The 1978-D Eisenhower Dollar is more than just a coin; it’s a piece of American history. Made during a significant period, this dollar symbolizes the transition in U.S. currency and reflects the values of its time. Whether you’re a coin collector or simply interested in learning about this coin’s features, history, and value, this guide will help you understand why the 1978-D Eisenhower Dollar is noteworthy.
End of an Era
The 1978-D Eisenhower Dollar is one of the last large dollar coins produced by the U.S. Mint. In total, the Mint created 33,102,890 of these coins at the Denver Mint, making it the fourth most produced coin in the Eisenhower series. Over the years, the number of coins minted varied a lot. For example, in 1976, during the Bicentennial celebrations, a whopping 113 million coins were made, while in 1973, only 1.76 million were produced.
This coin was introduced in 1971 to honor Dwight D. Eisenhower, a famous war hero and former president. The country was going through tough times, especially with the Vietnam War, and many felt it was important to recognize Eisenhower’s contributions to America.
Minting Process and Transition
The 1978-D Eisenhower Dollar features a small “D” mintmark above the date, showing it was made in Denver. On October 10, 1978, President Jimmy Carter signed a law to create a new, smaller dollar coin called the Susan B. Anthony Dollar. Production of this new coin started on December 13, 1978. The Eisenhower Dollar was produced for a short time alongside the new coin before it was discontinued on December 31, 1978.
Value of the 1978-D Eisenhower Dollar
Collectors often seek the 1978-D Eisenhower Dollar in two ways: raw or certified. Raw coins have not been graded, while certified coins are graded by companies like CAC, NGC, or PCGS. Most raw coins can still be found in circulation or in annual Uncirculated Coin Sets.
Coins that show signs of wear are typically not very valuable and can be spent at their face value of $1. However, Uncirculated coins in better condition can be worth four to ten times their face value on platforms like eBay. Here’s a breakdown of the current values for different grades:
| Grade | Value | Description |
|---|---|---|
| Mint State 65 | About $18 | Common uncirculated condition. |
| Mint State 66 | About $100 | Better quality, but prices vary. |
| Mint State 67 | Up to $8,750 | Extremely rare and valuable. |
Market Data and Noteworthy Specimens
Some of the highest-graded 1978-D Eisenhower Dollars have fetched impressive prices at auctions:
| Grading Service | Population | Notable Sale Prices |
|---|---|---|
| PCGS MS67 | 14 known | Last sold for $7,050 (2017) |
| NGC MS67 | 28 known | Sold for $2,520 (2022) |
| CAC MS67 | 4 stickered | Recent sales ranged from $200 to $400 |
These examples show just how valuable these coins can be, especially when they are in top condition.
Design of the 1978-D Eisenhower Dollar
The design of the 1978-D Eisenhower Dollar is important and reflects American values:
Obverse (Front)
- Dwight D. Eisenhower is shown facing left.
- The words “LIBERTY” and “IN GOD WE TRUST” are inscribed.
- The mintmark “D” is located just above the year 1978.
Reverse (Back)
- Features a bald eagle descending with an olive branch.
- The Earth is visible above the eagle, showing North America.
- The phrases “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” are included.
Edge
- The edge of the coin is reeded, meaning it has grooves for easy identification.
Conclusion
The 1978-D Eisenhower Dollar represents a crucial moment in U.S. currency history. Understanding its design, history, and value helps collectors and history enthusiasts appreciate this coin more. As it symbolizes a time of transition in American currency, the 1978-D Eisenhower Dollar remains a popular choice for collectors today. Whether you’re buying, selling, or simply learning about it, this coin carries a rich story that connects to America’s past and reflects its enduring values.
FAQ’s
What is the significance of the 1978-D Eisenhower Dollar?
The 1978-D Eisenhower Dollar is significant because it marks the end of the large dollar coins produced by the U.S. Mint. It honors former President Dwight D. Eisenhower and reflects a period of transition in American currency, making it a key piece for collectors and history enthusiasts.
How can I tell if my 1978-D Eisenhower Dollar is valuable?
To determine the value of your 1978-D Eisenhower Dollar, check its condition. Raw coins are often worth face value, but Uncirculated coins can be worth significantly more. Certified coins, graded by companies like PCGS or NGC, can fetch high prices, especially if they are in excellent condition (Mint State 67 or higher).
What is the design of the 1978-D Eisenhower Dollar?
The 1978-D Eisenhower Dollar features an image of Dwight D. Eisenhower on the front, along with the words “LIBERTY” and “IN GOD WE TRUST.” The back shows a bald eagle descending with an olive branch and includes the phrases “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM.” The coin also has a small “D” mintmark above the date, indicating it was minted in Denver.