Abstract: The oxide superconductor according to the present invention is represented by (Hg.sub.1-x Pb.sub.x)Ba.sub.2 Ca.sub.2 Cu.sub.3 O.sub..delta. (0.08.ltoreq.x.ltoreq.0.41, 7.625.ltoreq..delta..ltoreq.9.15), and has a crystal structure in which a lamination unit of (Hg, Pb)O.sub.z -BaO-CuO.sub.2 -Ca-CuO.sub.2 -Ca-CuO.sub.2 -BaO is laminated in a c-axial direction of the crystal structure (0.625.ltoreq.z.ltoreq.2.15). Further, the method of manufacturing an oxide superconductor, according to the present invention, includes the steps of: mixing material powders of HgO, PbO, BaO, CaO and CuO at a mole ratio of (Hg.sub.1-x Pb.sub.x):Ba:Ca:Cu=a:2:b:c (1.ltoreq.a.ltoreq.2.5, 2.ltoreq.b.ltoreq.3, 2.5.ltoreq.c.ltoreq.4) and compression-molding the mixture powder into a compact; and subjecting the compact to a thermal treatment at 600.degree.-750.degree. C.