Coin Specifications

Category: Trade Dollars (1873-1885)
Mint: Philadelphia
Mintage: 900
Catalog: KM-108
Obverse Designer: William Barber
Reverse Designer: William Barber
Composition: Silver
Fineness: 0.9000
Weight: 27.22g
ASW: 0.7876oz
Melt Value: $14.73 (8/26/2016)
Diameter: 38.1mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1878 T$1 PF obverse 1878 T$1 PF reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

As 1878 unfolded the silver interests of the West combined forces to cause Congress to act. Simply stated, the bowels of Nevada had been opened wide, and silver was flooding into the mine owners coffers. Great wealth was had by a few lucky persons, but what to do with all this silver. The price of silver on the open market fell. Such events were not to be tolerated, and soon Congress authorized the purchase of large quantities of silver for coinage. Naturally the mints had no more desire for the silver than anyone else, they were coining along quite happy up to that time with the normal influx of gold, silver, nickel and copper. Congress imposed the Sherman Silver Act in early 1878 which authorized the purchase of millions of ounces of silver for coinage into the new Morgan silver dollars. With all the pressure to stamp out millions of the new silver dollars, the Trade dollar was virtually shelved save for a dwindling number of proof issues starting in 1879 which petered out entirely in 1885.

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: 3/4/2016

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

1878 T$1 PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - 1300 1425 1500 1550 1750 1875 2300 2550 3500 5000 12000 19000 30000 - - -
$ - - - - - - - - - - - - - -
1878 T$1 PF Cameo
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - 2475 2850 4000 6000 13500 22000 40000 - - -
$ - - - - - - - - - 7000 - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 331
Low Grade: 45
Average Grade: 63
High Grade: 67


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/20/2005 NGC PF 65   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1773 $10,350.00
9/4/2006 NGC PF 63   Cameo David Lawrence Rare Coins Internet Auction # 103, 108/Lot# 236 $3,105.00
10/24/2010 NGC PF 60   Teletrade Auction 2947, 2947/Lot# 2454 $2,185.00
7/12/2012 NGC PF AU 58   Heritage Auctions 2012 July 12-15 US Coin Summer FUN Signature Auction - Orlando Session(1), 1172/Lot# 3895 $1,380.00
6/4/2014 PCGS PF 64   Cameo Heritage Auctions 2014 June 4 - 8 US Coins Signature Auction - Long Beach Session(2), 1206/Lot# 4239 $4,993.75
6/27/2014 PCGS PF 67   Cameo Stack's Bowers June 2014 Baltimore, 6021/Lot# 2349 $34,075.00
8/8/2014 PCGS PF 65   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 4283 $6,462.50
9/28/2014 PCGS PF 64   Cameo GreatCollections GreatCollections Coin Auctions 09/28/2014, 194/Lot# 215780 $3,194.40


NGC Registry

NGC Registry Score 1878 T$1 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base584607629653676701727752779108514381634173519772335311344314935644483921074641209
59261463766168471073576188112031503166818162096259435524599543870939177209000
0000007357618811203150316681816209625943552459954387093917700
0000007447709831320156917011896221628543992476759417743996100
1878 T$1 PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base10661271140816582653343738004118503455206135649165717646811911917147431619318329206672321825996
1134131614911989291435583906442351965725625365176929780393851285915226169051910821517241440
000000390644235196572562536517692978039385128591522616905191082151700
0000004012472853585930637265447287796110651138011570917617198872236700
1878 T$1 PF Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base8608899209519831016105010841118151519652211233726383080402856106209734294811204948369
8708999309629941027106110951250166520472253243727853396455558106587805510337241560
00000010611095125016652047225324372785339645555810658780551033700
00000010731107138318152129229525382933371250836009696487681119300
Registry Image Gallery
Grade: PF 67 CA
Points: 6690
Owner: SLUGGO
 
Grade: PF 67
Points: 6444
Owner: Jon Lorenzo
 
View the Registry Image Gallery

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