Rare is a 1874-CC dime in any grade. Probably 20-30 still around.
And so on."
(Ultra) Rare is a 1976 NO S Silver Proof (Presentation Piece) Ike Dollar (Pattern). Mintage 3 (struck in 1974 actually) and 2 melted by the US Mint in 1974 following the ANA Exhibit of the (2) specimens. Yes, it is my favorite coin I own, hands down and I am proud to own it.
The 1972 Ty 2 Ike in PCGS-MS66 is a very special coin - I would love to own one myself. Congrats on the sale DRG!
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
I think the coin is worth a lot more than it sold for and will continue to appreciate. Not that I am surprised or upset about the sale price, it sold for about what I guessed it would.
It is the rarest coin in the series in the highest grade obtainable. History repeats itself and key coins in TOP POP appreciate more than any other coin in the series. It will continue to rise in value!
I have searched hundreds of thousands of Ike's and have found 10 1972 T2 coins. The best was a single MS64, the majority are AU.
You CAN NOT get MS Ike's from the bank, the mint, the Fed's or any where else, other than from dealers and other collectors. Many Ike's circulated and unlike the Silver dollars they were not hoarded. The 1971 & 1972 coins were not included in mint sets so other than the few bags and rolls that were saved there is no definite number that were saved from circulation. The 1973-1978 Ike's were all added to the mint sets so we know that about 2 million per year were not dumped immediately into circulation. No one knows how many of the 1971 & 1972 coins were saved.
I have seen 5 unopened 1,000 coin bags of Ike's in the past 6 years. Of the 3 that I purchased the average quality of 2 of them was MS61-2 and the best were MS64 (one bag was 1972 P's - all Type 3's, the other bag was 1978 P's). The third bag was a REAL EXCEPTION. I made about 20 MS66's and more MS65's than I can remember. It was a bag of 72 D's.
When I first moved to Vegas Ike's were still being used in the slot machines. Circulated would be a generous description of these coins. They were down right beat to SH1T!!
Uncirculated Ike's are still dirt cheap. Rolls can be purchased for $60 or less of most dates. This is not a statement that they are common or that they will never be worth more.
Uncirculated Bags of Morgan’s were available in the 50-60's and were dirt cheap. Circulated Morgan’s were available by the thousands at face value. They were being used in the slots in Vegas.
All that is now being said about the Ike's was said about the Morgan's then.
One last thing in regard to this subject, I don't think that the Morgan Dollars had as much curculation as many seem to believe. In fact, I think the Morgan Dollar, at the time, saw the same circulation as the IKE dollars of our time. In other words, a big bulky coin is just that, a big bulky coin! Most were either kept in bank vaults in bags or were used in slot machines. Those that did hit the cash registers in the local grocery store were probably left over from some gambling adventure. History does repeat itself!
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
<< <i>One last thing in regard to this subject, I don't think that the Morgan Dollars had as much curculation as many seem to believe. In fact, I think the Morgan Dollar, at the time, saw the same circulation as the IKE dollars of our time. In other words, a big bulky coin is just that, a big bulky coin! Most were either kept in bank vaults in bags or were used in slot machines. Those that did hit the cash registers in the local grocery store were probably left over from some gambling adventure. History does repeat itself! >>
Great post.
There is one big difference in how these circulated; there aren't warehouses and backrooms all over the country full of uncirculated Ikes.
First, Ikes are not rare coins, there are millions of virtually every date/mint mark.
The 72-P Type II is a variety, and is scarce, not rare. The issue finding these is most dealers do not carry Ikes to shows as they are very heavy, and most sell for $2-5/coin. By the roll, even less. This coin, while scare is prohibitively rare in high grade. Brain pointed out why. Additionally strong strike and good luster are required for higher grades, and this date normally does not have either attribute.
Ikes are VERY rare in high grades, except several of the 40% silver "S" mints which are as common as 81-S Morgans in high grade.
For everyone that says these are common in high grade, they just don't have time to go through the "millions" that are out there, consider what they are selling for in MS67 (Clads are around $5000/coin), go find them. Find them for me. I'll buy them all. As Russ said, report back on how many you find. We'll be waiting a long time.
The other neat thing about Ikes is the extremely rare coins that this short lived series produced.
1974-D Silver maybe 30 known 1976-D Silver Type I unsure of existence, probably less than 5 exist 1976-D Silver Type II I know of one (I own it) and Breen says one exists. My guess is less than 5 exist 1977-D Silver maybe 12-15
1976-P Proof Silver 3 known Like more detail if anyone has it 1976-P Clad Type II 1 known Like more detail if anyone has it
These are truly rare coins, many times rarer than the 69-S Double Die Lincoln. One day they will shine in the sun with all the other truly rare US Coins.
