1972-S PROOF EISENHOWER IKE SILVER DOLLAR Original Brown Box Packaged by US Mint
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1972-S PROOF EISENHOWER IKE SILVER DOLLAR Original Brown Box Packaged by US Mint:
$20.00
Item: i46153
Authentic Coin of:
United States of America
Eisenhower Dollar
38.1mm and circa 22.68 grams
Copper-Nickel Issue .750 copper, .250 nickel, .250 nickel bonded to inner core of pure copper
LIBERTY IN GOD WE TRUST 1972 , Head of President Eisenhower left.
UNITED STATES OF AMERICA E PLURIBUS UNUM ONE DOLLAR, Eagle with open wings flying left, landing with olive branch in its talons on the moon; 13 five-pointed stars around and planet earth in left upper field which features the North and South American continent.
This coin commemorates President Eisenhower and also the first man landing on the moon. Designed by Chief Engraver Frank Gasparro. His initials are on the truncation of Eisenhower\'s head and below the eagle.
The Apollo 11 mission insignia served as the basis of the Eisenhower dollar\'s reverse.
You are offerding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity.
The Eisenhower dollar is a one-dollar coin issued by theUnited States Mint from 1971 to 1978; it was the first coin of that denomination issued by the Mint since thePeace dollar series ended in 1935. The coin depictsGeneral andPresidentDwight D. Eisenhower, who appears on theobverse. Both its obverse and reverse were designed byFrank Gasparro.
In 1965, the Mint had begun to strike copper-nickel clad coins instead of silver, due to rises in bullion prices. No dollar coins had been struck in thirty years, and none, initially, were minted in the new metal. Beginning in 1969, legislators sought to reintroduce a dollar coin into commerce. After Eisenhower died in March of that year, there were a number of proposals to honor Eisenhower with the new coin. While these bills generally commanded wide support, enactment was delayed by a dispute over whether the new coin should be in base metal or 40% silver. In 1970, a compromise was reached to strike the Eisenhower dollar in base metal for circulation, and in 40% silver as a collectible. PresidentRichard Nixon signed legislation authorizing the new coin on December 31, 1970.
Although the collector\'s pieces sold well, the new dollars failed to circulate to any degree, except in and around Nevada casinos, where they took the place of privately issued tokens. There are no dollars dated 1975; coins from that year and from 1976 bear a double date 1776-1976, and a special reverse by Dennis R. Williams in honor of the bicentennial of American independence. Beginning in 1977, the Mint sought to replace the Eisenhower dollar with a smaller-sized piece. Congress authorized theSusan B. Anthony dollar, struck beginning in 1979, but that piece also failed to circulate. Due to their modest cost and the short length of the series, sets of Eisenhower dollars are becoming more popular among collectors.
Background Further information: Peace dollar § Striking of 1964-D dollarsThe silver dollar had never been a popular coin, circulating little except in the West; it served as a means of monetizing metal and generally sat in bank vaults once struck. ThePeace dollar, the last circulating dollar made of silver, was not struck after 1935, and in most years in the quarter century after that, the bullion value of a silver dollar did not exceed 70 cents. In the early 1960s, though, silver prices rose, and the huge stocks of silver dollars in the hands of banks and the government were obtained by the public through the redemption ofsilver certificates. This caused shortages of silver dollars in the western states where the pieces circulated, and interests there sought the issuance of more dollars.
On August 3, 1964, Congress passed legislation providing for the striking of 45,000,000silver dollars. This legislation was enacted as coins vanished from circulation as the price of silver rose past the $1.29 per ounce at which silver coins were worth more as bullion than as currency. The new pieces were intended to be used at Nevada casinos and elsewhere in the West where \"hard money\" was popular. Numismatic periodicals complained that striking the dollars was a waste of resources. The law had been passed at the urging of theSenate Majority Leader,Mike Mansfield (Democrat–Montana), who represented a state that heavily used silver dollars. Despite the efforts of Mint Director Eva Adams and her staff to persuade him, Senator Mansfield refused to consider any cancellation or delay and on May 12, 1965, the Denver Mint began striking 1964-D Peace dollars—the Mint had obtained congressional authorization to continue striking 1964-dated coins into 1965.
