The Eisenhower Dollar, minted from 1971 to 1978, holds a special place in American numismatics. While most of these coins are common, certain rare varieties have captured the attention of collectors, with some fetching prices as high as $350,000.
Overview of the Eisenhower Dollar
The Eisenhower Dollar was introduced to honor President Dwight D. Eisenhower and commemorate the Apollo 11 moon landing. It was the first dollar coin produced by the U.S. Mint since the Peace Dollar series ended in 1935.
| Feature | Details |
|---|---|
| Obverse Design | Portrait of President Dwight D. Eisenhower |
| Reverse Design | Apollo 11 insignia featuring an eagle landing on the moon |
| Composition | Copper-nickel clad for circulation; 40% silver for collectors |
| Weight | 22.68 grams (copper-nickel); 24.59 grams (silver) |
| Diameter | 38.1 mm |
| Edge | Reeded |
| Years of Minting | 1971–1978 |
| Designer | Frank Gasparro |
The 1976 “No S” Eisenhower Dollar: A Unique Rarity
Among the Eisenhower Dollars, the 1976 “No S” Proof Dollar stands out due to its extreme rarity. This coin lacks the “S” mintmark, indicating it was not minted at the San Francisco Mint, which was responsible for producing proof coins during that period.
Key Facts:
- Discovery: The sole known specimen was discovered in 1977 at a department store in the Washington, D.C. area.
- Composition: 40% silver proof coin.
- Current Value: Estimated to be well into seven figures, with some experts valuing it at over $1 million.
Factors Contributing to Its Value
Several elements make the 1976 “No S” Eisenhower Dollar exceptionally valuable:
- Uniqueness: Only one specimen is known to exist, making it a one-of-a-kind rarity.
- Historical Significance: As a mint error from the Bicentennial year, it holds significant historical value.
- Collector Demand: Its unique status and history make it highly sought after by collectors.
Other Notable Eisenhower Dollar Varieties
While the 1976 “No S” Dollar is the most renowned, other rare Eisenhower Dollars have also garnered attention:
- 1971-S Prototype: A prototype coin that sold for $264,000 in a 2022 Heritage Auction.
- 1977-D Silver Planchet Error: Approximately 20 known examples struck on 40% silver planchets intended for Bicentennial coins, with values reaching up to $21,600.
Identifying Rare Eisenhower Dollars
To determine if you possess a valuable Eisenhower Dollar, consider the following:
- Mintmark: Check for the presence or absence of mintmarks (“S” for San Francisco, “D” for Denver, no mark for Philadelphia).
- Date and Type: Certain years and types, such as the 1976 “No S” Proof, are particularly valuable.
- Composition: Silver versions are generally more valuable than copper-nickel clad coins.
- Condition: Coins in mint or near-mint condition command higher prices.
Conclusion
The Eisenhower Dollar series offers intriguing opportunities for collectors, with certain rare varieties achieving substantial market values. The 1976 “No S” Proof Dollar, in particular, stands as a testament to the allure of numismatic rarities, with valuations reaching into the seven-figure range.
FAQs
What makes the 1976 “No S” Eisenhower Dollar so valuable?
Its unique status as the only known specimen without the “S” mintmark from the San Francisco Mint, combined with its historical significance, contributes to its high value.
How can I identify a rare Eisenhower Dollar?
Look for unusual features such as missing mintmarks, errors in composition, or unique prototypes. Consulting a numismatic expert is advisable.
Are all Eisenhower Dollars valuable?
No, most Eisenhower Dollars are common and hold minimal value above face. Only specific rare varieties and errors are highly valuable.
Where can I sell a rare Eisenhower Dollar?
Reputable auction houses, coin dealers, or online platforms specializing in numismatics are good options. Ensure the coin is authenticated and graded before selling.
Should I clean my Eisenhower Dollar before selling?
No, cleaning can reduce a coin’s value. It’s best to leave it in its original condition and consult a professional for evaluation.
