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The 1878 8TF dollar is a relatively scarce first issue of the long-running Morgan series, considered by many as the most popular of all United States coins. Hard to find in all grades, the 1878 8TF is particularly challenging in the Gem MS range and up, with PLs and DMPLs even harder though obtainable for a cost. The reasons behind the relative short issuance of the eight tail feather variety has decidedly ornithological origins: American bald eagles have only seven tail feathers as correctly seen on all Morgan dollars minted after 1878.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Catalog Information
GSID:
7444
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1878
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1878 8TF
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
749,500
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7072
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Coin Value History
1878 8TF $1 MS
Value By Grade
1878 8TF $1 MS
CPG (retail) values
Currency
Grade Range
Grading Authority
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Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS68 |
|
$144,000 | $1,234 |
| MS68 | - | $120,000 | $1,234 |
| MS67 |
|
$1,234 | $1,234 |
| MS67 | - | $1,234 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
| AG2 |
|
$1,234 | $1,234 |
| AG2 | - | $1,234 | $1,234 |
Morgan $1 Pre-1921 MS [Type]
![Morgan $1 Pre-1921 MS [Type]](https://images.greysheet.com/ProductImages/DLRC/194xxx/a15b3867-56c4-4feb-9ccd-68ae7da30226.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $50 – $80,000
Morgan $1 Pre-1921 MS PL [Type]
![Morgan $1 Pre-1921 MS PL [Type]](https://images.greysheet.com/ctc/catalog/90o-pl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $67 – $7,800
Morgan $1 Pre-1921 MS DMPL [Type]
![Morgan $1 Pre-1921 MS DMPL [Type]](https://images.greysheet.com/ctc/catalog/84cc-dmpl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $74 – $60,000
Morgan $1 Carson City Mint MS [Type]
![Morgan $1 Carson City Mint MS [Type]](https://images.greysheet.com/ProductImages/DLRC/416xxx/e90065e0-537f-4db8-b2b8-efacd6817cff.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $145 – $50,000
Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]
![Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]](https://images.greysheet.com/Ctc/CatalogEntry/ha_com_1314_4280-3.20200626010427369.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $320 – $5,400
1878 8TF $1 MS PL
Worth: $200 – $7,800
1878 8TF $1 MS DMPL
Worth: $575 – $27,000
1878 7TF $1 Reverse of 1878 MS
Worth: $50 – $3,200
1878 7TF $1 Reverse of 1878 MS PL
Worth: $77 – $6,600
1878 7TF $1 Reverse of 1878 MS DMPL
Worth: $240 – $42,000
1878 7/8TF $1 Strong MS
Worth: $54 – $26,400
1878 7/8TF $1 Strong MS PL
Worth: $200 – $9,900
1878 7/8TF $1 Strong MS DMPL
Worth: $425 – $30,000
1878 7/8TF $1 Weak MS
Worth: $50 – $3,200
1878 7/8TF $1 Weak MS PL
Worth: $165 – $4,200
1878 8TF $1 Diagonal In 8, VAM-17, MS65 PCGS. CDN: $1,680 Whsle. Bid for NGC/PCGS MS65. Mintage 699,300. ...
$1,830
1878 8TF $1 Diagonal In 8, VAM-17, MS66 NGC. ...
$3,416
1878 8TF $1 Tripled Stars, VAM-16, AU53 PCGS. CDN: $126.50 Whsle. Bid for NGC/PCGS AU53. Mintage 699,300. ...
$154
1878 8TF $1 Doubled Date, VAM-19, MS62 PCGS. CDN: $275 Whsle. Bid for NGC/PCGS MS62. Mintage 699,300. ...
$317
1878 8TF $1 Denticle Chip, VAM-4, MS67 NGC. ...
$20,740
1878 8TF $1 Tripled Stars, VAM-16, MS61 PCGS. CDN: $230 Whsle. Bid for NGC/PCGS MS61. Mintage 699,300. ...
$244
1878 8TF $1 Diagonal In 8, VAM-17, MS64 PCGS. CDN: $500 Whsle. Bid for NGC/PCGS MS64. Mintage 699,300. ...
$525
1878 8TF $1 Diagonal In 8, VAM-17, MS63 PCGS. CDN: $425 Whsle. Bid for NGC/PCGS MS63. Mintage 699,300. ...
$439
1878 Morgan Silver Dollar. 8 Tailfeathers. Unc Details--Cleaned (PCGS).
$220
1878 8TF $1 Spear Point, VAM-14.1, AU50 ANACS. Mintage 699,300. ...
$129
1878 8TF $1 Alligator Eye, VAM-14.1A, AU58 ANACS. Mintage 699,300. ...
$226
1878 Morgan Silver Dollar. 8 Tailfeathers. VAM-14.20. Hit List 40 Variety. Last 8TF Discovery. EF-40 (PCGS). CAC.
$4,148
1878 8TF $1 Lines in LIB, VAM-2, MS60 NGC. CDN: $200 Whsle. Bid for NGC/PCGS MS60. Mintage 699,300. ...
$207
1878 8TF $1 Notched Star, VAM-12, XF45 PCGS. CDN: $99.38 Whsle. Bid for NGC/PCGS XF45. Mintage 699,300. ...
$129
1878 8TF $1 Doubled Date, VAM-19, AU55 ANACS. A Top 100 Variety. Housed in a small-sized holder. ...
$159
1878 Morgan Silver Dollar. 8 Tailfeathers. VF-35 (PCGS). CAC.
$149
1878 8TF $1 Open Nostril, VAM-14.5, VF20 PCGS. A Hot 50 Variety. PCGS Population: (3/97 and 0/0+)....
$149
1878 8TF $1 Spiked Eye, VAM-14.8, VG8 PCGS. PCGS Population: (1/52 and 0/0+). ...
$94
1878 8TF $1 Doubled Eyelid, VAM-14.13, Good 6 PCGS. PCGS Population: (3/43). ...
$134
1878 8TF $1 Lines in Hair, VAM-14.15, VF30 PCGS. PCGS Population: (7/47). ...
$630
Greysheet News
Special Quarters Created in July 4 Action
9/8/2026
The Business of Numismatics: September 2026 Greysheet Editor's Letter
Outside of the direct trading of coins, our industry has seen some shake up recently on the data and information front.
9/7/2026
1893-S Morgan Dollar Realizes $1,181,250 at GreatCollections
Brings More Than 50% Over PCGS Price Guide — a Record for the Date in Gem Mint State.
9/4/2026
Events
Heritage Auctions: US Coins Tuesday & Wednesday Select Auction
Location: Heritage Auctions
Wednesday, July 1, 2026
Heritage Auctions: World & Ancient Coins Wednesday & Thursday Select Auction
Location: Heritage Auctions
Thursday, July 2, 2026
