The 1999-P Delaware State Quarter, the inaugural release in the U.S. Mint’s 50 State Quarters Program, holds a special place in numismatic circles. While many of these quarters are common, certain specimens have fetched impressive sums at auctions, with one notable example selling for $4,888.
This article delves into the factors that can elevate the value of this coin, providing collectors with essential insights.
Understanding the 1999-P Delaware State Quarter
Released on January 1, 1999, the Delaware State Quarter honors Delaware’s status as “The First State” to ratify the U.S. Constitution. The reverse design features Caesar Rodney on horseback, commemorating his historic ride in 1776. The obverse showcases the familiar profile of George Washington.
Key Specifications:
- Mint Mark: ‘P’ indicating production at the Philadelphia Mint.
- Composition: 91.67% copper, 8.33% nickel.
- Diameter: 24.3 mm.
- Weight: 5.67 grams.
- Mintage: Approximately 373,400,000 coins.
Factors Influencing Value
While the majority of 1999-P Delaware quarters are worth their face value, certain factors can significantly enhance their value:
- Mint State Grade (MS): Coins are graded on a scale from MS60 to MS70, with higher grades indicating superior condition. An MS66 grade, for instance, denotes a coin with minimal imperfections.
- Proof Status: Proof coins are struck with special dies, resulting in a mirror-like finish. The 1999-S Proof Delaware Quarter, especially in perfect grades like PR70, can command higher prices.
- Errors and Varieties: Coins with minting errors, such as the “Spitting Horse” die crack variety, are sought after by collectors and can be more valuable.
Notable Auction Records
The value of a 1999-P Delaware State Quarter can vary widely based on its condition and rarity. Here are some notable auction records:
| Coin Description | Grade | Auction Price | Year |
|---|---|---|---|
| 1999-P Delaware State Quarter | MS66 | $4,888 | 2008 |
| 1999-D Delaware State Quarter | MS64 | $1,380 | 2003 |
| 1999-S Proof Delaware Quarter | PR70 | $1,323 | 2007 |
| 1999-S Silver Proof Delaware Quarter | PR70 | $17,250 | 2007 |
Identifying Valuable Specimens
To determine if your 1999-P Delaware Quarter is valuable, consider the following steps:
- Assess Condition: Examine the coin for wear and imperfections. Uncirculated coins with sharp details are more likely to be valuable.
- Check for Errors: Look for anomalies such as die cracks, doubling, or other irregularities. The “Spitting Horse” variety, characterized by a die crack extending from the horse’s mouth, is particularly notable.
- Professional Grading: Submitting the coin to a reputable grading service can provide an official grade, which is crucial for determining value.
Market Considerations
The coin market is dynamic, with values influenced by factors such as collector demand, economic conditions, and the availability of similar specimens. Staying informed about current market trends is essential for collectors and potential sellers.
While the 1999-P Delaware State Quarter is typical in circulation, exceptional specimens in mint state or with unique characteristics can be worth significantly more. Collectors should carefully assess their coins, considering factors like condition, errors, and professional grading, to determine potential value.
FAQs
What makes the 1999-P Delaware Quarter valuable?
Coins in exceptional mint state grades, proof versions, or those with unique errors can be significantly more valuable than typical circulated examples.
What is the “Spitting Horse” variety?
It’s a die crack error on the 1999 Delaware Quarter, appearing as a line extending from the horse’s mouth, resembling spitting.
How can I have my coin professionally graded?
Submit your coin to reputable grading services like PCGS or NGC for an official assessment.
