The United States Congress put a five-year ban on the minting of silver dollars in 1964. This action was because of a severe coin shortage. After the ban, silver dollars were being produced again, beginning with a silver dollar to commemorate the 34th President of the United States, Dwight Eisenhower.
The Eisenhower silver dollar was one of the first large denomination coins to be issued after the five-year ban.
Eisenhower dollars were minted in Denver, San Francisco and Philadelphia. No particular year or mint mark is considered rare, but many collectors seek choice grades of the 1971 and 1972 dollars minted in Philadelphia.
The Eisenhower silver dollar was first issued in 1970. No Eisenhower coins were issued in 1975 because of the bicentennial design. Production was halted in 1978 to make way for the Susan B. Anthony dollar.
The Eisenhower silver dollar was intended to commemorate Dwight Eisenhower and the Apollo XI landing on the moon. While the reverse image features an American eagle descending on the moon, many were not aware of its significance to Apollo XI. The reverse image was replaced with the Liberty Bell during the bicentennial celebration.
The value of an Eisenhower silver dollar is still only its face value in most cases. Higher circulated grades are worth up to $1.50 as of August 2009.