1878 Silver Dollar Value
The 1878 Morgan Silver Dollar was produced in three mints: Philadelphia, San Francisco, and Carson City. The most valuable 1878 Morgan Silver Dollar carries the 'CC' mintmark used by the Carson City Mint. It always carries a premium value because of very low production, making it the rarest 1878 Morgan Dollar. The San Francisco Mint used an 'S'. The silver melt value for this coin is $21.17 as of February 06, 2021. This melt value is calculated from the current silver spot price of $26.89 per ounce. The 1878 trade dollar proof coin with no mint mark is worth around $1,500 in extremely fine condition.
Dora has brought us an interesting piece. It is a replica of a US Goloid Dollar. If it were real, it would be worth several thousands of US dollars. The replica is worth a few dollars. Values for genuine coins are tucked away in coin catalogs and range from $2500 to $10000 US dollars. You can find a picture of the genuine coin at CoinAucstionsHelp. The nice-looking genuine coin at HeritageAuctions sold for $3700.
The first test of authenticity should be weight. If your coin weighs 14.25 grams, it may be real. If it does not weigh 14.25 grams, it is fake. Most of the coins you see today are fakes.
Now, according to those Smarty Pants over at Answerbag:
'Goloid is an alloy of silver, gold and copper patented by Dr. William Wheeler Hubbell on May 22, 1877. The alloy, in varying proportions (sometimes slightly out of these specifications), was used by the United States Mint to strike pattern dollars, sometimes called 'metric dollars' (some were marked with 'metric' in the coin design, while all had metal proportions and total coin weight as design features) from 1878 to 1880. Patterns of the same design were struck in other metals, including aluminum, copper, normal coin silver, lead, and white metal.
In the end, goloid was rejected as a coinage metal because it could not be distinguished from the normal U.S. 90% silver coin alloy without chemical analysis, thus inviting counterfeiters to use silver-copper alloys alone to make lower-value copies.'
Created (yyyymm): 200909, Last review: 201410
Appearance: Normal round coin Metallic gray Letters: Latin
Years: sort: 1878, filter: 1878 to 1879
Image: us_goloid_dollar_replica.jpg
Original inquiry: head:e pluribusunum written on top, liberty wriiten on head band of head, wheat in hair, 7 stars to left of head and 6 to right, 1878 bottom of head, back: united states of america, 38 stars aroung 6 lines of words- goloid -metric - 1-g. - 16.1-s. - 1.9-c. - grams14.25 , bottom of coin 100 cents circle stars circle ring star starburst
1878 Silver Dollar Value Chart
