1882-O Morgan Dollar

In similar fashion to the prior year issue from the same mint, the 1882-O Morgan Dollar had a relatively abundant mintage of 6,090,000. Some of these pieces circulated around the time of issue, while others were retained.

Generally speaking, this date is found poorly produced with a weak strike and dull luster. This factors serve to limit the number of examples found in grades gem and higher. Premiums jump at the MS65 grade level to around $800 or more. Coins graded higher are scarce, although astoundingly there is one piece graded PCGS MS68 from the Jack Lee collection. This coin most recently released $46,000 at an auction held in January 2009.

A noted variety for this issue is the 1882-O “O over S” Morgan Dollar, which shows the remnants of the underlying mint mark. This variety is extremely rare in grades MS64 and MS65, driving a substantial premium.

1882-O Morgan Dollar Mintage and Specifications

  • Mintage: 6,090,000
  • Mint mark: O (New Orleans)
  • Composition: 90% silver, 10% copper
  • Weight: 26.73 grams
  • Diameter: 38.1 mm