These more recent specimens can also be of great interest to coin collectors because they have the potential to be worth a significant amount of money. A good illustration of this is the 1974-D Eisenhower Dollar Coin that has a PCGS grade of +67.
Professional Service for the Grading of Coins at a sale that was conducted by Heritage Auctions, a 1974-D Eisenhower Dollar was graded as MS65, and it was valued at $14,100 after the auction.
The date of the sale was ten years ago, which means that after all this time, this dollar might be worth a great deal more than it was before. Both the rate of inflation and the cost of living have continued to rise.
Did this 1974-D Eisenhower Dollar Coin have a large mintage?
The fact of the issue is that it had a considerable amount of mintage. It is for this reason that the fact that it has acquired such a high value is all the more remarkable. The quantity of coins that were actually minted was 45,517,000.
It was the United States Mint in Denver that was in charge of this particular item. It weighs only 22.70 grams, which is a very small amount.
Approximately 38.50 millimeters in diameter, the edge of the dollar is reeded, just like the edges of many other dollars.
It is possible that you are curious about the designers, so I will now reveal them to you. Those individuals are Michael Collins, James Cooper, and Frank Gasparro.
Nickel made up the remaining 25% of the metal that was used by the Denver Mint, while copper made up 75% of the total.
The 1974-D Eisenhower Dollar & coin features
To provide you with some information, the only Eisenhower Dollars that are more abundant in high grades for circulation strike are the 1971-D dollars. According to PCGS, there are only a few dollars of this kind available at MS67, which is the highest grade that can be achieved.
Therefore, if you chance to be in possession of the 1974-D Eisenhower Dollar MS67, you are in possession of an excellent quality example. It would appear that there are approximately twenty pieces that are in such excellent shape.
Additionally, Great Collections states that a sample was sold at the PCGS MS67+ level for the price of $13,162.50. For your information, at the time of the auction, it had attained a value of $6,500, which is twice as much as the price recommendation provided by the PCGS.
What factors contribute to the increased value of a coin graded MS-67+ compared to lower grades?
Quality of strike and eye appeal — A coin with a grade of MS-67 or higher will have a strike that is exceedingly sharp and will have details that are clear.
When compared to examples of lower grades, it will also have exceptional eye appeal, with appealing luster and original tone that will set it apart from the competition. In order to achieve the highest possible ratings, the total visual impression is a significant aspect.
Lack of flaws – In order to receive a grade of MS-67 or higher, a coin must provide an almost faultless appearance. Even under a magnification of 5-8 times, it will have very few defects, including contact marks, bag markings, and other imperfections.
In lower grade uncirculated coins, such as MS-60 to MS-64, blemishes and defects are allowed to become increasingly evident as the grade increases.
Extremely few coins have been kept at grades of MS-67 or higher, making them extremely rare. Even a condition MS-65 is believed to be difficult to find for many different series.
The limited availability of top-pop instances in MS-67 and higher drives up the value of these coins significantly in comparison to the coins that are more readily available in MS-66 and lower.
Demand among collectors of registry sets – A significant number of seasoned collectors are interested in “registry sets” of coins that are held in the best possible grades.
The acquisition of an MS-67+ example of a significant date can confer a competitive advantage as well as the opportunity to boast about success. The price of high grade pieces is being put under pressure as a result of the fierce competition at the top end.