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 Replies: 18 / Views: 3,204 |
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Pillar of the Community
United States
2815 Posts |
Same coin. Five months (March-August) between sales for this 1977 Ike dollar in MS66+. Wow.  *** Moved by Staff moved to a more appropriate forum. ****** Edited by Staff to Add Year / Mintmark / Denomination to Title. Titles are Important! *** |
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Pillar of the Community
 United States
8938 Posts |
Market fluctuations can kill or save both slabbed and raw coins unfortunately.
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Bedrock of the Community
13014 Posts |
Makes sense. Using the same place that close together is usually a bad move as are mid summer sales. Combine that with the fact that one bidder (the seller) has been removed from the equation and the winner was probably pretty happy with the price
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Pillar of the Community
United States
1373 Posts |
The difference in prices doesn't mean much to me, but I AM surprised that two buyers would pay that much for those two coins. Neither look very nice to me, and the dirty toning looks like they spent time in a campfire.
If the current owners offered either to me, I'd pay up to $3 for one (and I think that would be generous on my end). My 1977 Ike looks great and cost me around $2.50.
This hobby can really show us how egos make our eyes bigger while shrinking our brains.
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Bedrock of the Community
13014 Posts |
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If the current owners offered either to me, I'd pay up to $3 for one (and I think that would be generous on my end). My 1977 Ike looks great and cost me around $2.50. Honestly statements like this are just silly and uninformed. You would never sniff a MS 66 Ike much less a MS 66+ one for $3 |
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Pillar of the Community
United States
2023 Posts |
Interesting that the photos are so different. Obviously a change in lighting but the cheaper one looks better to me.
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Bedrock of the Community
United States
12477 Posts |
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You would never sniff a MS 66 Ike much less a MS 66+ one for $3 1977 had a mintage of over 12.5M. According to PCGS, 1,025 have been graded as 66 or 66+. Of course, they have to be submitted to PCGS to be included (big hurdle). Given the mintage and time frame, yes, high grade Ikes can and will be found in personal collections of people who actively collected during the 70s. There may be some nice toners mixed in, as well.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
 United States
5029 Posts |
Cost comments aside - that is a beautiful IKE!
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Moderator
United States
187702 Posts |
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Honestly statements like this are just silly and uninformed. You would never sniff a MS 66 Ike much less a MS 66+ one for $3 Agreed. I know because I have been shopping for slabbed Ikes over the last two years now.  Quote:
Cost comments aside - that is a beautiful IKE! Also agreed. |
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Bedrock of the Community
United States
10034 Posts |
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, and the dirty toning looks like they spent time in a campfire. Funny. My thoughts exactly. My grandfather used to have laundromats. Out in back of one was a burn pile in which, as a kid, I would sometimes find clad coins that had somehow gotten in with the trash. Some of those burned coins looked like this finish as the picture shows it. I am not saying the Ike was burned, I am just noting the similarity. |
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Pillar of the Community
United States
1373 Posts |
Speaking of HONESTY, yes, I would 'sniff' if I was offered a MS-66 for $3. Why pay more for a coin I don't need? I have one already and am very happy with it. It looks nicer than the soot stained coins pictured above, and like I said, I got mine for $2.50. My coin might be an AU-50 or might be a MS-70; who knows? I don't, but paying through one's nose to be able to say "Oh, my coin is MUCH superior to your coin" is the silliness of the hobby.
I do not sell coins, and don't expect I'd ever get back more money than I paid for them if I had to dispose of them one day.
If I needed money badly, I can take my 77P Ike out of my folder and to the bank and they'll give me $1 for it. If the owner of one of those two slabbed Ike's took theirs to the bank, they would get....$1. As I mentioned before, buying overpriced slab coins is more an ego trip than buying a similar graded 'raw' coin.
PS: I am writing from my heart, and voicing my ideals. Whatever someone else feels is their choice and I'm ok with that too.
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Bedrock of the Community
United States
73747 Posts |
It kind of reminds me of stocks prices going up and down.
Errers and Varietys.
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Bedrock of the Community
13014 Posts |
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As I mentioned before, buying overpriced slab coins is more an ego trip than buying a similar graded 'raw' coin.
Not even close, but the fact you believe that just proves my first comment was spot on. Statements like that just show ignorance and disdain for people not doing things the way you want them too. Quote:
It looks nicer than the soot stained coins pictured above, and like I said, I got mine for $2.50. My coin might be an AU-50 or might be a MS-70; who knows? I don't, If you don't know if it's a 50 or a 70 you certainly have no idea if it's nicer or not. |
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Pillar of the Community
Canada
1723 Posts |
It all comes down to preference guys and gals. Some people just desire the TPG coins and are willing to pay for it. Price point really comes down to the right place, right time, right buyer. I myself "prefer" higher grade raw coins for recent years and willing to pay for that to a point. As the coin gets older, lower grades I'm more than willing to accept. I personally have no desire to pay MS or higher coin prices. That's just me. I buy what I would like to have and others do what they need to do. It doesn't really matter if it is ego driven or any other reasons. If that's what someone wants in their collection so be it and none of us have a right to turn our nose up to others difference of opinions. |
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Pillar of the Community
Canada
683 Posts |
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.This hobby can really show us how egos make our eyes bigger while shrinking our brains. This is really the only part I (sort of) agree with. However, not everyone likes to just collect circulated example worth only about face value, some people prefer higher grade example (which for the Ike dollar, anything above MS-63 is harder to find than some Morgan dollars almost 100 years older!). Quote:
. Why pay more for a coin I don't need? Again, other people set different goals. Some just want every date and mm, some want the lowest grade examples (yes I do find it kind of silly), some want every date mm over a certain grade etc etc etc. I respect your opinion but you should respect the opinions of others. Edited by Optimist-numismatist
08/24/2018 5:57 pm
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Pillar of the Community
 United States
2815 Posts |
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but I AM surprised that two buyers would pay that much for those two coins. atticguy- those two images are of the same coin. I wanted to showcase how different the sold values were for this particular Ike within the span of just 5 months. And basebal21 nailed it. For the price paid originally, this was in no way a flip kind of coin. It was sold too soon and through the same venue- a BAD combination. I bid $100 on it knowing well that I would get outbid, but I threw it out there anyway. Man, I sure wish I had bid more. The reason? This Ike isn't just slightly better than a 66. It is ALMOST a 67. It is not a 66.1 or a 66.2. It is probably a 66.7 to a 66.9. This is why the plus designation is important to collectors like me. It's the same with CAC stickers. The green bean doesn't just simply agree with the grade on the slab. It says that the coin is SOLID for the grade. Every green bean Ike that I own deserves to have it. The 1977 in my registry set is a 66, and I can tell you with absolute certainty that this coin is on another level entirely. It is so close to 67 it isn't even funny, and someone got it for only $168. At that price, this is a shut up and take my money coin. I really enjoy the hunt as I continue to upgrade and build my registry set. Check it out in the link below.  Quote:
Given the mintage and time frame, yes, high grade Ikes can and will be found in personal collections of people who actively collected during the 70s. There may be some nice toners mixed in, as well. I believe this to be true. Just recently I was able to nab 9 proof planchet 71-D Ikes that came from a single original roll that was put away in the 1970s. That roll produced eleven 66 and nine 65 grades- a truly legendary roll! |
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Replies: 18 / Views: 3,204 |
Posted 08/23/2018 9:07 pm
