40% 1972 & 1976 IIkes Melt Fmv? - Coin Community Forum

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Author	Replies: 3 / Views: 1,330
OcalaFlorida Pillar of the Community United States 2824 Posts	Posted 08/11/2014 1:48 pm I have a bunch of ikes someone gave me I kept one of each for a album but I now have several that I dont need I noticed when ever I am in any of the LCS. And people bring them in they say just spend them. But when I looked up them for melt value says for example 20 of them or a roll. A roll of Ike dollars has 20 coins and is valued at $126.43 when silver is at $19.99 / ounce. What should I accept as fair market value if I want to trade them with dealer. I also notice on ebay I see several auctions under melt like the bi-centennial ikes 1976 FIVE 1976 BI-CENTENNIAL EISENHOWER Ike dollars ONE TYPE-1 FOUR TYPE-2 UNGRADED sell for like $10 for 5 which is way less then melt? So I am confused? are they worth face or melt? or a hybrid amount? Edited by OcalaFlorida 08/11/2014 1:57 pm Report this Post to the Staff

Mullen Valued Member United States 167 Posts	Posted 08/11/2014 2:12 pm The ones your LCS is talking about is the clad ones, not the silver. I assure you they wouldnt tell everyone to spend the silver ones. You need to educate yourself on coins before you decide to sell or buy. You have the internet at your fingertips and you can research which ones are silver and which ones are clad. Edited by Mullen 08/11/2014 2:13 pm Report this Post to the Staff
tkbslc Pillar of the Community United States 1158 Posts	Posted 08/11/2014 3:16 pm Very, very few Ikes have silver. Only the ones issued in special sets and collector releases. For the standard Ike's, $2-5 is pretty standard full retail at a coin shop depending on condition. Edited by tkbslc 08/11/2014 3:18 pm Report this Post to the Staff
Mach1 Valued Member United States 301 Posts	Posted 08/12/2014 7:44 pm Some Ike proofs and uncirculated coins were 40% silver. It was confusing how the mint did proof and silver Ikes, and understandably many collectors have trouble keeping it all straight. Brown Box Ike proofs and Blue Pack Ike's ('71-'74) were 40% silver. There were also proof and uncirculated 40% coins in 1976. Trouble is, both clad and silver proofs have the "S" mintmark, so this can be a major source of confusion for collectors. Report this Post to the Staff
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