Ike $ pops & pricing.

DesertLizard

Am I missing something here?

1971 & 72 Ikes in PCGS MS66 are so tough to find and priced through the roof, bringing hundreds.

My question is how is this possible when I see tons of them raw by the roll on dealer tables. Surely, some of these will slab out at 66?

Any thoughs from the Ike experts?

Also can anyone provide a good explanation for 1972 Ike var. 1-3? My breen book explanation is not too good.

TheNumish

Next time you are at a show and see all those 1971-P IKES sitting on the table look at a few. After a little while you are going to wonder how anyone was ever able to find an MS-65. The coins are dogs.

BigE

Lizard, I am not an Ike expert, but I did look through some mint sets once to try to find a couple to submit, but even these were poorly struck and dinged up. I dont think too many nice ones were minted------------BigE

SarasotaFrank

My IKE collection has some great coins.

My IKE collection has some absolutely horrible coins - 71, 72, 74 - you can't find a nice one for love or money.

Rampage

BaseBall. You may want to clarify that TypeOne just sold his type TWO 1972 IKE for $9,500.00. If it was a type one or three, he would not have gotten nearly that much for it. $2,000 maybe. The type two is very very rare, and in higher MS65, MS66 grades, it is that much rarer. I have an MS64 type two, MS63 type two and an MS62 type two right now. I have three more I want to send in for grading but have not gotten around to it yet. I will not get any MS65 or MS66 out of them, but the should grade MS6??. Desert Lizard. For a good explanation of the three different varieties, PM me your email address and I will send you a superb explanation. Richard.

supercoin

That particular 72-P was the scarce Type 2 which accounts for some of that price, but any of the three 72-P types in MS66 will easily reach into the thousands, as will the 71-P.

As mentioned, both dates are generally terrible -- right off the presses -- and after that it certainly didn't help that they were only released in bags, unlike later years which survive in better condition in mint sets.

I have gone through as much as an entire $1000 bag of 1971-P finding only several marginal MS64s. The best luck I've had is buying "original" rolls, i.e. rolls someone put away by someone soon after they were released. They will be in better shape than those kicking around in a bag for 30 years.

So, you never know about those rolls on dealer tables... if they look original, and the dealer isn't also selling certified Ikes , you might want to give them a look. The series is still largely unappreciated and many dealers don't have a clue as to their worth in high grades.

supercoin

Rampage sniped me , but actually in today's market the Type 1 and Type 3 will both easily bring more than $2000 -- the Type 1 in particular.

The Type 1 is a low-relief design struck with the old die steel, and is probably the worst looking Ike of any date.

The Type 3 is a higher-relief design, struck with better die steel, and consequently represents the vast majority of the 1972 population in MS65+.

supercoin

Sniped again!! I give up.

itsnotjustme

A point of clarification... 71 & 72 Ikes were not included in 71 & 72 mint sets. That contributes to the scarcity of nice ones, just like the lack of mint sets in the early 80s makes higher grade coins of those years tougher to locate.

Ogden

Would someone have any photo's to post of the different types 71 & 72's? I would like to see what the differences are. Thanks.

Ogden

wingedliberty

<< <i>Next time you are at a show and see all those 1971-P IKES sitting on the table look at a few. After a little while you are going to wonder how anyone was ever able to find an MS-65. The coins are dogs. >>





The Numish said it all. Also try MS67 on for size!!.


Brian.

Rampage

I guess I under-estimated on the 1972 in MS66. I just looked at the pop report and you are right...only 6. I can easily see one of those selling for 4 or 5 thousand dollars.

supercoin

Ogden, only the 1972-P has different major types.

Type 1 - Low-relief reverse
Type 2 - High-relief reverse, accidentally(?) struck with a proof die, est. 100,000 mintage
Type 3 - High-relief reverse

The easiest way to tell the difference is by looking at the Earth on the reverse.

Compare them to some silver business strikes, which are generally well-struck so they make good examples. The 71-S, 72-S, 73-S conveniently correspond to the 1972 Type 1, Type 2, Type 3.

Ogden

Thanks Supercoin! I had no idea that the Ike's had this kind of interest and variety.

Ogden

Placid

NGC pops 71-P total graded 79 highest grade ms-65.
72-P total graded 58 highest grade ms-65.

presleyh

getting an ms 65 in any year clad Ike is cause for celebration. Dont confuse them with the silver Ikes in ms though. they are fairly easy to find in ms66. Even the mint set Ikes are dinged up pretty bad. This is probably the hardest coin in the moderns to get a nice set of.

cladking

Most of the nickels are really tough. Even tougher than most of the Ikes.

supercoin

Hey! I don't know about that. Well, maybe if you're talking pre-1971.

cladking

Perhaps I put too much emphasis on strike. If you just want a nice clean coin
then the Ike is definitely the most difficult of the moderns- - and by a wide
margin. But the nickels seem to be very difficult to find with a nice full strike
while the Ikes are just unusual fully struck. Perversely the well struck nickels
seem to be marked up and the clean ones seem to be poorly struck. With Ikes
and other moderns the quality of strike and state of preservation tend to go
hand in hand.

supercoin

Perversely the well struck nickels seem to be marked up and the clean ones seem to be poorly struck.

That is strange. Any theory as to why?

With Ikes, it seems many of the marks are due to poorly prepared planchets, made worse by not being fully struck to smooth out the glitches. Which is why nicely struck with a fresh die also reduces marks.

cladking

It's probably mostly coincidence. Relatively few dies make most of the gems (especially
in mint sets). Most of the output of a single die can be damaged by the same misadjusted
or defective coin handling equipment.

relayer

I didn't know there were a lot of varieties. When I built my modern proof set PCGS made me buy FOUR.

It was one of the reasons I took it down. I'll keep the Silver Proof and sell the other 3. I have different opinions about a type set.

I just don't like Ike.

supercoin

PCGS was letting you off easy! For the 8 years they were produced, there are probably twice that many distinct types. One day I'll get around to counting them all.

Every type set should have at least a dozen Ikes.