1878

The “1878 Morgan silver dollar 7 tail feathers” designation refers to a specific variety of the initial year of Morgan dollar production. These coins are distinguished by the depiction of seven tail feathers on the eagle featured on the reverse (back) of the coin. This contrasts with later versions which display eight tail feathers. A detailed examination of the reverse is necessary to identify this variety.

The historical significance stems from its being one of the first coins minted under the Bland-Allison Act of 1878, which mandated the purchase of large quantities of silver for coinage. The initial design was quickly modified, leading to the seven-feather variety being produced for a limited time and therefore sought after by collectors. Its importance lies in its role as an early example of the Morgan dollar and a tangible artifact from a period of significant monetary policy change. The relative scarcity compared to other Morgan dollars contributes to its collector interest.

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The worth of a specific vintage of United States currency is influenced by several key determinants. These encompass the coin’s condition, mint mark (indicating where it was produced), and the overall demand from collectors and investors. For instance, an 1878 silver dollar in pristine, uncirculated condition from a less common minting facility will typically command a higher price than a well-worn example from a more prolific mint.

Understanding the factors that contribute to the price of these coins is essential for both numismatists and individuals considering buying or selling them. Historical significance also plays a role; the era in which the coin was produced, along with any notable events surrounding its minting, can significantly impact its perceived value. The coin’s metal content (silver) also contributes to its baseline worth, fluctuating with market prices.

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The worth of a specific United States coin, minted in 1878 at the Carson City Mint, featuring the Morgan silver dollar design, is a topic of considerable interest to numismatists and investors. This value is determined by a confluence of factors including the coin’s condition (graded on a scale), its rarity (affected by mintage figures and survival rates), and current market demand. For instance, a coin in circulated condition might possess a modest price, while an uncirculated example with exceptional eye appeal could command a significantly higher premium.

Understanding the factors influencing this price is essential for both collectors seeking to expand their holdings and individuals considering selling such a coin. The historical context of the Carson City Mint, known for its relatively low mintage figures compared to other mints, contributes to the inherent desirability of these coins. Their silver content also provides a baseline underlying value, subject to fluctuations in the precious metals market. This confluence of rarity, historical significance, and intrinsic metal content often translates into a potentially substantial financial asset.

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