Demand for eye-appealing and premium quality coins pushes Heritage Auctions' July 20 event over $237,000.
The 1878 7TF Reverse of 1878 proof Morgan dollar is a scarce coin in all grades, with even a few of the lightly worn examples that had entered circulation taking strong premiums. The vast majority of proof examples that hit the marketplace hover in the PR62-64 range, with a tiny handful of pieces grading in the PR67 range. A few dozen or so cameos exist and are much rarer than the regular proofs, while DCAMs are essentially unheard of for this issue.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Catalog Information
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Values
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1861-S Paquet Double Eagle, rare 1930-S Indian Eagle and early U.S. gold also rank among July 16-18 event highlights.
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