Unbeknownst to some people, there are two different types or varieties of 1976 Bicentennial Eisenhower Ike Dollars! It can be very beneficial for a coin collector or even a buyer and seller of coins to take note of these differences, as each type has its own demand. Certain coin collectors can be rather picky about Ikes, which is why it is always a good idea to learn more.
The United States Mint - in anticipation of the 200th Anniversary of North America’s Independence from British rule - began production in 1975 for all Bicentennial coins. This includes Annual Mint Sets, Annual Proof Sets, and all coins intended for circulation. However, in 1976 they changed the dies for the reverse (back) of the coin. Coin dies are the pieces used to strike a blank coin planchet with a design. The die has an inverse image of the design and will imprint the planchet, thus creating the coins we recognize today. (In other words, instead of the face and other features of the coin being raised, the die is created with all images of the coin hollowed out so that once it is stamped against the planchet, the image appears and that's why the faces of our presidents "pop out," so to speak.)
It goes without saying that the obverse (or front) of the 1976 Type 1 and 2 Eisenhower Ike Dollars exhibit the image of President Eisenhower. However, the front of the coin is not where you should be looking to ascertain the differences between these two types. Turn the coins over. The reverse (or back) for this particular coin - the side with the Liberty Bell and our moon - is where the differences are easily noted. The reverse design of the 1975 Eisenhower Ike Dollar, also known as the 1976 Type 1 “United States of America” and “One Dollar,” appear to be bold or thicker than the 1976 Type 2. The Type 1 font appears thick and boxy, while the 1976 Type 2 version is much more narrow and exhibits more of a tapered font.
Shown below are close-ups of both the Business Strike coins (intended for circulation) and Proof coins (issued in annual U.S. Mint Proof Sets for Collectors). Neither variety carry a premium and are generally worth about the same amount, but you may encounter a customer or two who prefers a specific type. Knowing the difference may earn you a repeat buyer or simply provide a chance at conversation with novice and amateur collectors. Take a look for yourself and decide which type you might prefer.
Credit: Danie Mott from LotsofMotts: http://www.lotsofmotts.com Credit: Daniel Mott from LotsofMotts: http://www.lotsofmotts.com Credit: Daniel Mott of LotsofMotts: http://www.lotsofmotts.com