What Happened to Eisenhower Prices?

moosesr

I bought quite a few PCGS MS65 and MS66 Eisenhower dollars a couple of years ago and hadn't checked prices until recently. Most appear to have gone down in price. Maybe the populations increased a lot in the last couple of years? Does anyone have an opinion on what may have caused this price reduction on the Ike dollars? It appears that other modern coins appear to be becoming more popular and going up in price.

Thanks, Charlie

Max

When looking in the mirror it appears Ikes were not as rare as some were lead to believe. Many moderns are sucker bets as many high endd coins remain to be slabbed. As more people learn about slabbing or sell their collections watch the numbers grow and prices fall.

moosesr

Sounds like it would be a good idea to sell mine now before they go down in price more. Also, maybe the best way to collect the moderns is to find and submit the coins yourself instead of buying them after the high grade has been obtained by someone else. That way you won't be susceptible to quite as large a loss if they go down in value.

cladking

I don't know much about prices but can assure you that if supply is the problem
that there will be a rough road ahead for all the moderns. Ikes are the rarest of
the moderns in high grade. Even just MS-65's can be tough.

Ikes have interested collectors for many years. Likely it is just being caused by a
slow down in the increase in numbers of new Ike collectors. Since this is the oldest
modern market it is more susceptable to changes in conditions. Now that larger
numbers of people are paying attention to all the denominations it is increasing the
numbers of coins coming onto the market.

I'm not really convinced that the observation that prices of the high grade coins are
dropping is accurate. I do know for a fact that prices for choice and typical specimens
are firm and have never been higher.

Tade

In Scott Travers book "One-Minute Coin Expert", 2001, his special twelve-coin list #1 is:
Uncirculated silver-clad Eisenhower dollars dated 1973 and 1974

Guess his minute is over!

misterR

The copper/nickel business strike Ikes, especially the P mints, have been increasing in price over the last 6 to 12 months where I sell most of mine, Teletrade. Those dates that have seen increases are the 71,72,73 and 74 P mints in 65 (prices are out of sight for 66s, from what I hear ony a few were graded that high this year). The D mints in 65 are stationary in 65 and have been rising in 66. Does anyone know what that 73-P MS 66 Ike sold for on Ebay the other day? It was up to $850+ last time I checked. I do not handle silver or proof Ikes and therefore I do not know how they are doing.

sinin1

I think they are like Franklins - top top end doing well, then in 20 or so years (now we have SBA and SAC) the dull, drab Ikes will start picking up a new fan base, especially if some colorful ones appear - then prices will recover.

mdwoods

Tougher Ikes have gone up quite a bit in the last few months. Look for a 71 P, 72 P, 73 P, or 74 P in PCGS MS66. They are getting more expensive. Better yet, price a PCGS MS67 Clad Ike. Top pop Ikes are improving, not falling. mdwoods

khayse

> Sounds like it would be a good idea to sell mine now before they go down in price more
No one ever got rich buying high and selling low.

I would say now is a good buying opportunity.

Just my opinion.
-KHayse

keets

I would say now is a good buying opportunity............for raw coins in some of the dates mentioned above, the early clad "P" mints especially. i'm able to find them for under $3 apiece and if i'm picky, picky, picky all it takes is one gem to make it all worthwhile!

al h.

Stew

I Love reading these old threads.

GritsMan

Ha! Didn't even realize it was old til I got to the last entry. So, Ike Fans, what's the latest scoop on IKES? Up? Down? Neither?

LanLord

<< <i>Ha! Didn't even realize it was old til I got to the last entry. So, Ike Fans, what's the latest scoop on IKES? Up? Down? Neither? >>

Don't know the answer to that question, but about 6 months ago (or so) a very good Ike book came out. I would have expected things to go up as a few new people got some science.

cladking

It looks to me like Ikes are a couple years overdue to resume their increases.

Oh, and the typical examples have come down somewhat since 2003. I don't
have an opinion on if and when these might increase again.

