AboutMyCoin1878 Proof Morgan Dollar with 8 Tail Feathers (No Mint Mark) in PR61
An 1878 proof Morgan dollar with 8 tail feathers graded PR61 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and PR61 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 PR61 means
An 1878 proof Morgan dollar with 8 tail feathers in Proof (PR-61) is an impaired proof: the fields are still reflective but the hairlines across the open fields of Liberty’s cheek and neck are obvious, and the eye is drawn to the damage before the design. The gap between this and an unimpaired proof of the same date is usually the whole of the price.
A slab, a dealer’s list or a price guide may write this grade PR-61, PF61 or PF-61. They are the same grade and the same 1878 proof Morgan dollar with 8 tail feathers.
Where this grade sits
The grades an 1878 proof Morgan dollar with 8 tail feathers is given run from PR60 to PR70. One step up from PR61 is Proof (PR-62). In general terms, the higher the grade the more the coin is worth.
| Grade |
|---|
| Proof (PR-60) |
| Proof (PR-61) ← this page |
| Proof (PR-62) |
| Proof (PR-63) |
| Proof (PR-64) |
| Proof (PR-65) |
| Proof (PR-66) |
| Proof (PR-67) |
| Proof (PR-68) |
| Proof (PR-69) |
| Proof (PR-70) |
How to check this yourself
Sold listings, not asking prices. The link below is already filtered to completed sales of an 1878 proof Morgan dollar with 8 tail feathers in PR61, 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 Proof Morgan Dollar with 8 Tail Feathers (No Mint Mark) in PR61 →
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 proof Morgan dollar with 8 tail feathers cannot be worth less than the metal in it. That figure is what the premium for PR61 is measured against, and it moves with the metal price rather than with the coin market.
Melt value of 1878 Proof Morgan Dollar with 8 Tail Feathers (No Mint Mark) →
Not an appraisal. AboutMyCoin estimates from published specifications and does not authenticate or grade coins.