Morgan Silver Dollar
1878 Morgan Silver Dollar. 8 Tailfeathers. MS-65 (PCGS). CAC. OGH.
This fully struck, richly frosted example offers strong eye appeal to overall brilliant surfaces. The 8 Tailfeathers reverse was used for only a few weeks beginning on March 12, 1878, at the onset of Morgan silver dollar production. While no records were kept regarding how many coins were struck from dies made using this reverse hub, the best estimate is that around 750,000 circulation strikes. Soon after, along with other design modifications and improvements, the number of tail feathers was decreased to seven and every subsequent issue in the Morgan dollar series bears this feather count. Released in quantity beginning in the year of issue, and followed up by other distributions from Treasury Department stocks through the early 1960s, Mint State examples of the 1878 8 Tailfeathers have long been plentiful in numismatic circles. Demand for high grade examples is particularly strong, as this is a one year design type in one of the most popular of all classic U.S. coin series. This lovely Gem is sure to see spirited bidding.
PCGS# 7072. NGC ID: 253H.
From the Larry H. Miller Collection.
Estimate: $1250