1976 Ike Dollar Coin Value and Collectibility

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The 1976 Ike dollar coin is a highly collectible item, especially for those who appreciate the unique design and historical significance. The coin features a depiction of Dwight D. Eisenhower, the 34th President of the United States.

The 1976 Ike dollar coin was minted in three different locations: Philadelphia, Denver, and San Francisco. The Philadelphia mint produced the most coins, with over 300 million pieces.

Its value lies not just in its rarity, but also in its condition. Coins in mint condition, with no signs of wear or damage, can command a higher price.

History of the 1976 Ike Dollar

The 1976 Ike dollar was the fifth coin in the Eisenhower dollar series, featuring the image of former president Dwight D. Eisenhower. It was a large and heavy coin that didn't quite catch on in everyday use.

The coin was produced by the Philadelphia, Denver, and San Francisco Mint facilities, with the San Francisco facility striking coins with a real silver core. The use of silver planchets was a compromise to show respect for Eisenhower, as some in Congress felt that using base metal was disrespectful.

The dual issue of clad and silver dollars continued into 1976, with the Philadelphia and Denver facilities producing clad coins and San Francisco striking silver coins.

History of the Coin

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The 1976 Ike Dollar was the fifth to feature the image of Dwight D. Eisenhower.

The design of the coin was responsible for its nickname, Eisenhower dollars.

These coins were struck on different types of planchet from the outset.

The Philadelphia and Denver Mint facilities produced dollars with a copper core clad in an alloy of 75% copper and 25% nickel in 1971.

The San Francisco Mint facility produced dollars with a core made from a mixture of 79% copper and 21% silver in 1971.

The dual issue of clad and silver dollars continued into 1976.

The Philadelphia and Denver facilities produced the clad coins, while San Francisco struck the silver coins.

A disagreement in Congress led to the use of both types of planchet in 1976.

The series was not to last long, however.

The coin was too large and heavy to be popular in everyday use.

Most of the coins issued for circulation found their way into casinos in the end.

The last Eisenhower dollars were minted in 1978.

Design and Release

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The design of the 1976 Ike Dollar was a significant milestone in the history of American currency.

The obverse of the coin features a portrait of President Dwight D. Eisenhower, designed by Frank Gasparro.

The reverse of the coin was designed by Dennis R. Williams and depicts a scene of a farm, symbolizing the importance of agriculture in America.

The 1976 Ike Dollar was released in large quantities, with over 1.4 billion coins minted that year alone.

Each coin was made of a copper-clad coin with a copper core, giving it a unique appearance.

Value and Variations

The 1976 Ike dollar value is influenced by its quality and condition, rather than its silver content, which is limited in a coin weighing under 25 grams. A 1976 San Francisco dollar graded XF45 is worth around $13.

Coins are graded from 1 to 70, with coins graded 1 being in the worst condition they could be. Coins graded 70 are flawless, and anything graded 60 and above is known as “mint state”, meaning it has few signs of wear.

A 1976 San Francisco dollar graded MS60 is valued at just $16, while a coin graded MS67 is valued at around $42. However, prices climb steeply for coins graded MS68 and above, with a MS68+ valued at $210 and a MS69 valued at no less than $20,000.

Value

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The value of a 1976 silver dollar can vary greatly depending on its condition and grade. Coins are graded from 1 to 70, with coins graded 1 being in the worst condition they could be whilst still being identifiable.

A 1976 San Francisco dollar graded XF45 is worth around $13. For not much more than that, you can get a mint state example.

Most of the 11 million dollar coins struck by the San Francisco Mint in 1976 survive to this day, making them relatively easy to find in grades up to MS65. Even a coin graded MS67 is valued at only around $42.

The value of a 1976 D silver dollar Type 1 in MS 66 + was sold for $660 at Heritage Auctions. The Professional Coin Grading Service graded only 8 coins in this grade, making them highly valuable.

The value of a 1976 D silver dollar Type 2 in MS 67 was sold for $1,920. The Denver and Philadelphia Mint struck the 1976 bicentennial Eisenhower silver dollars for business and everyday transactions, which doesn't make them very valuable.

Proof Value

Dollar Bill on Display
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A proof 1976 silver San Francisco dollar graded PR60 is worth under $10.

Most collectors' items, including coins, tend to retain their value over time, but the 1976 silver San Francisco dollar is an exception.

Even a near-perfect PR69 example is worth only around $20.

If you're looking to buy a cameo or deep cameo proof dollar from 1976, be prepared to pay a bit more - around $14 at PR60.

