The Eisenhower Silver Dollar, minted from 1971 to 1978, holds a special place in numismatic history. Commemorating both President Dwight D. Eisenhower and the Apollo 11 moon landing, this coin is a prized addition for serious collectors.
Historical Significance
Introduced in 1971, the Eisenhower Dollar was the first U.S. dollar coin produced since the Peace Dollar series ended in 1935. Its obverse features a portrait of President Eisenhower, while the reverse showcases an eagle landing on the moon, symbolizing the 1969 Apollo 11 mission. This design reflects a period of American pride and achievement, making the coin historically significant.
Composition and Varieties
The Eisenhower Dollar was minted in two primary compositions:
- Copper-Nickel Clad: Intended for general circulation, these coins were produced at the Philadelphia and Denver Mints.
- 40% Silver Clad: Aimed at collectors, these special issues were minted at the San Francisco Mint and are identifiable by the ‘S’ mint mark.
The silver variants, often referred to as “Blue Ikes” (uncirculated) and “Brown Ikes” (proof), were sold directly to collectors at premiums of $3 and $10, respectively.
Mintage and Rarity
While the total mintage of Eisenhower Dollars exceeded 692 million, the silver issues were produced in significantly lower quantities, enhancing their appeal to collectors.
| Year | Uncirculated Silver Mintage | Proof Silver Mintage |
|---|---|---|
| 1971-S | 6,868,530 | 4,265,234 |
| 1972-S | 2,193,056 | 1,811,631 |
| 1973-S | 1,883,140 | 1,013,646 |
| 1974-S | 1,900,156 | 1,306,579 |
| 1976-S | 4,908,319 | 3,998,621 |
These limited mintages, especially for the 1973-S issues, contribute to their desirability and value.
Collecting Eisenhower Dollars
Assembling a complete set of Eisenhower Dollars is a rewarding endeavor for collectors. A standard 32-coin set includes all regular-issue business strikes and proofs, encompassing both clad and silver issues. Such a set can typically be acquired for less than $500, making it accessible for many enthusiasts.
Notable Varieties and Errors
Certain varieties and errors within the Eisenhower Dollar series are particularly sought after:
- 1972 Type II Reverse: This variety, characterized by a distinct depiction of Earth on the reverse, is scarce and commands higher prices in the market.
- 1976 Bicentennial Issues: Featuring a dual date (1776-1976) and a special reverse design, these coins were minted in both Type I (thick lettering) and Type II (thin lettering) varieties. The Type I Philadelphia issue is notably rare in high grades.
- 1974-D and 1977-D Silver Clad Errors: A limited number of these coins were mistakenly struck on 40% silver planchets intended for San Francisco issues, making them highly valuable.
Market Value and Investment Potential
The value of Eisenhower Silver Dollars varies based on condition, rarity, and demand. While many are affordable, certain high-grade specimens and rare varieties can command significant prices.
| Coin | Approximate Value Range (MS65-MS70) |
|---|---|
| 1971-S Silver Uncirculated | $11 – $6,900 |
| 1972-S Silver Proof | $42 – $156 |
| 1973-S Silver Uncirculated | $16 – $5,170 |
| 1974-S Silver Proof | $10 – $2,820 |
| 1976-S Silver Proof | $20 – $396 |
These values are subject to change based on market conditions and should be verified with up-to-date sources.
The Eisenhower Silver Dollar offers a unique blend of historical significance, variety, and accessibility, making it a must-have for serious coin collectors. Its connection to pivotal moments in American history, combined with the allure of silver content and notable varieties, ensures its enduring appeal in the numismatic community.
FAQs
What makes the Eisenhower Silver Dollar unique among U.S. coins?
The Eisenhower Silver Dollar is distinctive for commemorating both President Dwight D. Eisenhower and the Apollo 11 moon landing, featuring designs that honor these significant events.
How can I identify a 40% silver Eisenhower Dollar?
Silver Eisenhower Dollars bear the ‘S’ mint mark, indicating they were minted in San Francisco. Additionally, their edges lack the copper stripe seen on clad coins.
Are Eisenhower Silver Dollars a good investment?
While many Eisenhower Silver Dollars are affordable, certain rare varieties and high-grade specimens have appreciated in value, making them attractive to collectors and investors alike.
