How to Identify a Rare Susan B. Anthony Dollar That’s Quietly Worth Over $500,000: The Susan B. Anthony dollar may seem like just another coin in your change jar, but did you know some of them are worth a fortune? In fact, one rare variety can fetch over $500,000 at auction. Let’s dive into how you can spot these hidden treasures and understand what makes them so valuable.
The Story Behind the Susan B. Anthony Dollar
The Susan B. Anthony dollar was first introduced in 1979 by the United States Mint. It was meant to honor the famous women’s rights activist Susan B. Anthony. The coin was small, about the size of a quarter, and made from a copper-nickel clad composition. Although it wasn’t very popular in circulation, it’s now a favorite among collectors.
Why Some Susan B. Anthony Dollars Are Extremely Valuable
Most Susan B. Anthony dollars are only worth face value, but a few rare varieties stand out. What makes them valuable comes down to errors during minting, low mintage numbers, and unique characteristics that set them apart from regular coins.
The 1979-P Wide Rim Dollar: A Commonly Confused Rarity
One of the most famous collectible versions is the 1979-P Wide Rim dollar. Unlike regular 1979 dollars, this variety has the date very close to the rim. It’s often called the “Near Date” variety. Though valuable, this coin is not the one worth half a million.
Meet the Star: The 1981-S Proof Type 2
The coin that can fetch staggering prices is the 1981-S Proof Type 2 dollar. It’s part of a special proof set made for collectors. What makes it rare is its clearer and more delicate “S” mintmark, compared to the thick and blurry mintmark of the Type 1 proof coins. Only a limited number of these Type 2 coins exist, making them highly sought after.
How to Spot the Rare Mintmark That Could Make You Rich
To identify the valuable 1981-S Type 2, you’ll need to look closely at the “S” mintmark on the coin. On Type 1 proofs, the mintmark appears like a blob or looks filled in. On Type 2 proofs, the mintmark is sharply defined with distinct serifs. A magnifying glass or coin loupe can help you see this detail clearly.
Condition Matters: Why Proof Coins Bring Higher Prices
Another reason these coins can reach such high prices is their condition. Coins graded PR70DCAM (Proof 70 Deep Cameo) by professional services like PCGS or NGC are flawless and look as though they just left the mint. These perfect-grade coins are the ones that collectors are willing to pay six figures for.
The Record-Breaking Sale of a Susan B. Anthony Dollar
A flawless 1981-S Type 2 proof dollar once sold for over $500,000 at a major auction. This sale shocked the coin collecting world and put a spotlight on these rare dollars. Such sales are rare, but they prove how much value a small coin can hold.
Tips for Checking Your Susan B. Anthony Dollars
If you have Susan B. Anthony dollars at home, check their dates and mintmarks carefully. Focus on 1979 and 1981 coins, especially proofs. Consider getting professional grading for coins that look perfect or unusual.
Should You Sell or Hold a Rare Susan B. Anthony Dollar?
If you discover one of these rare coins, you may wonder whether to sell or keep it. The answer depends on your goals. Selling through a reputable auction house can bring a high price, but holding the coin might bring more value as prices rise over time.
FAQs About Rare Susan B. Anthony Dollars
What year Susan B. Anthony dollar is worth the most?
The 1981-S Proof Type 2 is considered the most valuable and can sell for over $500,000 in perfect condition.
How can I tell if I have a rare Susan B. Anthony dollar?
Check the date and mintmark. Rare varieties like the 1979-P Wide Rim and 1981-S Type 2 have distinctive features.
Can I use Susan B. Anthony dollars at face value?
Yes, but spending them would mean losing out if they’re rare. Always check first.
Where can I get my coin appraised?
Look for professional grading services like PCGS or NGC or visit a trusted local coin dealer.