The value of an 1882 Morgan silver dollar can vary significantly based on its condition (grade), mint mark, and any potential varieties or errors.
Here’s a general overview of the value:
- Circulated Condition: For a standard 1882 Morgan Dollar (without a prominent mint mark, likely indicating Philadelphia), a circulated coin might be worth approximately $45.50 – $63.
- Uncirculated Condition: In pristine, uncirculated condition (MS-60 or higher), the value can jump significantly, potentially reaching as high as $20,000 for top-graded examples.
- Mint Mark Significance:
– “CC” (Carson City) Mint Mark: Coins from the Carson City Mint are generally more valuable due to lower mintage numbers and popularity among collectors. An 1882-CC Morgan Dollar can fetch between $100 and $255 in circulated condition, and as much as $45,000 for uncirculated specimens.
– “O” (New Orleans) Mint Mark: The 1882-O Morgan Dollar can range from $45.50 to $63 in circulated condition and reach up to $40,000 for uncirculated examples. Certain varieties of the 1882-O over S (“O/S”) Morgan Dollar are particularly sought after.
– “S” (San Francisco) Mint Mark: The 1882-S Morgan Dollar, known for high-quality strikes, ranges from about $45.50 to $63 in circulated condition, and pristine examples can be worth up to $17,500.
In essence, while even a worn 1882 Morgan dollar is worth more than its face value due to its silver content, factors like its mint mark and condition can drastically increase its value, sometimes to tens of thousands of dollars.
- Melt Value: The base value is tied to its 90% silver content. Current silver prices, [according to Greysheet] , indicate a melt value of approximately $37.17 as of July 10, 2025. However, the numismatic value (collector’s value) often exceeds this.
- Mint Marks: The letters “O”, “S” or “CC” found on the back of the coin, below the eagle, indicate the mint where it was struck. The absence of a mint mark means it was minted in Philadelphia.
- Condition: The coin’s condition is crucial to its value, with uncirculated coins fetching the highest prices. Terms like “Good,” “Fine,” “Extremely Fine,” “Uncirculated,” and “Proof” are used to describe its condition.
- Rarity: Coins from the Carson City (CC) Mint are generally rarer and thus more valuable.
- Varieties and Errors: Specific die varieties or errors can also affect the value. For instance, certain 1882-O over S varieties are highly sought after.
To determine the exact value of your 1882 Morgan Silver Dollar, it’s highly recommended to have it professionally evaluated by a reputable coin dealer or grading service.
How do I know if my $1 coin is valuable?
Thanks for asking. The best way to find the value of your dollar coins is with an appraisal online or in-person. Whether in-person or online, an appraisal can have an expert look at your dollar coins and tell you exactly how much they are worth and where their value is. The choice of appraisal is totally up to you and your convenience.