Collecting coins is a fascinating hobby that combines history, art, and a touch of treasure hunting. Among the many coins of interest, the 1979 silver dollar holds a special place for collectors and enthusiasts alike. While it’s often overshadowed by other coins, this particular year and type have intriguing nuances that can make them highly valuable. Whether you’re a seasoned collector or someone who just stumbled upon a 1979 silver dollar in your change, understanding its value and hidden treasures will help you make informed decisions.
The first thing to know is that 1979 silver dollars aren’t entirely composed of silver. They are part of the Susan B. Anthony dollar coin series, minted to honor the women’s suffrage leader. Because they are not made of precious metals like earlier silver dollars, many people assume they are of little value. However, there are specific versions, rare errors, and high-grade coins that can fetch much more than their face value. The key lies in knowing what to look for and how to identify these hidden treasures.
In this guide, we’ll uncover the potential value of 1979 silver dollars, help you recognize rare variations, and provide actionable steps to assess and possibly sell your coin. By the end, you’ll have a clear understanding of what makes this coin unique and how to unlock its potential value.
Quick Reference
- Inspect your 1979 silver dollar for rare minting errors like double dies or wide rim variations.
- Use a magnifying glass to check the mint mark (P, D, or S) and overall coin condition for grading purposes.
- Avoid cleaning your coin, as this can significantly reduce its value to collectors.
How to Identify Valuable 1979 Silver Dollars
Not all 1979 silver dollars are created equal. The value of your coin depends on several factors, including its mint mark, condition, and any unique characteristics or errors. Here’s how you can identify whether your coin is worth more than its face value:
1. Check the Mint Mark
The mint mark is a small letter located near the date on the coin. In 1979, Susan B. Anthony dollars were minted at three locations:
- Philadelphia (P): Coins minted in Philadelphia display a “P” mint mark. These are the most common.
- Denver (D): Coins with a “D” mint mark were minted in Denver. These are also relatively common.
- San Francisco (S): Coins with an “S” mint mark were produced as proof coins, which are typically more valuable due to their high-quality strike and limited production.
Proof coins are especially sought after by collectors. If you have a coin with an “S” mint mark, it’s worth inspecting closely for its condition and rarity.
2. Look for the Wide Rim (Near Date) Variety
One of the most valuable variations of the 1979 silver dollar is the “Wide Rim” or “Near Date” variety. This occurs when the rim of the coin is closer to the date, giving it a thicker appearance. The standard 1979 dollar has a noticeable gap between the rim and the date, while the Wide Rim variety does not. This subtle difference can significantly increase the coin’s value, with some examples selling for $40 or more in good condition.
3. Inspect for Minting Errors
Errors during the minting process can turn an ordinary coin into a collector’s dream. Some common errors to look for in 1979 silver dollars include:
- Double Die: This occurs when the coin is struck twice, resulting in a doubling effect on the design elements.
- Off-Center Strike: Part of the design appears off-center due to misalignment during the minting process.
- Clipped Planchet: A portion of the coin’s edge is missing due to a defect in the metal blank.
If you suspect your coin has an error, consider having it professionally graded to confirm its authenticity and value.
4. Evaluate the Coin’s Condition
The condition of a coin is one of the most significant factors affecting its value. Coins are graded on a scale from 1 to 70, with 70 being a perfect, uncirculated coin. Here’s a quick breakdown of common grades:
- Good (G): The coin has heavy wear, and design details are barely visible.
- Fine (F): Moderate wear with some details still visible.
- Extremely Fine (EF): Minimal wear, with most design details intact.
- Mint State (MS): No signs of wear, often referred to as “uncirculated.”
Uncirculated and proof coins in high grades can fetch significantly higher prices. To accurately assess your coin’s condition, you may want to consult a professional coin grading service, such as PCGS or NGC.
How to Determine the Value of Your 1979 Silver Dollar
Once you’ve identified the unique characteristics of your coin, it’s time to determine its value. Here’s a step-by-step guide:
1. Research Market Prices
Start by researching recent sales of 1979 silver dollars with similar characteristics. Websites like eBay, Heritage Auctions, and PCGS Price Guide can provide valuable insights into current market trends. Pay attention to the following factors:
- The coin’s grade
- Whether it’s a standard issue or proof coin
- Presence of errors or special varieties
2. Consult a Professional
If you’re unsure about your coin’s value, consider consulting a professional coin dealer or appraiser. They can provide an expert opinion and may even offer to purchase the coin if it’s valuable. Be sure to work with a reputable dealer to avoid scams.
3. Get Your Coin Graded
Professional grading services like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation) can authenticate and grade your coin. A high-grade coin with unique features can significantly increase its market value.
4. Avoid Cleaning Your Coin
Cleaning a coin can cause irreversible damage and reduce its value. Collectors prefer coins in their original, unaltered state, even if they appear tarnished or dirty. If you’re tempted to clean your coin, resist the urge and leave it as is.
5. Decide Whether to Sell or Hold
Once you know the value of your 1979 silver dollar, you can decide whether to sell or keep it. If the coin has significant sentimental value or you believe its market value will increase over time, holding onto it might be the better option. Otherwise, selling it through an auction or a reputable dealer can help you realize its monetary potential.
Practical FAQ
How can I tell if my 1979 silver dollar is a Wide Rim variety?
Use a magnifying glass to examine the spacing between the rim and the date. On the Wide Rim variety, the rim appears thicker and much closer to the date. Comparing it to images online or consulting a coin expert can also help confirm its variety.
What’s the difference between a proof coin and a regular coin?
Proof coins are specially minted for collectors and have a mirror-like finish with sharp details. They are struck multiple times to ensure a high-quality impression. Regular coins, on the other hand, are mass-produced for circulation and lack the same level of detail and finish.
Where can I sell my 1979 silver dollar?
You can sell your 1979 silver dollar through online platforms like eBay, coin auction sites, or local coin dealers. Before selling, research the coin’s value and choose a platform that aligns with your selling goals.
Are all 1979 silver dollars made of silver?
No, 1979 silver dollars are not made of silver. They are composed of a copper-nickel clad. The term “silver dollar” is often used generically but does not indicate the coin’s metal content for this series.