Prices rise more steeply from there, with a deep cameo graded PR69 worth around $50.

The finest known deep cameos are graded a perfect PR70, and the PCGS has certified well over 300 coins at that level, valuing them at $1,000 apiece.

Varieties

The 1976 Silver Dollar has several varieties, and one of the most notable is the type 1, which is quite scarce.

The silver variety contains 40% silver and 60% copper, giving it a slightly higher weight than the nickel-clad variety, at 24.62 grams.

Close-up of a vintage 1985 coin on a wet, textured surface with dramatic lighting.
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If you think you have a specimen of the type 1 with an MS 66 or higher grade, get it graded as soon as possible, because specimens with this grade are highly rare.

The silver weight of the 1976 Silver Dollar is 9.83 grams or 0.31620 troy ounces, and the diameter is 1.5 inches or 38.1 mm, which is the same for both coin types.

The thickness of the 1976 Silver Dollar is 0.10157 inches or 2.58 mm, also the same for both coin types.

S Bicentennial Proof Eisenhower

The 1976 "No S" Bicentennial Proof Eisenhower Dollar is a highly sought-after coin, with a rich history of sales and price fluctuations. It was first sold in 1982 for $5,000.

This coin has undergone several upgrades and certifications, including being certified PF65 by NGC and later upgraded to PCGS PR66. It was also re-designated CAMEO by PCGS.

The coin has been sold multiple times, with notable sales including $41,400 in 2002 at a Bowers and Merena auction.

Rare Errors and Variations

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Rare errors and variations can significantly impact the value of a 1976 Ike dollar. Certain mistakes during production can make a coin more valuable, especially if it's in good condition.

Some errors can boost the price of a coin, such as the struck-through error on the 1976 S Eisenhower silver dollar, which was sold for over $1,500. The 1976 S Proof Eisenhower silver dollar with reverse lamination mint error was sold for $500.

A double struck error occurred on one 1976 silver dollar in Denver, where the second strike was markedly off-center by about 80%. This distinctive error was graded at MS61 by the PCGS and sold for over $700 at auction.

Here are some of the rare errors and variations found in 1976 Ike dollars:

  • Missing Edge Letters
  • Double Die
  • Off Center Strike
  • Struck-through Error
  • Re-punched Mint Mark
  • Reverse Lamination

Rare Errors List

The 1976 Eisenhower silver dollar has some notable errors that can significantly impact its value. Certain errors can boost the price of a coin, especially if it is in good condition.

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A Missing Edge Letters error occurs when the edge letters are not present on the coin. This type of error can be found on the 1976 S Eisenhower silver dollar.

Double Die errors happen when the die is stamped twice, resulting in a double image on the coin. This error is also found on the 1976 S Eisenhower silver dollar.

Off Center Strike errors occur when the coin is struck at an angle, resulting in a misaligned image. This type of error can also be found on the 1976 S Eisenhower silver dollar.

Struck-through errors happen when a foreign object, like a piece of tape, gets embedded in the coin during striking. One such example is the 1976 S silver dollar struck in San Francisco, which was graded MS65 by the PCGS and sold at auction for $1,500.

Re-punched Mint Mark errors occur when the mint mark is re-punched or altered in some way. This type of error can be found on the 1976 S Eisenhower silver dollar.

Reverse Lamination errors happen when the metal is applied to the wrong side of the coin, causing a lamination effect. This type of error can also be found on the 1976 S Proof Eisenhower silver dollar in PF 64 CAMEO.

One Dollar Bill
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Some of these errors can significantly impact the value of a coin, as seen in the case of the 1976 S Eisenhower silver dollar with the struck-through error, which was sold for over $1,500.

Here's a list of the rare errors found on the 1976 Eisenhower silver dollar:

  • Missing Edge Letters
  • Double Die
  • Off Center Strike
  • Struck-through Error
  • Re-punched Mint Mark
  • Reverse Lamination

Double Struck

Double Struck coins are a fascinating error that occurs when a coin isn't ejected from the press after it's been struck. This can lead to a second strike, which is often off-center.

A 1976 silver dollar double struck in Denver is a notable example, with the second strike being markedly off-center by about 80%. This error made the top of the second obverse design visible at the bottom of the coin.

This double struck 1976 silver dollar was graded at MS61 by the PCGS and sold for over $700 at auction.

Return

The 1976 S Proof Silver Dollar is a highly sought-after coin among collectors. It has a wonderful luster and shine due to its proof minting.

