If you have ever wondered How much is a 1882 Morgan Silver Dollar worth? Then you’re in the right place. Although it’s been more than 100 years since the last uncirculated 1882 Morgan Silver Dollar was minted, people still ask this question. In this guide, we will try to answer your question in a concise manner.
The 1882 Morgan Silver Dollar is worth $31 in average condition and can be worth $58 to $611 or more in uncirculated condition. Proof coins are valued at $3,227 or higher.
In the course of this article, we will go in-depth and tell you about different variations of the 1882 Morgan Silver Dollars and their value.
Before getting happy and ready to sell your 1882 to coin collectors, note that the condition of 1882 Morgan Dollars plays a vital role in its value.
1882 Morgan Silver Dollars History
The Morgan dollar is a silver dollar minted from 1878 to 1904 and again in 1921, and beginning again in 2021. The coin features the image of Lady Liberty on its obverse, making it the first standard silver dollar minted since the passage of the Coinage Act of 1873, which eventually saw the end of the free coining of silver and the production of the previous design, the Seated Liberty dollar.
| 1882 Morgan Silver Dollars | |
| Location | Minted |
| Philadelphia | 11,101,100 |
| Carson City | 1,133,000 |
| New Orleans | 6,090,000 |
| San Francisco | 9,250,000 |
| Total | 27,574,100 |
The Morgan Dollar contains 412.5 grains of 90% pure silver. The coin was designed by United States Mint Assistant Engraver George T. Morgan and is named after him.
The dollar was authorized by the Bland–Allison Act, which led to mining interests lobbying for the restoration of free silver in 1873. This would require the Mint to accept all silver presented to it and return it, struck into coins.
The Mint did not begin producing the coins until March 11, more than a week after the passage of the Bland–Allison Act. The first acceptable strike, after adjustments to the press, was coined at 3:17 p.m. at the Philadelphia Mint; this piece went to President Hayes, it was followed by two more strikes, one given to Secretary of the Treasury John Sherman and another given to Mint Director Henry Linderman.
| 1882 Morgan Silver Dollar | |
| Value | $1 |
| Metal Composition | 90% Silver – 10% Copper |
| Mass/Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Silver Content | 0.7735 oz t. |
| Mint Marks | “CC” “O” “S” |
| Edge | Reeded |
| Designer | George T Morgan |
To help meet the monthly quota under the Bland–Allison Act, Linderman desired to use the western mints of San Francisco and Carson City in production. The pressure was so great at the Philadelphia Mint that it halted production of all other coins and began operating overtime.
The mint marks on the Morgan dollar are; CC for Carson City; S for San Francisco; O for New Orleans and D for Denver. The Philadelphia issue didn’t have a mint mark. The coin’s weight was 412.5 grains (26.73 g), and its diameter was 38.1 millimeters (1.50 in). Thus the pure silver content was 371.25 gr = 24.056 g = 0.7735 oz t.
1882 Morgan Silver Dollar Design
Obverse
The Liberty Head, better known as the Morgan dollar design, replaced the long-running Seated Liberty. It features a youthful portrait of Liberty wearing a Phrygian cap encircled with a ribbon inscribed with “LIBERTY”. The Liberty Head was modeled by Anna Williams.
There are 13 stars below Liberty’s head. The designer’s initial M is at the base of Liberty’s neck. The border of the coin is a crown of cotton and wheat, staples of the country, decorating the area above the ribbon. Above Liberty’s head on the silver dollar, are the words “E PLURIBUS UNUM.” The date of the coin sits just below Liberty’s Head.
Reverse
The Morgan dollar’s reverse (tails side) features an eagle holding an olive branch and three arrows in its talons symbolizing peace and readiness for war. The reverse also features the words “UNITED STATES OF AMERICA” and “IN GOD WE TRUST”. In between the Eagle and the words “ONE DOLLAR” is a wreath. The mint mark of the coin is also located on the tail side of the Morgan Silver Dollars just below the wreath.
1882 Silver Dollar Types & Value
One of the best parts about coin collecting is the wide variety of coins available to collect, not all collectors realize that there is more than one type of silver dollar in existence. There are also many different values for these coins depending on things like their condition, and rarity.
There are different types of 1882 Silver Dollars, this section should better help you know the worth of the 1882 morgan dollar in your possession.
| 1882 Silver Dollar Coin Value Chart By USA Coin Book | ||||||
| Year | G | VF | AU 50 | MS 60 | MS 65 | PR 65 |
| 1882 P | $24 | $42 | $48 | $58 | $611 | $3,227 |
| 1882 CC | $86 | $124 | $165 | $283 | $611 | – |
| 1882 O | $24 | $42 | $48 | $58 | $611 | – |
| 1882 S | $24 | $42 | $48 | $58 | $202 | – |
1882 Morgan Silver Dollar Value
| Group | Dollars |
| Mintage | 11,101,100 |
| Minted At | Philadelphia |
| Mint Mark | No |
The 1882 Morgan Silver Dollar is a rare and valuable coin in any condition. In average condition, a coin might be worth $31; but if it’s in mint condition, it could be worth $58 to $611 or more. About 1,100 proof coins were minted at the Philadelphia mint and would be worth $3,227 or more.
The 1882 dollar is often found in worn grades, and relatively little numismatic attention is paid to it. Many were melted during the 1970s silver bullion boom, as there was virtually no demand for an 1882 dollar at the time. However, some coins in amazing condition exist and have been sold at auctions, below are some examples.
