While not made of silver, the 1979 Susan B. Anthony (SBA) dollar is a significant coin in U.S. numismatic history. Although initially unpopular due to its size and similarity to the quarter, the coin has garnered attention over the years, particularly among collectors. Understanding the value of a 1979 silver dollar—or, more accurately, a Susan B. Anthony dollar—is essential for novice and experienced coin collectors.
A Brief History of the 1979 Susan B. Anthony Dollar
The Susan B. Anthony dollar was introduced in 1979, intended to replace the more significant Eisenhower dollar and save on production costs. Designed by Frank Gasparro, the coin features Susan B. Anthony on the obverse, marking the first time a real woman (as opposed to a symbolic figure) appeared on U.S. circulating coinage. Despite its historical significance, the public widely rejected the coin due to its size, which must be clarified with the quarter. Production ceased in 1981 but resumed briefly in 1999 to meet the demands of vending machines and transit systems.
Key Varieties and Mint Marks
When evaluating the value of a 1979 Susan B. Anthony dollar, it’s crucial to consider the different varieties and mint marks. Coins were minted in Philadelphia (P), Denver (D), and San Francisco (S), and each has unique characteristics that can affect its value.
- 1979-P Wide Rim (Near Date) Variety: One of the most sought-after varieties, the 1979-P Wide Rim or Near Date dollar is distinguished by the coin’s rim being closer to the date. This variety is relatively rare and can be worth about $10 in circulated conditions and up to $30-$50 in uncirculated grades.
- 1979-S Type 1 and Type 2 Proofs: The San Francisco Mint produced two proof coins in 1979. The Type 1 proof features a “blobby” S mintmark, while the Type 2 has a more precise and refined S. The Type 2 proof is precious, fetching up to $40 or more, depending on its condition.
- Error Coins: Several error coins from 1979 are precious. For instance, a 1979-P SBA dollar overstruck on a 1978 Jefferson nickel sold for over $15,000 at auction. Another rare error is a coin struck on a Sacagawea dollar planchet, which is worth thousands of dollars.
Factors Influencing Value
The value of a 1979 Susan B. Anthony dollar depends on several factors:
- Condition (Grade): Like all coins, the condition or grade of the coin significantly impacts its value. Uncirculated coins or those in mint condition are generally worth more than circulated ones.
- Rarity: Varieties like the 1979-P Wide Rim or the 1979-S Type 2 proof are rarer and, therefore, more valuable.
- Market Demand: The popularity of collecting Susan B. Anthony dollars has grown over time, which can influence market prices.
Current Market Value
The market value for a 1979 Susan B. Anthony dollar varies based on the specific variety and condition:
- 1979-P Regular Strike: These are generally worth around $2-$3 in uncirculated condition.
- 1979-P Wide Rim: Valued at approximately $10 in circulated condition and up to $30-$50 if uncirculated.
- 1979-S Type 1 Proof: Worth around $5-$8.
- 1979-S Type 2 Proof: Significantly more valuable, ranging from $40 to $60.
Conclusion
While many 1979 Susan B. Anthony dollars are only worth their face value, certain varieties and error coins can be valuable. Collectors should carefully examine their coins for unique features like the Wide Rim or the Type 2 proof mintmark, which can significantly increase their worth.
