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    1878 Morgan Dollar, PR67 Cameo
    Popular Early 8 Tailfeathers Design
    Single-Finest Certified at PCGS

    1878 8TF $1 PR67 Cameo PCGS. The reverse die used to strike the first Morgan dollars in 1878 showed an eagle with eight tailfeathers, a feature that was modified later in the year to the more naturalistic 7 tailfeathers design. Silver proof sets containing an example of the Trade dollar were issued early in the year, before the Morgan dollar was authorized. It is believed that the Morgan dollar proofs of the 8 tailfeathers design were offered individually later, at the cost of $1.25 per coin, plus postage. Mint records indicate a total of 300 proof Morgan dollars were delivered in three separate deliveries between March 12 and March 18, 1878. These coins almost certainly exhibited the 8 tailfeathers design. A further delivery of 200 proof examples was delivered on March 26, which may, or may not, have been 8 tailfeathers coins. Some experts believe only 300 examples of the 8 tailfeathers proofs were struck, based on the frequency of appearance of this issue today, but the 2015 Guide Book opts for the more generous 500 piece mintage figure. In any case, the issue is avidly sought by collectors seeking an example of this popular short-lived design type and the small supply of proofs is not adequate to satisfy the demand.

    The present coin is a stunning Superb Gem, with razor-sharp definition on all design elements and deeply mirrored fields that contrast boldly with the frosty devices, producing a dramatic cameo effect. The impeccably preserved surfaces are essentially brilliant, but a few subtle hints of pale gold toning are evident at certain angles. Eye appeal is terrific. This coin is the single-finest certified at PCGS and is destined for the finest collection or Registry Set. Population: 1 in 67 Cameo, 0 finer (12/14).(Registry values: N7079)

    Coin Index Numbers: (NGC ID# 2572, PCGS# 87311)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 1,419

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

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