WTB: 1 of the 8 new pcs PCGS MS67 1977-P IKE Dollar

GRANDAM

Pm me, e-mail me, call me, come over to the house and I will cook you dinner. BUT bring those IKE'S with you. I would love to see what the new MS67 Clads look like and would also LOVE to add one to my set>

Thanks, GrandAm

E-mail me here

USMC_6115

Someone made 9 of them? In one submission? How does that happen?

LincolnsRule

It's 8 new ones. Sego made #5 a year ago or so. I wonder if they're for real (ie not a pop report typo). I would so love to buy, not just one of them, but the nicest one of the 8. I have no money though but if I did I'd pay a huge premium! Also there's a new ms67 72-d in the pop report. I would love to have that coin even more. Oh, one more coin, not listed in the pop report yet, but a dealer told me on the phone today he just got graded a pcgs full step 69-d nickel!

wondercoin

Key date Pop 5 jumping to pop 13 on an MS67 Ike in a single day! Believe it or not, the only "safe" pop top Ikes any more are probably the Proofs. PCGS is simply not grading virtually any PR70DC's (other than an occasional "common" 78-S or 72-S Silver) these days. Meanwhile, the neat MS Ikes - pops are soaring. This is why the most expensive (non-pattern / non-error) Ike ever sold is now a Proof (and expect more of that).

Curious what James thinks of this new development?

Wondercoin

cupronik

Wonder what the grade of the PCGS full step 69-D 5c is?

cupronik

IF a 69-D 5c was indeed slabbed by PCGS as "FS" the coin will show up in the next population report
update. We'll have to wait until Sunday, 1/27 to find out. Stay tuned.

segoja

Dan50

Love to have that Jeff in my mint set....

segoja

Not sure what soaring is defined as.

If I look at the pops of the proofs in 70, they have gone up over the last few years in significantly more quantity than the MS67 clads.

Let's examine, based on July 2006 Pops compared to today.

Proofs graded 70 DCAM in July 2006 there were a total of 71 coins. Now there are 94 coins, an increase of 23 or approx 35% increase in 18 months.

On the Clad MS67's, the 71-D went up by 1, the 76-D Type II went down one, and the 77-P by virtue of the 8 new coins and my making one went up 9. There were a total of 9 new MS67 Clads made or an increase of just under 10%. The old total was 91, now it is an even 100.

If I let the facts talk, and we assume pops of MS67 Clads are soaring by virtue of one single submission, then I'm struggling for the word to describe the pops on PR70DCAM Ikes, as they have increased in population 250% faster than the MS67 Clads during the last 18 months.

wondercoin

James - My comment did not just include clads - it included silver MS as well (e.g. 71-S MS68, 72-MS69, etc). Also, did you happen to see the number of Proof coins that were graded during the same period you reference the couple dozen PR70DC coins? How many thousands upon thousands upon thousands of coins (and those are just the PR69DC coins reported in the pop report)? What % of the Proofs graded PR70DC over the past year? Compare that to what % of the MS coins graded MS67 - MS69 top pop? The "250% comment is relevant only in the context of exactly how many total coins were submitted as well. For example, if Proof submissions increased by 2,500% over MS submissions and top pops increased by 250% for proofs, isn't that a different story than if there was a straight 250% increase on equal submissions? But, putting all of that aside - I deferred to you as I did want to hear your opinion on the situation. Having heard it - I have little more to add at this point. Keep us posted if you do see any trends developing on the MS side.

Wondercoin

segoja

Mitch is correct...these are all tough coins no matter how you look at it.

More are being submitted everyday, as the prices seem to be holding steady. Demand is still strong, we jsut have to hope that quality is up to par when bulk submissions are turned in.

For me, I'll buy all 8 of the newly minted 77-P's in 67

GRANDAM

<< <i>For me, I'll buy all 8 of the newly minted 77-P's in 67 >>




James,

I started this thread,,,,, I get one of the coins

GrandAm

LincolnsRule

My mistake on the 1969-d nickel, it's an ngc coin Link

segoja

pops are going down on the 77-P down to 12.

Gary we only have 7 to choose from.

You get first crack at the group, just don't crack them out...they may be 66's.

GRANDAM

Yes, I have noticed that coins are dissappeaering everywhere in Registry Sets?

WHAT GIVES!!!!!

