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Do high grade Ike dollars have long term potential?
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<p>[QUOTE="Prime Mover, post: 1886623, member: 38783"]Unfortunately this uninformed opinion is what has made the series languish at low levels of interest for quite a while. I firmly believe this series should and will pick up interest over time, especially with all the work being done to find and identify new varieties and re-classify older ones.</p><p><br /></p><p>Being one who has taken an interest in the series, there is quite a lot of history to be found in how this series came about, what issues plagued the production of the coin when initially launched, and the stunning number of varieties of a coin series that lasted only 8 years. It is fascinating to dig into the series and learn about it, and to me it makes the series even more of a desire to collect.</p><p><br /></p><p>It has a lot of the elements of becoming a very popular set to collect, and a very real possibility of appreciating in value, way much more than current. One of the reasons is the fact that there are very few high grade Ikes out there - until recently there was never anything higher than an MS-66+ for a business strike coin.</p><p><br /></p><p>So, first to answer your question - MS-65 is, but isn't really a high grade for most of the coins in the series if that makes any sense. There's only a few where a 65 is very expensive, such as the Type-2 and the 1976-P Type I business strike. The rest of the series is "cheap" and/or very reasonable in MS-65, going for $40-60 for most of the series.</p><p><br /></p><p>The "blue Ikes" are easier to find in high-grade (except for 1971), with even MS-67 examples for 1972, 1973 and 1974 being available for around $100 or so, and MS-66 typically going for half that.</p><p><br /></p><p>Proof "brown Ikes" are also easier to find in high grade, PF-69 is common especially on the later year clads.</p><p><br /></p><p>Any of the truly high-grade Ikes are worth many thousands of dollars, so it's extremely tough to find them, but also unfortunately very challenging to be able to own one.</p><p><br /></p><p>Putting a decent complete set together (about 40 coins) - mostly MS-64 Business strikes, MS-66 blue Ikes and PR68/69 proofs would run you about $1000 right now.</p><p><br /></p><p>BTW - nice score on the 77, good price, nice looking coin. However, currently in the Ike world there is a very noticeable bias towards PCGS graded coins both getting and maintaining their value and pricing. NGC is for the moment certainly "second fiddle" when it comes down to it.</p><p><br /></p><p>Hope this helps.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 1886623, member: 38783"]Unfortunately this uninformed opinion is what has made the series languish at low levels of interest for quite a while. I firmly believe this series should and will pick up interest over time, especially with all the work being done to find and identify new varieties and re-classify older ones. Being one who has taken an interest in the series, there is quite a lot of history to be found in how this series came about, what issues plagued the production of the coin when initially launched, and the stunning number of varieties of a coin series that lasted only 8 years. It is fascinating to dig into the series and learn about it, and to me it makes the series even more of a desire to collect. It has a lot of the elements of becoming a very popular set to collect, and a very real possibility of appreciating in value, way much more than current. One of the reasons is the fact that there are very few high grade Ikes out there - until recently there was never anything higher than an MS-66+ for a business strike coin. So, first to answer your question - MS-65 is, but isn't really a high grade for most of the coins in the series if that makes any sense. There's only a few where a 65 is very expensive, such as the Type-2 and the 1976-P Type I business strike. The rest of the series is "cheap" and/or very reasonable in MS-65, going for $40-60 for most of the series. The "blue Ikes" are easier to find in high-grade (except for 1971), with even MS-67 examples for 1972, 1973 and 1974 being available for around $100 or so, and MS-66 typically going for half that. Proof "brown Ikes" are also easier to find in high grade, PF-69 is common especially on the later year clads. Any of the truly high-grade Ikes are worth many thousands of dollars, so it's extremely tough to find them, but also unfortunately very challenging to be able to own one. Putting a decent complete set together (about 40 coins) - mostly MS-64 Business strikes, MS-66 blue Ikes and PR68/69 proofs would run you about $1000 right now. BTW - nice score on the 77, good price, nice looking coin. However, currently in the Ike world there is a very noticeable bias towards PCGS graded coins both getting and maintaining their value and pricing. NGC is for the moment certainly "second fiddle" when it comes down to it. Hope this helps.[/QUOTE]
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Do high grade Ike dollars have long term potential?
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