A public announcement of the new pieces was made on May 15, 1965, to be met with a storm of objections. Both the public and many congressmen saw the issue as a poor use of Mint resources at a time of severe coin shortages, which would only benefit coin dealers. On May 24, one day before a hastily called congressional hearing, Adams announced that the pieces were deemed trial strikes, never intended for circulation. The Mint later stated that 316,076 pieces had been struck; all were reported melted amid heavy security. To ensure that there would be no repetition, Congress inserted a provision in theCoinage Act of 1965 forofferding the coinage of silver dollars for five years. That act also removed silver from the dime and quarter, and reduced the silver content of the half dollar to 40%.
Inception An unofficially produced 1964-D Peace dollar, struck over a genuine silver dollar by a private mintIn 1969,Nixon administration Mint DirectorMary Brooks sought the reissuance of the dollar coin. By this time, rising bullion prices threatened the continued use of silver in theKennedy half dollar, but Brooks hoped to maintain the dollar as a silver coin. Brooks\' proposal for a new silver dollar was opposed by the chairman of the House Banking Committee,Wright Patman, who had been convinced by Nixon\'s predecessor,Lyndon Johnson, to support the continued use of silver in the half dollar against his better judgment.
On March 28, 1969, former presidentDwight D. Eisenhower (nicknamed \"Ike\"), a former World War II general, died. Soon after his death, New Jersey RepresentativeFlorence Dwyer, like Eisenhower a Republican, suggested that the proposed dollar coin bear his likeness. She spoke to Democratic Missouri RepresentativeLeonor Sullivan, who agreed that the dollar should bear a portrait of Eisenhower as \"equal time\" to the half dollar, which bore the likeness of Democratic presidentKennedy. A bill was filed by Connecticut CongressmanRobert N. Giaimo to authorize an Eisenhower dollar, to be struck without silver content. TheJoint Commission on the Coinage, drawing members from the administration and from Congress, including Giaimo, recommended the dollar in spring 1969. It also called for the elimination of silver from the half dollar, and for the transfer from the Treasury to theGeneral Services Administration (GSA) of quantities of rare silver dollars, so they could be sold. Giaimo noted that the coin would be useful in casinos, which were striking their own tokens in the absence of circulating dollar coins, and in the vending industry, which was starting to sell higher-priced items.
On October 3, 1969, the House Banking Committee passed legislation for a silverless Eisenhower dollar, with Patman stating that he hoped to have it approved by the full House in time for the late president\'s birthday on October 14. On October 6, the bill\'s sponsors lost a procedural vote which would have allowed for no amendments. While some representatives spoke against the manner in which the legislation was to be considered, Iowa CongressmanH. R. Gross objected to the base-metal composition of the proposed coin: \"You would be doing the memory of President Eisenhower no favor to mint a dollar made perhaps of scrap metal.\" Both houses voted on October 14, Eisenhower\'s birthday. Although the House passed the administration-backed bill for a base metal dollar, the Senate passed the bill as amended by Colorado SenatorPeter Dominick, calling for the piece to be minted in 40% silver. Instrumental in the passage of the Senate amendment was a letter from Mamie Eisenhower, recalling that her husband had liked to give silver dollars as mementoes, and had gone to some effort to obtain coins struck in the year of his birth, 1890. Idaho SenatorJames McClure stated, \"It is somehow beneath the dignity of a great president like General Eisenhower to withhold silver from the coin.\" On October 29, 1969, Texas RepresentativeRobert R. Casey introduced legislation to honor both Eisenhower and the recentApollo XIMoon landing. These provisions would become part of the enacted bill authorizing the Eisenhower dollar. Casey originally wanted the mission theme of Apollo XI, \"We came in peace for all mankind\" to appear on the coin; when the Mint informed him there was not room for that inscription, he settled for requiring that the reverse design be emblematic of that theme.
In March 1970, the two houses reached a compromise whereby 150 million dollars would be struck in the 40% silver alloy for collectors and others. The circulating dollar, though, would have no silver and would be struck in larger quantities. The 47.4 million troy ounces of silver needed to strike the collectors\' pieces would come from bullion already held by the government. The compromise was worked out by McClure and other congressional Republicans, with the aid of Brooks, an Idahoan. McClure described the deal as \"a lot less than the country deserves, but a lot more than it appeared we would get\". The reason for having a collector\'s edition with silver was to avoid the hoarding which had driven the Kennedy half dollar from circulation.
