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IKE Dollar 1971-D PCGS MS66 FEV Sold on Teletrade...........

19Lyds19Lyds Posts: 26,491 ✭✭✭✭
$750 Big Ones!

My paultry $200 placement bid was gone in about 60 seconds! image
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



The name is LEE!

Comments

  • BearBear Posts: 18,953 ✭✭✭
    I also intended to bid on that dollar, however, on careful

    examination of the pictures, I believe that there was broken

    lister on the cheek, above the ear and near the jaw line. In my

    opinion, the coin is not a true and strong MS-66. Thus, I did not

    bid. You were wise to stop at 200 dollars.
    There once was a place called
    Camelotimage
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭


    << <i>I also intended to bid on that dollar, however, on careful

    examination of the pictures, I believe that there was broken

    lister on the cheek, above the ear and near the jaw line. In my

    opinion, the coin is not a true and strong MS-66. Thus, I did not

    bid. You were wise to stop at 200 dollars. >>



    Yes, I've seen much better 66's but I think the luster areas you speak of are simply high reflection spots due to being in a coin roll as that darkness also appears around the Y of Liberty which is not a luster break point for these coins. That hit on his forehead ain't nothing to brag about either so I expect it was the luster on this coin that actually pushed it into MS66 territory.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • I lost out at 475.00....image
  • jomjom Posts: 3,449 ✭✭✭✭✭
    What's the big attraction to a 71-D Ike? Is it hard to find in 66? I started out collecting Ikes and I always found 71-Ds rather nice. 71-Ps on the other hand....

    jom
  • Its a variety known as the Friendly Eagle Variety. Thats why the big bucks.


    Also, Ikes are hard to find in general without marks and hits.
  • DHeathDHeath Posts: 8,472 ✭✭✭
    I have one more MS FEV to holder, but it's not as nice as this coin. Hard to find 71-72 Ikes with luster and minimal hits.
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭


    << <i>What's the big attraction to a 71-D Ike? Is it hard to find in 66? I started out collecting Ikes and I always found 71-Ds rather nice. 71-Ps on the other hand....

    jom >>



    This is Reverse Die Variety #6 which was "first reported" (without a lot of hoopla, fanfare, or hype) in the December of 1999 issue of CONECA's ErrorScope magazine.

    The reverse die design is different than that of the typical reverse design and high grade examples, meaning MS66, are difficult to locate. To the best of my knowledge, this is the 1st PCGS MS66 coin to have ever been sold on a public venue. The total number of PCGS MS66 graded examples is a little less than 50.

    To date, the only TPG's that will attribute the variety are ANACS and ICG. PCGS and NGC simply do ot want to recognize the significant variety for some unknown reason(s) even though they have been requested to on numerous occasions.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • Interesting sale. This is the highest I have heard the FEV sell for in 66, and the obverse isn't that great. For an FEV, the reverse stands out to me, definitely not a VLDS like most of mine. This is the nicest FEV reverse I have seen in PCGS 66.
  • GRANDAMGRANDAM Posts: 8,569 ✭✭✭✭✭
    CHEAP for a MS66 FEV image

    JMHO, GrandAm image
    GrandAm :)
  • DRGDRG Posts: 817
    To the best of my knowledge MS66 is the Top of the Pop for the FEV from PCGS.

    I searched a long time and have seen most of the PCGS MS67 1971 D's and none were FEV's.

    As for the Pop of 50 for PCGS MS66 FEV's I am not sure it is that high. The total Pop of PCGS 1971 D in MS66 is 733 and I have seen about 300 of them. I have only seen and heard about 10 -15 MS66 FEV's. If I had to guess at the current MS66 Pop it would be about 25....I could be wrong as I have not been following them that closely for the past year or two.....but I would be surprised if there are 50 currently in PCGS MS66 holders.

    This coin was first noted im 1999 but the importance was not initially recognized. There is a fascinating story behind how the FEV came to be. For some interesting reading go here http://ikegroup.org/FEV.htm
    (PAST) OWNER #1 SBA$ REGISTRY COLLECTOIN
  • mdwoodsmdwoods Posts: 5,548 ✭✭✭
    It sounds like it was a pretty good deal for the buyer, interesting link about this die variety in DRG's post. Thanks
    National Register Of Big Trees

    We'll use our hands and hearts and if we must we'll use our heads.
  • sumduncesumdunce Posts: 1,247 ✭✭✭✭
    A few things interested me about this FEV...

