1972 Silver Dollar

broken image


1972

The US minted the 1971 S Eisenhower silver dollar as an uncirculated coin and also as a proof coin. Most of the coins minted were proof coins. The mint mark can be found above the date. Note that not every 1971 Eisenhower dollar is a silver coin. When you think of a Silver Dollar, you likely picture the Eisenhower Dollar. This is a one-dollar coin minted by the U.S. Mint between 1971 and 1978. The Eisenhower Dollar was the first dollar coin minted since the Peace Dollar series was discontinued in 1935. The US minted the 1972 S Eisenhower silver dollar as an uncirculated coin and also as a proof coin. Most of the coins minted were proof coins. The mint mark can be found above the date. Note that not every 1972 Eisenhower dollar is a silver coin. The US also minted the 1972 Eisenhower copper-nickel clad coin with no mint mark and also the 1972 D Eisenhower copper-nickel clad coin. Welcome to Coinflation and everything you need to know about the 1971-1974, 1976 Silver Eisenhower Dollar. This site measures the pure metal value or current melt value of U.S. Circulating and pre-1965 silver coins. Values for the 1972 through 1973 Eisenhower dollar types are also included on this page.

The US Mint made more than 170 million Eisenhower dollars in 1972. Only around two million of them were silver, with the rest being copper-nickel clad. Even though copper-nickel clad 1972 dollars don't contain silver, some are still worth significant money due to their numismatic value.

The Various Types of 1972 Dollars

Free spin master coin. 1972 Eisenhower silver dollar, Type II. Image: USA CoinBook

The United States Mint produced four distinct types of copper-nickel clad 1972 dollars, as well as two in 40% silver. Here's a further rundown on the six types of 1972 dollars:

  • 1972 Copper-Nickel Clad, Variety 1
  • 1972 Copper-Nickel Clad, Variety 2
  • 1972 Copper-Nickel Clad, Variety 3
  • 1972-D Copper-Nickel Clad
  • 1972-S 40% Silver Clad
  • 1972-S 40% Silver Clad Proof

Note that there are no 1972-S copper-nickel clad proofs. Dollars were not included in proof sets until 1973.

Both types of 1972-S Eisenhower silver dollars were packaged individually for sale to collectors. The 40% silver proof Ikes. are commonly referred to as 'Brown Ikes' or 'Brown Pack Ikes.' Their original government packaging is a brown-colored faux wood grain cardboard box.

The 40% silver uncirculated Eisenhower dollars are often dubbed 'Blue Ikes' or 'Blue Pack Ikes.' They were protected by heat-sealed plastic packaging and shipped in blue-colored outer paper envelopes.

Many 40% silver Eisenhower dollars have been broken out of their original government packaging. Some were placed in albums, while others have been graded by coin grading services. Even so, enough silver 1972 Eisenhowers remain in their packaging to meet demand. Therefore, there is presently not a standard markup for these pieces. As time goes on and more are broken out of their holders, Brown Ikes and Blue Ikes still in their original government packaging may earn premiums.

The Three Types of Philadelphia 1972 Clad Eisenhower Dollars

Let's get back to those three 1972 Eisenhower dollar varieties for a moment… What makes them different from each other?

The three differences are all found on the coin's reverse. The reverse design, by Chief Engraver Frank Gasparro, incorporates the Apollo 11 insignia. You'll note that the planet Earth is visible in the design above the eagle's head and right wing. You'll further see geographical details of North America, Central America, and the Caribbean.

The accuracy—or relative lack thereof—in the appearance of Florida and the Caribbean islands is what sets the three types apart.

  • Type 1 – The island of Cuba, seen below a stumpy peninsula of Florida, appears as a tear-drop blob rather than the crescent-shaped peninsula that it is. Another notable diagnostic of the Type 1 is the coin's overall strike, which is rather soft and results in a low-relief appearance.

  • Type 2 – The Type 2 is the scarcest of the three copper-nickel 1972 Ike dollar varieties. It shows Florida appearing more like a triangular funnel, while the Caribbean islands are faint in appearance.

  • Type 3 – This is the most geographically correct design of the three, showing Florida with more coastal detail on its west side. Cuba appears truer to form as a crescent-shaped island, and the islands of Hispaniola and Jamaica to the east and south of Cuba are more distinct.

All 1972 Philadelphia-strike Eisenhower dollars will fall into one of these three varieties. The Type 1 and Type 3 prove to be the most common, and the Type 2 being remarkably scarce. Perhaps only 1 in 32 of the 1972 Philadelphia-minted Ikes can be attributed as a Type 2.

