Most Eisenhower (Ike) dollars are worth their face value of $1. Certain varieties and conditions can increase their value.
- Silver content: Most Ike dollars are copper-nickel clad. Those minted in San Francisco (marked with an “S”) from 1971-1974 and 1976 are 40% silver. They carry a melt value based on the current silver spot price. You can identify silver Ike dollars by checking for a silvery rim with a light blue streak and by their weight (~24.624g for silver-clad vs. ~22.68g for clad). These can be worth $10-$12 or more. Silver proof versions also exist.
- Key Dates and Varieties: Some Eisenhower dollars are rarer and more valuable to collectors.
– 1972 Type II Reverse: The absence of the three islands below Florida on the reverse (tail side) of the coin distinguishes this variety. Uncirculated examples may sell for $110.00 or more.
– 1976 Bicentennial Type I and II Reverse: These coins have different varieties, with Type I having thicker lettering on the reverse and Type II having thinner lettering. Values vary.
– “S” Mint Mark Issues: These coins, especially those in uncirculated condition, are generally more sought-after than those from Philadelphia (no mint mark) or Denver (“D” mint mark).
- Condition: The condition of an Eisenhower dollar significantly impacts its value. Uncirculated (MS+) coins with little to no wear are worth more than circulated coins showing signs of use. An uncirculated 1776-1976 S SILVER dollar could be worth up to $7000.
- Circulated, copper-nickel clad: Typically around $1, [according to The Spruce Crafts].
- Uncirculated, copper-nickel clad: Depending on the specific year and variety, can range from $3 to $12 or more.
- Circulated, 40% silver: Roughly $12-$14, based on silver content and collectibility, [according to NGC].
- Uncirculated, 40% silver: Can command significantly higher prices, particularly for certain key dates or exceptional examples. A 1971 S SILVER in pristine, uncirculated condition could sell for up to $6250.
Note: Prices for rare varieties and top-grade uncirculated coins can vary widely depending on the specific coin, market demand, and the grading service that has certified its condition. If you are unsure of the value of an Eisenhower dollar, consult a reputable coin dealer or use resources such as the Numismatic Guaranty Company (NGC) Price Guide.
How to tell if Eisenhower coin is silver?
Even though they were special order coins, some 40% Eisenhower silver dollars still made their way into circulation. Besides checking for an “S” mintmark on the obverse or front of the coin, collectors can check the edge of the coin for a copper stripe.
Why is a 1971 Eisenhower silver dollar worth so much?
Great question! Why is a 1971 Eisenhower silver dollar worth so much? It is valuable due to its limited mintage, historical significance and its attractive design.