Heritage World Coin Auctions
FUN Signature US Coin Sale 1251 4-6 & 8-9 Jan 2017
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Proof Morgan Dollars
1878 8TF $1 PR66 PCGS. Gold CAC. Bland dollars (now known as Morgan dollars) were introduced in March 1878. The first coins featured an eagle with eight tailfeathers, distinguishing them from those put out later in the year with seven tailfeathers. The 8 Tailfeathers dollars are subject to ever-strong demand, but enough circulation strikes survive that they can be found in high grades with little difficulty. Proofs are much more challenging. The Guide Book reports a mintage of 500 specimens. Bowers comments in his Silver Dollar Encyclopedia: "Probably 300 to 500 1878 8 TF Proof dollars were minted. The number is not known, and estimates have ranged from about 250 upward. Today, Proofs are rare."
The Gold CAC sticker suggests this Premium Gem proof is undergraded by at least one point. It is difficult to see where this piece lost any points at all. The fields are seemingly pristine, deeply reflective beneath a layer of violet, gold, blue, and green patina. Liberty's cheek is equally devoid of contact. An exceptionally attractive first-year representative housed in a green label holder. Population: 9 in 66, 1 finer. Gold CAC: 2 in 66, 0 finer (10/16).
1878 8TF $1 PR66 PCGS. Gold CAC. Bland dollars (now known as Morgan dollars) were introduced in March 1878. The first coins featured an eagle with eight tailfeathers, distinguishing them from those put out later in the year with seven tailfeathers. The 8 Tailfeathers dollars are subject to ever-strong demand, but enough circulation strikes survive that they can be found in high grades with little difficulty. Proofs are much more challenging. The Guide Book reports a mintage of 500 specimens. Bowers comments in his Silver Dollar Encyclopedia: "Probably 300 to 500 1878 8 TF Proof dollars were minted. The number is not known, and estimates have ranged from about 250 upward. Today, Proofs are rare."
The Gold CAC sticker suggests this Premium Gem proof is undergraded by at least one point. It is difficult to see where this piece lost any points at all. The fields are seemingly pristine, deeply reflective beneath a layer of violet, gold, blue, and green patina. Liberty's cheek is equally devoid of contact. An exceptionally attractive first-year representative housed in a green label holder. Population: 9 in 66, 1 finer. Gold CAC: 2 in 66, 0 finer (10/16).