Although the compromise passed the Senate in March 1970, it was blocked in the House by Representative Patman, who was determined to end silver in the coinage. The Senate passed the bill again in September, this time attaching it as arider to a bank holding company bill sought by Patman. The bill, which also included provisions to eliminate silver from the half dollar and to transfer the rare silver dollars to the GSA, was approved by aconference committee and passed both houses. Nixon had intended to let the bill pass into law without his signature. When aides realized that as Congress had adjourned, not signing the bill wouldpocket veto it, Nixon hastily signed it just before midnight on December 31, 1970, only minutes before the deadline.
Design The Apollo 11 mission insignia served as the basis of the Eisenhower dollar\'s reverse.For Mint Chief EngraverFrank Gasparro, the opportunity to put Eisenhower on a coin was the fulfillment of a longtime dream. On June 19, 1945, Gasparro had been one of more than 4,000,000 people who gathered in New York to watch a parade in honor of the Allied victory in Europe. Although Gasparro, then an assistant engraver at the Mint, only saw a glimpse of General Eisenhower, he stepped back from the crowd and sketched the general\'s features. That sketch served as the basis of his design for the obverse. Gasparro consulted with the late president\'s widow,Mamie Eisenhower, as to the designs of both sides of the coin; the formerFirst Lady was presented with a galvano (a metallic model used in the coin design process) by Brooks and Gasparro on January 1, 1971. Gasparro wrote in 1991 that he had six weeks to complete the work beginning in mid-November 1970, that his extensive research into eagles over the years was a great help in creating the reverse, and that his sketches were adopted without change. The chief engraver was not given full freedom of design; he was instructed to have the layout of the obverse resemble that of theWashington quarter.
Before the legislation passed, Gasparro had prepared two reverses, the one actually used, and a reverse with a more formalheraldic eagle, which numismatic historian and coin dealerQ. David Bowers finds reminiscent ofpattern coins prepared in the 1870s. At Congress\'s insistence, the chief engraver created a design in commemoration of theApollo XI lunar landing, based on themission patch conceived by astronautMichael Collins and others. 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. The reverse depicts an eagle (representing thelunar lander, Eagle) swooping low over the Moon\'s surface, holding an olive branch, token of peace, in its claws.
The use of Collins\' mission patch design had initially been opposed by some government officials because of the fierce expression of the eagle; Gasparro\'s initial concept met similar objections. The Mint Director recalled that Gasparro had gone to thePhiladelphia Zoo to look at eagles, and on his return had prepared a design which she felt emphasized the eagle\'s predatory nature. Brooks informed Gasparro that the eagle was \"too fierce, too warlike, a little too aggressive\" and asked that the expression be made friendlier. Gasparro, who reportedly was unhappy at having to change the eagle, described the final version as \"pleasant looking\". TheState Department also feared that the eagle\'s expression might offend, and sought a neutral visage. The distant Earth may be seen above the bird, and there are 13 stars in honor of the original states.
Bowers deems the bust of Eisenhower \"well modeled\" by Gasparro, and notes that the fact that the eagle on the reverse holds only an olive branch, rather than arrows as well (token of war), \"meant that the public would like the design\". Nevertheless, he notes that Eisenhower\'s stern expression was widely criticized as not typical of a man noted for geniality. Numismatic author David Lange opines that \"the Eisenhower dollar is one of the poorest products to emanate from the U.S. Mint\". Lange writes that Gasparro had designed only one side of the coin for the Kennedy half dollar andLincoln Memorial reverse for the cent, \"the Eisenhower dollar was his design alone and should have served as a showcase for his talent. Sadly, it is a mediocre design that reveals his typically unnatural treatment of Ike\'s hair and the eagle\'s feathers.\" Some collectors complained after the release that the Earth was not fully shown, not realizing that Gasparro had carefully followed the mission badge. The chief engraver responded by clarifying the design.
