Guidelines for Collecting:

The final design of 1878 was the 7 Tail Feathers Morgan dollar. It was produced with two major reverse variations. The first is the Second Reverse with 7 Tail Feathers, with parallel top arrow feather (PAF), and concave breast on the eagle. This style is often called the Reverse of 1878. Our estimated production quantity is 7.2 million circulation strikes, with between 250 to 300 Proofs. Close examination of the reverse will reveal excellent breast feather detail with a flat breast. Coins usually have satiny luster on the obverse, while the reverse is frosty. Proof coins usually show light striking above the ear, with medium to low cameo contrast. This is a challenging variety to find with good eye appeal.

1878, Reverse of 1878

1878, Reverse of 1879

Availability in Circulated Grades:

The date was released in large quantities at the time of striking which provides for a deep supply of circulated pieces to choose from for today’s collectors. Grades of VG up to AU can be found with very little effort, though many low-grade dollars had their fate in crucibles, especially when the price of silver jumped.

Availability in Mint State Grades:

Another relatively common issue with thousands of specimens to choose from including Gems. Some 1878 7 TF Morgan dollars were found in bag quantities during the Treasury releases of the early 1960s.

Availability in Proof:

Probably something in the neighborhood of 150 to 200 Proofs of the variety are extant. As such, they are rare today. Finding one with a complete strike and great eye appeal will present an even greater challenge.

1878 8 Tail Feathers Morgan Dollar

1878 7/8 Tail Feathers Morgan Dollar

1878 7 Tail Feathers Morgan Dollar

The example to the left was sold by Stack's Bowers Galleries in the November 2012 Baltimore Auction, where it realized $5,875.

1878 7-TF, Reverse of 1878 Morgan Dollar Auction Highlights

1878 7 Tail Feathers Reverse of 1878 Morgan Dollar NGC PR-65 CAM Sold for $31,200   View Lot 4054

1878 7 Tail Feathers Reverse of 1878 Morgan Dollar PCGS PF-63+ CAM, CAC Sold for $16,800   View Lot 9140

1878 7 Tail Feathers Reverse of 1878 Morgan Dollar PCGS PF-64+, CAC Sold for $13,200   View Lot 3030