Q:

How do you determine the value of a 1972 Eisenhower silver dollar?

A:

Quick Answer

The value of a 1972 Eisenhower dollar is determined by its grade, mint mark, the specific nature of the minting process, and the grading agency providing the appraisal. Novice coin collectors should seek out professional grading services for an accurate value.

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Full Answer

In the coin world, the Eisenhower dollar is relatively young and fairly common, but certain stand-out dates and mint marks exist within the series. The 1972 Eisenhower, also known as the Ike, is among these notable coins. However, there are six different varieties of 1972 Ike coins, and only one of these is of exceptional note to a novice collector. The type 2 1972 Ike stands out because it is an anomaly or a fluke in the minting process, resulting in a dulled relief of the Caribbean Islands depicted on the coin. Other coins from that same year can range as low in value as a few dollars, or as high as a few hundred dollars in the case of very exceptional uncirculated coins. Uniquely, the type 2 can reach prices close to $2,000 in the right uncirculated grades. In this case, it is the novelty of an imperfect coin that drives the price up, making it more desirable to specialized collectors.

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