1878 Morgan Silver Dollar Value, CC Mint, No Mark & Where to Buy

The 1878 Morgan Silver Dollar isn’t just a coin—it’s a piece of American history. For both coin collectors and precious metal investors, this dollar holds a timeless appeal. Minted after the passage of the Bland-Allison Act, this was the very first year the Morgan Dollar was produced. Whether you’re eyeing its historical significance, silver content, or market value, the 1878 Morgan Silver Dollar is a standout piece in the world of numismatics.

In this guide by Gibraltar Group, we’ll cover everything you need to know: its varieties, mint marks (including the famous 1878 Morgan Silver Dollar CC), value trends, and where to find an authentic piece today.

A Brief History of the 1878 Morgan Silver Dollar

Designed by George T. Morgan, this silver dollar was introduced to replace the Seated Liberty Dollar and mark a fresh start in U.S. coinage. It was struck in 1878 and remained in production until 1904, and briefly again in 1921.

The 1878 edition stands out because it marked the first year of mintage and was produced at multiple U.S. mints:

Philadelphia (no mint mark)
Carson City (CC)
San Francisco (S)

This variation in mint marks is what makes 1878 Morgan Silver Dollars so fascinating—and often valuable.

Varieties of the 1878 Morgan Silver Dollar

One of the reasons collectors love the 1878 Morgan Dollar is because of the multiple design variations and mint marks available.

1. 1878 Morgan Silver Dollar No Mint Mark (Philadelphia)

This version has no mint mark and was struck in Philadelphia. Within this type, there are additional varieties like:

8 Tail Feathers
7 Tail Feathers – Reverse of 1878
7 Tail Feathers – Reverse of 1879

These differences can significantly affect a coin’s value and desirability.

2. 1878 Morgan Silver Dollar CC (Carson City)

Struck in the legendary Carson City Mint, this coin features the iconic “CC” mint mark. The Carson City issues are highly sought after due to their low mintage and historical importance. With fewer than 2 million minted, the 1878 Morgan Silver Dollar CC is a true collector’s gem.

3. 1878 Morgan Silver Dollar S (San Francisco)

These coins carry the “S” mint mark and are known for their strong strikes and slightly higher mintage compared to Carson City coins.

What Is the Value of the 1878 Morgan Silver Dollar?

The 1878 Morgan Silver Dollar value depends on several key factors:

Mint mark and variety
Condition or grade (MS65, MS70, etc.)
Rarity
Proof or business strike

Here’s a rough guide:

Type	Estimated Value Range
1878 (No Mint Mark)	$45 – $300+
1878 Morgan Silver Dollar CC	$150 – $2,000+
1878 S (San Francisco)	$60 – $500+
One Pound 1878 Morgan Silver Dollar Proof	$500 – $5,000+*

*Note: “One Pound 1878 Morgan Silver Dollar Proof” often refers to commemorative or replica coins in bullion collections and may not be original U.S. Mint issues. Always verify authenticity.

How to Identify a Genuine 1878 Morgan Dollar

With increasing demand, counterfeit coins are unfortunately common. Here are a few tips:

Weight Check: Genuine Morgan Silver Dollars weigh around 26.73 grams.
Magnet Test: Silver is non-magnetic. If it sticks to a magnet, it’s fake.
Sound Test: Silver coins have a distinct ring.
Professional Grading: Look for coins graded by PCGS or NGC.

At Gibraltar Group, we recommend only buying from trusted dealers or certified platforms.

Investing in the 1878 Morgan Silver Dollar

For investors, the 1878 Morgan Dollar is more than just a collectible — it’s a tangible asset made from 90% silver and 10% copper. Here’s why it’s a smart investment:

Historic Demand: As the first Morgan Dollar year, demand is consistent.
Silver Bullion Hedge: Offers a hedge against inflation and market volatility.
Limited Supply: Finite number of genuine 1878 issues, especially CC mint.

Want to diversify your holdings with something beautiful and potentially profitable? Then the 1878 Morgan Silver Dollar for sale at trusted outlets is worth a look.

Where to Buy Authentic 1878 Morgan Silver Dollars

Looking for authentic pieces? Gibraltar Group offers carefully vetted and authenticated coins for both collectors and investors. Whether you’re interested in the 1878 Morgan Silver Dollar CC, no mint mark varieties, or even one pound proof editions, you can trust our catalog for quality and integrity.

Before purchasing, always ask:

Is the coin graded?
Are high-resolution images available?
Is it backed by a return policy?

You can explore our current listings of 1878 Morgan Silver Dollars for sale and other premium bullion pieces on our website.

Final Thoughts

The 1878 Morgan Silver Dollar is a timeless classic—rich in history, made with valuable silver, and cherished by both investors and collectors. Whether you’re starting your numismatic journey or adding to a growing portfolio, this coin stands out for all the right reasons.

So, if you’re asking:

What’s the 1878 Morgan Silver Dollar value?
Should I buy a 1878 Morgan Silver Dollar CC?
Where can I find an 1878 Morgan Silver Dollar for sale?

Then look no further than Gibraltar Group—your trusted source for premium silver coins.