The key attribute determining the elevated value of a 1971 Eisenhower dollar lies primarily in its composition and condition. While most 1971 Eisenhower dollars were struck for circulation and composed of a copper-nickel clad alloy, certain examples, specifically those struck as proof coins at the San Francisco Mint, contain 40% silver. These silver versions, particularly those in exceptional condition, command a significant premium over their clad counterparts.
The presence of silver imparts intrinsic value and historical significance to these coins. The United States discontinued the widespread use of silver in circulating coinage in the mid-1960s, making these Eisenhower dollars a relatively rare exception. Furthermore, the proof versions were produced with meticulous care, resulting in sharper details and a brilliant, mirror-like finish, further enhancing their collectibility. This combination of composition and manufacturing quality creates a tangible connection to a pivotal period in American numismatic history.