    The strike appears to be EDS and as such is unusual for the FEVs I have seen.

    The planchet appears to be an impared proof planchet and would also be unusual for and FEV.

    I felt there was a bit too many contact marks on it to make a MS66 but was expecting having the coin in hand to make that final decision.

    My $550 bid was strong enough to take me to about 20 seconds to end of auction but not enough to place this one in my collection.

    V/R



    Sumdunce
  • GandyjaiGandyjai Posts: 1,380 ✭✭
    Lee,...Where you are getting this?
    <<The total number of PCGS MS66 graded examples is a little less than 50.>

    Respectfully,...I'd have to side with DRG on this, and say that it is MUCH less than that....In fact, I'd go so far to say
    with our research, PCGS FEV MS66 examples are less than half of that. (unless you are sitting on over a dozen).
    There are no PCGS MS67's and at least (2) NGC MS67's that I know of.

    The FEV, obviously, is a scarce and significant enough Ike Variety, that it brings a substantial premium like this,
    without even being in the CPG or attributed by (2) of the top TPG's...(ANACS will designate).

    Just the fact that this coin was "unattributed" didn't hide the fact that this was a very special coin....Thus, $750.
    Frankly, I felt it was not an real easy "call" for most Ike collectors, that it was an FEV...and I know my FEV's!
    My bid was "strong" at the end....but not strong enough.

    Hopefully, the new owner will find that it could also be one of the scarcer "Varieties" or DIVA's of the FEV.
    So far, we have a "regular" FEV, one with a DDR, another with a DDO/DDR, and a RARE Talon Head clashed die
    with a die abrasion Peg Leg.

    I was happy to see the FEV get some of the respect it deserves...even when it isn't listed as an FEV.image
    Pretty cool to see a 71-D PCGS MS66 (undiagnosed FEV) go for 5 times what a normal one would go for on TeleTrade.

    (JMHO) but,...I really think that the winning bidder got a GREAT deal!!!image

    Maybe TeleTrade will wise up and start recognizing these when they come in and start writing them up as FEV's.
    Or....we can keep on enjoying an occasional cherry-pick....(if you bid high enough!)

    Happy Hunting!
    Brian

    I Love image Variety & Error Ikes! image

    For all you need to know about Ikes...go here..
  • GRANDAMGRANDAM Posts: 8,569 ✭✭✭✭✭
    Well, when will someone come forward and claim title as the winning buyer?

    Just wondering, GrandAm image
    GrandAm :)
  • bronze6827bronze6827 Posts: 525 ✭✭✭
    This isn't the first PCGS MS66 FEV to be sold in a public venue (only recognized as the FEV by the bidders). I believe it's actually the second one in recent history at TT alone. I'm almost 100% certain the previous one went off sometime last year for about $600 to an individual who just might be reading this thread - if memory serves correctly.
  • cmerlo1cmerlo1 Posts: 7,920 ✭✭✭✭✭
    Cool! I can't ever seem to find them above MS-64...
    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭


    << <i>This isn't the first PCGS MS66 FEV to be sold in a public venue (only recognized as the FEV by the bidders). I believe it's actually the second one in recent history at TT alone. I'm almost 100% certain the previous one went off sometime last year for about $600 to an individual who just might be reading this thread - if memory serves correctly. >>



    You're correct Andy. For whatever reason, I thought this was in an NGC slab.

    As for the less than 50? I have no idea how many you IKE guys got tucked away and I figured that "a little less than 50" would have been a safe guess.

    Too bad PCGS doesn't attribute these for whatever silly reason! I mean................

    SHEESH! image

    Whens the new Volume 2 CPG coming out??
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • GRANDAMGRANDAM Posts: 8,569 ✭✭✭✭✭
    Here is the coin Andy was talking about:

    TeleTrade FEV @ $650

    GrandAm image
    GrandAm :)
  • bronze6827bronze6827 Posts: 525 ✭✭✭
    That's it!!

    While its a fairly healthy die stage, I think that one is really sharp.
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭
    Well I guess that make two then.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!

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