Does anybody agree with me that the 1999 Susan B Anthony Proof coin is underrated and should be worth more? The blue book gives it a mintage of 75,000 and its only worth $15 at PF-65. What are your opinions as to this coins success in the future? What does PF-68, PF-69, PF-70 go for?
If I remember right, they can be kind of spendy in PF70...but it has been a while since I looked at them. A quick glance at eBay and it looks like the PCGS and NGC proof 70s go for around $100-$150. But, the PF69s are in the $40 range or so. So, people are paying a lot for the 70s but the rest are pretty reasonable. I guess they are a little "undervalued" based on the low mintage.
Ok Susan B kind of scares me. I think they could have done a better job on her picture. If I saw her in a dark alley I would think I was going to be raped. That said I do see what you mean about under valued but this coin just dosen't have the appeal to the collector. It's not a really nice looking coin I just wish they had done a better job on it. Ice
By "underrated" I am assuming you simply mean "undervalued". First, I would not use the Blue Book as a current determinant of value. The Blue Book "values" are an indication of what the average dealer may offer for a coin if it is actually needed in stock. These prices are also outdated at the time of printing, much less distribution of the book. I would say that the 1999 SBA proofs are about where they should be. There are generally four modern dollars that are valued higher by many dealers. Those are the 1981 and 1979 Type 2 SBA proof, the 2001 Sac proof, and the 1973 Silver Ike proof, descending in value respectively. Of those, the 1981 and 1979 SBA Type 2 are understandably the top valued modern proof dollars due to the scarcity of these varieties. The 1973 silver proof has the lowest mintage in the series, and if anything, the 1974 silver proof Ike is undervalued, as it's scarcity closely matches that of the 1973. The 2001 Sac is a "no comment" at this time. But, the current value of the 1999 SBA proofs is rather realistic at this time as it is valued multiple times over that of any other proof in the series, barring the scarce Type 2 varieties. Frankly, I believe the 1999 SBA proof would be valued closer to the 1979 Type 2 had the design been more appealing to the collecting community. Mintage and scarcity are only part of what adds value to a coin. Eye appeal, including the overall design appeal, is a very real aspect in a coin's value.
I am not sure that I understand your question. Are you asking if the coin is undervalued at $15 in PF65? The answer is you would be lucky to get $15 for a PF65. IMO, this coin is not collectible in any grade below PF69. The 1999-P SBA in PF69 DCAM has a PCGS population of 6878/362. This is not rare by anyone's definition and it doesn't even include the NGC population. The 1999-P SBA has a Numismedia Wholesale value of $115 in PF70 DCAM. This seems like a fair price until you consider that a 1952-S MS67 Jefferson Nickel has Numismedia Wholesale of $120 with a population of 31/0. But that is comparing apples to oranges even though personally I believe that there are many more Jefferson collectors than SBA collectors. When you account for all of the potential PF70's not yet submitted to TPG's and the low demand for SBA's in general, I don't think this coin is (or will ever be) undervalued. And before you call me an SBA hater, please know that I do own one SBA, albeit, not a 1999.
The other problem is that the blue book (and I think the Red Book, too) goofed on the mintage. The Mint produced mintage about 750,000 of these, not 75,000.
Ernie pointed out the error in the bluebook that I was going to. I think part of the problem was the SBA was unappreciated and it was overshadowed by the Sac dollar at the time. As mentioned the mintage was only 750,000 (Which actually probably makes the lowest mintage SBA or close to it.) but believe it or not it took the mint four years to sell that many. They were on sale from late 1999 to early 2004.
First, this is one of the examples of modern coins I don't like. You gotta have it to complete the set, but it probably is overpriced based on "real" value. On the other hand, given the crazy coin market, the price is probably about right and will most likely retain its value but not increase much. The relatively low mintage will always attract drive-by investors/flippers, so that will help value-wise. As far as PF65, etc. I doubt if any PF65's exist or if they do they are way more rare than the PF69's!!
