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Eisenhower 1972 S Type 2 In Mint Case

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Newby Numis's Avatar
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 Posted 04/08/2021  11:07 pm Show Profile   Bookmark this topic Add Newby Numis to your friends list Get a Link to this Message Number of Subscribers

Eisenhower-1972-S-Type-2-In-Mint-Case
Eisenhower-1972-S-Type-2-In-Mint-Case

Hello Friends, I am new to all of this, as I inherited my grandfather's coin collection. I have been studying and going through leaning the grading process. Now I uploaded the image of an Eisenhower 1972-S Type 2. When I compare with the Official Whitman Guidebook it appears it may be an MS-70 or at least an MS-67. There are artifacts in the picture that are either the lens or mint cover as when you look at it under magnification it looks as smooth as a mirror. Now I see what people describe as the exact same coin going from $10 dollars to $10,000, with no explanation as to what makes one worth more than the other. This may have an Eskimo boot or straight leg. Any help would be greatly appreciated
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Newby Numis's Avatar
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 Posted 04/08/2021  11:36 pm  Show Profile   Bookmark this reply Add Newby Numis to your friends list Get a Link to this Reply
Okay, the more I look at it the more flaws I see, like the small pit between the I and the B. How about MS-65? MS-63?
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 Posted 04/09/2021  12:14 am  Show Profile   Bookmark this reply Add Numiscrat to your friends list Get a Link to this Reply
Your coin is a proof, so "MS" graded coins are not relevant to your comparisons. Look for "PR" or "PF". That should help you make sense of the information you are looking at.
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Numisma's Avatar
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 Posted 04/09/2021  12:16 am  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
First off,
What you have is a 40% silver proof. It's a cool coin, but '70s proofs were produced by the millions and are extremely common coins in most grades. It's tough to grade through plastic and I'm not a great grader to begin with, but what I can say is that this isn't extraordinary for the type. A PR70 should have no visible flaws under 10x magnification, which is clearly not the case here, but PR67 is a pretty common grade and not worth too much.
PCGS CoinFacts gives information about population and price: https://www.PCGS.com/coinfacts/coin...-silver/7429
Note that the prices there are rough guidelines for professionally graded coins, so the actual value of a coin like this is lower. In short, it's a lot closer to $10 than $10,000.
As for the $10,000 figure you mentioned, that's probably just the asking price. People can ask whatever they want on ebay, but it doesn't say anything about the coin's value unless it sells.

Thanks for sharing (and for posting clear pictures of both sides without being asked )! Feel free to post any other questions about your collection.
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Conder101's Avatar
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 Posted 04/09/2021  08:17 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Something else to understand is that I believe ALL of the proof 72 S coins are type II or var 2 reverse (it was the normal rev for the proof coins). The rare coin is the 72 Philadelphia coin with the type 2 rev.
Edited by Conder101
04/09/2021 08:18 am
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Newby Numis's Avatar
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 Posted 04/09/2021  08:43 am  Show Profile   Bookmark this reply Add Newby Numis to your friends list Get a Link to this Reply
Thanks, for all the help and the welcome. So I'm not rich yet, lol. What about this Eskimo boot, or peg-leg variations, anyone have an explanation about that?

Thanks
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John1's Avatar
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 Posted 04/09/2021  08:59 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Check the Ike group.
John1
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Newby Numis's Avatar
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 Posted 04/09/2021  09:41 am  Show Profile   Bookmark this reply Add Newby Numis to your friends list Get a Link to this Reply
Thanks John1, I had seen that, and that is why I was confused in the first place.
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