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$40 In Ikes From The Bank: What Should I Do With Them?

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Author Previous TopicReplies: 19 / Views: 4,492Next Topic Page 2 of 2
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 Posted 07/10/2010  4:40 pm  Show Profile   Bookmark this reply Add lorax to your friends list
They go for a little over face on 'Bay, I saw someone recently had several auctions for 10 of them close betweek $10 and $25 + shipping (not sure if they lost money after fees on the low ones or if shipping covered the fees.)
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 Posted 07/10/2010  5:46 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list
i just bought 300 from my bank up here. I asked if they had any IKEs and the vault manager respond,

"how many you want?"

I love those responses.
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 Posted 07/10/2010  5:56 pm  Show Profile   Bookmark this reply Add AndrewC to your friends list
Sell some and have a contest with some.
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 Posted 07/10/2010  6:41 pm  Show Profile   Bookmark this reply Add Nicholas to your friends list
Ike was the nickname of Dwight D Eisenhower, who's on the dollar coin from 1971-1978
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 Posted 07/10/2010  7:32 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list
Anyone know of any variations or chery picks I should be looking for through these 300 IKEs?

Probably gonna keep em, What do you guys think?
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 Posted 07/10/2010  10:18 pm  Show Profile   Bookmark this reply Add carmykle to your friends list
Hey, don't blow off Ikes, yes they're not the most sought after but the can still bring in 12-25 bucks apiece for unc or proof silver varieties. It cost me 15 bucks to get a Blue Ike to finish off a second collection for my kids.
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 Posted 07/10/2010  11:33 pm  Show Profile   Bookmark this reply Add copper nickel daddy to your friends list
First of all make sure none of them are silver (40%). It isn't too uncommon to find a few "S" mint Ikes as some people broke them out of their brown boxes from the Mint. Also be on the lookout for the valuable 1972 coins with the Type II Reverse http://reviews.ebay.com/1972-Type-1...000002147718 this link will show you how to identify them. Even circulated they go for $40 to $50.
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 Posted 07/10/2010  11:36 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list
Yea, I already checked for silver, obviously.

I couldn't remember what year had the funky reverses.. thanks!
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 Posted 07/10/2010  11:45 pm  Show Profile   Bookmark this reply Add spaceace to your friends list
the 1975/76 bicent. Ike had 2 different varieties. Variety 1 has a "thicker/chunky" lettering on reverse and variety 2 has a thinner lettering on the reverse. Not much of a premium difference but still interesting. If you end up finding both varieties for the 1976(P) Ike, let me know if you want to get rid of them.
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 Posted 07/11/2010  12:17 am  Show Profile   Bookmark this reply Add Namachieli to your friends list
i still need a type 1 "P" Ike Too. lol
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 Posted 07/11/2010  12:21 am  Show Profile   Bookmark this reply Add Scooby Due to your friends list
I have a '76 Type I & II - can't remember if they are P or D - let me check.

They are D's. They were given to me by my boss. He came in with a bunch of coins for me to look at and tell him if he had anything good. He had almost a complete set of Susan B's, including a wide rim and 2 Ikes. Thought it was funny that he only had 2 Ikes and they were type I & II's.

After I showed him the coins of interest, he said - "you can have them".

Sweet!
Edited by Scooby Due
07/11/2010 12:25 am
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 Posted 07/11/2010  1:48 pm  Show Profile   Bookmark this reply Add stewart to your friends list
"Anyone know of any variations or chery picks I should be looking for through these 300 IKEs?"

ianmprice,

Absolutely! There are many varieties and many cherry picks to be had
in the Eisenhower dollar Series. In my opinion it is one the most
understudied series of coins in all of Numismatics. There is a small group of guys (Growing Everyday)called the Ike Group http://www.ikegroup.org/ that have been doing in depth research on the Ike's. Rob Ezerman is releasing the first of two
new books at the August 10th Boston ANA Convention.
If you look through some online auctions Teletrade, Heritage
and the like for MS66 and up Ike's. People I discuss this with are amazed and never knew they went for so much. Not just asking prices
but actual dollars paid auctions. And the people that buy them are
happy to get them at those prices because they actually understand
how rare Eisenhower's are in high grades.

Hope this helps

Terry
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 Posted 07/11/2010  2:05 pm  Show Profile   Bookmark this reply Add novillero to your friends list
From my experience, Ikes are definitely hard to get in high grades.

But, IMHO and this may be sacrilege, one thing I do not like about Ikes are the number of varieties. It's overwhelming for such a short series. When there are so many varieties, IMO, it diminishes the value of a being a variety.
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 Posted 07/11/2010  2:33 pm  Show Profile   Bookmark this reply Add stewart to your friends list
"this may be sacrilege,"

novillero,

To me there is no sacrilege when it comes to Ike's
Everyone's opinion is valid. and there observations
are appreciated.
I completely understand what you are saying about the amount
of varieties. When I first started a couple of years ago
with the Ike varieties. It was really hard to get my head wrapped
around it all. (A lot of Excedrin)especially the amount of minor
Doubled Die Obverses for the 1971-S Which I personally think
are variations in the die state not separate DDO's all together.
Just my opinion.
So I limited myself to the major varieties in the beginning.
to begin with. I was into Morgan and Peace VAM's before I discovered
the Ike's so my interest was mainly in variety collecting to begin
with.

Terry
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290 Posts
 Posted 07/11/2010  3:30 pm  Show Profile   Bookmark this reply Add novillero to your friends list
Yeah, part of my problem is my limited experience and - I will acknowledge - my limited knowledge. And in my egocentric universe, if I do not "get it," I imagine many other people won't either.

But like you said, it is a wonderful hobby, where there is no insult in saying,"to each his own" and everyone's interests in this hobby constantly evolve. So I may be eating my words in a year or two.
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