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$1 IKE experts….what happened here?
safari_dude
Posts: 626 ✭✭✭✭✭
Just purchased this $1silver IKE on eBay for $90. It is actually an exceptional coin and almost all the scratches you see in the photos are from the reflections of the original mint sealed plastic. But the reverse has a problem where it looks as if someone had ground/filed a large section of the rim down. Anything here you think? Worth getting slabbed? Thanks for your comments and expertise. Cheers, karl 
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First I don't know errors well. But I would think that was a partial collar strike.
https://www.error-ref.com/partial-collar/
https://youtube.com/watch?v=OwZlYz2V4AM Sophie Lloyd, guitar shred cover Paranoid (Black Sabbath)
https://youtube.com/watch?v=dOV1VrDuUm4 Ted Nugent, Hibernation, Live 1976
RLJ 1958 - 2023
Very strange; looks like PMD on the rim.
Are blue Ikes really selling for $90???!!! Damn! I gotta raise my prices. I thought I was lucky to get $15.
Edited to say that now I see melt is just shy of $20.
It almost looks like the rim had been filed on both sides of the raised area….
Looks like severe post-strike damage on the rim, with two large scrapes.
Presumably, this happened before packaging. Not something you normally see on these coins.
Sorry, but I don't see it as a partial collar strike. It looks to me like it was damaged by the packaging equipment at the Mint. As such, it's just post-minting damage.
………
Mark, wouldn’t that take some pretty rough handling? I’ve never seen anything even close to this….and surely other coins would have been damaged too, you think? Thanks!
Im gonna go pmd as well (with a slight reservation). Interesting
My guess is that packaging equipment (which seals a flimsy plastic envelope) would not be capable of that degree of damage to the coin.
A multi-ton press is the more likely suspect.
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
I enjoy these types of anomalies in mint and proof sets... (real mint errors, damaged coins, packaging errors, etc..)
I would like to say it's a mint error. My only question: From strike to when it was placed in the mint set..... What path does the coin take from striking to being placed in the mint set?.. I don't know!
PMD does in fact happen before coins are placed in any mint packaging. Packaging equipment is also capable of damaging coins. Here are some examples.
The dime looks like it was forced into the plastic proof set with a screwdriver! 😆 🤣
Could it be an oversized rim fin that was bent outward in those areas?
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
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JRCS #1606
not a bent fin. the height of the affected area is lower
It has to be damaged and NOT caught by QA to get out.
All comments reflect the opinion of the author, even when irrefutably accurate.
Since these coins were made as circulation strikes, the QA would have to be pretty minimal since so many millions of coins are being made, correct? Would be kind of hard to spot one coin traveling by on a conveyor belt with 100’s/1,000’s more. Seems like more should be out there but I’ve seen none…..🤔
I don't know. If you bought one in 1971 even after it got out, wouldn't you have returned it? The lack of other visible examples doesn't mean there weren't any.
I also think that much damage would be a bit unusual on a coin that size so it might not be that common.
All comments reflect the opinion of the author, even when irrefutably accurate.
However that coin was damaged, I would infer that it rarely happened, as I have not seen another one like it.
Think it would be worth getting slabbed? Which service if yes? And should I leave it in the mint packaging if I send it in?
No, I would think they'd call it "details" due to the damage. To anyone who might value an example of a coin that was damaged at the Mint, it probably has more value in its original packaging. I'm not necessarily saying it has extra value because of that, but it is interesting.
I don’t know…I suspect SF Mint employees associated with the Ike packaging are retired. If it were packaging related, it seems probable there would be other examples. It would be interesting to try a Freedom of Information Act request to the Mint just to see if they provide an explanation. And in that explanation, the Mint might suggest that this Ike was damaged after it left the Mint. This is a strange looking coin. You may compare the packaging to other 1972-s Ikes.
Experience the World through Numismatics...it's more than you can imagine.
foia requests are for existing documentation. they are not required to opine.
While that is true, one can make a request for the production of documents in connection with the mintage of the 1972-s Ike that involve errors or mishaps in connection with that production. And within those documents… to the extent that they exist, there just might be a record that might shed light on this. They won’t be providing a new opinion, just sharing an opinion/explanation that may have been prepared at the time of the incident(s).
Experience the World through Numismatics...it's more than you can imagine.
Are you saying that you want to put a damaged coin into a slab that says it's damaged?
I suppose a grading company would be happy to take your money. That doesn't sound like a good idea from your perspective though.
