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 Replies: 35 / Views: 7,382 |
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Pillar of the Community
United States
2589 Posts |
Quote:
I see plummetting prices I imagine once the littleton ikes hit the secondary market the prices will plummet. Especially on high grade specimens if these truely are hq coins. Imagine cherry picking from 220,000 coins lol |
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Pillar of the Community
United States
1302 Posts |
CladKing made an excellent point on another board, and I'm sure he may weigh in here, but this discovery will not necessarily yield anything worth noting. Ike dollars have never been rare, but finding truly gem coins from the mountains of garbage is a rare happening. These coins have been lugged around in 50+ pound bags, thrown around and mishandled with no regard for the coins' numismatic value. It's a good buy for Littleton. They will get their investment back- and new "collector quality" Ikes will flood the market. But the odds of finding a fleet of MS-67 business strikes is like finding the hope diamond at the bottom of a porto-potty. that being said, I'd be reluctant to overpay for Ike dollars for the time being, to hedge against the bullish market that is bound to happen at least in the short term. Again, to emphasize another cogent CladKing point, the Morgan Hoard was ten times larger than this- and Morgan dollars didn't collapse. |
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Pillar of the Community
United States
1126 Posts |
cc99999
Could not agree with you and Cladking more.
If there is one thing I have learned in my years of collecting
No other coin series stirs up more emotion than the Eisenhower
Series. And one thing that alot of people do not get about
the series is that the corner stone of Ike collecting
is "conditional rarity". Sure there are tons of them out there.
but there are very few that are very high grade.
And the varieties is a whole different level of
conditional rarity. With a mixture of the challenge
of finding the variety plus finding them in high grade
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Rest in Peace
United States
9104 Posts |
xog-
long term, I agree, but that'll be at least 5-10 years.
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Pillar of the Community
United States
511 Posts |
"Rare" and 220,000 should never be used in the same sentence or paragraph. What an oxymoron!
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Valued Member
United States
460 Posts |
They also just bought $2 BILLION worth of coins from someplace. They needed to buy a new forklift just to lift them. Quote:
Littleton does not sale much of anything at a reasonable price True their prices are way out there but in their defense they do employ around 300 people and give A LOT to the community. |
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Moderator
 United States
188442 Posts |
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Somewhere jbuck and ilikeikes are singing.  Quote:
Where's jbuck on this one? Sorry I am late, I have been traveling around the last few days.  I would be funny if these were from Philadelphia, not Denver, and all dated 1972. It would be funnier if they were all 1972 Variety 2 Eisenhower dollars. There is your price plummet.  |
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Pillar of the Community
United States
1302 Posts |
I think I'd like it more if this was a hoard of 1804 Dollars and 1913 V nickels. |
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Pillar of the Community
United States
2651 Posts |
Hmmm...my bank teller just texted me that she has $100 Dollars in Ikes....I never have collected them...would it be worth going through them?
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Pillar of the Community
United States
5853 Posts |
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would it be worth going through them? If you can get them at face value, why not? You likely won't find anything special, but even common circulated Ikes sell on ebay for around $1.25-1.50 these days. |
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Pillar of the Community
United States
659 Posts |
This was in the newspaper around here, I live about 2 hours from where that vault was, in Helena.
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Valued Member
United States
301 Posts |
I love Ike's and I don't care what other collectors think. Collect what you like I say. I'm excited about this find! I think that it would be cool if at least some of the coins were slabbed and labeled "Big Sky Hoard". I'd buy one....or two......or three. |
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Valued Member
United States
460 Posts |
I do agree these should be listed as a hoard. Don't care if is just labeled on Littleton's container or not. There is always something special about owning a piece of a large hoard.
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Rest in Peace
United States
9104 Posts |
You can bet Littleton will know how to promote them.
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Pillar of the Community
United States
3755 Posts |
I am sure quite a few high grade Ikes will come out of this. Its not like the bags were tossed around every other month. This is the same type of thing as the GSA Morgans. Dumped, sat there forgotten about.
My problem is that now I am going to have buy something from Littleton.
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Replies: 35 / Views: 7,382 |
First Page
Posted 12/06/2011 8:52 pm
