Ike masters, is this a good peg leg?

goldie88

I know there is some peg legs, this one in particular is a 71-S Proof with a doubled die obverse, is this normal or is this a good variety? Just picked up a bunch of coins in a collection and this is the first one that stood out. If this is a peg leg and ddo what kind of value does it have, it is for sale and is a very high grade cameo although it is uncertified. I am looking at a 71-S prf ike graded by PCGS as 69 DCAM and I believe this coin is in that category. Thanks for the help and if someone is interested in this coin shoot me a PM. Happy Holidays to everyone!!

19Lyds

Yes your coin is a Pegleg and a DDO to boot. I don't know which DDO it is but the spread seems on the light side. A bigger spread would mean a bigger premium.

Currently, being a 1971-S PegLeg and being a DDO does not mean it has high marketability. That coupled with the fact that it is raw means you may only be able to squeeze $10, maybe $15 bucks out of it provided someone is specifically looking for that type of coin.

There will be an article on Peglegs in the January issue of the The Numismatist that was written by "The IKE Bunch" which may change the way folks view the peglegs. This in turn could change the dollar amounts folks are willing to cough up for them as well.

My advice to you, is to hang onto your coin until after the article comes out.

goldie88

Thanks for the info!! Yeah the spread is not that great but it is better than my picture, I am still trying to figure out the microscope picture stuff. Thanks again for the info, I guess at that price I might as well hang on to it!! Happy Holidays!!

ModernDollarNut

Goldie, you should get a kick out of our article. Explains that your peg leg is quite "faded". The original Design has a robust peg leg but proof re-treatments (re-frosting and re-poishing), over and over to maintain a high percentage of proofs with cameo, progressively stripped away field metal into which the incusive devices are sunk.

The peg leg, though robust originally, was in rather low relier, flat off the field instead of mounded up, so it was vulnerable to the re-treatments and would begin to fade or sink into the field.

Yours is quite faded but not yet at the extreme of fading. Our guestimate is 5 % look like a beaver had fun on the leg and 10%, maybe a bit more appear to have no fade at all.

ProofArtworkonCircs

Before somebody asks "what article?

(I am beginning to realize every thread seems to be independent of every other one.)

It will be in the January "The Numismatist." Note the return of "The" to the title.

ProofArtworkonCircs

Sorry about that, Lee.

I see you already mentioned that (where the article appears).