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Replies: 19 / Views: 3,701 |
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Valued Member
United States
143 Posts |
Haven't seen any Ike dollars for grading, it's in an old NTC slab. It's a 1971 first year of issue, these are the ones that the government put into circulation. The diagonal mark on the obverse at 4'oclock is on the plastic.  
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Pillar of the Community
United States
2177 Posts |
I was going through my RedBook to give this a nonexpert guess on the grade but there is no grading info for the Ike dollars. Maybe someone else can help. I'll give this a bump. 
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Valued Member
 United States
143 Posts |
Wow, can't believe no one wants to take a shot at this one!
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Pillar of the Community
United States
749 Posts |
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Member
United States
3242 Posts |
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Valued Member
 United States
143 Posts |
You guys were a little off and it's probably because of my photos. This may not crossover to a 65 to a top TPG but it would have a good chance. These Ikes are hard to find without a lot of bagmarks in their prime focal areas. This one is pretty clean. You'd have to see it in hand. Remember these were not in the mint sets and there was no special care taken with them from the mint. 
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Pillar of the Community
United States
2797 Posts |
I would also have to agree with the AU grade, despite the Numistrust Slab. There are too many marks and slight wear evident in the photos. PCGS would evaluate this piece based upon a well struck example directly from the mint and award a 65 based upon the quality of the strike and appearance. No special dispensation would be given for the post mint handling marks evident on this piece.
If this crosses to an MS PCGS slab, I would gladly consume mass quantities of crow.
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Valued Member
 United States
143 Posts |
Thanks to all who responded, first of all I'd like to say I know the reputation of NTC. In this case I bought the coin not the slab. Now I really think the true grade of this coin is MS-64. Many people that don't collect Ikes do not know that several revisions were made to the design of the Copper-Nickel clad coins during 1971 and 1972, they were poorly made. It wasn't until 1973 that acceptable strikes were achieved. As most know poor strikes on an uncirculated coin sometimes gives the coin the appearance of being AU. The strike on the coin I pictured is not as bad as it looks. I have one other 1971 Ike in a slab and it's from a TPG, so for arguments sake if the first coin grades AU-50 what would you grade this one. Pic is with the same camera, lighting and white balance.  
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Pillar of the Community
 United States
5953 Posts |
What you say is tru about the ikes from 71 and 72 but yours just lacks the definition to get into the MS range I think. there is also some wear on the top right of the eagles feathers, Compare.. Obverses. 
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Valued Member
 United States
143 Posts |
Hi nohope587, which coin has the wear on the eagles feathers, the first coin pic I posted or the one I just posted today? These are 2 different coins. The strike on your coin is awesome, but it's not a fair comparison, like comparing apples to oranges. I have many 40% silver Ikes and proofs in TPG slabs and I'll post some pics later in the week. If a coin was weakly struck and never saw circulation it would still grade MS or uncirculated. Thanks for your opinion and the great pic of the '72-S!
Edited by mr merc 03/19/2008 12:13 pm
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Valued Member
 United States
143 Posts |
I found a pic of a 1971 Ike in a PCGS slab from a Heritage auction. Image: pcgs65.jpg46.31 KB
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Pillar of the Community
United States
6381 Posts |
Hi Mr. Merc, I would agree that the PCGS coin really doesn't look too good for an MS65 coin. It appears that the typical indifferent strike and poor luster on an early Ike dollar makes it hard to grade. Nevertheless, the NTC coin and the second example you posted both have an AU-ish look, IMO. Luster is very weak on both coins and there seems to be some slight discoloration on the cheek and head which looks like light wear. The great rarity of truly nice business-strike Ike dollars is evident from auction prices. Silver Ikes from San Francisco in PCGS MS67 can be had for less than $50. The cheapest PCGS MS67 Denver coin I found on the Heritage auction archive sold for almost $3000. I only saw one PCGS MS67 Philly coin. It was a 1976 Bicentennial and went for over $4000  .
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Valued Member
 United States
143 Posts |
Yes Jaobler, any buisness strike MS-66 and above are pretty rare for these coins. I've got a few more buisness strike Ikes graded MS in TPG slabs and they all have that same subdued luster. Here's a hint, the second coin I posted is in an ANACS slab and it's uncirculated.
Edited by mr merc 03/20/2008 09:43 am
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Valued Member
 United States
143 Posts |
I'll post a pic of the second coin in the slab when someone takes a guess at the grade.
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Pillar of the Community
 United States
5953 Posts |
the ANACS one would probably have been graded MS63 in one of their older holders if its one of the new holders but before they got tough I would say MS64. I don't say I agree with the grades but its what I think ANACS would have given. I think the TPGs are overly generous on the earlier Ikes. Just my 2 Cents worth.
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Valued Member
 United States
143 Posts |
Hi nohope587, you hit the nail right on the head. It's in an old ANACS holder, I've had this coin at least 8 years. Yes they graded tougher back then in a lot of folks opinions. I'm sure the other coin is also MS, no breaks in the cartwheel and in hand is much nicer than the ANACS graded coin and a better strike, compare the outline of the moons surface. So does anyone think the other coin has a decent chance at MS 65 from a TPG? Wow, I'm really beating this one to death! 
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Replies: 19 / Views: 3,701 |