Collectible coins have long fascinated history buffs, investors, and enthusiasts alike, often yielding surprising values over time. Among these treasured finds is the 1984-S Olympic silver dollar coin, a piece that has recently caught collectors’ attention for reaching auction prices beyond $9,000.
Once available at a modest price, this commemorative coin now stands as a symbol of both Olympic heritage and substantial monetary worth.
Coin Overview And Features
The 1984-S $1 Olympic silver dollar coin was crafted with a distinct composition of 90% silver and 10% copper, making it a valuable item for both collectors and precious metal investors. The coin weighs 26.73 grams and boasts a reeded edge, a classic feature in high-quality minted coins that enhances its aesthetic and tactile appeal.
Initially minted with limited production runs, only 116,675 of these coins were ever produced, a small quantity by minting standards, which has amplified its scarcity and allure among collectors worldwide.
Design and Significance
Designed by the renowned sculptor Robert Graham, the 1984-S Olympic silver dollar encapsulates the spirit of the XXIII Olympiad held in Los Angeles. The coin’s obverse side presents a stunning relief of the Los Angeles Memorial Coliseum, an iconic American structure and a proud host of the Olympics.
This design honors not only the sporting event but also the spirit of unity and international cooperation that the Olympics symbolize.
Original Pricing and Value Appreciation
When initially released, the coin’s price was a mere $89, a modest price for a commemorative coin that would later become an exceptionally valuable asset. In 2013, an auctioned specimen of this coin in pristine condition sold for $9,400, marking a significant appreciation in its value.
Over time, with growing interest from collectors and limited availability of such high-quality pieces, the 1984-S Olympic silver dollar has maintained and even increased in value, reflecting the lasting appeal of unique, historical coins.
Condition and Grading Importance
Coin grading is essential in determining value, and the 1984-S Olympic silver dollar is no exception. Coins graded as MS70 (Mint State 70) or higher by professional grading services like PCGS or NGC are considered to be in flawless condition, which drives their auction prices to impressive heights.
Only a limited number of these coins in such impeccable condition remain, making the few graded MS70 or above exceptionally valuable in the market today.
| Feature | Metal Composition | Weight | Edge Style | Designer | Auction Price |
|---|---|---|---|---|---|
| 1984-S $1 Olympic | 90% Silver, 10% Cu | 26.73 g | Reeded | R. Graham | $9,400 |
| Year of Issue | Price at Release | Condition | Grade | Minted Location | Collectible |
| 1984 | $89 | MS70 | PCGS | San Francisco | Yes |
FAQs
1. Why is the 1984 Olympic Coin So Valuable?
The combination of its historical significance, limited mintage, and high-quality design has greatly boosted its collectible value.
2. What Condition Increases a Coin’s Value?
Coins graded MS70 or higher by PCGS or NGC are particularly sought after due to their near-perfect condition.
3. Where Can I Sell This Coin?
Collectors often turn to online auction sites like eBay or specialized coin auctions to sell valuable coins such as this one.
4. How Can I Verify Its Authenticity?
Using professional grading services is the most reliable method to confirm a coin’s authenticity and quality.
5. What’s the Coin’s Most Distinctive Feature?
The eagle perched on an olive branch design on the reverse side is symbolic, representing the strength and peace associated with the U.S.