Release The Eisenhower dollar\'s design as released by the Treasury in January 1971 (probably from photographs of the galvano)Two prototype dollars were struck at the Philadelphia Mint on January 25, 1971; they were subsequently destroyed. Striking such large pieces of tough copper-nickel proved destructive to the Mint\'s dies, and Gasparro repeatedly used the Janvierreducing lathe to lower the relief to be used on the circulation strikes and the uncirculated silver clad coins. The chief engraver altered the resulting master die directly to restore at least some of the detail which was lost as the relief was lowered. The proof coins struck at San Francisco, nevertheless, remained in high relief. This meant that in 1971 and for much of 1972 (until better-quality steel was used in the dies), the uncirculated strikes had a lower relief, less detailed surface, compared with the proof coins. Proof coins are struck slowly, and generally multiple times, to bring out the full detail. Striking of Eisenhower dollars for circulation began at Denver on February 3, apparently without any ceremony; minting at Philadelphia also began early in the year, although Bowers, in his comprehensive encyclopedia of silver and clad dollar coins, does not record a specific date. The first Eisenhower dollars in 40% silver, with an uncirculated finish, were struck at the San Francisco Assay Office (today theSan Francisco Mint) on March 31, 1971; Brooks ceremoniously operated the presses. The first coin struck was for presentation to Mamie Eisenhower; the second toDavid Eisenhower (grandson of Dwight and Mamie Eisenhower) and the third to David Eisenhower\'s father-in-law, President Nixon.
1974-S \"brown Ike\", partially open to show the coin and holderOn January 29, 1971, the Mint announced the prices for the 40% silver pieces which would be struck at San Francisco: $3 for uncirculated specimens and $10 for mirror-surfacedproof pieces, with orders to be taken by mail beginning on July 1, with a limit of five of each per customer. Order forms for the public were shipped to 44,000 post offices and 33,000 banks, with instructions not to hand them out until June 18. The Mint returned some orders for being sent in too early.Mint sets of the circulating coinage for 1971 did not include the Eisenhower dollar.
The first proof strikes, at San Francisco, took place in July. The proof pieces were sold in a plastic holder inside a brown box with a gold eagle seal; the uncirculated silver pieces were encased in pliofilm inside a blue envelope. These were dubbed \"brown Ikes\" and \"blue Ikes\" and are still known by those terms. On July 27, 1971, President Nixon presented the first piece to be struck to Mamie Eisenhower at a White House ceremony. Sales of the 40% silver pieces were ended on October 8; the first proof coins were mailed to collectors on October 14, President Eisenhower\'s birthday.
The circulation version of the Eisenhower dollar, the largest clad coin ever attempted by the Mint, was released through banks on November 1, 1971. Many were obtained by collectors; there was sufficient demand that many banks imposed a limit of one coin per customer. The clad pieces were struck from coinage strip purchased by the Mint from contractors. Many were not well-struck, causing collectors to search through rolls in search of better specimens. An oil film was found on a large number of specimens; this was removed by collectors.
From the start, the coin failed to circulate. In 1976, a Treasury study done in conjunction with a private-sector firm found that the Eisenhower dollar had a near-100 percent attrition rate, that is, almost always, a coin was used in only one transaction, and then stopped circulating. (by comparison, the attrition rate of the quarter was close to zero) This was because of the coin\'s large size, its weight, and the lack of potential uses for it. Even so, it was successful in replacing private-issue tokens in Nevada casinos. According to numismatist Randy Camper, about 70% of Eisenhower dollars were used in casinos. Although the vending machine industry lobbied for the Eisenhower dollar, they converted few machines to take the pieces. Lange recalled, \"The fact is that these coins never circulated outside of casinos and nearby areas, and I don\'t recall ever seeing a vending machine that accepted them.\"
ProductionEarly years (1971–1974) 1973-S \"blue Ike\": envelope, pliofilm coin holder, and printed insertThe Mint struck over 125 million of the Eisenhower dollars in 1971, more than doubling its largest annual production for a dollar coin. Despite an increased mintage in 1972 to over 170 million, and despite what CoinAge magazine termed \"near-heroic measures on the part of the Mint\", the piece did not circulate. In a 1974 article for CoinAge, numismatist Clement F. Bailey noted, \"the circulation value of the coin has been nil\". Many Eisenhower dollars were put aside as souvenirs by non-collectors. Nevertheless, the silver coins sold so well that in October 1971, Mint Director Brooks warned that orders for 1971-S proof dollars would not all be filled until well into 1972. She ascribed the delay to the large public demand and to production difficulties which she indicated had been corrected. More than 11,000,000 of the 1971-S silver pieces were sold, in proof and uncirculated, with nearly 7,000,000 in proof. In May 1972, Treasury SecretaryJohn Connally, testifying before a Senate committee, described the profits the Mint had made on the silver version of the Eisenhower dollar as \"just unconscionable\", with the average profit on a silver coin at $3.89, and expected to increase as production became more efficient. Mint officials felt that reducing the price would anger those who had already purchased the pieces.
