Don't miss out on potential profits from your old silver coins! With 1974 Silver Dollar Value, you can maximize their worth with instant evaluations and up-to-date pricing information.
Silver dollars are particularly in demand in the United States since coin collecting is a popular hobby. We'll explain all you need to know about the 1974 Eisenhower silver dollar that honors the late President. What’s the 1974 silver dollar value? Let’s find out!
Eisenhower dollars were produced between 1971 and 1978 and contained only 40% silver. The best dollars are graded as “extremely fine,” a grading system used to determine their value. Despite its poor condition and low silver content, you may still make a mint. Here is a comprehensive breakdown of the 1974 silver dollar value, history, characteristics, and more.
The Value of 1928 Silver Dollar's Grading
The value of a 1974 silver dollar depends on several factors, such as its condition, rarity, and type. On average, a 1974 silver dollar in the circulated condition is worth about a dollar, while an uncirculated coin may be worth more.
The grade and condition of a vintage coin play significant roles in establishing its market value. Let's look at some of the grades of silver dollars in 1974:
- “Extremely fine” coins have faded the hair over Eisenhower's eyes, but the hair over his ears is still evident and vibrant.
- AU-50 Uncirculated coins have signs of wear, and their natural shine is slightly reduced.
- MS-60 Uncirculated coins have no wear signs and have a full mint brilliance, although they may have scratches.
- MS-63 is uncirculated but may also have some minor yet easily visible imperfections.
- MS-65 is among the most frequent high grades, indicating that the coin has just a few faint contact marks.
- MS-67 are higher in mint condition and are the rarest hence the most precious.
1974 Silver Dollar Faults
Even though 1974 silver dollars consistently sell higher than their current prices, silver dollar errors are more precious. Remember that the term “silver dollars” only applies to coins composed of precious metal and not the clad composition coins sometimes mistaken for silver dollars.
Off-Center 1974 Dollar
Any off-center 1974 dollar coin is a fortunate find, but if you find a 1974-S silver dollar, you're in for a real treat. Half-off-center or more designs are highly sought after by collectors, and you may expect to pay $500 to $2,000 for one at a coin exchange.
1974 S Silver Dollar
Coins graded MS 69 are so rare and desirable that collectors are willing to pay $5,000 to $7,000. The most expensive ever was a 1974 S MS 68+ Ike silver dollar, which sold in 2021 for $13,513. Interestingly, in the same year, the one with better contrast but a lesser rating sold on eBay for $1,050.
1974 S Silver Dollar Proof
Silver-proof coins with stunning deep cameo contrast often fetch $10 to $20, compared to the $4 to $13 that 1974-clad Dwight dollar coins are worth. Only the best examples, graded PR 70 or above, will fetch collector prices of about $500.
In 2021, a collector bought the 1974 Gem Proof S for $2,300 thanks to its rarity and pristine condition. The proof silver dollar created this year with the most remarkable deep cameo contrast is the one with the highest price tag recording an impressive $4,600 at Heritage Auctions in 2007.
1974 S Silver Dollar
While only the San Francisco mint struck silver-clad dollars, the other two mints were responsible for striking copper coins. The San Francisco mint produced 1,306,579 silver proofs and 2,612,568 clad Eisenhower dollar proofs in the same year.
On the secondary coin market, they may fetch anywhere from $4 to $13. Whereas well-preserved silver pieces are valued at about $500, identically graded clad composition pieces may bring more than $5,000.
1974 Non-Mint Mark Silver Dollar
The Philadelphia mint was the second busiest in 1974, producing 27,366,000 clad dollars, most valued at $2.50 and $240 when in perfect condition. However, coins graded MS 67 may sell for $8,200 to $9,200 at auction. As of 2014, a collector paid $14,100 for this mint's highest-graded clad Ike dollar.
Double Die Dollar Fault
Extremely uncommon, the value of an Ike silver dollar with a double die depends on how noticeable the extra die is. Sometimes it pays off to double-check the obvious things like the date, the President's eye, and the typography. Depending on the flaw's severity, these coins may sell for anywhere from $100 to $500.
1974 D Clad Dollar
The Denver mint struck forty-five million five hundred seventeen thousand coins, making it the most productive. These coins range in price from $2 to $130 on average, with rare MS 67 examples fetching $1,600 to $2,300.
1974 Silver Dollar History
From 1971 to 1978, the United States minted Eisenhower dollars, the first dollar coins since the Peace dollar's discontinuation in 1935. A bill proposing a commemorative dollar coin for circulation in recognition of President Dwight d. Eisenhower, as well as the Apollo XI moon mission, was submitted in October of 1969.
There were proposals to remove silver from the dollar and quarter by 1965 to 40% in response to increasing metal costs, and it was expected to be removed entirely from all circulation coins by 1971.
Both copper-nickel and 40% silver versions of the Eisenhower dollar were minted. The poor performance of the new copper-nickel led to the cancellation of the design a few years later. As a result, congress introduced a smaller Susan Anthony dollar to replace the copper-nickel, but it also failed. The Eisenhower dollar was the final US dollar coin of its size to be produced, ending a tradition that lasted almost two centuries.
Characteristics of the 1974 Silver Dollar
The coin's front side features a portrait of Eisenhower, America's 34th president, and the word “LIBERTY” is positioned over the President's head. There is a slogan, IN GOD WE TRUST, and the mint mark “S” on the coin's left side.
On the reverse is a picture of a bald eagle carrying olive branches high over the crater-strewn landscape of Earth's satellite.
The thirteen stars circle the piece, with the words E PLURIBUS UNUM just over the eagle's head. The words ONE DOLLAR appear on the coin’s lower edge, and the UNITED STATES OF AMERICA on the bottom.
Furthermore, the diameter of the 1974 silver dollar is 1.5 inches, and its thickness is exactly 0.10157 inches. This coin weighs in at a hefty 24.624 grams, and its 40% silver content is impressive.
Conclusion
These 1974 Silver Dollars were struck in honor of President Dwight d. Eisenhower and contain around 40% silver. The face of the coins depicts Eisenhower, while the reverse depicts an eagle with an olive branch. The current silver price and the quality of the dollar determine how much a silver dollar is worth.
