Tag Archives: 1976 Eisenhower Dollar

Types I, II of Popular Coins

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On occasion, the U.S. Mint halts production and redesigns a coin for a variety of reasons, from die flaws to artistic opinion. Hobbyists often collect all types of a given series, especially in popular denominations. They also know which type is more valuable.

We’ll do that here.

1913 Types I & II Buffalo Nickel

A few months after its release, the Mint noticed that the reverse denomination “FIVE CENTS” was wearing down too to quickly. The mound gave it no protection.

Later in the year the Mint changed the design and created a recess below the buffalo, thereby extending the life of the denomination.

As for value, 1913 Type I at MS63 retails for about $110; 1913-D, $200; 1913-S, $350. Type II values are greater, again at MS63: 1913, $150; 1913-D, $450; 1913-S, $1,575.

The challenge for hobbyists is assembling a mint state set of all six mints.

1942 Types I and II, Jefferson Nickel

The reason for two types of 1942 nickels had nothing to do with the design; it had to do with the metal. The Mint produced Type 1 with a regular nickel composition, and Type 2, considered a “wartime” nickel, with a silver alloy to conserve nickel for the war effort. To distinguish Type I from Type II, the Mint added a “P” mintmark on the reverse.

Most hobbyists are fond of Type II because of the silver; but retail values at MS65 for both coins are about $50.

1917 Types I & II Standing Liberty Quarter

The 1917 Standing Liberty Quarter design featured Lady Liberty with a bare breast on the obverse. Some say the public thought the display was indecent. So the coin was redesigned, covering up the naked breast with chain mail.

The Mint also changed the reverse, moving three stars from the rim to below the eagle.

As for value, the 1917 Type I in MS63 retails for $475; 1917-D, $625; and 1917-S, $650. Type II values at MS 63 are $360, 1917; $575, 1917-D; and $600, 1917-S.

1976 Eisenhower Dollar, Types I and II

The 1976 dollar is not the only year of different types in the series. You can read about 1972, Types I, II and III, by clicking here.

The Bicentennial Dollar had a one-year reverse design, featuring the Liberty Bell in front of the moon. Later in the year the Mint decided to change the font from a thicker lettering to a thinner one.

Because of weaker strikes, Type 1 is considered the more valuable coin, meaning any high mint state example is scarce. Values for Type I, P and D, range from $100-$200; Type II, P and D, from $50-$100.

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Eisenhower Dollar Varieties and Values

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In 1972, three was the charm in designing the Eisenhower dollar, all focused on how to display four countries—Cuba, Jamaica, Haiti and the Dominican Republic—off shore south of Florida on the tiny rounded world device featured on the reverse.

Here is a visual depiction of Types 1, 2 and 3, compliments PCGS CoinFacts:

Keep in mind as we review the types that the round small design is meant to depict earth as seen from the surface of the moon.

After production began, quality control officials noticed the misplacement of Jamaica on the map. It appears south of Florida rather than southeast.

Because of poor strikes, a Type 1 in MS65 is relatively rare with a value of about $100. The price triples in MS65+. In MS66, the coin is an ultra rarity worth about $3,500. In MS66+, with only two slabbed by PCGS, the price rises to $11,500.

Type 2 ran into additional problem. This variety was struck from one known reverse die before production ceased. Again, it concerned the map.

As you can see, the islands are flat and indistinguishable from each other, almost looking like a lamination error below Florida.

The US Mint estimates some 40,000 Type 2 coins were released to the public, making this the key date and most desired variety of the series. Most strikes were weak, adding to value in higher mint state. Retail prices range from $1,500 in MS65 and $2,500 in MS65+. MS66 is an ultra rarity worth $10,000. No Type 2 coin has been graded higher than MS66+, with only two reported by PCGS.

The Mint finally got it right with Type 3, as far as strike was concerned, with Jamaica still a tad off kilter but at least distinguishable.

Type 3 values are a bit lower than Type 1 values with MS65 selling for less than $100 and MS65+ for about $250. In MS66, the price rises to $1,375. In MS66+, the few coins at that level go for about $6,000.

We get two more varieties of the Eisenhower dollar in Bicentennial issues. These coins carry the date 1976 but were struck in 1975.

PCGS CoinFacts shows the difference in design:

The thick lettering seems out of place. It was almost as if the Mint adopted a “design as you go” production that year. The font used for Type 2 is thinner and sharper. Both designs also appear on the 1976-D Bicentennial issues.

Hobbyists search for the Type 1 from the Philadelphia mint as only 4,019,000 were struck. In gem MS65, these retail for $120. Values rise to $600 at MS65+; $1,900, MS66; and $7,250, MS66+.

Values for Type 2, Philadelphia, with a mintage of 113,318,000, are less than $100 for MS65-66. This coin at MS66+ retails for $1,150 and at MS67, $2,600.

Mintages rise again with Denver Bicentennial Ikes. The Mint produced 21,048,710 of Type I, with values less than $200 in MS65-66. Only at MS66+ do prices rise to $900, with $9,500 at MS67.

The Denver facility produced 82,179,564 Type II dollars. Values are less than $100 for MS65-66; $435, MS66+; and $2,750, MS67.

Despite design issues, the Eisenhower dollar is a nifty challenge for beginning hobbyists. All issues and types are readily available, although often in lower mint states. Also, 1971-S through 1974-S and 1976-S are available in 40% silver.If you like posts like this, please subscribe so you can get our weekly newsletter and be informed whenever there is a new article or column.

If you like posts like this, please use the subscribe so you can be informed whenever there is a new article or column.

Proxiblog also has thousands of followers on Facebook Coin Groups, YouTube and social media. To get the latest discussion and commentaries, click here.

You can find more information about errors and varieties as well as buying and bidding on coins in Coin News Updated: The Essential Guide to Online Bidding. Please consider purchasing the work for yourself or a friend, as it underwrites this hobbyist website. Thank you.