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 Replies: 10 / Views: 1,934 |
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Pillar of the Community
United States
1126 Posts |
Edited by stewart
02/02/2012 09:01 am
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Pillar of the Community
United States
2295 Posts |
Very interesting article. Thanks for posting it. There is one confusing statement they make. Quote:
It was, after all the first clad dollar except for the special proof and uncirculated 40 percent silver versions. I've never heard of a 40% silver coin ever been called a clad. Even though technically it is, so why bother mention the proof and silver versions? It would have made more sense to leave off the "except" part of the sentence. |
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Pillar of the Community
United States
1302 Posts |
I am sure Eisenhower nuts like Stewart already know this, but for those members here who wonder what is this Ike Series all about... let me tell you that right now might be the last time that you will be able to seriously cherry pick this series. I have interviewed several top graders and figures in the numismatic world for a book I am writing and when we start talking about Ikes the vibe I get is that this a series that is not only undervalued- but that many of the top pieces have already been extracted. You have to understand why this is bad for market makers. Market makers like being ahead of the curve of collector's interests. In other words, when a series gets hot, the market makers like having the product to sell. With Ikes, this is not the case. Why? You ask, If they made so many Ikes why would market makers be concerned? Well, it is simple. The problem is not a shortage of Ikes, the problem is a shortage of collectible, high quality Ikes. If you were a coin dealer that had thousands of dollars in a series that the average grade you owned was MS-62 and the only demand for the coin was in MS-66 and above- you'd be concerned about your investment. A majority of 71-S Blue Pack Ikes, for instance, should probably go to the smelter. They range from damaged to unattractively scuffed up to improperly annealed dull and cloudy. But the demand for Gem+ quality Ikes is growing and will grow even more. There is something I cannot talk about yet- but I can assure you it is well underway and will be big news when it breaks Coin World... and it deals with Ikes. This is really the last chance to get in on this series before the prices go where they should have been all along. Happy picking! |
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Moderator
 United States
188213 Posts |
An interesting read, thank you for sharing.  |
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Valued Member
United States
294 Posts |
Quote:
Very interesting article. Thanks for posting it. There is one confusing statement they make.
Quote:
It was, after all the first clad dollar except for the special proof and uncirculated 40 percent silver versions.
I've never heard of a 40% silver coin ever been called a clad. Even though technically it is, so why bother mention the proof and silver versions? It would have made more sense to leave off the "except" part of the sentence. I think what he meant was the Ike was the first clad dollar released, even though some of those Ikes were produced in proof and uncirculated 40% versions. |
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Previously Banned Member
107 Posts |
Yes, this was interesting. Thanks.
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Pillar of the Community
 United States
1126 Posts |
cc99999, Could not agree with you more about the Eisenhower dollar Series. Ike's are the least studied coin series I have ever encountered. That is a lot of the reason I was drawn to them. To be able to be on the leading edge of a series of coin coming into it's own has been very exciting to me. Versus studying what others have discovered and looking for examples. To be directly involved with the discovery process of a coin series is a priceless experience. I am very curious to know what the "Big News" is. Of course, We Ike Hunters are a very curious bunch  Terry |
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Pillar of the Community
United States
1302 Posts |
check out the PCGS price guide this week for Ikes. It's not a coincidence, I think. the big news is coming :)
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Pillar of the Community
United States
2271 Posts |
Quote:
I've never heard of a 40% silver coin ever been called a clad. Even though technically it is, so why bother mention the proof and silver versions? It would have made more sense to leave off the "except" part of the sentence.
My work here is nearly done. ;) Back in the old days a lot of people including most of the modern bashers referred to 40% silver as "clad" or sometimes "silver clad". It was extremely confusing. Now days most people just call it "40%" or "40% silver". It helped a little in 1976 when 40% quarters, halfs, and dollars were all made. It wasn't automatic that people would think of the old 40% silver halfs if you said "clad" so this helped kill it. People just don't realize how important terminology is to communication because we almost always think we know what each other are talking about even though we rarely really do. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
2271 Posts |
The real problem with Ikes is that they peaked too early. This isn't to say they will never be fully appreciated just that they were the first moderns to go up in gem because they are so rare. They actually went up even before the grading companies were getting in on grading moderns and were part of the cause of getting in on grading. They've done relatively little in the last decade and a half.
What people don't realize though is it's not only Gems that are tough but the near-Gems as well. The demand is low so the nice choice MS-64's don't get enough attention to disclose how tough they are.
Eventually you'll see more demand and even some of the seemingly common coins will not be in adequate supply.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
4113 Posts |
Terry: Thanks for posting the Article. Real good info! Chuck. * Perfect timing! I just won a 1971S MS66(PCGS) on ebay for under $46.00 including S&H!  I'll post a few pics on the main Ike thread when I get coin in hand* Edited by chuckster 125
02/08/2012 3:00 pm
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Replies: 10 / Views: 1,934 |
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Posted 02/02/2012 11:13 am
