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 Replies: 35 / Views: 7,356 |
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Pillar of the Community
United States
3540 Posts |
CONCORD, N.H. -- A New Hampshire coin dealer has acquired a 5-ton stash of more than 220,000 rare Eisenhower "Ike" $1 coins tucked away in a Montana bank vault for over 30 years. Littleton Coin Company has not disclosed the price, but says the coins, most in sealed canvas bags from the U.S. Mint in Denver, are worth well over $1 million. Littleton plans to start offering them for sale next year. The coins were shipped from the U.S. Mint in Denver during the 1970s to a Federal Reserve bank. A Montana man who does not want his name released bought and stored them in a local bank in Helena, where they sat until recently. The front shows President Dwight D. Eisenhower and the back commemorates man's first steps on the moon. Click here: http://www.greatfallstribune.com/ar...xt|Frontpage |
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Pillar of the Community
United States
524 Posts |
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Pillar of the Community
United States
5834 Posts |
What makes the coins "rare"?
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Rest in Peace
United States
9104 Posts |
Any coin that a single dealer has five tons of is not "rare" by any stretch of the definition.
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Pillar of the Community
United States
1302 Posts |
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Valued Member
United States
466 Posts |
cool, but rare?
Maybe there will be some really nice uncirculated examples. There has to be in that amount of coins right?
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Pillar of the Community
United States
1126 Posts |
Going to be very interesting to see how this shakes out.
With most of the coins from the Denver mint.
barryG,
I think the reporter is going on the fact that the coins
are not seen in circulation and have not been minted in
over thirty years. Therefore thinking that they are rare.
Business circulation strike Ike's that are higher than MS65
are quite rare. Especially the earlier years of 71 and 72
Not to mention that Ike's are the most popular Dollar coin
collected by numbers of collections registered at PCGS.
that may lead to the reporter to believe they are rarer.
cc99999,
I am afraid you may be right about some prices plummeting.
on one hand I hope that they are later date Denver coins
of which higher grade ones are easier to acquire.
Then again if the are earlier date. 71 and 72 some higher
grade ones may be able to make their way into collections where
they can not at the current high prices for say a MS67 or MS68 Not to mention some more FEV's
Terry
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Pillar of the Community
United States
1510 Posts |
maybe they can send me a 73 plain--I need that one
Retired USAF 1983-2003
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Pillar of the Community
United States
1599 Posts |
I really like Ikes, particularly since I was born the day he was elected. I probably have 250-300 at the present. I would love to have some of the ones discussed in the article, however, Littleton does not sale much of anything at a reasonable price.
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Rest in Peace
United States
9104 Posts |
Quote:
i see plummeting prices! Won't happen. Littleton is "strong hands". |
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Rest in Peace
United States
10625 Posts |
Anybody willing to pay $5.00 for a "baggy" clad Ike dollar? |
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Bedrock of the Community
United States
19931 Posts |
Rare? My dealer sells these for $1.50 in BU....he can't get rid of them.
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Rest in Peace
United States
9104 Posts |
The seller will be lucky if he got 10% over face. Guess he got tired of paying vault charges and lost interest for 30 years on an investment going nowhere.
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Bedrock of the Community
United States
17884 Posts |
Quote:
maybe they can send me a 73 plain--I need that one Considering most of them were in mint sealed bags, and that the 1973's were not made for circulation, the chances of there being one in the hoard is VERY slight. But Littleton probably DOES have an overpriced one in stock they can send you. |
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Forum Dad
 United States
24148 Posts |
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Pillar of the Community
United States
3345 Posts |
Where's jbuck on this one?
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Replies: 35 / Views: 7,356 |
Posted 12/05/2011 5:37 pm