LindeDad

Interesting one of them that I bought in 2004 for $58.00 listed in the price guide then at $115, it's at $140 right now.
I'll hold on to my set for now. BTW referenced coin is a 1972-S in PCGS MS68.

crypto79

two reasons in my opinion.
1st is that when the prices go up for the Gems, people will just make more as there are millions left to go through

2nd is that when cash is tight people wont pay 500$ for a MS67 when an MS64+ or 65 can be had for a few bucks

RWB

Buy what is interesting to you, not what someone claims is "rare."

19Lyds

Within the past four years, submissions have increased significantly. Bulk submissions to be exact. The results of those submissions have hit the market making them appear to be readily available which in some cases, today, they are. However, getting an MS66 on an IKE is still a very difficult task.

The bag of 78's I purchased last year yielded nothing worth submitting. No errors and 1978 was pretty good for off-centers, clips and sintered planchets. (Not in my bags though!) I did submit a couple that I thought were pretty good and they came back as MS64's!

I bulk sold a bunch of rolls back to APMEX to try and minimize my loss. Evidently, somebody has come across some nice bags since as I stated and have shown, MS66 is still tough.

Since 1/19/2009 until today, the following coins/grades have increased in population as indicated:

1971 - MS65 - 192
1971-D - MS66 - 189
1971-S SILVER - MS67 - 134
1972-D - MS66 - 115
1972-S - MS68 - 260
1973 - MS66 - 35
1973-D - MS66 - 158
1973-S - MS68 - 22
1974 - MS66 - 78
1974-D - MS66 - 107
1974-S - MS68 - 51
1976 T1 - MS65 - 51
1976 T2 - MS66 - 92
1976-D T1 - MS66 - 64
1976-D T2 - MS66 - 98
1976-S - MS68 - 62
1977 - MS66 - 565
1977-D - MS66 - 182
1978 - MS66 - 72
1978-D - MS66 - 277

Between 1-6-2006 and 1-19-2009, I show the following:

1971 - MS65 - 2
1971-D - MS66 -8
1971-S - MS67 - 3
1972 T1 - MS65 - 12
1972 T2 - MS65 - 10
1972 T3 - MS65 - 5
1972-D - MS66 - 5
1972-S - MS68 - ?
1973 - MS66 - (-1)
1973-D - MS66 - 1
1973-S - MS68 - ?
1974 - MS66 - 3
1974-D - MS66 - 5
1974-S - MS68 - ?
1976 T1 - MS65 - 5
1976 T2 - MS66 - 2
1976-D T1 - MS66 - 2
1976-D T2 - MS66 - (-1)
1976-S - MS68 - 1
1977 - MS66 - 1
1977-D - MS66 -3
1978 - MS66 - 3
1978-D - MS66 - 1

I would suggest that submissions are up because interest is up thanks to the IKE Group however, MS66's are still pretty tough. MS67's are even tougher although not impossible as indicated by the increase for the 1977's in 2008 when pops went from around 7 to 13.

Would I recommend "investing" in IKE's? I don't recommend "investing" in any coin series. Especially a Modern Coin Series.

Would I recommend "collecting" high grade IKE's?

Absolutely. There are some very nice MS66's out there!

..

GRANDAM

<< <i>two reasons in my opinion.
1st is that when the prices go up for the Gems, people will just make more as there are millions left to go through

2nd is that when cash is tight people wont pay 500$ for a MS67 when an MS64+ or 65 can be had for a few bucks >>




1st - send in a few dozen clad IKE's LMK how many GEMS you get graded

2nd - I'll buy all the PCGS MS67 Clad's you have at $500.

GrandAm

291fifth

The Eisenhower Dollar is a coin that has never garnered much collector interest. I don't see that changing anytime soon.

My local dealer told me that demand for Eisenhower sets in albums is close to zero. The slabbed coins probably do a bit better, but widespread collector interest in this short run series just isn't there.

SamByrd

simply the issues is one of popularity. Ike's are not that popular even though there tough in MS65 much more so then the prices indicate. I myself think the 65's are a good buy right now the 66's are still selling for less then they did a few years back. PCGS graded Ike's may be real sleepers.

