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1973 Ike Scarce Date? I Don't Get It

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cladking's Avatar
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 Posted 11/13/2015  11:44 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
They were circulated... in very small numbers. A mint sewn bag turned up in Florida about eight or nine years ago.

Still, think about this ... a million coins struck for collectors are likely to still exist - in mint state.... they will never be rare. They will never be scarce. True, most examples in mint sets won't grade higher than MS64.... enough MS65s exist at present to satisfy demand. MS66s have come way down in price. You can get a quality one for about $1000. A PQ one - for 2 or 3 times that....

Still, a 1973 mint set is nothing to write home about. Paying extra for it is unnecessary.


It's not so much I disagree as that I see this from a very different perspective. Of course a million coins is by no means rare or scarce but I grew up in an era where two million of a coin made it highly scarce and desirable. Indeed, even today there are nearly two million '50-D nickels in mint state yet this coin goes for $6 and the Ike is only $4. Of course this is caused by far larger numbers of people collecting pre-1965 nickels than who collect Ikes. But this simply misses the point. In 1964 that same '50-D nickel went for about $200 in todays money and the scarcer Ike has never sold for more than about $9 in today's money.

I'm hardly suggesting that the Ike needs to be or ever will be worth $200 or that it should be more than the nickel. I'm merely suggesting that cu/ ni clad coins have never been widely collected and if this ever changes coins like '73 Ikes have a huge upside potential.

You might think there's not really any chance that cu/ ni clads will ever be collected but there are some 50,000,000 young adults who collected states quarters as children. This is the next generation of collectors!! The question is merely one of what will they want to collect. Where the previous three generations of collectors hate clad the next generation grew up with them as their first collection. They may or may not collect Ikes but they aren't going to hate them. Trying to train young collectors to hate clad will simply further thin their ranks.

You know there's another thing about that much more common '50-D nickel; most '50-D's look pretty much the same. Most of them are pretty decent coins. But this isn't true for '73 Ikes. Not only are '73 Ikes much scarcer but most of them are pretty junky.
Time don't fly, it bounds and leaps.
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jbuck's Avatar
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 Posted 11/13/2015  11:59 am  Show Profile   Bookmark this reply Add thelionwarrior to your friends list Get a Link to this Reply
Darth I created these threads because I don't get their worth.... so I wanted to see the view from other collectors who have a better understanding. I have a bunch because I got them with other coins from other collectors that I bought from. I only paid face value for all my IKES cause even when I bought them I didn't see them as valuable at all. However after reading some responses here I could see the upside potential over time now...
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Darth Morgan's Avatar
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 Posted 11/13/2015  4:53 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply

Quote:
Interesting analysis, cladking.


As always.


Quote:
Darth I created these threads because I don't get their worth.... so I wanted to see the view from other collectors who have a better understanding. I have a bunch because I got them with other coins from other collectors that I bought from. I only paid face value for all my IKES cause even when I bought them I didn't see them as valuable at all. However after reading some responses here I could see the upside potential over time now...


I gotcha. Fair enough.
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giorgio11's Avatar
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406 Posts
 Posted 11/13/2015  5:08 pm  Show Profile   Bookmark this reply Add giorgio11 to your friends list Get a Link to this Reply
And if you ever get one that looks like this you will love them forever! This is a coin I never should have sold but did.

1973-Ike-Scarce-Date?-I-Don't-Get-It

Best Regards,

George
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Earle42's Avatar
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10038 Posts
 Posted 11/13/2015  6:02 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Ikes are one of the few clad coins that I personally see as having that "special something" that makes me specifically pursue them. IMHO the design of the US Eagle landing on the moon - and its symbolism, and the great man commemorated on front makes for a patriotic statement few other coins have made.

Cladking is always someone I listen to. I am glad he's part of he CCF family b/c I would not know where else to get the info he shares. In the future his ideas/predictions will probably put even more feathers in his cap.
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jbuck's Avatar
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 Posted 11/13/2015  6:18 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
And if you ever get one that looks like this you will love them forever!
Truth.


Quote:
This is a coin I never should have sold but did.
Wow. Sorry to hear.
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cladking's Avatar
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2271 Posts
 Posted 11/13/2015  8:41 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
And if you ever get one that looks like this you will love them forever! This is a coin I never should have sold but did.


Very nice.

You don't see many Gems of this date.

The Philly Gems are nicer than the Denvers but scarcer. Fewer than 1% of the Phillys are solid MS-65 or better.
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Darth Morgan's Avatar
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 Posted 11/13/2015  10:01 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
I'm particularly fond of this '73, which is nestled safely in my registry set:

1973-Ike-Scarce-Date?-I-Don't-Get-It
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cladking's Avatar
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 Posted 11/13/2015  10:36 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
I'm particularly fond of this '73, which is nestled safely in my registry set:


The obverse on it might be even nicer than the MS-66!
Time don't fly, it bounds and leaps.
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daviscfad's Avatar
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4541 Posts
 Posted 11/13/2015  10:57 pm  Show Profile   Bookmark this reply Add daviscfad to your friends list Get a Link to this Reply
Yes.. by your pictures that ike looks better than 65
Edited by daviscfad
11/13/2015 10:57 pm
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mdpmedia's Avatar
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3546 Posts
 Posted 11/13/2015  11:09 pm  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply

Quote:
....ever get one that looks like...this one


Wow, in this photo it looks like Ike's Rogaine is finally kicking in.

I've never had the pleasure to handle one like this in such a high grade: 66
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Darth Morgan's Avatar
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 Posted 11/14/2015  06:25 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
@cladking and daviscfad- the obverse is exceptionally clean with no distracting marks whatsoever. The toning is absolutely mesmerizing. Lots of pastel colors. I'm really surprised it didn't grade higher. I obtained this piece from James Sego. I have yet to be disappointed with a purchase from him. I'm glad he has an affinity for Ikes. We need a guy like him involved in the market.
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cladking's Avatar
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 Posted 11/14/2015  2:19 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
the obverse is exceptionally clean with no distracting marks whatsoever. The toning is absolutely mesmerizing. Lots of pastel colors. I'm really surprised it didn't grade higher. I obtained this piece from James Sego. I have yet to be disappointed with a purchase from him. I'm glad he has an affinity for Ikes. We need a guy like him involved in the market.


I have a lot of respect for James Sego. He's really sharp and has a great eye.
Time don't fly, it bounds and leaps.
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Earle42's Avatar
United States
10038 Posts
 Posted 11/14/2015  3:46 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
Wow, in this photo it looks like Ike's Rogaine is finally kicking in.

One year later...


1973-Ike-Scarce-Date?-I-Don't-Get-It
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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