Are these Ike FEVs worth having slabbed?

Discussion in 'US Coins Forum' started by bkprewitt, Jul 8, 2012.

  1. bkprewitt

    bkprewitt Member

    Three FEV cherrypicks from a coin show. Are these worth sending to a TPG for slabbing?

    #1:
    fev1obv.jpg fev1rev.jpg


    #2:
    fev2obv.jpg fev2rev.jpg fev2revzoom.jpg

    #3 in next post
     
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  3. bkprewitt

    bkprewitt Member

  4. 10gary22

    10gary22 Junior Member

    Man, the variety is pretty common. Those coins aren't top grades. Before you send any in, why not see what a graded one would sell for. You might be able to get one for less than the cost of submitting.
     
  5. krispy

    krispy krispy

    How much money have you got in these coins at this time? How much do you see these coins selling for graded/attributed in TPG holders, if you go that route? Does the value of what you could be buying these kind of coins for now, raw, make more sense to you than what you would be spending to have them attributed at this time? And what would you expect your return to be if you attempted to resell your coins for once they were graded/attributed by a TPG?

    I think the math is the way to draw your decision on this particular matter. If the coins are selling cheap raw as you picked them, and you can continue buying them in this economical manner for the eventual time when collectors appear to demand and pay higher premiums for the variety later on then you should do this. If the demand never materializes then you are not out certification fees down the road. If demand arises, you can always reassess the value of having the coins graded/attributed later on when they may be more profitable to sell them slabbed. That's how I would approach this, but it comes down to how and when the individual decides to spend their money regarding this matter.
     
  6. mrbrklyn

    mrbrklyn New Member

    That is a personal decision. From a financial decision in the short term, no.
     
  7. Irish2Ice

    Irish2Ice Member

    I like the first one, but all of the above posters make sense. I'm curious how much you cherry picked them for?

    Secondly, it seems like you took pictures at an angle to obscure or simply not show flaws in the coins. This is nice for a good picture but takes away details in the coins that could help us grade them. IMO
     
  8. 19Lyds

    19Lyds Member of the United States of Confusion

    I do not believe that the variety is "pretty common". Especially in higher grades. Of course, this isn't to say that one could not be located with a little effort but the same could be said for the 1972 Type 2 which has similar mintage totals, yet a more established mystique in the rare coin market.

    As for the op, only higher grade FEV's will bring a premium at this point in time as folks simply lay no importance on Eisenhower Dollar Varieties or for that matter, the Eisenhower Dollars period. However, thats not to say that some day that will not change. There was, after all, a time when Morgan Varieties (except of the major ones that is) were of little interest. Of course that interest changed once collections got established, prices got established, and then folks had to find another reason for continuing to collect the lower grade specimens.

    Typically, MS66 FEV's sell for between $450 and $750 depending upon the coin. There are very few currently graded and attributed and I would guess that there are even fewer graded and NOT attributed.

    The folks in the IKE Group spent years accumulating and analyzing this variety which was first documented in December 1999. Since then, MANY folks have been looking for them. Especially the MS66 coins. Estimated Mintages are around 550,000. There are DDO's, DDR's and DDO/DDR coins within the variety as would be expected of any proof Eisenhower Dollar. The results of the IKE Group search (about 7 individuals) amounted to less than 20 in MS66. Both graded and ungraded.

    I expect that since the coin is now in the CPG and prices have been established for the MS66, that the TPG's will be brutal on future MS66's.

    My advice is to only get the best of your collection graded and attributed for your personal collection. None of the photographed coins strikes me as anything special given the angle of photography and the ever present carbon spots on your pieces.
     
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