A bicentennial silver medal dollar is a overrule of the Eisenhower dollar coin. The effect of it was to celebrate the memorial of the two-hundredth birthday celebration of the bicentennial of american independence. The bicentennial coins created were of two different types. Type one was for circulation and type two was to be a collectible. In creating Type one, they used copper alloy /based metallic while they used 40 % silver medal for Type two .
The question is: how much is a bicentennial silver dollar worth?
due to the remarkable history surrounding the batch of the bicentennial Eisenhower dollar mint, most coin collectors are eager to know how much a bicentennial silver dollar worth is. One can measure its worth through the arise and decrease in the value of silver. For exercise, if argent contents are worth around $ 20 per ounce, a bicentennial silver dollar will worth approximately $ 14, while proof will worth $ 20. Although there are two types of the bicentennial dollar, they both plowshare the same design .
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Bicentennial Coinage Design And Sales
The Bicentennial coinage is what we besides refer to as the complete set of circulating commemorative coins. The coinage consists of a dollar, half a dollar, and a quarter that was struck in 1975 and 1976 by the United States Mint. Both the Eisenhower dollar, Kennedy half a dollar, and Washington quarter coin bears the double date 1776-1976 at the obverses careless of when assume. none of the three denominations carries the year 1975 during the bicentennial celebration .
A nationally design contest held to determine the final examination blueprint for the obverse of the neologism. The designs chosen was the design of the Liberty Bell overlapped against the moonlight, for the dollar. The plan for the half dollar was the Independence hall, while the design for the quarter was the Colonial drummer .
The coinage is still standard in modern days due to the large quantity come to. The circulation pieces were in copper-nickel, while 45,000,000 40 % of ash grey pieces were for collectors. It happened that there was the sale of over one-half of the bicentennial eloquent coins before its secession from sales in 1986 .
The Bicentennial Coinage Competition
The Treasury Department announced a design contest on the 23rd of October, 1973, for the reverse purpose of the dollar, half a dollar, and quarter coin. Every citizen was eligible to enter the contest, except persons chosen to be on the panel and the sculptors employed by the united states politics. These were the only categories of persons that one could consider ineligible to participate in the contest .
Citizens were to submit a photograph or reap of his or her desire design bearing the “ quarter dollar ” inscription. Shultz, who was the Treasury Secretary at that time and a jury of judges selected by the National Sculpture Society, would decide the design which they will use for each denomination. The inscription for higher denominations was to change to half a dollar and one dollar .
The price chase for each winner was $ 5,000. besides, the reverses would bear the motto “ east Pluribus Unum ” and the state ’ sulfur name. The 14th of December, 1973, was the first deadline for submission but late extended to the 9th of January, 1974, due to Christmas mail delays and energy crisis .
They chose West Point as the venue for judging the designs. however, due to the check, it shifted to the Philadelphia mint. The mint received up to 884 entries and 15,000 inquiries before the deadline. Each sculptor that submitted won a $ 750 trophy, however, only twelve designs made it to the semifinal .
They encouraged and assisted the competitors in making poultice models and putting their cultivate in the models if they had not done thus already. Three persons won the contest. The first winner of the neologism competition was Mr. Jack L. Ahr, who lived at 1802 South Highland Avenue, Arlington Heights, Illinois. The panel chose his design “ the colonial drummer ” to appear on the revoke of the quarter .
Mr. Seth G. Huntington, who was staying at 4153 Aldrich Avenue South, Minneapolis, Minnesota, besides won the rival. They chose his design of the Independence Hall to appear at the back of the one-half dollar .
The one-third winner was Mr. Dennis R. Williams, a student at the Columbus College of Art and Design, Columbus, Ohio. They chose his design of the moon and Liberty Bell combination to appear on the obverse of the dollar .
