My First 72' Ike Type-2 and Type-3 reverses and they were a Bank score!!!
RunnersDad
Posts: 1,080 ✭✭✭
I walked into my bank today to deposit a check and while at the window asked them if they had any half dollars or Ike's. The teller did not have any Half Dollars but she did have 10 dollars worth of Ike's so I happily took them from her. 6 of the Ike's were Bicentennial's but were all the more common type...nothing special. There was one 73-P in AU condition....and then there were 3 72-P's.
I got home where I was able to look at them more closely and to my surprise I believe I found my first Type 2 and my first Type 3!!! Here are the pics...I compared them to the diagnostics on the Ike group website so I am fairly certain that I have them identified correctly. I would like too add that I believe the Type-2 is the August variety as I could not find any of the appropriate diagnostic points that indicate a "March". Also is the Type-2 worth getting graded?
Thanks for looking!
1972 Eisenhower Type-2 Obverse
Reverse
1972 Eisenhower Type-3 Reverse
I got home where I was able to look at them more closely and to my surprise I believe I found my first Type 2 and my first Type 3!!! Here are the pics...I compared them to the diagnostics on the Ike group website so I am fairly certain that I have them identified correctly. I would like too add that I believe the Type-2 is the August variety as I could not find any of the appropriate diagnostic points that indicate a "March". Also is the Type-2 worth getting graded?
Thanks for looking!
1972 Eisenhower Type-2 Obverse
Reverse
1972 Eisenhower Type-3 Reverse
Mike
Visit my son's caringbridge page @ Runner's Caringbridge Page
"To Give Anything Less than Your Best, Is to Sacrifice the Gift" - Steve Prefontaine
Visit my son's caringbridge page @ Runner's Caringbridge Page
"To Give Anything Less than Your Best, Is to Sacrifice the Gift" - Steve Prefontaine
0
Comments
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
and it sets us apart from practitioners and consultants. Gregor
<< <i>nice finds daddy-o! >>
A rare lucy sighting!
As for grading, thats your call. Personally, I would not hesitate.
The name is LEE!
Sure sounds like it's an August T2, and pre-clash if there is no "Talon Tip" on Ike's temple and no abrading over the Jaw Line region.
As ?PCGS holdering? -
--- First make sure there are no signs of "harsh cleaning" like hairlines that run over the surface of the coin, would be a shame to spend the $20 +/- and get it back in a plastic flip;
--- If the coin has decent in-hand appeal, ie if it is above average for grade, that's a plus.
Personally, I'd keep it out of heavy plastic unless your Ike collection is PCGS holdered.
If you're planning on selling it, I don't think PCGS plastic will pay for itself (but I'm no market maker and have had no recent experience selling raw T2's).
Thanks for the Ike Group plug! Rob
(edited) Forgot to mention that PCGS can be quite lenient with T2's that probably are AU but look good in hand and if luster is good they can come back in 63 holders. The Rims and the Eagle's head seem to indicate AU and that's the grade I had in mind when I wrote this reply. Rob
Questions about Ikes? Go to The IKE GROUP WEB SITE
Visit my son's caringbridge page @ Runner's Caringbridge Page
"To Give Anything Less than Your Best, Is to Sacrifice the Gift" - Steve Prefontaine
Rob has estimated the March type 2 mintage as 20,000 due to all being found being in an early die state.
He has estimated the August release to have been 200,000.
I estimate the type 3 to be 44.8 million. I assumed (consistent with mint announcements at that time) that all production from August to November 1972 was Philly type 3's. With Denver dollar production shut down, a lot of these might have ended up at Los Vegas.
<< <i><<Is there "Estimated" mintage data on the type-2 and type-3's? >>
Rob has estimated the March type 2 mintage as 20,000 due to all being found being in an early die state.
He has estimated the August release to have been 200,000.
I estimate the type 3 to be 44.8 million. I assumed (consistent with mint announcements at that time) that all production from August to November 1972 was Philly type 2's. With Denver dollar production shut down, a lot of these might have ended up at Los Vegas. >>
Thanks for the info, I appreciate it! I had no idea that the Type-2 mintage's were so low!?
Visit my son's caringbridge page @ Runner's Caringbridge Page
"To Give Anything Less than Your Best, Is to Sacrifice the Gift" - Steve Prefontaine
<< <i><<Is there "Estimated" mintage data on the type-2 and type-3's? >>
Rob has estimated the March type 2 mintage as 20,000 due to all being found being in an early die state.
He has estimated the August release to have been 200,000.