GrandAm

wondercoin

Gary, James, et al:

I should be getting in all (8) 1977-P MS67 Ikes tomorrow on a consignment, but, I won't have prices on the coins until the weekend as I am out of the office tomorrow. I will also investigate why only -7- MS67 are now showing up. I should also have all of the details on how this lot was achieved. But, it appears all (8) coins are "live".

Wondercoin

GRANDAM

I am interested, Please keep me posted.

GrandAm

bronze6827

Wondercoin
I am very interested as well in obtaining one of the 67's. Please consider me in line after the others. If you need more info, please PM. Thanks.

Hopefully these are TRUE 67's, and not overgraded due to a bulk submission.

sinin1

19Lyds

Well its tomorrow Mitch!

Whats the skinnies?

cladking

<< <i>Gary, James, et al:

I should be getting in all (8) 1977-P MS67 Ikes tomorrow on a consignment, but, I won't have prices on the coins until the weekend as I am out of the office tomorrow. I will also investigate why only -7- MS67 are now showing up. I should also have all of the details on how this lot was achieved. But, it appears all (8) coins are "live".

Wondercoin >>




Cool.

ttt

wondercoin

To not violate, even unintentionally, any rules of this board, any discussion on the sale of any of these coins - please let's bring it over to the BST board. I will post something in a couple moments over there.

Thanks. Wondercoin

wondercoin

For the information of Ike collectors...

After reviewing the (8) freshly made PCGS-MS67 1977-P Ikes, I am returning (1) coin to my consignor next week so he can crack the coin out of the holder and promptly return the insert tag to PCGS. I will also PM James Sego this weekend with the specific serial number of this currently graded MS67 coin, which will be cracked out of the holder next week, so he can keep an eye on things and ensure that serial number is promptly removed from the pop report by PCGS.

This will result in the 1977-P Ike having a pop of 12 in MS67 once PCGS receives the insert tag back from the submittor of the batch next week and removes the coin from the data base.

Now, bear in mind that the decision to crack out this Ike is not intended to substitute our view on the grading of the batch against PCGS' professional grading. And, in fact, at some point in the future this cracked out coin might be resubmitted by the owner (that is entirely up to him) and should it grade MS67 again, might be resold as such.

Wondercoin

dbldie55

Mitch, I can understand you not wanting to comment specifically on the coin you are returning, but why do you suggest it be removed from the holder and have the insert returned instead of having PCGS re-examine the coin?

wondercoin

dbldie55 - A number of reasons, including the fact that my consignor is relying upon my personal suggestion on this particular coin. By allowing him to crack out the coin himself (returning only the insert tag) and possibly letting PCGS see the coin down the road (his call entirely) as part of a future fresh raw submission by him, he also gets a "fair shake" - if it comes back MS67 again it will be sold by him as an MS67 coin. Could have it been done a different way - of course. But, I personally see nothing wrong with this way either.

Wondercoin.

dbldie55

Fair enough. I did not see anything wrong with it, just wondered why you went that route. I can think of reasons for doing either, so there is no right way.

itsnotjustme

The best reason I see for that route is it might come back 68??

LincolnsRule

What is the point of the pcgs grade guarantee if you (and other dealers) don't take advantage of it? I've taken advantage of it. It's kind of a headache but eventually they make it right.

So aren't you in essence throwing away $4000-$5000 here? If you can afford to lose that, can you afford to give me a free 77-p ms67 Ike?

wondercoin

LR - I believe if I sold the coin today (for any price), there is a likelihood PCGS would need to buy it back tomorrow. So, instead, the coin is being disposed of - but, in a manner fair to its owner who can do whatever they see fit with the raw coin.

Now, if anyone would like to buy the cracked out coin for a substantial discount to the current asking price of the slabbed MS67 coins, I would be happy to try to put that deal together - my consignor would likely be "tickled pink". Just PM me ASAP if you want to talk about.

Wondercoin

LincolnsRule

Does your consignor understand that pcgs has a grade guarantee, ie they will pay fair market value for an overgraded coin? If pcgs made a mistake, shouldn't they be held accountable? Wouldn't your consignor be even more "tickled pink" to get full market ms67 value for the coin in question?

wondercoin

LR - My consignor is fine with it - in fact, as I mentioned, he will personally do the "cracking" next week. And, he was fine with me revealing the serial number of the coin in question as well (James Sego now has it). He is well aware of "his rights" as a submittor to PCGS.

