1878 7TF $1 Reverse of 1878 PR67+ PCGS. VAM-131. CAC....

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1878 7 Tailfeathers Morgan, PR67+
Reverse of 1878
The Sole Finest at PCGS

1878 7TF $1 Reverse of 1878 PR67+ PCGS. VAM-131. CAC. Ex: Simpson. The 1878 Seven Tailfeathers proof is one of the keys to the proof Morgan dollar series. These coins were struck in limited quantities, with an unknown mintage. Most examples have the Reverse of 1878, although a small number of rare pieces are known from the Reverse of 1879 hub. Offered here is the sole finest Reverse of 1878 Seven Tailfeathers proof certified at PCGS, a must-have rarity for the Registry collector.

Proof silver dollars were typically sold with silver proof sets, but in 1878, the newly authorized Morgan dollar was sold apart from the normal proof sets. In Morgan Dollar, Michael Standish writes:

"The silver set, having been delivered to the Treasury for sale in January (one month before the authorization of the Morgan dollar), did not include the new dollar coin, but instead featured the trade dollar. The Morgan dollar Proof was sold separately. The cost per coin was $1.25 plus postage -- unless you picked it up in person, in which case postage need not apply."

Mint records indicate that the first delivery of proof Morgan dollars took place in early March, and a total of 500 pieces were struck before the end of the month. These 500 coins are traditionally thought to be the total number of Eight Tailfeathers proofs struck, with the scarcer Seven Tailfeathers coins struck later, although there remains some debate concerning that assessment. There is no official mintage total for the 1878 proof Morgan dollar broken down by subtype.

Concerning the mintage of the Seven Tailfeathers, Reverse of 1878 proof, Dave Bowers writes in A Guide Book of Morgan Silver Dollars, "250 is a popular estimate, although there is no official figure. Van Allen and Mallis suggest that 200 Proofs were struck, all of the VAM-131 variety."

Certified population totals provide little help on the subject of mintage other than to enforce the given that this is a low-mintage proof issue. PCGS reports only 97 grading events for a proof 1878 Seven Tailfeathers, Reverse of 1878 Morgan, including Cameos and non-Cameos. The sole finest of these is the present coin, graded PR67+. This piece is fully struck and beautifully toned in original olive-green, gold, violet, and deep-blue toning around the margins -- probably from an old coin album -- with champagne-tinted interiors. The preservation and eye appeal are exceptional.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 2573, PCGS# 7312, Greysheet# 7874)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View all of [Important Selections from The Bob R. Simpson Collection, Part IV ]

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