I estimate the type 3 to be 44.8 million. I assumed (consistent with mint announcements at that time) that all production from August to November 1972 was Philly type 2's. With Denver dollar production shut down, a lot of these might have ended up at Los Vegas. >>
Herb, just a quick typo correction: You meant to say "...all production from August to November 1972 was Philly type 3's." Rob
Questions about Ikes? Go to The IKE GROUP WEB SITE
A lot of folk still call it one die, 100,000 total mintage.
I did, myself, once upon a time, but I know better now.
120,000 was the average dollar W-1 steel die life in 1971. But what one die produces can vary considerably. We believe the Type 2 dies were the new die steel.
<< <i>
<< <i><<Is there "Estimated" mintage data on the type-2 and type-3's? >>
Rob has estimated the March type 2 mintage as 20,000 due to all being found being in an early die state.
He has estimated the August release to have been 200,000.
I estimate the type 3 to be 44.8 million. I assumed (consistent with mint announcements at that time) that all production from August to November 1972 was Philly type 2's. With Denver dollar production shut down, a lot of these might have ended up at Los Vegas. >>
Herb, just a quick typo correction: You meant to say "...all production from August to November 1972 was Philly type 3's." Rob >>
Hmmmm. Considerably higher than previous estimations.
Have either of you considered the fact that the Type 2 die was intended for silver planchets and that its life may have been greatly reduced due to being slammed against those hard as granite copper-nickel, whoops, I meant cupro-nickel planchets?
The name is LEE!
Guilty as charged. Thank you, Sir.
Perhaps that is why the March release appears to be so low. The life of a given die is very unpredictable. I would go so far as to say median die life is noticeably lower than average die life. You have many dies with a short life span and a few super dies that seem to go on forever. THere was never any regular production of a T 2 on cupro-nickel, but the new die steel T 3 on cupro nickel eventually worked. The April 1974 dollar average reverse die life was approximately 64,000 coins, which implies they were still having problems.
Actually the estimates are educated guesses, but still guesses.
It is possible 100,00 might be the combined totals of the March and August Type 2's.
The only difference is in the considerable polishing and frosting and re-polishing and re-frostings with touch-up re-polishing we believe was the case for all the Ike proof dies.
Herb and Lee, the 200,000 estimate for the August T2 mintage comes from the number the Ike Group was able to cherry as a proportion to the number we searched through. When we were all looking hard for the T2 several years ago, we cherried over 200 between us and that should not have been possible with a mintage of 100,000. If anything, 200,000 may be on the low side but since it, too, is a one die coin and we have no reason to think that this die's production (its first use on a high relief reverse) would have run much past 200,000, even with the new die steel, especially since there seem to be no examples in VLDS. Thus, 200,000 has become our extimate. Rob
Questions about Ikes? Go to The IKE GROUP WEB SITE
<< <i>Lee, good question but I've never found any indication that the mint treated dies intended for silver proofs differently than those intended for CuNi planchets.
The only difference is in the considerable polishing and frosting and re-polishing and re-frostings with touch-up re-polishing we believe was the case for all the Ike proof dies.
Herb and Lee, the 200,000 estimate for the August T2 mintage comes from the number the Ike Group was able to cherry as a proportion to the number we searched through. When we were all looking hard for the T2 several years ago, we cherried over 200 between us and that should not have been possible with a mintage of 100,000. If anything, 200,000 may be on the low side but since it, too, is a one die coin and we have no reason to think that this die's production (its first use on a high relief reverse) would have run much past 200,000, even with the new die steel, especially since there seem to be no examples in VLDS. Thus, 200,000 has become our extimate. Rob >>
It was mentioned that in theory a lot of the type-2's could be located in the Vegas area, or the west in general. Where were you cherrying these at? Is it possible that the group that you were using for analysis came from that area?
Also, are there any type-2's out there that have a Prooflike surface on the Reverse with frosted devices and deep fields?
Visit my son's caringbridge page @ Runner's Caringbridge Page
"To Give Anything Less than Your Best, Is to Sacrifice the Gift" - Steve Prefontaine
I presume you mean the Philly strikes. It seems like the first strike from the die when brand new might look like that. I have seen many of the March ones and never saw one that I would call proof-like.
There is one on eBay now advertised as proof-like. I can't tell much from their smalles picture.
Oh, oh. Is that based on my typo when I meant type 3?
I did correspond with one collector who found a type 2 in a Nevada coin dealer's album of Ikes. The dealer was quite happy to sell it as an ordinary Ike. That was years ago.