Have you ever considered whether the coins in your pocket could be worth more than their face value? Certain coins command exorbitant prices among collectors due to their scarcity and distinguishing characteristics. One such example is the Eisenhower dollar coin, which was struck between 1971 and 1978.
Some of these coins, particularly ones without a mint mark, have been reported to trade for up to $14,000. Read on to see if your Eisenhower dollar is one of these hidden gems.
Eisenhower Dollar Coin
The Eisenhower dollar coin, named for Dwight D. Eisenhower, the 34th President of the United States, was struck between 1971 and 1978. These coins were designed to salute Eisenhower and celebrate the Apollo 11 lunar landing.
The coin’s front side (obverse) depicts Eisenhower’s profile, the year of mintage, and inscriptions such as “Liberty” and “In God We Trust.” The back side (reverse) depicts an eagle landing on the moon, with the Earth visible in the backdrop, with the inscriptions “E Pluribus Unum,” “United States of America,” and “One Dollar.”
Notable Features of Eisenhower Dollar Coin
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No Mint Mark
The most expensive Eisenhower dollar coins are those without a mint mark. Coins minted in Denver (D) and San Francisco (S) are widespread, but coins without a mint mark are uncommon.
This omission suggests that the piece was struck in Philadelphia, where mint markings were not used in certain years. Collectors have developed a strong preference for these coins with no mint mark.
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Pristine Condition
The condition of the coin greatly influences its worth. Coins in immaculate, uncirculated condition fetch the greatest prices. If your Eisenhower dollar is worn or tarnished, it may still have value, but not as much as a flawless coin.
How to recognize a rare Eisenhower Dollar Coin?
- Check the Year – Eisenhower dollars were only struck from 1971 to 1978. If your coin falls outside of this range, it is not included in this series.
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Look for a Mint Mark – Check the front of the coin for a mint mark. Coins featuring the letters D (Denver) or S (San Francisco) are prevalent. If there is no mint mark, you may have a rare coin.
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Assess the Condition – Inspect the coin for scratches, dents, and discolouration. A coin in mint condition, devoid of damage, is significantly more valuable. Consider having it professionally graded by a numismatics expert to ascertain its true condition and value.
Where to Sell Rare Eisenhower Dollars?
If you believe your coin is valuable, contact a reputable coin dealer or auction house. These professionals can appraise your coin and assist you with the selling process.
Online auction platforms such as eBay may also be an alternative, but make sure you have adequate paperwork to verify the rarity of your coin.
Final Words
The Eisenhower dollar coin may appear to be an ordinary $1 piece at first sight, but some of these coins are extremely valuable, particularly those without mint marks and in excellent condition. If you believe you own one of these rare treasures, take the time to ensure its authenticity and condition.
Who knows. That modest coin in your hand could be enough to pay off your mortgage or purchase a new vehicle. Begin your search today—you may be holding a piece of history and a fortune!
