The 1973 Eisenhower Dollar is a special coin that collectors and history buffs often seek. Understanding its production, design, and value can help you appreciate its significance. This guide will explore everything you need to know about this coin, from how it was made to its worth today.
Production of the 1973 Eisenhower Dollar
The first two years of the Eisenhower Dollar’s production saw huge numbers. In 1971, the United States Mint created over 116 million coins, and in 1972, they made around 168 million. Even though many people were excited about the Ike Dollar, there was no real need for such a large coin in everyday use. By 1973, it became clear that this dollar coin wouldn’t be as popular as the earlier Morgan and Peace Dollars.
Non-Circulating Legal Tender Coin
For the 1973 Eisenhower Dollar, the Mint decided not to produce more coins for general use. Instead, they made two million coins for collectors and included them in special Mint Sets. Out of these, about 1.77 million sets were sold, while the rest were destroyed. However, there were rumors that some of these coins accidentally made their way into circulation.
Key Features of the 1973 Eisenhower Dollar
The table below summarizes the important features of the 1973 Eisenhower Dollar:
| Feature | Description |
|---|---|
| Year of Issue | 1973 |
| Denomination | One Dollar (USD) |
| Mintmark | None (Philadelphia) |
| Mintage | 2,000,000 |
| Alloy | Copper-Nickel (Cu-Ni) |
| Weight | 22.68 grams |
| Diameter | 38.10 mm |
| Designer (Obverse) | Frank Gasparro |
| Designer (Reverse) | Frank Gasparro, Michael Collins |
| Quality | Uncirculated |
What Is the 1973 Eisenhower Dollar Worth?
Although the 1973 Eisenhower Dollar has a face value of one dollar, it was not made for general circulation. Unlike earlier silver coins, this one was specifically meant for collectors. The price of the Mint Sets rose from $3.50 in 1972 to $6.00 in 1973. Nowadays, you can find a 1973 Mint Set for around $18, while individual ungraded coins sell for about $8.
In top condition (Mint State 65), the 1973 Eisenhower Dollar can be worth around $25. The price for better-quality coins (Mint State 66) can range from $400 to $450. Some excellent examples, especially those approved by the Certified Acceptance Corporation (CAC), can sell for over $600. The most outstanding coins can even fetch prices above $1,000.
Market Data and Noteworthy Specimens
The top quality for these coins has improved over the years. Currently, a few have been graded at MS66+, and one notable coin sold for an impressive $7,637.50.
Coin Design
Obverse Design
The front of the coin features a portrait of Dwight D. Eisenhower, created by Chief Engraver Frank Gasparro. His initials are located near Eisenhower’s neck, with the words “IN GOD WE TRUST” and “LIBERTY” decorating the coin’s edge.
Reverse Design
The back shows an eagle descending, holding an olive branch. This design is based on the Apollo 11 mission patch, representing a significant moment in American history.
Edge
The edge of the coin has a reeded pattern, similar to other dollar coins.
Conclusion
The 1973 Eisenhower Dollar is more than just a piece of currency; it’s a collectible with a rich history. While it was never meant for daily transactions, it has become popular among collectors. Understanding its production, design, and current value can enhance your appreciation for this unique coin. Whether you’re an experienced collector or just starting, the 1973 Eisenhower Dollar offers insights into American history and numismatics.
FAQ’s
What is the 1973 Eisenhower Dollar made of?
The 1973 Eisenhower Dollar is made of a copper-nickel alloy. This composition gives it a unique look and feel compared to earlier silver dollars.
Why was the 1973 Eisenhower Dollar not released for general circulation?
The 1973 Eisenhower Dollar was intended primarily for collectors and was included in special Mint Sets. The U.S. Mint decided not to produce additional coins for everyday use because there was little demand for such a large dollar coin.
How much is the 1973 Eisenhower Dollar worth today?
The value of the 1973 Eisenhower Dollar can vary. Uncirculated versions typically sell for about $8, while coins in better condition (like Mint State 65) can be worth around $25. Higher-quality coins, especially those with CAC approval, can fetch prices of $600 or more, depending on their condition.