1984-S $1 Olympic Silver Dollar: Rare U.S. Coin from the Los Angeles Olympics Could Be Worth Over $8,000

Do you have a coin collection? Or maybe you inherited one from a relative? If so, there could be a hidden treasure in your collection: the 1984-S $1 Olympic Silver Dollar. This coin, created to celebrate the 1984 Summer Olympics in Los Angeles, has become a favorite among collectors and can be worth a lot—up to $8,000 or more in the right condition. In this article, we will explore the history of this special coin, what makes it valuable, and how you can check if yours is worth a fortune.

The History of the 1984-S $1 Olympic Coin

In 1984, the United States hosted the Summer Olympics in Los Angeles. To mark this historic event, the U.S. Mint issued a series of commemorative coins, including the 1984-S $1 Olympic Silver Dollar. The coin features the iconic Los Angeles Memorial Coliseum on the front (called the obverse) and an American eagle perched on the back (the reverse).

Designed by sculptor Robert Graham, the coin was created not only as a tribute to the Olympics but also as a piece of art. This combination of history and design makes the 1984-S $1 Olympic coin a highly sought-after collectible today.

Mintage and Specifications

Understanding the details of the coin can help you know what makes it valuable. Here are the key specifications:

The coin was made in two main versions: proof and uncirculated. The proof coins have a shiny, mirror-like finish, while the uncirculated versions have a more matte look. Although the proof versions were made in larger numbers, the uncirculated coins are rarer, which can make them more valuable.

What Affects the Value of the 1984-S $1 Olympic Coin?

Several factors affect the price of this coin, and it’s important to understand what can make a coin worth more money. These factors include:

• Condition (Grade): Coins are graded based on their condition, with a scale from 1 to 70. A coin in perfect condition is graded as PR70DCAM (Proof 70 Deep Cameo). Coins in excellent condition are rarer and can be worth a lot more.
• Rarity: While many of these coins were minted, coins in perfect condition or those with unique features are much harder to find, which increases their value.
• Market Demand: The interest of collectors and economic factors can also affect the price of the coin. If collectors are willing to pay top dollar, the coin’s price can rise.

Notable Sales of the 1984-S $1 Olympic Coin

There have been some impressive sales of the 1984-S $1 Olympic Silver Dollar coin over the years. Here are a couple of notable examples:

• In April 2013, a coin graded MS70 (Mint State 70) sold for $9,400 at a Heritage Auctions event.
• In March 2005, a coin graded PR69DCAM (Proof 69 Deep Cameo) sold for $2,990.

These sales show how valuable the 1984-S $1 Olympic coin can be, especially when it is in perfect condition.

How to Check the Value of Your 1984-S $1 Olympic Coin

If you own a 1984-S $1 Olympic Silver Dollar coin, you might be wondering how to find out how much it’s worth. Here are some steps you can take:

• Get it Graded: Send your coin to a professional grading service like PCGS or NGC. These companies will give your coin an official grade, which is essential for determining its value.
• Check Auction Results: Look at recent auction sales or online coin dealers to see what similar coins have sold for. This can help you get an idea of your coin’s value.
• Talk to Experts: Consult with numismatic experts or trusted coin dealers to learn more about your coin and its potential value.

Conclusion

The 1984-S $1 Olympic Silver Dollar is more than just a coin—it’s a piece of history. If your coin is in excellent condition, it could be worth thousands of dollars. Whether you want to sell it or simply admire it, this coin is a rare and valuable collector’s item. Make sure to get it graded and keep an eye on the coin market to understand its true worth.

NDT Home

FAQ’s