Check on the back to find the mint mark letter. Numismedia lists the following approximate retail values as of 02/2010:
"CC" mint mark (Carson City):
Very worn condition - $480
Moderately worn - $760
Slightly worn - $1,620
Almost no wear - $6,234
Uncirculated - $14,100 to $193,750 depending on quality
"S" mint mark (San Francisco):
Very worn condition - $84
Moderately worn - $144
Slightly worn - $162
Almost no wear - $365
Uncirculated - $990 to $60,630
The Philadelphia issue (no mintmark) 1878 Trade Dollar is a Proof only issue with a retail value of $1,500.00 and much more. But the entire series is known to have counterfeits and copy's, so take it to a coin dealer for an assessment.
No Trade dollars were struck in 1889
$100 to $265,000 depending upon the condition and mint mark of the coin.
JMD - Jamaica Dollar. But they do a lot of trade in USD too.
The first year Trade Dollars were issued was 1873. Many wrong-date counterfeits exist. If it does have "TRADE DOLLAR" on the reverse. It is definitely a fake. If not, it's a 1872 Seated Liberty dollar that needs to be seen for an accurate value. Take it to a coin dealer.
what is the current value of an 1878 silver dollar
The Philadelphia issue (no mintmark) 1878 Trade Dollar is a Proof only issue with a retail value of $1,500.00 and much more. But the entire series is known to have counterfeits and copy's, so take it to a coin dealer for an assessment.
The Liberty head design was used on over several different coins in 1878. Please post a new question with the coin's denomination, with the wording "What is the value of an 1878 US (coin denomination)?" e.g. What is the value of an 1878 US silver dollar? or What is the value of an 1878 US 10 dollar gold piece.
1878 was the first year of issue for the Morgan dollar and there are 5 different major varieties of the 1878 Morgan dollar, plus there are 2 different mintmarks. The most common type in circulated condition is $25.00 to $50.00
No Trade dollars were struck in 1889
A US Trade Dollar dated 1795 is a fake, they were struck from 1873-1885
These usually sell in internet auctions for about $1500.
Trade dollars are made by the US not Canada.
Look at the coin again, no US dollar coins were struck in 1832 and the first Morgan was in 1878.
No such (genuine) coin exists, the first US trade dollar was struck in 1873.
$100 to $265,000 depending upon the condition and mint mark of the coin.
A silver dollar with the national motto on it dated 1878 is actually called a MORGAN dollar, most all US coins have this motto somewhere on the coin. It's a very common coin with a retail value of $38.00-$44.00 for most coins.