Okay can somebody explain to me why did I find, in my change from the PATH train from New Jersey to New York proof 1999 Susan B Anthony dollar, it is way weird to find. Proof coins normally don't pop up in circulation but I found one that's like a $10 coin but the share amount of damage it's in and as dirty and scratched up as it is it still got a lot of luster
Of course they do. They are called Impaired Proofs. Someone didn't think it was necessary to keep them any longer, so they put them into circulation.
I can see why it happens. Somebody needed a proof for their set and broke up a mint set and set the other coins free. Either that or someone inherited their late granddads collection when he passed and didn't know what to do except spend them..... I seen others pluck impared proofs out of circulation. Sadly, I have never been that fortunate! Cool find!
A few years ago I got this from circulation, or rather a high school student of mine did and gave it to me. I believe he said he got in change from a machine.
After a more closer inspection of this coin, it does have an error on it actually two arrows, there is di grease on it so it was struck through Grease and also there is some sharp bur raising on the reading edge which you can tell it was obviously punched, and it wasn't leveled so it might have been unchecked error
I've found "impaired" proof coins in circulation a few times. I think mostly quarters or small dollars (SBA and Golden). I showed them to a dealer that shows up at all the local coin shows and asked him how much he would pay for "these impaired proofs". He said "what's an impaired proof? why are they impaired?" I don't know!
The 1999 Susan B. Anthony (SBA) dollar was minted to fill a supply gap before the Sacagawea dollar, not for general circulation. While millions were struck, many were initially sold in sets to collectors or held in reserve, making them scarcer in everyday commerce compared to earlier years, although they are not highly valuable. Key details regarding the 1999 SBA dollar: Purpose: Minted to ensure an uninterrupted supply of dollar coins until the new Sacagawea dollar was released in 2000. Production: Struck at the Philadelphia (P) and Denver (D) mints. Circulation Status: While not intended for, nor widely used in, general circulation initially, many were later released by the Federal Reserve to meet demand, particularly for vending and transit, notes Numismatic News.
My personal experience is that dollar coins were, at that time, highly used at transit/subway/railway stations. Even post office stamp vending machines. Perhaps that was the "demand". Anyways...I'm thinking that bacon is good.
The interesting thing about the 1999 proof SBA is that it was NOT broken out of a set, and it is a relatively low mintage item, in fact the lowest mintage SBA by a wide margin. The Proof 99 SBA came out so late in the year that the 1999 proof sets had already been sold so it was sold as an individual coin. The mintage was only 750,000. That's more than 2 million less than the next lowest mintage coin. Evenso it was so low in demand that they remained on sale by the Mint for 4 years before they finally managed to get rid of them.
When the decision to mint more SBA dollars in 1999 was made, the 1999 proof sets were already in production, which is why 1999 proof sets don't contain them. Why it was decided to mint them in Philadelphia instead of San Francisco, no idea. They were sold as a separate mint product. They did not sell that well, as evidenced by the fact they were still listed for sale 4 years after minting. I got one because it didn't feel like my SBA dollar collection was complete without it; I did have the proofs from 1979-1981 in their respective proof sets already.
