WOW! The price of these IKEs are going up!

USMC_6115

1972 (P) Type 1

Trooper

Geez
That's a nice amount.. This seller always has some nice Ike's..

Tom

dollardude

I bought a 1972-P T2 Ike PCGS MS63 from this seller, A.W. Coins (Rick) about a year ago for $100. He also helped me to build the rest of my Ike PCGS registry set. IMO, Rick is the finest Ike dealer in the business.

Edit: That was a T2, NOT a T1, that I got.

ss350camaro

WOW ! I'll have to look thru my '72 mint sets and see what i have.

LanLord

<< <i>WOW ! I'll have to look thru my '72 mint sets and see what i have. >>

I didn't think that IKEs were included in 71 or 72 mint sets.

ss350camaro

<< <i>I didn't think that IKEs were included in 71 or 72 mint sets. >>



I really don't know. I just assumed they were? I'm not an IKE collector.

Anyone ?

ss350camaro

You're right. Looks like they started in '73 in the UNC sets.

dollardude

Correct me if I'm wrong, but I thought the mint sets started including them during the first year -- 1971. I believe that the earlier Ikes were available in both rolls and mint (and proof) sets, while the later Ikes, since they were rarely used in circulation, were available only in mint and proof sets.

FC57Coins

Ikes didn't get included in mint sets until 1973. 71 and 72 Ikes were available from banks only. Silver Ikes were available from the mint in blue and brown packs.

dollardude

Thanks, Frank!

CoinHusker

Got a ms65 Type 1 last year just about the time PCGS decided to attribute the varities from Supercoin for around $400. Thought they may go up but I never would have guessed this much this fast. But I'm not complaining.

edit: auction ended at $710.07. I'm feeling better by the minute.

MSD61

<< <i>Ikes didn't get included in mint sets until 1973. 71 and 72 Ikes were available from banks only. Silver Ikes were available from the mint in blue and brown packs. >>



Frank you just reminded me of an Ike I got from the bay of E that turned out to have the "D" whizzed off it in an attempt to make it look like a 1972-P. I didn't know this until I had the coin in hand because the images of the coin the seller posted were good but still there was no way to tell.

Anyway, when I called the seller on the carpet about the coin and he stated " I personally hand selected this coin myself from a 1972 mint set there was noting wrong with the coin!" He really got upset when I told him there was no way this coin was pulled from a mint set seeing Ikes were not included in mint sets until 1973. He huffed, " just sent it back for a refund!!!!" Which I did

USMC_6115

What's weird is that the type 1 pop keeps rising (slowly) but so doesn't the price. Oddly, the Type 3 pop appears to be lowering....I'm guessing because a few years back all the 72 (P) types were attributed as type 3, and now people are having them re-attributed to the proper type. I wonder where the pop numbers will settle in the years to come. Will the type 2 continue to be the rarest? Maybe Supercoin can help with some insight?

Blackhawk

Can anyone post pics or links to them that show the differences between the three types?

DHeath

Supercoin's reference page. Still the best.

Cherwood

Is it just me, or does that Ike look terrible to anyone else?

I know I'm just a newbie, but that Ike looks awful! Look at all the marks in the side of his face. I have a few Ikes and none of them are skinned up like that one. Here I thought I was learning a lot about grading here.....but now I'm all confused.

Can someone straighten me out?

Cheryl

byergo

That coin is butt ugly. I wouldn't give a dollar for it!

Cherwood

I'm glad I'm not the only one that thinks it's ugly. Looks like ol' Ike has a bunch of acne scars all over his face.

But I guess someone likes it.......it's up over 700.00.

Cheryl

FC57Coins

Cheryl - Many Ikes have chatter on the cheek and thus lose grading points because of it. In addition, because these "P" mints were not fully struck up, sometimes you still have some of the residual chatter from the planchet as it was being processed. Not all Ikes are duds

cladking

'72-P Ikes are extremely tough to find in high grade. The example in the auction is actually
among the best. It has a nice complete strike even if it isn't full. It has very nice luster which
can also be tough on this date. While the marking is light, it does not stand out quite so much
in this regard. I don't know how the type I's compare to the others but this is pretty nice for
any '72-P Ike.

itsnotjustme

I recently came across some 72-P Ikes with unusually good strikes. I made 2 MS65 72-P T1s!

If you look on a board that is for buying selling and trading you might come across one!

Trooper

No that Ike isn't ugly but this one is....

Gandyjai

That is one tough coin to make in 65.
To get two in one submssion is GREAT!
I recently made my first one after 4 years of trying
I'd like to keep it, but that is some SERIOUS money for an MS65 Ike!
Hmmmmmm........I might be tempted..........

I've gotten some nice coins from the seller as well. They make some really tough
coins on a fairly regular basis, have a great track record and are always easy
to work with.

Gandyjai

DRG

To answer the question about which type of 1972 Ike is the rarest here is my opinion.

Type 1 Second rarest overall and harder to find to high grade, making high grade (MS64 and greater) coins very difficult.

Type 2 Absolutely rare!! Very difficult to find any specimens at all. Estimate is 50,000-100,000 total mintage. Trully rare in gem state!!

Type 3 Most common overall and easiest to find in gem state.

The reason the Type 3 population is falling is that only a year ago PCGS did not recognize the three types. When they decided to start designating the types they left all undesignated coins in the Type 3 pool. As the T1 & T2 coins that were graded before this time are designated the T3 pop falls. However, I have no doubt that the T3 will always be the most common in Gem state.

GTOster

Damm You guy's are good just looked at an old set I put together a long long time ago as they where released and low and behold if there isn't a 1972 -P type 2 sitting there!!!! the OBV. has taken a few hits but oh well Worth it to send in?????
Thanks Guy's
Paul

Cnitas

I am a new collector reading this forum trying to learn.
I looked over my Ikes after reading this thread, and I seem to have a 1972-p type 2, but it is circulated.

Supercoin seems to make out that these are exceptionally rare.

Check out the photos and let me know if this is a keeper... in other words, that glorious newbie question...how much is it worth

Thanks,
Mark

CoinHusker

Welcome to the boards!

I joined a little over a year or so ago and have learned a bunch of good stuff. I am an Ike collector but no where near an expert. Informed, maybe, but not an expert. There are planty of those who frequent the boards so just post away and you'll get some good and informed answers. Having said that, I'll put in my 2 cents worth about your T2. There are some serious marks, chatter, wear,etc on the coin, both Obverse and reverse. I don't know if it would really be worth having it graded (if you're interested in that BUT it never hurts to try though). The real value in these are in the higher grades. It's the rarity + the grade that makes some of these killer in value. It's still a nice piece to hang on to just for the rarity though. Hope that helps.


Also, you may want to post a seperate thread with your same question and pics. Sometimes after a thread has been hashed around awhile on the boards it doesn't get much attention. Just a thought.

Gandyjai

Hi Mark,

Welcome to the boards. This is a great place to learn! If you ever have
ANY question....some-one will answer it here.

Type 2 1972-P Ikes are very rare.......I find one in about every 200.
VERY hard to find in 64 and above!!

This is a well-known and highly sought-after variety for Ike collectors.....Kind of like
the three-legged nickel in Buffalos. An MS64 just went for $470 on eBay and throw out
the price guide for a 65 or 66. If you have a batch of modern coins to send in to PCGS at $12 a pop,
it is well worth it to throw in the 1972-P Type 2 Ike in most ANY condition!

Congrats on finding one!!

Gandyjai

I Ikes!

Cnitas

Thanks for the info!

Mark