Many people overlook the true value of old coins, but some can be worth a small fortune. One of the most sought-after modern U.S. coins is the 1971 Eisenhower Dollar Type 1 Reverse, which has sold for as much as $30,500 at auction.
What Is the 1971 Eisenhower Dollar Type 1 Reverse?
The Eisenhower dollar was minted from 1971 to 1978 to honor President Dwight D. Eisenhower and commemorate the Apollo 11 moon landing. The Type 1 reverse was used early in 1971 and is known for its bold, detailed Earth, thicker lettering, and stronger relief. It was later replaced by the Type 2 reverse, making Type 1 coins significantly scarcer and more valuable to collectors.
Understanding this design evolution is crucial for identifying potential treasures in your coin collection. The change was made because the mint found the original design difficult to strike consistently with full details.
Key Features to Identify the Rare Type 1 Reverse
Spotting a Type 1 reverse requires careful examination. Here are the definitive characteristics to look for:
1. Bold Earth Details
The Earth appears larger with clear continents and deep relief on the Type 1 reverse. The oceans are more defined, and the overall globe has a more three-dimensional appearance compared to the Type 2 version.
2. Thick Lettering
“UNITED STATES OF AMERICA” looks heavier and more pronounced on Type 1 coins. The letters have fuller serifs and greater depth in the strike, whereas Type 2 lettering appears thinner and less distinct.
3. Strong Eagle Design
The eagle’s feathers and wings appear sharper and more detailed on Type 1 coins. Look for individual feather separation and stronger lines in the eagle’s body and talons.
4. Apollo 11 Inspiration
The design symbolizes the eagle landing on the moon, with the lunar surface showing more texture and detail on Type 1 coins. This reflects the original artistic vision for commemorating the historic moon landing.
These subtle differences are easy to miss, which is why many valuable coins remain undiscovered in circulation or old collections. Using a magnifying glass or jeweler’s loupe can help you examine these details more closely.
Type 1 vs. Type 2: A Quick Comparison
| Feature | Type 1 Reverse | Type 2 Reverse |
|---|---|---|
| Earth Design | Larger, bolder, with clear continents | Smaller, less detailed, flatter appearance |
| Lettering | Thick, pronounced, deep strike | Thinner, less distinct, shallower |
| Eagle Details | Sharp feathers, strong wing definition | Softer details, less definition |
| Minting Period | Early 1971 only | Mid-to-late 1971 through 1978 |
| Rarity | Scarce | Common |
How Much Is the Rare 1971 Eisenhower Dollar Worth?
While most 1971 Eisenhower dollars are worth only face value, a Type 1 reverse in excellent condition can sell for thousands. The value depends on several factors including condition, strike quality, and professional grading.
Record Auction Price
This record price was achieved for a PCGS MS67 1971 Eisenhower Dollar Type 1 Reverse with exceptional strike quality and pristine surfaces.
Typical Value Range by Grade:
- Circulated (Good to Very Fine): $5 – $50
- Uncirculated (MS60-MS63): $10 – $100
- Choice Uncirculated (MS64-MS65): $100 – $500
- Gem Uncirculated (MS66): $500 – $2,000
- Superb Gem (MS67+): $2,000 – $30,000+
For the highest valuations, coins should be professionally graded by services like PCGS or NGC, which authenticate and encapsulate coins, providing assurance to buyers.
Pro Tip: Check for Silver Content
Some 1971 Eisenhower dollars were minted in 40% silver for collectors. These were sold in special Mint Sets and Proof Sets, not released into circulation. A 1971-S silver Eisenhower dollar with Type 1 reverse is especially valuable. Look for an “S” mint mark above the date on the obverse (heads side) to identify San Francisco mint coins.
Final Thoughts – Check Your Coins Carefully
Before spending or selling your 1971 Eisenhower dollar, take a closer look. A simple design difference could mean the difference between a $1 coin and a collector’s treasure worth tens of thousands of dollars.
Start by examining any 1971 Eisenhower dollars in your collection with a magnifying glass. Compare the Earth’s details and lettering thickness to the descriptions above. If you suspect you might have a Type 1 reverse, consider having it evaluated by a reputable coin dealer or grading service.
Coin collecting combines history, art, and the thrill of discovery. The 1971 Eisenhower Dollar Type 1 Reverse represents a fascinating chapter in American numismatics where a design modification created an unexpected rarity. Whether you’re a seasoned collector or just beginning to explore coin values, understanding these distinctions can lead to exciting discoveries.