What's A 1972 Eisenhower Dollar Worth?

Values range from anywhere between a few cents over face value to thousands of dollars. Of course, that's not the vague answer you came here for. You're going to need to know what type of 1972 Eisenhower dollar you have, as well as if it is a 40% silver Eisenhower dollar or copper-nickel clad one.

All 1972 40% silver Ikes have an 'S' mintmark just below Eisenhower's neck on the obverse. Suppose your Eisenhower dollar has either a 'D' mintmark or no mintmark. In that case, your 1972 Ike dollar is not silver. No further testing or inspection of the coin by a coin dealer or bullion expert is necessary. In the case of 1972 Eisenhower dollars, it's quite simple—no 'S' mintmark, no silver!

Next is determining whether your 1972-S dollar has a proof or uncirculated finish. In the case of a 1972-S 40% silver Eisenhower dollar, this will have little bearing on the coin's value in most cases. But it's still important to know whether you have a proof or business strike.

Proofs boast a mirror-like surface, whereas business strikes have a satiny appearance. This is the primary aesthetic difference between proof and uncirculated 1972-S Ikes. However, the details of a proof Eisenhower dollar are much stronger and distinct than on an uncirculated strike. This is true for both silver and clad proofs.

Ready to find out what your 1972 Eisenhower dollar is worth? By this point you have learned the difference between the three types of 1972 Philadelphia Eisenhower dollars, as well as between 1972-S proof and uncirculated Ikes. The 1972-D Eisenhower dollars speak for themselves. They're all clad, with no known major varieties.

1972 Eisenhower Silver Dollar: Current Prices

1971 Silver Dollar Value

IssueXF–AUMS63MS65PR65PR68
1972 Type 1$1.05$4.00$125.00n/an/a
1972 Type 2$30.00$75.00$1,150.00n/an/a
1972 Type 3$1.05$4.00$100.00n/an/a
1972-D$1.05$4.00$25.00n/an/a
1972-S Proofn/an/an/a$13.00$17.00
1972-S Uncirculatedn/an/an/a$12.00$14.00

1972 Silver Dollar Prices

*Values are for problem-free coins that serve as typical representatives for their grade. The information on this page does not constitute an offer to buy or sell the coin(s) referred to.

The 1972 Eisenhower dollar values above show that even circulated versions of the 1972 Type 2 clad dollar are worth looking for and saving. Contrary to the widely held notion that worn clad coins are worthless, this isn't true in all cases—especially for errors and varieties.

Still, the silver Ikes are the ones that hold the most value across the board. 40% silver Eisenhower dollars have long been popular with silver stackers and other types of bullion investors.

For more information on buying and selling 1972 silver dollars, please contact Gainesville Coins.

Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage.

More coin value articles from the author:

Posted In: blog

Wondering how much your old 'Ike' dollar is worth? Read below to learn the value of a 1972 silver dollar.

Dollar

The Eisenhower dollar serieswas created to commemorate the late president Dwight Eisenhower, with the first coins being produced in 1971. All of the dollar coins produced for public circulation were made on a copper-nickel planchet, the same type used in U.S. quarters, dimes and half dollars. A few special types of 'Ikes' were struck in a 40% silver alloy, and sold by the U.S. Mint to coin collectors for a small premium.
In 1972, the U.S. Mint produced the normal copper-nickel coin for circulation at two mint branches, Philadelphia and Denver. Denver mint coins can be recognized by the small 'D' mintmark directly above the coin's date. These dollars are common, and are worth only $1-2 in any condition. Philadelphia coins can be identified by their lack of a mintmark. While most of these coins are common as well, there is one notable 1972 Philadelphia variety with a greater value.

The rare 1972 'type 2' design variety is worth upwards of $40 in all conditions. Type 2 dollars are identified by the details of Earth on the reverse side. Next to the outline of Florida, there are no distinguishable islands. On the less valuable Type 1 and Type 2 1972 dollars, there are visible and distinct islands in the Caribbean Sea.

The picture below illustrates the difference: Type 2 is on the far left, followed by Type 1 in the middle and Type 3 on the right.

Interested in learning the values of all Eisenhower dollars? Click the link to see our price guide for the entire series.

