The Eisenhower dollar was the first dollar coin to be minted since the Peace dollar that was discontinued in 1935. It had been suggested since Eisenhower’s death in 1969 that the dollar coin should return and that it should honor Eisenhower. However it was argued that it should be made of silver but since silver prices went up it was made of a copper nickel clad compostion instead. But a compromise was reached and it was decided that the clad would be made for general circulation, and a 40% silver coin would be struck for collectors. The new coin was designed by Frank Gasparro and was minted from 1971 through 1978.