Series: Morgan Dollars 1878-1921
PCGS MS61
Experts consider the 1878 VAM 9 to be the very first die pair used to strike Morgan Dollars, based on identification of a presentation piece once owned by President Rutherford B. Hayes. The reverse is distinctive due to an odd-shaped, diagnostic feather on the right side (viewer's side) of the eagle (see image above). A few Prooflike examples have appeared on the market and they are sometimes called Presentation pieces. PCGS has certified two PL examples.
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