The value of an 1882 Morgan silver dollar is not a single figure but varies significantly based on two primary factors: its mint mark and its physical condition, or grade. These factors can mean the difference between a coin worth a modest amount and one valued at hundreds or even thousands of dollars.
In 1882, Morgan dollars were produced at four different U.S. Mint facilities, and the mint mark indicating its origin can be found on the reverse side of the coin, beneath the eagle's tail feathers. The mints were Philadelphia (which has no mint mark), New Orleans (O), San Francisco (S), and Carson City (CC). The coins from Philadelphia, New Orleans, and San Francisco are quite common. In circulated condition, these coins are typically valued in the range of $27 to $55. In uncirculated, or Mint State, condition, their value begins around $47 to $65 and can rise to $250 or more for gem-quality examples.
The 1882-CC Morgan dollar, struck at the Carson City mint, is considerably rarer and more valuable than its counterparts. This particular coin carries a significant premium regardless of its condition. A circulated 1882-CC can be worth around $165 or more. An uncirculated example starts at approximately $275 and its value increases sharply with higher grades, with a gem MS-65 specimen valued at over $600.
In summary, a heavily worn 1882 Morgan dollar from a common mint (Philadelphia, New Orleans, or San Francisco) is worth a base value tied to its silver content and collector demand, generally in the $30 to $50 range. However, the value escalates dramatically for coins in better condition and especially for the sought-after Carson City issue. For a precise valuation, it is always best to have the coin examined by a professional.