Dollar

The US minted the 1971 S Eisenhower silver dollar as an uncirculated coin and also as a proof coin. Most of the coins minted were proof coins. The mint mark can be found above the date. Note that not every 1971 Eisenhower dollar is a silver coin. When you think of a Silver Dollar, you likely picture the Eisenhower Dollar. This is a one-dollar coin minted by the U.S. Mint between 1971 and 1978. The Eisenhower Dollar was the first dollar coin minted since the Peace Dollar series was discontinued in 1935. The US minted the 1972 S Eisenhower silver dollar as an uncirculated coin and also as a proof coin. Most of the coins minted were proof coins. The mint mark can be found above the date. Note that not every 1972 Eisenhower dollar is a silver coin. The US also minted the 1972 Eisenhower copper-nickel clad coin with no mint mark and also the 1972 D Eisenhower copper-nickel clad coin. Welcome to Coinflation and everything you need to know about the 1971-1974, 1976 Silver Eisenhower Dollar. This site measures the pure metal value or current melt value of U.S. Circulating and pre-1965 silver coins. Values for the 1972 through 1973 Eisenhower dollar types are also included on this page.

The US Mint made more than 170 million Eisenhower dollars in 1972. Only around two million of them were silver, with the rest being copper-nickel clad. Even though copper-nickel clad 1972 dollars don't contain silver, some are still worth significant money due to their numismatic value.

The Various Types of 1972 Dollars

Free spin master coin. 1972 Eisenhower silver dollar, Type II. Image: USA CoinBook

The United States Mint produced four distinct types of copper-nickel clad 1972 dollars, as well as two in 40% silver. Here's a further rundown on the six types of 1972 dollars:

  • 1972 Copper-Nickel Clad, Variety 1
  • 1972 Copper-Nickel Clad, Variety 2
  • 1972 Copper-Nickel Clad, Variety 3
  • 1972-D Copper-Nickel Clad
  • 1972-S 40% Silver Clad
  • 1972-S 40% Silver Clad Proof

Note that there are no 1972-S copper-nickel clad proofs. Dollars were not included in proof sets until 1973.

Both types of 1972-S Eisenhower silver dollars were packaged individually for sale to collectors. The 40% silver proof Ikes. are commonly referred to as 'Brown Ikes' or 'Brown Pack Ikes.' Their original government packaging is a brown-colored faux wood grain cardboard box.

The 40% silver uncirculated Eisenhower dollars are often dubbed 'Blue Ikes' or 'Blue Pack Ikes.' They were protected by heat-sealed plastic packaging and shipped in blue-colored outer paper envelopes.

Many 40% silver Eisenhower dollars have been broken out of their original government packaging. Some were placed in albums, while others have been graded by coin grading services. Even so, enough silver 1972 Eisenhowers remain in their packaging to meet demand. Therefore, there is presently not a standard markup for these pieces. As time goes on and more are broken out of their holders, Brown Ikes and Blue Ikes still in their original government packaging may earn premiums.

The Three Types of Philadelphia 1972 Clad Eisenhower Dollars

Let's get back to those three 1972 Eisenhower dollar varieties for a moment… What makes them different from each other?

The three differences are all found on the coin's reverse. The reverse design, by Chief Engraver Frank Gasparro, incorporates the Apollo 11 insignia. You'll note that the planet Earth is visible in the design above the eagle's head and right wing. You'll further see geographical details of North America, Central America, and the Caribbean.

The accuracy—or relative lack thereof—in the appearance of Florida and the Caribbean islands is what sets the three types apart.

  • Type 1 – The island of Cuba, seen below a stumpy peninsula of Florida, appears as a tear-drop blob rather than the crescent-shaped peninsula that it is. Another notable diagnostic of the Type 1 is the coin's overall strike, which is rather soft and results in a low-relief appearance.

  • Type 2 – The Type 2 is the scarcest of the three copper-nickel 1972 Ike dollar varieties. It shows Florida appearing more like a triangular funnel, while the Caribbean islands are faint in appearance.

  • Type 3 – This is the most geographically correct design of the three, showing Florida with more coastal detail on its west side. Cuba appears truer to form as a crescent-shaped island, and the islands of Hispaniola and Jamaica to the east and south of Cuba are more distinct.

All 1972 Philadelphia-strike Eisenhower dollars will fall into one of these three varieties. The Type 1 and Type 3 prove to be the most common, and the Type 2 being remarkably scarce. Perhaps only 1 in 32 of the 1972 Philadelphia-minted Ikes can be attributed as a Type 2.

