5 Questions and Answers about Collecting Mercury Dimes
Posted onThere’s a reason that collectors—even beginning numismatists—go after the satisfying goal of sourcing and owning an iconic Mercury Dime set—it’s fairly easy to complete. The cost can range from about $2,500 up to nearly $850,000, depending on your budget, your goals and the grades you choose.
Q. Why should you consider building a set of Mercury dimes?
A. It’s exciting and can be profitable too. Many collections of rare coin sets have sold as a whole for more than the total value of the individual coins.
Q. How do you build a set?
A. Coin investors typically follow one of two sets: “type” and “series.” A type set is comprised of all of those coins sharing a single specific characteristic such as a design, designer or denomination. A series include one coin from each date and mint of a particular type.
Other coin collecting strategies include collecting by mint mark, by individual year, or first and last year of the issue of a coin.
Q. What is the Mercury Dime?
A. The Winged Liberty Head Dime, popularly known as the “Mercury” Dime was struck from 1916 until 1945. Renowned sculptor Adolph A. Weinman designed this highly sought after coin. Even during its years of production, collectors clamored to own these coins for their collections.
As a coin group, Mercury dimes aren’t rare. A whopping 2.5 billion were struck from 1916 through 1945. Mercury dimes were last struck in 1945, when a new dime was created to feature Franklin D. Roosevelt, following his passing.
During the depths of the Great Depression, no dimes were struck from 1932-1933. Today, rare coin collectors classify Mercury Dimes into “early dates” (1916-1931) and “late dates” (1934-1945) categories. Nearly all late dates are common and can be easily acquired.
The Mercury dime is struck with 90 percent silver and 10 percent copper and the coin contains just over .072 troy ounces of silver.
Q. Why do we call it the Mercury dime?
A. Early on, the public was a bit confused about the obverse design. Lady Liberty is wearing a winged helmet which led to comparisons between her and the Roman god, Mercury. Because of this, the moniker “Mercury Dime” stuck.
This cap was intended to represent the “Liberty of Thought.” Weinman’s monogram, “AW”, sits on the right of the Liberty’s neck. The reverse features an intriguing design: a fasces depicting unity and strength, and an olive branch symbolizing peace.
The metal content is 90% silver and 10% copper. The mints include Philadelphia, Denver and San Francisco.
Q. What are some of the interesting and hard to find Mercury dimes?
A. Within the Mercury Dime series, there are only a few absolute rarities and there is only one that is hard to find.
The 1916-D is the scarcest major key date and rarity within the Mercury Dime series. Only 264,000 were struck. You may be wondering why the 1916-D Mercury Dimes had such a low mintage of only 264,000. Good question! Production of this coin was halted after the U.S. Treasury department entered an urgent order late in the year for 4 million quarter dollars.
Advanced collectors strive to acquire a 1916-D Mercury dimes for their collections in part to its low mintage and also because of their unique status as first ‘year-of-issue’ type coins. Some type collectors only acquire first-year coins.
Other Mercury dime key dates include 1921 and 1921-D and 1942-1 and 1942 -1D. The latter key dates show “overdates” with the number “2” struck over the number “1.”
Another interesting “error” coins involved a 1943 Mercury dime. The 1943 Lincoln penny struck over a struck 1943 Mercury dime is a remarkable and rare double denomination error coin and is one collectors avidly seek. How did this happen? This error coin was created when a dime was mistakenly fed into a printing press coining cents. This highly sought after error coin combines the three-pronged popularity of the Lincoln cent, the Mercury dime and its 1943 date, caused by the desirability of the famous 1943 copper cents.
If you are interested in building a Mercury dime set or are looking for that one hard to find coin to complete your set—call Blanchard today—we’re here to help.
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D. Brent Pogue Collection: One of the Most Valuable in Numismatic History
Posted onIn 1974 in Dallas, a successful real estate developer named Mack Pogue brought home a gift for his 10-year-old son Brent—a bag of Lincoln wheat pennies.
Mack had bought the bag of coins from his brother Jack for $100 and wanted to encourage an entrepreneurial spirit in his son. So, he gave his son Brent an “option” to buy the bag of pennies from him for $110 within one week.
Brent dutifully took the bag along with a copy of the coin Guide Book and began examining the pennies one by one. He soon came upon a shiny 1915 cent that looked bright as new. Brent discovered in the Guide Book that it was worth $65!
“I was immediately hooked,” Brent said later.
That also opened the door to his interest in exploring American and numismatic history. “My first thought, since there was no mintmark, was ‘How did this penny make it from Philadelphia to Dallas? Then I asked myself ‘who was the president of the United States in 1915? What else was happening that year?’” Brent said.
He quickly told his father that he would “exercise his option” and purchased the bag of pennies. From there, the rest is numismatic history as a true genius followed his passion.
Over the next 35 years Brent Pogue amassed an extraordinary collection of over 650 early American federal coins from 1792 to the late 1830’s era in the best available condition. Simply put, numismatists believed his collection was the finest-ever. Brent himself described it as “a collection representing our country’s economic birth.”
Brent became a student of numismatic history, conducting in-depth research about each U.S. coin series in an effort to absorb as much knowledge as possible. Brent moved far beyond the Guide Book in his research efforts and built an extensive reference library of numismatic books and catalogues to support his ongoing education.
Outside of coins, Brent followed in his father’s footsteps and made a career in real estate. He used many of his finely tuned negotiation and entrepreneurial skills from the business world in his numismatic pursuits.