Lastly with the impending Presidential Dollar series forthcoming, what do you think will happen to demand for other Dollar coins with Presidents on them????? Think about that for a second.
James - You can add one other Ike to your list of GREAT RARITIES...
When I bought the 1976 NO S Proof Silver Ike at auction a number of years ago the next lot was an amazing DIE CAP Ike Dollar - the coin looked like a soup bowl it was so amazing and you could literally enjoy a bowl of soup if you wanted to drink from it!! At the time, I thought I stretched and stretched for the coin and was the underbidder at around $17,000 as I recall. Of course, now I know better.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
I've only seen one DIE CAP Ike and it was at FUN this year. My jaw dropped! It was the most amazing Ike I have ever seen! I think it was graded an amazing MS67? Sounds like it might be the one Wondercoin saw? It was in the Ohio group of coins that David Lawrence had. I think it was a 77-P and priced at $35K. I love Ike errors but that one was WAY, WAY out of my range!!!!
I was able to get a nice 74-D Silver there, (from James) that is also a PEG-LEG!
Nice clarity on the term "rare" when talking about IKEs James. On the US Coin Forum, I pulled this link out which is very informative with regard to the IKE series.
Virtually all coins hold some fascination with the person that collects them and the only reason I have posted to this thread is that I find it disturbing to have a collector of one series will out and out bash the series that another collector prefers! It doesn't really matter what the reasons are or how it is justified! Its just plain rude! Someone once said "If you don't have anything nice to say, then don't say anything at all!" Just move on to the next thread please.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
I was not bashing the Ike series or people who collect them. I was merely pointing out that they are not rare. Yes, in high grade they are hard to find. But there are millions of every date and mm out there somewhere in some grade. And I am NOT saying there are millions of the ty2 72. Someone who knows Ikes says there are 100,000 and I believe him on that.
I did not entend to offend anyone on this matter. I was just shocked and still am that a coin with 100,000 pop could sell for that kind of money. I know that all 100,000 are not accounted for and probably never will be. I just can't see spending big money on ultra high grade when the coin can be had cheap in a lower grade. I feel this way about all series, not just the Ikes.
MY turn. Ike's are NOT rare as many have said. YES, the type 2 is scare. I have found about 5-6 from dealers for less than $4 each. I have had them graded at PCGS and average is MS 63. Resubmitted one that is almost exactly like the 65's I have and it stayed as a 63. I have the letter from David in front of me. He says NO WAY a 64! I guess those in 65 holders should be 67's?
The Ikes and Kennedys can STILL be found in the slots. When I get my Kennedys from the bank, I take out the silver ones and return the rest in my local casinos. My banks don't take them back. Have you seen the coins from a slot machine? They are UGLY!!!! Ikes are ugly to start, were poorly struck, big and baggy. When received in change, they are usually thrown in a piggy bank, drawer, etc and get very banged up. The slot coins are for melting only-and NOT even good enough for that! They are conditionally scare/rare.
When trying to complete a registry, does it mattter if a coin is rare or conditionally rare? SURE, the 1894-s dime won't be in many people's registry, or ANY set for that matter. How many people will have MS 67 Ike's in their registry sets? I know Kennedys. How many people have non-SMS MS 69's in their sets? I know a SINGLE person with 2 coins(right Richard?)!! Only the 2001 has a pop of more than 1 in MS 69. If you want the number one set(whom doesn't?) either raw or registry wise, don't you NEED the top pop coins?
I have had almost complete bust/barber sets half sets and flowing hair half coins. I loved them then and sold most of them. I think they're OK, but, prefer Kennedys for right now. I don't bash the old/new/foreign coins etc and don't think ANYONE should be bashing any one else's coins/tastes. This coin sold for $16K because it's WORTH $16K!!!! Right? If not, it wouldn't sell for $16K. Someone paid over $4 milion for the 1913 nickel. Was that a bad deal? If he/she bought gold/silver/platinum instead, they could buy two of those 1913 nickels right now. Was he wrong to buy it? I bet he is still in love with the coin and deservidly so!
