Collecting Eisenhower dollar - Any advice?

The 71-D Fev is worth more than the normal version and it's really not even close. Red book got it wrong if they are saying the FEV is worth less

 

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It seems they've (i.e. RedBook) scrambled the type 1 vs 2 and the relative value as well.

 

The FEV's were minted first that year right? If so they definitely should be type or variety 1.

 

They think they probably were first

 

I picked up a Dan Carr 1975 Clad Ike that has that bluish rim toning that you often see on Ikes. It adds a bit of realism to it. I guess that since it is struck over a Clad Ike, it should tone like them. Some people don't like toning on a Carr piece, but it looks right to me.

 

Sure did. Hehe. My 71-D T2 reverse in PCGS MS66? $75. My 71-D T1 FEV VEDS (re-entry vehicle visible) in PCGS MS66? That set me back $375- and that was with Brian Vaile giving me a nice discount.

 

I wonder if other versions of the Red Book are correct.

 

The last Red Book I bought was the 2012 edition. The FEV isn't listed.

 

My 1990 Red Book doesn't list the 1972 (P) varieties either. It does have a few sentences about low relief and high relief dies in '71 and '72.

I guess varieties breed like rabbits.

 

2014 edition does list it. So it was added in either the 2013 or 2014 edition.

 

Does it list it as variety 1 or 2? My 2015 listed it as ... well I'm not sure!!! lol see my earlier post.

 

2014 has it listed the same way. Once they make a mistake it is very difficult to get it changed. For example the S mint figures. For just about every other series in the book, if proofs and business strikes are both made at the same mint they show a total mintage and the proof mintage in parenthesis. So the business strike mintage is the total minus the proof mintage. But on the Ike dollars the number in parenthesis is the proof mintage and the other number is the total business strike mintage. So the mintages on this one series is shown differently than just about any other in the book.

 

Has anyone thought about emailing Ken Bressett or Dennis Tucker at Whitman to make them aware of the error in the listings?

 

While we're at it, get publications to better show and address the Reverse of 38 and Reverse of 40 nickels.

 

I think Jeff Garrett is also one to get involved. That's what Ken told me when I presented the 1878 8TF mintage correction to him.

 

I'm following the discussion on obtaining a bag of IKE's, which many of us would LOVE to do. I've asked my bank and, after looking at me like I have lobsters coming out of my ears, they said no.

So, putting it out there...I happen to live in a city where a FED branch bank is (St Louis) and always wondered if I were to walk into the branch in downtown St Louis....what would they say? Are there even tellers at a place like that? Do crazy coin collectors from all over the midwest walk in regularly to ask for large quantities of business strike coins? Any takes?

 

Federal Reserve Banks seldom deal with "people". Their customers ARE their member banks.

 

I understand that, but when you say "seldom" are you saying it's possible? Tell us about your experiences or what you've heard.

I mean, do they have vaults there? (No, I'm not going to rob them) Is it just offices? Anyone out there know? I'm curious.

 

I do know the Chicago Federal Reserve bank does have a MASSIVE vault, and they do have a public museum display. The last example I heard of a Federal Reserve Bank actually doing business with an individual was a case where a man had a largish pile of very high denomination bonds, and wanted to deal firsthand. They made him an appointment.

Keep in mind what our Federal Reserve Banks have as their primary mission, providing liquidity to the banking system in case of emergency. Commercial banks literally create brand spanking new money EVERY TIME they make a loan. It is the liquidity provided by the Fed that makes that possible.

 

My uncle used to literally keep his bonds, with coupons, in his possession and periodically whip out the scissors, trim off the right coupon, and traipse down to the bank and get his "intress" payments. This, from a man who STILL has the shoes he was mustered out of the service with, after World War 2. He turns 101 in April.