The 1972 silver pieces were again struck at San Francisco. Sales dropped considerably, to just under 2.2 million specimens in uncirculated and 1.8 million in proof. The part-silver 1972-S Eisenhower dollars were available for sale by mail order, with the ordering period from May 1 to July 15 for the proof coins and August 1 to October 16 for the uncirculated version.
With ample supplies of Eisenhower dollars, the Federal Reserve had no need to order any in 1973, and none were struck for circulation. The 1973 and 1973-D were the first Eisenhower dollars struck for inclusion in mint sets, and were, in theory, only available that way. Many 1973 and 1973-D are known in circulated condition, leading to speculation that the 230,798 pieces which were reported melted after the Mint failed to sell as many mint sets as anticipated, were in fact released into circulation. John Wexler, Bill Crawford, and Kevin Flynn, in their volume on Eisenhower dollars, deny this, citing a 1974 letter from Assistant Director of the Mint for Public Services Roy C. Cahoon, which stated that all Eisenhower dollars from unsold mint sets were melted. The 1973-S was struck for inclusion in base-metal proof sets, as well as for the regular \"blue Ikes\" and \"brown Ikes\". Sales of the part-silver pieces dipped to a total of just under 2.9 million. The coin was struck again for circulation in 1974, was included in mint sets and proof sets, and was available in proof and uncirculated silver clad from San Francisco.[52][53] Congress ordered that some of the money from the sale of 1974-S silver pieces be used to supportEisenhower College inSeneca Falls, New York. Coin collectors felt that this set a bad precedent, but about $9 million was paid to the college,[30] which, despite the infusion of money, soon closed its doors.
Bicentennial issue (1975–1976) For further information on the circulating commemorative quarters, half dollars and dollars struck in 1975–1976, see United States Bicentennial coinage . Bicentennial Reverses Type I Bicentennial, struck in 1975 Type II Bicentennial, struck 1975–76The United States had issued commemorative coins between 1892 and 1954, as a means for fundraising for organizations deemed worthy of federal support. A sponsoring organization would be designated in the authorizing legislation, and was permitted to buy up the issue at face value, selling it to the public at a premium, and pocketing the difference. Various problems with the issues, including mishandling of distributions and complaints that public coins should not be used for private profit, resulted in firm Treasury Department opposition to such issues, and none were struck after 1954.
The American Revolutionary Bicentennial Commission (ARBC) was established by Congress in 1966 as an oversight body for the 1976 two-hundredth anniversary of American independence (the \"Bicentennial\"). In 1970, its coins and medals advisory committee recommended the issuance of a special half dollar, and subsequently the committee sought the temporary redesign of circulating American coins. Brooks and the Mint initially opposed legislation to effect these proposals, but eventually Brooks supported legislation to redesign the reverses of the quarter, half dollar, and dollar coins, and to issue special collector\'s sets in silver clad. Legislation to authorize this was signed by President Nixon on October 18, 1973. By the terms of this legislation, coins of these denomination minted for delivery after July 4, 1975 and before December 31, 1976 would bear special reverses, and also be dated 1776–1976. A total of 15,000,000 sets (45,000,000) coins in all) would be struck in silver clad for sale to the public at a premium.
Mint Director Mary Brooks presents President Gerald Ford (center) with the first set of the Bicentennial coins, November 13, 1974, as American Revolutionary Bicentennial Administration Director John Warner looks on.The reverse designs for the three Bicentennial coins were determined by a design competition open to the public. This competition closed in January 1974, and in March, a design submitted by 22-year-old art student Dennis R. Williams was selected for the dollar. Williams, the youngest person to that point to design a U.S. coin, had submitted a design depicting theLiberty Bell superimposed against the Moon. Gasparro slightly modified the design, simplifying the features visible on the lunar surface, and altering the lettering and the bell. Williams and the designers of the other denominations operated the presses to strike the first coins on August 12, 1974; a set of these prototypes was later given to the new president,Gerald Ford. Williams\' design was liked by the public but attracted criticism in the numismatic community as the Liberty Bell had been previously used on coinage (for example, on theFranklin half dollar). Fearing that a low-mintage 1975 piece would be hoarded, the Mint obtained legislation in December 1974 allowing it to continue coining 1974-dated pieces until it began coinage of Bicentennial pieces.