I talked to my grandmother a couple hours ago while she's in the hospital. I don't know if she'll get out alive or not. She's 90. I talked about how when I was a small kid, my grandfather gave a a Kennedy half. I dropped it into the side air vent of her fireplace. I never got it out. She told me she has never cleaned out the fireplace where it fell. That was over 30 years ago. When I go to visit shortly, I am going to try and find it. If I do find it, you would not be able to get it from me for a million dollars. Why? Sentimental reasons. I'd rather have that old, dirty,ugly coin. If I find it, I will NOT clean it, no matter how bad it looks!! It would give me part of my childhood back. There is NO price for that. As it is probably the same for many here on the boards. Many have started collecting because their Dad, etc got them interested. Maybe that's why the person paid 4 milion on the 1913 nickel. How many have ever dreamed of owning it? I used to. Even if I had the money, I wouldn't get it now. My tastes have changed.
PLEASE stop the bashing. We are all different with many tastes. It's good to have a difference of opinions, but, to get hostile is unacceptable. I just gave a young girl a "golden" dollar and her brother a well used Morgan dollar. You should have seen their eyes! maybe they will be here in 20-30 years saying the same exact things about coins. Spice is the variety of life. Congradulate DRG for his sale, and congradulate the buyer. Both will have made a profit on the coin. Both will have been made happy owning the coin. Isn't that what collecting is all about? The title is about the coin selling for a large amount. It doesn't ask whether it was crazy or not, does it? Does it ask if it was right or wrong? I have collected antique glass for about the same time as coins. I have NOT sold a SINGLE piece of glass. I have sold less than a dozen coins and have bought thousands. I have given away/traded dozens. The coins I have got from Richard Green are a part of my set and are treasured because of their provenance and his friendship. NO WAY will they be for sale. I am a COLLECTOR, not a dealer and that's OK because it makes me happy. I can EASILY sell several of the Kennedys for MORE than twice the price I paid, or more. Money doesn't make me happy. Reaching a goal that I set makes me happy. It will take me MANY years to reach my newly set goal. BUT, that's OK because it's just a goal. Goals can be reached or not. Does it make you less of a person because you don't reach a goal? Are you less opf a person because you can't reach #1 in the registry? I started with a goal of 100% complete Kennedy set. I have reached that goal. NOW, I am working on upgrading the set at a VERY high price per coin for upgrades!! I KNOW I will have help along the way and I WILL help others even though they will pass me in the rankings. WHY? Because I LIKE to help others and that's part of the enjoyment of my coin collecting. I'll NEVER be #1, BUT, I HAVE reached my goal and that makes me VERY happy!!! ) What makes you happy? For my birthday, my wife has agreed to allow me to purchase another upgrade for my set. At the current rate, it will take me about 10 years to reach my goal, but, that's OK because it's a GOAL, not a REQUIREMENT at ALL costs!! If I were a milionaire, I would be able to reach my goal slightly quicker, BUT, it would NOT be in other areas. Same goal, differnt time line(I think anyway!). A LOT of the joy is in the pursuit of the goal, NOT attainment!!! My raw set still has many holes, but will get there? Just my fifty cents. Ray PS: Edited for spelling and a few other sentences. I didn't do very well in anglaish(sp?) in skool! LOL
You only live life once, enjoy it like it's your last day. It just MIGHT be!
Comments
Rare is a 1874-CC dime in any grade. Probably 20-30 still around.
And so on."
(Ultra) Rare is a 1976 NO S Silver Proof (Presentation Piece) Ike Dollar (Pattern). Mintage 3 (struck in 1974 actually) and 2 melted by the US Mint in 1974 following the ANA Exhibit of the (2) specimens. Yes, it is my favorite coin I own, hands down and I am proud to own it.
The 1972 Ty 2 Ike in PCGS-MS66 is a very special coin - I would love to own one myself. Congrats on the sale DRG!
Wondercoin
It is the rarest coin in the series in the highest grade obtainable. History repeats itself and key coins in TOP POP appreciate more than any other coin in the series. It will continue to rise in value!
I have searched hundreds of thousands of Ike's and have found 10 1972 T2 coins. The best was a single MS64, the majority are AU.
You CAN NOT get MS Ike's from the bank, the mint, the Fed's or any where else, other than from dealers and other collectors. Many Ike's circulated and unlike the Silver dollars they were not hoarded. The 1971 & 1972 coins were not included in mint sets so other than the few bags and rolls that were saved there is no definite number that were saved from circulation. The 1973-1978 Ike's were all added to the mint sets so we know that about 2 million per year were not dumped immediately into circulation. No one knows how many of the 1971 & 1972 coins were saved.
I have seen 5 unopened 1,000 coin bags of Ike's in the past 6 years. Of the 3 that I purchased the average quality of 2 of them was MS61-2 and the best were MS64 (one bag was 1972 P's - all Type 3's, the other bag was 1978 P's). The third bag was a REAL EXCEPTION. I made about 20 MS66's and more MS65's than I can remember. It was a bag of 72 D's.
