The History and Value of the First Year Morgan Silver Dollar

The Morgan Silver Dollar is one of the most iconic coins in American history. First minted in 1878, the Morgan Silver Dollar was the first silver dollar to be minted after the Coinage Act of 1873. The Coinage Act of 1873 ended the production of the Seated Liberty Dollar, which had been in circulation since 1840. The Morgan Silver Dollar was designed by George T. Morgan, who was the seventh Chief Engraver of the United States Mint. The obverse of the coin features a profile of Lady Liberty, while the reverse features an eagle with outstretched wings. The Morgan Silver Dollar was minted from 1878 to 1904, and again in 1921. The first year Morgan Silver Dollar is especially sought after by collectors. The 1878 Morgan Silver Dollar is the only Morgan Silver Dollar to feature an 8 Tail Feather Reverse. All other Morgan Silver Dollars feature 7 Tail Feathers. The 1878 Morgan Silver Dollar is also the only Morgan Silver Dollar to feature a reverse with the words “In God We Trust”. The value of the first year Morgan Silver Dollar depends on its condition. A circulated 1878 Morgan Silver Dollar can be worth anywhere from $20 to $50, while an uncirculated 1878 Morgan Silver Dollar can be worth anywhere from $100 to $500. The value of the 1878 Morgan Silver Dollar can also be affected by its mint mark. The 1878 Morgan Silver Dollar was minted in Philadelphia, San Francisco, and Carson City. The Carson City Morgan Silver Dollar is the most valuable, with an uncirculated coin being worth up to $2,000. The first year Morgan Silver Dollar is an iconic coin that is highly sought after by collectors. With its unique design and historical significance, the 1878 Morgan Silver Dollar is a great addition to any coin collection.