The Susan B. Anthony Dollar, first minted in 1979, is making waves among coin collectors today. This small coin, honoring a key figure in women’s rights, didn’t catch on with the public when it was first released. However, certain rare versions of this coin are now highly valuable, with some rumored to be worth millions. Let’s explore why collectors are hunting for these coins, what makes them special, and how you might spot one.
A Brief History of the Susan B. Anthony Dollar
The Susan B. Anthony Dollar was the first U.S. coin to feature a real woman, Susan B. Anthony, a leader in the fight for women’s right to vote. Introduced in 1979, it was meant to replace the larger Eisenhower Dollar with a smaller, more practical coin. The U.S. Mint produced it from 1979 to 1981 and again in 1999. However, its size and color, similar to a quarter, confused people, and it never became popular for everyday use.
Despite its lack of success in circulation, the coin holds a special place in U.S. history. Its limited production and unique features have made it a favorite among collectors today.
Why Was the Coin Made?
The U.S. Mint wanted a dollar coin that was easier to carry than the bulky Eisenhower Dollar. They also hoped it would replace the paper dollar bill, with support from the vending machine industry. In 1999, the coin was brought back briefly due to a shortage of dollar coins for vending machines and public transit systems.
Why Collectors Are Interested
Collectors are drawn to Susan B. Anthony Dollars for several reasons. From rare versions to historical importance, these coins offer exciting opportunities for hobbyists and investors.
Rare Versions and Errors
Some Susan B. Anthony Dollars are worth much more than their $1 face value due to unique features or minting mistakes. Here are a few that collectors seek:
- 1979-P Wide Rim (Near Date): This version has a date closer to the coin’s edge than usual. Uncirculated versions can sell for $30–$35 or more.
- 1979-S and 1981-S Type II Proofs: These coins have a clearer “S” mint mark, making them rare and valuable to collectors.
- Possible $5 Million Coin: Rumors suggest a 1979 pattern coin, a rare prototype with unique features, could be worth up to $5 million. It might still be in circulation, hiding in coin jars or vending machine change.
Historical Importance
The coin was groundbreaking as the first to feature a real woman on U.S. currency. Susan B. Anthony’s role in the women’s suffrage movement adds sentimental value, making the coin a piece of history.
Low Cost and High Potential
Many Susan B. Anthony Dollars are still affordable, often close to their $1 face value. With hundreds of millions stored in government vaults, collectors can buy them at low prices. However, rare versions or those in excellent condition can fetch much higher prices, offering great investment potential.
How to Spot a Valuable Susan B. Anthony Dollar
Not every Susan B. Anthony Dollar is worth a fortune, but here are tips to identify valuable ones:
| Feature | Description |
|---|---|
| Mint Mark | Look for a “P” (Philadelphia) with a Wide Rim or a clear “S” (San Francisco) for proof coins. |
| Condition | Coins in mint or uncirculated condition are worth more. Check for scratches or wear. |
| Year | Focus on 1979 or 1999 coins, as they include rare varieties. |
| Design Errors | Look for unusual details, like a misplaced date or mint mark. |
To confirm a coin’s value, have it graded by a professional service like the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC).
Where to Find These Coins
You might find Susan B. Anthony Dollars in everyday places:
- Change from vending machines or public transit.
- Coin rolls from banks.
- Online marketplaces like eBay or coin dealer websites.
- Coin shows or local coin shops.
Always buy from trusted sellers to ensure authenticity.
Why Now Is a Good Time to Collect
With growing interest in rare coins, the Susan B. Anthony Dollar is gaining attention. Its low cost makes it an easy entry point for new collectors, while rare varieties offer big rewards for seasoned numismatists. If dollar coins become more popular in the future, demand for these coins could rise, increasing their value.
Conclusion
The Susan B. Anthony Dollar may not have won over the public in the 1970s, but it’s now a hidden gem for collectors. Its historical significance, rare varieties, and low cost make it an exciting find. Whether you’re a beginner or an experienced collector, these coins offer a chance to own a piece of history with potential for big returns. Start checking your change—you might just find a treasure!
FAQ
What is the Susan B. Anthony Dollar?
It’s a U.S. coin minted from 1979 to 1981 and in 1999, featuring Susan B. Anthony, a women’s rights leader. It was the first U.S. coin to show a real woman.
Why are some Susan B. Anthony Dollars valuable?
Certain coins are rare due to minting errors, like the 1979-P Wide Rim or clear “S” mint marks on proof coins. Some may even be worth millions, like a rumored 1979 pattern coin.
How can I tell if my coin is rare?
Check the year, mint mark, and condition. Look for a 1979-P Wide Rim or 1979-S/1981-S Type II proof coins. Professional grading services can confirm value.
Where can I find these coins?
Look in vending machine change, bank coin rolls, or buy from trusted coin dealers or online marketplaces.
Why did the coin fail in circulation?
Its size and color were too similar to a quarter, causing confusion. People also preferred paper dollar bills.
Is it a good time to collect these coins?
Yes! They’re affordable, and rare versions have high value. Growing collector interest makes now a great time to start.