Below is the compilation of the Best Opensource Shopping cart systems that are available on the web as of 2010 !
osCommerce is a free, open source online shop software. The default installation includes a large number of features that you can easily enable and configure. You can easily install osCommerce on your website with the help of the Fantastico auto-installer. With osCommerce shopping cart you can add multiple products on your site, organize them in categories, set discounts and special promotions. osCommerce allows you to set your prices in different currencies and accept all popular payment methods: PayPal, credit cards, cheques. osCommerce has a built-in shipping and tax functionalities.
website: http://www.oscommerce.com/
CREloaded project is built on the source code of osCommerce but it has extra contributions installed. It offers powerful shopping cart solutions in Standard, Pro and Pro B2B editions. With CREloaded you have the ability to distribute coupon codes, the template system is better, and you have an affiliate manager
website: http://www.creloaded.com/
Magento is the latest open source eCommerce platform on the web. It offers professional features, flexibility and control over the look, content, and functionality of the online shop. With Magento you can establish an e-business with convenient product and catalog browser options, extended customer management, advanced analytics, reporting and marketing promotions tools, and much more. Magento has an intuitive administration interface, it is completely scalable and backed by an extensive support network.
website: http://www.magentocommerce.com/

Zen cart is being developed by a group of like-minded shop owners, programmers, designers, and consultants who have first-hand experience in e-commerce. Zen Cart is the outcome of their continuous mutual work. It is a free and user-friendly shopping cart, and is distributed as an open source software.
website: http://www.zen-cart.com/

CubeCart is an eCommerce script written in PHP & MySQL. With CubeCart you can setup a powerful online store as long as you have hosting supporting PHP and one MySQL database. CubeCart is very powerful and easy to connect to various payment gateways.
website: http://www.cubecart.com/

Virtuemart (formerly known as php-Shop) is an independent open-source shopping cart solution. However, it is better known as an e-commerce component for Mambo or Joomla! CMS.
website: http://virtuemart.net/
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