The value of a Susan B. Anthony dollar coin is determined primarily by its condition, mint mark, and rarity of the specific issue. Most circulated examples, those showing signs of wear, typically trade near their face value of one dollar. However, uncirculated coins, especially those with particular mint marks or those in exceptional condition, command higher prices.
The significance of the Susan B. Anthony dollar lies in its historical context as the first circulating U.S. coin to depict a non-fictional woman. Its design and composition contributed to initial public confusion, but it remains a notable piece of American numismatic history. Knowing potential prices enables collectors to assess their holdings and make informed decisions about buying or selling.
To accurately ascertain the monetary value of one of these coins, factors such as the specific year it was minted (1979, 1980, 1981, or 1999), the presence and type of mint mark (P, D, or S), and its certified grade from a reputable grading service must be carefully considered. Resources such as coin price guides and auction records offer additional insight into current market trends.
1. Condition Assessment
The condition of a Susan B. Anthony dollar coin is a primary determinant of its worth. A coin’s state of preservation directly influences its appeal to collectors and, consequently, its market value. Understanding the grading scale used to assess condition is crucial for evaluating a coin’s worth.
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Uncirculated (MS60-MS70)
Uncirculated coins exhibit no wear and retain their original mint luster. The Sheldon Scale, ranging from MS60 to MS70, quantifies the degree of preservation, with MS70 representing a flawless coin. Uncirculated Susan B. Anthony dollars, particularly those graded MS65 or higher, command significantly higher prices than circulated examples. For instance, an MS67 graded coin will be worth considerably more than an MS63 graded example.
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About Uncirculated (AU50-AU58)
About Uncirculated coins show minimal traces of wear, typically on the highest points of the design. These coins retain most of their original luster. While less valuable than uncirculated coins, AU examples are still more desirable than circulated coins and hold a premium over face value. Slight rubbing on Anthony’s cheekbone is a common indicator of AU condition.
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Circulated (G4-VG10, F12-F15, VF20-VF35, EF40-EF45)
Circulated coins exhibit varying degrees of wear from handling and use. The grading scale ranges from Good (G4) to Extremely Fine (EF45), with each grade reflecting the extent of detail remaining on the coin. Circulated Susan B. Anthony dollars generally trade near their face value unless they possess a rare date or mint mark. The level of detail visible in the hair and drapery is often used to assess the grade of circulated examples.
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Proof (PR60-PR70)
Proof coins are specially struck with highly polished dies, resulting in a mirror-like surface and sharp details. These coins were primarily intended for collectors and are judged by the same standards as uncirculated coins, but consider the mirrored fields. Proof Susan B. Anthony dollars, particularly those with deep cameo contrast, can be valuable depending on their grade and rarity.
In summary, the assessment of a Susan B. Anthony dollar’s condition is pivotal in determining its worth. A well-preserved uncirculated or proof coin can fetch a substantial premium, while circulated examples typically have limited value beyond their face value, unless other factors such as rarity come into play. Therefore, potential buyers and sellers must carefully evaluate the condition of the coin when determining the final value.
2. Mint Mark Presence
The presence and type of mint mark on a Susan B. Anthony dollar is a significant factor influencing its numismatic value. These marks, indicating the U.S. Mint facility where the coin was produced, denote relative scarcity and collector demand, thereby impacting its worth.
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“P” Mint Mark (Philadelphia)
Coins bearing the “P” mint mark were struck at the Philadelphia Mint. Generally, these are the most common Susan B. Anthony dollars. While not inherently valuable due to their abundance, uncirculated examples in high grades can still command a premium. An example is a 1979-P in MS67 condition, which may fetch a price above typical face value due to its pristine state.
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“D” Mint Mark (Denver)
The “D” mint mark signifies that the coin originated from the Denver Mint. Similar to the Philadelphia-minted coins, Denver issues are relatively common. However, specific years and conditions can elevate their value. For instance, a 1980-D in uncirculated condition is generally more sought after than a circulated one, increasing its potential sale price.
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“S” Mint Mark (San Francisco)
The “S” mint mark indicates production at the San Francisco Mint, primarily for proof coins intended for collectors. These proof examples are often more valuable than their business strike counterparts from Philadelphia or Denver. A 1979-S proof coin, especially in PR69 or PR70 condition, can be significantly more valuable due to its limited mintage and superior quality.
