| Author |
 Replies: 13 / Views: 4,267 |
|
|
New Member
United States
4 Posts |
I'm probably just confused, but my 2016 Red Book reflects that a 1971-S Ike dollar is valued at 50 dollars in MS-65 condition, and in PF-65 condition it's valued at 14 dollars. If there is something I'm missing here, please straighten me out. Thanks, Fred |
|
|
|
Pillar of the Community
United States
7390 Posts |
Yes, proof coins were not made for circulation hence they are expected at high grades while business strikes WERE circulated so higher grade examples are worth far more than same grade proofs in most cases. Don't worry though that is a question alot of people have asked  |
|
Bedrock of the Community
United States
20753 Posts |
Might be a typo too. Whitman does make errors too.
|
|
Pillar of the Community
United States
7390 Posts |
Oh wait I see you're new here so  You can ask any and every coin question you have without hesitation here  Edited by Cascade
06/25/2015 11:35 am
|
|
Pillar of the Community
 United States
5828 Posts |
to CCF! As Cascade said, proof coins are maid to not be circulated so they are expected to be at or higher that PF-65, were as biusness strike coins are expected to be circulated and more worn. Hopefully this helped! |
|
Moderator
 United States
187702 Posts |
Remember, proof is not a condition, it is a minting process.  |
|
New Member
 United States
4 Posts |
Thank you for your replies. I knew that a proof coin wasn't really a condition, but always thought it would hold more value than an uncirculated coin.
I'm just glad I ordered the uncirculated dollars rather than the proof dollars back in 71.
Thanks again for the info.
|
|
Moderator
United States
187702 Posts |
Quote:
I'm just glad I ordered the uncirculated dollars rather than the proof dollars back in 71. Job well done.  |
|
Pillar of the Community
United States
3463 Posts |
Proof coins are made with different dies than business strikes. The dies are highly polished so they would most likely grade better than business strikes. You will often see Proof coins graded at PR-70, but how often do you see a business strike coin graded MS-70? Edited by cwb
06/25/2015 7:57 pm
|
|
CCF Sponsor
United States
702 Posts |
Yeah, what cwb said. Mint State 65 Ikes are surprisingly not that easy to find. Well, not that hard to find, but if you look through a gaggle of MS Ikes, you'll see that 65 looks like a lower grade than you might expect because the planchets were generally pretty poor. MS 63 or MS 64 is a pretty common grade decent circulation Ike, kinda like Morgan dollars. On the other hand, by the 1970s Proofs were generally more commonly Ultra Cameo - certainly more than the 1960s and WAY more than the 1950s. Also, high grade proofs began to really become the norm. Proof 67 is a fairly average grade for a proof in the 1970s, so 65s are considered slightly lower-grade than average and thus don't demand a premium. 68s on the other hand are less common. But MS 68 is a downright scarce grade for most Ikes and I think it's top of pop for some. Dang well near it, at least! So 65 might not be the right grade for the Red Book to use for a fair comparison... : ) |
|
Pillar of the Community
United States
3755 Posts |
Quote:
Proof coins are made with different dies than business strikes. Very true point. BUT... Quote: but my 2016 Red Book reflects that a 1971-S Ike dollar is valued at 50 dollars in MS-65 condition The 1971 S Ike that would be grading out in MS is the 40% silver Blue Envelope Ike. They were NOT meant for circulation. That being said, higher grade Blue Ikes are a condition rarity, so 50 bucks makes sense for MS 65. Remember, the coin is huge with vast fields and plenty of places for hairlines to happen. Remember, they were packaged in cellophane where they could shift around. The proofs were locked into a nice hard plastic case. More likely to NOT get scratched. |
|
Pillar of the Community
United States
6370 Posts |
It's relative rarity in that numerical condition. A coin can have a mintage of 12,000,000 business strikes and 2,000 Proof Strikes. Yes, the proofs are far rarer by quantity available, but very few circulated or were mishandled. So there may be 50 business strikes in MS-65 while there are 500 in PF-65. The MS-65 coins are rarer, making them more valuable.
|
|
Bedrock of the Community
United States
17884 Posts |
It is very simple. The TYPICAL 1971 S Blue Ike was a 63 coin, a 65 was a much better than normal coin and so are valuable. The TYPICAL 1971 S proof Ike was a 65 or 66 so they are very common. So 71-S MS-65 is scarce, 71-S PF-65 very common and the MS-65 is worth more.
|
|
New Member
United States
4 Posts |
Thank you for all your informative responses. I am no longer confused. Well, at least not on this subject. :-)
|
| |
Replies: 13 / Views: 4,267 |
|
Posted 06/25/2015 11:32 am
