1971-S Eisenhower Lottery

Have anyone seen this article in Coin World on the 1971-S Eisenhower dollar which appears to be a pattern. Evidently it's value is estimated to be 5 figures, and the deal who found it basically won the lottery.

The problem I had with this was, how do they know its a pattern? If it was something very minor, I wonder how it can have that kind of value.

Ruben

 

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doesn't anyone read coinworld anymore?

Ruben

 

Sorry Ruben, I thought I actually responded to this, but I must have gotten side tracked. As of lately, I have been into IKEs, especially since I believe I found a Proof 71 DDO and Proof 72 DDO. There is a coin auction tomorrow and once I can get some other coin folk to confirm my find, I will be sending them into PCGS.

Therefore, my only comment to your original post would be that this guy must be a really, really, really big fans of IKEs and knows everything inside and out of the coin to determine that he had something special. To someone like myself, I may have noticed something out of line, but wouldn't have thought about it being a pattern coin. Its the same as those individuals who are big Morgan lovers and can pick out a VAM with a quick glance. To me, they would all look the same. You have to really know every aspect of the coin in question to identify something as unique as that.

PS - and yes, I did read the article and thought it was really neat and only hope one day I can be as fortunate.

 

There were two aspects of this which sort of make me shake my head. Unless there were no 1971 Proof S, the very minor differences between the strikes would be very uninteresting to me and to call it a Pattern, I believe would be Hyperbole. They must have had dozens or hundreds of dyes in production and, so what, one got through with variation. It would be at best a VAM, just another die oddity. Now tell me it is a 1970 -S pattern, then you might have something. This just doesn't justify a 10,000 price tag, IMO.

Stranger was the story of a guy who found a MS clad coin in a Blue proof envelope. they attributed as an error coin, a wrong Panchete? Eigh, fools gold. A clad coin fell into the hopper and the Proofs and MS's were so similar, nobody noticed. Big deal.

Ruben

 

Yea but what's the difference between this and the Cheerios "pattern" dollar coin? Sounds like a similar deal.

 

Well, the Cherrios Pattern really was a completely different design, not a minor unnoticeable unintended variation. They reworked the Eagle design after the Cherrios release.

Ruben

 

BTW - wouldn't call the Cherrios Sac a pattern either. A Pattern is a coin produced as a sample or a mock up prior to even authoriztion of its productions. Most patterns never see their designs meet the light of day.

The Cherrios is really just another variety as well.

Ruben

 

I googled it and came up blank. what is a DDO proof

Ruben

 

Double(d) Die Obverse

Or

Die Doubling Obverse

Ribbit

 

......That is a proof.....

 

The good news is today that not only did I confirm that I had a 71S DDO and a 72S DDO, but that the 72 was also a doubled die reverse. In addition to that, the 71S PCGS coin that I have was also a DDO but not attributed as such.... probably because whoever sent them in never paid to have it attributed.

The only negative thing is that both coins have these tiny nicks all over the coin. I was concerned by that. The people who looked at the coins thought I may have cleaned them or who ever I bought them from had cleaned them..... but I cracked them out of a brown IKE box and they went straight into my album. Fortuantely, there were no scratches from the plastic slide that so often leaves marks as it slides across the face of the coin. I wish I knew how these marks showed up on the coin.

How do these marks affect the overall grade of the coin? The one nice thing is that everyone commented on what a nice deep cameo look these IKEs had. IKEs head was very nicely frosted on both coins.... but the reverses not so much.

Anyway, this is what makes this hobby so fun. I had a load of fun searching for these and identifying them.

 

Congratulations. How about some pics? For me the thing about collecting is the historical beauty of the coins and taking pictures of them. Good proof IKE has incredible finishes and the IKE portrait is very aesthetic. I think it is the best portrait of any of the coins. Great IKE's make me stop and stare.

http://www2.mrbrklyn.com/ikes.html

Ruben

Ruben

 

Ruben, checked out your site. Looks really neat. Attached below is the 71S PR69 that I had that I slightly suspected as being a doubled die obverse and had it confirmed today by some other people who have been doing this a lot longer than me. My other two are raw and I have not photographed them yet, but will try to do so tomorrow.

 

wow - that is a nice coin. Is the double die on the reverse? I have other Ike coin photos that never got into this website. One is a movie where you can really see the reflectiveness of the coin. It is somewhere on cointalk in a thread with me a bone.

These are also still relatively affordable. Cheap art

Ruben

 

http://www2.mrbrklyn.com/coins/ikes/mov02168.mpg

 

Ruben, I have tried to zoom in on the motto and date to show the doubled die, but with no luck. The closer I get, the blurrier it gets. One of my local coin dealers says that he saw a strike through on the face of the coin, but I can't see it. I don't particluarly like this coin. Compared to the raw one that I have, this one is not as nicely struck. I will try to get those pics up later.

 

The reason you can't focus on them is because you have a doubling - so if you have a digital camera, put the flower on and give it another whirl. I had similar problems with this peice

http://www2.mrbrklyn.com/coins/barabara_1915_D_obverse_very_clear_2_date_stars.jpg

until I figured out that it wasn't the camera, the blur was in the real coin.

Ruben

 

I haven't read the article but this isn't the MS silver clad that was struck with an unfinished proof rev die is it? (If it is it would be just a variety in the same category as the 1998, 99, and 2000 lincoln cents. There are several other varieties in different series in this category.)

 

That one was also mentioned in the article..... and no thats not the one we are talking about here. The one you mentioned was still a neat find though!

 

Joe,

that 71-S proof you posted, it looks like a Peg Leg?


stainless