1972 E Pluribus Unum One Dollar Coin Value
The 1972 E Pluribus Unum One Dollar Coin is a popular collector's item due to its history and rarity. The phrase "E Pluribus Unum" is Latin for "out of many, one," and has been used on US coins since the late 1700s. This coin was struck at the Denver Mint and features the face of President Dwight D. Eisenhower on the obverse side.
Background and Design
The Eisenhower dollar was first issued in 1971 to honor the late president and World War II hero. The coin was designed by Frank Gasparro, who also designed the reverse side of the Kennedy half dollar. The obverse side of the coin features a portrait of Eisenhower, and the reverse side features an eagle landing on the moon, symbolizing the United States' achievement of putting a man on the moon.
Rarity and Value
The 1972 E Pluribus Unum One Dollar Coin is considered to be rare because of its low mintage. Only 2,193,056 of these coins were produced, compared to the more than 47 million 1971 Eisenhower dollars that were minted. The value of the coin depends on its condition and whether it has been circulated or not.
If the coin is in circulated condition, its value is generally around its face value of one dollar. However, if the coin is in uncirculated condition, its value can range from $10 to $50, depending on its grade. Coins that have been graded by a professional coin grading service can fetch even higher prices.
Grading Scale
The condition of a coin is graded on a scale from 1 to 70, with 70 being a perfect, uncirculated coin. The following is a breakdown of the grading scale:
- Uncirculated (MS-60 to MS-70): No signs of wear, with a lustrous appearance.
- Extremely Fine (EF-40 to EF-45): Only slight wear on the high points of the coin.
- Very Fine (VF-20 to VF-35): Moderate to considerable wear on the coin, with some loss of detail.
- Fine (F-12 to F-19): Even more wear on the coin, with most of the detail worn away.
- Very Good (VG-8 to VG-11): Heavy wear on the coin, with most of the detail worn away.
- Good (G-4 to G-7): Very heavy wear on the coin, with most of the detail worn away.
- Basal State (BS-1 to BS-3): The lowest grade, with no detail visible on the coin.
Factors Affecting Coin Value
Several factors can affect the value of a coin, including its rarity, condition, and historical significance. Coins that are in high demand among collectors can also fetch higher prices.
When considering the value of a coin, it is important to look at recent sales data to get an idea of what similar coins have sold for. Professional coin grading services can also provide an expert opinion on the value of a coin.
Conclusion
The 1972 E Pluribus Unum One Dollar Coin is a rare and valuable collector's item that is highly sought after by coin enthusiasts. Its low mintage and historical significance make it a unique addition to any collection. The value of the coin depends on its condition and grade, with uncirculated coins fetching the highest prices. To get an accurate idea of the coin's value, it is recommended to consult with a professional coin grading service.