$ 5520 For A 58 'Ike Dollar (1971-1978) ,1976-D Type 1 Ms'...why?

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Author	Replies: 7 / Views: 1,587
mdpmedia Pillar of the Community United States 3546 Posts	Posted 01/22/2019 12:08 am At the top of the PCGS page it reads what I wrote in this thread's subject line but the coin itself grades out at a 58. Can anyone explain why this coin sold for more than $ 2?. I really must be missing something here? https://www.PCGS.com/auctionprices/...368369494343 Edited by mdpmedia 01/22/2019 12:09 am Report this Post to the Staff

jimbucks Pillar of the Community United States 4691 Posts	Posted 01/22/2019 12:14 am Likely a misprint. Then there is this one. https://www.PCGS.com/auctionprices/...332675827236 Only thing that comes to mind is if these are 40% silver versions. Edited by jimbucks 01/22/2019 12:18 am Report this Post to the Staff
Alpha2814 Pillar of the Community United States 2023 Posts	Posted 01/22/2019 12:17 am "MS" in this context is "Mint Strike" as apposed to "PR" for "Proof". If you click up through the tree a couple of links, you'll land at https://www.PCGS.com/auctionprices/...ke-dollar/31 where they make the distinction. Edit to add: ...but I see your point. Without seeing the coin in question, I can't say for sure. Could be pedigree or something else on the label. But this case is hardly alone -- there's an MS63 that sold for over $14k back in 2001 listed at https://www.PCGS.com/auctionprices/...pe-1-ms/7420 Edited by Alpha2814 01/22/2019 12:25 am Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 01/22/2019 12:34 am I'd have to guess silver planchet error. A Type 2 AU55 sold on Heritage for $8225 in 2016. I also noticed PCGS lists auction record as $14375 for MS63 on their CoinFacts, also Bowers & Merina. Edit: HA coin: https://coins.ha.com/itm/eisenhower...bnail-071515 I see jimbucks edit beat me to it. Edited by kbbpll 01/22/2019 12:39 am Report this Post to the Staff
jimbucks Pillar of the Community United States 4691 Posts	Posted 01/22/2019 12:47 am Yep, 40% silver planchets must be the answer. But what the heck are 40% silver planchets doing at the Denver mint? Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 01/22/2019 02:12 am Quote: Yep, 40% silver planchets must be the answer. But what the heck are 40% silver planchets doing at the Denver mint? According to the Ike Group, there were some 1974D's minted in silver also. Since San Francisco only made Copper Nickel proofs, the rejected planchets were sent to Denver instead of scrapping them. Apparently some silver planchets got mixed in with them. Report this Post to the Staff
jimbucks Pillar of the Community United States 4691 Posts	Posted 01/22/2019 03:02 am Why did they send them to Denver? Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 01/22/2019 03:20 am Quote: Why did they send them to Denver? I gather because it would have been cheaper to transport them from San Francisco to Denver than all the way across the country to Philly (since both mints used the planchets for circulation strikes)........ But this is only my guess. Report this Post to the Staff
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