I also bought from a guy a bunch of Ike dollars, I paid face value for them, do they have a value other than face to speak of ?? I also got one in a blue envolope that says "silver" dollar, It is a mint proof but is it 90% ? I paid him 2.00 for this one ?? Thanks. I figured I would just hang on the Ikes as they should always be worth face at least right ??
Well if they are in less shape than BU than yes, they are just worth face Now, the blue ikes, are 40% silver, so $2 is a good price Go to http://www.coinflation.com/coins/1971-1974-1976-Silver-Eisenhower-Ike-Dollar-Value.html That is the value of the blue ikes. (melt value anyways)
It is pretty hard to beat face value! I am curious how many you were able to get at that price and what different dates you got. Regardless what anyone else would say, they most definitely have value greater than face. There are a number of different varieties that are collected in the series. That would be an uncirculated 40% clad silver dollar. The silver content is worth roughly $4.50 right now, so $2 is a great deal.
First, welcome to Coin Talk. I hope you find the info you are looking for here. Trying to answer your question, there are two types of Ikes that you need to identify. It appears that you have both types. They are either clad or silver. Most clad Ikes don't have a value other than the face value. Depending on the quality of the coins, some dealers will pay maybe $1.10-1.20 per coin. This is what my dealer pays. He will sell them for 1.25-1.50, once again depending on quality. Of course, the real "clean" ones, the ones without too many marks and scratches on Ikes face and the rest of the coin, can get a few more dollars. The ones in the blue envelopes are affectionately called "Blue Ikes" because they are in the blue envelopes. There are ones in brown boxes and they are called "Brown Ikes". Those are proof coins. The ones you have are 40% silver so there is value above face. These typically sell between $4-6 each. My local dealer will buy them for about $2.50. These coins are considered "collector" uncs. These are uncirculated coins, which were specially packaged in these blue envelopes and made for collectors. What is special about these coins is that some of the major varieties of the series can be found with these coins. The 71 S/S is big find as well as the 71S Peg Leg variety. So if you have a few of these, I would recommend doing some more research on them if you decide to get rid of them to make sure you don't have one of these varieties. One of the best places to start is the Ikegroup.org. Good luck and if you have any more questions, please feel free to ask.
For clarification's sake, all Ikes are clad. Some are copper-nickel (aka cupro-nickel) clad with a 100% copper core. Others are 40% silver and have 80% silver outer layers and a core of 20% silver (the remainder being copper). Sorry, Joe. :goof:
I bought 10 plus the "blue" They are 71's,72's,74's,1776/1976,and 78 I also bought about 53 Kennedy halfs all clads for face. Just bought them to hold I guess
Nice purchase. Hang onto them and read CoinTalk threads about grading. That will help you determine which ones besides the silver are worth more than $1.
Website Hi, your 40% silver ike should have a value just under $5. Here is a website that gives the metal value in each coin(the 40% Ikes are on the bottom of the page under silver coins). http://www.coinflation.com/
I'd say that they are all almost worth more than face. They aren't generally available at face any longer. Ruben
