Clad Ike Dollars...Somebody Will Make a MS68 Someday, Right?
OneCent
Posts: 3,561 ✭
Of all the Ike dollars graded by PCGS (25,751) only 58 are graded MS67 with 0 MS68's. I find this statistical fact to be astonishing for a Modern "Silver" Dollar. Said another way, you could look through $25,751 worth of Eisenhower dollars and expect only 0.23% to be of MS67 quality.
Will there ever be a MS68 totally clad Ike?
Will there ever be a MS68 totally clad Ike?
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
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Comments
<< <i>Will there ever be a MS68 totally clad Ike? >>
Given the TPG's fear of eating a LOT of money on their guarantee by creating a new condition megararity, I wouldn't count on it.
Grading a single Lincoln as MS-70 is good publicity worth the $13,000 exposure. The problem with the pop reports, condition rarities and grade guarantees is that they cause a few really nice coins to be graded way too cautiously.
I have one that is oh so close!!!!! If it had a touch more luster, it would make it.
I'm afraid to resubmit for fear of fingerprints!!! if it wasn't for that, it would have been in a few times.
I will also tell you the PCGS is really tough on Ike now, so in today;s grading environment there won't be a 68 clad!
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
i'm gonna send in my IKE's....
thats all there is to it. no more holdin em in my pockets...
I think it's for the better however. In my opinion there's a noticable percentage of higher end Ikes graded by PCGS, mostly prior to the last couple years, that are defintely overgraded. Rarely do I see it the other way around. There's a reason I do not have photographs of a couple in my own collection!
Actually, I think people would be rather surprised at the Ikes in the MS67 ranks that would NOT make the same grade if cracked out and re-submitted today.
One HUGE problem with the idea that .23% of Ikes are MS67 quality is that ONLY the very best are submitted for grading. That is, .23% of all the Ike's SUBMITTED for grading to PCGS made the MS67 grade. Not .23% of ALL Ike's.
.23% is 2 out of every 1,000 or, 1 in every 500.
It is simply NOT true that 1 in every 500 Ike's will make MS67 at PCGS! This is true even if you limit your search to BU rolls and Mint Sets.
It is most likely true that 100-1000 Ikes were searched for every Ike that was submitted to PCGS (possibly more). This changes the numbers to .0023% - .00023%.
1 in every 50,000 - 500,000 uncirculated Ike's making MS67 at PCGS sounds about right to me.
I have searched about 100,000 Ike's over the past 10 years and I have graded exactly ZERO MS67 CU-NI clad Ike's........MS68!!!????????
GOOD LUCK!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Wondercoin
and it sets us apart from practitioners and consultants. Gregor
Brian
I LOVE TALON HEAD, PEG LEG & ERROR IKES!
MS-68? It's a possibility for a coin like a '77 or '78-D but I don't think it's a sure thing.
The series has been gone for 29 Years and there are many serious IKE collectors out there that have been looking through thousands upon thousands of these and they just ain't there.
As mentioned earlier, the basic design of the coin limits its grading possibilities.
The name is LEE!
<< <i>Maybe!
I have one that is oh so close!!!!! If it had a touch more luster, it would make it.
I'm afraid to resubmit for fear of fingerprints!!! if it wasn't for that, it would have been in a few times.
I will also tell you the PCGS is really tough on Ike now, so in today;s grading environment there won't be a 68 clad! >>
Maybe now's the time to resubmit your coin for that "+" grade James??
The name is LEE!
<< <i>Ikes share simplicity of design with Franklins, a design that magnifies any mark. The Franklins had the advantage of being struck in silver rather than hard clad, so the planchets looked better and the coins had better luster. PCGS hasn't graded any business strike Franklin MS68. If one shows up, it'll be an exciting coin. >>
To assume the luster of clad is on the same grading level as silver is shortsightedness? amateurism? a few sheets to the wind? at it's best. darn, I can't think of a good way to put it........lack of common sense? Ummm. I give up!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection