The value of a 1971 silver dollar coin can vary significantly depending on its mintmark, condition, and any potential errors.
- Circulated Coins: A 1971 silver dollar in average circulated condition is generally worth between $1 and $3. Some circulated coins, especially those with lower grades, may hold more value to specific collectors, with a PCGS graded 2 being worth $110.
- Uncirculated Coins: Uncirculated Eisenhower dollars, those in pristine condition, can be worth more. MS60 grades typically start at about $13, increasing to $32 for MS65 (gem quality). Higher grades can fetch hundreds or even thousands of dollars, with an MS67 valued at approximately $285 and an MS67+ at $3,150.
- Proof Coins: Proof versions of the 1971 silver dollar were specifically struck for collectors and generally have a mirrored finish and sharper details. Proof coins in perfect condition (PR69 or higher) are highly valuable, with prices potentially exceeding $500 in auctions. Some proof coins, particularly those with a Type 1 reverse, can be worth much more. A Proof Deep Cameo PR69 is valued at $60,000.
- Errors: Coins with errors or variations from the minting process can also command significantly higher prices. Examples of errors include:
– Double Strikes: Where the coin was struck more than once by the die, resulting in a doubled image.
– Peg Leg: A variety where the serif at the base of the letter “R” in “Liberty” is missing due to overpolishing the obverse die.
– Re-punched Mint Mark: Where the mint mark was punched again, resulting in a doubled “S”.
- Mintmark:
– No Mintmark (Philadelphia): Less sought after but still holds historical significance, with an MS65 potentially fetching approximately $80.
– D Mintmark (Denver): Coins from Denver tend to have a sharper appearance and are generally more desirable, potentially valued higher than the Philadelphia version.
– S Mintmark (San Francisco): Proof versions are particularly sought after due to their silver composition and limited availability.
In summary, while a circulated 1971 silver dollar may only be worth a few dollars, uncirculated and proof versions, particularly those with errors or higher grades, can be significantly more valuable to collectors.
