AboutMyCoin1878 Morgan Dollar with 7 Tail Feathers (No Mint Mark) in MS61
An 1878 Morgan dollar with 7 tail feathers graded MS61 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and MS61 is what a grader called the surface that survived. What that looks like on this coin is below. Where the grade sits against the rungs either side of it, and every way it is written on a slab, are in the table below.
What MS61 means
An 1878 Morgan dollar with 7 tail feathers in Mint State (MS-61) has no wear whatever and is graded near the floor of mint state for its surfaces alone: the open fields of Liberty’s cheek and neck carry heavy and obvious contact marks and the lustre is present but broken. It is one step off the bottom of the grade, and what separates it from sixty is that the marks are fewer rather than lighter.
A slab, a dealer’s list or a price guide may write this grade MS-61. They are the same grade and the same 1878 Morgan dollar with 7 tail feathers.
Where this grade sits
The grades an 1878 Morgan dollar with 7 tail feathers is given run from PO1 to MS70. One step up from MS61 is Mint State (MS-62). In general terms, the higher the grade the more the coin is worth.
How to check this yourself
Sold listings, not asking prices. The link below is already filtered to completed sales of an 1878 Morgan dollar with 7 tail feathers in MS61, which is the difference between what somebody paid and what somebody hoped for. Until this site has a researched figure for this grade, that search is the answer — take the middle of several recent sales rather than the highest.
Completed sales of an 1878 Morgan Dollar with 7 Tail Feathers (No Mint Mark) in MS61 →
The metal floor under it
$49.79
0.7734 troy oz silver × $64.38 per troy ounce
$64.38/ozt, based on spot prices at 23 September 2026 19:59 UTC
Whatever the market does, an 1878 Morgan dollar with 7 tail feathers cannot be worth less than the metal in it. That figure is what the premium for MS61 is measured against, and it moves with the metal price rather than with the coin market.
Melt value of 1878 Morgan Dollar with 7 Tail Feathers (No Mint Mark) →
Not an appraisal. AboutMyCoin estimates from published specifications and does not authenticate or grade coins.