{"product_id":"gu-jin-jian-bao-hui-shou-1878nian-mei-guo-mo-gen-yin-bi","title":"1878 Morgan Dollar silver coins. Buyback | Gu Jin Jian Bao","description":"\u003cdiv class=\"flex max-w-full flex-col flex-grow\"\u003e\u003cdiv class=\"min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+\u0026]:mt-5\" data-message-author-role=\"assistant\" data-message-id=\"699c1056-c4d6-45ba-be0f-5685f5e1a699\" dir=\"auto\"\u003e\u003cdiv class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\"\u003e\u003cdiv class=\"markdown prose w-full break-words dark:prose-invert light\"\u003e\u003cp\u003eThe Morgan\u003ca href=\"\/en\/collections\/%E9%8A%80%E5%85%83\" title=\"silver coin\"\u003eDollar\u003c\/a\u003eis one of the most famous and popular silver coins in American history, named after its obverse designer, George T. Morgan. The Morgan Dollar was first minted in 1878 and production ceased in 1904, before being resumed for one year in 1921 due to demand. During its minting period, the Morgan Dollar became a favored item for many collectors and investors due to its unique design, historical background, and high silver content.\u003c\/p\u003e\u003cp\u003e1. Design and Features\u003c\/p\u003e\u003cp\u003eThe obverse of the Morgan Dollar features a depiction of Lady Liberty designed by George T. Morgan. Lady Liberty wears a cap band inscribed with\"LIBERTY\"and adorned with agricultural motifs, symbolizing American prosperity and freedom. Surrounding Liberty are 13 stars, representing the original 13 American colonies, with\"E PLURIBUS UNUM\"(Out of Many, One) inscribed at the top and the minting year at the bottom. The reverse design features a majestic American bald eagle with outstretched wings, clutching an olive branch and arrows in its talons, symbolizing the balance of peace and war. Above the eagle is inscribed\"IN GOD WE TRUST,\"and around the edge are the legends\"UNITED STATES OF AMERICA\"and\"ONE DOLLAR.\"\u003c\/p\u003e\u003cp\u003e2. Historical Background\u003c\/p\u003e\u003cp\u003eThe minting of the Morgan Dollar began in 1878, following the Coinage Act of 1873, and was introduced due to fluctuating silver prices and the U.S. government's policy of supporting the silver mining industry (Bland-Allison Act). Morgan Dollars were initially minted at the Philadelphia Mint, and subsequently at several other mints including San Francisco, Carson City, and New Orleans. The history of the Morgan Dollar is intertwined with the American West's gold rush and the heyday of silver production. This silver coin circulated not only within the United States but also played an important role in international trade.\u003c\/p\u003e\u003cp\u003e3. Rarity and Collectible Value\u003c\/p\u003e\u003cp\u003eThe Morgan Dollar's rich historical background, different mint marks (P, S, O, CC), and varying mintage numbers across years contribute to its extensive collectible value. Particularly, rare years or versions issued by rare mints (such as the\"CC\"mark from the Carson City Mint) can fetch very high-prices in the auction market.\u003c\/p\u003e\u003cp\u003eFurthermore, the Morgan Dollar is made of 90% silver and boasts an exquisite design, making it a significant item for investment and collection in the modern market. The value of Morgan Dollars varies based on their condition (wear and tear), mintage year, and mint mark. Uncirculated coins and high-grade Morgan Dollars typically command substantial prices.