“You have to be opportunistic, and you have to have guts,” Brent said. At one auction Brent bid $4.1 million on the legendary 1804 silver dollar—in the finest condition of eight known. At that time, that amount was twice as much as had ever been paid for any coin at auction.
While Pogue passed in 2019, his collection lives on in the numismatic world today. Through a series of sales that began in 2015, his collection of high caliber, rare U.S. coins has fetched over $140 million.
The extensive and impressive Pogue collection included an excellent selection of early American coins from half dimes to quarter eagles to half eagles to three-dollar gold pieces to silver dollars to large cents and even early American paper money. The sheer size and scope along with the high-quality of the Pogue collection is unmatched in numismatic history.
A renowned numismatist said at the time of his death that “Brent was the very definition of an extraordinary numismatist, a connoisseur. A careful student with a fine library at hand, he researched every coin he hoped to add to his collection.”
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U.S. Treasury Bonds or Gold: Which Are Safer
Posted onU.S. Treasury bonds have long been seen as the gold standard for safety. In times of financial crisis, war and recessions, investors around the globe turned to
the perceived safety of U.S. Treasury debt.
After all, Treasuries are backed by the full faith and credit of the United States federal government.
Simply put, our government has promised to pay back lenders with interest.
Yet times are changing.
Analysts at Bank of America recently raised this question—U.S. Treasury bonds or gold: which are safer—in a research note to clients.
It’s a fair question.
The U.S. national debt is soaring. There is zero focus or political will on debt reduction. The many tax cuts that have been recently proposed are only expected to increase our debt in the years ahead. There is no relief in sight for our federal debt.
So, where do we stand now and what does this mean for investors?
The U.S. national debt currently stands at $35.8 trillion and as a percentage of our gross domestic product is nearly 125%.
What’s more, our nation’s policymakers have been willing to gamble with the full faith and credit of our nation’s word that we will pay back our debt. When people or institutions lend money, they want confidence that they will get their money back.
Investors with long memories will remember the dog days of August 2011. That’s when Congress held the debt ceiling hostage in a full blown fight over raising the debt limit—and our elected officials took our nation to the brink of defaulting on our debt.
What happened then? Gold soared to its then all-time high above $1,900. Global investors turned to gold as a safe haven. Standard & Poor’s downgraded the U.S. credit rating. And, the stock market tanked.
The key thing with debt is that you have to pay it back. Otherwise, people, countries, corporations around the globe who buy Treasury debt aren’t very willing to do it in the future. Or, if they are willing to risk their investment, they will demand higher interest rates to lend their money.
Are we at a watershed moment when investors are realizing that gold is safer that U.S. Treasury debt? Could be.
Gold broke through the $2,700 an ounce barrier for the first time ever recently. The number of firms that now project gold gains to $3,000 an ounce are too many to count.
Gold’s role as currency and as an asset to protect, preserve and grow your wealth has lasted for centuries and shows no signs of losing its appeal.
As the national debt keeps rising, that means the Treasury will need to issue more and more bonds. However, there are real questions about whether investors will keep buying them at the pace the Treasury needs to sell them.
So, what did Bank of America analysts say about this question?
“Rising funding needs, debt servicing costs, and concerns over the sustainability of fiscal policy may well mean that gold prices could increase, if rates move up.”
Here’s what Bank of America concluded:
“Indeed, with lingering concerns over U.S. funding needs and their impact on the U.S. Treasury market, the yellow metal may become the ultimate perceived safe haven asset,” the analysts said. “Ultimately, something has to give: If markets become reluctant to absorb all the debt and volatility increases, gold may be the last perceived safe haven asset standing.”
Here’s what we say:
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Fed cuts rates, gold bounces higher after election dip
Posted onFed Cuts Interest Rates for Second Time in 2024 
As expected, the Federal Reserve delivered its second interest rate cut of 2024 on Thursday. The central bankers updated their policy statement saying: “The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance.” The Fed cut its key interest rate by 0.25 percentage points to 4.50-4.75%.
How did markets react? Gold traded $32.50 higher Thursday afternoon at $2,703.30. Silver also traded higher on the day, up .74 at $32.03. The stock market generally rose in lackluster trading, Treasury yields fell, and the U.S. dollar slid lower.
What about the election? Reporters asked Federal Reserve Chair Jerome Powell about the elephant in the room: will Donald Trump’s election victory shape future Fed decisions? At the post-meeting press conference, Fed Chair Powell pushed back on those ideas.
Powell said the election will have “no effect” on the Fed’s policy decisions near term. “Many things affect the economy,” Powell told reporters. “We don’t guess, speculate or assume” what the potential economic impact of what the next administration could be.
What could lie ahead? On Thursday, the central bankers were essentially following through on the interest rate cut they signaled at their September meeting. But economists are warning the future interest rate cuts may not be as speedy or deep as previously expected. Some of President-elect Trump’s policies like rising tariffs could potentially reignite inflation. According to a recent Barron’s Big Money Poll, the resurgence of inflation was the number one risk over the next six months.
Recent economic reports have shown red flags. The October jobs report revealed only 12,000 new jobs last month, well below expectations for 105,000 jobs created. The most recent inflation data shows higher prices are still sticking around – especially when you factor in food and gas. The Fed’s preferred inflation gauge, the personal consumption expenditure (PCE) rate, revealed a 2.7% annual increase in September.
