Q:

How can you determine the value of a 1971 silver dollar?

A:

Quick Answer

To determine the value of a 1971 silver dollar, visit a website that specializes in coins, check the value in a coin magazine or have it appraised by an expert. The value of the coin is determined by the condition of the coin and where it was minted.

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Full Answer

The 1971 silver dollar is also known as the Eisenhower dollar. Designed by Frank Gasparro, the profile of the president is on the face of the coin. The reverse of the 1971 coin has an eagle in flight.

The determination of the value of a coin begins with the assessment of the condition and origin of that coin. When a 1971 silver dollar has no mint mark, it was created at the Philadelphia Mint. When there is an (S) designation, it means that the coin was produced at the San Francisco Mint. Only those coins minted in San Francisco contain actual silver. As of 2015, the value to coin collectors of a non-silver coin in fine condition is between $1.50 and $3.00. The Eisenhower 1971 silver dollar bearing the mint stamp for San Francisco is made of 40 percent silver and 60 percent copper, so the melt value is over $5, and collectors may well pay more.

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