why are 1972 type 2 Eisenhowers worth so much?
sinin1
Posts: 7,500 ✭
I think I have recently seen AU's going for $50 on eBay
weren't there near 100,000 minted?
weren't there near 100,000 minted?
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If the series takes off in popularity they will go much higher.
<< <i>I think I have recently seen AU's going for $50 on eBay
weren't there near 100,000 minted? >>
That's probably not far off for a mintage but there are a lot "missing". Most of these
probably still exist but are in a highly degraded and far flung condition. Many were used
in Caribbean casinos where they were subjected to the many small scratches that this
type of wear imparts and then taken home all over the world as souvenirs. Nice AU's
would be a pretty good grade and many of the missing coins will be destroyed before
the owner knows they are of value.
There are only a couple thousand serious Ike collectors (if that) but there are far larger
numbers of casual collectors and horders. It is probably demand from the more casual
collectors driving the price.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
How about 71-D, 71-S, 72-D and 74-D Peg-Legs? Also look for Errors such as clashed dies, strike-thrus or rotated reverses.
Toners are always in demand...and don't forget the 2 that were stuck on the ends of the brown paper rolls....
Those End-Of-Roll Toners can be really nice!
Brian
I LOVE
What is a peg-leg? Do you have a picture?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
the only semi expensive coins left where a forum member can
come into the thread and wishes to check his horde for expensive
dates.
makes one think about if they are really rare or just sitting in odd
places
not a single pic for me to look at. sigh
come on fellows, post some pics!
I'll let you know if they're sitting in odd places once I figure out what I'm looking for!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
click here
<< <i>But first, what's a "type 2"? >>
Look at the moon on the reverse. The placement of caribbean islands is one way to tell, although the shape of the upper edge of the moon is a way I find easier to see on some coins.
Type 1 : Type 2 : Type 3
Here's a good example of a peg-leg -- the key detail is the the lower serif on the letter R in LIBERTY.
There are also a few DDOs and DDRs, IIRC...Mike
because if not, i am really disappointed in the variety.
now if it stands out to anyone who compares 3 together
on a table, well very cool then. Anyone with a brain can
see how they differ.
magnification to see it or no?
Mike has good pics/explanation
but actually the eagle is on the moon - look at the earth above and to the left of the eagle's head
<< <i>ah moderns.
the only semi expensive coins left where a forum member can
come into the thread and wishes to check his horde for expensive
dates.
makes one think about if they are really rare or just sitting in odd
places
not a single pic for me to look at. sigh
come on fellows, post some pics! >>
Does it really matter if there are 5,000 of a coin sitting in old collections or 5,000 of a different coin sitting in sock drawers?
Are the coins sitting in sock drawers automatically more common or just often less expensive?
People still find old rare coins in attics yet some collect the coins anyway.
This is really one of the neatest things about moderns; you can find them. Sure,
the chances of finding a specific rare moderns aren't very high because this is the
nature of rare coins, there aren't many. But there are lots of great moderns and
great moderns in the right grade just because people haven't been looking and in
a sizable accumulation you are likely to find something.
A lot of the best moderns don't even carry a premium yet but, unfortunately, you'll
have to find most of these yourself because dealers don't carry them.
Sorry, I spaced out....Mike
"The Var.II silver-clad proof without S was reportedly found in a Washington D.C., department store cash register, early 1977; later via Devonshire Galleries to Andy Lustig." Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins.
and it sets us apart from practitioners and consultants. Gregor
and it sets us apart from practitioners and consultants. Gregor
Before I start looking, can somebody please tell me which DD's I should be looking for???
Thanks!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
There are dozens of silver and PR DD's and a few hub doubled circulation issues.
None of the circulation issues are a very large spread so are of interest primarily to specialists. The '76-D is among my favorites and can be seen on the 1 of 1776.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Thanks for the responses! I'm digging in to them now. Will let you know what I find! >>
Isn't 8 months enough time to train Aki to do the searching for you?
Who do you think dug these up from my neighbor's backyard?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
because if not, i am really disappointed in the variety.
now if it stands out to anyone who compares 3 together
on a table, well very cool then. Anyone with a brain can
see how they differ.
magnification to see it or no?
to fc-----yes, the variety can be seen with the unaided eye and good lighting but i always look with a 6X glass. as with most good varieties, once you see it and know the difference, you'll always see it when looking at coins. i remember it like this; Type 1, Islands to the right/Type 3, Islands to the left/Type 2, no Islands. also, as MikeInFL said, if you look at the earth and see no outline at the extreme left. look closer!!
all three types in grades above MS63 are worth keeping, perhaps not worth getting graded, but worth keeping. as far as the scarcity of Type 2 coins, try to remember that this issue only came in rolls and bags so they degraded from the Mint on forward. additionally, the variety wasn't known to the general collecting community until Breen listed it in his Encyclopedia and it wasn't considered a valuable collector variety and chased until about 4-5 years ago, though some astute individuals were ahead of the game.
all MS Type 2's and and any high grade 1972's are wise put-away coins.
Nice rolls of any 1972 IKE's can cost you plenty. Not just because of the T2 but because 1972 was a tough year for Philadelphia produced IKEs. Only 21 have made the 66 mark in the pop reports with only 4 of those T2's.
The name is LEE!
It's probably worth looking for the 1974-D and the 1977-D on the 40% silver planchets.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>50 bucks for an AU Ike??? OK, I guess this means I should look through my hoard of Ikes. But first, what's a "type 2"? And while we're on the subject, what else should I be looking for? >>
Something about a rounded, well defined planet earth and the ability to see the Panama Canal.
Sorry, I'm on snooze control when it comes to this stuff. The "two headed" Eisenhower commemorative silver dollar with his farm house on the reverse is an interesting coin, but it's not worth much over melt. Regular Ikes about as interesting a shot machine tokens.
One friggin' AU 72 T2 and that was it! Nothing else in the way of varieties, nothing nice enough to slab. Please don't let me do that again!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Personally, I'll support the market, but I won't go so far on the microscopic varieties.
The Type II 72-P is easily recognized with the naked eye, and hence a collectable. It's also listed in the Red Book which "puts it on the map"
As for rare, I've looked for over 20 years for them, and found a grand total of 1 coin. bought and sold many, but cherry picked only one. i think it is a very tough coin, and will always prove to be such, particularly in high grade!
BTW the pop in 66 for the 72-P just went up by one. I made one last week! (Type III)
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
interesting but Ikes are relatively devoid of varieties. Half dollars and quarters
are more interesting. While dime varieties are few, they are all pretty dramatic.
Congrats.
I've cherry picked a grand total of zero Ty2s
I need to step up my search efforts