What does this mean for gold? Investors swiftly bought the election dip in gold and precious metals are climbing on Thursday afternoon. Gold and silver are turning out double-digit gains in 2024 as investors turn to the safety and security of precious metals. With new questions on the horizon about the potential resurgence on inflation, gold will continue to have the wind at its back.
Gold broke through the $2,700 an ounce barrier to a new record high for the first time ever recently. The number of firms that now project gold gains to $3,000 an ounce are too many to count.
Gold’s role as currency and an asset to protect, preserve and grow your wealth has lasted for centuries and shows no signs of losing its appeal. If you have been thinking about increasing your allocation to gold, there’s never been a better time. It’s easy to increase your wealth protection, why not do it today?
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Trump Wins! What Does This Mean for Precious Metals?
Posted onAmericans across the nation were sitting on the edge of their seats waiting for results on election night. We didn’t have to wait long. In the wee hours of the
morning Wednesday, the AP called the election for Donald J. Trump after it became clear he won enough of the key battleground states to tip him over the 270 Electoral College votes needed to clinch the victory. Republicans also gained control of the U.S. Senate.
What does this mean for precious metals, the economy and your investments? Let’s take a look.
Initial Market Reaction
- Gold: The precious metal tumbled over $70 Wednesday in an initial knee-jerk market reaction to the swift victory. Gold had priced in some expectations that the election results would be drawn out and contested and could even trigger social unrest. Gold fell Wednesday as the market de-priced those concerns.
- Stocks: The U.S. stock market surged higher driven by expectations of deregulation and tax cuts that could increase corporate profits.
- Treasuries: The yield on the 10-year Treasury note climbed on expectations that Trump’s proposed tax cuts will add more to the deficit.
- Dollar: The U.S. dollar jumped higher on the Trump victory news amid ideas that inflation will move higher under his proposed tariff policies. The market dialed back expectations of future interest rate cuts—if the Fed needs to continue its fight against a renewed inflationary surge—which boosted the dollar.
These reactions however—are just that—initial reactions. In fact, gold already reclaimed half of Wednesday’s loss by Thursday morning. There are many longer-term ramifications from potential Trump policies that could positively impact precious metals—especially gold.
Why Trump’s Policies Will Be Good For Gold
There are three major buckets of Trump policies that long-term will be positive for gold.
- Trump’s proposed tariffs—which could lead to slower economic growth and higher inflation. Positive for gold.
- Trump’s proposed tax cuts—which could lead to a higher deficit. Positive for gold.
- Expectations for a changing world order—which could lead to increased safe-haven demand for precious metals amid geopolitical conflict. Positive for gold.
Why Tariffs Are Inflationary and Positive for Gold
President-elect Trump campaigned extensively on using tariffs in his second term. He used tariffs as president targeting a variety of imported goods from China. This time, Trump has proposed a 60% tariff on all goods imported from China and up to 20% on everything else America imports.
How tariffs work:
- In the U.S., there are 328 ports of entry across the country. At these ports, the Customs and Border Protection agents collects the tariffs.
- The American companies—those that are importing and bringing those goods into the country—are responsible for paying the tariff to the Custom and Border Protection agents.
- Those funds are then sent to the U.S. Treasury.
The American companies doing the importing typically pass these higher costs along to their customers in the form of higher prices—or more inflation.
The economic impact from tariffs—lower economic growth and higher inflation.
- Trump’s main tariff proposals, which are expected to encourage retaliation from the targeted countries are expected to trim economic growth by over a full percentage point by 2025 and increase inflation by more than 2 percentage points higher, according to the non-partisan Peterson Institute for International Economics.
Gold impact: If Trump enacts these tariffs, gold will continue to gain in price as the Fed will be fighting rising inflation and falling economic growth.
Why Tax Cuts Are Positive for Gold
On the campaign trail, President-elect Trump proposed a variety of tax cuts from eliminating taxes on tips to removing the taxes that some seniors pay on Social Security checks to lowering the corporate tax rate. Also, the Tax Cuts and Jobs Act of 2017 expires at the end of 2025 and Trump is expected to keep many of these tax cuts in place.
Gold impact: Eliminating these taxes would mean a loss of revenue for the federal government and an increase in the federal deficit. Concerns over the ongoing rise in the record-breaking federal deficit has been a key reason many investors have been piling into gold in 2024. Experts are warning that if the U.S. continues to increase its debt, the only solution is for currency devaluation. A paper currency devaluation would be extremely positive for a physical tangible asset like gold.
Why A Changing World Order is Positive for Gold
President-elect Trump will return to the White House with two escalating regional wars underway. A new authoritarian axis is arising which includes Russia and North Korea partnering in the war against Ukraine. China is providing support to Russia, North Korea and Iran—while it prepares its military for a potential invasion of Taiwan, which China has publicly told it’s military to be ready for by 2027. Israel’s war against Hamas has expanded with an invasion of Lebanon and direct missile strikes against Iran.
The chess pieces are moving around on the global stage and the role of America is expected to change—with perhaps a withdrawal of support for Ukraine.
As countries make new partnerships amid growing military conflict, the traditional role of American support for European security may be shifting in a second Trump administration.
The chess game has many moves left and there will be unexpected twists and turns in the months and years ahead. But, the changing world order has several deadly military conflicts still smoldering with the potential for new military conflict over Taiwan and economic trade wars in the months ahead.
