Rare Susan B. Anthony Dollar Value Guide: The Susan B. Anthony dollar is one of the most distinctive coins in American numismatics. First issued in 1979, it was created to honor the pioneering suffragist who fought tirelessly for women’s rights. The coin was intended to replace the paper dollar, offering a more durable and cost-effective option for circulation. Despite its practical goals, the coin faced challenges in public acceptance due to its similarity in size and color to the quarter. While most Anthony dollars are common, certain rare dates, varieties, and errors have become highly valuable, with some examples worth thousands of dollars.
Historical Background
The decision to introduce the Susan B. Anthony dollar was driven by economic and social factors. Rising costs of printing paper currency encouraged the Mint to explore coinage alternatives. At the same time, honoring Susan B. Anthony reflected a growing recognition of women’s contributions to American history. The coin was designed by Frank Gasparro, Chief Engraver of the United States Mint. It featured Anthony’s portrait on the obverse and an adaptation of the Apollo 11 mission insignia on the reverse. Although production was limited to 1979 through 1981, with a brief revival in 1999, the coin remains a fascinating chapter in modern numismatics.
Composition and Design Features
The Susan B. Anthony dollar was struck in a copper-nickel clad composition, similar to quarters and half dollars of the era. Measuring 26.5 millimeters in diameter, it was smaller than the Eisenhower dollar that preceded it. The obverse depicts Anthony facing right, while the reverse shows an eagle landing on the moon, symbolizing America’s achievements in space exploration. The coin’s distinctive eleven-sided border gives it a unique appearance, though its similarity to the quarter often confused the public.
Key Dates and Rare Issues
Collectors focus on several key dates and varieties within the Susan B. Anthony dollar series. Among the most notable are:
- 1979 Wide Rim Near Date: A variety where the rim is closer to the date, making it distinct from the common narrow rim version.
- 1979-S Type 2 Proof: A proof coin with a clear mintmark style, rarer than the Type 1.
- 1981-S Type 2 Proof: Another proof variety with a refined mintmark, highly collectible.
- 1999-P Proof: Issued during the coin’s brief revival, with limited mintage.
These coins are considered essential for collectors seeking a complete set and often command premiums in the marketplace.
Error Varieties and Their Appeal
Error coins add excitement to the Susan B. Anthony dollar series. Some of the most famous errors include off-center strikes, double dies, and wrong planchet strikes. A notable example is the 1979-P dollar struck on a smaller planchet, creating a dramatic error that can be worth thousands of dollars. Collectors prize these coins because they represent rare mistakes in the minting process, making them unique and historically significant.
Coins Worth Over 10,000
While most Susan B. Anthony dollars are worth only face value or modest premiums, certain rare varieties and errors can exceed 10,000 in value. High-grade examples of the 1979 Wide Rim Near Date, especially in Mint State 67 or higher, have sold for impressive sums. Similarly, proof varieties such as the 1979-S Type 2 and 1981-S Type 2 in perfect grades can reach extraordinary prices. Error coins, particularly dramatic wrong planchet strikes, are among the most valuable, with auction records surpassing 10,000. These coins demonstrate the potential for significant investment returns within the series.
Grading and Condition
The value of a Susan B. Anthony dollar depends heavily on its condition. Coins are graded on a scale from Poor (P-1) to Mint State (MS-70). Proof coins are graded separately, with designations such as Deep Cameo indicating exceptional quality. For collectors, the difference between MS-65 and MS-67 can mean hundreds or even thousands of dollars in value. Understanding grading standards is essential for evaluating coins and making informed investment decisions.
Market Trends and Investment Potential
The market for Susan B. Anthony dollars has evolved over time. Initially dismissed as unpopular, the coin has gained renewed interest among collectors. Rare varieties and high-grade examples have shown steady appreciation, particularly as modern coin collecting expands. Investors often focus on key dates and proof varieties, which have demonstrated strong demand. Market trends suggest that rare Susan B. Anthony dollars will continue to attract attention, especially as collectors seek to complete modern dollar sets.
Collecting Strategies
Building a Susan B. Anthony dollar collection can be both rewarding and challenging. Some strategies include:
- Date and Mintmark Set: Collecting one coin from each year and mint.
- Proof Set: Focusing on proof issues, including rare Type 2 varieties.
- Error Collection: Specializing in error coins such as off-center strikes or wrong planchet issues.
- High-Grade Set: Seeking coins in Mint State 65 or higher.
Each strategy offers different levels of difficulty and investment potential. Collectors should choose based on their budget, interests, and long-term goals.
Auction Records and Notable Sales
Rare Susan B. Anthony dollars have achieved impressive prices at auction. For example, a 1979-S Type 2 Proof in perfect grade has sold for thousands of dollars. Similarly, dramatic error coins have reached five-figure sums, making them among the most valuable modern coins. Auction records provide valuable insight into market demand and help collectors understand the potential value of their coins.
The Role of Certification
Certification by professional grading services such as PCGS or NGC adds credibility and value to Susan B. Anthony dollars. Certified coins are encapsulated in protective holders and assigned grades that are recognized throughout the numismatic community. For rare varieties and high-value coins, certification is often essential for maximizing resale value and ensuring authenticity.
Building a Long-Term Collection
Collectors who approach Susan B. Anthony dollars with patience and strategy can build collections that appreciate over time. Focusing on quality over quantity, seeking certified coins, and staying informed about market trends are all important steps. Rare Susan B. Anthony dollars offer both historical significance and financial potential, making them an attractive choice for long-term collectors and investors.
Conclusion
The Susan B. Anthony dollar may have struggled in circulation, but its rare varieties and key dates tell a fascinating story of American history, minting practices, and collector passion. From wide rim varieties to dramatic errors, these coins offer opportunities for both enjoyment and investment. Whether you are a seasoned numismatist or a new collector, understanding the rare Susan B. Anthony dollar is essential for building a meaningful and valuable collection.