even though the United States had no veridical need for a boastfully dollar coin at the start of the 1970s, the bet on industry developed an acute need to find a substitution for the flatware dollars it used to feed tens of thousands of slot machines. This “ indigence ”, and the recent legislate of beloved war-hero-turned-President Dwight D. Eisenhower, presented Congress with an opportunity to cater to the needs of the industry. While United States Mint Director Mary Brooks lobbied for the coin to be struck in silver, Congress alternatively chose to strike the coin for circulation in the like copper-nickel ( Cu-Ni ) dress constitution in use for the dime bag and quarter dollar. In a compromise, silver-clad versions were authorized to be struck and sold to collectors .
Signed into law by President Richard M. Nixon ( once Eisenhower ’ randomness Vice President ) on December 31, 1970, the Bank Holding Company Act Amendments of 1970 authorized the production of the coin .
( incidentally, the amendments besides authorized the General Services Administration (GSA) to sell 2.8 million Carson City Morgan dollars from the vaults of the United States Treasury. )
Reading: United States 1973 Eisenhower Dollar
production totals of Eisenhower dollars for the first two years of the series were enormous : a compound 116.38 million circulation strike coins in 1971 and a compound 168.44 million circulation strikes in 1972. While there was a good consider of collector enthusiasm for the Ike dollar, there was no hardheaded necessitate to circulate the big clothed dollar coin .
In 1973, the Mint decided to forego assume extra dollar coins for circulation and alternatively produced two million from each mint for the purposes of inclusion in the annual Mint Set. Without the benefit of this explanation, it is easy to look at the mintages for each exit in the series and consider the 1973-P and the 1973-D as “ identify dates ”. They are not. much scarce in Mint State are the Philadelphia issues of 1971 and 1972, with the 1972 Type 2 reverse being the scarcest of all business hit coins in the series .
The 1973 (P) Eisenhower Dollar in Today’s Market
In Mint State 65, the 1973 ( P ) carries a retail price of about $ 25 according to CoinWeek IQ’s stream marketplace analytics. This low price does not reflect the difficulty in cherrypicking Gem-quality Eisenhower dollars of this issue in the fantastic. The quality of coins in mint sets varies dramatically and Choice Uncirculated examples ( MS63 ) are not uncommon. In MS66, the 1973 ( P ) sells in two strata. For non-CAC certify examples, MS66 coins realize between $ 200- $ 250 at auction. A high-quality specimen in MS66 with CAC approval can bring prices in excess of $ 450 .
up until very recently, MS66 was the top pop grade for Eisenhower dollars. Since 2016, a handful of examples have been certified at MS66+. The record price paid for one at public auction was $ 7,637.50 from the Sonoran Monsoon Collection, which was built by former Navajo President Joe Shirley, Jr. Shirley built an impressive solicitation of U.S. dollar coins, but the quality of his top crop up Ike dollars was surpassed by coins assembled by at least three rival collectors : Wang, Weaver, and Oskam .
The finest exemplar that exists, according to our census, is the Sego-Weaver specimen, a CAC-approved MS66+ coin with plus eye attract and fantastic tone. That coin was sold as part of a collection in 2017 in a Private Treaty sale .
Gasparro’s portrait of Dwight D. Eisenhower ( as President ) ; Eisenhower confront to the left. Designer Frank Gasparro’s initials “ FG ” appear raised in the female chest shortness. Beneath Eisenhower ’ s chin, to the leave, is the motto “ IN GOD WE TRUST ” LIBERTY wraps around the clear of the mint in the space between the rim and the top of Eisenhower ’ second head. The date wraps around the penetrate of the design, between the rim and the bottom of Eisenhower ’ sulfur broke truncation. While Philadelphia-struck pieces bear no mintmark, coins struck at Denver and San Francisco will bear modest mintmarks of “ D ” or “ S ” above the space between the final two digits of the date. On Eisenhower dollars, mintmarks were hand-punched and may vary in exact location and orientation .
The overrule is based on Michael Collins’ Apollo 11 Mission Patch design .
In the center field, a bald eagle in lineage. In its talons, an olive branch. Its leftist is raised. The lunar surface lies below. Above the eagle ’ sulfur head is a depiction of the Earth. North America is prominently visible. Wrapping around the acme of the coin adjacent to the rim is the caption “ UNITED STATES OF AMERICA ”. Thirteen little five-point stars circle around the eagle. Below the closed chain of stars but above the eagle is the motto “ E PLURIBUS UNUM ”. Wrapping around the bottom of the design is the denomination “ ONE DOLLAR ” .
The border of the 1973 Eisenhower dollar is reeded.
Frank Gasparro was a friend to numismatists and served as Chief Engraver of the United States Mint from 1965 to 1981 ( View Designer ’ s Profile ).
|Year Of Issue:||1973|
|Mint Mark:||None (Philadelphia)|
|OBV Designer||Frank Gasparro|
|REV Designer||Frank Gasparro | Michael Collins|