Here is the 1999 Press Release on the SBA I have about 5 of the Proof September 27, 1999 Back to my search U.S. MINT CATALOG HIGHLIGHTS 1999 SUSAN B. ANTHONY DOLLAR IN BAGS, UNCIRCULATED SETS AND PROOF CONDITION - 1999 Holiday Collection Features Jewelry, Holiday Ornaments & New Historical Folios - - Limited Quantity of 50 State Quarters Coin & Die Sets Available - Washington, D.C. - The annual U.S. Mint catalog again brings a stunning array of coin, jewelry and collectibles from the 1999 Holiday Collection, this year highlighting the 1999-dated Susan B. Anthony Dollar Coin. "In these pages, we end a momentous century and welcome a new millennium with beautiful, memorable and desirable products," said Mint Director Philip N. Diehl in his welcome letter catalog customers. "On the eve of minting a new dollar coin, economic growth and public demand compelled us to strike SBAs for the first time in almost twenty years . . . and the last time ever. They’re here, in proof sets, uncirculated sets and bags of 25 or 1,000." Packaged in a handsome blue gift box, the 1999 Susan B. Anthony Proof Dollar, at $8.95, is a limited edition product, with estimated production of only 750,000 coins, and an order limit of 4 per household. The 1999 Susan B. Anthony Uncirculated Set, at $5.95, includes two SBA dollars and mint mark pieces (P and D) from the Philadelphia and Denver Mint, with an estimated production of 1.2 million sets. Both P and D mint mark Susan B. Anthony Dollars are also available in bags of 25 for $35.50 and bags of 1,000 for $1,095 while quantities last. There are no household limits for the SBA Uncirculated Set or SBA bags. Items featuring the 50 State Quarters range from the Proof and Uncirculated Sets to the Collector’s Map and new office accessories, highlighted by limited edition 50 State Quarters Coin & Die Sets. Each 50 State Quarters Coin & Die Sets includes a completely defaced die, a 1999 quarter and a certificate of authenticity numbered to match the die. The sets are available in limited quantities in designs of the Mint’s choice, with an order limit of two per household, for $34.95 each. They are expected to sell out quickly. New gift items include an Oval Leather Key Ring ($6.95); a Gold Divot Tool ($9.95); a Sterling Silver Bookmark ($14.95); a U-Shaped Horseshoe Key Ring ($9.95) and a State Quarters Paperweight ($19.95), as well as a Sterling Silver Pendant and Chain ($24.95), and the First Day Commemorative Coin Covers ($19.95) -- all featuring the first five 50 State Quarter quarter designs. All four of the Mint’s popular holiday ornaments are available: 1996 featuring the Kennedy Half Dollar, 1997 featuring the Washington Quarter, 1998 featuring the Roosevelt Dime, and 1999 featuring the Jefferson Nickel – each for only $18.95. "For students of history, art, nature and the American Presidency, we are offering this year’s Dolley Madison, George Washington and Yellowstone National Park commemorative coins," said Diehl. "And with the Washington and Yellowstone coins, the Mint and the National Archives have collaborated to bring a new and innovative product: the Coin and Chronicles Collection." The first in the Mint’s new collection, the George Washington Folio at $24.95, honors our first President, presenting six historic documents that highlight important milestones in Washington’s life and the history of the U.S. Mint, which was created during his administration. The Yellowstone National Park Folio, at $19.95, features twelve 8" X 10" photographs of the park’s stunning attractions and scenery, photographed in 1941 and 1942 by the renowned Ansel Adams, who was commissioned by the government to record our great national parks. With only 5,000 Washington Folios and 25,000 Yellowstone Folios available, rapid sellouts are likely. History lovers also now can own The History’s Channel’s Modern Marvels: The United States Mint and Money Machines, produced by Arts & Entertainment Home Video, for only $19.95. An ideal entertainment or educational gift, the video of the special television production features interview footage with Mint Director Philip Diehl discussing Mint history and operations. Perennial favorites include the Proof Gold, Silver and Platinum American Eagles and jewelry and watches featuring these stunning coins. With as much as 60 percent of maximum Proof Platinum mintages and 80 percent of maximum Proof Gold mintages sold, the last Proof Eagles of the century are also are likely to sellout in the near future. Shipping and handling is $3.95 per order; for guaranteed holiday delivery; customers should order by November 15, 1999. Order will be shipped by the United States Postal Service. Orders for multiple items may be shipped in separate packages. Please allow six weeks for delivery. Expedited delivery is available via Express Mail for $10 for in stock items except for the bags of Susan B. Anthony Dollars and the Washington and Yellowstone folios. Orders will be processed the following business day and sent out via overnight delivery. TO ORDER
