The 1984-S $1 Olympic Silver Dollar is a noteworthy commemorative coin that has intrigued collectors and investors alike. Created to celebrate the 1984 Summer Olympics in Los Angeles, this coin combines historical significance with numismatic appeal. In certain pristine conditions, its value has reached impressive levels, sometimes surpassing $8,000. This article explores the history, features, and value-driving factors behind this special coin.
Historical Background
The 1984 Summer Olympics was a landmark event for Los Angeles, which led the U.S. Mint to issue the 1984-S $1 Olympic Silver Dollar as a commemorative coin. Sculpted by Robert Graham, the coin’s obverse displays the Los Angeles Memorial Coliseum entrance, symbolizing the iconic venue for the XXIII Olympiad. The reverse side features an American eagle perched gracefully, reinforcing its national pride and collectible allure.
Mintage and Specifications
For any collector, understanding a coin’s composition and mintage is essential. Here’s a breakdown of the 1984-S Olympic Silver Dollar’s specifications:
| Specification | Details |
|---|---|
| Mint Mark | S (San Francisco) |
| Composition | 90% Silver, 10% Copper |
| Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Mintage | 1,801,210 (Proof), 116,675 (Uncirculated) |
The 1984-S Olympic Silver Dollar came in two main finishes: proof and uncirculated. Proof coins, known for their mirror-like finish and sharp detail, were minted in larger quantities than uncirculated versions. The higher demand and rarity of uncirculated coins in flawless condition have made these especially desirable.
Factors Influencing Value
Several key factors determine the 1984-S $1 Olympic Silver Dollar’s market value, which can vary widely based on the following aspects:
Condition (Grade)
The coin’s grade is one of the most critical factors affecting its value. Coins are typically graded on a scale from 1 to 70, with 70 being flawless. For proof versions, a PR70DCAM (Proof 70 Deep Cameo) grade signifies a perfect coin with deep cameo contrast. Mint State versions, graded MS70, similarly represent the pinnacle of coin condition. Such coins in perfect grades are rare and command a significant premium in the market.
Rarity
Though the overall mintage of this coin was relatively high, coins in impeccable condition are rare. The scarcity of high-grade specimens elevates their desirability, especially among dedicated collectors. Given the challenge of preserving these coins without blemishes or marks, top-graded versions are uncommon, which boosts their collectible value.
Market Demand
The numismatic market, influenced by factors like collector interest and broader economic trends, plays a substantial role in determining the coin’s worth. Economic stability and the popularity of commemorative coins can drive higher demand and prices, while market fluctuations can impact coin values.
Notable Sales
Historical auction results offer insight into the value potential of the 1984-S $1 Olympic Silver Dollar:
- In April 2013, a Mint State 70 (MS70) example sold for an impressive $9,400 at Heritage Auctions.
- In March 2005, a Proof 69 Deep Cameo (PR69DCAM) coin fetched $2,990.
These sales reflect how top-grade versions of this coin can attract high prices. Collectors aiming to capitalize on these values should aim to verify their coin’s grade accurately.
Assessing the Value of Your Coin
If you own a 1984-S Olympic Silver Dollar and are curious about its potential worth, here are a few steps to guide your evaluation process:
Professional Grading
Consider having your coin professionally graded by a reputable service such as PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation). A verified grade from one of these authorities not only provides an accurate condition rating but also establishes authenticity, enhancing the coin’s appeal to serious collectors.
Market Research
Keeping an eye on recent auction results and dealer listings can give you a good sense of current market trends. Collecting price data for similar graded coins provides a more accurate estimate of your coin’s potential value.
Consult Experts
Engaging with numismatic experts or dealers is valuable for gaining deeper insights into your coin’s worth. Many experienced dealers can provide perspective on market trends and help you make informed decisions about holding or selling your coin.
The 1984-S $1 Olympic Silver Dollar isn’t just a commemorative piece; for collectors, it’s an asset with historical and potential financial value. Coins graded in top conditions have achieved remarkable prices at auctions, with some exceeding $8,000. A careful evaluation of your coin could reveal whether you possess a numismatic treasure.
What makes the 1984-S Olympic Silver Dollar valuable?
The coin’s value is largely driven by its condition, rarity in top grades, historical significance, and collector demand.
How much silver is in the 1984-S Olympic Silver Dollar?
The coin contains 90% silver and 10% copper, giving it a solid silver content valued by collectors and investors alike.
Where can I get my coin graded?
Reputable grading services like PCGS or NGC offer professional grading, enhancing both value and buyer confidence.
