The 1972 Eisenhower dollar is one exciting piece in American numismatic history, especially its Type II variety, which has grown to be of great interest among collectors because it is a rare occurrence and commands such a high value. This article deeply explores the details that surround this particular coin, inclusive of its design, variations, and why it can attain the value of $10,500.
Background on the Eisenhower Dollar
The Eisenhower dollar, minted in 1971, honors President Dwight D. Eisenhower and is also a commemoration of the Apollo 11 Moon landing. Frank Gasparro designed the coin. On the obverse, an image of Eisenhower is shown while a modified representation of the Apollo 11 mission insignia is on the reverse. Minting continued into 1978. Being copper-nickel clad, it weighs 22.68 grams with a diameter of 38.10 mm.
Understanding the Types of 1972 Eisenhower Dollars
Three types were produced of the 1972-dated Eisenhower dollar series from the U.S. Mint. Type I, Type II, and Type III, each with different minor variations that appear in the design element of the reverse side of the coin, that identifies each type distinctly.
- Type I
- Description: The Type I reverse has geographical inaccuracies with a rounded outline of Florida and poorly defined Caribbean islands.
- Mintage: Approximately 75.89 million.
- Value: Generally lower than the other types; MS65 examples can fetch around $800.
- Type II
- Description: The Type II variety is distinguished by its long, funnel-like depiction of Florida and by less defined Caribbean islands. This version was produced using a proof die, which contributes much to its rarity.
- Mintage: The overall mintage was high, but only an estimated 100,000 coins were made with this reverse die.
- Value: This is one of the more popular types; MS66 examples can sell for as high as $10,500, making it one of the most valuable non-silver coins of the series.
- Type III
- Description: The Type III reverse shows further refinements in design but is not as scarce as the Type II.
- Value: Generally the lowest of all three types – below both Type I and Type II.
Why is Type II so valuable?
A key reason the 1972 Type II Eisenhower dollar commands such a strong market premium is its relative rarity. An estimated 40,000 examples of this issue still exist in a collectible state, and demand far outstrips supply. Collectors seek out uncirculated specimens showing sharp details necessary for proper attribution.
Trends in market and auction records
Overall, the Eisenhower dollar series has shown strong market demand for its high-grade examples. Recent auction records show that MS66 examples of Type II have sold as high as $10,500 due to both rarity and demand by collectors. As a matter of fact, one MS66 example of it realized a value of $14,400 at a notable auction for demonstrating just how competitive the top-tier pieces may become.
Tips for coin enthusiasts
Either to the Eisenhower dollar collector or any specific interest in the 1972 Type II:
- Condition: Look out for the higher grades, as above MS65 the values start to jump significantly.
- Authentication: Ensure any purchase is authenticated by services like PCGS or NGC.
- Research: Keep a watchful eye on the market and the auction results for the sense of today’s value.
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