Fng intro and a question. 1971 S Ike

So I'm not sure exactly what I have here. I bought the coin off a guy on offerup. For some reason I just had to have it. Not really sure why it just called my name.I know it's a peg leg but something is telling me it's more than that. Is it worth sending in to get graded? Thanx in advance!

 

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Welcome to Coin Talk. What is this on Ike's chin?

If it's a gouge on the coin, do you think it would straight grade?

 

I'm not exactly sure what it is. But yes there is a damaged spot on his chin. And what do u mean by straight grade? I also took the coin to a local shop here and the employee drops it right onto the counter to see what kind of sound it made. Damage could have happened then.

 

It's 3 AM where I live and I'm going to bed now. I'll get back to you tomorrow. Sorry, but I'm very tired now.

 

Welcome to the board. We all buy one (or more) just because. I have an Anglesley "druid" penny token with hole it that I use for a ring fob. I cannot speak to the damage (if that is what it), on your Ike Dollar, but the coin itself opens up avenues for collecting. You could add the Susan B. Anthony in the same cameo grade with the same Moon Landing reverse. Putting togethe a Bicentennial series in cameo proof would be a pursuit. You could go for Eisenhower himself on medals, etc, or with space exploration. Just Apollo would keep you busy.

 

What did the LCS person tell you?

 

No, it's not worth grading, but if that LCS employee had (intentionally) dropped my coin on the counter to see if it was silver, I would have made the LCS buy it right then and now.

The term "straight grade" means that the coin would not be a "problem coin". Reputable grading services will not assign a numbered grade to a problem coin.

By the way, welcome to the neighborhood.

 

The drop test is nothing but a good way to damage a coin. Shame on your LCS for doing that.

 

@Mike1978. Sorry I took so long to get back to you. Rather than me explaining the difference between a straight grade and a details grade, here's an excellent article to explain it: https://coinweek.com/education/coin-grading/coin-grading-a-closer-look-at-details-grading/
Also, the person at your LCS had no business dropping your coin on the counter for any reason. If they know what they were doing he/she should've known that 1971 S Ike dollars were composed of 40% silver OR "an outer layer of .800 silver, .200 copper bonded to inner core of .209 silver, .791 copper (net weight .3161 oz. pure silver)." Info re composition from RedBook.

 

Does anyone happen to know the ballpark price on this guy?

Thanx,
Mike

 

Given the fact that it is damaged, it's worth whatever 40% silver clad melt is. I did a quick Google search and got $7.10. This coin is easy to find undamaged, so the junk silver price should be about right.

 

It may not straight grade. It appears to damage imo.

 

Thanx for the info I still like it gonna add it to the keep pile

Mike

 

Welcome to CT better luck next time.

 

FNG are you a vet?

 

No. Fng fukin new guy

 

Pretty much the opposite of a FOG . . . .

Z

 

That's what we called newbies in Nam

 

Thank you for ur service. I never had the honor to serve plus I wasn't born til 78.