The 1878 Morgan Dollar XF-45 PCGS (R78, V-189 Re-Engraved Wing) is a desirable first-year issue from the iconic Morgan Dollar series, designed by George T. Morgan. As one of the earliest coins in the series, it holds significant historical and numismatic importance.
Graded XF-45 by Professional Coin Grading Service, this coin exhibits moderate wear with strong remaining detail, making it an attractive mid-grade collectible.
This example is further distinguished by the VAM-189 “Re-Engraved Wing” variety, where noticeable re-engraving lines are present on the eagle’s wing — a feature prized by variety collectors. The R78 rarity rating indicates a scarce variety, adding to its desirability.
Struck in 90% silver, the coin offers intrinsic bullion value along with strong numismatic appeal. The obverse features Liberty in profile, while the reverse displays a heraldic eagle — both classic elements of this historic design.
As a first-year issue with a recognized and scarce VAM variety, this coin is especially appealing to Morgan Dollar specialists and advanced collectors.
A standout collectible, the 1878 XF-45 PCGS (R78, V-189 Re-Engraved Wing) Morgan Dollar combines history, rarity, and variety appeal — making it a valuable addition to any collection.