The Bicentennial dollars were the first of the three denominations to be struck for distribution to the public; these were coined beginning in February 1975. The silver pieces were struck at San Francisco beginning on April 23, 1975. The Mint found that the copper nickel dollar was striking indistinctly, a problem not seen with the silver pieces. Brooks called a halt in production to allow Gasparro to modify the dies; the most noticeable change is that the revised issue, or Type II as it came to be known, have narrower, sharper lettering on the reverse. All silver pieces (struck only at San Francisco) are Type I; all three mints struck both Type I and Type II copper nickel pieces. All dollars included in 1975 proof sets are Type I; all those included in 1976 proof sets are Type II. The first Bicentennial dollars were released into circulation on October 13, 1975. Over 220,000,000 were struck. The Bicentennial design was not used after 1976; sets of silver clad Bicentennial coins were sold by the Mint until sales were finally closed at the end of 1986.
One proof Bicentennial coin in silver clad and lacking a mint mark, similar to the dollar in the prototype set given to President Ford, is known. This piece supposedly came from a cash register drawer at theWoodward & Lothrop department store in Washington, D.C. Thomas K. DeLorey, who was then a reporter for Coin World, spoke to the discoverer and was suspicious of the story, thinking it more likely the coin was surreptitiously obtained from the government. He declined to question the origin then, fearing it might be seized and lost to the numismatic community. The piece brought almost $30,000 by private sale in 1987.
Final years and replacement (1977–1978) Main article: Susan B. Anthony dollar The Susan B. Anthony dollarBy 1975, the Treasury was concerned about the drain on resources from striking the dollar, which did not circulate. It engaged a private firm to study the six current denominations of U.S. coinage, and make recommendations. The firm concluded in its report that the Eisenhower dollar was too large and heavy to circulate effectively, but if the diameter was reduced by about a third, and the weight by two-thirds, it might be used. That report found that \"the Eisenhower dollar has not been widely accepted by the public because of its large size and weight\". In January 1977, just prior to leaving office, Ford\'s Treasury Secretary,William E. Simon, proposed the elimination of the cent and half dollar, and a reduction in size of the dollar. According to Bowers, the Treasury had come to believe that a coin as large as the Eisenhower dollar simply would not circulate in the United States.
The Mint struck pattern pieces of the smaller size, with various shapes and compositions. An 11-sided coin was considered, which would have differentiated it from the quarter, but the patterns would not work in vending machines. Such exotic metals as titanium were considered before the Mint decided on the standard clad composition. Gasparro prepared, for the circulating pieces, a design showingLiberty with flowing hair, similar to early American coins.
As the Eisenhower dollar awaited its demise, approximately 50,000,000 per year were struck, using the eagle design for the reverse. In both years, the majority coined were at Denver. No silver collector\'s edition was issued; the blue and brown Ikes ended with 1974.
The new Treasury Secretary,Michael Blumenthal supported Gasparro\'s design in testimony before Congress; Wisconsin SenatorWilliam Proxmire dubbed Blumenthal\'s position a \"cop-out\". Proxmire refused to introduce the bill, which would have left the choice of design up to Blumenthal or his successor, instead introducing his own legislation, to commemorate early women\'s rights leaderSusan B. Anthony. Many in the new Congress and in the Carter Administration were social progressives, and supportedwomen\'s lib. Ohio RepresentativeMary Rose Oakar also introduced legislation for aSusan B. Anthony dollar in October 1978; it proceeded rapidly through Congress and was signed by PresidentJimmy Carter. Gasparro was given a photograph of Anthony and told to reproduce it exactly on the coin. Anthony\'s stern expression caused some to dub it the \"Susan B. Agony\" dollar. The Eisenhower dollar\'s reverse was used for the Anthony dollar. Convinced that the public would hoard the new pieces, the Mint Bureau produced half a billion before its official release to the public on July 2, 1979. It need not have worried; the public quickly rejected the new coin as too close in size and weight to the quarter dollar, and production for circulation ceased after 1980. Mint DirectorStella Hackel Sims stated, \"people are accustomed to the Eisenhower dollar, but in time, they\'ll become accustomed to the Susan\". Attempts were made to give the new smaller dollars out as change in postal transactions, and to force their use by U.S. military personnel in Europe; both failed.
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1972-S PROOF EISENHOWER IKE SILVER DOLLAR Original Brown Box Packaged by US Mint:
$20.00