i read on coin inflation that 1971-1978 were silver bbut read it was only some mint marks elsewhere whats true coinflation or treasurenet
The Silver clad Ikes were S mint and made from 1971 - 1976. From 1973 - 1978 The S mint made Copper- Nickel clad as well. Hope that helps.
Ikes, Yikes! To each his/her own. Personally,they exemplify the term "modern crap". That notwithstanding, collect what you like.
This hobby, as any hobby, can benefit from new people and a lot of people read these posts. So now, we have "modern crap". Is there "old crap"? Why can't people just answer the question the poster asked? Jeez. ldhair replied correctly and thanks to him/her.
You are correct that I probably should have passes this thread, but the fact is that many uninformed collectors have lost their arse on over-hyped modern coins. Caveat emptor is not a military saying. A dealer that heavily promoted Ikes was Alan Hagar of Accugrade fame. 'Nuff said.
they are over hyped and i dont collect them but i do crh'ing and i like to know what i should keep. thanks to those who answered the question
I'll tell you what caught my attention about Ike dollars. It's going to be the last large size dollar we will ever see. Putting together a raw set of MS-65 or better is a lot of work but also a lot of fun. The silver is easy but the copper-nickel clads in 65 or better are tough to find raw. The size of the coin make these really interesting to learn how to grade.
Actually they have very very very little in common with modern crap. The term modern is virtually defined by the time at which people stopped saving new coin altogether; 1965. Ikes were saved in substantial quantities and the proof of this is that even the varieties can be located. Varieties of the other coins tend to be rare or unknown in unc. I do agree to collect what you like and I do like Ike. While the coins were saved many have since been released and worn and most dates usually are very unattractive even in unc. Believe it or not Ikes are far rarer in high grade than Morgans and are even more difficult in comparison (for most dates) in the mid-grades. This makes assembling attractive collections a challenge and a very inexpensive challenge at that. A scarce Morgan might cost thousands where a scarce Ike might cost two or three dollars. A 1966 quarter is the epitome of modern crap. Try finding a mushy worn die strike in unc. I don't know who'd want want but just try.
Jeesh. Far more people have lost far more on hyped older coins than on newer coins. There are still lots of people who have made lots of money on modern coins. It might be easy to overlook the fact that there are thousands of moderns that have increased hundreds or thousands fold in the last fifteen years but it's still a fact. How many classics have increased even ten fold in the last couple years?
Most dealers have no interest in most moderns and will not make realistic offers. You simply have to deal with specialists if selling moderns wholesale. Try taking tokens, medals, or world coins to the corner coin shop and you just might be in for a "rude awakening" as well. But their offers do not define the market. The offers are merely reflective of the fact that there is no widespread market for which they can markup and make a quick sale. Anyone who hasn't sold any coins before is likely to be in for a "rude awakening" no matter what he offers at the corner coin shop. The simple fact is it's far easier to buy coins cheap than sell at close to retail no matter if they're old, new, foreign, or tokens.
All Unc 1971 to 74 Ikes from San Francisco are 40% silver All Unc Bicentennial S mint Ikes are 40% silver. All 1971 and 72 proof Ikes are 40% silver. The Proof 73, 74 and Type I Bicentennial Ikes come as both 40% silver or coppernickel clad. (these can easily be told apart using the tissue paper test.)* There are a very few error 1974-D and 1977-D that are 40% silver. All other Ike dollars are coppernickel clad. Hope that answers your question. * Tissue paper test. Lay a single sheet of tissue paper over the coin. If the coin appears white through the tissue it's silver. A coppernickel clad coin will appear a dull gray.