\u003c\/p\u003e\u003cp\u003e4. Morgan Dollar Resale Value\u003c\/p\u003e\u003cp\u003eDue to its high silver content, the resale value of Morgan Dollars is usually influenced by fluctuations in the silver market price. However, beyond the intrinsic value of the metal, Morgan Dollars also possess significant historical, artistic, and collectible value. Therefore, rare years or those with special mint marks often have a resale price far exceeding their silver content value.\u003c\/p\u003e\u003ch3 data-path-to-node=\"0\"\u003e1878 First Minting Exclusive Code: The Historical Evolution of Eagle Tail Feather Count\u003c\/h3\u003e\u003cp data-path-to-node=\"1\"\u003eThe year 1878 holds an extremely high status in the numismatic collecting world as the first year of issue for the Morgan Dollar. What collectors find most fascinating about this year is the frequent revisions to the eagle's\"Tail Feathers (TF)\"count on the reverse. Due to contemporary controversy over the true anatomical structure of the bald eagle, the U.S. Mint modified the dies multiple times within a single year, creating several unique varieties for 1878. This directly impacts the\u003cb data-index-in-node=\"147\" data-path-to-node=\"1\"\u003e1878 Morgan Dollar buyback price\u003c\/b\u003eand market trends.\u003c\/p\u003e\u003cp data-path-to-node=\"2\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"2\"\u003e1878 Morgan Dollar Main Tail Feather Varieties and Rarity Comparison Table\u003c\/b\u003e\u003c\/p\u003e\u003ctable width=\"100%\"\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd style=\"width: 12.8159%;\"\u003e\u003cstrong\u003eVariety Name\u003c\/strong\u003e\u003c\/td\u003e\u003ctd style=\"width: 52.5271%;\"\u003e\u003cstrong\u003eVariety Characteristics and Historical Background\u003c\/strong\u003e\u003c\/td\u003e\u003ctd style=\"width: 34.1155%;\"\u003e\u003cstrong\u003eCollectible Rarity and Market Demand\u003c\/strong\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003ctr\u003e\u003ctd style=\"width: 12.8159%;\"\u003e\u003cspan data-path-to-node=\"3,1,0,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"3,1,0,0\"\u003e8 Tail Feathers (8 TF)\u003c\/b\u003e\u003c\/span\u003e\u003c\/td\u003e\u003ctd style=\"width: 52.5271%;\"\u003e\u003cspan data-path-to-node=\"3,1,1,0\"\u003eThe original design. George Morgan's initial eagle design had 8 tail feathers, but soon after issue, ornithologists pointed out that real bald eagles only have 7 tail feathers, prompting the Mint to urgently modify the dies.\u003c\/span\u003e\u003c\/td\u003e\u003ctd style=\"width: 34.1155%;\"\u003e\u003cspan data-path-to-node=\"3,1,2,0\"\u003eSignificant historical importance, as the\"first of the first editions,\"highly sought after in the\u003cb data-index-in-node=\"19\" data-path-to-node=\"3,1,2,0\"\u003eold silver coin collecting\u003c\/b\u003emarket. Well-preserved specimens command a significant premium.\u003c\/span\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003ctr\u003e\u003ctd style=\"width: 12.8159%;\"\u003e\u003cspan data-path-to-node=\"3,2,0,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"3,2,0,0\"\u003e7 Tail Feathers (7 TF)\u003c\/b\u003e\u003c\/span\u003e\u003c\/td\u003e\u003ctd style=\"width: 52.5271%;\"\u003e\u003cspan data-path-to-node=\"3,2,1,0\"\u003eRevised design. To conform to biological accuracy, the Mint reduced the number of tail feathers to 7. This became the standard design for all subsequent Morgan Dollars (1878-1921).