When I first moved to Vegas Ike's were still being used in the slot machines. Circulated would be a generous description of these coins. They were down right beat to SH1T!!
Uncirculated Ike's are still dirt cheap. Rolls can be purchased for $60 or less of most dates. This is not a statement that they are common or that they will never be worth more.
Uncirculated Bags of Morgan’s were available in the 50-60's and were dirt cheap. Circulated Morgan’s were available by the thousands at face value. They were being used in the slots in Vegas.
All that is now being said about the Ike's was said about the Morgan's then.
History repeats it’s self.
It is not different this time.
It is never different this time.
History does repeat itself!
The name is LEE!
<< <i>One last thing in regard to this subject, I don't think that the Morgan Dollars had as much curculation as many seem to believe. In fact, I think the Morgan Dollar, at the time, saw the same circulation as the IKE dollars of our time. In other words, a big bulky coin is just that, a big bulky coin! Most were either kept in bank vaults in bags or were used in slot machines. Those that did hit the cash registers in the local grocery store were probably left over from some gambling adventure.
History does repeat itself! >>
Great post.
There is one big difference in how these circulated; there aren't warehouses and backrooms all over the country full of uncirculated Ikes.
First, Ikes are not rare coins, there are millions of virtually every date/mint mark.
The 72-P Type II is a variety, and is scarce, not rare. The issue finding these is most dealers do not carry Ikes to shows as they are very heavy, and most sell for $2-5/coin. By the roll, even less. This coin, while scare is prohibitively rare in high grade. Brain pointed out why. Additionally strong strike and good luster are required for higher grades, and this date normally does not have either attribute.
Ikes are VERY rare in high grades, except several of the 40% silver "S" mints which are as common as 81-S Morgans in high grade.
For everyone that says these are common in high grade, they just don't have time to go through the "millions" that are out there, consider what they are selling for in MS67 (Clads are around $5000/coin), go find them. Find them for me. I'll buy them all. As Russ said, report back on how many you find. We'll be waiting a long time.
The other neat thing about Ikes is the extremely rare coins that this short lived series produced.
1974-D Silver maybe 30 known
1976-D Silver Type I unsure of existence, probably less than 5 exist
1976-D Silver Type II I know of one (I own it) and Breen says one exists. My guess is less than 5 exist
1977-D Silver maybe 12-15
1976-P Proof Silver 3 known Like more detail if anyone has it
1976-P Clad Type II 1 known Like more detail if anyone has it
These are truly rare coins, many times rarer than the 69-S Double Die Lincoln. One day they will shine in the sun with all the other truly rare US Coins.
Lastly with the impending Presidential Dollar series forthcoming, what do you think will happen to demand for other Dollar coins with Presidents on them????? Think about that for a second.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
When I bought the 1976 NO S Proof Silver Ike at auction a number of years ago the next lot was an amazing DIE CAP Ike Dollar - the coin looked like a soup bowl it was so amazing and you could literally enjoy a bowl of soup if you wanted to drink from it!! At the time, I thought I stretched and stretched for the coin and was the underbidder at around $17,000 as I recall. Of course, now I know better.
Wondercoin
It was the most amazing Ike I have ever seen! I think it was graded an amazing MS67?
Sounds like it might be the one Wondercoin saw?
It was in the Ohio group of coins that David Lawrence had. I think it was a 77-P and priced
at $35K.
I love Ike errors but that one was WAY, WAY out of my range!!!!
I was able to get a nice 74-D Silver there, (from James) that is also a PEG-LEG!
Brian
I LOVE
IKE Commentary
Virtually all coins hold some fascination with the person that collects them and the only reason I have posted to this thread is that I find it disturbing to have a collector of one series will out and out bash the series that another collector prefers! It doesn't really matter what the reasons are or how it is justified! Its just plain rude!
Someone once said "If you don't have anything nice to say, then don't say anything at all!" Just move on to the next thread please.
The name is LEE!
I was not bashing the Ike series or people who collect them. I was merely pointing out that they are not rare. Yes, in high grade they are hard to find. But there are millions of every date and mm out there somewhere in some grade. And I am NOT saying there are millions of the ty2 72. Someone who knows Ikes says there are 100,000 and I believe him on that.
