The Eisenhower dollar, also known as the Ike dollar, is a one-dollar coin struck by the United States Mint from 1971 to 1978. It was designed to commemorate the 200th anniversary of the United States Declaration of Independence in 1776. The coin bears an obverse (front) design featuring a profile portrait of former U.S. President Dwight D. Eisenhower, while the reverse (back) design depicts a modified representation of the Liberty Bell.
Composition:
The Eisenhower dollar is a large silver dollar coin with a diameter of 1.5 inches (38.1 millimeters). It is composed of 40% silver and 60% copper, resulting in a distinctive silver-copper alloy known as "clad." Each Eisenhower dollar coin contains approximately 0.36 oz. (10.8 grams) of silver.
Value Determination:
The value of an Eisenhower dollar coin primarily depends on its condition, rarity, and collector demand. Factors such as mint state, year of issue, and special mint marks (like "S" for San Francisco or "P" for Philadelphia) can impact the coin's value.
General Considerations:
1. Proof Coins: Proof coins are specially minted coins intended for collectors and are generally more valuable than regular business-strike coins. They feature a highly polished ("proof") finish.
2. Uncirculated Coins: Uncirculated coins are those that have not been in general circulation and are more valuable than circulated coins. They may exhibit faint mint marks or minor blemishes.
3. Circulated Coins: Circulated coins are those that have been in public use and may show signs of wear, scratches, or surface marks. Their value is generally lower than that of uncirculated or proof coins.
Collector Value Range:
- Circulated Eisenhower dollars in common dates and conditions may have a value of around $1 to $3 each.
- Well-preserved uncirculated Eisenhower dollars can range from $5 to $20 each.
- Proof Eisenhower dollars can have a value ranging from $10 to over $100, depending on the year and condition.
- Rare varieties or special mint sets can command significantly higher prices.
Recommendation:
If you have Eisenhower dollar coins, it's advisable to consult with a reputable coin dealer or appraiser who can provide an accurate valuation based on the coins' condition, mint year, and potential collector demand.