The 1999 Delaware State Quarter, the inaugural coin of the U.S. Mint’s 50 State Quarters Program, holds a special place in numismatic history.
While millions were minted for general circulation, certain rare errors and high-grade specimens have transformed some of these quarters into highly sought-after collectibles, with values reaching up to $25,000.
The 50 State Quarters Program and the Delaware Quarter
Launched on January 4, 1999, the 50 State Quarters Program aimed to honor each U.S. state with a unique quarter design. Delaware, celebrated as “The First State,” featured Caesar Rodney’s historic horseback ride on its reverse.
This design not only commemorates Delaware’s rich history but also marks the beginning of a decade-long series that captivated both collectors and the general public.
Mintage and Basic Value
The U.S. Mint produced the Delaware quarter in large quantities:
| Mint Location | Mintage Quantity | Mint Mark |
|---|---|---|
| Philadelphia | 373,400,000 | P |
| Denver | 401,424,000 | D |
| San Francisco | 3,713,359 | S (Proof) |
| San Francisco | 804,565 | S (Silver Proof) |
In circulated condition, these quarters typically hold their face value of 25 cents. However, uncirculated and proof versions, especially those with unique errors, can command significant premiums.
The Coveted “Spitting Horse” Error
One of the most renowned errors associated with the 1999 Delaware quarter is the “Spitting Horse” variety. This error results from a die crack extending from the horse’s mouth toward the coin’s edge, giving the appearance that the horse is spitting.
Initially, upon discovery, these error coins fetched between $250 to $500. Over time, as more specimens surfaced, their value adjusted to a range of $10 to $20, depending on the coin’s condition and the prominence of the error.
Other Notable Errors and Their Values
Beyond the “Spitting Horse,” collectors have identified several other errors that can significantly enhance the value of a Delaware quarter:
| Error Type | Description | Estimated Value Range |
|---|---|---|
| Off-Center Strikes | Misaligned striking resulting in a portion of the design missing | Up to $25,000 |
| Double Die Obverse | Doubling of design elements on the coin’s front side | $500 – $10,000 |
| Clipped Planchet | Coin missing a portion due to a minting error | $150 – $2,000 |
| Broadstruck Errors | Coin struck outside the collar, leading to an expanded diameter | $200 – $2,500 |
| Die Cracks | Visible cracks on the coin’s surface due to damaged dies | $50 – $1,500 |
It’s essential to note that while some sources have reported exceptionally high valuations for certain error coins, such as over $750,000, these figures are often based on unique circumstances and may not reflect typical market values. Collectors should approach such claims with caution and seek professional appraisals for accurate assessments.
Factors Influencing Value
Several factors determine the value of a 1999 Delaware State Quarter:
- Error Rarity and Type: Unique and less common errors generally command higher premiums.
- Coin Condition: Coins in mint or uncirculated condition are more valuable than those showing wear.
- Market Demand: The numismatic market’s interest can fluctuate, influencing coin values.
- Authentication: Certified coins from reputable grading services often fetch higher prices due to verified authenticity and condition.
Collecting and Investing Tips
- Thorough Examination: Always inspect coins carefully for errors, using magnification tools if necessary.
- Stay Informed: Keep abreast of market trends and recent sales to understand current valuations.
- Professional Grading: Consider having valuable coins graded by recognized services to authenticate and potentially enhance their marketability.
- Secure Storage: Store coins in protective holders to maintain their condition and prevent damage.
The 1999 Delaware State Quarter offers more than just a glimpse into American history; it presents opportunities for collectors and investors alike.
While many of these quarters remain at face value, those with rare errors or in pristine condition can be worth substantial amounts. Whether you’re a seasoned numismatist or a curious newcomer, exploring these coins can be both rewarding and enlightening.
FAQs
What is the “Spitting Horse” error on the 1999 Delaware quarter?
It’s a die crack error that creates the illusion of the horse on the coin’s reverse side spitting.
How can I determine if my Delaware quarter has an error?
Carefully inspect the coin under good lighting, using a magnifying glass to spot anomalies like die cracks, off-center strikes, or doubling in design elements.
Are all 1999 Delaware quarters with errors valuable?
While many error coins hold added value, the specific type of error, its rarity, and the coin’s condition significantly influence its market worth.
Should I have my 1999 Delaware quarter professionally graded?
If you believe your coin possesses a rare error or is in exceptional condition, professional grading can authenticate its value and potentially increase its marketability.