IkesT nailed it. Post Strike Damage.
So it’s PSD not PMD😉
Damaged by the packaging equipment. Since the plastic it is now in is not damaged, it was damaged during the first packaging attempt, cut out of the damaged plastic, and repackaged.
In 1981 the ANA Summer Seminar class I was teaching was taken into the basement of the Denver Mint as part of our tour. We saw the machine that was making the Denver (and S-mint dollar) part of the annual Mint Sets.
Over to the side two people were cutting apart a bunch of spoiled sets and sorting the coins removed from them to go back into the set-making machine. I did not notice them checking the coins to see if they were damaged in the first packaging attempt. The same thing probably happened to your coin.
I would return it and ask for an in-damaged piece.
I think it’s an unusual ‘error’ and having it in a slab might make it easier to see. The current scratched up plastic doesn’t help the ‘ look’……. Just my thoughts on it as the coin itself is pretty clean….
Once it's removed from the original packaging, it'll just be a coin that somebody did something to.
I'd go with the Capt above
I agree. Although if you can get a TPG to slab the whole thing, you'll have $50 of plastic around a damaged $20 coin.
All comments reflect the opinion of the author, even when irrefutably accurate.
A LOT of 40% silver non-proof Eisenhower Dollars have scrapes across the highest points (usually on the reverse).
I also believe it was caused by the packaging equipment.
More folks would be interested in collecting Ikes if he had more hair.
"Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the clouds of war, it is humanity hanging on a cross of iron."
Dwight D. Eisenhower
Speech in Washington, 16 Apr. 1953, in Public Papers of Presidents 1953 (1960) p. 182
Dwight D. Eisenhower served as the 34th President of the United States from January 20, 1953, to January 20, 1961. He was a Republican and took office after winning the 1952 presidential election, serving two terms. His presidency is remembered for policies such as the creation of the Interstate Highway System, the Atoms for Peace program, and guiding the U.S. through the early Cold War.
Only four U.S. presidents have been awarded the Nobel Peace Prize: T. Roosevelt in 1906, W. Wilson in 1920, J. Carter in 2002, and B. Obama in 2009.
I would like to see Eisenhower be awarded the Nobel Peace Prize. It's just as legitimate to award the Peace Prize posthumously as it is to award the Medal of Honor posthumously imo.
"Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the clouds of war, it is humanity hanging on a cross of iron."
Dwight D. Eisenhower
Speech in Washington, 16 Apr. 1953, in Public Papers of Presidents 1953 (1960) p. 182
The interstate system was a moment of brilliance from Ike in my opinion. Made so many highways (now Interstates as we know them) usable and also accessible to military aircraft if they were ever needed. Just observing the autobahns in Germany helped him bring our highway system up to speed.
Hmmm... so you're saying that the coin is posthumously mint damaged...
All comments reflect the opinion of the author, even when irrefutably accurate.
Building the interstate highway system is the greatest achievement of man, the engineer, in the 20th century.
"Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the clouds of war, it is humanity hanging on a cross of iron."
Dwight D. Eisenhower
Speech in Washington, 16 Apr. 1953, in Public Papers of Presidents 1953 (1960) p. 182
It's a great achievement to be sure, but the "greatest achievement"?
Greater than nuclear power, the Moon landing, and space travel, just to name a few? What is being driven on those highways, by the way? And what is being flown above those highways?
The interstate highway system was a great improvement over what already existed. But there are lots of truly revolutionary inventions or achievements that simply did not exist in any form previously.
Yes see the damage. MS 60 or details?
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I think it is an extremely clean coin so if it straight graded it might bring a 65 or 66…. All the scratches are on the packaging…
but it is damaged, so ms details. shame for a nice coin
BUT IT CAN'T straight grade with all that rim damage. It is NOT a 65 or 66 unless you completely ignore the thing that made you ask about it in the first place. A coin that is PERFECT everywhere except the rim is not a 70 or even a 60, it is "UNC details, damaged".
All comments reflect the opinion of the author, even when irrefutably accurate.
The comment I was responding to said MS60….and my reply was IF it straight graded (not including the rim damage) it might bring a 65 or 66. No where did I say it wouldn’t grade a Details Damaged grade.
GOTCHA. My confusion was that Cougar was literally asking whether it would grade 60 or details WITH the damage. So your response seemed to imply that it could straight grade as a 65 or 66.
All comments reflect the opinion of the author, even when irrefutably accurate.
Accented too.😀