In this article, we will give you a brief introduction to the Eisenhower Dollar. Then, we will cover what it is, why it was created, and whether or not it’s worth collecting. So without further ado. Let’s get started!
What is Eisenhower Dollar?
Eisenhower Dollar is a one-dollar coin, also known as a Sacagawea Dollar. It was introduced in 1971 and named after the 34th president of the United States, Dwight D. Eisenhower. The design on the obverse side is by John R. Sinnock.
It features an image of former President Eisenhower from behind, looking over his left shoulder into the distance while wearing his military uniform jacket with medals attached. The reverse side has an eagle holding arrows in its talons and an olive branch with thirteen stars above it; some inscriptions read “UNITED STATES OF AMERICA” along with “ONE DOLLAR” at the top rim of this side as well (this was updated slightly in 2004).
A Brief History
The Eisenhower Dollar was minted from 1971 to 1978. It was the first US coin to feature an actual person on it and was named after President Dwight D. Eisenhower. The obverse side of the coin features a portrait of Eisenhower. At the same time, the reverse shows an image of Mount Rushmore, which holds four stone sculptures.
George Washington (the first president), Thomas Jefferson (the third president), Theodore Roosevelt (the 26th president), and Abraham Lincoln (the 16th president). The Eisenhower Dollar comprised 40% copper, 35% silver, and 25% manganese. It weighed 26.5 grams (1 ounce) and had a diameter of 38.1 millimeters (1.5 inches).
Is it Valuable?
The value of an Eisenhower silver dollar is based on the amount of silver it contains. While Eisenhower dollars are not particularly valuable if they’re in circulated condition, they can be worth significant amounts when in uncirculated condition and up to $1,000 or more for proof coins. Suppose you have a circulated coin verified by a third-party grading service, like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation). In that case, you have something worth hundreds—if not thousands—of dollars to sell on eBay or elsewhere online.
Is it Worth it to Collect?
Yes, but only if you want to collect Eisenhower dollars as a hobby. The coins are not particularly valuable, and they do not have any monetary value at all. However, some people like the novelty of collecting coins and enjoy the challenge of finding specific types of coins. Suppose you are interested in teaching your children about money or investing them with an interest in coin collecting. This is an excellent place to start because Eisenhower dollars sell for less than $1 each.
Before you go…
If you’re a coin collector, you’ll want to know if these coins have any value. And the answer is yes! While they may not be worth as much in today’s market, plenty of people still collect them for their nostalgic value. And since you’re one step closer to being an expert numismatist!
Check out my next article: “What is the Best Coin to Start Collecting?“
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