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Eisenhower Dollars

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jbuck's Avatar
United States
189340 Posts
 Posted 11/12/2013  12:26 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Once when I complete the album I will release pictures.
I will exercise patience the only way I can...


Quote:
If I wanna add the proofs, I'll make a second set... In my view, I'm a purist. If you don't see people collecting seateds/barbers/Buffalo's/Walkers/Etc and including the proofs, why would I do that for Ikes? Just my point of view... plus I never liked the contrast between business strikes and proofs next to one another. Two separate albums appeals more to my eye.
You do not know what you are missing, but I do respect your point of view. So much, in fact, that I cannot wait to see your proof-only Eisenhower collection. (Hint-Hint).
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FadeToBlack's Avatar
1751 Posts
 Posted 11/12/2013  1:14 pm  Show Profile   Bookmark this reply Add FadeToBlack to your friends list Get a Link to this Reply
When somebody makes a business-strike only album and a proof-only album, you'll see my pics, lol.
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cladking's Avatar
United States
2273 Posts
 Posted 11/12/2013  1:34 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

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The '76 T1 is tough to find in 64 or above, no matter how many mint sets you look through. I think I have 4 or 5 examples that would grade 64 or higher, two I picked from looking over around 60 mint sets (still in the sets, mind you) and the others I found in a full, complete roll of '76 T1's at my bank. That was the only time I've ever found a solid roll of '76 T1's anywhere. I usually average 2-4 T1's per $1k in ikes, with only one of those being a Philly, the rest being D's.


I figure about three nice near Gem (or better) '76-P type I Ikes per 100 1975 mint sets. Of course this date has so many problems that most of these will grade no higher than MS-64. But in 20 sets you should be sure to find a nice attractive chUnc (MS-63). The '73-P is tough as well and the '74-P usually has unattractive surfaces.

Mint sets are much less important to Ike collectors than any other modern collectors because roll quality is better and set quality Ikes are worse. None of the varieties appear in the sets and the '71 and '72 issues aren't in the set. The '77 and '78 issues come nice in the set but these are just beginning to corrode. Also there aren't rolls of dimes and quarters so even if rolls were better (they most assuredly were not) there just aren't rolls to search.

It's easy to lose sight of how much potential Ikes have since most are fairly available in MS-60 or in AU but if you want attractive coins or varieties the universe is small. While attrition on these isn't extremely high it has been relentless and the vast majority of the coins even including most of the Gems has been downgraded over the years by poor handling and "circulation".

The neatest thing about them is that most are still available for almost no money so long as you aren't shopping for the highest grades. Despite the relative scarcity of the '76 t I you can pick up nice examples for a couple dollars net and might even find a Gem at this price with lots of luck.
Time don't fly, it bounds and leaps.
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rupester's Avatar
United States
1300 Posts
 Posted 11/12/2013  3:29 pm  Show Profile   Bookmark this reply Add rupester to your friends list Get a Link to this Reply
I have a extra bicentennial proof ike (clad) I bought outta a coin shop marked silver that wasnt the coin shop did stand by it and gave me a frankie in exchange and I kept the ike I am always up to trading. I was amazed how quick and easy it was to fill a dansco complete book other than the 71-72 p&d every coin in the book are ms or bu still my favorite book to do and may do 2 more for my kids. Eisenhower dollars I love them love to see all the intrest on them here! This coin forum RULES!
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jbuck's Avatar
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189340 Posts
 Posted 11/12/2013  5:21 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
When somebody makes a business-strike only album and a proof-only album, you'll see my pics, lol.
Business strike only is easy.

For proof only, you can use a blank binder and a blank large dollar page or blank Eisenhower dollar pages.

No pressure, but considering how long we have been waiting for a new 7070, this is probably your only option.



Quote:
Eisenhower dollars I love them love to see all the intrest on them here!
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cc99999's Avatar
United States
1302 Posts
 Posted 11/12/2013  5:21 pm  Show Profile   Bookmark this reply Add cc99999 to your friends list Get a Link to this Reply
I'm of the opinion that there are no MS-66 1976-P Type 1 Ikes. The ones that do get in those holders wouldn't make 66 if they were from any other date. The one thing that sets them apart is luster- but luster with marks does not a 66 make. Still, I think that modern coin sets if put together without thought and precision are really dubious in the educational value they provide the collector. Anybody can put together a set of readily available items- but it takes talent and patience to glean from what's readily available, coins of superior strike and eye appeal. you can still do this raw. but you won't be able to do it that way for long.
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FadeToBlack's Avatar
1751 Posts
 Posted 11/12/2013  6:09 pm  Show Profile   Bookmark this reply Add FadeToBlack to your friends list Get a Link to this Reply
JBuck, problem is I don't want just Business strike, I want one with slots for the '71-D FEV, '72 each type, etc. I'm thinking about having a custom capital-plastics style holder made. I know somebody on the PCGS forums can do it, they made me a one-off for Morgans that ran me $40.


Reposting the list from the other page, but here's what I want. My OCD won't let me have the varieties out of order, if that's what you are going to suggest, haha, and I also don't want to put the S-mint silvers in there alongside CuNi's.

