PCGS - The 1978
Eisenhower dollars may be common coins in the eyes of many coin collectors, but they really represent much more than may immediately meet the eye. They not only symbolize an important moment in American numismatics, but some 1978
Ike dollars are deceivingly rare, with a few certain choice specimens commanding impressive four-figure prices.
Ike Dollar, 1978-S $1, DCAM, PCGS PR70DCAMThe Last Old-Fashioned Dollar CoinsTraditional circulating dollar coins - the large, bulky United States types that measure wider than 38 millimeters in diameter and tip the scales at well over 20 grams a pop - didn't go out with the last official
Peace dollar in 1935. These American classics took their final curtain call in 1978, with the end of the
Eisenhower dollar series. And, in many respects,
Ike dollars, which were in production from 1971 through 1978, bridge the gap between the classic silver dollars that were struck through the early 20th century and the modern dollar coins that are still made today.
When the
Eisenhower dollar came on the scene in 1971, circulating specimens were produced from the base-metal copper-nickel clad format that became en vouge with lower-denomination coinage since 1965. Yet, the United States Mint made limited numbers of
Eisenhower dollars in a 40% silver clad composition echoing the precious-metal origins of the earlier dollar coins. The last of these 40% silver
Ike dollars are dated 1776-1976, having been struck during the nation's gala Bicentennial celebrations.
However, the release of the last large-size circulating dollar coins in 1978 truly put a bookend on the conventional dollar coins of heavier weight and girth. In October 1978, President Jimmy Carter signed the
Susan B. Anthony dollar into law; numismatists at that time were well aware that year's crop of
Eisenhower dollars, still rolling off the press in their waning days of late 1978, were to be the last coins of their kind.
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Posted 03/08/2021 2:18 pm
