The 1974-D Eisenhower Dollar, minted in Denver, is a coin that has intrigued collectors and investors alike. While millions were produced, certain high-grade specimens have fetched impressive sums at auctions, with some selling for over $14,000. Understanding the factors that contribute to such valuations can be both fascinating and rewarding.
History and Mintage
The Eisenhower Dollar series was introduced in 1971 to honor President Dwight D. Eisenhower and commemorate the Apollo 11 moon landing.
The 1974-D variant had a substantial mintage of 45,517,000 coins, making it one of the more common issues in the series. Despite this high production number, coins in exceptional condition are rare and highly sought after by collectors.
Design and Composition
Designed by Frank Gasparro, the obverse features a left-facing portrait of President Eisenhower, while the reverse showcases an eagle landing on the moon, symbolizing the Apollo 11 mission.
The coin is composed of a copper-nickel clad, with 75% copper and 25% nickel, weighing 22.70 grams and measuring 38.50 millimeters in diameter. Its reeded edge is a characteristic feature of this series.
Factors Influencing Value
Several elements contribute to the elevated value of certain 1974-D Eisenhower Dollars:
- Grade: Coins graded MS67 or higher are exceptionally rare. The Professional Coin Grading Service (PCGS) has certified only a few in this grade, making them highly desirable.
- Eye Appeal: Coins with sharp strikes, minimal imperfections, and attractive luster command premium prices.
- Market Demand: The pursuit of high-grade coins by collectors drives up prices, especially for those aiming to complete top-tier registry sets.
Notable Auction Sales
In 2014, a 1974-D Eisenhower Dollar graded MS67+ by PCGS sold for $14,100 at a Heritage Auctions event. More recently, GreatCollections reported a sale of a similar coin for $13,162.50, highlighting the ongoing demand for top-quality specimens.
| Year | Mint Mark | Grade | Auction House | Sale Price |
|---|---|---|---|---|
| 2014 | D | MS67+ | Heritage | $14,100 |
| 2020 | D | MS67+ | GreatCollections | $13,162.50 |
| 2018 | D | MS67 | Stack’s Bowers | $12,000 |
| 2016 | D | MS66+ | Heritage | $9,500 |
Conclusion
While the 1974-D Eisenhower Dollar is common in lower grades, specimens in exceptional condition are rare and can be quite valuable. Collectors should pay close attention to the coin’s grade, eye appeal, and market demand when assessing its potential worth.
Regularly consulting auction results and staying informed about market trends can provide valuable insights for both novice and experienced collectors.
FAQs
The value is primarily influenced by the coin’s grade, with MS67 or higher being particularly rare. Eye appeal, including sharpness of strike and luster, also plays a significant role.
Professional grading services like PCGS or NGC can provide an official grade. It’s advisable to consult with a reputable coin dealer or numismatist for an initial assessment.
No, only those in exceptional condition (MS67 or higher) tend to fetch high prices. Coins in lower grades are generally more common and less valuable.
High-grade coins can be sold through reputable auction houses, coin dealers, or online platforms specializing in numismatics. It’s important to research and choose a trustworthy venue to ensure a fair transaction.
