The value of an 1882 Morgan silver dollar can vary significantly depending on several factors, including its mint mark, condition (grade) , and rarity.
Here’s a breakdown of the value based on these factors:
All 1882 Morgan Dollars contain 90% silver, weighing 26.73g with 0.7734 oz of actual silver weight (ASW). Based on the current silver price of $37.17/ounce, the melt value of an 1882 Morgan Dollar is approximately $28.74, according to [Greysheet] and [NGC].
The numismatic value, or collector value, can be much higher than the melt value. Here’s a general overview based on mint mark and condition:
- Circulated condition: A typical 1882 Morgan Silver Dollar in circulated condition might be worth around $45.50 to $63, according to [NGC] . However, depending on the specific mint and how worn the coin is, this range can fluctuate. For example, a “Good” condition 1882-CC coin can be worth $141.
- Uncirculated condition: Uncirculated coins, especially those in pristine condition, can be worth significantly more.
– Uncirculated examples can range from around $41 to several hundred dollars, depending on their grade.
– High-grade examples (e.g., MS67) can reach several thousand dollars.
– Carson City (CC) mint mark: These coins are often the most valuable due to lower mintage numbers and high collector demand. According to the NGC Price Guide, as of August 2025, 1882 CC Silver Dollars in pristine, uncirculated condition can sell for as much as $45,000.
– New Orleans (O) mint mark: A high-grade 1882 O Morgan dollar could sell for over $20,000. Pristine, uncirculated examples can sell for as much as $40,000.
– San Francisco (S) mint mark: High-grade 1882-S coins are known for their high-quality strikes and luster, with values ranging from about $50 in lower uncirculated grades to over $200 for MS65 examples. Pristine uncirculated 1882 S Silver Dollars can sell for as much as $17,500.
– No mint mark (Philadelphia): Even without a mint mark, pristine, uncirculated examples of 1882 Philadelphia-minted Morgan Dollars can reach as high as $20,000.
- Mint Mark: The mint mark (or lack thereof for Philadelphia) significantly impacts value, with Carson City (CC) being particularly sought after.
- Condition/Grade: The state of preservation is crucial. Uncirculated coins are generally more valuable than circulated ones, and the higher the grade (e.g., MS-65 or higher on the Sheldon scale), the higher the value.
- Rarity: Coins with lower mintage numbers or specific varieties tend to be rarer and therefore more valuable.
- Varieties and Errors: While the 1882 Morgan dollar isn’t known for particularly rare varieties, some specific die errors or overpunched mint marks (like the 1882-O/S error) can significantly increase its value to collectors.
- Market Fluctuations: The price of silver can also affect the base value of the coin.
To get an accurate appraisal of your specific 1882 Morgan dollar, it is recommended to consult with a reputable coin dealer or numismatic expert who can assess its condition and identify any unique features. You can also use online resources and price guides, but a professional opinion is recommended for a precise valuation.
What makes a 1882 O silver dollar rare?
Value of 1882-O Morgan Silver Dollar
As a rule, New Orleans Mint pieces are more difficult to find with good strike and luster than are those from the other mints. The typical 1882-O Morgan Silver Dollar is lightly struck, particularly on the eagle’s breast feathers. Occasionally, a sharply defined coin can be found.
How to tell if a $1 coin is worth money?
From my experience, U.S. dollar coins worth money are hard to identify at a glance. Their value lies in where they were minted, their historical significance, mintage, precious metal content, whether they are error coins, and their condition. Understanding this is critical if you are thinking of selling your dollar coins.