The 1882 O/S Morgan Dollar is a notable key variety in the Morgan silver dollar series, highly sought after by collectors for its unique overmintmark feature. This coin was minted at the New Orleans Mint and features an “O” mint mark stamped over an “S” mint mark on the reverse side, a rarity caused by the mint repurposing dies originally marked for the San Francisco (“S”) Mint during die shortages. This overmintmark variety is one of the more famous and collectible Morgan Dollar die varieties.
Composed of 90% silver and 10% copper, the coin weighs 26.73 grams and measures 38.1 mm in diameter. The obverse presents Lady Liberty in profile wearing a Phrygian cap adorned with wheat and cotton blossoms. The reverse features a heraldic eagle clutching arrows and an olive branch, symbols of strength and peace, with “O/S” mint mark positioned beneath the eagle’s tail feathers.
The 1882 O/S is considered a key date or variety in the Morgan Dollar series due to its limited mintage and the rarity of surviving high-grade specimens. Most examples are found in circulated grades, but mint state coins such as AU (About Uncirculated) grades, particularly AU58, are quite desirable. The condition indicates the coin shows only slight wear on the highest points and retains much of its original luster, making it appealing for collectors who want quality without the extreme premiums of perfect mint states.
Collectors prize the 1882 O/S Morgan Dollar for its uniqueness and the story it tells about U.S. minting practices in the late 19th century. Its rarity in well-preserved condition has led to high auction values, with some certified examples fetching significant sums due to demand from Morgan Dollar enthusiasts, especially those seeking key varieties to complete their collections.
In summary, the 1882 O/S Morgan Dollar is a prized key-date variety distinguished by its overmintmark from the New Orleans Mint. An AU58 graded example combines rarity with excellent eye appeal, making it a prized possession for collectors of classic American silver dollars and an important piece of numismatic history.