Assuming the coin is circulated and has no mintmark, the 1878 Morgan is a common coin, but this is the first year of issue and 4 varieties exist. For an accurate assessment of value the coin needs to be seen and graded. Most coins show a lot of wear. In general retail values of low grade coins for the most common type (7-Tail Feathers) are $32.00-$39.00, better grade are $40.00-$43.00 and coins showing almost no wear run from $45.00-$49.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelery or have been cleaned have far less value if any to a collector or dealer.
Chat with our AI personalities
A circulated 1878 Morgan silver dollar can be worth 32 to 156 dollars.
Morgan dollars were made from 1878 to 1904 and in 1921.
Morgan silver dollars were not minted until 1878.
It is not very easy to find out the value of a 1878 morgan silver dollar, because the value varies from $20 to $46000 which depends on the condition of the coin. A specialist could help to find the value of this coin.
Look at the coin again, no US dollar coins were struck in 1832 and the first Morgan was in 1878.