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 Replies: 68 / Views: 10,325 |
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Valued Member
United States
104 Posts |
Ike dollars are very fun for me. I'm 'hoping' to collect an MS-65 or higher set (except for possibly the '72 Variety II). After doing a bit of online research, it seems like this coin might be gaining a bit more interest from collectors... In your opinion, do you see this as a sleeper set (particularly in higher grades)? If so, what grades would you recommend collecting? Edited by logantrky
03/19/2016 6:16 pm
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Rest in Peace
United States
18456 Posts |
I'm not really into Ike's but I do believe they could be a sleeper . Mainly because they are the last of the big dollar's .
A bagged up Ike looks terrible ,so go with at least MS-65 or better. The early proof silver issues ( Brown Ike's ) are drop dead gorgeous in high PR-66 or 67 Deep Cameo .
Edited by T-BOP
03/19/2016 5:22 pm
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Pillar of the Community
United States
5825 Posts |
I don't think it's a sleeper set.
Seems there are many newish collectors interested in them.
And since the design is now obsolete and quantities well established your costs are well known.
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Bedrock of the Community
United States
11951 Posts |
To me It seems there are more collectors putting sets of Ike's together. The collectors that really like them, are willing to pay higher prices for the really nice coins. But there are still a lot of collectors that have not joined the Ike wagon. Many of those would not pay the higher price that some are going for. There are different approaches to collecting Ike's, some of the more popular are Dansco albums and slabbed sets. With the Dansco albums, they do require the 1976 type 1 and 2. But have no holes for the type 1, 2 and 3 1972's. With a slab set you can include any Ike's you want. 1971 and 1972 Ike's are also harder to find in higher grades. I feel this is partly due to U. S. Mint sets not including Ike dollars. Many collectors will use mint sets to cherry pick nice coins. My suggestion, for a nice slabbed set 1971 and 1972 clad coins in MS 65 or better The other years BU coins, shoot for MS 66 or better Proofs PF 68 or better (PF 69 should not be hard to find) UNC 40% silvers MS 68 or better. |
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Rest in Peace
United States
17900 Posts |
There are so many of them. With the few exceptions of the scarce varieties, there are plenty of them that never went into circulation and are still found in bank boxes and safes everywhere.
I buy estates and I've yet to find one where the coin collector didn't have plenty of Ikes, most still in their mint issue boxes.
They have gained in popularity, but the same thing has been said about them (they are sleepers) for over 40 years now. They've always been sleepers that don't appear to have any chance of waking up anytime in my lifetime.
As for selection of grades, use what I call the Cliff Method of deciding on a grade.
That means selecting a grade at the bottom of a Cliff, just before the next grade jumps the price more than 2X.
That jump is almost always because the difference of the certified examples population reports greatly decrease when they are at the top of the cliff.
An example using PCGS numbers: The 1974 has 1204 examples graded MS 65, while the next grade 66 has only 160 examples.
Prices for the 65 are given (yes, these are their exagerated values) as $34, while the MS 66 explodes to $500.
Buying at the bottom of the cliff is almost always the best way to purchase your coins as they are as good as MOST people will ever want or afford.
The super high prices on the super high grades are almost strictly for the well-to-do collector wanting to assemble
a Registry set.
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Pillar of the Community
United States
7390 Posts |
Yes I belive they are indeed a sleeper. Trouble is, they might take a while to wake up  |
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Pillar of the Community
United States
2270 Posts |
Nice MS-64 and 65 Ikes are probably a steal at current prices. Higher grades are very scarce but they're also very expensive. With this expense comes risk.
I don't think you can go very far wrong paying small premiums for really nice coins.
Time don't fly, it bounds and leaps.
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Pillar of the Community
 United States
3058 Posts |
Jbuck hasn't posted yet? Wow!
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Pillar of the Community
United States
703 Posts |
I dig the Ike's, but not as much as th Franklins. I sure hear a lot more talk about them recently, so much so it had me looking today at the LCS. I picked up a cheapie silver for $13. I'm not well schooled on them at all, but do want to learn more.
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Pillar of the Community
United States
623 Posts |
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Pillar of the Community
United States
6326 Posts |
Jbuck not posting yet IS quite shocking ! --  I am among those who believe it is not a sleeper set as well....or "has been one for 40 years"...  I DO think though that EVERY general coin colector should have an Ike set in their collection, (and most do prolly). The quality degree of that set depends on your passion (obsession) for them, like any other coin. Collect what makes you happy with wisdom and self control and you'll rarely be disappointed.... Edited by eaglefoot
03/20/2016 07:51 am
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Bedrock of the Community
United States
10982 Posts |
It could be a sleeper but right now the sleep is very sound. Ikes have never gained widespread popularity with collectors and I think as the series' ages it will gain some attention. I have never looked into these extensively and would assume since they're moderns you'd want to go with MS67 and up and PR69DCAM and up on proofs if you collect TPG pieces. Best of luck. EDIT: I just checked some dates and see that MS67s are not even available for several dates! Time for further research. Edited by BH1964
03/20/2016 08:29 am
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Pillar of the Community
United States
7840 Posts |
I was bidding on a PCGS Proof set of Ike dollars last week, all PR69CAM, and I fell asleep at the wheel. They went for a fairly good price. There is something about a big hunk of silver, even if it is only 40%. |
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Pillar of the Community
United States
2270 Posts |
Quote:
EDIT: I just checked some dates and see that MS67s are not even available for several dates! Time for further research. The toughest date is the 1976-P type I. If you can find a true Gem (MS-65) with a full strike you're doing great. Several dates are highly elusive in MS-66 and tough in MS-65. Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
4541 Posts |
High grade ikes are somewhat of a rarity.i am working on a set now.. the beauty is, not a lot of collectors so better fruit on the tree
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Pillar of the Community
United States
2815 Posts |
Quote:
How about a "King of the Ikes?" 72P Type 2 PCGS MS64 I would definitely be a buyer for your coin, Russ, if I didn't already have one:   Quote:
The toughest date is the 1976-P type I. If you can find a true Gem (MS-65) with a full strike you're doing great. Quote:
Nice MS-64 and 65 Ikes are probably a steal at current prices. Higher grades are very scarce but they're also very expensive. With this expense comes risk.
I don't think you can go very far wrong paying small premiums for really nice coins. I've been building a nice registry set for a few years now, and I can tell you that this is absolutely true!  Quote:
There is something about a big hunk of silver, even if it is only 40%. Yep! It's important to remember that if the Ike series ever has an awakening sometime in the future, then it won't really matter how long it slept beforehand, except maybe for those who acquired the best coins years earlier. It's a tantalizing scenario that could happen. Right now, though, I'm enjoying the acquisition of quality Ikes at good, reasonable prices. Edited by Darth Morgan
03/20/2016 4:59 pm
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Replies: 68 / Views: 10,325 |
Posted 03/19/2016 5:43 pm