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Absence of Mint Mark (Philadelphia before 1980)
It’s important to note that coins minted in Philadelphia prior to 1980, including Susan B. Anthony dollars, do not have a mint mark. This absence is itself a characteristic to consider. While not adding inherent value in most cases, collectors need to understand this feature for accurate identification. The absence of a mark, combined with other factors like condition, helps differentiate and categorize the coin, affecting its overall assessment.
In summary, the mint mark, or lack thereof, provides crucial information about a Susan B. Anthony dollar’s origin and potential rarity. Collectors should carefully examine each coin for the presence and type of mint mark, as this factor, combined with condition and other variables, will ultimately determine its value in the numismatic market. Variations in mintage figures from each mint contribute significantly to the fluctuations in market prices.
3. Rarity by Year
The year in which a Susan B. Anthony dollar was minted directly impacts its potential value. Variations in mintage figures from year to year create relative scarcity, thereby influencing collector demand and market prices. Certain years saw significantly lower production numbers, making those issues more desirable.
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1979 Production Volume
The year 1979 represents the highest mintage year for the Susan B. Anthony dollar. Large quantities were produced across all three mints (Philadelphia, Denver, and San Francisco). Consequently, circulated 1979 dollars are generally common and have minimal premium beyond their face value. However, specific varieties, such as the Near Date and Far Date errors from the Philadelphia Mint, are notable exceptions. These variations, though specific to 1979, command higher prices due to their scarcity relative to the standard 1979 issues.
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1980 Production Volume
The 1980 mintage was significantly lower than that of 1979. This reduction in production translates to a slightly higher value for uncirculated 1980 dollars compared to their 1979 counterparts. While not considered rare, the decreased availability makes them more appealing to collectors seeking to complete a set. The Denver-minted (1980-D) dollars are often more sought after than those from Philadelphia, further increasing their potential worth.
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1981 Production Volume
The 1981 Susan B. Anthony dollars were not released into general circulation. They were exclusively produced for mint sets and proof sets, resulting in substantially lower quantities compared to 1979 and 1980. This limited release makes the 1981 dollars, particularly those from the Philadelphia and Denver mints, considerably more valuable. Uncirculated examples from mint sets are highly prized, and the absence of circulation wear further enhances their collectibility.
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1999 Production Volume
In 1999, the Susan B. Anthony dollar was reintroduced to circulation due to a shortage of dollar coins prior to the release of the Sacagawea dollar. This single-year revival resulted in a moderate mintage figure. While not as rare as the 1981 issues, the 1999 dollars have a higher intrinsic value than the common 1979 and 1980 issues. The 1999 coin fills a specific gap in collections and is a key component for anyone compiling a complete set of Susan B. Anthony dollars.
In conclusion, the rarity of a Susan B. Anthony dollar, dictated by its year of minting, directly influences its desirability and potential market value. Collectors prioritize years with lower mintage figures, such as 1981, while common dates like 1979 generally trade closer to face value unless they possess unique errors or are in exceptional condition. The interplay between mintage numbers and collector demand establishes the price points observed in the numismatic market.
4. Errors & Varieties
The presence of errors and varieties on Susan B. Anthony dollars can significantly influence their value. These anomalies, resulting from malfunctions during the minting process or intentional design modifications, create distinct and often rare coins highly sought after by collectors. Understanding these variations is crucial for accurately assessing a coin’s worth.
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1979-P Near Date and Far Date Varieties
The 1979-P Susan B. Anthony dollar exhibits two distinct varieties, known as the Near Date and Far Date. These variations pertain to the proximity of the date numerals to the rim of the coin. The “Near Date” displays the date numerals closer to the rim, while the “Far Date” shows a greater distance. The “Far Date” variety is generally scarcer and thus commands a higher premium among collectors. Identifying this variety involves careful examination of the coin’s obverse.
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Doubled Die Obverse (DDO)
A doubled die obverse (DDO) occurs when the die used to strike the coin receives multiple, slightly offset impressions during its creation. This results in a doubling of design elements, such as lettering or the portrait of Susan B. Anthony. While not as prevalent as other errors, a DDO on a Susan B. Anthony dollar can substantially increase its value, particularly if the doubling is pronounced and easily visible. Authentication by a reputable grading service is recommended to confirm the presence of a DDO.
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Broadstrike Errors
A broadstrike error occurs when a coin is struck without the retaining collar in place. This causes the metal to spread beyond its intended diameter, resulting in a flattened and often misshapen coin. Broadstrike errors on Susan B. Anthony dollars are relatively uncommon and are visually distinctive, making them attractive to error collectors. The value of a broadstrike error is determined by the severity of the error and the coin’s overall condition.
