The Susan B. Anthony dollar is more than just a piece of currency; it represents a significant chapter in American history, celebrating the contributions of women to society and their fight for equality. While many people may view these coins as simple dollar pieces, some Susan B. Anthony dollars can be worth a surprising amount of money—up to $500 or more. In this article, we’ll explore which Susan B. Anthony dollars are particularly valuable, the factors that contribute to their worth, and how you can identify them.
A Brief History of the Susan B. Anthony Dollar
The Susan B. Anthony dollar was first minted in 1979 and continued production until 1981, with a final release in 1999. Named after the famous women’s rights activist, Susan B. Anthony, the coin was designed to honor her contributions to women’s suffrage in the United States. The obverse side of the coin features Anthony’s portrait, while the reverse displays an eagle landing on the moon, symbolizing the country’s achievements in space exploration.
Initially, the Susan B. Anthony dollar faced a fair amount of criticism. Many people found it to be too similar in size and color to the quarter, which led to confusion. As a result, the coin never gained widespread popularity and was eventually discontinued. However, collectors and enthusiasts have since recognized its historical significance and rarity, leading to increased interest and value for certain coins.
Factors That Influence the Value of Susan B. Anthony Dollars
Several factors contribute to the value of Susan B. Anthony dollars. Understanding these elements can help you determine whether the coin in your pocket might be worth more than its face value.
1. Mint Mark
The mint mark indicates where the coin was produced. The three main mints that produced the Susan B. Anthony dollar are:
- Philadelphia (no mint mark)
- Denver (D)
- San Francisco (S)
Coins minted in San Francisco, particularly in proof condition, are generally more valuable due to their limited production. Coins without mint marks from the Philadelphia mint can also be worth more if they are rare varieties.
2. Condition (Grade)
The condition of a coin significantly affects its value. Coins are graded on a scale from 1 to 70, with 70 being perfect. The main grades to consider are:
- Uncirculated (MS): Coins that have never been used as currency and retain their original luster and features.
- Extremely Fine (EF): Coins that show minimal wear but still have clear details.
- Very Fine (VF): Coins that have noticeable wear, but the major features are still recognizable.
Coins in better condition tend to sell for higher prices.
3. Rarity and Demand
As with any collectible, rarity and demand play a critical role in determining a coin’s value. Coins that were produced in lower quantities or those that have unique features tend to be more sought after by collectors. Additionally, demand for specific coins can fluctuate based on current market trends, collector interests, and even historical events.
Which Susan B. Anthony Dollars Are Worth Up to $500?
Now that we’ve covered the factors affecting the value of Susan B. Anthony dollars, let’s delve into specific coins that are known to be particularly valuable. Here are some of the most notable examples:
1. 1979-P Wide Rim
The 1979-P Wide Rim Susan B. Anthony dollar is one of the most sought-after coins among collectors. This variety features a wider rim than the standard version and is known for its unique appearance. While the regular 1979-P coins are relatively common, the Wide Rim version is much scarcer, making it worth up to $500 in uncirculated condition.
2. 1979-S Proof
The 1979-S Proof Susan B. Anthony dollar is another valuable coin due to its limited mintage and high-quality finish. Proof coins are struck using polished dies and are designed for collectors, making them rarer than regular coins. Depending on the condition, a 1979-S Proof coin can fetch between $100 and $500 at auction.
3. 1980-P Narrow Rim
Similar to the 1979-P Wide Rim, the 1980-P Narrow Rim variety has a distinctive appearance. This coin features a narrower rim and is considerably less common than the standard version. Depending on the condition and the market demand, collectors have been known to pay up to $400 for a high-quality 1980-P Narrow Rim coin.
4. 1981-S Proof
The 1981-S Proof Susan B. Anthony dollar is another coin that can be worth a significant amount. As with the earlier proof coins, this one was produced for collectors and features a high-quality finish. In uncirculated condition, this coin can command prices in the $100 to $400 range.
5. 1981-P Near Date
The 1981-P Near Date coin features a slight variation in the placement of the date compared to its counterpart. This variety is relatively rare and can be worth up to $300 or more, depending on the condition.
6. 1981-P High Relief
While not as well-known as other varieties, the 1981-P High Relief coin is noteworthy due to its unique striking method, which gives it a distinctive appearance. This coin is rare, and prices can reach up to $500 in uncirculated condition.
