
20th Century Series Type Set, Non-Proofs Only - No Gold 148
Morgan Dollars, 1878-1921, PL and DPL Only 128
Morgan Dollars, 1878-1921, Complete 103
Morgan Dollars, 1878-1921, Top-100 VAMs 97
19th Century Series Type Set, Non-Proofs Only 89
Morgan Dollars, 1878-1921, One-Per-Mint 62
Morgan Dollars, 1878-1921, Hot 50 VAMs 58
19th Century Series Type Set, Non-Proofs Only - No Gold 54
19th Century Series Type Set, Proofs & Non-Proofs - No Gold 53
19th Century Series Type Set, Proofs & Non-Proofs 52
Non-CC Morgan Dollars, 1878-1904, GSA Holders Only 36
San Francisco Morgan Dollars, 1878-1921, Circulation Issue 28
Philadelphia Morgan Dollars, 1878-1921, Circulation Issue 27
1878 Mint Set 24
Morgan Dollars, 1878-1921, GSA Soft Pack Holders Only 22
US Type Set, 1792-1964, Circulated Coins Only 21
19th Century Series Type Set, Circulated Coins Only (No Gold) 15
Basic US Type Set, No Gold (7070), Circulated Coins Only 14
Morgan Dollars, 1878-1921, Hit List 40 VAMs 14
Basic US Type Set, with Gold (7070 + Page 5), Circulated Coins Only 12
19th Century Series Type Set, Circulated Coins Only 12
Morgan Dollars, 1878-1921, Circulated Coins Only 11
20th Century Series Type Set, Circulated Coins Only 9
20th Century Series Type Set, Circulated Coins Only (No Gold) 9
Morgan Dollars, 1878-1921, GSA Holders Only, Mint State 2
Registry Image Gallery
Grade: MS 67
Points: 5360
Owner: AYWP
 
Grade: MS 65 DPL
Points: 4565
Owner: Brian J1
 
View the Registry Image Gallery

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