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SERIES: Morgan Dollars 1878-1921
LEVEL: Year, MintMark, & Major Variety

1878 8TF $1 (Proof)

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PCGS PR67

PCGS PR65

PCGS PR65
PCGS #:
7311
Diameter:
38.10 millimeters
Designer:
George T. Morgan
Weight:
26.73 grams
Edge:
Reeded
Mintage:
500
Metal Content:
90% Silver, 10% Copper
Auction Record:
$56,400 • PCGS PR66 • 1-4-2017 • Heritage Auctions
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Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 167 R-7.3 8 / 30 TIE 8 / 30 TIE
60 or Better 142 R-7.5 10 / 30 TIE 10 / 30 TIE
65 or Better 17 R-9.2 4 / 30 4 / 30
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 PR67 PCGS grade
2 PR66 PCGS grade  
2 PR66 PCGS grade  
2 PR66 PCGS grade  
2 PR66 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 PR67 PCGS grade
2 PR66 PCGS grade  
2 PR66 PCGS grade  
2 PR66 PCGS grade  
2 PR66 PCGS grade  
2 PR66 PCGS grade  
2 PR66 PCGS grade  
2 PR66 PCGS grade  
2 PR66 PCGS grade  
2 PR66 PCGS grade  

Jaime Hernandez: There are three different varieties of 1878 Morgan Dollars which PCGS recognizes. We recognize the 1878 8TF, the 1878 7TF and the 1878 7TF with Reverse of 1879. These were the first Proof Morgan Dollars struck by the U.S. Mint. It's mintage is significantly smaller than most other dates.

However, there seems to be some disagreement on the mintage of the 1878 Proof Morgan Dollars. Some believe a total of about 500 examples were struck, while others believe as many as about 750 were struck. Regardless of the exact mintage figure, the coins appear to be scarcer than the 750 mintage figure, as fewer examples have been confirmed.