1978 us dollar coin

Its size, weight and luster set it apart from modern versions.

The United States Mint recognized that the large size of the one dollar coin was suboptimal if the coin was to see widespread circulation and acceptance in vending machines. The Eisenhower dollar measured By , the Mint had come to realize that producing half dollars in silver was a mistake. That same bill called for the half dollar to be struck in copper-nickel as well. True, casino interests found the coins an ideal replacement for the silver dollars that once poured into their slot machines, but for the rest of America, the Eisenhower dollar was a novelty coin at best, and a government boondoggle at worst. By the summer of , work was well underway to rethink the future of American coinage. In its Comprehensive Review of U.

1978 us dollar coin

The Eisenhower dollar is a one-dollar coin issued by the United States Mint from to ; it was the first coin of that denomination issued by the Mint since the Peace dollar series ended in The coin depicts President Dwight D. Eisenhower on the obverse , and a stylized image honoring the Apollo 11 Moon mission on the reverse. Both sides were designed by Frank Gasparro , with the reverse based on the mission patch designed by astronaut Michael Collins. It is the only large-size U. In , because of rises in bullion prices, the Mint began to strike copper-nickel clad coins instead of silver. No dollar coins had been issued for thirty years, but, beginning in , legislators sought to reintroduce a dollar coin into commerce. After Eisenhower died that March, there were a number of proposals to honor him with the new coin. On December 31, , President Richard Nixon , who had served as vice president under Eisenhower, signed legislation authorizing mintage of the new coin. There are no dollar coins dated ; coins struck that year and from bear the double date —, and a special reverse by Dennis R. Williams in honor of the bicentennial of American independence. Beginning in , the Mint sought to replace the cumbersome Eisenhower dollar with a smaller-sized coin.

The Eisenhower dollar was crafted with a copper core.

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The era of the big dollar coin was already coming to a close when the United States Mint struck the last 59,, Eisenhower dollar coins for circulation at the Denver and Philadelphia mints. Denver had the honor of striking slightly more, and as had been the case through the entire series, struck them better than the coin operators at the mother mint. The copper-nickel clad large dollar came into existence in as a memorial to the recently passed and beloved war-hero-turned President Dwight D. The high came during the American Bicentennial year of at the Philadelphia Mint. The low came from the emission, where coins were struck for the annual Mint Set although at least one bag of coins has been reported as having been released into the wild. It is by all accounts a typical issue from this late-modern-era U. None were struck in silver. In average circulated condition, retail prices are only a few cents higher than face value. Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam.

1978 us dollar coin

Eisenhower dollars were minted from through and designed by Frank Gasparro. The Eisenhower dollar symbolizes at least two numismatically significant elements, being the first dollar coin minted during the copper-nickel clad era which began in and the last regularly issued dollar coin with physical dimensions approximating the traditional silver dollars of earlier times. In and , all Eisenhower dollars honored the nation? The bicentennial design, by Dennis R. Williams, was replaced in with the coin? While hundreds of millions of Eisenhower dollars were made, copper-nickel clad business-strike specimens grading MS65 or better are remarkably scarce.

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Dwight D. But for silver dollars , the big jump in rarity — and hence value — comes between mint state MS 66 and That sketch served as the basis of his design for the obverse. After the Mint obtained better steel for dies, the serifs returned for all of the remaining non-Bicentennial coinage, from all mints, though the leg of the R was shortened, and also for the Type II Bicentennial the Type I lacks serifs on the R. Bowers deems the choice of the lunar landing "a stroke of genius," allowing the dollar, which would be little-used in commerce, to be a commemorative both of Eisenhower and of the Moon mission. It was the most technically challenging coin ever attempted CAC-approved coins, especially those of extraordinary quality for the grade, will bring substantial premiums over these guide values. Circulation strikes: [95]. Billon x Bronze —, patterns struck in On May 24, one day before a hastily called congressional hearing, Adams announced that the pieces were deemed trial strikes, never intended for circulation. These provisions would become part of the enacted bill authorizing the Eisenhower dollar. He declined to question the origin then, fearing it might be seized and, therefore, not available to numismatists.

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Very occasionally a planchet — the metal disc on which the coin is struck — is defective. Casey introduced legislation to honor both Eisenhower and the recent Apollo 11 Moon landing. The hand punching method means that the mint mark on silver dollars appears in slightly different places in different coins. On Eisenhower dollars, mintmarks were hand-punched and may vary in exact location and orientation. In other projects. But at present, the best quality coins known from either Denver or Philadelphia are graded MS Although the compromise passed the Senate in March , [21] it was blocked in the House by Representative Patman, who was determined to end silver in the coinage. Then, in March , former president Dwight D. The United States Mint recognized that the large size of the one dollar coin was suboptimal if the coin was to see widespread circulation and acceptance in vending machines. The coin depicts President Dwight D.