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Two BIG Ikes just sold today! (One for 20K)
braddick
Posts: 23,133 ✭✭✭✭✭
I've been watching some Ikes and noticed these two sold today.
Your opinion- too much or just about right (for the rarity)?
peacockcoins
1
braddick
Posts: 23,133 ✭✭✭✭✭
Comments
I like the luster on the first one. Unless it looks better in hand I'd avoid the second one.
Well. Being as how this 70 looks to be about 10% of the sales price. Not so much.
😂😂😂. Twenty grand 😂😂😂
🎶 shout shout, let it all out 🎶
I know. Ms vs. pf. I’m just saying
🎶 shout shout, let it all out 🎶
No Ike is worth $20k, and I really love that series. I mean, apparently it's worth $20k to somebody, but I just can't imagine why anyone would spend that much on a modern silver dollar.
Try and find another that nice.
It might be the nicest Ike in the world, I just personally cannot see $20,000 valuation for any Ike. And as I said, I am fond of the series, and have a full, completed Registry set.
Insanity.
Dave
Me, neither. I also wouldn't pay $1000 for an SVDB or 16D dime. But I understand why people do and I understand why the Ike sells for $20k. They are hard to find nice.
They are not in a PCGS holder, and they do not have CAC stickers. Both no-go factors for me. Paying up for top-pop conditional rarity among Ikes is a bit of a risk IMO. I recall that when Ike proofs were first receiving PR70 grades, the prices were through the roof for those, but then came tumbling back to earth as other were graded 70. That said, high prices are justified for true Ike rarity, like a prototype Ike, or 1971-S proof Type 1 reverse, or 1976 no S proof, or the Denver mint Ike struck on 40% silver planchets. (the suspicious stuff out of the San Francisco mint in 71 is another matter)
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
The 76 is a stunner for sure. However, I have three other coins on my list that I could blow through 20k first.
As I have said before
Great American
Ugly coin.
I could find some nice classic coinage for those $$$'s.
Based on those pics I question the grade.
Crazy Crazy Crazy.
I could see $20k+ for the rare prototype or maybe a rare unique off metal error, but for a normal “condition rarity,” I fully agree.
Very interesting. Silver Ike - $20K. I would even understand it more if it were clad and was meant for circulation, but this was made as a collectors piece. Not trying to throw rocks at the new owner... if they love it, that's amazing that they have it. I am just trying to wrap my head around it.
I am a newer collector (started April 2020), and I primarily focus on U.S. Half Cents and Type Coins. Early copper is my favorite.
@Floridafacelifter
I believe he posted some very unusual coins with documents and a provenance a mile long and I don’t recall the value but it was just so different as to complete paperwork and such. I would love to hear from him. Thanks
🎶 shout shout, let it all out 🎶
Wow... $20K for an Ike dollar.... Must be very important to the buyer.... Truly hope he/she will be happy with their coin. Cheers, RickO
Good morning all! I have posted about the unique 1878-S SP65 Morgan and 1922 HR PR67 Matte Peace $, both of which I can pretty much trace from the day they were minted to present, but nothing about Ikes- that’s probably what you’re remembering!
Good morning
I was thinking about the Kennedy halfs if I remember.
🎶 shout shout, let it all out 🎶
Here are my 68's for comparison. I thought they looked OK.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
You can find Ikes that are comparably scarce to Morgans for a tiny fraction of the cost of the older coin. lots of people find this highly attractive. If the '73-S looks in hand as it does in the photo then it might be no substitute for a $20,000 Morgan.
But to get a Morgan as outstanding as the '76 would probably be very costly.
I personally prefer the business strikes because it's easy to find really nice proofs and S-mint silver Ikes. It is not at all easy to find high grade circulation issues and second rate coins can appear about fourth rate. To me Ikes need to be near-Gem or fully Gem to even be attractive.
To each his own.
As long as the buyer is happy...
I would never personally never pay $20k for a modern condition rarity. I wouldn’t even pay $100 for it. Just doesn’t interest me.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
I'm willing to bet there are others out there that till reside in the 3-piece Mint Set that simply haven't been slabbed yet...these were still being sold out of the Mint's annual catalog for years after release...to say nothing of the thousands or more that went to overseas buyers, etc.
RIP Mom- 1932-2012
Of course there are more out there.
I seriously doubt there are very many because they are scarce even in MS-68.
But the ones sold up until 1981 are an entirely different coin and there is no chance at all one will grade very high. In July of 1976 the mint reinterpreted the authorizing legislation to mean they had to strike many millions more and it was far too late to accomplish on the numismatic presses they had been using for these sets. So they ran them off on high speed presses. They looked like junk but they were up to spec so they still counted. These coins were then put in 55 gal steel drums and apparently rolled back and forth across the mint judging by the amount of marking on them. Sets sold after 1976 were sold in different packaging and in plastic sleeves without a white stripe on them.
Sales of these were very poor even though they were briefly available for less than the value of silver in October or November of 1979. Many of these sets were smelted even before the government melted the remainder, millions of them, in 1981/2. They are so scarce it's a wonder they don't have a numismatic premium.
I know which three piece sets you're referring to, Cladking. The later issued sets are housed in more vivid red envelopes with somewhat indistinct or blurry lettering and the coins contained within are really beat up. Those coins need to be melted and restruck into something more attractive.
They are truly ugly.
For years most wholesale buyers used a disclaimer that they wouldn't accept sets without the white stripe on the sleeve. But I rarely see this any longer leading me to suspect there really is a little demand for them.
They used to account for about 2% of larger accumulations but they may have suffered even higher attrition than the good sets.
Here are three Ikes graded in the same submission/batch sent to PCGS.
I'd imagine if the inserts were covered, some might have difficulty determining which one
is the MS66; MS67, and MS68:
peacockcoins
$7000? $20,000??
Encourages me to try and make an MS69 myself!
That's the thing. He chose this over this, in the same ball park.
But the Ike is what he wanted, and who are we to begrudge him his preferences? Heck, maybe he already has a cabinet full of Saints.
Possibly he had deep enough pockets he could purchase both?
Bill Gates bending over and picking up $15,000.00 in cash is akin to a person making $150.000 a year bending over to pick up a quarter.
peacockcoins
$13,500 & $4000 are still big numbers for these Ike Dollars.
Imagine thinking of it the other way around, someone chose this pop 283/573 Wire Edge over a pop 2/0 Ike!
NGC pops for the wire rim only, this is a POP 283/573 coin.
Here are the results for posterity.
https://www.ngccoin.com/certlookup/6613735-004/69/
https://www.ngccoin.com/certlookup/6613737-006/69/
The registry game is so interesting. Talk about a marketing success.
There’s certainly a good payoff!
$13,500 & $4,000 according to 130Point.
I'd be ecstatic with those prices if I was the seller.
The first is over double of price guide while the second is a 50% hair cut.
These prices seem a lot more reasonable. The '73-S while a nice coin has more marking than I'd like to see on an MS-69.
Luster is important on silver Ikes but so is marking on high grade coins.
MS69 40% silver Ike's should be immaculate.