7. Uncirculated Rolls
Another way to potentially discover valuable coins is by acquiring uncirculated rolls of Susan B. Anthony dollars. Rolls that contain several uncirculated coins, particularly those from 1979 and 1980, can be worth significantly more than their face value, especially if they include rare varieties.
How to Identify Valuable Susan B. Anthony Dollars
If you suspect that you may have a valuable Susan B. Anthony dollar, it’s essential to know how to identify the key features that contribute to its value. Here’s a step-by-step guide to help you evaluate your coins.
Step 1: Inspect the Mint Mark
Check the reverse side of your coin for the mint mark. If it is a “P,” “D,” or “S,” take note of where it was produced. The “S” mint mark generally indicates higher value due to lower production numbers.
Step 2: Examine the Condition
Carefully assess the coin’s condition. Look for any signs of wear, scratches, or damage. Use a magnifying glass if necessary to inspect the details closely. Coins that appear uncirculated will have their original shine and no signs of handling.
Step 3: Identify Unique Features
Look for specific features that may denote rarity, such as wide or narrow rims and differences in the date placement. Comparing your coin with images and descriptions found in reputable numismatic catalogs or online resources can help you identify potential valuable varieties.
Step 4: Consult an Expert
If you believe you have a valuable coin but aren’t sure of its condition or worth, consider consulting a numismatic expert or taking it to a local coin shop. Professionals can provide insights into the coin’s authenticity, condition, and potential market value.
Where to Sell Valuable Susan B. Anthony Dollars
If you discover that you have a valuable Susan B. Anthony dollar, you might be wondering where you can sell it. Here are a few options to consider:
1. Coin Dealers
Local coin dealers can provide a quick and straightforward way to sell your coins. They often buy coins for resale and may offer a fair price, but be aware that they may not pay the full market value.
2. Online Auctions
Websites like eBay provide a platform for selling coins directly to collectors. Ensure you take high-quality photos and provide accurate descriptions to attract potential buyers.
3. Coin Shows and Conventions
Attending coin shows can be an excellent way to sell your valuable coins. You can connect with numerous collectors and dealers in one place, often leading to competitive offers.
4. Online Marketplaces
Besides auction sites, online marketplaces such as Etsy or specialized numismatic websites allow you to list your coins for sale. Research the platform’s rules and fees before selling.
Conclusion
The Susan B. Anthony dollar may seem like just another piece of currency, but certain coins in this series can be worth a considerable amount—up to $500 or more. By understanding the factors that contribute to a coin’s value, such as mint marks, condition, rarity, and demand, you can better identify whether the coin in your pocket could be a hidden treasure.
Whether you are a seasoned collector or just starting, the world of coin collecting offers exciting opportunities. With the right knowledge and resources, you could uncover a valuable Susan B. Anthony dollar and turn it into a rewarding addition to your collection. So, the next time you come across a Susan B. Anthony dollar, take a moment to examine it closely—you never know what you might find!
FAQ
1. What makes certain Susan B. Anthony dollars worth more than others?
The value of Susan B. Anthony dollars varies based on factors like mint mark, condition (grade), rarity, and demand. Specific errors, such as the 1979-P Wide Rim and 1981-P High Relief varieties, can significantly increase a coin’s worth.
2. How can I tell if my Susan B. Anthony dollar is valuable?
To determine if your coin is valuable, check its mint mark (P, D, or S), examine its condition for wear or damage, and look for unique features like wide or narrow rims or variations in date placement.
3. Where can I sell my valuable Susan B. Anthony dollars?
You can sell valuable coins to local coin dealers, through online auction platforms like eBay, at coin shows, or on specialized online marketplaces for numismatics.
4. What is the highest value a Susan B. Anthony dollar can reach?
Some rare Susan B. Anthony dollars, particularly in uncirculated condition, can be worth up to $500 or more. Prices fluctuate based on market demand and the specific coin’s rarity.
5. How should I store my Susan B. Anthony dollars to protect their value?
To protect your coins, store them in a cool, dry place. Use protective holders, such as coin flips or capsules, to prevent scratches and other damage. Avoid touching the coins directly to maintain their condition.