1971-S BU Peg Leg Ikes - Should I Have These Reholdered?
jjrrww
Posts: 151 ✭✭
Here are three 1971-S Peg Leg Ikes (I think) that I have found in the last few years. The two graded coins are home-made, and the raw one I found recently at a flea market. It is the roughest of the three, IMHO.
My questions here are: Are these correct variety of Peg Legs that PCGS recently recognized? Do you folks think that the two graded ones should be reholdered, assuming that they are the correct variety? These three are the only three BU's that I have found, and I kinda thought I was doing pretty good to find those!!! Let me know what you think. Thanks!
My questions here are: Are these correct variety of Peg Legs that PCGS recently recognized? Do you folks think that the two graded ones should be reholdered, assuming that they are the correct variety? These three are the only three BU's that I have found, and I kinda thought I was doing pretty good to find those!!! Let me know what you think. Thanks!
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The fees will cost you $20 each but I think it's well worth it plus we can get an updated count from the pop reports as to how many actually exists. Speculation is that these are way more rare than a Type 2 and having pop reports to back that up could be helpful.
BTW, the two graded coins are Fading Peg Legs (FPL) while the raw one appears to be a Straight Peg Leg (SPL) although it displays the characteristic fading of the left cross arm of the T and the left arm of the Y in LIBERTY as well as the peg in the R.
Check the Motto as all the 1971-S Business Strike Pegleg's are also DDO's.
Most if not all SPL coins have a DDR which is most noticeable in the word DOLLAR.
Hopefully, MopdernDollarNut will wander by and add some more information.
The name is LEE!
All three are Fadiing Peg Legs, the one in CPG as FS-401 and presently attributed by PCGS, ANACS and ICG.
The left leg of the R can be faded-looking or as plump as that on the Straight Peg Leg (SPL) Lee mentioned, so the shape of that left leg is not a marker. Rather, lean on the lop-sided T and Y which is unique in the Ike Series (although the SPL has an in-between slightly weaker T left arm, it has the normal almost symmetric low relief Y).
Lee is dead on that the attributable Straight Peg Leg is paired with a nifty easy-loupe DDR.
But just to confuse things, I have recently found two tyical SPL obverses paired with common reverses, not to mention the fairly common heavily die-abraded common obverse that looks like an SPL, which is occasionally paired with the same DDR seen on the attributable SPL (Wiles calls it a doubled working die and he is probably right, hate to admit it, LOL).
The status of the SPL obverse paired with a common reverse is up in the air but we will probably designate it under SPL in the new Ike catalog we are working on. The flat field under the left leg of the R and the slightly asymmetric T nail the obverse as SPL and that should suffice.
If you can, please consider coming to my Workshop at the Baltimore ANA on Friday, August 1st, 1 to 4. LOTS!! of Ikes and posters and handouts!
Rob Ezerman
Questions about Ikes? Go to The IKE GROUP WEB SITE
Folks are slabbing Type 2 IKE's right and left, regardless of grade and the 71-S BS definitely falls into that category! I say right and left but the PCGS pop reports for the Type 2 are still less than 1,000 graded across all grades! NGC is a little over 200 across all grades.
The name is LEE!
I've found 5 of the 1972 Type 2 coins, with the best being a PCGS MS63. These three 1971-S Peg Legs are the only ones I've found, or seen...period. It makes one wonder just how many might have been melted during the 1979 era silver rush, not to mention how many have been melted during the recent spike in silver prices.