What's A 1972 Eisenhower Dollar Worth?

Values range from anywhere between a few cents over face value to thousands of dollars. Of course, that's not the vague answer you came here for. You're going to need to know what type of 1972 Eisenhower dollar you have, as well as if it is a 40% silver Eisenhower dollar or copper-nickel clad one.

All 1972 40% silver Ikes have an 'S' mintmark just below Eisenhower's neck on the obverse. Suppose your Eisenhower dollar has either a 'D' mintmark or no mintmark. In that case, your 1972 Ike dollar is not silver. No further testing or inspection of the coin by a coin dealer or bullion expert is necessary. In the case of 1972 Eisenhower dollars, it's quite simple—no 'S' mintmark, no silver!

Next is determining whether your 1972-S dollar has a proof or uncirculated finish. In the case of a 1972-S 40% silver Eisenhower dollar, this will have little bearing on the coin's value in most cases. But it's still important to know whether you have a proof or business strike.

Proofs boast a mirror-like surface, whereas business strikes have a satiny appearance. This is the primary aesthetic difference between proof and uncirculated 1972-S Ikes. However, the details of a proof Eisenhower dollar are much stronger and distinct than on an uncirculated strike. This is true for both silver and clad proofs.

Ready to find out what your 1972 Eisenhower dollar is worth? By this point you have learned the difference between the three types of 1972 Philadelphia Eisenhower dollars, as well as between 1972-S proof and uncirculated Ikes. The 1972-D Eisenhower dollars speak for themselves. They're all clad, with no known major varieties.

1972 Eisenhower Silver Dollar: Current Prices

1971 Silver Dollar Value

IssueXF–AUMS63MS65PR65PR68
1972 Type 1$1.05$4.00$125.00n/an/a
1972 Type 2$30.00$75.00$1,150.00n/an/a
1972 Type 3$1.05$4.00$100.00n/an/a
1972-D$1.05$4.00$25.00n/an/a
1972-S Proofn/an/an/a$13.00$17.00
1972-S Uncirculatedn/an/an/a$12.00$14.00

1972 Silver Dollar Prices

*Values are for problem-free coins that serve as typical representatives for their grade. The information on this page does not constitute an offer to buy or sell the coin(s) referred to.

The 1972 Eisenhower dollar values above show that even circulated versions of the 1972 Type 2 clad dollar are worth looking for and saving. Contrary to the widely held notion that worn clad coins are worthless, this isn't true in all cases—especially for errors and varieties.

Still, the silver Ikes are the ones that hold the most value across the board. 40% silver Eisenhower dollars have long been popular with silver stackers and other types of bullion investors.

For more information on buying and selling 1972 silver dollars, please contact Gainesville Coins.

Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage.

More coin value articles from the author:

Posted In: blog

Wondering how much your old 'Ike' dollar is worth? Read below to learn the value of a 1972 silver dollar.

The Eisenhower dollar serieswas created to commemorate the late president Dwight Eisenhower, with the first coins being produced in 1971. All of the dollar coins produced for public circulation were made on a copper-nickel planchet, the same type used in U.S. quarters, dimes and half dollars. A few special types of 'Ikes' were struck in a 40% silver alloy, and sold by the U.S. Mint to coin collectors for a small premium.
In 1972, the U.S. Mint produced the normal copper-nickel coin for circulation at two mint branches, Philadelphia and Denver. Denver mint coins can be recognized by the small 'D' mintmark directly above the coin's date. These dollars are common, and are worth only $1-2 in any condition. Philadelphia coins can be identified by their lack of a mintmark. While most of these coins are common as well, there is one notable 1972 Philadelphia variety with a greater value.

The rare 1972 'type 2' design variety is worth upwards of $40 in all conditions. Type 2 dollars are identified by the details of Earth on the reverse side. Next to the outline of Florida, there are no distinguishable islands. On the less valuable Type 1 and Type 2 1972 dollars, there are visible and distinct islands in the Caribbean Sea.

The picture below illustrates the difference: Type 2 is on the far left, followed by Type 1 in the middle and Type 3 on the right.

Interested in learning the values of all Eisenhower dollars? Click the link to see our price guide for the entire series.

Max Breitenbach has been collecting US, foreign, and ancient coins for over a decade, and has been writing about them for nearly as long! Max is a regular guest blogger on CoinWeek.com. He is currently working on a collection of European silver crowns and is planning on finishing his US type set sometime within the next century. You can find him on Google+.




broken image