The 1882 Morgan Dollar is worth anywhere between $18 and $65,000, depending on its condition and grade. The Morgan Dollar is a silver dollar coin that was minted in the United States from 1878 to 1921. It was designed by George T. Morgan and replaced the Seated Liberty Dollar. The 1882 Morgan Dollar is considered to be one of the most beautiful and iconic coins ever produced by the United States Mint.
Factors that Affect the Value of 1882 Morgan Dollar:
Grade: The grade of the coin is the most important factor that determines its value. The grade is determined by a number of factors, including the coin's condition, wear and tear, and strike. Coins in higher grades are worth more than coins in lower grades.
Mint Mark: The mint mark of the coin is also a factor that affects its value. The 1882 Morgan Dollar was minted in three different mints: Philadelphia, Carson City, and New Orleans. Coins minted in the Philadelphia mint are the most common, while coins minted in the Carson City and New Orleans mints are more rare and thus more valuable.
Rarity: The rarity of the coin is also a factor that affects its value. The 1882 Morgan Dollar is considered to be a relatively rare coin, with a mintage of just over 12 million coins. Coins that are rarer are worth more than coins that are more common.
Here is a general guide to the value of 1882 Morgan Dollars, depending on their grade and mint mark:
- Philadelphia Mint:
- Extremely Fine (EF-40) - $18
- About Uncirculated (AU-50) - $25
- Uncirculated (MS-60) - $50
- Proof (PR-60) - $65,000
- Carson City Mint:
- Extremely Fine (EF-40) - $110
- About Uncirculated (AU-50) - $200
- Uncirculated (MS-60) - $950
- Proof (PR-60) - $65,000
- New Orleans Mint:
- Extremely Fine (EF-40) - $150
- About Uncirculated (AU-50) - $250
- Uncirculated (MS-60) - $1,250
- Proof (PR-60) - $65,000
It's important to note that the value of 1882 Morgan Dollars can vary significantly depending on a number of factors, such as the current market conditions and the specific characteristics of the coin. If you have an 1882 Morgan Dollar, it's always a good idea to have it professionally appraised to determine its exact value.