19Lyds

<< <i>2nd - I'll buy all the PCGS MS67 Clad's you have at $500.

GrandAm >>



As would I but I'd offer $550!

GRANDAM

<< <i>

<< <i>2nd - I'll buy all the PCGS MS67 Clad's you have at $500.

GrandAm >>



As would I but I'd offer $550! >>




I'll raise my bid to $600, sight unseen PCGS only

GritsMan

Fun updates!

I also agree Ikes have one real problem--they look like big metal washers. That doesn't stop ME from liking them, but I fear they may never excite a huge following. I am still tickled I can get them from my local bank, though.

19Lyds

<< <i>

<< <i>

<< <i>2nd - I'll buy all the PCGS MS67 Clad's you have at $500.

GrandAm >>



As would I but I'd offer $550! >>




I'll raise my bid to $600, sight unseen PCGS only >>

$750 (PCGS ONLY)

Rampage

There wee three MS66 78D IKEs in Teletrade a few weeks ago. They were at $50 each right until the end of the auction. I do not know if they "sold" or not. I considered buying one, but when I looked at the close up images, they looked more like high end 64 to 65. It made my MS65 and MS66 IKES look like MS66 amd MS67 IKES. I am grateful I made all my MS65 and MS66 IKE on my own and did not spend a fortune on them. I should have taken some advice I was given two years ago and dumped them though. I guess I figured I Did not have much of anything in them so I was not worried. Also, I am still a long time away from retirement, so if the prices ever do recover, I can sell them later. Also, I happen to like the ol' guy and think the coins are nice. And, as Cladking said, they are very difficult to find in MS65 and higher! They really should be worth more.

Stew

<< <i>

<< <i>Ha! Didn't even realize it was old til I got to the last entry. So, Ike Fans, what's the latest scoop on IKES? Up? Down? Neither? >>

Don't know the answer to that question, but about 6 months ago (or so) a very good Ike book came out. I would have expected things to go up as a few new people got some science. >>



Lanlord,
Do you have the name of that book about Ike's??

19Lyds

<< <i>There wee three MS66 78D IKEs in Teletrade a few weeks ago. They were at $50 each right until the end of the auction. I do not know if they "sold" or not. I considered buying one, but when I looked at the close up images, they looked more like high end 64 to 65. It made my MS65 and MS66 IKES look like MS66 amd MS67 IKES. I am grateful I made all my MS65 and MS66 IKE on my own and did not spend a fortune on them. I should have taken some advice I was given two years ago and dumped them though. I guess I figured I Did not have much of anything in them so I was not worried. Also, I am still a long time away from retirement, so if the prices ever do recover, I can sell them later. Also, I happen to like the ol' guy and think the coins are nice. And, as Cladking said, they are very difficult to find in MS65 and higher! They really should be worth more. >>


I think their limitations are to audience and availability. And Yes I;ve way overpaid for coins that were high at one time. Such as $160 for a PR69DCAM 1973-S Silver Proof.
But.............I don't begrudge that one bit, especially since a PR69DCAM is no longer a "given" when submitting these. PR69DCAM is a very respectable grade as well as any CLAD MS66 and some clad MS66's are super tough! Anybody got a 1976 T1 in MS66 laying around? Sure it ain't an MS67 but I'll go the $750 for that one!

BTW, hardtimes or not, my collection is here to stay. My wife or kids will have to determine it's destiny. High price or not as I've had a helluva grand time putting it together and learning along the way.

Stew

"BTW, hardtimes or not, my collection is here to stay. My wife or kids will have to determine it's destiny. High price or not as I've had a helluva grand time putting it together and learning along the way."

Amen to that!!!