Gold impact: Precious metals will continue to attract central bank, institutional and individual buyers as gold is a safe-haven currency that is beholden to no country or government. As a time-honored safe-have investment, gold will gain amid an increasingly unstable geopolitical world.
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View from the Street: Money Managers Make the Case for Gold
Posted onWith gold up 31% since the start of the year, you may be curious, what do professional money managers think of gold and its outlook ahead?
Barron’s recently published its exclusive Big Money Poll: What’s Ahead for Stocks, Bonds and the Economy and money managers articulated the case for gold.
With many money managers voicing concern that the stock market is overvalued with the S&P 500 currently trading at 21 times 2025 estimated earnings, above its 5-year average—physical assets like gold stands out in today’s environment.
A Safe Haven
Gold was seen as a better haven than U.S. Treasuries for investors.
Steven Cucchiaro, CEO and chief investment officer of 3EDGE Asset Management told Barron’s: “I don’t think long-term bonds are a good hedge for market volatility,” adding that gold tends to be less correlated with stocks and bonds over the long-term.
Rising National Debt
It’s not just gold’s value as a safe haven, money managers highlighted the escalation of the U.S. national debt—which continues to rocket to new record highs, and currently stands at $35.8 trillion—as a reason to invest in gold.
Digging Deeper: The ratio of U.S. debt to gross domestic product is nearing 125%. What does this mean?
- “The debt-to-GDP ratio is a metric that compares a country’s public debt to its gross domestic product (GDP). It reliably indicates a country’s ability to pay back its debts by comparing what the country owes with what it produces,” according to Investopedia.
- “The higher the debt-to-GDP ratio, the less likely it becomes that the country will pay back its debt and the higher its risk of default.”
- “High debt-to-GDP ratios could be a key indicator of increased default risk for a country. Country defaults can trigger financial repercussions globally.”
“It’s math,” Rob Medway, managing general partner with MFLP told Barron’s. “Over time, if any country—even the U.S., the world’s dominant fiscal power—continues to increase its debt, the only solution is for currency devaluation.”
A paper currency devaluation would be extremely positive for a physical tangible asset like gold.
Inflation
According to the Barron’s survey, the resurgence of inflation was the number one risk facing the stock market over the next six months. Medway sees gold eventually climbing to $5,000 an ounce if inflation fears continue. Short-term, Medway sees runway for gold to hit $3,500 an ounce.
Other top risks for the stock market ahead include geopolitical turmoil, economic slowdown/recession and excessive stock market valuations.
With so many risks on the horizon, it’s no wonder so many investors are turning to the safety and security of gold today.
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Legendary $50 Gold Piece: A Piece of Exciting California Gold Rush History
Posted onDuring the rough and tumble times of the California gold rush, people in the west desperately needed coins to buy everyday goods and services. Sure, large
quantities of gold dust and nuggets were being discovered every day in the early 1850’s. Yet, there was no way to turn these newly discovered riches into coins in the west at that time. After all, the first California branch of the U.S. Mint didn’t open until 1854.
During the California gold rush and the ensuing economic boom, people were forced to use pinches of gold dust to pay for things. However, you surely can see how this method lacked uniformity. And the fat fingers from one merchant’s pinch could easily cost you more than expected!
Despite proposals to use paper currency to ease the coin shortage, Californians firmly rejected that idea. In fact, Article IV section 34 of the 1849 California Constitution outlawed the right for any bank to “make, issue, or put in circulation, any bill, check, ticket, certificate, promissory note, or other paper, or the paper of any bank, to circulate as money.”
Bottom line? Californians wanted hard currency.
Private coiners opened up
This created opportunity for enterprising businessman in the private coinage space. Samuel C. Wass and Agoston P. Molitor, Hungarian immigrants who had studied metallurgy in Germany, saw the opportunity and jumped on it.
Wass and Molitor opened an assay office on Montgomery Street in San Francisco in October, 1851.
It didn’t take long before the hardworking Wass and Molitor developed an extensive smelting operation and assay laboratory that was publicly lauded in the local newspapers for its modernity.
The public quickly embraced Wass and Molitor’s coins, which included $5, $10, $20 and $50 gold pieces. Their coins were considered good quality and miners who brought in nuggets and gold dust received fast service – their ore was turned into coins within 48 hours! Their gold pieces demanded a premium in circulation and were eagerly accepted in trade.
The end of an era
The San Francisco Mint began operations in 1854, which halted private gold coinage. But delays were seen in the western mint’s production. In March 1855 a group of prominent merchants and bankers petitioned Wass, Molitor & Co. to resume its coining operations.
Shortly after, Wass, Molitor & Co. resumed its coinage business and produced $10, $20, and round $50 gold pieces. The firm made the decision to replace the unpopular octagonal Assay Office slugs, which had sharp edges that pierced people’s pockets, with a round $50 gold piece.
The 1855 $50 Wass and Molitor gold piece is the largest coin their firm it had ever made – indeed it is a weighty, round $50 gold coin. This giant of the private coinage era is thought to be the only $50 denomination minted by a private firm that was used in circulation.
The round $50 gold pieces remained popular and widely circulated until the San Francisco Mint began striking federal coins in a consistent fashion. By the end of 1855, the private coin firms were no longer needed and Wass, Molitor & Co. shut down.