\u003c\/span\u003e\u003c\/td\u003e\u003ctd style=\"width: 34.1155%;\"\u003e\u003cspan data-path-to-node=\"3,2,2,0\"\u003eThe most widely minted variety of 1878. Though relatively common, high-grade (e.g., MS64 and above)\u003cb data-index-in-node=\"35\" data-path-to-node=\"3,2,2,0\"\u003eoriginal luster Morgan Dollars\u003c\/b\u003estill possess significant investment value.\u003c\/span\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003ctr\u003e\u003ctd style=\"width: 12.8159%;\"\u003e\u003cspan data-path-to-node=\"3,3,0,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"3,3,0,0\"\u003e7 Over 8 Tail Feathers (7\/8 TF)\u003c\/b\u003e\u003c\/span\u003e\u003c\/td\u003e\u003ctd style=\"width: 52.5271%;\"\u003e\u003cspan data-path-to-node=\"3,3,1,0\"\u003eA transitional error coin phenomenon. To save costs, mint workers directly over-punched the 7-feather design onto the existing 8-feather dies, resulting in faint traces of the original feathers visible beneath the 7 feathers (usually 3 to 5 ghost feathers are discernible).\u003c\/span\u003e\u003c\/td\u003e\u003ctd style=\"width: 34.1155%;\"\u003e\u003cspan data-path-to-node=\"3,3,2,0\"\u003eThe most intriguing and discussed variety, highly favored by\u003cb data-index-in-node=\"15\" data-path-to-node=\"3,3,2,0\"\u003eerror coin collectors\u003c\/b\u003e. 7\/8 TF varieties authenticated by reputable grading services like PCGS or NGC typically sell for high-prices.\u003c\/span\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/tbody\u003e\u003c\/table\u003e\u003ch3 data-path-to-node=\"10\"\u003eProfessional Perspective: Four Key Factors Affecting Morgan Silver Dollar Resale Prices\u003c\/h3\u003e\u003cp data-path-to-node=\"11\"\u003eIf you possess an 1878 Morgan Dollar passed down through your family or acquired early on, understanding the following valuation standards can help you better grasp its true market value before seeking\u003cb data-index-in-node=\"27\" data-path-to-node=\"11\"\u003ewhere to sell Morgan Dollars\u003c\/b\u003e:\u003c\/p\u003e\u003col\u003e\u003cli data-path-to-node=\"12,0,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"12,0,0\"\u003eCondition \u0026 Grading:\u003c\/b\u003eThis is the most crucial factor determining price. From heavily worn common grades (VG\/F) to uncirculated conditions (AU), and up to perfect original luster (Mint State, MS series). Coins graded and encapsulated by reputable U.S. grading services (such as PCGS or NGC) have the highest market liquidity and credibility.\u003c\/li\u003e\u003cli data-path-to-node=\"12,1,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"12,1,0\"\u003eCoin Toning:\u003c\/b\u003eOver time, silver coins oxidize upon contact with air, forming various colored tonings on their surfaces. Naturally occurring and beautifully colored\"Rainbow Toning\"or\"Deep Toning\"can significantly increase a coin's premium.\u003c\/li\u003e\u003cli data-path-to-node=\"12,2,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"12,2,0\"\u003eCleaning Marks (Cleaned\/Wiped):\u003c\/b\u003eIt is strongly advised\u003cb data-index-in-node=\"26\" data-path-to-node=\"12,2,0\"\u003enever to wipe or use chemical agents to clean old silver coins yourself\u003c\/b\u003e. Improper cleaning can damage the coin's original luster, leaving behind fine scratches. This is referred to as\"cleaned\"in numismatic authentication and can drastically reduce its collectible value, sometimes leaving only the intrinsic value of the silver itself.