1974 Silver Dollar
- 1974 Silver Dollar Eisenhower
- 1974 Silver Dollar With Eagle On Back Value
- 1974 Silver Dollar Proof
- 1974 Silver Dollar Worth In Package 40% Silver
- 1974 Silver Dollar With Eagle On Back Value
- 1986 Silver Dollar Uncirculated
1976 was the last year that Eisenhower 'Ike' dollars were minted. The 1776-1976 Eisenhower silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
Specifications
Type: Eisenhower Dollar
Year: 1976
Face Value: $1.00
Composition: 60% copper, 40% silver
Silver Weight: .3161 oz.
Total Weight: 24.59 grams
Current Silver Bullion Value: $8.61
The common version is the 1974 Brilliant Uncirculated silver Eisenhower Dollar (as depicted above) which came in the blue pack/envelope with a blue seal ('Blue Ikes'). These were special mint condition coins sold to collectors. 1974-D Rare off-metal errors exist on 40% Silver planchets. 1776-1976 Found in two varieties, with the tail of R in Dollar straight or curved. 1776-1976-D Found in two varieties, with the tail of R in Dollar straight or curved.
Product description Here is a 1974-S Uncirculated Silver Eisenhower Dollar. These Silver Ikes were special Mint issues that were released in sealed plastic in blue US Mint envelopes, and so have become popularly known as 'Blue Pack' Ikes, or 'Blue Ikes'. It will include all of the original US Mint packaging. 1974-D Rare off-metal errors exist on 40% Silver planchets. 1776-1976 Found in two varieties, with the tail of R in Dollar straight or curved. 1776-1976-D Found in two varieties, with the tail of R in Dollar straight or curved. 1776-1976-P-D Have a Type 2 Thin Letter Reverse. History of the Eisenhower Dollar. The United States Mint minted them from 1971 through 1978. There were many special strikings in different finishes and compositions that were marketed especially to coin collectors.
This coin has a special design on the reverse side of the coin to celebrate the Bicentennial of the United States. The reverse side of the coin features the Liberty Bell along with the moon. The obverse side of the coin features the same design as the Ike dollar series from previous years.
The US minted the 1776-1976 S Eisenhower silver dollar as an uncirculated coin and also as a proof coin. Most of the coins minted were proof coins. The mint mark can be found above the date.
Note that not every 1776-1976 Eisenhower dollar is a silver coin. The US also minted the 1776-1976 Eisenhower copper-nickel clad coin with no mint mark, the 1776-1976 D Eisenhower copper-nickel clad coin, and the 1776-1976 S Eisenhower copper-nickel clad coin.
It's relatively easy to tell the difference between the silver clad coins and the copper-nickel clad coins. The silver coins will look shinier, and they will also weigh more. The silver coins weigh 24.59 grams compared to the copper-nickel coins that weigh 22.68 grams.
| Series | Location | Quantity Minted |
|---|---|---|
| 1776-1976 S, Silver Clad | San Francisco | 11,000,000 |
Value
This coin, regardless of condition, is worth at least its weight in silver. The silver melt value for this coin is $8.61 as of February 09, 2021. This melt value is calculated from the current silver spot price of $27.23 per ounce.
The standard 1776-1976 silver dollar is worth around $17 in MS 63 choice uncirculated condition. In MS 65 gem uncirculated condition the price rises to around $20.
The 1776-1976 proof silver dollar is worth around $19 in PR 65 condition. There were 4,000,000 proof coins minted.
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Grading System
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
PR 65 proof- There are no flaws to this coin. A few blemishes may be present.
Sources:
See also:
1974 Silver Dollar
1973 Silver Dollar
1972 Silver Dollar
If you're looking for an Eisenhower dollar price guide and don't want to read the full article, click the link or scroll down.
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.
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.
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.
1974 Silver Dollar Eisenhower
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.1974 Silver Dollar With Eagle On Back Value
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.
1974 Silver Dollar Proof
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.
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.
1974 Silver Dollar Worth In Package 40% Silver
But the lack of keydates means that a nice set of Eisenhower Dollars is easily attainable no matter what your budget.
1974 Silver Dollar With Eagle On Back Value
Last updated 8/7/2018