Coin Specifications

Category: Trade Dollars (1873-1885)
Mint: Philadelphia
Mintage: 900
Obverse Designer: William Barber
Reverse Designer: William Barber
Composition: Silver
Fineness: 0.9000
Weight: 27.2200g
ASW: 0.7876oz
Melt Value: $19.94 (7/26/2021)
Diameter: 38.1mm
Edge: Reeded
Link to this coin

1878 T$1 PF obverse 1878 T$1 PF reverse
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Description & Analysis

The coining of trade dollars was suspended February 22, 1878 by order of Treasury Secretary John Sherman. This measure had been anticipated at the Philadelphia Mint, and it held off coining any pieces until after that suspension was in place. Both the Carson City and San Francisco Mints, however, had standing orders to fill before they could comply. Philadelphia did strike proofs later in the year, as these coins would not be entering circulation and thus did not further the nuisance Sherman was attempting to end.

Knowledge that trade dollars would no longer be produced on demand seems to have prompted a small boost in proof sales from previous years (excepting, of course, 1876). This date is more available than most earlier entries both in terms of overall numbers and the number of certified gems. Cameo pieces are likewise a bit more available, though Ultra Cameo coins remain extremely rare.


GRADE SUMMARY

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Price Guide

Last Updated: 6/18/2019

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

1878 T$1 PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - 1300 - - 1700 1750 1900 2200 2600 3300 4500 10000 16500 25000 - - -
1878 T$1 PF CA
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - 2400 2900 3700 5300 11500 19000 26500 - - -
$ - - - - - - - - - 6250 - - - -
1878 T$1 PF UC
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - 6000 7500 13000 - - - - -

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: 346
Low Grade: 45
Average Grade: 63
High Grade: 68

The chart showing 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, 69 series.
NGC CENSUS DETAIL Last Updated: 7/20/2021 1878 T$1 PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------1--2346396082351641--253
-----------------------
-----------------------
-----------------------
Total------1--2346396082351641--253
 ------0%--1%1%2%2%15%24%32%14%6%2%0%-- 
1878 T$1 PF CA
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------3922222343---86
----------------31--1-5
---------------1------1
----------------1-----1
Total------------3922232753-1-93
 ------------3%10%24%25%29%5%3%-1%- 
1878 T$1 PF UC
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--------------124-----7
-----------------------
-----------------------
-----------------------
Total--------------124-----7
 --------------14%29%57%----- 

NGC Registry

NGC Registry Score 1878 T$1 PF CA
 PrAgGVGFVF4045505355586061626364656667686970
Base10661271140816582653343738004118503455206135649165717646811911917147431619318329206672321825996
11341316149119892914355839064423519657256253651769297803938512859152261690519108215172414427296
000000390644235196572562536517692978039385128591522616905191082151700
0000004012472853585930637265447287796110651138011570917617198872236700
1878 T$1 PF UC
 PrAgGVGFVF4045505355586061626364656667686970
Base8608899209519831016105010841118151519652211233726383080402856106209734294811204948369
87089993096299410271061109512501665204722532437278533964555581065878055103372415650787
00000010611095125016652047225324372785339645555810658780551033700
00000010731107138318152129229525382933371250836009696487681119300
1878 T$1 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base584607629653676701727752779108514381634173519772335311344314935644483921074641209
592614637661684710735761881120315031668181620962594355245995438709391772090043269
0000007357618811203150316681816209625943552459954387093917700
0000007447709831320156917011896221628543992476759417743996100
Registry Image Gallery
Grade: PF 67 CAMEO
Points: 6690
Owner: NW Collections
 
Grade: PF 67 CA
Points: 6690
Owner: SLUGGO
 
View the Registry Image Gallery

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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.