Is this a wide rim?

klorineforbrains

Did some searcing. These have about a 2%-5% mintage, right?
Also, how much of a premium do they carry?

edit: forgot the pic.

Dabigkahuna

It's a little hard to tell from the pic since there is a tilt to the coin but from thee photo it sure looks like the "wide rim" or "near date"
variety.

Looks prettty good!


Larry
Dabigkahuna

GTOster

Yes it is
Paul

MWallace

Estimated mintage for the Wide Rim variety is 160,750,000 out of a TOTAL mintage of 360,222,000 for the 1979-P.

Mike
SmallDollars.com

wjd283

Yes it is a wide rim variety.I tend to disagree about the estimated mintage figures.I've been through hundreds of 79Ps and only found 7 wide rims.

CoastGuard

My experience is less than 2% are wide rim near date. Not scientific, but I have seen a few. I use the golden dollars and SBA dollar coins for everyday use. They work in most soda vending machines, self service check out lanes at grocery, our downtown parking meters, newer car washes, etc. Problem is the machines are not plainly marked to let you know they accept dollar coins but most do. Just try it!

MWallace

<< <i>I tend to disagree about the estimated mintage figures.I've been through hundreds of 79Ps and only found 7 wide rims. >>





<< <i> My experience is less than 2% are wide rim near date. >>



Those are anecdotal evidence. The mint used 643 dies with the Wide Rim. Each die strikes an average of 250,000 coins. 643 X 250,000 = 160,750,000. That's about 45% of the total mintage. It is believed that since the wide rim dies were used at the end of the run of 1979 dated coins that they were most likely a big portion of the coins that were is the Treasury vaults for up to 2 decades. That made them somewhat scarce in the early years. Since the vaults have been emptied, the price of the wide rim variety has dropped somewhat (at one time they sold for $25+), but it may be years before they drop to the level that they should. Remember the 50-D nickels. They were thought to be scarce and commanded BIG BUCKS even into the 1960's.

Mike
SmallDollars.com