Here is the first of three posts from Steve Roach offering insight
on some valuable first-year dollar coins:
theme that unites the three coins selected for this week’s market
analysis came by chance. The Eisenhower dollar, Peace dollar and Trade
dollar featured each represent the first year of issue of each of
their respective types. Some collectors collect first-year of issue
coins, and a curious public likes to save new coins. Thus, first-year
examples often survive in higher numbers and in finer grades as they
were kept as keepsakes rather than used in commerce. These three
dollars are exceptional, but each in different ways.
Richly Toned 1971 Eisenhower dollar, MS-65
With a mintage exceeding 47 million, a 1971 Eisenhower dollar
is a common coin. Even in high Mint State grades like MS-65, it’s
relatively available with Professional Coin Grading Service certifying
832 at that grade level.
A normal PCGS MS-65 example might sell for $60 to $80 at auction. At
a Sept. 13 GreatCollections online auction, a PCGS MS-65 1971
Eisenhower dollar with extraordinary color sold for a massive
$2,256.09, or more than twice what an MS-66 example might bring.
The unique color on this particular dollar, with rich blue, yellow
and rose tones, is closer to what one would expect to see on a silver
issue; however, the circulation strike is made from a copper-nickel
clad composition, which does not typically tone in rainbow hues.
it does not represent a record for a 1971 Eisenhower dollar. PCGS has
graded four examples in MS-66+ and one of these sold for $10,281 at an
October 2014 Stack’s Bowers Galleries auction.