I did not entend to offend anyone on this matter. I was just shocked and still am that a coin with 100,000 pop could sell for that kind of money. I know that all 100,000 are not accounted for and probably never will be. I just can't see spending big money on ultra high grade when the coin can be had cheap in a lower grade. I feel this way about all series, not just the Ikes.
Jon
The Ikes and Kennedys can STILL be found in the slots. When I get my Kennedys from the bank, I take out the silver ones and return the rest in my local casinos. My banks don't take them back. Have you seen the coins from a slot machine? They are UGLY!!!! Ikes are ugly to start, were poorly struck, big and baggy. When received in change, they are usually thrown in a piggy bank, drawer, etc and get very banged up. The slot coins are for melting only-and NOT even good enough for that! They are conditionally scare/rare.
When trying to complete a registry, does it mattter if a coin is rare or conditionally rare? SURE, the 1894-s dime won't be in many people's registry, or ANY set for that matter. How many people will have MS 67 Ike's in their registry sets? I know Kennedys. How many people have non-SMS MS 69's in their sets? I know a SINGLE person with 2 coins(right Richard?)!! Only the 2001 has a pop of more than 1 in MS 69. If you want the number one set(whom doesn't?) either raw or registry wise, don't you NEED the top pop coins?
I have had almost complete bust/barber sets half sets and flowing hair half coins. I loved them then and sold most of them. I think they're OK, but, prefer Kennedys for right now. I don't bash the old/new/foreign coins etc and don't think ANYONE should be bashing any one else's coins/tastes. This coin sold for $16K because it's WORTH $16K!!!! Right? If not, it wouldn't sell for $16K. Someone paid over $4 milion for the 1913 nickel. Was that a bad deal? If he/she bought gold/silver/platinum instead, they could buy two of those 1913 nickels right now. Was he wrong to buy it? I bet he is still in love with the coin and deservidly so!
I talked to my grandmother a couple hours ago while she's in the hospital. I don't know if she'll get out alive or not. She's 90. I talked about how when I was a small kid, my grandfather gave a a Kennedy half. I dropped it into the side air vent of her fireplace. I never got it out. She told me she has never cleaned out the fireplace where it fell. That was over 30 years ago. When I go to visit shortly, I am going to try and find it. If I do find it, you would not be able to get it from me for a million dollars. Why? Sentimental reasons. I'd rather have that old, dirty,ugly coin. If I find it, I will NOT clean it, no matter how bad it looks!! It would give me part of my childhood back. There is NO price for that. As it is probably the same for many here on the boards. Many have started collecting because their Dad, etc got them interested. Maybe that's why the person paid 4 milion on the 1913 nickel. How many have ever dreamed of owning it? I used to. Even if I had the money, I wouldn't get it now. My tastes have changed.
PLEASE stop the bashing. We are all different with many tastes. It's good to have a difference of opinions, but, to get hostile is unacceptable. I just gave a young girl a "golden" dollar and her brother a well used Morgan dollar. You should have seen their eyes! maybe they will be here in 20-30 years saying the same exact things about coins. Spice is the variety of life. Congradulate DRG for his sale, and congradulate the buyer. Both will have made a profit on the coin. Both will have been made happy owning the coin. Isn't that what collecting is all about? The title is about the coin selling for a large amount. It doesn't ask whether it was crazy or not, does it? Does it ask if it was right or wrong? I have collected antique glass for about the same time as coins. I have NOT sold a SINGLE piece of glass. I have sold less than a dozen coins and have bought thousands. I have given away/traded dozens. The coins I have got from Richard Green are a part of my set and are treasured because of their provenance and his friendship. NO WAY will they be for sale. I am a COLLECTOR, not a dealer and that's OK because it makes me happy. I can EASILY sell several of the Kennedys for MORE than twice the price I paid, or more. Money doesn't make me happy. Reaching a goal that I set makes me happy. It will take me MANY years to reach my newly set goal. BUT, that's OK because it's just a goal. Goals can be reached or not. Does it make you less of a person because you don't reach a goal? Are you less opf a person because you can't reach #1 in the registry? I started with a goal of 100% complete Kennedy set. I have reached that goal. NOW, I am working on upgrading the set at a VERY high price per coin for upgrades!! I KNOW I will have help along the way and I WILL help others even though they will pass me in the rankings. WHY? Because I LIKE to help others and that's part of the enjoyment of my coin collecting. I'll NEVER be #1, BUT, I HAVE reached my goal and that makes me VERY happy!!!
Jon
I really took offense at the term "stupid money" in Jon's original post which was backed by invalid reasoning based on a lack of knowledge.
The name is LEE!
Every now and then I remind my kids, that's why they paint cars different colors!