- Year: 1878
- Mint Mark: S
- Type: Morgan Silver Dollar
- Price: $38.00-$300.00+
- Face Value: 1.00 USD
- Produced: 9,774,000
- Edge: Reeded
- Silver Content: 90%
- Silver Weight: .7735 oz.
- Melt Value: $24.11
Notes: With nearly 10 million of the 1878 S Morgan Silver Dollars minted these are the 2nd most widely minted of the Morgans. With prices ranging from $30+ to $300+ dollars each these Silver Dollars are both affordable and a must have for any serious coin collector.
Mintages
Price Chart
Rates listed here refer to professionally graded and slabbed coins. If new to collecting the prices below might not make sense.
San Francisco Minted 1878 Silver Dollars
- Grade AU55 = $53-$88
- Grade AU58 = $60-$100
- Grade MS60 = $105-$125
- Grade MS61 = $105-$175
- Grade MS62 = $113-$188
- Grade MS63 = $120-$200
- Grade MS64 = $210-$350
- Grade MS65 = $323-$538
- Grade MS66 = $825-$1,375
Is the list above a little overwhelming? If so, take 5 minutes to learn all about Coin Grading.
It's also important to note...Prices are subject to the same supply and demand laws as everything else. Coins sold at the same auction house 10x, would fetch drastically different bids each session. To raise your chances of receiving top dollar read How to Get the Most for your Coins.
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How much is a 1878 S Morgan Silver Dollar worth?
In Average Circulated (AC) condition it's worth around $38.00, one in certified mint state (MS+) condition could bring as much as $300 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1878, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].
Specs & Design
This coin has a total mass of 26.73 g, a diameter of 1.5 in, and a thickness of 2.4 mm. It's edge is Reeded, and the coins are composed of 90.0% Silver & 10.0% Copper.
Designer: George T. Morgan
Front (Obverse): Profile view of Lady Liberty looking to the left. The words "E Pluribus Unum" that translates to "Out of Many, One" referring to the many states that make the country the United States. The date is located at the center bottom. 13 stars circle the coin adjacent to the lettering. These represent the original 13 colonies.
Back (Reverse): The reverse is a bald eagle clasping arrows and an olive branch in its claws. This represents peace and war, as the United States is capable of both. The eagle's wings are spread out and it too is glancing to the left. The words "In God We Trust", "United States of America", and "One Dollar" are all present on the reverse as well.