1878 was the first year of issue for this coin. Of the 5 types of 1878 Morgan Dollars the values for the coins are about the same for circulated examples $39.00-$55.00 depending on grade and type.
The US struck a gold and silver one dollar coin in 1878, post new question as to type of coin.
The most common type of 1878 Morgan sells for $17.00-$30.00 in circulated grades
The mint mark (if it has one) on all Morgan (1878-1904 & 1921) silver dollars is on the reverse of the coin, just above the letters "DO" in dollar.
Of the 4 types of 1878 Morgan Dollars the values for the coins are about the same for circulated examples $17.00-$55.00 depending on grade and type.
Look at the coin again, the first Morgan dollar was struck in 1878. With a date of 1862 the coin is one of the Seated Liberty series (1840-1873) an would have values of $550.00 to $1,500.00 or more depending on the grade.
The US struck a gold and silver one dollar coin in 1878, post new question as to type of coin.
The most common type of 1878 Morgan sells for $17.00-$30.00 in circulated grades
The mint mark (if it has one) on all Morgan (1878-1904 & 1921) silver dollars is on the reverse of the coin, just above the letters "DO" in dollar.
The denomination of the coin is a DOLLAR not a POUND and is referred to as a Morgan dollar. The coin is common and has retail values of $17.00-$26.00
Of the 4 types of 1878 Morgan Dollars the values for the coins are about the same for circulated examples $17.00-$55.00 depending on grade and type.
Look at the coin again, the first Morgan dollar was struck in 1878. With a date of 1862 the coin is one of the Seated Liberty series (1840-1873) an would have values of $550.00 to $1,500.00 or more depending on the grade.
It is a coin worth one dollar.
An 1878-S Morgan Dollar can be worth anywhere from $5 to $300. The price depends on the exact condition (on the numismatic grading scale) and the state of the market at the time of sale/purchase. An 1878-S Morgan in what one might call "excellent" condition is likely to be worth approximately $50. Take your dollar coin to a local coin dealer/shop to find out its exact worth.
A "one dollar" coin has the value of one dollar!
I'm assuming that you are referring to the Morgan Dollar, 1878-1921. The mintmark (D, S, CC, or O) appears on the reverse of the coin underneath the eagle.
7-16-11>>> With the date of 1882 the coin is a Morgan dollar(1878-1904 & 1921) and if the coin has one, the mint mark on all Morgan dollars is on the back above the letters DO in the word dollar. It can only be a "O", "S" or "CC" mintmark. If the coin has no mintmark it was struck in Philadelphia.
Because it is just a one dollar coin.