The 1971 proof dollar coin, also known as the Eisenhower Dollar or “Ike” Dollar, was minted in San Francisco and contains 40% silver . These coins were primarily intended for collectors and were sold individually in brown boxes, which led to them being nicknamed “Brown Ikes”. The value of a 1971 proof dollar coin can vary significantly depending on its condition, grade, and the presence of any rare varieties or errors.
Here’s a summary of the factors affecting the value and some typical price ranges:
- Condition/Grade: Coins are graded on a scale of 1 to 70, with 70 being perfect mint condition. Proof coins are designated with a “PR” or “PF” grade. Higher grades generally lead to higher values.
- Variety: There are two main reverse varieties (Type 1 and Type 2) for the 1971 proof silver dollar. Type 1, with its less prominent design and more detailed eagle breast feathers, is rarer and significantly more valuable.
- Errors: Errors like double dies, repunched mint marks, or “peg leg” (missing serif on the “R” in LIBERTY) can dramatically increase a coin’s value.
- Average circulated condition: Regular strike 1971-S silver dollars in circulated condition typically sell for between $10 and $12.
- Proof strikes: Values start under $10 for lower-grade proofs and can reach $22 for top-graded PR69 examples.
- Rare varieties and errors:
– 1971-S Silver Dollar, Type 1 reverse, Deep Cameo Proof PR69 : This coin can be worth up to $60,000.
– 1971-S Silver Dollar, Peg Leg, MS68 : This variety can be worth around $6,750.
– 1971-S Silver Dollar, Doubled Die Obverse, Deep Cameo Proof PR67 : This error can be worth close to $1,400.
What makes a 1971 dollar coin rare?
Why is a 1971 Eisenhower silver dollar worth so much? It is valuable due to its limited mintage, historical significance and its attractive design. Coins in mint condition, especially proof versions, have a higher demand among collectors, which increases their value.