Round Silver-colored Liberty Coin
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The San Francisco Mint struck this coin, and it features an "S" mint mark. The coin comes in two types, Type 1 and Type 2, which can be identified by the thickness of the lettering and the position of the tail of the final "S" in "STATES".

Type 1 has thicker lettering, and the tail of the final "S" curbs upwards toward the center of the letter "E", while Type 2 has a thinner letter, and the tail of the final "S" is roughly on the same level as the bottom of the letter "E".

The most valuable and rare pieces are the ones in MS 69, especially if it is the Type 1. The 1976 Proof Clad Eisenhower silver dollar Type 1 in PR 70 DCAM, the highest grade and the best finish, was sold for $7,657 at Heritage Auctions.

In contrast, the 1976 S Clad Eisenhower silver dollar Type 2 in the same grade, PR 70, sold for $2,400. This highlights the significant difference in value between the two types.

The 1976 D 1776 to 1976 Silver Dollar is another rare error coin. It was supposed to be a cupro-nickel clad bicentennial dollar, but one coin was struck on a 40 per cent silver planchet instead.

This coin has the Type 2 reverse, with the thinner lettering, and was graded AU55 by the PCGS. It sold at auction for over $8,000, demonstrating the high value of rare error coins.

No S Bicentennial Proof Eisenhower

Credit: youtube.com, 1976 No S Proof Eisenhower Dollar, Type 2. the rarest non-error modern coin in existence,$1 Million

The No S Bicentennial Proof Eisenhower is a rare error coin that has had a fascinating history.

The first sale of this coin was in 1982, where it sold for $5,000 in its raw state.

It was later certified PF65 by NGC and then re-acquired by Martin Paul, who must have seen some potential in this coin.

In 1997, it was sold at a Superior Auction, lot #1794, still graded NGC PF65.

The coin was later upgraded to PCGS PR66, which is quite an upgrade.

It was then sold at a Bowers and Merena auction, lot #647, for $41,400 in 2002.

Acquired by Mitchell Spivack, this coin was later re-designated CAMEO by PCGS.

The value of this coin has increased significantly over the years, from $5,000 to $41,400.

Selling and Valuation

The 1976 Ike dollar has a significant value, but it's essential to understand that its value is not solely determined by its silver content. A 1976 silver San Francisco dollar graded XF45 is worth around $13, and a mint state example graded MS60 is valued at just $16.

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The availability of these coins is quite high, with the San Francisco Mint facility striking 11 million dollar coins in 1976. Most of those coins survive to this day, making them relatively easy to find in grades up to MS65.

However, prices climb steeply for coins graded MS67 and above. The PCGS values a 1976 silver San Francisco dollar graded MS67+ at $110, and a coin graded MS68 is valued at $210.

To sell your 1976 Ike dollar, you can consider online marketplaces. The article mentions a list of sites where you can sell coins online, including their introduction, pros, and cons.

The value of a 1976 No Mint Mark silver dollar Type 1 in MS 66 was sold for $3,360, while the same coin in an MS 66+ was sold for $5,640. A 1976 No Mint Mark silver dollar Type 2 in MS 66 was sold for only $74 in 2021.

The Denver Mint struck around 21 million bicentennial Eisenhower dollars Type 1, and the "D" mint mark can distinguish these coins on the right side of the coin under Eisenhower's truncated neck. The highest grade for this variety is MS 67, and the 1976 D silver dollar Type 1 in MS 67 bagged $8,813 at Heritage Auctions.

Special Editions and Variations

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The 1976 Ike dollar has some special editions and variations that can greatly impact its value. The 1976 type 1 is a scarcer variety, and examples in MS 65 are very hard to find.

Specimens of this variety with MS 66 or higher are highly rare. If you think you have one, get it graded as soon as possible.

The silver variety contains 40% silver and 60% copper. This makes it slightly heavier than the nickel-clad variety, weighing 24.62 grams.

The silver weight is 9.83 grams or 0.31620 troy ounces.

Frequently Asked Questions

How can you tell if a 1976 Eisenhower Dollar is silver?

Check the edge of the coin for a silver stripe, which indicates a 40% silver or silver clad Eisenhower dollar.

Tasha Kautzer

Senior Writer

Tasha Kautzer is a versatile and accomplished writer with a diverse portfolio of articles. With a keen eye for detail and a passion for storytelling, she has successfully covered a wide range of topics, from the lives of notable individuals to the achievements of esteemed institutions. Her work spans the globe, delving into the realms of Norwegian billionaires, the Royal Norwegian Naval Academy, and the experiences of Norwegian emigrants to the United States.

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