postheadericon Are 1972 Silver Dollars Worth Anything

 ... much is my miniature of 1972, Eisenhower (IKE) worth of silver dollar

These days, more and more people are getting involved in coin collecting as a serious business, or as a fun hobby. To answer the growing demand of people looking for rare and valuable old coins, a lot of coin dealers are selling these coins. Sad to say, though, that this has been an outlet for a lot of counterfeiters out there.

To guide you in buying a real Silver Eagle dollar, this article will provide interesting facts about the official silver bullion coin of the United States, the American Silver Eagle, and some ways to distinguish a real one from a counterfeit.

What is the American Silver Eagle?

The Silver Eagle dollar was first released by the U.S. Mint on November 24, 1986. It contains one troy ounce of .999 pure silver, and has a nominal face value of one dollar. Its weight and content is certified by the U.S. Mint and it is authorized by the U.S. Congress. For coin collectors, the U.S. Mint produces a proof version of the coin.

The Silver Eagle dollar has been produced at three minting locations, including Philadelphia ('P' mintmark), San Francisco ('S' mintmark) which issued proofs, and more recent proofs from West Point.

Physical Descriptions

An authentic Silver Eagle dollar will weigh 31.103 grams, and its diameter is 40.60 mm, with a thickness of 2.98 mm. Its edge must be reeded, and the Silver content is 99.9%. The obverse design features Liberty walking and is adapted from the design of Adolph A. Weinman during the year 1916. The reverse design features a Heraldic Eagle with Shield, which was designed by John Mercanti on the year1986.

How do I tell if a Silver Eagle is fake?

* Check the year of minting

By knowing the minting years of a coin, you are one step closer to identifying a fake from a real coin. The Silver Eagle was minted on the year 1986. So if you see one for sale that has the year 1906 or any year that is before 1986, then consider it fake. It wasn't the U.S. Mint that made the coin. Save yourself the money and don't buy it.

* Weigh it

If you're equipped with knowledge about the coin, you're better to discriminate one from a fake. A true Silver Eagle dollar will weigh 31.103 grams. Also consider the diameter. Remember it should be 40.66 mm, not anything lower or higher than that. So, even if your coin 'looks' real, weight it to see if it really is.

* Appearance

A fake Silver Eagle is dull, grayish looking, and not lustrous. It could also have a soapy appearance to it.

* Check the reeding

Remember that an authentic Silver Eagle is reeded, so if you happen by one that is not, skip it. It's fake.

* Test

You can perform the drop test, and listen to its distinctive ring. If you drop it and it produces a dink sound, then this is most likely not silver. Keep in mind that a Silver Eagle is 99.9% silver. You can also do the magnetic test, where if the coin is attracted to the magnet, then it is not real. It is probably copper made to look 'silver'.

As a whole, distinguishing a real from a fake Silver Eagle is easy, for as long as you are equipped with relevant information about the coin.

About the author: Find out more about American Eagle Silver Dollar coins and other types of U.S. minted silver dollars at: http://www.SilverDollarCoins.Info

Source: http://www.articlesbase.com/investing-articles/silver-eagle-dollar-distinguishing-a-fake-from-real-2595079.html

Frequently Asked Questions

  1. QUESTION:
    are silver dollars from 1972-1976 worth anything?
    i found a bunch of silver dollars from 1972, 1974, and 1976 are they worth anything?

    • ANSWER:
      In circulated grades they are not worth more than the . They are not made of silver but are copper-nickel clad. They did make some 40% silver ones but they came in special packaging and had to be ordered from the mint. Maybe some day in the future they may catch on, I put an uncirculated and proof coin set of them together. It was inexpensive and time will tell. No harm in holding your if you can aford to do so.

  2. QUESTION:
    How much is my miniature 1972 Eisenhower (IKE) Silver Dollar worth?
    My 1972 IKE Coin is a mini version of the 1972 Eisenhower Silver Dollar. Is it worth anything? If so how much would you think?

    • ANSWER:
      Mini coins of all kinds have been around since the 1960's and continue today. Most sold in sets of cent through 1/2 dollar or when dollars were made they added that to the sets. Most sets sold in the range and singles for a each. They are a novelty item and not a coin collecting item. Most are good conversation items and good for a joke or two. I was given one and the person said, see what happened to the dollar its value shrunk. They are just a fun type item.

  3. QUESTION:
    Is a 1972 kennedy half dollar worth anything? Is it 40% silver?
    Thanks!

    • ANSWER:
      Forget the rigid grading standards which are actually someones opinion and aren't so rigid. Yes a coin does need to be grade but in your case a 1972 even in mint state is worth little. No it is not silver, the dates of the silver ones 40% are 1965-1970. I go to the bank often and ask for 1/2 dollars, sometimes I get a few rolls, sometimes I don't, but I usually find 40% silver ones stuck in with the copper-nickel clad ones and ever a Franklin once in a while which is 90% silver. Keep looking.

  4. QUESTION:
    I have a 1972 gold Eisenhower dollar coin. is it worth anything more than a dollar?
    I have only seen silver Eisenhower dollars.

    • ANSWER:
      Unless the dollar coin is in Mint Proof condition, the answer is not much more. You can check out Heritage Coins online to compare your coin to what the market is looking for and willing to pay for it.

  5. QUESTION:
    Is these silver dollars still in circulation?
    I have three silver dollars: all of them have President Eisenhower on the front. One of them has a picture of an eagle on the moon on the reverse side dated 1971, two have the picture of the liberty bell and the moon on the reverse side dated 1776-1976. Are these worth anything more than face value? If they are face value, can I just use them like I'd spend a dollar bill?

    I also have four silver half-dollars dated 1971, 1972, 1972, and 1973. Same question for those.

    • ANSWER:
      All of the coins you list are seldom seen in circulation. Unfortunately, none of them is worth much more than face value. None of them actually contains any silver. I would probably spend the half dollars, but I would hang on to the Eisenhower dollars for no other reason than they're cool.


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