Smaller mintages: The second year of 40% silver Eisenhower dollar production saw a smaller mintage of Uncirculated and Proof coins. The mintage figure of the Uncirculated version dropped nearly 4.7 million coins, while the Proof mintage figure dropped almost 2.5 million coins. As before, Proofs were sold separately from the regular Proof sets. Clearly, Eisenhower dollars were no longer a novelty.
Availability: Eisenhower dollar specialist Dave McHenry noted this:
1972-S: The 1972-S, made of 40% silver; was sold directly to collectors, As a result, they are readily available-today. The Mint probably handled the 1972-S dollars more carefully than they did 1971-S, as the 1972-S coins are more often seen in higher grades such as MS-64 and MS-65.
The Proof versions are readily available in high Proof-64 and Proof-65 preservation, although many are unattractively toned.
Certification spree: The January, 1993,PCGS Population Report enumerates an amazing 1,536 specimens at the MS-66 level, 792 piecesat the MS- 67 level, and 51 coins at the MS-68 level, with none higher. Perhaps these largest numbers of submissions are a result of the sharp strikes and nice surfaces of this date, or the fact that the 40% silver content makes for a more "slabbable"coin. Regardless of the reason, the submission numbers of this date to PCGS for third-party grading are the highest of ail the Uncirculated 40% silver Ikes.
1. 1972-S silver clad Type II. A doubled obverse die is reported, plainest at motto and LIBE (also known for Proofs; see below).
1. 1972-S silver clad Type II. A doubled obverse die is reported, plainest at motto and LIBE.
Enabling legislation: Act of July 23, 1965 (clad metal), Act of December 31, 1970, and others.
Weight (silver clad): 379.512 grains (tolerance 4%); outer layers of .800 silver, .200 copper bonded to inner core of .209 silver, .791 copper.
Melt-down (silver value) in year minted: $.40.
Dies prepared (approximate): Obverse: 22; Reverse: 11.
Business strike mintage: 2,193,056.
Comment on availability, MS-65 or better: Readily available, but scarcer than lower grades.
Comment on availability, MS-64: Readily available, but slightly scarcer than lower grades.
Comment on availability, MS-63: Readily available.
Apparently, the Mint handled most coins with care.
Comment on availability, MS-60 to 62: Most survivors fall into this category and the one above.
Comment on availability, VF-20 to AU-58: Scarce, as few were spent.
Characteristics of striking: Very well struck. In his book, A Comprehensive Guide To Eisenhower Dollars, Alan Hager says of this date: "strike is incredible, bagmarks and abrasions are the lowest in the series. Just don't try to find the other dates like this, because it is almost impossible. (Alan Hager, 1986.)
Known hoards of Mint State coins: Small groups and quantities come on the market from time to time, but no large hoards are known.
Dies prepared (approximate): Obverse: 725; Reverse: 518.
Proof mintage: 1,811,631.
Comment on availability, Proof-65 or better: Common. Most survivors are in this range.
Comment on availability, Proof-64: Common.
Comment on availability, Proof-63: Less common.
Comment on availability, Proof-60 to 62: A few carelessly handled coins are in this category.
Comment on availability, less than Proof-60: Few exist (yet).
A choice, sharply struck gem example of this date can be readily located by the interested collector without too much difficulty, one of the few dates in the series about which this comment can be made.