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Coins - 1976 Proof Set

 

In 1976, the US Mint recognized the 200th anniversary of our nation with bicentennial coins not only in the special bicentennial set, but also in the annual proof set.

The annual proof set contained six coins: the cent (penny), five cent (nickel), dime, quarter dollar, half dollar and dollar coins. The total face value equaled $1.91 and was sold by the Mint for $7.00.

Like the special bicentennial set, the dollar, half dollar and quarter coins included the special reverse designs commemorating the bicentennial. These reverse bicentennial designs occurred on the coins in both the 1975 and 1976 proof sets.

Two varieties of the bicentennial Eisenhower dollar occurred with differences in the "R" of "DOLLAR" on the reverse. Variety 1 has a straight "tail" and bolder text. The other, Variety 2, has a curved tail and a serif-like text. The proof set dollars appear to be Variety 2.

Unlike the special proof set, the six-coin annual set did not contain any silver, only copper-nickel clad coins.

1976 Proof Set Package

The 1976 annual Proof Set provides an example of the packaging for the proof set years of 1973 through 1979.

Silver script identifies the set as "United States Proof Set • 1976" on the flap of the black box. The box dimensions are roughly 3.5 inches by 5.5 inches by 3/8 inch.

1976 Proof Set

These proof sets include an additional black plastic covering that flips open to view the coins. The cover includes the presidential coat of arms, raised and coated in silver. Plus, the set includes "UNITED STATES PROOF SET" in raised letters coated in silver on the black plastic border of the packaging.

Though collectors and dealers became frustrated with the additional cover. Consequently, you may find these sets on the market today without the additional black plastic flip cover.

1976 Proof Set hard plastic cover 

1976 Proof Set Contents and Proof Coins

The black plastic also acts as a display stand to show off the proof coins.

1976 Proof Set standing

From the back, you can see the covering used as a display stand.

1976 Proof Set stand from the back

With the cover opened, the coins' obverse can easily be seen.

1976 Proof Set obverse

Turned over, the reverse shows the three special bicentennial designs on the half dollar, the dollar and the quarter dollar.

1976 Proof Set reverse 

1976 Proof Set Coin Specifications

The specifications for the coins in the 1976 annual Proof Set:

 Denomination  Cent Five Cent Dime  Quarter  Half Dollar  Dollar

 Obverse

 Lincoln

Jefferson

Roosevelt

Washington

Kennedy

Eisenhower

Designed by

  V.D. Brenner

  Felix Schlag

  John R. Sinnock

John
Flanagan

Gilroy
Roberts

Frank
Gasparro

Reverse

 Lincoln Memorial

Montecello

Torch, Olive Branch, Oak Branch

Colonial
Drummer

Independence
Hall

Liberty Bell,
Moon

Designed by

 Frank
Gasparro
 Felix Schlag  John R. Sinnock

Jack L. Ahr

Seth G.
Huntington

Dennis R.
Williams

Composition

95% Copper, 5% Zinc

25% Nickel, 75% Copper

Cupro-Nickel Clad, 8.33% Ni, Balance Cu

Cupro-Nickel Clad, 8.33% Ni, Balance Cu

Cupro-Nickel Clad, 8.33% Ni, Balance Cu

Cupro-Nickel Clad, 8.33% Ni, Balance Cu

Standard
Weight

 3.110 g

5.000 g

2.268 g

5.670 g

11.340 g

22.68 g

Standard
Diameter

 0.750 in 19.05 mm

 0.835 in 21.21 mm

 0.705 in 17.91 mm

0.955 in
24.26 mm

1.205 in
30.61 mm

1.5 in
38.1 mm

Edge

 Plain

Plain

Reeded

Reeded

Reeded

Reeded


In later sets, the US Mint advises, "To preserve the beauty of your Proof Set, it should be stored in a cool, dry place."

1976 Proof Set Year Population and Cost of Living

The world population in 1976 was 4,158,000,000. This represents 60.7% of the world's population in 2010.

$100 in 1976 equals $383.23 in 2010 dollars using the Bureau of Labor Statistics' Inflation Calculator.

New houses in 1976 cost $48,000 which would be $183,951 today.

The average income was $9227 per year ($35,359 in today's dollars).

Gas averaged $0.590 per gallon ($2.26 in today's money).

The average new car was $5,418 ($20,763).

(Chart views into the cost of living changes throughout the Proof Set years)


 

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