Coinflation: Eisenhower dollar intrinsic value and coin price
 
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1971-1978 Eisenhower Dollar Melt Value

1971 - 1978 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, 1977-1978: 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:91.67% copper, 8.33% nickel
Total Weight:22.68 grams
Comments:This was the first dollar coin released for general circulation not made of silver. [ ? ]



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CALCULATING TODAY'S MELT VALUE (USD)
Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:
 
 $3.3861  =copper price / pound on Mar 09, 2010.
.9167  =copper %
$10.0471  =nickel price / pound on Mar 09, 2010.
.0833  =nickel %
22.68  =total weight in grams
.00220462262  =pound/gram conversion factor (see note directly below)


The NYMEX uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams.



1. Calculate 91.67% copper value :

    (3.3861 × .00220462262 × 22.68 × .9167)  =  $0.1552022


2. Calculate 8.33% nickel value :

    (10.0471 × .00220462262 × 22.68 × .0833)  =  $0.0418452


3. Add the two together :

    $0.1552022 + $0.0418452 = $0.1970474




$0.1970474 is the melt value for the 1971-1978 Eisenhower dollar on March 09, 2010.



  ← Calculate the value of your own coins.


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
197147,799,000$1.00 - $10.00
1971 D68,587,424$1.00 - $10.00
197275,890,000$1.00 - $10.00
1972 D92,548,511$1.00 - $10.00
19732,000,056$4.00 - $20.00
1973 D2,000,000$4.00 - $20.00
197427,366,000$1.00 - $10.00
1974 D45,517,000$1.00 - $10.00
1776-1976117,337,000$1.00 - $25.00
1776-1976 D103,228,274$1.00 - $25.00
197712,596,000$1.00 - $15.00
1977 D32,983,006$1.00 - $15.00
197825,702,000$1.00 - $15.00
1978 D33,012,890$1.00 - $15.00

If you think a coin should be added/subtracted, please send an email.
If you're interested in learning more about grading coins, Photograde is an excellent resource.


EBAY AUCTIONS - EISENHOWER DOLLARS
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.

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



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

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






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