Silver Dollar Blog - 1878 Silver Dollar

Oct 10, 2011

1878 Silver Dollar

1878 Morgan Dollar

Mintage Circulation strikes: 10,500,000
Proofs 750
There is no mint mark on the coin which means it was minted in Philadelphia.

Varieties of the 1878 Silver Dollar
8 Tail Feathers 
7/8 Tail Feathers
7 Tail Feathers Reverse of 1878
7 Tail Feathers Reverse of 1879

1878-CC Silver Dollar
Mintage Circulation strikes: 2,212,000
Proofs: 0
Minted in Carson City – CC

1878-S Silver Dollar
Mintage Circulation Strikes: 9,774,000
Proofs: 0
Minted in San Francisco - S 

Random Facts of 1878
Why can so many Morgan Dollars be acquired in AU or UNC? In 1878 when the Morgan Dollar was first minted they were produced in significant amounts, but hardly any were put into use as money. The size of the coin was extremely large rendering it awkward to carry on business so a silver certificate was issued as an alternative. The mint issued silver certificates instead and placed the Morgan Silver Dollars in the vaults.

Production of the Trade Dollar stopped for business strikes in 1878. From 1879-1885 only proof examples were minted of the Trade Dollar.

The 19th President was in office – Rutherford B. Hayes (1877-1881)
A few things President Rutherford B. Hayes did with coinage legislation.

    • In February 1878 he restored Standard Silver Dollars to legal tender character and authorized the coinage for the Standard Silver Dollar.
    • May 1878 Stopped the U.S. mintage of the 20 cent silver piece.

    Photo credit for the 1878 Silver Dollar goes to DvX Gaming's photostream



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