Lack Of Ike Bags? End Of Eisenhower Dollars?

Darth



There was (about) 600,000,000 IKE minted.

IMO, the gold dollars are trash. Does anyone know the MINT count on gold dollars? My guess is they are mostly in CI vaults.

I am really guilty of NOT doing the math.

If my estimate is goofy, then sorry.

Darth ~`~`~` DARTH `~`~`~ Darth`~`~`~




Please tell me this is ONE of your monster box of IKEs

I'd be surprised if the government has more than a couple hundred million in stock and this seems a liberal estimate. About 40% of Ikes have been destroyed in fire and flood or exported to foreign countries. Most of these exportd coins are in bad condition because theyt were received in change between 1971 and 1981 by tourists many came from casinoes. Collectors hold a small percentage of the mintage so the bulk is sitting in sock drawers and change jars. Many are held by very "casual" collecrs and these tend to be poor examples as well and not cared for. Attrition isn't extremely high still but a dollar just isn't what it used to be so it is increasing. The FED claimed to be running low on Ikes in 1979 which is why they minted the SBA's.

Don't let mint set mintages mislead you. Most of these sets (~55 to 65%) of the Ike dates have been destroyed and most of the coins were spent. Most of the spent coins are in FED storage and nearly pristine or with very light circulation.

Every year there are hundreds of thousands of houses and structures burned or flooded. These structures house Ikes and most don't survive the event. They are also lost and destroyed in many other ways from ship wrecks to earthquakes and volcanos. They become damaged and are thrown out or recycled by the FED. Some few coins go home to foreign countries and sit in junk boxes in Cairo or fountains in Paris.

Nothing survives except pyramids.




As I recall they didn't specifically state they were running low on Ikes. But each year they'd make more to keep enough in reserve to keep up with demand. Demand for Ikes was aenemic but it did exist. Many were handed out by the post office and some were used in closed loops such as casinos. They circulated very poorly and after the bicentennial began to be seen less and less in commerce. I got my last one at a post office in 1980. The mintages in '77 and '78 were quite low because supplies were adequate and only a few were needed. I don't know that these haven't been flowing back to the FED for decades but seriously doubt they had a good supply if they minted more in '78 and most people hoard the coins. I just see no reason to presume they have significant supplies at all. I know for a fact at least one FED branch has none on site and I doubt their contractors are willing to sit on large supplies of them because of costs of storage, insurance, and security. I simply doubt there are large numbers that belong to the FED or mint.




I don't know. 1981 sets were destroyed and probably all dates had at least minor destruction by the mint.




These were special issue 1976 silver sets stamped out on high speed presses. None of these would exist in storage except a handful of strays. The vast majority of this entire issue was melted by the mint for silver in 1981.




It's an interesting series. It has numerous key dates even in nice ch MS-64, varieties, special issues, special mint packaging, and even major types. It also has a fascinating history celebrating Ike and the Apollo XI mission of 1969.

cladking






Please share info, Which Branch?

Dallas? St. Louis? Houston? Other?

Thanks

Domain555

coinsrus1000




Can you widen your search to close by areas?

Thanks,

Domain555