Dollar coins have long held a special place in American numismatics. Among them, the Eisenhower Dollar and the Peace Dollar stand out for their historical significance, distinctive designs, and collector appeal. While many examples of these coins can be found at modest prices, certain rare issues and varieties have become highly sought after, commanding impressive values in the coin market. This guide explores the top five Eisenhower and Peace Dollar coins that continue to drive collector demand, highlighting their history, rarity, and the factors that make them valuable.
The Legacy of the Eisenhower Dollar
The Eisenhower Dollar was minted from 1971 to 1978, honoring President Dwight D. Eisenhower and commemorating the Apollo 11 moon landing. Designed by Frank Gasparro, the obverse features Eisenhower’s portrait, while the reverse depicts an eagle landing on the moon, inspired by the Apollo 11 mission insignia. Although the coin was not widely used in everyday commerce due to its large size, it remains popular among collectors for its historical connections and silver-clad issues.
The Legacy of the Peace Dollar
The Peace Dollar was introduced in 1921 to celebrate the end of World War I and symbolize peace. Designed by Anthony de Francisci, the obverse features Lady Liberty with a radiant crown, while the reverse shows a perched eagle clutching an olive branch. Minted from 1921 to 1935, the Peace Dollar is admired for its artistry and historical significance. Certain dates and mint marks are especially rare, making them prized additions to collections.
1. 1972 Eisenhower Dollar Type 2 Reverse
One of the most famous Eisenhower Dollar varieties is the 1972 Type 2 reverse. This coin features a modified reverse design with a more detailed depiction of the Earth. Only a small number were struck at the Philadelphia Mint, making them scarce. Collectors value this coin for its rarity and the challenge of distinguishing it from the more common Type 1 and Type 3 reverses. In high grades, the 1972 Type 2 Eisenhower Dollar can command significant premiums.
2. 1976 Bicentennial Eisenhower Dollar in Silver
The United States celebrated its bicentennial in 1976 with special coinage, including the Eisenhower Dollar. The reverse design was changed to feature the Liberty Bell superimposed over the moon. While most bicentennial dollars were copper-nickel clad, a limited number were struck in 40 percent silver for collectors. These silver bicentennial Eisenhower Dollars are highly desirable, especially in proof condition, and remain a popular choice among collectors seeking patriotic and historical coins.
3. 1921 Peace Dollar High Relief
The 1921 Peace Dollar is unique because it was struck in high relief, giving the design greater depth and detail. However, the high relief made the coins difficult to produce, and the design was modified in subsequent years. As the first year of issue and the only high-relief Peace Dollar, the 1921 coin is highly prized. Its combination of rarity, artistry, and historical significance makes it one of the most sought-after Peace Dollars in the series.
4. 1928 Peace Dollar
The 1928 Peace Dollar, minted in Philadelphia, is the lowest-mintage coin of the series, with only 360,649 produced. Its scarcity makes it a key date for collectors. In circulated condition, it is valuable, but in uncirculated grades, it can reach impressive prices. The 1928 Peace Dollar is considered essential for anyone building a complete set, and its rarity ensures strong demand in the numismatic market.
5. 1934-S Peace Dollar
The 1934-S Peace Dollar is another key rarity, especially in higher grades. While over one million were minted, few survive in well-preserved condition. Collectors particularly seek examples with sharp strikes and minimal wear. The 1934-S is often regarded as one of the most challenging coins to acquire in the Peace Dollar series, driving demand and high values at auctions and private sales.
Factors That Influence Value
Several factors contribute to the value of Eisenhower and Peace Dollars. Rarity is the most obvious, with low-mintage coins commanding higher prices. Condition plays a critical role, as coins in uncirculated or proof condition are worth far more than circulated examples. Minting varieties and errors add uniqueness and increase collector interest. Finally, historical significance and strong demand ensure that these coins remain popular in the numismatic market.
Collecting Eisenhower Dollars
Eisenhower Dollars offer collectors a relatively affordable entry point into dollar coin collecting. Many issues are readily available, but varieties like the 1972 Type 2 and silver bicentennial coins provide challenges for advanced collectors. Building a complete set of Eisenhower Dollars is achievable, and the series appeals to those interested in both modern history and space exploration.
Collecting Peace Dollars
Peace Dollars attract collectors who appreciate their artistry and historical symbolism. Key dates like the 1921 high relief, 1928 Philadelphia, and 1934-S are essential for serious collections. Many collectors aim to assemble complete sets, while others focus on acquiring high-grade examples or prooflike coins. The Peace Dollar series offers both beauty and rarity, making it a cornerstone of American numismatics.
Investment Potential
Both Eisenhower and Peace Dollars offer investment potential due to their rarity and collector demand. While silver content adds intrinsic value, the true worth of these coins lies in their historical significance and scarcity. Rare dates and varieties often appreciate over time, making them attractive to investors. However, coin investing requires knowledge and patience, and collectors should focus on quality and authenticity rather than speculation alone.
Key Highlights
- Eisenhower Dollars were minted from 1971 to 1978, with notable varieties like the 1972 Type 2 and silver bicentennial issues
- Peace Dollars were minted from 1921 to 1935, symbolizing peace after World War I
- Rare Peace Dollars include the 1921 high relief, 1928 Philadelphia, and 1934-S issues
- Condition, rarity, and minting varieties significantly influence coin values
- Both series offer historical significance, collector appeal, and investment potential
Final Words
Eisenhower and Peace Dollars are more than just coins; they are symbols of American history and artistry. From the patriotic bicentennial issues to the elegant high-relief Peace Dollar, these coins capture moments of national pride and resilience. Collectors cherish them not only for their monetary value but also for the stories they tell. Whether you are a beginner seeking affordable examples or an advanced collector pursuing rare varieties, Eisenhower and Peace Dollars offer a rewarding journey into numismatics. Their enduring popularity ensures that they will continue to drive collector demand for generations to come.