Where are all the MS66 / 67 Ike's

slugfootball

Hello All,

Where are all the tough "P" ms66 Ike's?

Take for example the 1976-P ty1 MS66. PCGS Pop report shows 19
coins, but I only see 8 in the top registry sets.
Do they reside in sets of owners that do not want to participate in the website?
Are they in Safe Deposite boxes of collectors that do not necessarily collect Ike's?
Or, most likely the top collectors have Two, or Three?

I know a couple of you guy's know the answer.

Mike

foodude

I posed a similar question a few weeks back regarding the '53-S (MS Franklin) FBLs. There 12 64s, 19 65s, and 1 66, yet there are only a few 64 and less than half of the 65 pop in the registry. The 66 is in the #1 set.

I think in part of the answer to your question and mine is1) not all the top sets are registered; (2) some of the top sets are still being put togehter, and won't be registered till they have the tough coins, and/or (3) They are in dealer inventories.

cladking

Perhaps they are in unregistered type collections.

braddick

Ikes in these high grades are addicting. My guess is those that own one, own more. I can also understand the logic if you have a top five set and another top pop Ike comes along that Collector would purchase it so as to protect his status.

dbldie55

Don't forget the crackouts for an upgrade and keeping the inserts. Always the biggest cause of bad pops.

DRG

I have often wondered where the MS67 Ike's are hiding. You are right, most of them are not in Registry sets and it is hard to believe that anyone would crackout a MS67 clad Ike looking to upgrade. So where are they? They do not come up for sale very often either.

As for the MS66 coins this is a bit more understandable. First I agree with Dbldie55 that many may be crackout stats only, second once you own one... a second is only natural

1971 PCGS MS66 IKE on EBAY (my spare)

segoja

Some folks own more than one each of the top pops!

I also know where a complete set of MS67 clads resides with one exception the 76-D Type I which is pop 1 and that's in my set!

I now I've palced at least 7-8 MS67's in the last three years that are not in the registry sets.

Good luck fiunding them in mint sets. DRG is right, at best one in 1000 yields a 66. The 67's good luck!

Gandyjai

Hard to make those top Clads these days......Even tougher to pry them out of the hands that that hold them.
Single digit top-pop Ikes AND the 72-P Type 2 in 65 don't come out to play very often.

I WILL make a 67 Clad Ike one of these days!
'Hope it's an off-center

Gandyjai

MSD61

I have them all MAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!

cladking

<< <i>Hard to make those top Clads these days......Even tougher to pry them out of the hands that that hold them.
Single digit top-pop Ikes AND the 72-P Type 2 in 65 don't come out to play very often.


Gandyjai >>



Many collectors like to finish a set and sell it to collect something else. There are also lots of
collectors who tend to hold collections for their entire lives. One of the interesting things about
the modern coins is that there are very few old timers of either type because so few collectors
had any interest in these until recently. It's tough to say if modern collectors differ from classic
collectors in this regard but almost all the modern old timers I know still have their sets, still work
on them, and apparently have no intention of selling them. Of course this means little to the mar-
ket simply because there are too few of them to have much impact on supply anyway.

It's tough to say if this is part of the explanation of where these coins are or not but it could be
a partial answer.

Gandyjai

Cladking (I like the name!)

<<almost all the modern old timers I know still have their sets, still work
on them, and apparently have no intention of selling them. Of course this means little to the mar-
ket simply because there are too few of them to have much impact on supply >>

I have enjoyed reading your info and opinions on the Forum for a long time now and have MUCH respect
for you and your opinions.
I agree with you about the old timers hanging onto sets. I do that with my higher grade moderns
as well as some classics I have. I also agree that holding onto a set or two will have little or no effect the market.
However, I also believe that it CAN have an impact on the market if a collector happens to get a
majority of a scarce, high-end, low pop coin with no intention of selling them any time soon.

Gandyjai

DRG

I often wonder what would have happened to the price of the 1980S PCGS MS67 SBA$ had I held onto everyone that I made and/or owned. I do not have exact records but I believe that I made about 40 of the current 66 coins. This was my "starter" coin back in 1994. I would buy $2,000 bags from the mint, search them, and grade the best. I still have 5 or 6 of the best ones, but sold the rest. They used to go for around $40-60 on Teletrade. I have also bought (and sold) quite a few over the years.

How do you think the market would respond if one person owned nearly all any one TOP POP coin?

In the case of the 1980S SBA $ top price right now would be less then $500, so for $30,000 someone could corner the market.

Or would the price keeping going up, as they disapeared, making it nearly impossible?

Gandyjai

Good Morning DRG,

40 out of 66 would be quite significant! (roughly 60%)
Significant enough (IMHO) to at least double the price of the remaining ones. Problem would be trying to sell them.....you couldn't dump them all at once and flooding the mark.

If one DID have $30K to spend and try to "corner the market" on the 80-S SBA....the problem would be, not only finding them, but trying to get the owner to sell it to you could be difficult. More than likely, it would require a premium above market value.....another example...1972-P Type 2 PCGS MS65 Ike.....One could suposedly get a majority of them for around $10K...IF they could FIND them and IF they could pry them out of the owner's hands. A tough job to say the least!

IF this is accomplished and the supply is not there,....wouldn't this just FORCE other collectors to just search HARDER and try to "make" more?

Gandyjai

DRG

Good morning Gandyjai;

The 1980 S SBA is my baby. I searched over 60,000 to find the coins I made. As I recall I sold 8 of them to Supercoin all at once. I made 15 in one submission!

I agree that the trouble with trying to corner the market is actually buying the coins at the going price. It would take years to pry them all loose for even a fairly rare date like the 1980 S POP #66. For some coins there would be the issue that as the price raises more will be sought out and graded. However, I find it is harder and harder to find TOP POP SBA$'s raw.

As for the 1980 S, they just can not be found raw in MS67. Everyone that I ever made came directly from the mint prior to 1998. I still have some really nice raw coins, but who else saved these in quantity? I have bought two $2,000 bags from the after market, but they were terrible. It does not take much shuffling of one of these bags to knock a MS67 to MS66.

Gandyjai

You searched 60,000 SBA's?!

That's dedication!

The most I have dented a pop in is th 76-D Type Ike 1 (Made 9 in 66) and the 76-D Quarter in 67 (7).....Neither amount I would consider being significant

Happy Hunting!
Gandyjai

DRG

60,000 1980 S SBA $'s !!!!

I realized after the first few sets of buying one $2,000 coin bag from each of the six that they had available (1979 PDS & 1980 PDS) that the 1980S were the worst made of the whole group. I therfore concentrated on this coin and only occasionally bouht bags of the other dates. I still have the empty bags from the mint. The 1980 S would be much more rare had it not been for my conservation efforts.

There is no other coin that I think that I actually made a dent in. 6 1972 D MS66 Ike's hardly counts.

David