Once the U.S. Mint finally opened in California, many of these $50 gold pieces ended up in the melting pots due to their high intrinsic value. We have just one of these historic beauties. See it here.
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Why Over One Third of Germans Buy Gold
Posted onIt is widely known that Chinese and Indian citizens have bought gold for centuries. Accumulating and owning precious metals has been a cornerstone of those societies approach to wealth preservation and wealth building. What is less widely known is the healthy appetite for gold on the European continent. A new
survey from the World Gold Council revealed that German investors place great value in gold’s role as an inflation hedge and a portfolio diversifier.
And they plan to buy more of it.
Thirty seven percent of German investors have invested or held gold at some point, the World Gold Council found. Gold is the third most popular investing option behind savings accounts and stocks.
German investors buy gold for the same reason that central banks, pension funds and family offices buy the precious metal. “The top motives for investing [in gold] are that it protects against inflation, is easy to buy and sell, gives a better long-term return than cash held in a savings account, and helps to spread risk and diversify their portfolio,” the survey found.
Gold offers a safe haven and a safety net to those who own it, which is why here in North America, 29% of financial advisors in North America plan to increase allocations to gold over the next 12 to 18 months, according to a June 2024 report from State Street Global Advisors.
Gold has climbed 24% since January in a record-setting year, and inflation still remains higher than the Federal Reserve’s target rate.
In September, the consumer price index (CPI) rose 0.2% to 2.4% annually—coming in higher than economists had expected. The latest data reveals that the battle against inflation isn’t over yet and the Fed still has a fight ahead to tame and tamp down rising prices.
Inflation is just one of the many reasons investors buy gold. Gold has proven track record as way to store wealth and preserve purchasing power, unlike paper currency, whose value is eroded by inflation. Research shows that gold has kept up with rising prices by delivering positive returns during periods of rising and especially during times of extreme inflation.
In the midst of the current economic, political and geopolitical uncertainty we face today, gold has become the safe haven of choice of today’s modern investors. Gold has a 5,000 year track record of preserving and growing wealth. It’s no surprise that citizens around the world today continue to place their trust in a strategic asset like gold.
Circling back to the World Gold Council survey, it also found that German gold investors tend to be loyal, repeat buyers. What about you? Do you feel confident in your ability to preserve, protect and grow your wealth? Do you plan to be a repeat buyer of gold? If you’ve got questions, call a Blanchard portfolio manager today for a complimentary, confidential portfolio review. We’re here to help.
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6 Rare Susan B Anthony Coins Collectors Are Hunting for
Posted onSusan B. Anthony played a pivotal role in American history, championing women’s rights and paving the way for future generations. To honor her legacy, the U.S. Mint produced the Susan B. Anthony dollar from 1979 to 1981, and again in 1999. While these coins were initially met with mixed reactions due to their similarity in size to quarters, over time, certain Susan B. Anthony dollars have become highly prized among collectors. In this article, we will explore the rarest Susan B. Anthony dollars, focusing on the rare Susan B. Anthony coin 1979 and other elusive examples from that year and beyond. We will highlight:
- What makes a Susan B Anthony coin rare
- Sought-after Susan B Anthony error coins
- Where to find quality rare Susan B Anthony coins online
Watch this interesting video for a visual introduction into the rarest Susan B Anthony dollars:
Rare Susan B Anthony dollar coins worth collecting
Even though Sacagawea typically comes to mind first when it comes to U.S. coins featuring female figures, rare Susan B Anthony coins can often hold more value for savvy collectors.
A trailblazer in American history, Susan B. Anthony was born in Adams, Massachusetts in 1820. As the daughter of Quaker parents, she grew up in a family deeply committed to social reform.
She became a teacher and a passionate advocate for abolition and temperance before dedicating her life to the women’s suffrage movement. She emerged as a key leader in the fight for women’s rights, playing a crucial role in securing the passage of the 19th Amendment, which granted women the right to vote.
Recognizing her monumental contributions, the U.S. Mint chose to honor her by featuring her on a dollar coin. In 1979, the Susan B. Anthony dollar was introduced, marking the first time a real, historical woman appeared on U.S. currency.
Today, numerous Susan B. Anthony dollars are considered rare based on factors such as minting errors, low mintage, and unique die varieties. The following discussion will shine a light on some of the rarest pieces, offering insights into how to tell if a Susan B Anthony coin is rare.
1. Rare 1979 Susan B Anthony dollar coin with wide rim
When the Susan B. Anthony dollar was first released in 1979, it faced criticism due to its size similarity with the quarter, leading to confusion among the public. In response, the U.S. Mint made an effort to distinguish the coin by altering its rim design. This resulted in two distinct varieties: the not-particularly-rare Susan B Anthony coin thin rim dollar and the scarcer wide rim Susan B. Anthony dollar.
The primary difference between these two varieties is the proximity of the date to the edge of the coin. On the wide rim variety, the date appears much closer to the rim compared to the narrow rim version, where the date is positioned farther from the edge. This distinction makes it relatively straightforward to identify rare coins of the wide rim variety.
Given the fact that it was produced in smaller quantities compared to the narrow rim version, the wide rim 1979-P Susan B. Anthony dollar is highly desirable. Collectors especially value it in pristine condition, as circulated examples are quite scarce.
