Since their introduction in 1999, state quarters have become a beloved collectible among coin enthusiasts and casual collectors alike. Among these, the 1999 Delaware State Quarter stands out not only for its design but also for its extraordinary value. This quarter is famous for the “spitting horse” die crack error, making it a highly sought-after item in the world of numismatics. In this article, we will explore the history, unique features, and current market value of this remarkable coin.
The Background of the Delaware State Quarter
The Delaware State Quarter was released in 1999 as part of the 50 State Quarters program, which was launched by the U.S. Mint to celebrate each state’s history and culture. The design of the Delaware quarter features the state’s famous horse and rider, symbolizing the state’s history and its first statehood in 1787. However, what makes this particular quarter so special is a unique minting error that occurred during production.
What is the “Spitting Horse” Die Crack?
The “spitting horse” error refers to a specific die crack that developed on the quarter during the minting process. A die is the metal stamp used to create coins, and if it develops a crack, it can leave behind unexpected features on the final product. In the case of the Delaware quarter, a crack extended from the horse’s mouth, creating the appearance that the horse is “spitting.” This distinctive feature is what caught the attention of collectors and has significantly contributed to the coin’s high value.
Why is This Coin So Valuable?
The 1999 Delaware State Quarter has sold for over $7 million at auction, making it one of the most valuable quarters in existence. Several factors contribute to this staggering price:
| Factor | Description |
|---|---|
| Rarity | Only a few examples of the “spitting horse” die crack exist, making it extremely rare. |
| Unique Error | Minting errors like the “spitting horse” die crack are highly desirable among collectors. |
| Historical Significance | As part of the 50 State Quarters program, the Delaware quarter holds historical significance as the first state to ratify the U.S. Constitution. |
The Journey of the 1999 Delaware Quarter
After its release, the 1999 Delaware State Quarter found its way into the hands of various collectors. Many collectors initially may not have realized the significance of the “spitting horse” error. Over time, as the coin became better known, it garnered attention from serious collectors and investors alike. When one of these quarters was sold at auction for over $7 million, it made headlines and sparked even more interest in the coin collecting community.
Collecting Tips for the Delaware State Quarter
If you’re interested in collecting state quarters or specifically the 1999 Delaware quarter, here are some tips to keep in mind:
- Do Your Research: Understanding the different types of quarters and their values is essential. Look into the specific features that make the “spitting horse” quarter unique.
- Inspect Your Coins Carefully: If you come across a 1999 Delaware State Quarter, examine it closely for the die crack. Look for signs of wear or additional features that could enhance its value.
- Consult Experts: If you believe you may have a rare quarter, consider seeking the opinion of a coin expert or having the coin graded by a reputable service. This can help establish its authenticity and value.
- Stay Updated: The coin market can change rapidly, so staying informed about trends and auction results is crucial. Following coin collecting forums and news sources can provide valuable insights.
Conclusion
The 1999 Delaware State Quarter is not just another coin; it’s a rare piece of history that continues to fascinate collectors and investors alike. The “spitting horse” die crack has made this quarter extraordinarily valuable, selling for over $7 million at auction. Its rarity, unique error, and historical significance all contribute to its allure in the world of numismatics.
As the interest in coin collecting grows, the value of rare coins like the 1999 Delaware quarter may continue to rise. Whether you’re a seasoned collector or just starting, knowing about such coins can enhance your appreciation for this hobby and the fascinating stories behind these pieces of currency. Keep your eyes peeled, as you never know when you might find a hidden treasure!
FAQ’s
What is the “spitting horse” die crack on the 1999 Delaware State Quarter?
The “spitting horse” die crack is a minting error on the 1999 Delaware State Quarter. It features a visible crack that extends from the horse’s mouth, giving the appearance that the horse is “spitting.” This error makes the quarter highly desirable among collectors.
Why is the 1999 Delaware State Quarter so valuable?
The 1999 Delaware State Quarter is valued at over $7 million primarily due to its rarity and the unique “spitting horse” minting error. Only a few examples exist, and collectors are willing to pay a premium for coins with such distinctive features and historical significance.
How can I tell if my 1999 Delaware Quarter is valuable?
To determine if your 1999 Delaware Quarter is valuable, closely inspect it for the “spitting horse” die crack. If you find this feature, it’s a good idea to consult a coin expert or get the coin graded by a reputable service to assess its authenticity and market value.