Wondercoin.

Dan50

<< <i>To not violate, even unintentionally, any rules of this board, any discussion on the sale of any of these coins - please let's bring it over to the BST board. I will post something in a couple moments over there. >>


Cheers to you Mitch, nice to see someone stick to the rules posted for selling on this forum.
Greed has taken hold of many on the registry forum as of late.
By the way.... I wonder if BJ knows her rules thread is floating down stream???

dbldie55

<< <i>

<< <i>To not violate, even unintentionally, any rules of this board, any discussion on the sale of any of these coins - please let's bring it over to the BST board. I will post something in a couple moments over there. >>


Cheers to you Mitch, nice to see someone stick to the rules posted for selling on this forum.
Greed has taken hold of many on the registry forum as of late.
By the way.... I wonder if BJ knows her rules thread is floating down stream??? >>



You mean the one Carol posted in 2005?

sinin1

I would imagine if the submitter knows enough to have to be able to submit a mob of 66's and 67's,

they know how PCGS works


I can only imagine they got very lucky with some mint sets
or they looked at 1000's of 77's (maybe they looked at 1000's of mint sets)

Mitch,
do you happen to know the history of how these were acquired/accumulated before submission?

wondercoin

Sinn1 - I have been told that the coins came from (3) Mint Sewn bags of $1,000 coins each which my consignor purchased in the late 1990's and held for close to 10 years or longer before deciding to crack open and grade recently. Trulya rare find these days - I seldom (perhaps never) hear of even a single fresh bag of 1977-P Ikes being available for purchase, let alone -3- of them.

Wondercoin

GRANDAM

The overgraded coin was removed and another MS67 was graded at a later date.

I wonder where the other coins are? I have not seen them come up for sale lately?

GrandAm

19Lyds

I'd sure like to have one of these but unfortunately, someone else keeps winning that danged Lottery!

Now if a seller posted, perhaps a trade could be worked out?

bronze6827

Trust me, you don't want the ones from the mint bag bulk submission.

GRANDAM

OK, since we have drug this up from the past I read on these boards once before that Bulk Submissions start with the number 7,,,,,,,,, these coins have a serial numbers starting with 1190,,,,,what gives?

GrandAm

19Lyds

<< <i>OK, since we have drug this up from the past I read on these boards once before that Bulk Submissions start with the number 7,,,,,,,,, these coins have a serial numbers starting with 1190,,,,,what gives?

GrandAm >>



Bulk submissions do not always startwith a 7 Gary. My one and only IKE bulk submission started with 1204..... while one of my Presidential Dollar FDI Bulk submissions started with 1306....

bushmaster8

I think at one time a SN starting with 7 was indicative of a show graded coin, not a bulk.

Gandyjai

There were bulk batches of Ikes with the serial numbers starting with 7 a few years ago. The only
bulk batch I ever sent in had it....and other bulk batches around that time did as well. I believe they did
it for awhile, until people figured out the "7"= bulk batch deal...then, they switched to a more discreet bulk numbering system?
I think the big 76-S Ike MS68 batch may have started with a 7 as well? Maybe some one who
has sent in more bulk batches of Ikes over the years could shed more light on bulk Ike serial numbers?

This is one I still have from my one and only bulk Ike batch.



Brian Vaile

I Love DIVA & Error Ikes!

edited to add pic and info

GRANDAM

Well, I did lots of silver IKE'S in bulk a few years back. All of them started with #7 including this puppy,,,, my

"Most Famous" #7 :



Sold her to a fellow board member. Wish I had her back

The semi circle is just a reflection.

BTW, normally I would not post a photo of a coin that is no longer mine but I have followed this coin over the years and the cert number is no longer active so I ASS/U/ME it has been reholdered,,,,, it certainly wasn't upgraded so I don't see what it can hurt

GrandAm

bushmaster8

Oh yes! I remember THAT bulk submission Gandyjai! That was a sobering box of coins, eh?

Gandyjai

Oh yes! I remember THAT bulk submission Gandyjai! That was a sobering box of coins, eh?

It SURE was!!...
That's when I decided to start collecting Ike Errors and Varieties.

Brian

I Love DIVA & Error Ikes!