The Eisenhower Dollar was minted from 1971-1978. The 40% Silver Eisenhower Dollars contain .31 ounces of pure silver it's current melt value* is $0. Note: Not all Eisenhower Dollars are made of with 40% silver, in fact most are not silver. Only those with the S mint mark are silver.
Note: Not all Eisenhower Dollars are made of with 40% silver. Only those with the S mint mark, those minted in San Francisco, contain silver. I found this out the hard way. I had scored 15 Eisenhower Dollars from a local bank, and was super excited only to find out later they were not silver. These coins are sill worth holding on to, as collectors will gladly pay $1.50-$3.00 for these.
Because of the relative short minting span, the Eisenhower Dollars are a rare treat for any collector of coins.
This coin was originally designed by Frank Gasparro. The front side of this coin has president Dwight D. Eisenhower, and the rear has the bald eagle, unless the coin is a bicentennial and in that case it will have a liberty bell.
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* Notice as of December 2006 it is illegal to melt down US Minted Pennies and Nickels, and there is a $10,000 fine to help enforce the law. It is legal however to melt down silver dollars, half dollars, dimes, quarters for their content.