1878-S Morgan Silver Dollar 7 Tail Feathers Value
If you're a collector of rare coins, the 1878-S Morgan Silver Dollar with 7 tail feathers is a must-have in your collection. The 7 tail feathers variety was only produced in 1878 and is a rare find for collectors. In this article, we will discuss the value of the 1878-S Morgan Silver Dollar with 7 tail feathers and what makes it so valuable.
History of the 1878-S Morgan Silver Dollar
The Morgan Silver Dollar was first produced in 1878 and was named after its designer, George T. Morgan. The 1878-S Morgan Silver Dollar with 7 tail feathers was minted at the San Francisco Mint and is one of the rarest varieties of the Morgan Silver Dollar. It is estimated that only 3% of all Morgan Silver Dollars produced were the 7 tail feathers variety.
What Makes the 1878-S Morgan Silver Dollar with 7 Tail Feathers Valuable?
There are several factors that contribute to the value of the 1878-S Morgan Silver Dollar with 7 tail feathers. Firstly, its rarity is a major factor. As mentioned earlier, only 3% of all Morgan Silver Dollars produced were the 7 tail feathers variety, making it a rare find for collectors. Secondly, its historical significance adds to its value. The Morgan Silver Dollar was produced during a time of great change in America, and owning a piece of history is always valuable to collectors.
Factors That Affect the Value of the 1878-S Morgan Silver Dollar with 7 Tail Feathers
Several factors can affect the value of the 1878-S Morgan Silver Dollar with 7 tail feathers. These include the condition of the coin, the rarity of the variety, and the demand among collectors. The better the condition of the coin, the higher the value it will have. Additionally, if the 7 tail feathers variety is in high demand among collectors, the value will also increase.
How to Determine the Value of the 1878-S Morgan Silver Dollar with 7 Tail Feathers
If you are interested in determining the value of your 1878-S Morgan Silver Dollar with 7 tail feathers, there are several factors to consider. Firstly, the condition of the coin is important. The better the condition, the higher the value. Secondly, the rarity of the variety is a factor. The 7 tail feathers variety is rare, and this rarity adds to the value. Finally, demand among collectors will also affect the value of the coin. If the 7 tail feathers variety is in high demand, the value will be higher.
Current Value of the 1878-S Morgan Silver Dollar with 7 Tail Feathers
The value of the 1878-S Morgan Silver Dollar with 7 tail feathers varies depending on several factors, including the condition of the coin and the demand among collectors. As of 2021, the value of a 1878-S Morgan Silver Dollar with 7 tail feathers in good condition is around $2000, while a coin in excellent condition can be worth up to $10,000 or more.
Where to Buy the 1878-S Morgan Silver Dollar with 7 Tail Feathers
If you are interested in buying a 1878-S Morgan Silver Dollar with 7 tail feathers, there are several options available. You can check with local coin dealers or search online auction sites like eBay. It's important to do your research and make sure you are buying from a reputable dealer to ensure the authenticity of the coin.
Conclusion
The 1878-S Morgan Silver Dollar with 7 tail feathers is a rare and valuable coin that should be in every collector's collection. Its rarity, historical significance, and demand among collectors all contribute to its value. If you are interested in buying or selling this coin, it's important to do your research and make sure you are dealing with a reputable dealer.