1976-S Ike dollar MS68

jcping

The pop report just jumped from 117 (last week) to 222 (today). Is this a computer glitch

wondercoin

I reported the pop at around 185 in my ebay ads last week just to ensure no one thought it was 117 at the time (awaiting PCGS to update their report which they now have). I sold out of the (6) coins in that offering. So, it is entirely possible the pop now has climbed to 222. The rise to 185 resulted from a sizeable bulk submission, best I know. The coins I have in stock are fabulous fully brilliant specimens and, overall, very solid for the grade. Too bad there was no MS69 graded though.

Wondercoin

TWQG

I'm glad I bailed out of that one while it was still a $1000 coin.

khayse

> I'm glad I bailed out of that one while it was still a $1000 coin.
Wish I would've.

I even bought another on the way down.

-Khayse

Rampage

<< <i>The pop report just jumped from 117 (last week) to 222 (today). >>



Wow! That must have been one heck of a submission.

joeyuk

This is whare I had the pops.:
45 days ago
ms-66...1182
ms-67...933
ms-68...109

over the weekend
ms-66...1186
ms-67...1049
ms-68...188

now
ms-66...1186
ms-67...1253
ms-68...222

When I saw your lower price Mitch I checked the pops. over the weekend and updated
my spread sheet. That was ofcourse before I bought one. Joe

Rampage

Should this bring the prices down around $200.00 or so now? Or are there more at PCGS waiting to get graded??

khayse

I know it's a one year type coin and lots of people like the year 1976 but with a pop of 222 I'd say it's a $250 coin.

-Khayse

clackamas

I want one

Rampage

<< <i>I want one. >>


I do, too, but I am still reluctant to spend $200 or more on it. I think within the next year, it will come down to the levels of the 1972S. Then again, maybe it is wishful thinking.

wondercoin

"When I saw your lower price Mitch I checked the pops. over the weekend and updated my spread sheet. That was ofcourse before I bought one. Joe"

Joe: I believe I shipped your coin today - you can comment on the quality of the coin when you receive it.

I personally bought a few of the MS68 1976(s) Ikes for my collections a few months ago when the price fell down to around $700 - as many of you know, the price had been well into the $1,000+ level for a very long time. I am now selling the brilliant coins I have on ebay at $439.95. If I see them being offered elsewhere at $250 or $300 as some suggest will happen, I may modify my price, but, all I have seen thus far is other coins offered for well above my current asking price.

Wondercoin

segoja

Sell em all to me for $250/coin for real 68's.

I'll always support this market.

GRANDAM

Yea, me too!!! I will buy @ $250/ea for 1976-S MS68'S!

GrandAm

LindeDad

I like the sound of $250.00 also.

segoja

So it's clear they are worth more than $250.

Now the real question, what is someone willing to sell one for?

I'll start out at $800 for a nice one!

Rampage

So, let me ask it this way then.

Why would the prices on the 76S not come down like everything else does when more get made? I do not submit silver IKEs and I only own one that I bought a few years ago, and it is a 72S.

joeyuk

The pops. for 1972-S:
ms-67...3113
ms-68...953
ms-69...7

Pops. for 1976-S:
ms-67...1253
ms-68...222
ms-69...0

The pops. are lower for the 1976 coin and has a larger collector base. I'm not sure why
you would consider the value equal. I am looking at the price as 50% of whare it was
not long ago and I have no reason to think I am not receiving a quality coin as this is
all I have received from Mitch in the past.
When I saw Mitches lowered price and checked the pops. I understood why the price was
lowered. That struck me as a positive to Mitch for realizing the lessened value and not just
putting them up with a reserve and hoping bidders did not realize the change in population.
Also as a pop top coin you would not expect to have to sell to purchase an upgrade anytime
soon. This is all just my opinion and if you enjoy the coin and plan on holding it price I feel is
less important.

RooseyFan

I think Mitch's price seems about right. A 76-S PCGS68 just sold on Teletrade last night for $400.00 without the juice.


Butch

Rampage

joeyuk,

I actually looked at the pops after I posted that message and did not go back to edit my post.

I never said the 72 and 76 were of equal quality. I simply asked if the price of the 76 would come down to levels of the 72 eventually, or the 73 and 74 for that matter.

Also, I never said anything against Mitch and/or his pricing. I have bought from Mitch before and have also gotten good quality.

I understand the large pop differences, so clearly the 76 is currently worth a bit more.

Also, if you read my posts and see the emotion icons, you will see a wink and a big grin with my notation of "wishfull thinking". So, clearly, I knew the higher prices are reasonable.

Thank you.

wondercoin

Good discussion.

