1974 Ike Bought on Ebay for 6.64!!

Thanks, I am not too disappointed I suppose and do like how the larger dollar coins feel so i guess this coin is worth more to me than most people LOL especially since i paid $6 for it hehehe

 

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I screwed up a few times too when I got back into coins, so I know how it feels. At least you've quickly come to terms with it, and are shrugging it off, because, hey, like ya said, it's only 6 bucks. I'm about to spend more than that on my lunch. $6 isn't much.

Also, remember... if it's too good to be true, it usually is.

 

LOL YEAH! its only lunch right, sometimes spend more than that for lunch! you are right... too good to be true etc.

 

Use ebay's completed auctions as a better idea of value than the Red Book or other printed material that is out of date the moment it is published. Ebay completed auctions will give you a fairly good feel for general stuff, right down to Silver Eagles fluctuating with the daily price of silver (where 2011 RedBook is in the $20's for many while silver is in the upper $30's right now).

I suggest doing low $$ variety of things right now...get an idea of what you like...then begin to focus...the details that are required knowledge to do things well take time and you need to look at a lot of coins to build an "eye" for this stuff.

Enjoy it all. And learning is a great deal of fun.

 

Copper Nickel clad Ikes will show a copper color to the edge. Silver was only used for certain proofs and special collector's coins by the time Ike's came out but in all honesty you need to learn to tell real silver from copper nickel alloy just by sight or feel. Get some pre 1964 dimes and earlier and feel them compared to the new stuff and you should soon get an idea what silver feels like. Is 'soapy' a good word for it? If you are going to buy anything US, I'd invest in a RedBook. Under Ike, you will find that collector's issues were struck in a silver clad sandwich (like the "40%" 1965-70 halves). The circulation issues were made in acopper-nickel sandwich with a red copper central layer that shows when you look at the edge. Due to this post I learned in a RedBook note that there were a few 1974D Ikes struck by mistake on silver flans but the 2011 RB does not price them. Yours has no D so it definitely is not one but I suspect these would be worth quite a bit.

 

BTW, the value of the RedBook is not so much in the values listed but in the other information contained in the text parts which many people fail to read. Their loss.

 

Jason its NiCu but still a nice Ike for what you paid. I miss the old days when I could go to the bar with a pocket full of these and tie one on.

 

Since elements are listed in order of what is more abundant in the alloy, its CuNi.

 

My local dealer has a box full in flips that he sells for $1.50 each.

 

IMO, there's NO chance of it being 40% Silver since it does not have any mintmark.

Back when the 40% Silver coins were being produced at the San Francisco Mint they were also producing copper-nickel proof coins. Rejected cn proof planchets, due to planchet defects or problems with the planchet preparation processes, were sent to the Denver Facility for use in the production lines. Occasionally some rejected 40% planchets found their way into those shipments which accounts for the rare D mint 40% Kennedy's and IKE's.

Philadelphia did not handle nor use 40% Silver planchets since these were "specialty" planchets for special coins only produced in San Francisco.

BTW, anybody wanting nice unc cn Clad IKE's need only PM me.

 

Jason,
My first purchase was Susan B Anthony dollar. I pad $13 for it. It is worth less then your Ike.

 

My first purchase was a 12 th century Norman crusader coin....

 

Pocket change...

 

LOL and it turned out to be real..... lucky lucky lucky

 

Lol

 

Jason, if you do like the Ike design, and want to put together a circulation set, ask if they have any when you go to your bank. I went to the bank once for a withdrawal and saw a big ol' Ike sitting in her drawer, and bought it. She said "you want that?!" It was beat up a bit, but for a buck, why not.
I've heard of other people finding them at banks, and the tellers are all too happy to clear those big dollars out of the vault.

 

I take all the ikes I can find looking for '72 Type 2's. I've found three so far, two in low AU, so around $40-$50 each, and one MS example, so around $100.

 

Bummer about it not being silver like you thought, but consider yourself lucky that it was only $6 and take it as a learning opportunity. I really wish all of my mistakes (aka numismatic tuition) only cost me $6!!!!

 

Lesson learned. I wish I got ripped off on a $6 purchase instead of a $580 dollar purchase.

 

Cool, i think i will try that at the bank tomorrow and just ask them do they have any silver dollars?