1979-P Susan B. Anthony Dollar with Wide Rim
- Metal: Copper-nickel
- Year: 1979
Photo by PCGS
2. “Super rare 1979 “P” Susan B Anthony one dollar coin” struck on quarter
An excellent response to the question “Why is a 1979 Susan B Anthony coin rare?” comes in the form of this special error coin. The 1979-P Susan B. Anthony dollar struck on a quarter resulted from a mix-up in planchets at the Philadelphia Mint. The error on the coin occurred when a planchet intended for the quarter-dollar, which is slightly smaller and thinner than the planchet used for the Susan B. Anthony dollar, was mistakenly fed into the press for minting the dollar.
This discrepancy in planchet size and thickness led to a coin with a reduced diameter and altered edge. Additionally, the overstrike error caused overlapping designs on this rare Susan B Anthony coin 1979 dollar, resulting in it showing features from the quarter, including the eagle’s feathers on the profile. This unique combination of distinctive features contributes to the coin’s high value among collectors.
1979-P Susan B. Anthony Dollar Struck on a Quarter
- Metal: Copper-Nickel
- Year: 1979
Photo by Heritage Auctions
3. Very rare 1980 Susan B Anthony one dollar coin (circulated) on nickel planchet
Even in 1980, the year following the introduction of the Susan B. Anthony dollar, minting errors persisted, including notable anomalies like this coin struck on a nickel planchet. Resulting from a mix-up at the San Francisco Mint, this 1980-S Susan B Anthony rare coin error makes for a valuable addition to any numismatic collection.
Typically, Susan B. Anthony dollars are struck on a cupronickel planchet composed of 91.67% copper and 8.33% nickel, but this coin was minted using a planchet intended for the five-cent nickel, which has a composition of 75% copper and 25% nickel.
The resulting coin, in addition to its different metal composition, has a noticeably different color compared to standard Susan B. Anthony dollars. This is because the nickel planchet gives it a distinct silver appearance.
1980-S Susan B. Anthony Dollar Struck on a Nickel Planchet
- Metal: Copper-Nickel
- Year: 1980
Photo by Heritage Auctions
4. Rare 1981 Susan B Anthony coin in Gem condition
The 1981-S Susan B. Anthony dollar in Gem condition represents a high-quality example of the series and its third lowest mintage coin. Struck at the San Francisco Mint, this coin is exceptionally difficult to find in condition MS64 and above, making it sought after by collectors for its rarity and pristine quality.
Collectors also value circulated 1981-S dollar coins in exceptional condition for their sharp, clear strikes and minimal imperfections. In Gem condition, these coins exhibit exceptional eye appeal with a high level of shine and crisp design elements. Due to its limited mintage and superior condition, the 1981-S dollar is considered one of the rarest Susan B. Anthony coin dollars, commanding significant interest and premium prices in the numismatic market.
1981-S Susan B. Anthony Dollar
- Metal: Copper-Nickel
- Year: 1981
Photo by PCGS
5. An extraordinary 1981 Susan B Anthony coin/ rare proof dollar
Designed by renowned engraver Frank Gasparro, the 1981-S Proof Type II Susan B. Anthony dollar is an important variety of the coin series. Produced in limited numbers at the San Francisco Mint, this coin’s Type II designation refers to the difference in the appearance of its “S” mintmark compared to Type I. In the Type II version, the “S” appears bulbous, while in Type I it is less clearly defined and takes the form of a rounded rectangle.
Much like part of the answer to the question “What makes a Susan B Anthony 1979 coin rare?” is unique design features, the same stands true for the 1981-S Type II proof. The distinctiveness of the Type II mintmark adds to the coin’s appeal and rarity among collectors.
1981-S Proof Type II Susan B. Anthony Dollar
- Metal: Copper-Nickel
- Year: 1981
Photo by NGC
6. A rare Susan B Anthony coin from 1999
A shining example of an answer to the question “Is the Susan B Anthony coin rare?” is this 1999 error piece. While the Susan B. Anthony dollar was discontinued after 1981 due to its lack of popularity, it had a brief comeback in 1999. That year, its production resumed as a transitional measure to help familiarize the public with the new Sacagawea dollar. However, even during this short period, errors occurred, adding a layer of rarity and intrigue to these coins.
The 1999-P Susan B. Anthony dollar struck on a Sacagawea planchet is a highly sought-after error coin resulting from a mix-up at the Philadelphia Mint. The error occurred when a Sacagawea planchet was mistakenly used in the minting press intended for the Susan B. Anthony dollar. As a result, the coin bears the design of the Susan B. Anthony dollar but has the golden hue and weight characteristic of the Sacagawea dollar planchet. This anomaly creates a visually unique and collectible piece.
1999-P Susan B. Anthony Dollar Struck on a Sacagawea Planchet
- Metal: Brass
- Year: 1999
Photo by Heritage Auctions
To browse through extraordinary pieces such as rare Susan B Anthony dollar coins and more, click here.
FAQ about rare Susan B Anthony coins
Here is a rundown of the answers to the most frequently asked questions about Susan B. Anthony dollars.
What does “Susan B Anthony” mean?
“Susan B. Anthony” refers to an American suffragist and civil rights leader, renowned for her vital role in the women’s suffrage movement. In numismatics, her name is associated with the dollar coin minted from 1979 to 1981 and briefly in 1999, honoring her contributions to women’s rights.
Are Susan B Anthony coins rare?
Specific varieties of Susan B. Anthony dollars and error coins, like those struck on incorrect planchets or with unique design features, are considered rare and are sought after by collectors.