- 1882 MS67+ PCGS Sold on June, 25th, 2015 for: $32,900 The surfaces of the coin are smooth and velvety, revealing no marks or ticks. The luster is bright and original, with creamy white/pale gold colors. The details on Miss Liberty are above average in strike and exhibit a slight frost around them. The cheek is the epitome of perfection and the eye appeal is fabulous!
- 1882 $1 MS67 PCGSSold on May 6, 2022 for: $19,800.00 This fine specimen is a shining example of the quality that can be found in this famed series. The design elements are crisp and detailed throughout, with virtually flawless surfaces and superb brilliance. The mint luster adds to the eye appeal, while the high grade is confirmed by CAC.
| 1882 Morgan Silver Dollar Value Chart By PCGS | |
| MS 62 | $90 |
| MS 63 | $115 |
| MS 64 | $170 |
| MS 65 | $475 |
| MS 66+ | $3,000 |
| MS 67 | $14,000 |
| MS 67+ | $42,500 |
1882 CC Morgan Silver Dollar Value
| Group | Dollars |
| Mintage | 1,133,000 |
| Minted At | Carson City |
| Mint Mark | “CC” |
In average condition, a 1882-CC Morgan silver dollar is worth $106. However, in uncirculated (MS+) conditions it can be worth as much as $238 to $611 or more. The scarcity of the 1882 Carson City silver dollar is due to the fact that only 1,133,000 were minted, and then they weren’t in circulation for a long time. After mass sales of 605,000 pieces in the 1970s, the rarest date became only a scarce one.
Below are a couple of 1882 CC Morgan Silver Dollars that sold at auction;
- 1889-CC $1 MS64 NGCSold on Jul 12, 2018 for $52,800.00
- 1879-CC $1 MS65 NGC Sold on Aug 7, 2014 for:$49,937.50
| 1882 CC Morgan Silver Dollar Value Chart By PCGS | |
| MS 62 | $425 |
| MS 64+ | $525 |
| MS 65 | $735 |
| MS 66+ | $2,850 |
| MS 67 | $8,750 |
| MS 68 | $60,000 |
1882 O Morgan Silver Dollar
| Group | Dollars |
| Mintage | 6,090,000 |
| Minted At | New Orleans |
| Mint Mark | “O” |
The 1882-O Morgan Silver Dollar is one of the most valued coins in the United States. If you have an 1882-O Morgan Silver Dollar, it can be worth $31 in average condition and go up to $58 to $1,462 or more in uncirculated (MS+) mint condition. Despite the fact that the New Orleans mint produced only 6,090,000 Morgan silver dollars in 1882, these coins are not necessarily worth less than normal examples minted at other mints.
Below are some examples of 1882 O Morgan Silver Dollar that have been sold in auction.
- 1882-O $1 MS67 PCGSSold on Aug 11, 2010 for: $29,900.00
- 1882-O $1 MS67 NGCSold on Jan 4, 2018 for: $20,400.00
1882 S Morgan Dollar Value
| Group | Dollars |
| Mintage | 9,250,000 |
| Minted At | San Francisco |
| Mint Mark | “S” |
The 1882-S Morgan Silver Dollar is a coin that has an estimated value of approximately $31 in average condition and can be worth as much as $58 to $202 or more in uncirculated (MS+) mint condition.
Gem condition grades exist but only a few, some have been sold in auction, below are a few examples of 1882 S Morgan Silver Dollar sold at auction.
- 1882-S $1 MS68+ PCGSSold on Feb 24, 2022 for: $20,400.00
- 1882-S $1 MS68+ NGC Sold on Aug 16, 2018 for:$15,600.00
1882 O Morgan Dollar Error: O Over S
1882 O Morgan Dollar Error O Over S
The 1882-O/S Morgan Silver Dollar features a New Orleans “O” mint mark struck over a San Francisco “S” mintmark. The dies were originally designed for the San Francisco Mint, but were altered to depict the New Orleans Mint Mark instead.
This variety can be recognized by noticing how the central portion of the “S” is visible inside the “O” as depicted above.
The 1882-O Morgan Silver Dollar (O Over S Variety) is a high-quality coin that can be worth $46 in average condition, but it can be worth $267 to $45,574 or more in uncirculated (MS+) mint condition.
Frequently Asked Question
What does the O stand for on a Morgan silver dollar?
The O in a morgan silver dollar stands for New Orleans and it is located at the reverse of the coin. Only coins that were minted at New Orleans have this mark.
Where is the mint mark on a 1882 silver dollar?
The mint mark is located on the reverse of the Silver Dollar. You can find it in between the D.O in “Dollar” and the wreath.
How do you tell if a Morgan silver dollar is CC?
You can tell a Morgan Silver Dollar is CC by looking at the reverse of the coin. The CC is the indication that the coin was minted at Carson City.
What year is the rarest Morgan silver dollar?
In average condition, a 1893-S Morgan Silver Dollar can be worth $4,510. However, it’s possible to find one in mint condition that would sell for $134,447 or more!
What is an 1882 silver dollar worth?
The 1882 Morgan silver dollar is worth $31 in average condition and can be worth $58 to $611 or more in uncirculated (MS+) mint condition. Proof coins are worth 3,227 dollars or more.
Conclusion
The 1882 Morgan Silver Dollar is a rare American coin and a great investment opportunity. Its grade, however, makes its value change considerably. As such, it’s tough to pinpoint an exact value. A gem quality Morgan Silver Dollar is rare and hard to find these days, if one can find one at all. If you have ever been lucky enough to lay your hands on one, you may be sitting on a gold mine. We hope this article has helped you to understand the value of an 1882 Morgan Silver Dollar.
