Have you always heard of Ike Dollars ? This is another name for the Eisenhower dollar used in honor of the late president ’ sulfur dub .
today, the 1971 silver dollar is among the most collectible coins because it ’ s the last circle large-size dollar .
Take a few minutes to learn more about this collectible flatware coin, its history, and its worth.
When Dwight D. Eisenhower died in 1969, President Richard Nixon signed the legislation to strike a new coin in his award. This was the first official coin struck since 1935 ( the end of the Peace dollar series ) and the first coin to have a copper-nickel clad metallic base .
Eisenhower dollars made for circulation were struck in copper-nickel clothed from 1971 through 1978. however, the United States Mint in San Francisco offered it in 40 % eloquent vitamin a well .
These were issued in two varieties known as the 1971-S uncirculated and 1971-S proofread varieties. Both of these are peculiarly concern for collectors because they ’ re rare .
The United States Mint changed it a bit during the eight-year output melt. This is why you can nowadays find several unlike design elements .
There are three different die varieties, one of which is quite rare. There was a unique reverse design put out to celebrate the state ’ s Bicentennial .
These feature a interpretation of the Liberty Bell placed on the climate. Dennis R. Williams ’ design was chosen to celebrate the moon landings and the two-hundredth anniversary of the Declaration of Independence .
The express began producing these coins of 1776-1976 in 1975, which is why no Eisenhower dollars are date 1975 .
When it comes to the 1971 silver dollar, it ’ randomness significant to note that the United States Mint produced 47,799,000 of them. however, this doesn ’ t always match the circulation issue of coins .
In other words, these numbers don ’ metric ton include the coins that have been destroyed, melted, or never released .
How Much is a 1971 Silver Dollar Worth
The measure of eloquent coins normally depends on the value of ash grey itself. Keep in judgment that some were uncirculated while others were proof specimens .
Eisenhower dollars are collectibles, although they ’ rhenium not worth a lot more than their weight in silver. The standard 1971 silver dollar in MS 63 choice uncirculated condition can get you $ 14, while you ’ ll get around $ 20 if the mint is in MS 65 muffin uncirculated condition .
however, their price sometimes depends on the cost of silver. Since flatware goes for $ 25 per ounce, a 1971 silver medal dollar price might besides rise and fall .
The price of a 1971 silver dollar doesn ’ deoxythymidine monophosphate typically reference any standard scaling scale. however, it ’ sulfur best to know the organization to help you estimate the monetary value to some extent .
- The MS 63 choice uncirculated is a coin with a rather large blemish or a contact mark. Its luster is also not as prominent.
- MS 65 gem uncirculated has a strong luster. It typically has a few contact marks that aren’t too noticeable.
- The PR 65 proof might have a few blemishes, but it otherwise has no flaws.
One thing to keep in mind is that high-grade 1971 Eisenhower dollars are bad to find. even if you do find some, they ’ re probably to have quite some imperfections and contact marks .
Three unlike mints of The United States produced Ike dollars. For this argue, you ’ ll see that the 1971 dollar has a letter in its diagnose and a cross off on the obverse .
The ones produced in Philadelphia wear ’ thyroxine have a mintmark. Those made in Denver have a D, while those produced in San Francisco have an S .
You can see the marker above the date and below the president ’ s portrait .
The chart below can help you understand the difference between the buy price and sell measure. These are approximate retail prices, and you might not always come across the lapp numbers when trying to buy or sell .
In other words, a detail coin trader might vary the price and value differently. They ’ ll expect at the coin ’ second grade, among early factors they think are all-important to determine the worth .
For this reason, look at the chart as more of a steering .
|Date and Mint||Circulated Buy||Circulated Sell||Uncirculated Buy||Uncirculated Sell|
|1971-S Silver||$7.00||Bullion Value||$14.00||$9.50|
|1971-S Slv. Proof Proof||/||/||$14.00||$10.50|
|1971-S Slv. Pr Cameo Proof||/||/||$15.00||$12.50|
|1971-S Slv. Pr Deep Cameo Proof||/||/||$16.00||$11.00|
This is approximately what you can expect when buying or sell. however, it ’ s authoritative to note that these are collectible items, so you might come across much higher prices. The record price paid was $ 6,900, which happened at a Heritage auction in March 2012.
Blue Pack Ike Dollars
The 1971-S silver dollar is the poorest when it comes to quality and strike. When it was offered for sale, it came with a special insert that said it was produced without any particular care .
This is easy to notice on each 1971-S coin you see careless of whether it ’ s certified or uncertified. While the 1972-1974 Blue Pack Ike is typically MS66 to MS67, most 1971-S Eisenhower dollars are MS63 to MS65 .
- The FS-401 – Peg Leg
Although it ’ s estimated that 100,000 to 150,000 were struck, merely five have been certified by NGC and 367 by PCGS. The FS-401 variety trades for approximately $ 40 if you besides have the master government box. Certified examples in the grade of MS67 can get you about $ 300 .
- The FS-501 S/S RPM
These are some of the most popular RPMs, with the re-punched mintmark clearly visible. It ’ south well seen on coins struck with bracing dye, but you ’ ll detect it ’ mho more ambitious to notice when the dye wears down .
This one trades for about $ 40 in master packaging. You can get around $ 200 for examples in MS66, but only if they ’ re certified by NGC or PCGS .
A single MS67 coin was sold at Heritage for a astonishing $ 8,813 in January 2016. The rate would credibly drop if a few more examples appeared .
Collecting a 32-coin Set
It ’ s improbable you ’ ll have any issues completing the adjust of 32 Eisenhower coins. however, many of these coins were badly struck .
For this reason, many pieces now have bag marks, nicks, and scratches, specially those from 1971 and 1972. Eisenhower dollars are rarely melted because of the miss of cherished metal content .
Collecting a whole set with high-grade coins is not only unmanageable but expensive. This is even more the case for 1971 and 1972 coins from Denver and Philadelphia. These were never sold in mint sets and have merely come through banks .
besides, keep in heed that a 1973-D tied with ten-spot other coins of the accurate date and mintmark was sold for $ 12,925 in June 2013 .
The 32-coin put has all the regular-issue business-strike and proof examples. It has the 40 % flatware Eisenhower dollars dated 1971-S, 1972-S, 1973-S, 1974-S, and 1976-S .
A set made up of uncirculated and proof coins can be collected for less than $ 500. Those up for paying a piece more look for each of the regular-issue coins in muffin grades, including the proof-67 and higher .
deplorably, The United States Mint didn ’ metric ton in truth care a lot when transporting or handling these coins. This means many of them have some sort of wrong or scribble .
With that said, it ’ second easy to understand why it ’ s sol difficult to find a 1971 dollar in gem condition. Some of the rarest gem coins deal for equally much as $ 1,000 .
The lowest monetary value for a 1971 dollar is around $ 4, but this coin can bring you much more. Of course, its value depends on many things like the state and condition, kind, the batch punctuate, and more .
An Eisenhower dollar was slightly of a fail since it didn ’ triiodothyronine circle further than the west slide, where it was used in casinos. hush, it ’ s a singular collectible mint many collectors sought to have.
The product began in 1971, so the 1971 silver dollar is where you want to start if you ’ re looking to complete a rig. It can be challenging to find in pristine condition for several reasons but chiefly because no concern was taken in product .
even today, people exchange rolls of these coins for newspaper money. This is another reason why uncirculated ones are more expensive than the circulate examples .
Identifying whether or not your 1971 ash grey dollar is worth any luminary amount shouldn ’ deoxythymidine monophosphate be besides difficult. however, you may want a professional to look at it to determine its condition and curio .