The worth of a United States silver coin, struck in 1882 at the New Orleans mint, is a multifaceted subject dependent on several factors. These include its condition, the presence of any mint errors or varieties, and prevailing market demand among collectors. A coin’s grade, ranging from Poor to Mint State, significantly influences its potential price. Coins displaying minimal wear and retaining original mint luster command higher premiums.
This particular issue holds a significant place in numismatic history due to its origin at the New Orleans mint, denoted by the “O” mintmark. The value stems from a combination of its silver content, its age, and its collectibility. Historical events surrounding its mintage and any unique characteristics add to its desirability, influencing the price collectors are willing to pay. A scarcity of high-grade examples further enhances its potential worth.