Terry

sinin1

are those buy prices good for the silver clad dollars?

coinkat

I really do not follow the series- I will say that my limited experience that the copper nickel grades that have an attractive look and grade 65 and higher are decent coins- focus on the look of the coin-

This is a series that is short- can be completed- has a few varieties-
Perhaps the downside is that the design just is not all that great-

giorgio11

<< <i>Within the past four years, submissions have increased significantly. Bulk submissions to be exact. The results of those submissions have hit the market making them appear to be readily available which in some cases, today, they are. However, getting an MS66 on an IKE is still a very difficult task.

The bag of 78's I purchased last year yielded nothing worth submitting. No errors and 1978 was pretty good for off-centers, clips and sintered planchets. (Not in my bags though!) I did submit a couple that I thought were pretty good and they came back as MS64's!

I bulk sold a bunch of rolls back to APMEX to try and minimize my loss. Evidently, somebody has come across some nice bags since as I stated and have shown, MS66 is still tough.

Since 1/19/2009 until today, the following coins/grades have increased in population as indicated:

1971 - MS65 - 192
1971-D - MS66 - 189
1971-S SILVER - MS67 - 134
1972-D - MS66 - 115
1972-S - MS68 - 260
1973 - MS66 - 35
1973-D - MS66 - 158
1973-S - MS68 - 22
1974 - MS66 - 78
1974-D - MS66 - 107
1974-S - MS68 - 51
1976 T1 - MS65 - 51
1976 T2 - MS66 - 92
1976-D T1 - MS66 - 64
1976-D T2 - MS66 - 98
1976-S - MS68 - 62
1977 - MS66 - 565
1977-D - MS66 - 182
1978 - MS66 - 72
1978-D - MS66 - 277

Between 1-6-2006 and 1-19-2009, I show the following:

1971 - MS65 - 2
1971-D - MS66 -8
1971-S - MS67 - 3
1972 T1 - MS65 - 12
1972 T2 - MS65 - 10
1972 T3 - MS65 - 5
1972-D - MS66 - 5
1972-S - MS68 - ?
1973 - MS66 - (-1)
1973-D - MS66 - 1
1973-S - MS68 - ?
1974 - MS66 - 3
1974-D - MS66 - 5
1974-S - MS68 - ?
1976 T1 - MS65 - 5
1976 T2 - MS66 - 2
1976-D T1 - MS66 - 2
1976-D T2 - MS66 - (-1)
1976-S - MS68 - 1
1977 - MS66 - 1
1977-D - MS66 -3
1978 - MS66 - 3
1978-D - MS66 - 1

I would suggest that submissions are up because interest is up thanks to the IKE Group however, MS66's are still pretty tough. MS67's are even tougher although not impossible as indicated by the increase for the 1977's in 2008 when pops went from around 7 to 13.

Would I recommend "investing" in IKE's? I don't recommend "investing" in any coin series. Especially a Modern Coin Series.

Would I recommend "collecting" high grade IKE's?

Absolutely. There are some very nice MS66's out there!

.. >>



Wow, that is a blazer 1971-D MS66+ Lee! Nice coin!

giorgio11

<< <i>Pops of ms66's of 77-p,d and 78-p,d have exploded recently, and prices plummeted. I've been wondering about the standards on all those newly graded ones. I have not seen any in person. I'm glad I still only have half the set complete else I certainly would have paid $250-$350 for those long ago.


<< <i>Anybody got a 1976 T1 in MS66 laying around? >>



I had 2 of them for a while . I paid a record price for this one. Some dates are still strong.
>>



Nice coin AllCoinsRule!

I paid quite a few shekels for this one too. OF course the 1973-P and D are mint set only, but the 1973-P is a lot tougher. PCGS has never certified an MS67 although there is one MS66+.

jmski52

I've always kinda liked Ikes, but I don't invest in them. Gather up more than 100 of the clad ones and they start becoming ballast.

Nysoto

I like Ikes and have saved a couple hundred of the best examples from banks, all MS undipped non-AT for a buck apiece.

GritsMan

<< <i>I've always kinda liked Ikes, but I don't invest in them. Gather up more than 100 of the clad ones and they start becoming ballast. >>



Ha! Yes, Ballast is a good term for a whole pile of Ikes!