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Circulated Eisenhower Dollars

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snitchard's Avatar
United States
420 Posts
 Posted 05/07/2009  6:10 pm Show Profile   Bookmark this topic Add snitchard to your friends list Get a Link to this Message Number of Subscribers
Hello,

I have 4 Eisenhower dollars that my mom gave me from circulation, she works at a bank. I asked her for more but she said they hardly ever come in anymore and I can't find a mint mark on these dollars. I want to start an Eisenhower/SBA folder of circulated coins. The SBA coins are really easy to get but Eisenhower's don't seem to be. Any ideas? Where are the mint marks?

Thanks,
Rich
Rich M. - Collector since 2008
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wd1040's Avatar
United States
3098 Posts
 Posted 05/07/2009  6:14 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
It's right under the neck. If there isn't one, then it's from Philadelphia.
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jbuck's Avatar
United States
187702 Posts
 Posted 05/07/2009  6:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Yes, what WD said!

Since you want to collect circulated coins, you should check out the coin shows. There are often a few dealers with common date Eisenhower dollars for (at most) a small premium above face; I have seen some for sale at face value.
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nod2003's Avatar
United States
3294 Posts
 Posted 05/07/2009  7:03 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
You could also try craigslist. I have seen some for sale there once in a while for $1.50 each, which isn't terrible, especially if you can cherry pick them.
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Jaobler's Avatar
United States
6381 Posts
 Posted 05/07/2009  7:16 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Banks in my area occasionally have a few Ikes, sometimes even a roll. I buy them on the off chance that there will be a silver-clad or even an old silver dollar in the stack, although I've never yet found one. Then I spend the coins whenever I make small purchases or leave them for tips. People are usually surprised and happy to receive them.
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gmherps13's Avatar
United States
295 Posts
 Posted 05/08/2009  07:20 am  Show Profile   Bookmark this reply Add gmherps13 to your friends list Get a Link to this Reply
I really like the Ike coins, not sure why but, I really cannot seem to cut any of them loose once I get them
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jbuck's Avatar
United States
187702 Posts
 Posted 05/08/2009  10:24 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I really cannot seem to cut any of them loose once I get them
I have the same problem!
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SJUHawks's Avatar
United States
383 Posts
 Posted 05/08/2009  10:45 am  Show Profile   Bookmark this reply Add SJUHawks to your friends list Get a Link to this Reply
I had the same problem until I had ~200 or so. Then I brought them to the bank, got $200, went next door to the coin shop and bought several coins I needed for my 7070. 17 more to go!
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Texas Trader's Avatar
United States
250 Posts
 Posted 05/08/2009  12:44 pm  Show Profile   Bookmark this reply Add Texas Trader to your friends list Get a Link to this Reply
You could always try here on the Buy or Trade forum. I know I have some circulated coins I would look at giving up to help a member complete a set. My extras are nothing special but I would probably have some hole fillers.
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Elimist's Avatar
United States
632 Posts
 Posted 05/09/2009  08:33 am  Show Profile   Bookmark this reply Add Elimist to your friends list Get a Link to this Reply
If you want to collect a SBA/Eisenhower dollars set from circulation then your going to need some patience. Even though an SBA in circulation does still happen, it like a once in a blue moon thing. And forget about getting a IKE back in change. So, pretty much your going to be hitting a bank for these coins. IKE's are going to be the challenge becuase they're pretty hard to find at banks. Plenty of people have gotten them from banks when they asked for them, but then again, most don't.

Plus, there were some years that the IKE and SBA's weren't released into circulation. Namely, 1973 and 1981. So you would have to purchase those to complete a set unless you are incredibly lucky and come across these in circulation.

Like what was suggested to you here, you can always find any of the coins for this series either at shows or on the forum. And if your really going to try to pull this set from circulation then you might want to do that. I gave up on making my SBA set from circ. because 90% of the SBA's I got from banks where 1979's. I went to my towns only coin show to fill out my IKE album. A guy there had a coffee pot full of them selling them for $1.30 apiece. And I still didn't find a 1977 plain in that mix, which turns out to be the lowest mintage circulating coin from the series.

