Assuming the coin is circulated, the 1878 Morgan dollar is a common coin. For an accurate assessment of value the coin needs to be seen and graded. Most coins show a lot of wear. In general, retail values for circulated coins are $30.00-$50.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelery or have been cleaned have far less value if any to a collector or dealer
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