Silver Dollars & Trade Dollars of the United States - A Complete Encyclopedia
Q. David Bowers
1882-0 Morgan: Market Values
1882-0 Morgan: Summary of Characteristic
Business Strikes:
Enabling legislation: As earlier, plus Act of February 28, 1878
Designer: George T. Morgan
Weight and composition: 412.5 grains; .900 silver, .100 copper
Melt-down (silver value) in year minted: $0.87833
Dies prepared Obverse: 33; Reverse: 33
Business strike mintage: 6,090,000
Specimens sent to the Assay Commission: 67
Estimated quantity melted: Unknown.
Approximate population MS-65 or better: 2,500 to 4,000 (URS-13)
Approximate population MS-64: 20,000 to 30,000 (URS-16)
Approximate population MS-63: 40,000 to 70,000 (URS-17)
Approximate population MS-60 to 62: 100,000 to 200,000 (URS-18)
Approximate population G-4 to AU-58: 500,000 to 800,000 (URS-21)
Availability of prooflike coins: The 1882-O is readily available with prooflike surfaces. Most have frosty devices and inscriptions set against fields that are not fully mirrored. DMPL coins are slightly scarcer.
Characteristics of striking: Most specimens are rather lightly struck, but sharply struck examples can be found.
Known hoards of Mint State coins: 1882-O dollars were released steadily over a long period of years, with especially large quantities coming out from Treasury holdings in 1962-1964. Many hundreds of thousands, if not a million or more, Mint State coins were released in the early 1960s.
Proofs:
None
Commentary
The 1882-O is common in all grades up to and including MS-64.