The 1999 Delaware State Quarter, part of the U.S. Mint’s popular 50 State Quarters series, was the first in the collection to be issued. This coin celebrates Delaware’s role in American history, particularly through its depiction of Caesar Rodney, a Revolutionary War hero whose ride to Philadelphia was critical to the signing of the Declaration of Independence. Despite its wide circulation, a rare error on some of these coins, known as the “Spitting Horse” error, has made specific Delaware quarters highly valuable in the collectibles market.
Overview of the Delaware State Quarter
Released in 1999, the Delaware State Quarter showcases Caesar Rodney on horseback. Rodney’s image represents his famous overnight ride to cast a decisive vote for American independence, an event that underscores Delaware’s critical role in the Revolutionary War era. This design not only honors the state’s history but also marked the launch of the 50 State Quarters program, which captivated collectors and helped bring a new generation into the hobby.
While this quarter has historical significance, its value has risen mainly due to an unexpected minting error that appears on some coins.
The “Spitting Horse” Error
The “Spitting Horse” error is a distinctive flaw on the Delaware State Quarter, making it a prized find for collectors. This error results from a die crack that appears as a small line extending from the mouth of the horse, creating the illusion of “spitting.” This unintentional line, caused by a flaw in the die used to strike the coin, gives the quarter a unique appearance and has transformed these quarters from ordinary change into collectibles.
Why the “Spitting Horse” Error is So Sought After
The rarity of the “Spitting Horse” error has driven high demand in the coin-collecting community. Only a small number of Delaware quarters display this defect, and finding one in well-preserved condition is even rarer. Coins with clear and visible die cracks without other damages or significant wear can command higher prices. While this error doesn’t impact the coin’s usability, its uniqueness among state quarters significantly raises its value in the collectibles market.
Valuation of the 1999 Delaware Error Coin
The value of a “Spitting Horse” Delaware quarter is influenced by factors such as condition, clarity of the error, and collector demand. Well-preserved specimens in mint or near-mint condition are especially valuable, with some examples fetching between a few hundred and over a thousand dollars.
Factors Affecting the Delaware Error Coin’s Value
- Condition: Coins in mint or near-mint condition can fetch much higher prices than those that have been circulated.
- Rarity: The limited number of coins with the “Spitting Horse” error increases their value.
- Demand: Interest in error coins is generally high, and quarters with unique or unusual errors are especially prized by collectors.
The table below shows some notable state quarters with recognized minting errors and their approximate market value:
| Coin Name | Year Issued | Error Type | Value Range ($) | Rarity Level |
|---|---|---|---|---|
| Delaware State Quarter | 1999 | Spitting Horse | Up to $1,000+ | High |
| Wisconsin State Quarter | 2004 | High/Low Leaf | Up to $1,500+ | High |
| Minnesota State Quarter | 2005 | Extra Tree | Up to $300 | Moderate |
| Kansas State Quarter | 2005 | In God We Rust | Up to $500 | Moderate |
Where to Find the Delaware State Quarter with the Spitting Horse Error
Finding a “Spitting Horse” error quarter is a challenge, but it is possible. Many collectors recommend examining pocket change or coin rolls, as state quarters continue to circulate. Additionally, coin shops and online marketplaces, such as eBay, often have listings for this specific quarter. For a more reliable source, professional coin dealers who specialize in error coins may have authenticated Delaware quarters featuring the “Spitting Horse” error.
Tips for Spotting Error Coins
- Examine Carefully: Look closely at the area around the horse’s mouth for a die crack or line that gives the “spitting” appearance.
- Use Magnification: Using a magnifying glass or loupe can help reveal fine details of the error.
- Buy from Reputable Sources: For serious collectors, purchasing from established coin dealers helps ensure the coin’s authenticity.
Investing in the Delaware Spitting Horse Quarter
As a rare error coin with historical significance, the Delaware “Spitting Horse” quarter holds long-term potential as a collectible asset. Its distinctiveness and limited availability make it a popular choice for both amateur and experienced collectors, contributing to its enduring appeal. However, potential investors should consider factors like the condition of the coin, the current demand, and authentication to ensure they are making a sound investment.
FAQs:
Why is the Delaware State Quarter with the Spitting Horse error valuable?
A: The “Spitting Horse” error is a rare minting flaw, making these quarters highly collectible. Its value is further enhanced by the historical context of the Delaware quarter, the first in the State Quarters series.
How much is a Spitting Horse Delaware quarter worth?
A: Depending on its condition and clarity of the error, the Spitting Horse quarter can sell for a few hundred to over a thousand dollars.
Where can I find Delaware quarters with the Spitting Horse error?
A: They may be found by searching through pocket change, visiting coin shops, or checking online marketplaces like eBay. Coin dealers specializing in error coins are also a good resource.