As I previously mentioned, I had personally filled my slots in my sets with these coins at around $700 per. When I saw that the pop was going up from the low 100's to the very high 100's, I decided to price the coins at $439.95 per AND EXPRESSLY STATE IN MY EBAY AD 1 WEEK IN ADVANCE OF THE PCGS POP REPORT MOVING UP THE BEST (AND MUCH HIGHER) POP NUMBER I COULD COME UP WITH so no one would be dissapointed when they saw the pop report the following week.

These coins are of super quality overall. As with any large batch - a few coins are "low end" and a few coins very high end. But, the vast majority of these coins are SOLID MS68's and the coins are full white as well.

Keep in mind also - this 1976(s) is a separate type coin and the strong demand for this particular coin comes, in part, from non-Ike collectors. I recently sold at auction a 1976(p) Kennedy Half Dollar in PCGS-MS67 (with a dozen or so pop) and it sold for something like $1,800 including the buyers fee as I recall. Obviously, a pop 12 MS Kennedy Half in general is not worth anywhere near that amount of money (not even half that amount generally!), but, the 1976 MS coins have a much, much wider audience when it comes to Ikes and Kennedys I believe.

I have found one of the toughest things to do in selling top pop moderns is developing the proper "price point". There are generally folks on both side of the point, not dissimilar to creating a point spread on a game in Vegas. I see in the marketplace every day moderns being priced WAY too low and way too high IMHO. I felt 2 weeks ago the price point would become $439.95. That Teletrade coin last night sold for $440.00 once the public auction was over and the dust settled. On the other hand - even a broken clock is right 2x a day

Wondercoin


Wondercoin

Rampage

<< <i>Good discussion.

Keep in mind also - this 1976(s) is a separate type coin and the strong demand for this particular coin comes, in part, from non-Ike collectors. I recently sold at auction a 1976(p) Kennedy Half Dollar in PCGS-MS67 (with a dozen or so pop) and it sold for something like $1,800 including the buyers fee as I recall. Obviously, a pop 12 MS Kennedy Half in general is not worth anywhere near that amount of money (not even half that amount generally!), but, the 1976 MS coins have a much, much wider audience when it comes to Ikes and Kennedys I believe.

Wondercoin >>



Mitch,

You mentioned one thing I did not account for and that was the one year type.

joeyuk

O.K. Rampage I did not understand comparing the price levels was in jest.
I was only comparing value of the two dates. And when I mentioned
the quality of Mitch's coins I was only pointing out if you thought the $439 price
was high at least it was for one that was properly graded. I didn't think I implied
that you were slamming his goods.
It's all good. If the price falls others will also and I could purchase that much
more sooner.

cdan12

What does that make my ms-67 worth,more than $1 I hope.

Gandyjai

Just using the pop figures Joeyuk posted....
An MS67 increased 34% (933 up to 1253) +320
An MS68 increased over 100% (109 up to 222) + 113
Some one has one heck of an eye!! I wish I could get one 68 for every three 67's!!
Just based on the percentage increases...obviously the 68 is affected more.
My guess on a 67 would be just under $50?

Brian

joeyuk

Mitch, I'm very happy with my coin. Looking at how free the coin is of marks makes
me wonder why I sent my 67 in for possible upgrade. I'll post scans for those interested.

wondercoin

Joe: I thought you would be - I picked it myself for you

Your scan does not capture the luster of the coin, but, it certainly captures the mark-free surfaces.

As I previously mentioned, the coins, overall, were "all there". If anyone wants information about the remaining available coins, just PM me.

Regards. Mitch

RegistryCoin

The thing I like about dealing with Mitch concerning the pop tops is that he is on top of the pop. numbers, in other words, he has, to the best of his knowledge, always revealed the up-to-date numbers. Often we see dealers using three month old pop reports to sell their coins, sometimes even older.
ps.


<< <i>Wow! That must have been one heck of a submission. >>


Another thing I like about wondercoin's approach is his ability/desire to keep us up to date concerning large submissions.

wondercoin

Thanks Steve.

And, congratulations on renaming your ALL-TIME #1 Ike Dollar Proof Collection. I do not believe I have been offered a PR70DC Ike (nor has a fresh coin been slabbed at PCGS) since the time you purchased the collection. The sheer size of that coin makes true PR70DC specimens very scarce indeed IMHO.

Wondercoin

RegistryCoin

<< <i> I do not believe I have been offered a PR70DC Ike (nor has a fresh coin been slabbed at PCGS) >>


That's the whole idea. Thank YOU !

SemperFI

I recently purchased a 1976 S MS68 from Wondercoin. This price drop was the only way I was able to purchase such a coin for my Regstry Set. I cannot wait to see the coin in hand.

COINDOG

<< <i>Yea, me too!!! I will buy @ $250/ea for 1976-S MS68'S!

GrandAm >>




Yeah, me three !!!