1878. 7 TF, Reverse of 1879. PCGS graded MS-66 PQ. CAC Approved. Lovely light golden toning. Finest we have seen for the date. Having exhausted its supply of 8 Tail Feathers and 7/8 Tail Feathers dies, the Mint at last switched permanently to the anatomically correct 7 Tail Feathers version. For at least the first few months of 1878, the reverse dies depicted an eagle with a flat breast and a parallel fletch on the top arrow. Since no eagle alive has a sunken chest, and unless one of the arrows held by the eagle was bent, the perspective was wrong, these two problems needed fixing on the reverse dies. At the end of 1878, a new eagle punch was incorporated where the eagle's breast was rounded while the top fletch was slanted. Coins struck from this new die. They became known as the "Reverse of 1879" to differentiate them from the earlier dies. It is for this reason that the 1878 7 Tail Feathers is found with either a Reverse of 1878 (rather common) or a Reverse of 1879. Pop 18; none finer at PCGS (PCGS # 7076) . Estimated Value $10,000 - 11,000. Categories: Morgan Dollars
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