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The Morgan Silver Dollar G-VG 1878 7/8 TF is a numismatic gem that beckons collectors and enthusiasts to embark on a journey through a pivotal moment in American coinage history. Minted in 1878, this coin marks the inception of the Morgan Dollar series, bearing the distinctive "7/8 Tail Feathers" variety. Graded in Good to Very Good (G-VG) condition, it provides a unique window into its history, intricate design, mintage, and its state after decades in circulation.
The history of the Morgan Silver Dollar 1878 7/8 TF variety takes us to the historic Philadelphia Mint, where the first coins of this iconic series were struck. The late 19th century was a period marked by rapid industrialization and economic prosperity in the United States, leading to a high demand for coinage to facilitate commerce and trade. The Morgan Silver Dollar, designed by George T. Morgan, was introduced as a response to this demand, and the 1878 issue marked the birth of this legendary series.
The design of the Morgan Silver Dollar is a testament to American coin artistry. The obverse features Lady Liberty in left-facing profile, her crown adorned with a wreath of wheat and cotton, symbolizing the nation's agricultural abundance. Surrounding her are the inscriptions "E PLURIBUS UNUM" and "LIBERTY," with the year of issue, "1878," displayed prominently at the bottom. On the reverse, a majestic bald eagle with outstretched wings clutches arrows and an olive branch, symbolizing America's readiness for both war and peace. The words "UNITED STATES OF AMERICA," "IN GOD WE TRUST," and the denomination "ONE DOLLAR" complete the design.
The G-VG condition assigned to this coin signifies that it exhibits wear consistent with its age and time spent in circulation. In Good condition, the details of the coin's design are still recognizable but may appear worn. Coins in Very Good condition have more distinct details but still show signs of wear. While not as pristine as Uncirculated specimens, G-VG grade coins offer a tangible connection to history, as they have passed through the hands of many individuals and have seen a bygone era.
The mintage of the 1878 7/8 TF Morgan Silver Dollar was relatively limited compared to later years, adding to its desirability among collectors. A total of 9,759,125 of these coins were produced at the Philadelphia Mint in 1878 with the 7 tail feathers variety before a design modification increased the tail feathers to 8. This lower initial mintage, combined with the passage of time, the effects of circulation, and collector demand, has contributed to the relative scarcity of these coins in the present day.
The Morgan Silver Dollar G-VG 1878 7/8 TF is more than just a coin; it's a tangible link to the very inception of the Morgan Dollar series, an era of economic growth and innovation in the United States. Its intricate design, limited mintage, and G-VG condition make it a prized addition to any coin collection. Whether you're a seasoned collector seeking the earliest issues of this iconic series or a history enthusiast captivated by the late 19th century, this coin offers a tangible connection to an era when the Morgan Silver Dollar began its enduring legacy in American numismatics.