5 Tons of Ikes Found

I just didn't think there would be a demand for those Ikes at that price.

Morgans and peace i could understand. I guess now we just watch the littleton site and see what they post. And knowing littleton it will be good for a laugh cause from what iv heard and seen their stuff is overpriced

Ps Littleton is calling it the Big Sky hoard on their website

 

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I am sure TPG's will be happy to develop a special label for them (for a pricd) just to inflate the prices just like they did with Binnon's.

 

Just have them move them to my basement. K? Thanks

 

In other news, Littleton uncovered 60 tons of rare gold presidential dollars from a special facility in D.C. I hear they paid face for them.

 

Really? I think I saw a hoard of SEGS MS70s on the Bay a while back!

 

The bottom line price for Morgans and Peace Dollars is the silver content barring any numnismatic quality's. The point I was trying to make with that comment is that regardless of series or coin, there are always rarities based upon grade.

As for Littleton, I emailed them asking about what dates were in this hoard. Their reply is below:

"Dear Lee,

Thank you for taking the time to contact us.

Littleton Coin Company is very excited about obtaining the Big Sky Hoard! This enormous hoard will yield over 220,000 coins!

Our expert coin buyers are still examining the coins, which will be graded and packaged. Until this is completed we do not have any additional information on dates and mint marks. We are excited to offer these incredible Eisenhower Dollars in early January. Until then please visit our website for more details on the Big Sky Hoard. I have provided a link below.


http://www.littletoncoin.com/webapp/wcs/stores/servlet/Display|10001|10001|-1||AboutNav|news-2011-12-05.html?cm_sp=HP-121211-_-HeaderEspot-_-BigSkyHoard

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As I said, I expect they'll hype the heck out of these and end up selling them to some poor soul for $10-$30+ each. Not this poor soul though.

P.S. I don;t know why they couldn't just answer the question since each bag is clearly marked as to it's contents. The photo's in the Big Sky Hoard link show 1974, 1977, 1978 whhich is pretty good. Philly coins are really tough on MS66 graded IKE's since they dialed the presses way down. This is the reason Philly coins always have an abundance of "chicken scratches" near the edges which in reality are "annealing marks" which are left over if the strike is weak.

 

Many smaller banks have vaults the seem to never empty their contents of coins.

About 25 years ago, I believe it was published in The Numismatist, was an article about a gentlemen who started buying all the half dollars in a small bank in Colorodo for searching and finding goodies.

As he went through the of rolls of clad Kennedy halves, he would return them, and then obtain his next load. Eventually, as the tellers went deeper into the vault stash, the clad Kennedy halves gave way to rolls of silver clad Kennedys, then a nice mixture of 1964 Kennedys and Franklin halves. He kept going, and found all the Walkers and a smattering of Barber half dollars, too. For some reason, the number of 1470 sticks in my mind as the number of silver half dollars that were "found."

 

Ike's ... no offense, but ........... ee'yawn.
I'd be more excited if they were memorial cents.

 

I was going to state MS68 since the possibility does exist but to date, no copper-nickel clad IKE's have ever graded MS68 (except for our buddies at SGS that is) and this hoard is all copper-nickle clad coins.

MS69 is the money grade for the 40% Silver Clad Coins but the only date which was stored or shipped in bags was 1971-S (which accounts for the "lack" of MS68's for that coin) and since those bags went directly to the packager, I seriously doubt that any exist within this "hoard".

 

Yep... "hype" is the name of the game. Mention that word and I immediately picture those two guys on Coin Vault.

 

I think the "hype" started when they named it and paid someone to design a logo for it already! LOL

 

Definitely not SEGS. More than likely SGS (Star Grading Service)!

 

A 2.5% per annum rate of return, compared to an official 3% rate of inflation and that is before paying storage fees for 32 years. Sounds like a pretty good loss to me.

I would believe SGS but not SEGS. I doubt that SEGS has graded ANY Ike a 70. They have given out darn few 70's for ANYTHING. As a general rule they don't really believe in 70's.

 

I stand corrected, SGS, SEGS, either/or...it was a JOKE people! :dead-horse:

 

I watched that show for the first time last night!

 

Are Ikes really that rare? I mean I'm pretty sure there are a few but the way they're saying it its like bags of rare ones. Maybe the silver ones might be worth a bit but still.

 

Well, if they were "rare", there wouldn't be bags of them. Probably the most abused, overused term, not only in numismatics, but in all collectibles. However, that being said, there are many, many people who have never even seen an Ike. That's why I can sell them at the local flea market, three for five bucks. I get 'em at the bank (just like anyone can) and put 'em a 2x2. Never fail to sell out.

 

Mintage rarity and condition rarity are two very different things. Mintage rarity will always be "rare", but condition rarities are only one "bank vault" away from becoming commonplace.

If you find an MS66 Type 2 1972 Ike, then that's a condition rarity (and quasi-mintage rarity) and worth quite a lot. The problem is that I doubt any of these "tossed around" bags have much of anything grading over MS65. If they do, it will take one heck of a time to sift through them all! If they found even a handful of MS67 clad Ike's among the bags I'd be surprised...

 

Dang now my MS69 Ikes will only be worth $6 not $7