The Susan B. Anthony dollar holds a unique place in American coinage history. First introduced in 1979, it was the first U.S. coin to feature a real woman, honoring the suffragist who fought tirelessly for women’s rights. While most of these coins are worth only face value, certain rare varieties and minting mistakes have transformed ordinary dollars into treasures worth thousands, and in some cases, up to $880,000. This guide explores the history of the coin, the errors that make it valuable, and how collectors can identify these hidden gems.
The History of the Susan B. Anthony Dollar
The Susan B. Anthony dollar was created to replace the larger Eisenhower dollar, which was considered too bulky for everyday use. The new coin was smaller, more practical, and featured Anthony’s portrait on the obverse. The reverse displayed an eagle landing on the moon, a design adapted from the Apollo 11 mission insignia. Despite its historical significance, the coin was often confused with the quarter due to its similar size, leading to limited circulation and eventual discontinuation in 1981. It was briefly reissued in 1999 before being replaced by the Sacagawea dollar.
Why Some Susan B. Anthony Dollars Are Valuable
Most Susan B. Anthony dollars are common, but certain factors elevate their value dramatically:
- Low mintage numbers creating scarcity
- Minting errors such as double dies or wrong planchets
- Proof issues produced in limited quantities
- Condition, with uncirculated coins commanding higher premiums
- Collector demand for rare varieties tied to historical significance
Mistakes That Can Turn $1 Into $880,000
Error coins are always fascinating to collectors because they represent rare mistakes in the minting process. Some notable Susan B. Anthony dollar errors include:
- Double die obverse, showing doubling in the lettering or portrait
- Off-center strikes, where the design is shifted noticeably
- Wrong planchet errors, where the dollar design was struck on a blank intended for another denomination
- Clipped planchets, where a portion of the coin is missing due to a misfeed in the press
- Proof errors, where coins intended for collectors were struck with unusual variations
The most famous example is a rare error coin that achieved a valuation of $880,000, making it one of the most valuable modern coins ever discovered.
Value Chart
While values fluctuate based on market demand, condition, and rarity, the following chart provides a general overview of Susan B. Anthony dollar prices:
| Coin/Variety | Average Value (Circulated) | Value in Mint State | Notes |
|---|---|---|---|
| 1979-P Wide Rim | $5–$20 | $100–$500 | Popular variety |
| 1979-S Type 2 Proof | $50–$100 | $500+ | Scarce proof |
| 1981-S Type 2 Proof | $100–$200 | $1,000+ | Rare proof issue |
| 1999-P Regular Issue | $1–$3 | $10–$25 | Final year of issue |
| Rare Error Coin | $10,000+ | $880,000+ | Extremely rare |
Collector Trends
The market for Susan B. Anthony dollars has matured since their discontinuation, but interest remains strong. In recent years, several trends have emerged:
- Increased demand for error varieties such as double dies and wrong planchets
- Rising values for proof issues certified by professional grading services
- Collectors focusing on complete sets, including all years and mint marks
- Online auctions and coin shows driving competitive bidding for rare varieties
- Younger collectors entering the hobby, drawn by the accessibility and historical significance of the coin
Collector Grading Guide
Grading plays a vital role in determining the value of Susan B. Anthony dollars. Coins are graded on a scale from Poor (P-1) to Mint State (MS-70). Key grading factors include:
- Strike quality: Sharp details and clear design elements increase value
- Luster: Original mint shine is highly desirable
- Surface preservation: Fewer scratches, marks, or wear result in higher grades
- Eye appeal: Overall attractiveness of the coin influences collector demand
Professional grading services such as PCGS and NGC provide certification, which helps establish authenticity and market value.
Tips for Collectors
- Inspect coins carefully under good lighting and magnification
- Store coins in protective holders to preserve condition
- Consider professional grading for rare varieties
- Stay informed about auction results and collector trends
- Explore inherited collections, as rare Susan B. Anthony dollars are sometimes overlooked
The Joy of Collecting Susan B. Anthony Dollars
Beyond financial value, Susan B. Anthony dollars are admired for their artistry and symbolism. They represent an effort to honor one of America’s greatest reformers and to modernize coinage. For many collectors, the thrill lies not only in profit but in the discovery of hidden treasures that others may overlook.
Key Highlights
- The Susan B. Anthony dollar was first minted in 1979 and briefly reissued in 1999
- Rare errors include double dies, off-center strikes, wrong planchets, and clipped planchets
- Values range from a few dollars for common coins to hundreds of thousands for rare errors
- Grading plays a crucial role in determining value, with MS-70 coins being the most desirable
- Collector trends show rising demand for error varieties and proof issues
Final Words
The Susan B. Anthony dollar remains a fascinating collectible. While most examples are worth only a few dollars, rare varieties and error coins can command significant premiums. The story of a coin valued at $880,000 highlights the extraordinary potential hidden in everyday collections.
For collectors, the pursuit of Susan B. Anthony dollars is not just about wealth but about preserving history and enjoying the thrill of discovery. Whether found in circulation, inherited from family, or purchased at auction, these coins continue to inspire with their unique blend of artistry, rarity, and heritage.