How rare are Susan B Anthony coins?
Certain rare varieties of Susan B Anthony coins can sell and have sold for tens of thousands of dollars at auction.
How rare is a 1979 Susan B Anthony dollar coin?
Specific varieties of the 1979 Susan B. Anthony dollar can be very valuable and are highly coveted by collectors.
What is the rarest Susan B Anthony coin?
One of the rarest Susan B. Anthony coins is the 1979-P dollar struck on a quarter planchet.
How do you tell if you have a rare Susan B Anthony coin?
To identify a rare Susan B. Anthony coin, look for key factors such as minting errors, low mintage years, or distinctive design variations.
Susan B. Anthony’s significant role in American history is reflected in the coins minted to honor her. These coins, particularly the rarer varieties and error pieces, hold substantial value and are treasured by collectors.
For acquiring Anthony coins and other numismatic treasures, choose Blanchard. With decades of experience and a reputation for excellence, Blanchard offers unparalleled expertise and a comprehensive selection. For inquiries and expert guidance on Susan B Anthony rare coins and more, Blanchard’s knowledgeable team is always available to assist you in your collecting journey.
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The Adventurous Story Behind the SS Central America Gold Coins
Posted onThe SS Central America played a pivotal role in U.S. history by sparking the Panic of 1857, widely recognized as the first global financial crisis. Dubbed the “Ship of Gold” for the immense quantity of precious metals it carried, ranging from coins to ingots, the vessel’s tragic sinking had far-reaching effects that shaped the nation’s future. This article will discuss the recovery of the vessel’s lost treasure, focusing on SS Central America coins and highlighting:
- The most interesting SS Central America facts
- The highest-value coins from the SS Central America shipwreck
- Where to buy SS Central America coins and other rare pieces
Learn more about the SS Central America gold recovery operation in this fascinating video:
Facts about S.S. Central America, known as the ship of gold
While most people associate this iconic vessel with the economic crisis sparked by the loss of its significant SS Central America gold value, there’s far more to its story, including important facts from before and after it was wrecked. Here, we outline some of the most compelling ones.
S.S. Central America size
Built by the renowned Webb shipyard, the SS Central America was a large steamship with a 40-foot beam and a length of approximately 280 feet. It had a gross tonnage of around 2,141 tons, reflecting its significant capacity, which allowed it to carry substantial cargo and numerous passengers across the Atlantic.
SS Central America route
The SS Central America regularly sailed between the East Coast of the United States and Central America. The ship’s typical route was integrated into a wider transportation network designed to support and manage the increased travel and trade associated with the gold rush. On the day of its sinking, the SS Central America was on a voyage from Aspinwall (now Colón), Panama to New York City via Havana, Cuba.
SS Central America shipwreck location
The exact SS Central America location remained unknown until it was discovered in 1988, despite extensive searches and speculation about its position. The ship was found on the Atlantic floor near the western edge of the Gulf Stream, approximately 160 miles east of Charleston, off the coast of South Carolina.
SS Central America wreck depth
The SS Central America depth is approximately 2,200 meters (about 7,200 feet) on the Atlantic Ocean floor. This significant depth places it well below typical recreational diving limits, requiring advanced deep-sea exploration technology to reach and investigate the site.
SS Central America wreck photos
The SS Central America recovery mission has been thoroughly documented. Photos from SS Central America taken by the recovery team reveal detailed views of the artifacts and wreck site.
Interestingly, in addition to the precious metals and coins found on the shipwreck, actual photographs were also discovered. These include daguerreotypes and ambrotypes, i.e. early photographic methods using metal and glass plates, respectively. Remarkably preserved due to their protective cases and the ocean floor’s cool, dark conditions, these images feature miners, families, and passengers, offering a poignant glimpse into the lives aboard the ill-fated vessel. These photos were published for the first time in 2022.
Photo by USA Today
SS Central America search
The SS Central America was located by the Columbus-America Discovery Group, led by Tommy Gregory Thompson, on September 12, 1988, using Bayesian search theory. A remotely operated vehicle (ROV) identified the wreck, and another ROV was used to recover significant amounts of gold and artifacts.
In March 2014, Odyssey Marine Exploration was contracted for the archaeological recovery and conservation of the remaining wreck. The “Odyssey Marine SS Central America” project aimed to explore and preserve the portions of the shipwreck that were not excavated during the initial recovery missions.
SS Central America survivors
When it went underwater, SS Central America became the site of one of the deadliest maritime disasters of the 19th century. Of the 578 people aboard the ship, over 400 lives were lost, including the captain and most of the crew.
Approximately 150 survived the sinking, including all the women and children. The survivors were mostly rescued by the steamship Mason after enduring the disaster. They faced challenging conditions in lifeboats and on makeshift rafts before being saved.
SS Central America coin inventory
The wreck of the SS Central America yielded approximately 10,000 coins, including thousands of freshly minted Double Eagles, and a variety of other rarities. Today, these coins are even more coveted than they were in their own time. SS Central America coins for sale are highly sought after by collectors for their allure as pre-1933 coins, prized for their historical significance and exceptional craftsmanship. Here, we highlight five of the most valuable coins discovered in the wreckage.
1. 1857-S $20 SS Central America coin
The 1857-S Double Eagle SS Central America coin is a notable numismatic treasure, particularly prized for its connection to the California Gold Rush. Struck at the San Francisco Mint, this coin features the Liberty Head design.
