MS68 Ike Dollars and TPG Standards
Jacques_Loungecoque
Posts: 234 ✭✭✭
Ike dollars are not exactly in my wheelhouse, especially their relevant market factors. That being said, my research seems to indicate the folks on the other side of the street tend to be “stricter” grading Ikes. I use that term loosely as one man’s stricter is another man’s “too tight,” “too loose,” or “accurate.”
eBay completed sales seem to show the Florida service’s pieces achieving higher sell prices, and census data show many more PCGS 68’s. A simple explanation for both counts could be a lot more submissions going to PCGS. So…… for the Ike specialists out there, please break it down for me.
Also, how are the ubiquitous carbon and milk spots factored into Ike grading?
Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.
Comments
Are you speaking of the 40% IKES or Clad IKES? Either way, all I can say is buy the coin, not the slab. Same should be said for all coins in all series, not just IKES.
I'd Ike to hear more as well but I believe they have many more 68s in any denomination. More PLs, more cameos, more whatever. I would also say that people buy that 68 from FL only hoping it will cross to a 67. Then I just realized your speaking of proofs.
errr: silver MS
But if the NGC 68 sells at a higher price, why would anyone buy it to cross to an even lower priced 67?
I'm not so sure that is what actually happens. A typical example, and you can look at many in Coinfacts an NGC 68 sells for less than half of a PCGS 68. Besides, at first I thought he was talking about Unc. Well, Unc. MS68 is pretty much unheard of in PCGS Ikes though I could imagine a slew of them in NGCs.
@jmlanzaf Here’s a random pull, 46 S Washington quarter.
Not exactly modern either as a follow up to a previous thread.
I'm just going by what the OP said. I'm not really sure where he got his pricing and which specific issues he's taking about.
What did that have to do with Ike $s? I believe I corrected my statement on the other thread to exempt moderns and top pops.
Sorry, I had to take Cujo on a walk @jmlanzaf Nothing to do with Ikes and everything to do with what the OP mentioned however quite the opposite.
I don't think it's fair to argue against the OP using a completely separate coin series.
I'm still not sure what specifically the OP is taking about. But, he's right. There aren't a lot of NGC MS68 coins on ebay but they were a few 1974-S. The prices are generally higher than PCGS coins which are more plentiful.
@jmlanzaf You're correct that I'm off topic and that my generalization although true has nada to do with what the OP is asking. Maybe, it's how the the silver coin looks in their holder similar to gold coins.
It is not fair to compare eBay auction sales with very low starts to eBay BINs.
Sorry I should have been more specific in my original post. I was talking about silver Ikes. I didn’t specify as the 40% dominate the 68’s and I assumed it would be understood. That’s on me.
As originally stated I was basing my prices off eBay sales. And while many of the sales are BIN and I know many don’t like using these types of sales for price correlations, they are sales nonetheless.
Of course as someone stated, buy the coin, not the holder. Yes, yes, yes. We’re in agreement and I’ve been following that rule for 20 plus years. I’m trying to make sense of the much higher PCGS census counts in 68, (overwhelmingly 72-74 in 40%), and lower average sale price.
Am I missing something? Is eBay just not an accurate market for Ikes at the moment. Do bourse sales indicate otherwise? I don’t transact in Ikes, or most moderns, so I’ve no clue.
Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.
One thing to note in the listings compiled by jmlanzaf is that several photos show the same coin (PCGS cert # ending in 9017). These appear to be listings from a seller I am familiar with and I pass over their listings without even looking because they use stock photos. This seller's nearly continuous auction listings for Ikes start low and usually sell relatively cheap because most Ike collectors, like me, ignore them. This puts a bit of bias against the PCGS prices since most if not all of what they sell are in PCGS slabs. I've noticed the same thing with their 71-s MS-67 Ikes.
Cherry picking varieties might also tend to skew things depending on which coins you happen to look at.
It is too small a sample size to mean anything. I was just trying to figure out and illustrate what the OP was talking about.
If you really want to have some fun check out the current offerings on eBay for ANACS MS68 40% Ikes. And then check the sold listings over the last few months.
(Stop: I'll save you some time. There are not any. No current listings and no sold listings. Zip.)
peacockcoins
So you're saying they are rare...
No, not really.
Just saying look at the coin, not the holder on MS68 Ikes.
There are many I think are MS67 in both holders.
There was a thread here somewhere I think regarding the pricing of CACG MS68 Ikes (or something like that) where the pricing was to the moon.
It all doesn't mean the coin is worth more- just the slab it is in is representing a value collectors have placed on it as being of higher value.
peacockcoins