Today’s article is intended to address three types of mass produced U.S. coins that many individuals believe are quite valuable. This is typically because they don’t commonly see these coins in circulation, but as you’ll see below, just because you don’t regularly see a coin in circulation doesn’t mean that it’s valuable.
Probably the most common misconception is that $1 Presidential coins are valuable. In fact, at least twice a week we receive phone calls from individuals who believe that these coins are gold. Even though they’re stamped with a face value of $1, folks believe that the dates stamped on the coin are representative of the year of mintage. Unfortunately this isn’t the case, but rather indicates the years in which the individual pictured on the coin served as President of the United States.
The mintage of $1 Presidential coins began in 2007 and were minted in large quantities from 2007 – 2011. Since 2012, these coins have been minted in reduced quantities to appeal to coin collectors. While $1 Presidential coins have a gold-like appearance, they are actually composed primarily of copper. They have a manganese brass surface, which gives them their shiny gold appearance. Because the U.S. Mint has recently reduced the mintage of these coins, more recent issued $1 Presidential coins may prove to have slight collector value in the future, but those coins minted from 2007 – 2011, with the exception of proof specimens, are only worth the face value of the coins.
Similarly, it’s a common misconception that state quarters are fairly valuable coins. The U.S. Mint began producing state quarters in 1999 and continued the program through 2008, after which time they produced quarters for the U.S. territories, including Puerto Rico, Guam, and the U.S. Virgin Islands, just to name a few. Millions of quarters for each state and territory were produced, making them fairly common. In fact, if you look through your pocket change, you’ll likely be able to assemble a complete collection of state quarters in a matter of months. Proof and silver versions of state quarters are less common and sell at a premium; however, state quarters minted for general circulation are only worth the face value of the coins.
Lastly, Susan B. Anthony dollars, which were minted from 1979 – 1981 and again in 1999 as a proof, were minted a limited number of years, making these coins less common than some other popular silver dollar offerings, such as the Eisenhower silver dollar. However, with the exception of a couple of variety coins, such as the 1979-S and 1981-S type 1 and 2 coins, Susan B. Anthony dollars are only worth the face value of the coins. These coins could potentially increase in value if a proposed Senate bill is passed, which would take these coins out of circulation, but considering that nearly a billion of these coins have been minted, we don’t anticipate the price increasing more than just a nominal amount over time.
As a coin collector, the above referenced coins can be interesting, as they differ from more common U.S. Minted coins, but with the exception of proof and silver examples, these coins aren’t worth much more than their face value. Keep this in mind as you’re assembling your collection and/or when the time comes to sell your $1 Presidential coins, state quarters or Susan B. Anthony dollars.