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- Eisenhower Dollar Value 1977
- Eisenhower Dollar Value Bicentennial
- 1776 1976 Eisenhower Dollar Value
- Eisenhower Dollar Value By Year
- Eisenhower Dollar Value 1974
- Eisenhower Dollar Values
Eisenhower Dollar Value 1977
In previous articles, we've explained how to value earlier series of U.S silver dollars, like Morgan and Peace Dollars (minted 1878-1935) as well as Trade Dollars(1873-1885). In today's article, we're going to discuss a more modern dollar coin — the Eisenhower Dollar, minted from 1971-1978.
Eisenhower Dollar Value Bicentennial
1972 Eisenhower Dollar CoinTrackers.com has estimated the 1972 Eisenhower Dollar value at an average of $2, one in certified mint state (MS+) could be worth $140. The Eisenhower Dollar was minted from 1971-1978. The 40% Silver Eisenhower Dollars cointain.31 ounces of pure silver it's current melt value. is $8.46.
History of the Eisenhower Dollar
Originally struck from 1971 to 1978, Eisenhower Dollars (or 'Ikes') were the first large-size dollar coins to be produced by the U.S. Mint since the end of the Peace Dollar series in 1935.
As you might guess from the name, Eisenhower Dollars were created to commemorate President Dwight Eisenhower, whose portrait is featured on the obverse (front) side of the coin.
Eisenhower was selected in part because of his political party affiliation. Republicans in Congress agreed that the Mint needed a coin commemorating a Republican president, as the Democrats had recently secured a spot for President Kennedy on the half dollar (replacing Benjamin Franklin).
The coin's reverse features the Apollo 11 insignia, an eagle landing on the moon while grasping an olive branch, in commemoration of the first Apollo mission moon landing in 1969. The coin's designer, Frank Gasparro, was ordered to change his original design of the eagle because it was 'too fierce and too warlike', and reluctantly updated it to make the eagle look friendlier.
Unlike Peace Dollars and Morgan Dollars, Eisenhower dollars were minted in a copper-nickel alloy rather than a 90% silver 10% copper alloy.
By the 1970's, silver prices had risen to the point where striking general circulation coins from silver was no longer cost-effective. Prior to 1965, all dimes, quarters, half dollars and dollars coins were produced in a 90% silver 10% copper alloy. This proved a point of contention for Congress—several congressmen argued that producing the new dollar coin in copper-nickel instead of silver would be a dishonor to Eisenhower's memory.
1776 1976 Eisenhower Dollar Value
But eventually a compromise was reached. All Eisenhower Dollars produced for general circulation would be struck in copper-nickel, while the Mint would also sell dollar coins with a special 40% silver alloy to collectors for a small premium.
As a result, most Ikes aren't true 'silver dollars.' But the upside of that is that Eisenhower dollars are much more affordable than their 90% silver predecessors.
There are two different reverse designs within the Eisenhower series. From 1971 to 1974 and from 1977 to 1978, the Apollo 11 design was used for the coin's reverse. But in 1976, all quarters, half dollars, and dollar coins were switched to a special design commemorating the nation's bicentennial. The 1776-1976 Eisenhower Dollar featured the Liberty Bell superimposed upon the moon.
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Values
(Values derived from the Red Book, the definitive price guide for U.S. coins).
Circulated Condition means a coin with signs of wear or marks, from being circulated/used by the general public.
Uncirculated Condition means a coin with bright original mint luster and no signs of wear. See the picture below for a visual comparison of the two.
As you can see, most Eisenhower dollars are readily available and are worth little more than face value. However, there are a few more valuable coins that are well worth keeping an eye out for.
Rare Eisenhower Dollars
While all Ikes intended for general circulation were struck in copper-nickel, the U.S. Mint also struck a number of S-mintmark coins (produced at the San Francisco mint) for collectors in 40% silver (each containing 1/3rd ounce pure silver). Not all S-mint Ikes are silver though, as the 1977-S and 1978-S Eisenhower dollars were both produced in copper-nickel.
The silver coins can be identified by their lighter color (see copper-nickel vs silver). A simple way to determine whether your Ike is silver or copper-nickel is the tissue test, as demonstrated below.
Simply place a facial tissue on top of your dollar coin and see whether the color that shines through is darker or lighter. The coin on the left is silver-clad, whereas the darker one on the right is copper-nickel.There is also one copper-nickel coin variety that commands a premium. The rare 1972 'Type 2' design variety with no mintmark is worth upwards of $30 in all conditions. Type 2 dollars are identified by the details of Earth, above the eagle on the reverse side of the coin. Next to the outline of Florida there are no distinguishable islands on Type 2 Ikes. On the less valuable Type 1 and Type 2 1972 dollars, there are distinct islands in the Caribbean. No other years in the Eisenhower Dollar series besides the 1972 feature the rare Type 2 design.
Here's a picture to illustrate the difference - note the small islands visible within the red circles on the Type 1 and Type 3 coins, while the Type 2 coin shows no distinct islands.
Eisenhower Dollar Value By Year
The Type 2 design is rough and undefined, with a barely distinguishable outline of the east coast, while small dots/islands can be spotted off the coast of Florida on the Type 1 and Type 3 designs. This can be tough to spot, so make sure you're using a magnifying glass or a jeweler's loupe to be sure.
Outside of the 1972 Type 2 and the silver Ikes, there are no real rarities within the series. Proof coins, specially produced by the U.S. Mint with mirrored surfaces and sold to collectors, are generally only worth a small premium.
But the lack of keydates means that a nice set of Eisenhower Dollars is easily attainable no matter what your budget.
Last updated 8/7/2018
The United States Mint produced a limited number of Eisenhower Dollars in 40% silver composition. During the first four years of the series, these coins were individually packaged and sold to collectors. The uncirculated versions are often referred to as “Blue Ikes,” (Buy on eBay) referring to the color of the outer envelope.
The uncirculated Eisenhower Silver Dollars were struck at the San Francisco Mint and carried the “S” mint mark. When the series was first introduced, the US Mint stated that they intended to produce 150 million of the 40% silver coins. This proved to be overly optimistic. Fewer than 7 million of the coins were sold in 1971, and the sales totals dropped to lower levels for the years 1972, 1973, and 1974.
Eisenhower Dollar Value 1974
Each coin was included within an individual cellophane pack with a blue plastic token. The pack was placed within a blue outer envelope with the Depart of the Treasury Seal and white script indicating the contents. These Blue Ikes were sold to collectors for $3.00 each.
Eisenhower Dollar Values
The lowest mintage Blue Ike was the 1973, with only 1,883,140 produced. This coin carries a premium typically carries a premium above the other issues of the range.