1878 8TF $1 (Proof)

Series: Morgan Dollars 1878-1921

PCGS PR67+

PCGS PR67

PCGS #:: 7311

Designer:: George T. Morgan

Edge:: Reeded

Diameter:: 38.10 millimeters

Weight:: 26.73 grams

Mintage:: 500

Mint:: Philadelphia

Metal:: 90% Silver, 10% Copper

Auction Record:: $56,400 • PR66 • 01-04-2017 • Heritage Auctions

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Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts' opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity By Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity By Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
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

Survival Estimate
All Grades	167
60 or Better	142
65 or Better	17

Numismatic Rarity
All Grades	R-7.3
60 or Better	R-7.5
65 or Better	R-9.2

Relative Rarity By Type All Specs in this Type
All Grades	8 / 30 TIE
60 or Better	10 / 30 TIE
65 or Better	4 / 30

Relative Rarity By Series All Specs in this Series
All Grades	8 / 30 TIE
60 or Better	10 / 30 TIE
65 or Better	4 / 30

Condition Census What Is This?

Pos	Grade	Image	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

#1 PR67 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.