\u003c\/li\u003e\u003cli data-path-to-node=\"12,3,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"12,3,0\"\u003eEdge and Rim Damage:\u003c\/b\u003eMorgan Dollars weigh 26.73 grams and are relatively soft, making their edges prone to dents from dropping (Rim Ding). Coins with complete and undamaged edges are more advantageous in the evaluation for\u003cb data-index-in-node=\"72\" data-path-to-node=\"12,3,0\"\u003ehigh-price ancient coin buyback\u003c\/b\u003e.\u003c\/li\u003e\u003c\/ol\u003e\u003c\/div\u003e\u003c\/div\u003e\u003c\/div\u003e\u003c\/div\u003e\u003chr\/\u003e\u003cp\u003e\u003cstrong\u003eRecommended Similar Buyback Series\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\u003cli\u003e\u003ca href=\"\/en\/collections\/%E5%9B%9E%E6%94%B6%E5%9C%8B%E5%A4%96%E9%8A%80%E5%B9%A3\" title=\"Guo Wai silver coin Xi Lie\"\u003eForeign Silver Coin Series\u003c\/a\u003e\u003c\/li\u003e\u003cli\u003e\u003ca href=\"\/en\/collections\/%E5%9B%9E%E6%94%B6%E6%97%A5%E6%9C%AC%E9%8A%80%E5%B9%A3\" title=\"Japan silver coin Xi Lie\"\u003eJapanese Silver Coin Series\u003c\/a\u003e\u003c\/li\u003e\u003cli\u003e\u003ca href=\"\/en\/collections\/%E9%8A%80%E5%85%83\" title=\"Suo You silver dollar Xi Lie\"\u003eAll Silver Dollar Series\u003c\/a\u003e\u003c\/li\u003e\u003c\/ul\u003e\u003cp\u003e\u003cstrong\u003eYou might also be interested in: Popular Similar Buyback Items\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\u003cli\u003e\u003ca href=\"\/en\/products\/%E5%8F%A4%E9%87%91%E9%91%92%E5%AF%B6-%E5%9B%9E%E6%94%B618%E4%B8%96%E7%B4%80%E8%A5%BF%E7%8F%AD%E7%89%99%E4%BA%BA%E5%83%8F%E9%9B%99%E6%9F%B1%E9%8A%80%E5%B9%A3\" title=\"【 Gu Jin Jian Bao 】 buyback 18 shi ji xi ban ya ren xiang shuang zhu silver coin\"\u003e【Gu Jin Jian Bao】Buyback 18th Century Spanish Portrait 8 Reales Silver Coin\u003c\/a\u003e\u003c\/li\u003e\u003cli\u003e\u003ca href=\"\/en\/products\/%E5%8F%A4%E9%87%91%E9%91%92%E5%AF%B6-%E5%9B%9E%E6%94%B6%E7%BE%8E%E5%9C%8B%E8%87%AA%E7%94%B1%E5%A5%B3%E7%A5%9E%E5%83%8F-%E9%8A%80%E5%B9%A3-%E9%B9%B0%E6%89%AC%E9%93%B6%E5%B8%81%E5%83%B9%E6%A0%BC\" title=\"【 Gu Jin Jian Bao 】 buyback Mei Guo Zi You Nv Shen Xiang silver coin \/ Ying Yang Yin Bi price\"\u003e【Gu Jin Jian Bao】Buyback US Liberty Silver Coin \/ American Silver Eagle Price\u003c\/a\u003e\u003c\/li\u003e\u003cli\u003e\u003ca href=\"\/en\/products\/%E5%8F%A4%E9%87%91%E9%91%92%E5%AF%B6-%E5%9B%9E%E6%94%B61882%E5%B9%B4%E5%A2%A8%E8%A5%BF%E5%93%A5-%E9%B7%B9%E6%B4%8B%E9%8A%80%E5%B9%A3\" title=\"【 Gu Jin Jian Bao 】 buyback 1882 Year Mo Xi Ge Ying Yang silver coin\"\u003e【Gu Jin Jian Bao】Buyback 1882 Mexico Eagle Silver Coin\u003c\/a\u003e\u003c\/li\u003e\u003c\/ul\u003e\u003cp\u003eThe authenticity, condition, and variety of silver coins all affect their resale value. Please\u003ca href=\"\/en\/pages\/contact\" title=\"Lian Luo Gu Jin Jian Bao\"\u003eWhatsApp 98342057\u003c\/a\u003ewith photos for a quote.\u003ca href=\"\/en\" title=\"Gu Jin Jian Bao Hong Kong ancient coins authentication buyback\"\u003eGu Jin Jian Bao\u003c\/a\u003eexperts will appraise each coin individually, never providing a generalized estimate. Browse\u003ca href=\"\/en\/collections\/all\" title=\"Suo You buyback Chan Pin Xi Lie\"\u003eall Buyback products\u003c\/a\u003e.\u003c\/p\u003e","brand":"古金鑒寶","offers":[{"title":"Default Title","offer_id":41741067812937,"sku":null,"price":99999.0,"currency_code":"HKD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0572\/7315\/5657\/files\/1_dc7547db-3e0b-4760-ace9-80e28d46e4a8.jpg?v=1726648687","url":"https:\/\/hkancientcoin.com\/en\/products\/1878-morgan-dollar-silver-coins-buyback-gu-jin-jian-bao","provider":"古金鑒寶","version":"1.0","type":"link"}