The Bicentennial Coinage Issue Of 1975–1976
Within 1892 and 1954, the United States government issued out commemorative coins basically to raise funds for some organizations that were worthy of federal support. A sponsor arrangement receives the correct to purchase the issue at the standard value and sell it back to the populace at a agio rate to gain dividends .
however, there were lots of complaints from the populace concerning private organizations purchasing the coins and reselling them for secret net income. The people believed that these organizations should not use public coins for individual reach .
besides, versatile problems, including the mismanage of distributions, led the firm, Treasure Department, to oppose the continual issue of the coin. frankincense, the issue of the coin stopped, and there was no strike of the coin after 1954.
In 1966, Congress formed an oversight body known as The American Revolutionary Bicentennial Commission ( ARBC ). The effect of the ARBC was to manage the approaching two-hundredth anniversary of american independence ( bicentennial ) planned for 1976. interim, in 1970, the bicentennial medals and coins advisory committee suggested the issue of a detail half dollar in memory of the two-hundredth bicentennial celebration .
The committee besides suggested the redesign of already circulating american coins. At first, the United States Mint and Brooks department opposed the proposals but by and by went ahead to redesign the reverses of the dollar, half a dollar, and quarter coins. It besides added that it could issue an exclusive collectible set in flatware dress .
President Nixon signed the legislation that authorized it on the 18th of October, 1973. The legislation provided for the mint of the dollar, half a dollar, and draw coins denomination from the 4th of July, 1975, to the 31st of December, 1976, and would bear the date 1776-1976 and special reverses. besides, there were expectations of 45 million coins in silver invest to sell to the public at a premium .
Bicentennial Dollar Coin
After the era of the peace dollar coin that ended in 1935, there was no dollar coin in print for up to 30 years. In 1965 bullion prices were on the resurrect. The effect of it is that it made the United States Mint start striking copper-nickel coins preferably than silver coins. however, in 1969, legislators sought to reestablish a dollar coin .
With the ongoing consideration waiting to gain blessing, there came the sudden death of Eisenhower in March 1969. Thus, many proposals stated that the print of the new dollar coin should gear towards honoring Eisenhower by putting his face at the presence. last, in 1971, the United States Mint started issuing the Eisenhower dollar mint, which was the first base coin of that appellation since the end of the peace dollar mint in 1935 .
Frank Gasparro designed both sides of the mint. At the front man of the mint was President Dwight D. Eisenhower, and at the back of the coin is an effigy of the moon to honor the Apollo 11 moon mission designed by astronaut Michael Collins. Before the release of the mint for circulation, a dispute between supporters was on whether the coin should be 40 % flatware or in the infrastructure alloy. The discrepancy caused a delay but was later resolved in 1979 when they were able to reach a compromise .
The newly accepted idea was that the mint would strike the Eisenhower dollar in 40 % silver as a collectible and besides in free-base metal for circulation. On the 31st of December 1970, President Richard Nixon, who was the vice president to President Eisenhower, signed the legislation that authorized the mintage of the new dollar coin .
The new dollar mint named the Eisenhower coin didn ’ metric ton do very well in circulation except within Nevada casinos, where it replaced private issued tokens. But the collector ’ mho pieces received entire adoption, which resulted in massive sales of the silver coin. In 1975, the mint deliberated to replace the Eisenhower dollar coin with a smaller size piece and besides to mark the bicentennial of american english independence .
Dennis E Williams did a particular invert of the dollar coin, which included adding a doubling date to the dollar coin between1776 to 1976. however, from 1975, coins started having double dates, which is 1776-1976, to signify the two-hundredth celebration of the bicentennial of american Independence. The Eisenhower coin besides reversed to the bicentennial dollar mint .
The bicentennial neologism is one of the best projects ever by the united states government though it experienced short achiever. The neologism marks a memorable day for the United States of America. These and many more reasons are why how much is a bicentennial silver dollar worth will be a recur wonder in the United States of America .
While speculations show that the mint circulation failed due to the depleted valued metals used to strike it, the bicentennial flatware dollar collectible expects to increase in value because of the bicentennial celebration. Americans will be delighted to have such a piece in their mint inventory .
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