Often referred to as the “Ike” dollar (Ike being the nickname of President Eisenhower), its circulation did not get better in the following years. The new reverse changed significantly, and in place of the Bald Eagle landing on the moon was the Liberty Bell with an image of the moon (with respect to the moon landing in 1969) that can be seen behind the bell in the distance. In 1976, the Eisenhower dollar saw a new reverse in celebration of the U.S. In an unforeseen turn of events, the Eisenhower dollars were used heavily within Nevada casinos, where they were used as private gambling tokens. It is believed this was due to the coin’s weight and bulkiness. Treasury in 1976 found that most Eisenhower dollars were only used in a transaction at all but one time. Though there had seemed to be interest from the public at the release of the new coin, circulation of it quickly came to a standstill.Ī surprising study done by the U.S. The rest of the new Eisenhower dollars became available to the general public via banks on November 1, 1971. The first proof coins that had been purchased in advance by collectors for $10 each were officially distributed on October 14, 1971, President Eisenhowers’ birthday. There would also be a second type of coin meant for business circulation that did not feature any silver at all but rather a copper and nickel composition (75% copper, 25% nickel).

Mint would produce Eisenhower dollar coins composed of a respectable amount of silver (80% silver and 20% copper for the outer layer, 79% copper and 21% silver for the center core) as a collectible commemorative coin.

Ultimately the decision was made that the U.S.

So it was decided that they would issue a $1 coin in tribute to the late president.Īs the decision for this new coin came at the tail end of the Coinage Act of 1965, all decision-makers, regardless of most agreeing to make the coin, were torn as to whether the coin would be made using any silver as was being done with the John F. history, the country paid homage by placing a figurehead on currency, particularly coins. Eisenhower after his death on March 28, 1969. The United States wanted to honor former President and World War 2 general Dwight D. 1972 No Mint Mark Eisenhower Dollar Valueġ972 No Mint Mark Or D Eisenhower Dollar, Type 1ġ972 No Mint Mark or D Eisenhower Dollar, Type 2ġ972 No Mint Mark or D Eisenhower Dollar, Type 3ġ972 “S” Eisenhower Dollar, 40% Silver Press Proofġ972 No Mint Mark Eisenhower Dollar Value Image Credit: pcgs History.

Liberty eisenhower dollar 1972