Feb 01, 2021 Your 1878 Morgan silver dollar value is a minimum of $26.77 each. Many are worth a significant premium due to collector demand often raising the value far above silver bullion price. Of interest to collectors, 1878 is the first year of the popular Morgan dollar series. Morgan Silver Dollar Circulation The Morgan Dollar circulated from 1878 to 1904. It came back into circulation for one year only, in 1921. This marked the only year the coins were minted in Denver. The Morgan Silver Dollars had more in circulation than the Peace Dollars because of the Silver available at the time.

1. - 1878 MORGAN SILVER DOLLAR-8 TAIL FEATHERS-BRILLIANT UNCIRCULATED-SHIPS FREE! 1878 Morgan Dollar 7/8 Tail Feathers VAM-41B ANACS XF-45 0X4O.
2. 1878 CC US Morgan Silver Dollar $1 Coin 287H. Ending Oct 11 at 5:30PM PDT.

CoinTrackers.com has estimated the 1878 Morgan Silver Dollar value at an average of $35, one in certified mint state (MS+) could be worth $12,000. (see details)...

1878 Us Silver Dollar

Type:Morgan Silver Dollar
Year:1878
Mint Mark: No mint mark
Face Value: 1.00 USD
Total Produced: 10,508,000 [?]
Silver Content: 90%
Silver Weight: .7735 oz.
Silver Melt: $21.05
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $35, while one in certified mint state (MS+) condition could bring as much as $12,000 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1878, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].

Additional Info: This was the first year that the Morgan Silver Dollar was minted. There are several variations and these in these variations various values. There are 8 Feathered Morgans (prices above for the 8TF version), 7 Feather Morgans, and more. In short there are many different dies for the 1878 and if you dont know what you are buying you may want to get this coin looked at by a 3rd party professional. We wont do this much, but the 1878 Morgan silver dollars are worth $$$ and are very hard to judge so, and because of this there is a huge range of values for this coin.

Numismatic vs Intrinsic Value:This coin in poor condition is still worth $13.95 more than the intrinsic value from silver content of $21.05, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.

Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.

Current silver melt value* for a 1878 No mint mark is $21.05 and this price is based off the current silver spot price of $27.22 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.

1878 Silver Dollar Value No Mint Mark

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**When we say that 10,508,000, of these coins were produced or minted in 1878 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.

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***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value.Call or visit your local coin dealer for more information.

We use user submitted pictures please read that article if you are interested in adding your own.

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Dora has brought us an interesting piece. It is a replica of a US Goloid Dollar. If it were real, it would be worth several thousands of US dollars. The replica is worth a few dollars. Values for genuine coins are tucked away in coin catalogs and range from $2500 to $10000 US dollars. You can find a picture of the genuine coin at CoinAucstionsHelp. The nice-looking genuine coin at HeritageAuctions sold for $3700.
The first test of authenticity should be weight. If your coin weighs 14.25 grams, it may be real. If it does not weigh 14.25 grams, it is fake. Most of the coins you see today are fakes.
Now, according to those Smarty Pants over at Answerbag:
'Goloid is an alloy of silver, gold and copper patented by Dr. William Wheeler Hubbell on May 22, 1877. The alloy, in varying proportions (sometimes slightly out of these specifications), was used by the United States Mint to strike pattern dollars, sometimes called 'metric dollars' (some were marked with 'metric' in the coin design, while all had metal proportions and total coin weight as design features) from 1878 to 1880. Patterns of the same design were struck in other metals, including aluminum, copper, normal coin silver, lead, and white metal.
In the end, goloid was rejected as a coinage metal because it could not be distinguished from the normal U.S. 90% silver coin alloy without chemical analysis, thus inviting counterfeiters to use silver-copper alloys alone to make lower-value copies.'