Guidelines for Collecting:

The other 7 Tail Feathers reverse is the Third Reverse with slanting top arrow feather (SAF) and convex breast to the eagle. This is referred to as the Reverse of 1879. An estimated two million were struck for circulation and only an estimated 25 to 50 Proofs were minted.

Circulation strikes are well struck, but the sharpest examples are elusive and require patience to find. Buyers should be aware that certification labels do not mention the quality of the strike. The eagle’s breast is rounded on all. Most have excellent luster.

As for Proofs, it is estimated that fewer than two dozen exist today. Collectors who find a Proof with a degree of cameo contrast and a decent strike have found the Holy Grail among early Proofs. Both the 7 Tail Feathers Reverse of 1878 (PAF) and Reverse of 1879 (SAF) varieties were not widely known in their time and interest in them did not develop until more than a century later. Both styles lack an official mintage figure.

1878, Reverse of 1878

1878, Reverse of 1879

Availability in Circulated Grades:

Grades from VG to AU are found in today’s numismatic marketplace, and coins are often available for a pittance over silver content in the lower grade ranges. Pleasing AU coins are often seen, some much finer than others, so choose carefully.

Availability in Mint State Grades:

This issue can be found in all Mint State grades up to and including Gem MS-65; after that the population thins somewhat though specimens are still available with some regularity. MS-64 is a grade that delivers quality and value for this issue.

Availability in Proof:

Proofs of this SAF type are extremely elusive, far more so than the much heralded and justifiably famous 1895 Proof-only rarity. Perhaps just 25 to 50 may have been struck and just two dozen, give or take, can be accounted for today. You will need to search high and low for a Proof of this variety but the end result will prove rewarding.

1878 8 Tail Feathers Morgan Dollar

1878 7/8 Tail Feathers Morgan Dollar

1878 7 Tail Feathers Morgan Dollar

The example to the left was sold by Stack's Bowers Galleries in the Larry H. Miller Collection, where it realized $22,800.

1878 7-TF, Reverse of 1879 Morgan Dollar Auction Highlights

1878 7 Tail Feathers Reverse of 1879 Morgan Dollar PCGS MS-65 DMPL Sold for $22,800   View Lot 6297

1878 7 Tail Feathers Reverse of 1879 Morgan Dollar PCGS MS-66, CAC Sold for $14,100   View Lot 3067

1878 7 Tail Feathers Reverse of 1879 Morgan Dollar PCGS MS-66, CAC Sold for $9,400   View Lot 10145