Approximately 5,400 of these freshly struck Double Eagles were recovered from the wreck, many in exceptional condition. Before this discovery, the finest examples of Type I Double Eagles from the San Francisco Mint were typically graded only in the AU range.
The 1857-S SS Central America coin’s high value today reflects its pristine condition and its unique place in American coinage history.
1857-S Liberty Head Double Eagle
- Metal: Gold
- Year: 1857
Photo by PCGS
2. 1854-O $2.50 S.S. Central America gold coin
The 1854-O Quarter Eagle is another remarkable piece among S.S. Central America shipwreck gold coins. Produced by the New Orleans Mint, this coin had a relatively high mintage of 153,000 pieces, making it a fairly common date.
However, what makes the 1854-O $2.50 coin from the SS Central America particularly special is its exceptional state of preservation. Coins from this era, especially those minted in New Orleans, often show considerable wear, but examples recovered from the wreck are in remarkably high grade, thanks to the protective environment of the ocean floor.
1854-O Liberty Head Quarter Eagle
- Metal: Gold
- Year: 1854
Photo by PCGS
3. 1852 $50 Humbert S.S. Central America gold coin
One of the most extraordinary S.S. Central America gold coins, this 1852 $50 gold piece is an octagonal ingot, also known as a “slug”. The coin’s large size and weight made it ideal for significant transactions during the Gold Rush, but it also led to many being melted down over the years, making surviving examples particularly scarce.
This hefty coin was the final piece minted by Augustus Humbert, the United States assayer of gold in California, which contributes to its status as a highly sought-after relic of the Gold Rush era. The coin’s reeded edge further distinguishes this piece from other Humbert $50 coins, adding to its desirability among collectors.
1852 Augustus Humbert $50 with Reeded Edge
- Metal: Gold
- Year: 1852
Photo by PCGS
4. 1847-O Half Dollar SS Central America treasure
The discoveries on the S.S. Central America wreck were not limited to gold. Collectors can also find numerous SS Central America silver coins for sale that are truly worth the investment.
A prime example is this 1847-O Liberty Seated Half Dollar. Minted in New Orleans, this coin is highly valued for its scarcity, with only a limited number of surviving examples. The exceptional preservation of these coins from the S.S. Central America makes them greatly desirable in numismatic circles, adding significant value and allure to any collection.
1847-O Liberty Seated Half Dollar
- Metal: Silver
- Year: 1847
Photo by PCGS
5. One of the rare 1853 SS Central America dimes
Another silver S.S. Central America treasure is the 1853 Liberty Seated Arrows dime. This coin is notable for the arrowheads flanking the date, a design feature introduced that year to indicate a reduction in the coin’s weight due to rising silver prices. This change helped distinguish the newer, lighter coins from earlier versions, which were being melted down for their higher intrinsic value.
With a production run of over 12 million coins, this dime is widely available in most conditions, though top-grade examples, such as the ones from the S.S. Central America, are much rarer.
1853 Liberty Seated Arrows Dime
- Metal: Silver
- Year: 1853
Photo by PCGS
To browse through rare coins beyond SS Central America inventory, click here.
Other SS Central America artifacts
In addition to the vast array of coins, the SS Central America shipwreck yielded numerous other significant gold artifacts. Among these were over 500 large gold bars, produced by assayers of the Gold Rush. Some SS Central America gold ingots were reported to weigh as much as 1,000 ounces.
The ship also carried hundreds of gold nuggets, weighing between 0.031 to 0.40 grams. These SS Central America gold nuggets were considered extremely valuable, as they represented a raw form of gold extracted from mining operations, capturing a direct link to the period’s mining endeavors.
Additionally, gold dust, which was collected from mining operations and stored in small containers, was found scattered among the wreckage.
The discovery of SS Central America gold dust, totaling approximately 36 kilograms, adds another layer of historical richness to the shipwreck, highlighting the extensive gold production and trade practices of the era.
FAQ about S.S. Central America coins
Here are the answers to people’s most common questions about SS Central America shipwreck coins.
Where did the SS Central America sink?
The SS Central America sank off the coast of South Carolina, approximately 160 miles east of Charleston.
How deep is the SS Central America?
The SS Central America lies approximately 2,200 meters (7,200 feet) deep on the Atlantic Ocean floor.
Who found the SS Central America?
The SS Central America was discovered by the Columbus-America Discovery Group led by Tommy Gregory Thompson in 1988.
How much gold was on the SS Central America?
The SS Central America carried an estimated 21 tons of gold, including coins, ingots, and dust, at the time of its sinking.
How much gold was recovered from the SS Central America?
The SS Central America gold recovery included over 7,000 gold coins, 800 ingots, and approximately 36 kilograms of gold dust.
Is there still gold on the SS Central America?
While significant amounts of gold were recovered from the SS Central America, estimates suggest that additional coins and artifacts might still be present in the wreck.
Gold from the SS Central America represents a remarkable chapter in numismatic history, with its exquisite coins and artifacts continuing to captivate collectors. For those interested in acquiring these rare pieces or exploring other exceptional numismatic opportunities, Blanchard is your premier resource. Renowned for its expertise and extensive inventory of rare coins, Blanchard offers unparalleled guidance and support. Whether you have questions about shipwreck coins, SS Central America or need advice on other numismatic investments, Blanchard’s knowledgeable team is always available to assist you.
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