Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
"Big Sky" Ikes for sale by Littleton
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 1344065, member: 68"]I'm not sure I believe they really paid that much. It's not impossible but it's far above wholesale and Littleton usually pays only about 25 to 50% above wholesale. </p><p><br /></p><p>True gem Ikes are actually quite scarce. What any given grader is calling "MS-65" at this time I don't know but if you're looking for a nice attractive wellmade coin with a minimum of marking, a gem, then you'll be looking for a while. I was watching the mint sets and never saw my first gem Ike until late in 1978; it was a '77. 1977-P is the most common or second most common ('78-D is about tied) of all the Ikes in gem but only about 1.5% of mint set coins are Gems. Of the '76 type I's fewer than .2% are Gem. One can argu4e this makes them "common" due to huge mintage of mint sets but the fact is that these coins have suffered tremendous abuse and attrition over the decades because they are considered common. Many mint sets are just cut up and put in coin dealers' cash registers. Mint set packaging is not stable and every year more of the survivors are corroded or damaged. </p><p><br /></p><p>These percentages will seem exceedingly low when the mint sets are tough to locate and collectors start wanting these coins. I wouldn't pay $69 for a common date gem Ike but there are only three common dates. Some MS-65's are special because they'll be PL or have booming luster or razor sharp strikes. As always collectors should buy the coin and not the story or the label.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1344065, member: 68"]I'm not sure I believe they really paid that much. It's not impossible but it's far above wholesale and Littleton usually pays only about 25 to 50% above wholesale. True gem Ikes are actually quite scarce. What any given grader is calling "MS-65" at this time I don't know but if you're looking for a nice attractive wellmade coin with a minimum of marking, a gem, then you'll be looking for a while. I was watching the mint sets and never saw my first gem Ike until late in 1978; it was a '77. 1977-P is the most common or second most common ('78-D is about tied) of all the Ikes in gem but only about 1.5% of mint set coins are Gems. Of the '76 type I's fewer than .2% are Gem. One can argu4e this makes them "common" due to huge mintage of mint sets but the fact is that these coins have suffered tremendous abuse and attrition over the decades because they are considered common. Many mint sets are just cut up and put in coin dealers' cash registers. Mint set packaging is not stable and every year more of the survivors are corroded or damaged. These percentages will seem exceedingly low when the mint sets are tough to locate and collectors start wanting these coins. I wouldn't pay $69 for a common date gem Ike but there are only three common dates. Some MS-65's are special because they'll be PL or have booming luster or razor sharp strikes. As always collectors should buy the coin and not the story or the label.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
"Big Sky" Ikes for sale by Littleton
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...