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Off-Center Strikes
An off-center strike happens when the planchet is not properly aligned within the striking chamber, leading to a portion of the design being missing. The degree of off-center striking influences the coin’s value; more dramatic off-center strikes, where a significant portion of the design is absent, command higher prices. Collectors value these errors for their visual impact and rarity. However, severely off-center strikes may be damaged, which can affect their grade and value.
The presence of errors and varieties introduces a layer of complexity to determining the value of a Susan B. Anthony dollar. These anomalies, ranging from subtle date variations to dramatic striking errors, can significantly increase a coin’s desirability and market price. Accurate identification and grading are essential for assessing the true worth of a Susan B. Anthony dollar with notable errors or varieties.
5. Market Demand
The value of a Susan B. Anthony dollar is inextricably linked to market demand, representing a fundamental economic principle at play within the numismatic community. Demand acts as a primary driver, influencing the prices collectors are willing to pay for specific issues, grades, or varieties of the coin. A heightened interest in collecting Susan B. Anthony dollars, for instance, driven by increased historical appreciation or promotional campaigns, typically correlates with elevated market prices. Conversely, decreased collector enthusiasm can lead to a stabilization or even decline in values. The relative scarcity of certain mint marks or error coins amplifies the effects of demand; limited supply coupled with strong collector interest results in higher prices.
Several factors contribute to the fluctuation of market demand. The overall health of the economy plays a role, as disposable income influences collectors’ ability to purchase coins. Numismatic trends and the introduction of new collectors to the hobby also impact demand for specific series, including the Susan B. Anthony dollar. For example, a renewed focus on women’s history within educational curricula could spur interest in collecting these coins, thereby increasing demand and prices. The actions of coin grading services, which certify and encapsulate coins, influence perceptions of rarity and condition, further shaping demand. A coin graded as Mint State 67 (MS67) by a reputable service often attracts more buyers and commands a higher price than an ungraded coin of similar appearance due to the assurance of its condition.
In summary, market demand functions as a critical determinant of a Susan B. Anthony dollar’s worth. Economic factors, numismatic trends, grading services, and promotional activities all contribute to shaping collector interest and, consequently, the coin’s market value. Understanding the dynamics of demand allows both collectors and sellers to make informed decisions, maximizing potential returns or acquiring coins at reasonable prices. While the inherent characteristics of the coin, such as its condition and mint mark, provide a baseline value, it is the prevailing market demand that ultimately dictates its true worth.
6. Grading Certification
Grading certification plays a pivotal role in establishing the value of a Susan B. Anthony dollar. Third-party grading services, such as the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC), assess a coin’s condition, authenticate its origin, and encapsulate it in a tamper-evident holder. This process significantly impacts the perceived value, as a certified grade provides a standardized and objective assessment of the coin’s state of preservation. For example, an uncirculated Susan B. Anthony dollar graded MS65 by PCGS will invariably command a higher price than an ungraded example due to the assurance of its condition and authenticity. Certification reduces the subjectivity inherent in self-grading and instills confidence in potential buyers, directly influencing their willingness to pay a premium.
The effect of grading certification extends beyond mere condition assessment. It also serves to identify and authenticate varieties and errors, such as the 1979-P Near Date and Far Date distinctions. Grading services attribute these varieties, confirming their existence and assigning them specific designations on the coin’s holder. This verification process adds value, as collectors often seek certified examples of rare varieties to ensure their authenticity. Furthermore, certification protects the coin from environmental damage and mishandling, preserving its condition and long-term value. The encapsulation safeguards the coin from fingerprints, scratches, and atmospheric contaminants, maintaining its graded state and preventing degradation over time.
In summary, grading certification is an indispensable component in determining the monetary worth of a Susan B. Anthony dollar. It provides a standardized assessment of condition, authenticates varieties and errors, and protects the coin from damage. The objectivity and security offered by grading services instill confidence in buyers and sellers, fostering a more transparent and efficient market. While the cost of grading adds to the overall expense of collecting, the increased value and liquidity afforded by certification often outweigh the initial investment, making it a crucial consideration for serious numismatists.
Frequently Asked Questions
This section addresses common inquiries regarding the factors influencing the value of Susan B. Anthony dollars, providing clarification on various aspects of their worth.
Question 1: What is the typical value range for a circulated Susan B. Anthony dollar?
Circulated Susan B. Anthony dollars generally trade near their face value of one dollar. Significant wear and tear diminishes the coin’s appeal to collectors, resulting in a limited premium over its monetary denomination.
