A 1972 dollar coin, also known as an Eisenhower dollar or “Ike” dollar, can be worth more than its face value depending on several factors, primarily its condition, type, and whether it has any errors.
Here’s a summary of the factors affecting the value of a 1972 Eisenhower Dollar:
- Clad vs. Silver: There are two main types of 1972 Eisenhower Dollars:
– Clad (Copper-Nickel): These were the standard circulating coins and are generally worth less than the silver versions.
– 40% Silver Clad: These coins were minted in San Francisco (indicated by an “S” mint mark) and were primarily sold to collectors. They contain a small amount of silver, increasing their value above the face value, [according to Hero Bullion].
- Reverse Varieties: The 1972 Eisenhower Dollar has three distinct varieties based on the design of the Earth on the reverse side.
– Type 1: Shows three distinct islands off the coast of Florida on the Earth. This is the most common variety.
– Type 2: This is the rarest and most valuable variety. The Earth lacks the three distinct islands, instead having three incuse lines resembling water. North and South America appear to fade out at the top and bottom of the Earth.
– Type 3: Features the islands beneath and to the left of Florida with strengthened details of the Earth.
- Circulated vs. Uncirculated: Coins that have been circulated (used in commerce) will show signs of wear and tear, reducing their value. Uncirculated coins, especially those in pristine condition, are significantly more valuable.
- Grading: Coin grading systems, like the Sheldon system, are used to assess a coin’s condition and assign a grade (e.g., MS-60, MS-65, etc.). Higher grades generally translate to higher values. For example, a 1972-D clad business strike graded MS67+ sold for $13,200.
- Doubled Die: Some 1972 Eisenhower dollars have doubling on the stars and lettering on the obverse and reverse.
- Type 2 Reverse Error: The Type 2 reverse, accidentally struck with a proof die, is considered a significant error and increases the coin’s value substantially.
- Strike-Through Error: A missing or incomplete letter, such as the “L” in “Dollar”, can also add value to a coin.
In conclusion, while a 1972 Eisenhower dollar found in circulation is likely only worth its face value or slightly more, certain varieties and errors, especially those in excellent condition, can be quite valuable to collectors. It’s recommended to consult a coin expert or professional grading service for an accurate valuation of your specific coin.
How can you tell if a 1972 dollar coin is valuable?
Good point! So on the obverse. You want to look for doubling on the lettering. There on the date uh on the reverse. You want to look for doubling. Again on those stars on the lettering. On the earth.
How can I tell if my 1972 Eisenhower Dollar is silver?
Thanks for asking. Look for a Silver or Copper Stripe
If your Ike dollar has an “S” mint mark on the obverse, it is silver clad, or 40% silver. You can also check the edge of the coin for a silver stripe. If you find one, you most likely have a 40% silver, or silver clad Eisenhower dollar.