Proof Peg Leg Ikes?

headsplitter2

Can someone splain this to me. Whats the peg leg? I'm new to Ikes.
Thanks in advance.

Headsplitter

richbeat

Here is a very good older thread that shows the difference:

Linkified

jjrrww

I have found the 1971-S Uncirculated Peg Leg Ike to be extremely scarce. Some of my favorite places to look for coins are yard sales, estate sales, flea markets, antique shops, and of course, coin shops. In doing so, I have found a total of 5 1972 Type 2 Ikes, and only TWO 1971-S BU Peg Legs!!! They are indeed scarce, and if the price of silver continues to rise, they will get scarcer. The melt value of a silver Ike right now is around $4.25. Now, for some coin dealers, sitting on a large inventory of baggy looking Blue Pack Ikes might not make much sense if the price goes any higher. Personally, I'd like to see the price of silver go up enough to make it worthwhile for people to scrap a bunch of those coins. The over all quality is terrible.

So far, I've found Peg Legs for the following dates:

1971-D
1971-S BU
1971-S Proof
1972-D
1974-D
1976 Type II
1976-D Type II
1977-D
1978-D

I believe I read somewhere that this variety exists for the following dates, but so far I haven't had any luck:

1972 Type I
1974-S (Which type?)

The earlier years seem to be easier to find. We don't see too many 1977's and 1978's in this part of the country, so they have given me some trouble.

And, don't forget to add the 1971-D RDV006. It's not a peg leg, but it's a killer variety. Personally, I think it deserves to be called 1971-D Type 2.

By the way.....what are we going to have to do to get PCGS on board with this series? I fully believe that it would really take off in popularity if PCGS were to add these varieties to their database, and make them a part of the set. Opinions? Additions or corrections to the above list?

19Lyds

Edited to add: The pegleg is produced as a result of a die clash condition that occurs when the Obv and Rev dies come together without a planchet to separate them. As a result, parts of one die get punched into the other die. When this occurs, the dies are removed and sent to the polishing room where the fields get polished. If the fields are polished enough, the field has a tendency to get raised which causes the serifs on the R to get removed. The lower horizontal bar of the E in Liberty will also show some fading in extreme examples. PegLegs can range from straight peglegs with slight serifs to very rounded fading legs. The Fading Peglegs are most common on the 1976-D Type 1 coins as illustrated below.



Here's a good comparison of a 1971-S PegLeg vs a non-PegLeg coin.



Here's a nice 1977-D



Denver seemed to produce the most pegleg coins for whatever reasons! This particular coin has great luster but suffers from bad planchet flaws on the cheek portion. I have one other.

For the 72 T1 coins, I've got quite a few but no pics and I know of one collector that has at least two of the 74-S Proof Peglegs. I have a 78-S with a recessed leg but it's not really a pegleg.



For the RDV-006 (FEP) coin, I'd like to see this puppy in the IKE Varieties set along with the 71-S pegger! PCGS has been promising this for quite sometime now but nothing has materialized.

YET!

jmj3esq

Does anyonw kow how rare the 1974-D peg leg is?

19Lyds

The 74-D is uncommon but definitely not rare.

Any high grade Pegleg is something to hang on to though. Strictly speaking MS65 on up primarily because the die polishing has a tendency to reduce the strike quality.

Gandyjai

<< Does anyone know how rare the 1974-D peg leg is?>>

There are 2 Types of the 74-D Peg Leg Ikes...The "Regular" 74-D Pegger can be found fairly easily.
The 74-D Pegger with the "Filed Off E"....(where the top bar of the E in WE is cut in half and much shorter than
the middle and bottom bars) is quite hard to find!

Strangely enough.....at least (2) of the 2 dozen or so known 74-D Ikes struck on 40% Silver Planchets were struck
with the Peg Leg/"Filed Off E" dies.

The Peg Leg/Filed Off E "Variety" also exist in the 72-D Ike.

Peg Leg Proof Ikes can be found in 71-S, 74-S Silver, 76-S Type 2, 77-S and 78-S That I know of....

Brian

I love Variety and Error Ikes!

edited for proofs.....