Question 2: How does the mint mark affect the value of a Susan B. Anthony dollar?
The presence and type of mint mark significantly influence the value. Dollars minted in San Francisco (“S” mint mark) as proof coins are typically more valuable than those from Philadelphia (“P”) or Denver (“D”), particularly in higher grades. The absence of a mint mark prior to 1980 indicates production in Philadelphia.
Question 3: Are Susan B. Anthony dollars considered silver?
Despite often being referred to as “silver dollars,” Susan B. Anthony dollars are not made of silver. They are composed of a clad metal consisting of copper and nickel, contributing to their metallic appearance.
Question 4: What makes a 1979-P Susan B. Anthony dollar with a “Far Date” variety more valuable?
The “Far Date” variety of the 1979-P dollar is considered scarcer than the “Near Date” variety. The distinguishing feature is the greater distance between the date numerals and the rim of the coin. This scarcity drives its higher value among collectors.
Question 5: Does professional grading certification significantly increase the value of a Susan B. Anthony dollar?
Yes, professional grading certification by reputable services like PCGS or NGC can substantially increase the value, particularly for uncirculated or proof examples. Certification provides an objective assessment of condition and authenticity, instilling confidence in potential buyers.
Question 6: Are there any Susan B. Anthony dollar errors that are particularly valuable?
Doubled die obverse errors, broadstrike errors, and off-center strikes can increase a Susan B. Anthony dollar’s worth, depending on the severity and visibility of the error. Authentication by a grading service is recommended to confirm and attribute the error.
Understanding these factors is crucial for accurately assessing the value of Susan B. Anthony dollars and making informed decisions about their acquisition or sale.
The subsequent section delves into resources for further exploration and valuation.
Tips for Determining What Is a Susan B. Anthony Silver Dollar Worth
Evaluating the potential value of a Susan B. Anthony dollar necessitates careful consideration of several factors. Adherence to these guidelines increases the likelihood of an accurate assessment.
Tip 1: Assess the Coin’s Condition Meticulously: Employ the Sheldon grading scale to evaluate the coin’s state of preservation, distinguishing between circulated, about uncirculated, and uncirculated examples. High-grade uncirculated coins command a significant premium.
Tip 2: Identify the Mint Mark Precisely: Locate the mint mark (“P,” “D,” or “S”) on the coin’s obverse. San Francisco (“S”) proof coins are generally more valuable than Philadelphia (“P”) or Denver (“D”) issues. Note that Philadelphia coins before 1980 lack a mint mark.
Tip 3: Research the Coin’s Year of Mintage: Understand that mintage figures vary by year, with 1981 dollars, produced solely for mint sets, being scarcer and generally more valuable. Circulated 1979 and 1980 dollars are common and typically trade near face value.
Tip 4: Examine the Coin for Errors and Varieties: Inspect the coin for known errors such as the 1979-P Near Date and Far Date varieties or doubled die obverses. Authenticate any suspected errors through reputable grading services.
Tip 5: Consult Reputable Price Guides and Auction Records: Utilize resources like the “Red Book” (A Guide Book of United States Coins) and auction archives from Heritage Auctions to research recent sales data for comparable coins.
Tip 6: Consider Professional Grading Certification: Submitting coins to PCGS or NGC can authenticate, grade, and encapsulate the coin, significantly increasing its perceived value and marketability.
Tip 7: Monitor Market Trends: Stay informed about numismatic trends and collector demand, as these factors influence the market value of Susan B. Anthony dollars. Online forums and coin collecting publications provide relevant updates.
By applying these tips, a more accurate valuation of a Susan B. Anthony dollar is achievable, minimizing potential errors in assessing its worth.
The subsequent section addresses the ultimate conclusion, incorporating key takeaways and emphasizing the enduring significance of these coins.
Determining Value
The assessment of what a Susan B. Anthony silver dollar is worth requires a multifaceted approach. Condition, mint mark, year of mintage, presence of errors, and market demand collectively dictate its value. While many circulated examples trade near face value, uncirculated coins, rare varieties, and certified specimens command higher prices. Understanding these factors is crucial for informed buying, selling, and collection management.
The Susan B. Anthony dollar, despite its relatively short period of circulation, remains a significant piece of American numismatic history. Diligent research and careful evaluation remain essential for determining its monetary worth and appreciating its historical significance. Continued collector interest and the ongoing discovery of new varieties ensure that the value and study of these coins will persist.
