1971-D Eisenhower Dollar: High-Grade Coins Fetching Over $900 Discovered by Collectors

The 1971-D Eisenhower Dollar, minted at the Denver Mint, has become a sought-after coin for collectors due to its historical significance and potential high value in pristine condition.

While most of these coins are worth just a few dollars, high-grade examples graded MS67 by NGC or PCGS have recently been discovered, fetching prices upwards of $900. This article delves into the details, values, and factors that make this coin so valuable to collectors.

History and Background

The Eisenhower Dollar was first minted in 1971 to honor President Dwight D. Eisenhower and the Apollo 11 moon landing. It was the first dollar coin produced by the U.S. Mint since the Peace Dollar was discontinued in 1935 and was the last large-sized dollar coin intended for circulation.

The 1971-D coin is part of the series minted from 1971 to 1978, primarily composed of copper-nickel clad but also available in a 40% silver composition for collector editions.

Rarity and Value

Most 1971-D Eisenhower Dollars are valued between $2 and $65, depending on their condition. However, the coins that achieve the coveted MS67 grade are extremely rare and command much higher prices.

The reason for this rarity is due to the large, heavy design of the coin, making it prone to surface imperfections during the minting and transportation processes. Out of the 68,587,424 coins minted, only 53 have been graded MS67 by NGC and 39 by PCGS, with no higher grades known to exist.

Why High-Grade 1971-D Eisenhower Dollars are Valuable

1. Population Rarity: The rarity of the coin in MS67 condition significantly drives up its value. With such a low number of coins achieving this grade, it becomes a must-have for serious collectors.
2. Condition Sensitivity: Eisenhower Dollars are notoriously difficult to find in high grades due to their large surface area, which is more susceptible to scratches and contact marks.
3. Market Demand: There is a growing demand for high-quality Eisenhower Dollars as collectors seek to complete their sets with the finest examples available.

Recent Market Trends

Recently, a 1971-D Eisenhower Dollar in MS67 condition was sold for approximately $900 at an auction. The coin’s value can vary slightly depending on its eye appeal and the auction house, but high-grade specimens consistently achieve prices between $850 and $900. The value of this coin has appreciated over time, making it a potential investment piece for collectors.

1971-D Eisenhower Dollar Values by Grade

Grade	Estimated Value	Population (PCGS/NGC)	Rarity
MS60	$2.15 – $4.00	Common	Common
MS63	$6.00 – $15.00	Common	Common
MS65	$25.00 – $65.00	Moderate	Scarce
MS66	$75.00 – $250.00	200+	Rare
MS67	$850.00 – $900.00	39 (PCGS) / 53 (NGC)	Extremely Rare

Tips for Collectors

1. Look for Uncirculated Coins: Coins in uncirculated condition have a higher chance of being in mint state, potentially reaching high grades.
2. Avoid Contact Marks: Inspect the coin closely for any scratches, nicks, or marks. Pristine surfaces are essential for achieving an MS67 grade.
3. Consider Professional Grading: Have your coin graded by a reputable service like NGC or PCGS to authenticate its condition and increase its market value.

Conclusion

The 1971-D Eisenhower Dollar is a valuable piece of American numismatic history, especially in high grades. With prices reaching up to $900 for MS67 examples, these coins are a testament to the growing appreciation for modern U.S. coinage.

Collectors looking to add these rare coins to their collections should be prepared to pay a premium for coins in top condition, as their value is likely to continue rising.

FAQs

References

• Greensheet