1882 Morgan Silver Dollar
There were many of the 1882 Morgan Silver Dollar coins available, and many stored in the Philadelphia Mint and by the Federal Reserve System. This hasn’t ever really been a popular coin among collectors and investors and it is believed that there are few original mint-sealed bags still available, as most believe the bags have been opened and coins dispersed. Continue reading to learn more about 1882 Morgan Silver Dollar value.
AUCTION RECORD: $32,900 • MS67+
Image source: PCGS
History of the 1882 Morgan Dollar
The 1882 Morgan Dollar was minted at the Philadelphia Mint, with a total of 11.1 million struck. The strike is typically average or above average, but it’s not always a guarantee. The 1882 Morgan Silver Dollar is a prime coin to be cherrypicked by collectors. Many of the worn grades of the 1882 Morgan Dollar are available and they start to become scarce the higher the grade. These coins are also likely to showcase bagmarks due to long term storage as well as being moved around in bags. Many of these coins were likely melted down in the run up to the silver prices rising in the late 1970s. There was an oversupply of coins until about 1890, and tens of millions of Morgan dollars continued to be created and caused storage problems at the time.
1882 Morgan Silver Dollar Value
The 1882 Morgan Silver Dollar value is lower than some of the other Morgan Silver Dollars. 1882 Morgan Silver Dollar prices can range anywhere from under a hundred dollars to upwards of tens of thousands of dollars. Although this isn’t one of the most popular Morgan Dollar coins, it is scarce in higher grades and well worth the addition to any collectors Morgan Dollar series.
Type of coin: Silver Dollar
Year: 1882 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 11,100,000
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 26.73 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What factors influence the 1882 Morgan Silver Dollar value?
The Morgan Silver Dollar value, particularly for the 1882 edition, is influenced by its mint mark, condition (or grade), rarity, and silver content. Varieties and recognized errors can also significantly impact its value.
How much is a typical 1882 Morgan Silver Dollar worth?
A typical 1882 Morgan Silver Dollar in circulated condition might be worth around $25 to $50. Uncirculated examples, depending on their grade, can fetch from $50 to several hundred dollars.
What is the value of an 1882-S Morgan Silver Dollar?
The 1882-S Morgan Silver Dollar, minted in San Francisco, is known for its high-quality strikes and luster. Its value can range from about $50 in lower uncirculated grades to over $200 for MS65 examples, with particularly pristine coins fetching higher prices.
Are there any rare varieties of the 1882 Morgan Silver that significantly impact its value?
While the 1882 Morgan Silver Dollar itself is not known for particularly rare varieties, the mint mark (e.g., "S" for San Francisco, "O" for New Orleans, "CC" for Carson City) can affect its value. The "CC" mint mark, in particular, is highly sought after by collectors due to the Carson City Mint's historical significance.
What is the highest grade and value achieved by an 1882 Morgan Silver Dollar?
The highest grades for an 1882 Morgan Silver Dollar can reach up to MS67, with values that can exceed several thousand dollars, especially for well-preserved Carson City (CC) mint examples or coins with exceptional eye appeal.
How does the mint mark affect the 1882 Morgan Silver Dollar value?
The mint mark on an 1882 Morgan Silver Dollar significantly affects its value. Coins minted in Carson City (CC) are often more valuable due to their lower mintage numbers and popularity among collectors, compared to those from Philadelphia (no mint mark), San Francisco (S), or New Orleans (O).
Can the silver content of the 1882 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1882 Morgan Silver Dollar, which is 90% silver, provides a base value tied to the current silver bullion market. However, the numismatic value for collectors often exceeds the melt value.
Where is the best place to sell an 1882 Morgan Silver Dollar?
The best places to sell an 1882 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, coin shows, and online platforms that specialize in coins. Authenticity and condition are key to achieving the best price.
What should collectors look for when purchasing an 1882 Morgan Silver Dollar?
Collectors should examine the coin's condition, mint mark, any notable varieties, and overall eye appeal. Purchasing coins that have been professionally graded can also offer assurance regarding the coin's authenticity and condition.
How should I store my 1882 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1882 Morgan Silver Dollar, store it in a cool, dry place, ideally in a protective holder or capsule designed for coin storage. This protects the coin from environmental damage and physical wear.
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