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1971-1974, 1976 Eisenhower Ike Silver Dollar Melt Value

1971-1974, 1976 Silver Eisenhower Dollar Value (United States)


U.S. MINT SPECIFICATIONS
Denomination:$1.00
Obverse Image:Dwight D. Eisenhower, 34th President of the United States.
Reverse Image:1971-1974: Eagle flying over the moon holding an olive branch; tribute to the Apollo 11 mission.
1975-1976: Bicentennial design with the Liberty Bell in front of the moon (all were dated 1776-1976).
Metal Composition:40% silver, 60% copper
Total Weight:24.59 grams
Comments:All of the silver "Ike" coins were minted at the San Francisco Mint in 1971, 1972, 1973, 1974, and 1976. These coins were either uncirculated or proof. Uncirculated coins came in cellophane with a blue plastic token in a blue envelope. Proof issues came in a proof set-like plastic case in a fancy brown wood colored box with a gold seal on back. The uncirculated coins are referred to as 'Blue Ikes' and the proofs as 'Brown Ikes'. Coins minted in 1975 and 1976 for the Bicentennial come with the quarter and the half dollar of that year. The uncirculated coins were sold by the Mint for three dollars; the proof version for ten dollars. Two varieties of the dollar were produced in 1976 and can be distinguished by the thickness of the lettering. [ ? ]

I'm begging you, read the preceding paragraph again. For the love of everything holy, read every word. If you typed "silver Eisenhower dollar value" in your search engine, you may end up here, but it does not mean your coin has any silver in it. Most Eisenhower dollars don't, especially if it's worn and circulated. The best way to distinguish the two versions is by weight. The copper-nickel version weighs 22.68 grams, the silver Ike dollar weighs 24.59 grams. Please visit the clad version of the Eisenhower Dollar page if you have a circulated, worn dollar.


    
CALCULATING TODAY'S MELT VALUE (USD)
Using the live silver price and the specifications above, these are the numbers required to calculate melt value:
 
 $16.91  =silver price / ounce on Sep 30, 2014.
.40  =silver %
 $3.0385  =copper price / pound on Sep 30, 2014.
.60  =copper %
24.59  =total weight in grams
.0321407466  =ounce/gram conversion factor
.00220462262  =pound/gram conversion factor (see note directly below)


The CME uses pounds to price copper and that means we need to multiply the metal price by .00220462262 to make the conversion to grams. The silver price is based in troy ounces and that means we need to multiply the metal price by .0321507466 to make the conversion to grams.



1. Calculate 40% silver value :

    (16.91 × .0321507466 × 24.59 × .40)  =  $5.3475275845


$5.3475 is the rounded silver value for the 1971-1974, 1976 silver Eisenhower dollar on September 30, 2014. This is usually the value used by coin dealers when selling these coins at melt value. However, the total melt value is continued below.



2. Calculate 60% copper value :

    (3.0385 × .00220462262 × 24.59 × .60)  =  $0.0988322


3. Add the two together :

    $5.3475275845 + $0.0988322 = $5.4463597845




$5.4463597845 is the total melt value for the 1971-1974, 1976 silver Eisenhower "Ike" dollar on September 30, 2014. However, please keep in mind, silver Eisenhower dollars were issued as a collectible only and are not generally found in circulation. I cannot stress this enough. The silver Ike dollar weighs 24.59 grams, the more common clad-version weighs 22.68 grams.



  ← Calculate coin worth using your own quantity and silver price values.




MINTAGE AND COLLECTIBLE VALUE (USD)
The "Year" column lists the year and mint mark on the coin -- D is for Denver, S is for San Francisco, and P is for Philadelphia. A coin without a mint mark means it was also minted in Philadelphia. The "Mintage" column is the number of coins struck and released by the U.S. Mint. The "Numismatic Value Range" column represents what people typically pay for that type of coin (usually a very wide price range depending on the condition).

YearMintageNumismatic Value Range
1976 S4,908,319$10.00 - $35.00

If you're interested in learning more about grading coins, Photograde is an excellent resource.


EBAY AUCTIONS - SILVER EISENHOWER DOLLARS ONLY
I believe that the old saying, "A coin is only worth what someone will pay for it," is absolutely true. I prefer eBay because it displays what people are actually paying for coins. Monthly coin price magazines and online price lists may not reflect current market conditions because they don't demonstrate what people are actually willing to pay.

Please keep in mind that some eBay sellers mistakenly identify their Eisenhower dollars as silver, when clearly they are not.

View all silver Eisenhower dollar auctions or those with the least time left (below).



CHARTS
Long-term metal price charts for the silver Eisenhower dollar:

     [Most Recent Quotes from www.kitco.com]      [Most Recent Quotes from www.kitco.com]





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