'71
'71-D
'71-D FEV
'72 T1
'72 T2
'72 T3
'72-D
'73
'73-D
'74
'74-D
'76 T1
'76-D T1
'76 T2
'76-D T2
'77
'77-D
'78
'78-D
Edited by FadeToBlack
11/12/2013 6:10 pm
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solotime's Avatar
United States
2311 Posts
 Posted 11/12/2013  6:21 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
You can always use a blank page.

Also, the proofs cost more money for the silver ones. So not buying proofs is cheaper.
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FadeToBlack's Avatar
1751 Posts
 Posted 11/12/2013  6:27 pm  Show Profile   Bookmark this reply Add FadeToBlack to your friends list Get a Link to this Reply
Aint up to my standards plus there would be blank holes. If I didn't care too much about Ikes, I'd do it, but I like Ikes way too much to provide them with an inferior presentation.
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jbuck's Avatar
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189340 Posts
 Posted 11/12/2013  7:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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I'm thinking about having a custom capital-plastics style holder made.
Like.

A word of warning, if you do it, and then I see it, I am going to be tempted to do the same.

For the record, a high-end Eisenhower dollar set is a long term goal for me. It will be in addition to my Dansco set, not meant to replace or upgrade it. I have been deciding between slabs or Air-Tites. Now it seems I have a third option.
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CoinDan98's Avatar
United States
1053 Posts
 Posted 11/12/2013  8:29 pm  Show Profile   Bookmark this reply Add CoinDan98 to your friends list Get a Link to this Reply
I was thinking about starting a set after Christmas...
Any pointers?
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cladking's Avatar
United States
2273 Posts
 Posted 11/12/2013  9:50 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

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I'm of the opinion that there are no MS-66 1976-P Type 1 Ikes. The ones that do get in those holders wouldn't make 66 if they were from any other date. The one thing that sets them apart is luster- but luster with marks does not a 66 make. Still, I think that modern coin sets if put together without thought and precision are really dubious in the educational value they provide the collector. Anybody can put together a set of readily available items- but it takes talent and patience to glean from what's readily available, coins of superior strike and eye appeal. you can still do this raw. but you won't be able to do it that way for long.


People seem to miss this point. The only reason these are still available in nice condition after all these years is that so few people are looking for them. Back in the '80's there were still millions of 1975 mint sets and about 3% of the type I dollars were nice. Now there are only one million sets tops and 2% are nice. It would take very little demand to strip all of these from dealer stock because the average dealer has only a few sets in stock and serves about 100,000 people. In other words at any given time there is only about one nice coin for a million people. Some will ask where are all those other sets that aren't in this equation. These other sets are mostly sets that are still owned by the original buyer and aren't available at this time. Most of these sets come on the market as part of an estate sale. People just don't care about mint sets so they keep getting destroyed.

If the price went up then these other unaccounted for sets would come on the market but keep in mind they have thousands of owners and all won't sell. Only some of these sets have nice coins and only about 10,000 chUncs exist at all. There are no huge hoards but there are a few small ones and these would be sold into price increases. It's very unlikely we're talking an absolute population over 14,000 or so and most of these simply aren't available for sale at this time and evwen if the demand appeared most would still be unavailable.

Now, dealers are happy to let you look through their stock if you'll pay a little extra for purchases but it takes only a few people per shop before there's no longer a ready supply and finding these cheap comes to an end.
Time don't fly, it bounds and leaps.
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cladking's Avatar
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2273 Posts
 Posted 11/12/2013  9:54 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
I believe the days of cheap moderns must come because every day there are fewer and fewer sets and more demand. It might not come for a long time but just a tiny change in attitude among collectors will have an enormous effect on the availability of these coins. They're pretty much gone and many have been gone a long time but collectors haven't noticed.

Mint sets are the "canary in the coalmine" of moderns because most of the best coins are in these sets. Many moderns aren't available except in these sets anyway.
Time don't fly, it bounds and leaps.
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solotime's Avatar
United States
2311 Posts
 Posted 11/13/2013  2:24 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
@Cladking, I been thinking like that. I am one of those people who break mint sets up or rip the coins out of mint cello. You got to remember, some people put them away and save them.

@1962penny, You would be best off contacting basebal21 or FadeToBlack for the BU ones. The proofs are on ebay but sometimes they are overpriced. Not sure if fade got any silvers but wouldn't hurt to ask. I got like all my BU's from baseball, they were like MS-63 and up.
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cc99999's Avatar
United States
1302 Posts
 Posted 11/13/2013  3:52 pm  Show Profile   Bookmark this reply Add cc99999 to your friends list Get a Link to this Reply
hijacking the thread b/c this is good information

@CladKing- the canary is already chirping. Check out ebay sales prices for unopened mint set shipping envelopes. An envelope containing 5 sets in an unopened 1970s era mint shipping envelope sold for $140. Now, adjusting for inflation, even this price makes the sets losers- but still, people are paying double or more for a chance to find that 2 or 3% nice coin. I think the low percentage of nice coins will hold the sets down in price from where they otherwise would be- but I think it's imperative to chop up every mint set you get your hands on. the quicker they are all gone, the sooner we can break this false notion that collectible coins are all dated 1964 and before.
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