1878 8TF $1 MS(PCGS#7072)

June 2025 Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

2214

Grade

MS66+

Price

17,400

Lot Description

Beautiful peripheral toning in iridescent reddish-apricot frames otherwise brilliant, silver-white surfaces. Both sides are fully lustrous and universally satiny in texture. All design elements are sharply to fully defined from a razor sharp strike, and all areas are expectably smooth for the assigned grade. A phenomenal condition rarity and visually appealing premium Gem to represent this one year hub type from the inception of the Morgan dollar series.<p>The 8 Tailfeathers reverse was used for only a few weeks beginning on March 12, 1878, at the onset of Morgan silver dollar production. While no records were kept regarding how many coins were made using this reverse design, the best estimate is that around 750,000 circulation strikes were made. Soon after, along with other design modifications and improvements, the number of tail feathers was decreased to seven and every subsequent issue bears this feather count.