71-72 unc/proof set

Discussion in 'US Coins Forum' started by 0000, Mar 30, 2015.

  1. 0000

    0000 Member

    why are there no ike dollars in 71-72 unc/proof set. Where they sold separately?
     
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  3. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    They were sold separately.........brown box Ikes (proofs) and white envelope (unc.) I believe. They were also silver clad. If I'm incorrect someone will be by shortly to correct me. :)
     
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Ken, the UNC's were called "Blue Ikes" because they were in blue envelopes.

    Chris
     
  5. 19Lyds

    19Lyds Member of the United States of Confusion

    I don't know why they weren't in the Uncirculated or Proof Sets.

    Regular CnClad Ikes had to be acquired at a bank in 1971 and 1972.

    The Mint was a little weird back then because the 71 and 72 IKE's weren't in the Uncirculated and Proof Sets, yet in 1973 they did include them but never released any to the Federal Reserve so the only way to get a 1973 (P or D) IKE was by buying the Mint Set.
     
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  6. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    I stand corrected........:)
     
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  7. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Aw, just buy me a beer!

    Chris
     
  8. onecenter

    onecenter Member

    "Brown Ikes" were the proof silver clad dollars minted in San Francisco. "Blue Ikes" are silver clad from the Philadelphia and Denver Mints in pliofilm with a decorative envelope. The proof silver clad cost $10 in 1971. My parents would not buy me one since it was too expensive for just a dollar coin. I now own one.
     
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  9. 19Lyds

    19Lyds Member of the United States of Confusion

    That asking price was outrageously high considering the fact that a full Proof Set was less then $10!

    BUT, lots of folks bought them and lots of folks lost money on them. Lot's of money.
    There was a time around 2002 where these could be had for $5-$6 each which accounts for a lot of disdain for the series. The boxes were cumbersome and easily damaged with improper storage. Even today, the coins in their raw, brown box state are difficult to sell for the original sales price.

    The Blue Packs, on the other hand, were available for only $3 each and have fair a bit better than the Silver Proofs.

    However, 1971 was a bad year for the 40% Silver Business Strikes since the Mint decided to ship them in 1,000 coin bags to the packaging facility. The end result on this low profiled version was a lot of bag marks which were amplified due to the stark design of the coin.

    1972-1976 proved to be the better years since these coins were of a higher relief and were shipped to the packagers in Tubes which eliminated 90% of the coin contact marks.

    There was a LOT of Hype over the release of the Eisenhower Dollar coin. Many calling them "silver" dollars when in fact, only the collector versions had any silver. Kinda like today's "golden dollars"? Some folks actually think there is gold in them. At any rate, this was probably the first big disappointment with the coin. The second being the over all quality of the "struck for circulation" coins.

    Remember, the Country had only been off the Silver Standard for 7 years. Morgan Dollars, which most folks could get for a buck at any gambling Casino were now "collector coin" and cost more than face value. The country was excited about getting a "new" silver dollar.

    The issue with the Mint and Proof Sets didn't sit well either since folks just assumed that they would be included.
     
  10. Conder101

    Conder101 Numismatist

    Yep, the 71 and 72 proof sets were $5 from the mint. Oh and the $10 cost of the brown Ikes also included $1 for each one sold going to Eisenhower College. The Ike dollar was the first coin sold by the Mint with a surcharge for a private organization.

    Shortly after the Ike dollar ended so did the college (1982). For awhile it operated as a prison, and today it houses the New York Chiropractic College.
     
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  11. onecenter

    onecenter Member

    I never knew about the $1 surcharge. Interesting.
     
  12. iontyre

    iontyre Active Member

    The Blue Ikes were also San Francisco mint Ikes, just in UNC instead of PROOF. No silver Ikes were ever minted at Philly or Denver, other than a few known error pieces.
     
  13. onecenter

    onecenter Member

    Thank you. I learn more about these coins all the time.
     
  14. 19Lyds

    19Lyds Member of the United States of Confusion

    Good Information to know.
     
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