The utility model provides a kind of cover opening paper loading mechanism and printer of printer, including base, cover plate, rubber roll and compression roller, the base is equipped with paper feed passage, rubber roll is installed in the downside of paper feed passage, the cover plate is fixedly connected with the base, the cover plate is equipped with limit installation part, and it is located in the upside of paper feed passage, the compression roller is installed in the limit installation part, the limit installation part is equipped with the movement space for the compression roller to approach or away from the rubber roll, and the compression roller and the limit installation part are connected with elastic connecting component, to push compression roller to the rubber roll.Elastic connecting component can push compression roller to adjust position flexibly in movement space, avoid the situation that one side of compression roller is high and one side is low, ensure that the force of both ends of compression roller is uniform, to prevent the folding jam problem caused by the inconsistency of paper feeding speed on both sides of paper, improve the stability and smoothness of printer paper conveying.