The valuation of an 1882 Morgan greenback struck on the Philadelphia Mint, denoted by the absence of a mint mark, hinges totally on its situation and rarity. Cash in circulated grades, exhibiting put on from use, typically command costs reflecting their silver content material plus a premium for collectibility. Uncirculated examples, retaining their authentic mint luster, obtain considerably increased values.
The historic significance of those {dollars} lies of their position as normal coinage throughout a interval of increasing American commerce and the continued debate surrounding bimetallism. The Philadelphia Mint, as the first facility, produced a big amount of those cash; nevertheless, superior situation specimens are wanted by numismatists. The inherent price as treasured metallic and the tangible connection to American historical past contribute to its attraction.