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Do high grade Ike dollars have long term potential?
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<p>[QUOTE="KSorbo, post: 1886452, member: 56370"]I picked up an NGC certified MS-65 business strike Ike dollar on Ebay:</p><p><br /></p><p><a href="http://www.ebay.com/itm/1977-D-ONE-DOLLAR-EISENHOWER-NGC-MS65-/351018601158?pt=Coins_US_Individual&hash=item51ba56cac6" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/itm/1977-D-ONE-DOLLAR-EISENHOWER-NGC-MS65-/351018601158?pt=Coins_US_Individual&hash=item51ba56cac6" rel="nofollow">http://www.ebay.com/itm/1977-D-ONE-DOLLAR-EISENHOWER-NGC-MS65-/351018601158?pt=Coins_US_Individual&hash=item51ba56cac6</a></p><p><br /></p><p>Until now I didn't think that such a common coin would be worth sending out to get slabbed. However, I have read that business strikes are difficult to find without bag marks, and the auction prices for Ike's aren't that cheap for MS65 and above, with MS66's selling for $50 and up. Even the $10 I paid seems like a lot.</p><p><br /></p><p>Are Ike's genuinely scarce in higher grades, or are there millions of them still sitting in bags and rolls that haven't been cherry picked? I know that a lot of Morgans were thought to be rare in MS65 when PCGS and NGC first started in the late 80's, and then the market crashed after more and more high grade coins came out of the woodwork. </p><p><br /></p><p>I always thought before that Ike's were ugly and boring, but when I look at the design now it's actually starting to grow on me. This is a coin I can remember from my early childhood that hasn't circulated since then and most younger people now have probably never seen. Could it become a hot collectible sometime in the future or are there just too many of them still around?[/QUOTE]</p><p><br /></p>
[QUOTE="KSorbo, post: 1886452, member: 56370"]I picked up an NGC certified MS-65 business strike Ike dollar on Ebay: [url]http://www.ebay.com/itm/1977-D-ONE-DOLLAR-EISENHOWER-NGC-MS65-/351018601158?pt=Coins_US_Individual&hash=item51ba56cac6[/url] Until now I didn't think that such a common coin would be worth sending out to get slabbed. However, I have read that business strikes are difficult to find without bag marks, and the auction prices for Ike's aren't that cheap for MS65 and above, with MS66's selling for $50 and up. Even the $10 I paid seems like a lot. Are Ike's genuinely scarce in higher grades, or are there millions of them still sitting in bags and rolls that haven't been cherry picked? I know that a lot of Morgans were thought to be rare in MS65 when PCGS and NGC first started in the late 80's, and then the market crashed after more and more high grade coins came out of the woodwork. I always thought before that Ike's were ugly and boring, but when I look at the design now it's actually starting to grow on me. This is a coin I can remember from my early childhood that hasn't circulated since then and most younger people now have probably never seen. Could it become a hot collectible sometime in the future or are there just too many of them still around?[/QUOTE]
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Do high grade Ike dollars have long term potential?
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