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Hey Ike People! My Dad Has Some Questions . . .

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ninamason's Avatar
United States
1227 Posts
 Posted 02/03/2013  02:28 am Show Profile   Bookmark this topic Add ninamason to your friends list Get a Link to this Message Number of Subscribers
So, my dad dug through his hoard tonight and pulled out a couple of foreigns he picked up who knows where (they're common and modern, but you know what, I think I'll flip 'em instead of putting 'em in the bag; Daddy and I don't do a whole lot together and his gifts are always little treasures). I was instantly delighted, of course, and we began talking halves and dollar coins (a mutual interest). He pulled out his little baggies of "stuff," and we identified a pair of 40% Kennedys, much to his surprise. (Here comes the good part.)

Then he held up a very big coin next to one of the halves before tossing it into my hand and saying "huh. This looks silver too." I wasn't too interested until I looked down--he has a few old casino tokens, too, and I thought this was more of the same.

SURPRISE!!

1971-S Ike. It rings like silver, it's toned like silver, and although it's rather nicked up, when I hold my finger above it I can still see it clearly reflected back. I grabbed my Verdicare to take care of a small green spot on the obverse (it's soaking right now) and told him what little I know of silver 1971 Ikes: to wit, they were only proofs, only issued for collectors, and came in a little blue case and were thus called "Blue Ikes." At some point this fellow must have somehow entered circulation, from whence Daddy rescued him years ago.

My dad now has a little treasure he's quite happy about!

I said I'd ask here to see if anybody has some more information for me. I don't think he's interested such of a much in the value--that was my mom's question, not his--but while he's not a history buff particularly he did seem interested in what I could tell him, so, you know. Specialists, you may commence
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basebal21's Avatar
13014 Posts
 Posted 02/03/2013  02:33 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
The blue ikes are actually the uncirculated ones, the brown ikes are the proof ones but both are silver.
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argentum's Avatar
United States
1195 Posts
 Posted 02/03/2013  02:34 am  Show Profile   Bookmark this reply Add argentum to your friends list Get a Link to this Reply
Nice find to share with your dad.

Edited by argentum
02/03/2013 02:34 am
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denco7's Avatar
United States
2543 Posts
 Posted 02/03/2013  08:33 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
I love the Ikes, I just love to hold them and feel the sheer size. I just wish they were solid silver, then they would be awesome.

While these are collectible and surely albums worthy, the max value of these particular coins are in the OGP. The uncirculated version came sealed in plastic with a blue token, hence the blue pack. The proof version came in a brown plastic presentation box.
Being passed down by your Dad , would make this coin, to me, more valuable than either of those coins

Here it is in OGP
Edited by denco7
02/03/2013 08:55 am
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Conder101's Avatar
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17884 Posts
 Posted 02/03/2013  5:21 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
All 1971-S Ikes are 40% silver. They came both as business strikes and as proofs. the business strikes came in pliofilm on a blue envelope. These are the "Blue Ikes". Original price was $3 from the mint. The proofs came in an oversized plastic holder, same size as the GSA CC dollars, and were packaged in a brown woodgrain finish box. Original price from the mint was $10, $1 of which went to Eisenhower College. (Eisenhower College received $8,397,090 in surcharges from the brown Ikes and then $13,861,300 in surcharges from the 1990 Eisenhower Commemorative dollar in 1990. The school closed in 1992 and became a Federal prison.)
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ninamason's Avatar
United States
1227 Posts
 Posted 02/03/2013  7:48 pm  Show Profile   Bookmark this reply Add ninamason to your friends list Get a Link to this Reply
Ohhhh, so they were the last business-strike coins made of silver?! This I didn't know! That would explain the non-square rims.
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denco7's Avatar
United States
2543 Posts
 Posted 02/03/2013  11:21 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
The s minted coins weren't business strikes. They were uncirculated. The 1971 business strikes were clad from the Denver and Phila. mints and minted for circulation.
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jbuck's Avatar
United States
187702 Posts
 Posted 02/04/2013  11:53 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Eisenhower College received $8,397,090 in surcharges from the brown Ikes and then $13,861,300 in surcharges from the 1990 Eisenhower Commemorative dollar in 1990. The school closed in 1992 and became a Federal prison.
Eisenhower College closed in 1983. The property has been owned by New York Chiropractic College since 1989.

http://www.eisenhowercollege.org/about.asp
http://www.nycc.edu/AboutNYCC_history.htm

All of the numismatic information has been covered.
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