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The Eisenhower dollar is a one-dollar coin issued by the United States Mint from 1971 to 1978; ... the bullion value of a silver dollar did not exceed 70 cents.
By 1853, the value of a U.S. silver dollar contained in gold terms, $1.04 of silver, equal to $38.09 today. With the Mint Act of 1853, all U.S. silver coins, except for the U.S. silver dollar and new 3-cent coin, were reduced by 6.9% as of weight with arrows on the date to denote reduction.
This resulted in a decrease in the value of gold and an increase in the relative value of silver. [1] As a result, silver coins rapidly disappeared from circulation due either to hoarding or melting. [1] In response, Congress authorized the Mint to reduce the quantity of silver in all denominations except the three-cent piece and silver dollar. [1]
The value of silver dollars can vary greatly, whether it’s the 1964 Kennedy half dollar or the 1922 silver dollar coin. And some rare specimens fetch astounding amounts at auctions.
The mother and brother of the sisters (who wish to remain anonymous) purchased the coin in 1978 for $18,200. The coin sat in a bank vault for over 40 years until it was inherited by the sisters ...
1971–1978 Dollar (40% Ag) 38.1 mm 24.59 g 1971(S)-1976(S) ... Clad Half Dollars, Silver Half Dollars and Dollars, and Gold Half Eagles and Eagles are still ...