But overall, I like the set because their somewhat obscure modern coins, in my opinion. I mean, hardly anybody under 40 knows what an IKE is nowadays and the coin series itself ended only 30 years ago. Plus these coins are easy to get, readily available in high grades, and have some varieties to the series if you interested in that. And the one big big plus........there are SILVER IKES!!
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Gothic Florin's Avatar
United States
2541 Posts
 Posted 05/09/2009  08:57 am  Show Profile   Bookmark this reply Add Gothic Florin to your friends list Get a Link to this Reply
ebay is always a good bet.
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snitchard's Avatar
United States
420 Posts
 Posted 05/09/2009  9:23 pm  Show Profile   Bookmark this reply Add snitchard to your friends list Get a Link to this Reply
Hello,

What about mixing circulated with uncirculated coins? I'd prefer not to do that but it sounds like that may be the only way to complete this set. I have yet to buy the folder but if I mix I'm not going to like putting uncirculated coins in a folder and I don't like putting circulated coins in a nice album. Sounds like I'll have to do one or the other and I'm conflicted. Any advice?

Thanks,
Rich
Rich M. - Collector since 2008
Valued Member
United States
99 Posts
 Posted 05/10/2009  12:14 am  Show Profile   Bookmark this reply Add Dnickels to your friends list Get a Link to this Reply
I'll vote for albums. I started out a folder fan myself, but I've seen the light. Folders are not good at protecting your coins with one face exposed. They also don't show off your full coin! Maybe you put one coin in backwards to show off the reverse, but you can't see the reverse for the majority of them. I've also had problems with coins fitting into folders with some needing to be really jammed in there and others falling out when you pick up the folder.

Albums are the way to go, imho. They do cost more, but its well worth it if you want to get into coin collecting. Albums will much better protect your coins over the years and will better display them. And don't be afraid to mix your circulated with uncirculated in an album, you can always move them around later if you want to start a new dedicated album for each kind.

If you go with albums, your next choice will be what kind to get. I'd recommend going with one brand for all your albums as it will look better on a shelf or wherever you store them. Going to a local coinshop and looking at the different brands can be useful. The major differences seem to boil down to which style/color you prefer instead of actual functional differences.
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Morgans Dad's Avatar
United States
5604 Posts
 Posted 05/10/2009  10:35 am  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
Dnickels, you have sound advice, I would ask which album do you prefer, I use the Whitmans (1st one 23-cents in 1963) and Dansco, which I believe is the best for the security and viewing pleasure, a little more $$$$$$$, but this is something I feel very strongly about, plus they offer a "sleeve" to protect the coins in side the album, against toning, just my ten cents, my Two Cents are free!

I also collect IKE'S, they are an under-rated coin, IMHO, also working on the second set, Extra's are sometimes right there in front of your face, sometimes, NOT!!
Edited by Morgans Dad
05/10/2009 10:40 am
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mycrob's Avatar
United States
2602 Posts
 Posted 05/12/2009  10:26 am  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
If you want Ikes for face value, best bet is to be persistent, asking at different bank branches. I ask for them from time to time. Most of the time, the answer is no, but occasionally, I've gotten a few. I've gotten about 100 from the banks over the last few years, some in very nice high grade. The toughies will be 72 Type 2 and 73 P & D, and all the proofs.

If you are more desperate to complete a set, then most local coin stores will have them for 1.25-1.75 each, which isn't that bad. They really are very hard to find at the banks, and although the Fed still says you can order them, I haven't heard of anyone on this forum being successful- there was a thread discussing this last year that I cannot find. So frankly, I think 1.25-1.75 per Ike is pretty good considering the difficulty in finding them for face value.
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jbuck's Avatar
United States
187702 Posts
 Posted 05/12/2009  3:35 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
What about mixing circulated with uncirculated coins?
My Eisenhower dollar album has a mix. I have no problem with this at all.
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