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The 1972 Ike dollar is a collector's dream, and its value can vary greatly depending on its condition and rarity. The coin was minted in large quantities, but some varieties are harder to find than others.
The 1972 Ike dollar is a part of the Dwight D. Eisenhower dollar series, which was minted from 1971 to 1978. The series was designed to honor the 34th President of the United States.
In mint condition, a 1972 Ike dollar can be worth around $10 to $15. However, its value can increase significantly if it's in good condition and has some wear and tear.
Coin Varieties
The 1972 Ike dollar has three major coin varieties, resulting from the US Mint's design adjustment that year. These varieties are a significant factor in the coin's importance and rarity.
One of the key varieties is the Type 1, Type 2, and Type 3. The Type 2 and Type 3 varieties are particularly rare and valuable. For example, a 1972 Ike Dollar Type 2 in MS66 grade is worth $9,988.
In addition to these varieties, the 1972 Ike dollar also has different mint marks, such as the Denver mint mark. The table below shows the different varieties and their values.
1972 Dollar | Grade | Value |
---|---|---|
1972 Ike Dollar Type 2 | MS66 | $9,988 |
1972 Ike Dollar Denver | MS67 | $9,775 |
1972 Ike Dollar Type 1 | MS66 | $5,170 |
1972 Ike Dollar Type 3 | MS66 | $4,700 |
Features
The United States has issued a variety of coins over the years, each with its own unique features.
The issuer of these coins is the United States, and the period in which they were issued is from 1776 to the present date.
The type of coins issued varies, with some being standard circulation coins and others being non-circulating coins.
Standard circulation coins were issued from 1971 to 1978, and non-circulating coins were issued from 1971 to 1977.
Both types of coins have a value of 1 Dollar (1 USD) and are denominated in the United States Dollar.
The composition of the coins also varies, with standard circulation coins being made of copper-nickel clad copper and non-circulating coins being made of billon (.400 silver).
Here are the specifications for both types of coins:
Feature | Standard Circulation Coins | Non-Circulating Coins |
---|---|---|
Composition | Copper-nickel clad copper | Billon (.400 silver) |
Weight | 22.68 g | 24.59 g |
Diameter | 38.1 mm | 38.1 mm |
Thickness | 2.58 mm | 2.54 mm |
The shape of both types of coins is round, and the technique used to make them is milled.
The Coin Varieties
The 1972 Dollar Coin Varieties are quite fascinating, with three major varieties in circulation. These varieties came about due to the US Mint adjusting the Eisenhower dollar's design in 1972.
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One of the key factors that determine the value and rarity of a 1972 Dollar coin is its mint mark. To identify the mint mark, you need to look at the initial under the President's bust on the obverse. If it's a D, it was minted in Denver, if it's an S, it was produced in San Francisco, and if there's no letter, it was minted in Philadelphia.
Here's a breakdown of the units produced at each mint:
- Philadelphia: 75,890,000 units
- Denver: 92,548,511 units
- San Francisco: 2,193,056 specimens and 1,811,631 Proof specimens, all with silver content.
The composition of the 1972 Dollar coins also varies depending on the mint. The Philadelphia and Denver mints produced coins with a pure copper core coated with 75% copper and 25% nickel alloy, while the San Francisco mint produced coins with a 79% copper and 21% silver core and 80% silver and 20% copper plating.
Silver Proof
The 1972 Ike Silver Dollar Proof is a highly sought-after coin among collectors. It's produced in three finishes: Proof, Cam, and DCAM.
A 1972 Ike Silver Dollar PR70 DCAM specimen can fetch a price of up to $2,820. This is a significant premium over lower-grade specimens.
In low graduations, 1972 Ike Silver Dollar Proofs can be found for as little as $6 to $10. For medium graduations, prices range from $12 to $75.
A 1972 Ike Silver Dollar PR70 can be found for less than $200, while a PR70 Cam can reach $300. This highlights the significant price difference between the different finishes.
The 1972 Ike Silver Dollar Proof is a rare and valuable coin, making it a great addition to any collection.
Silver Value
The 1972 Ike Dollar's silver value is a fascinating topic. The 1972 Ike Silver Dollars were only produced at the San Francisco mint in Regular Strike and Proof grades, with 2,193,056 regular units and 1,811,631 proof units produced.
These silver dollars have a unique composition of 79% copper and 21% silver in their core, with a clad of 80% silver and 20% copper, giving them a 40% silver content.
The weight of the 1972 Ike Silver Dollar is 24.60 g, which is significantly heavier than the 22.70 g of the clad version.
You can find 1972 Ike Silver Dollars in different colored cases, with the uncirculated issues presented in blue cases, known as "Blue Pack Ikes" or "Blue Ikes", and the proof quality silver specimens presented in brown cases, known as "Brown Pack Ikes" or "Brown Ikes".
Here's a breakdown of the prices for 1972 Ike Silver Dollars in different grades:
Grade | Price Range |
---|---|
MS69 | $2,200 to $3,680 |
MS68+ | $432 to $793 |
MS68 | $104 to $192 |
MS67 | $35 to $66 |
The prices for 1972 Ike Silver Dollars in Proof grades also vary depending on the finish or classification, with prices ranging from $6 to $10 for low graduations, $12 to $75 for medium graduations, and up to $300 for PR70 Cam specimens.
In fact, a 1972 Ike Silver Dollar PR70 DCAM specimen fetched $2,820 in 2013, and other specimens in identical grade have not dropped below $2,000.
Frequently Asked Questions
What makes a 1972 Eisenhower Dollar rare?
The 1972 Eisenhower Dollar is rare due to a minting error that resulted in a limited production run. Only around 40,000 coins were struck, making it a highly sought-after collector's item.
How can I tell if my 1972 Eisenhower Dollar is silver?
Check the obverse for an "S" mint mark or the edge for a silver stripe to determine if your 1972 Eisenhower Dollar is silver clad or 40% silver. If you find a silver stripe, it's likely your coin is 40% silver or silver clad.
Sources
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