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SERIES: Eisenhower Dollars 1971-1978
LEVEL: Year, MintMark, & Major Variety

1971-S $1 Silver (Regular Strike)

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PCGS MS68

PEG-LEG GUIDE

PCGS MS68
PCGS #:
7408
Diameter:
38.50 millimeters
Designer:
Frank Gasparro/Michael Collins & James Cooper
Weight:
24.60 grams
Edge:
Reeded
Mintage:
6,868,530
Metal Content:
Outer layers - 80% Silver, 20% Copper; Center - 79% Copper, 21% Silver
Auction Record:
$6,900 • PCGS MS68 • 3-8-2012 • Heritage
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Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS68 PCGS grade  
1 MS68 PCGS grade  
3 MS67 PCGS grade
3 MS67 PCGS grade
3 MS67 PCGS grade
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS68 PCGS grade  
1 MS68 PCGS grade  
3 MS67 PCGS grade
3 MS67 PCGS grade
3 MS67 PCGS grade
3 MS67 PCGS grade
3 MS67 PCGS grade
3 MS67 PCGS grade
3 MS67 PCGS grade  
3 MS67 PCGS grade  

Ron Guth: In 1971, the U.S. Treasury made available Unciruclated and Proof verisons of the Eisenhower Dollar in 40% silver.  These were the first "silver" Dollars since 1935 (or 1964, if one counts the unissued 1964-D Peace Dollar).  The Uncirculated versions were packaged in pliofilm and inserted into a heavy-stock, blue envelope.  The Proof versions were placed into GSA-type, hard plastic "slabs" inside a slip-case cover with a faux-wood finish.  These new coins were an instant success and collectors snapped up nearly 7 million of the Mint State silver dollars. 

Many thousands of MS65 and MS66 silver 1971-S Dollars have been certified, and even MS67 examples are common.  However, in MS68, this coin becomes a true condition-rarity.  The auction price record for this date is $6,900, realized in 2012 when a PCGS MS68 example came onto the market.  Considering what "finest knowns" of other series bring, especially those of the 19th century, this seems like a relative bargain.