The current market price of 1972 Silver Dollar range from hundreds to thousands of dollars, depending on their condition. Investing in this rare piece of US currency can be rewarding, so find out what your 1972 Silver Dollar is worth today!
It can be challenging to determine the value of your coin. For years, many collectors and dealers have relied on a set of grading standards created by the Professional Coin Grading Service (PCGS). Many variables can come into play when assigning a grade to a coin. The 1972 silver dollar is a top-rated coin to collect that is now valued at a reasonable price considering all of its features.
Although these coins were unpopular in 1972 for their bold nature, today, the Eisenhower dollar value has increased, making them a big deal among collectors. This blog post gives you an idea of the 1972 silver dollar value if you decide to sell or trade this collectible. Read on!
Grading the 1972 Silver Dollar Value
The value of a coin is commonly established based on the amount of silver it holds. Coins that contain more silver and are in better condition are considered to be of higher value. For instance, in 2005, a 1972 S silver dollar broke an auction record with a selling price of $5,750.
It's not surprising that a coin's rarity plays a crucial role in determining its worth. Surprisingly, coins with mistakes can be highly valued because of their rare and unique flaws.
In conclusion, the condition or grade of your 1972 silver dollar is an essential factor in determining its worth, so it's imperative to handle it carefully and assess its condition thoroughly.
1. Circulated
This is the grade you see on a coin in circulation. This is the lowest grade and is usually worth less than the others. It is also worth far less than a specimen or proof coin. A circulated coin can look very different from its original Mint state appearance, which makes it desirable for collectors. It costs between $2.5 to $40, depending on the type.
2. MS 63
The MS 63 is the most common grade for a coin and denotes an extremely high level of preservation. It means that the coin has been fully preserved in its original state. At this level, there are no signs of wear or tear on the surface, and any qualified grader can grade it. Collectors should expect to pay between $13 to $125.
3. MS 65
The MS 65 is a superior grade indicating only two or three minor flaws on the coin's surface. While these flaws may not be noticeable to the naked eye, they're still visible under magnification. This is the highest possible grade for grading coins in terms of preservation and quality. Expect to pay between $25 to $1920.
4. PR 65
The PR 65 is usually a good grade for silver dollars' most common circulated grade. The coin is cleaned but needs to be polished. It has some surface wear and some contact marks on the design elements. The coins are still in overall good condition and have an attractive appearance. Its prices start from $24 to $3000.
5. PR 67
This is the highest quality coin you can get from your silver dollar collection. The coin has no contact marks or scratches on its surface and has been cleaned to look new with no signs of wear or damage to its design elements. Its value ranges between $35 to $5000.
1972 Silver Dollar Error Value
The 1972 silver dollar error is one of American coinage's most famous and misunderstood errors. It resulted from control at the Mint during the production of billions of silver eagles. The Error, seen on all 1972 silver dollars, was caused by improper melting and cleaning procedures that resulted in a misaligned planchet (coin blank).
A 1972 silver dollar graded at MS66 by the NGC with a double die error fetched $100, while its MS65 counterpart with doubling on both sides only commanded a price of $55. The costliest piece of the collection was a PR69DCAM (deep cameo) coin with doubling on its obverse side, fetching an incredible $500.
History Of The 1972 Silver Dollar
The United States Mint is one of the most important departments in the country. It produces coins, stamps, medals, and other items. The Mint produces circulating coins such as quarters, dimes, nickels, and pennies. In addition, it also produces bullion coins like gold and silver dollars.
The history of the 1972 silver dollar can be traced back to the 1960s when President Nixon ordered all silver coins to be taken out of circulation. The US government passed the legislation, responding to the rise in demand and prices of silver. This law prohibited the use of metal in coins up to 1970. But as the date of silver coinage drew closer, calls for a new dollar intensified. When Eisenhower died in 1969, there were calls to honor his memory with a coin.
A new silver dollar honoring Eisenhower would kill two birds with one stone. But a minting process involving real silver would be expensive. To accommodate both sides, the new Eisenhower dollars would be made of base metal and colored to look like silver—but they would also contain copper.
Features Of The 1972 Silver Dollar
Here are the key features of this silver dollar coin:
The Obverse Of The 1972 Silver Dollar
The obverse of this coin is the portrait of former US president Eisenhower facing left. He was honored for his immense contribution to the finance department of the US. There is also a mint mark at the bottom of the portrait. This showed different places these coins were minted. The word LIBERTY is inscribed at the top of the coin, and the US motto, “In God We Trust,” is placed in front of the portrait.
The Reverse Of The 1972 Silver Dollar
The reverse side of a silver dollar is often thought to be one of the most magnificent coin designs out there. It features an eagle with its wings wide open as it lands on the Moon. A truly breathtaking image! Ex-astronaut Michael D. Collins crafted this design in collaboration with fellow astronauts and scientists to honor celebrate the tremendously successful Apollo 11 mission.
The eagle's holds an olive branch clutched in its talon. The outstretched wings and clasped claws suggest a peaceful intent. A tiny planet, Earth, floats in the upper part of the painting's background.
The words “UNITED STATES OF AMERICA” are inscribed at the top, and the term “ONE DOLLAR” is just below the olive branch. The Latin motto, “E pluribus unum” (“From the many, one”), is also present. It refers to the union of states that forms the United States of America.
Other Features Of The 1972 Silver Dollar
- Metal Composition: The 1972 Silver Dollar is 40% silver, and the remaining 60% is copper.
- Weight And Size: The weight and metal content of the 1972 Silver Dollar are listed at the top of the coin. The weight is 10.16 grams, and its diameter is 39 millimeters.
- Edge: The edge has a reeded pattern, which makes it easier to count the remaining coins in your stack.
- Mint Mark: The mint mark is located on the reverse. The mint mark can be found just below Liberty's ear and is considered a “D” because it has two vertical lines. The mint mark can help you distinguish between silver dollars from different mints.
Conclusion
In the past, many people collected coins to make money. The coin traders set the value of most coins in the past. However, there may be some rare exceptions. Non-collectors may want a certain coin because they enjoy its historical significance. Their enjoyment may come from how a particular coin looks and its rarity.
