The Leif Ericson Silver Dollar obverse shows a profile portrait of Leif Ericson, portrayed in the style of traditional Icelandic coins by artist John Mercanti.

The reverse, by artist James Ferrell, shows a Viking ship under full sail, coming toward the New World with Leif Ericson at the helm.

The Leif Ericson Silver 1000 Kronur, designed by Icelander Throstur Magnusson, shows an interpretation of the Stirling Calder statue of Leif Ericson on the obverse. The statue was given to the Icelandic government in 1930 by the United States to commemorate the millennium of the Iceland parliament.

The reverse of the coin shows a stylized drawing of the Icelandic Coat of Arms, representing the country's four guardians: the eagle, the dragon, the bull and a giant. The guardians stand watch over the north, west, east, and south of Iceland.