Wednesday 22nd October 2014



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Eisenhower Dollar 1971 - 1978

Vital Stats.

Eagle Reverse (1971 - 1974) (1977 - 1978)

Designer: Frank Gasparro, reverse based on a design by Michael Collins and James Cooper
Diameter: 38.5 millimeters
Weight: Normal: 22.7 grams. 40% silver: 24.6 grams
Edge: Reeded
Content:
Normal: Cladding 75% - copper 25% nickel - core 100% Copper
40% Silver: Cladding 80% - silver 20% other - core 79% copper, 21% Nickel

No "I View" Grading

Type 1

The "Peace" dollar (silver dollar) coin ended production after the 1935 issues. However, in 1962 when a sealed vault at the Philadelphia Mint was opened, hundreds of thousands of Silver dollars were discovered, including some rare issues which were paid out freely till gone. The Coinage Act of July 23, 1965, required that no silver dollars be struck for five years, when the need for them could be reevaluated. That "need" became apparent when the Nevada gambling casinos began using dollar-size tokens at their casinos. Customers, however, preferred dollar coins.

The death of Dwight D. Eisenhower, 5 Star General and two-term U.S. President (about the same time as the 8-day historic lunar landing by the Apollo XI crew) prompted a House bill that proposed commemorating both events with a dollar coin. Following a year of debate the new "Ike" dollars were approved.

Type 1 (1971 - 1974) (1977 - 1978)
Copper Nickel Clad

1973 Type 1, Clad Dollar Coin Obverse 1973 Type 1, Clad Dollar Coin Reverse

On December 31, 1970, a bill creating the Eisenhower dollar was passed providing for a circulating dollar coin made from the "clad" alloy being used at that time for dimes and quarters (also for half dollars starting in 1971).



Type 2

Year/
Mint Mar
Circulation
Strikes
1971-S6,868,530
1972-S2,193,056
1973-S1,883,140
1974-S1,900,156

Type 2 (1971 - 1974)
40% Silver

1974 Type 2, Silver Dollar Coin Obverse 1974 Type 2, Silver Dollar Coin Reverse

This bill also permitted up to 150 million silver clad coins for sale to collectors with two outer layers that were 80% silver and 20% copper bonded to an inner core that was approximately 21% silver and 79% copper. This was the same alloy used for halves dated 1965-70 and rendered a 40% silver coin.


Vital Stats.

Bicentennial Reverse (1975 - 1976)
Circulation Strike Content:
Cladding: 75% copper 25% nickel,
Core: 100% Copper
Circulation Strike: 22.7 grams

40% Silver Content:
Cladding: 80% silver 20% other,
Weight
Core: 79% copper, 21% Silver
40% Silver: 24.6 grams

Both Strikes:
Diameter: 38.5 millimeters
Edge: Reeded
Obverse Designer: Frank Gasparro
Reverse Designer: Dennis R. Williams

Type 3

Year/
Mint Mark
Circulation
Strikes
1776-1976117,337,000
1776-1976-D103,228,274
1776-1976-S0

Type 3 (1975 - 1976)
Nickel Clad Bicentennial Dollar

1976 Bicentennial Dollar Coin obverse 1976 Bicentennial Dollar Coin reverse

The United States bicentennial was celebrated in 1976, two hundred years after the signing of the U.S. Declariation of Independence. As part of the celebration, three special "Bicentennial coins" were struck as special commemorative coins, they were the quarter dollar, half dollar and the dollar. Bicentennial dollar coins have the dual date 1776-1976 at the bottom, the dates separated by a centered dot.

Prior to the nation's impending Bicentennial a competition for a Bicentennial design to grace the reverses of the quarter, half and dollar, was held. Dennis R. Williams won the design for the dollar's reverse. His visionary design of the Liberty Bell superimposed on the moon provided a link between past and present.

Regular coinage dated 1974 ended in the middle of 1975, when the new Bicentennial d esigns dated 1776-1976 went into production: no dollars were produced dated 1975. These Bicentennial pieces were released in the fall of 1975, and their mintage continued through the following year.



40% Silver

1776-1976-S5,000,000

Type 4 (1975 - 1976)
40% Silver Bicentennial Dollar

1976 Bicentennial Dollar Coin obverse 1976 Bicentennial Dollar Coin reverse

The regular design returned in 1977 and 1978, when the Eisenhower series was terminated in favor of the ill-fated Susan B. Anthony "mini dollar." For these two years, however, no Ikes were coined in silver.

Silver-clad coins were made at San Francisco, in addition to the circulating version coined at Philadelphia and Denver.

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