The 1882 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
Specifications
Type: Morgan Silver Dollar
Year: 1882
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $58.71
The US minted the 1882 silver dollar with no mint mark and also the 1882 CC silver dollar, 1882 O silver dollar, and 1882 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.
| Series |
Location |
Quantity Minted |
| 1882 |
Philadelphia |
11,100,000 |
| 1882 CC |
Carson City |
1,133,000 |
| 1882 O |
New Orleans |
6,090,000 |
| 1882 S |
San Francisco |
9,250,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $58.71. This melt value is calculated from the current silver spot price of $75.90 per ounce.
The 1882 silver dollar with no mint mark is worth around $49 in very fine condition. In extremely fine condition the value is around $50. In uncirculated condition the price is around $70 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $390.
The 1882 CC silver dollar is worth around $180 in very fine condition. In extremely fine condition the value is around $230. In uncirculated condition the price is around $350 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $625.
The 1882 O silver dollar is worth around $49 in very fine condition. In extremely fine condition the value is around $50. In uncirculated condition the price is around $75 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $575.
The 1882 S silver dollar is worth around $49 in very fine condition. In extremely fine condition the value is around $50. In uncirculated condition the price is around $70 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $240.
Proof coins with no mint mark are available and they are each valued at around $3,700 in PR 63 condition. There were only 1,100 proof coins minted.
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O Over S Error
There is an error variety for the 1882 silver dollar O series where the letter O is minted over the letter S. This error coin will sell at a premium.
The 1882 O silver dollar O over S error coin is worth around $55 in very fine condition. In extremely fine condition the value is around $60. In uncirculated condition the price is around $175 for coins with an MS 60 grade.
Grading System
Very fine- About two thirds of Liberty's hair lines from above her forehead her ear are visible.
Extremely fine- Liberty's hair lines and ear look strong.
MS 60 Uncirculated condition- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 Uncirculated condition- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
Sources:
The Red Book
See also:
1883 Silver Dollar
1881 Silver Dollar
1880 Silver Dollar