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Do high grade Ike dollars have long term potential?
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<p>[QUOTE="19Lyds, post: 1886721, member: 15929"]Here's the deal.</p><p><br /></p><p>Check out some of the CnClad Type 1 and Type 2 blanks (unstruck) that are available.</p><p>(NOTE: A Type 1 Blank has no rims whereas a Type 2 Blank has rims and is called a planchet.)</p><p><br /></p><p>Look for the annealing chatter on the above blanks. Annealing chatter is what occurs when the blanks are tumbled through the annealing ovens. (annealing softens the metal for striking.)</p><p><br /></p><p>When blanks are struck, the metal flow which occurs should wipeout the annealing chatter producing a relatively mark free coin, However, once the coin gets dumped into a storage bag, it could pickup more marks and blemishes.</p><p><br /></p><p>The above is true for ALL coins.</p><p><br /></p><p>Now, Nickel is extremely hard compared to silver. As such, nickel and copper-nickel coins are more likely to have annealing chatter simply because the coining presses have to use MORE pressure to cause the metal to flow into the recesses of the die(s). Additionally, the larger the planchet (blank) the more pressure is needed to produce the image needed.</p><p><br /></p><p>When the first low relief CnClad IKE's were struck, the mint struggled with balancing minting pressure, which causes die failure, with the minting of coins with acceptable quality. It was immediately apparent that the CnClad planchets required MORE pressure in order to create an acceptable product over a coin of equal size but in a softer metal (silver). The addition of the pressure caused die sink and die failure so, the pressure would get dialed down.</p><p><br /></p><p>The end result was the production of coins which had loads and loads of annealing chatter, especially noticeable in the fields near the rims which made the coins appear like they had bag marks. Grading IKE's requires the ability of recognizing the difference between annealing chatter and actual bag mark damage since "annealing chatter" is as struck while bag mark damage is post strike and considered damage.</p><p><br /></p><p>Even though deep annealing marks lessen eye appeal, a coin can be graded around them.</p><p><br /></p><p>So much for that.</p><p><br /></p><p>With the CnClad IKE's, annealing chatter can keep the coin out of MS65 simply because, even though it is as struck, it also loses its eye appeal which is always considered when grading coins. Therefore, with the CnClad IKE's, MS65 can be a tough grade to achieve.</p><p><br /></p><p>The real money starts at the MS66 Level and the Line of Credit purchases begin at MS67 for CnClad coins.</p><p><br /></p><p>Below is an example of annealing chatter which was not struck out of the coin.</p><p>[ATTACH=full]320965[/ATTACH]</p><p><br /></p><p>The above 1973-S Silver Business Strike was done on a thinner planchet and as such, did not receive the full pressure of the strike. Notice the marks between the 7 and 3 and along the edges? Typically, these would get struck out of the coin.</p><p><br /></p><p>The CnClad coins have a lot more unstruck annealing chatter simply because the planchets were large and the metal was very hard. Philadelphia produced a LOT of ugly coins in the first years which is why a 1971 MS66 IKE can cost you thousands.</p><p><br /></p><p>As for the silver coins of the early years, I've heard that the 1971-S Silver Business Strikes were loaded into 1,000 coin bags for shipping to the packager. Noting the damage caused to these low relief coins, the process was changed in subsequent years to ship the coins in TUBEs. The net result is that an 1971-S MS67 40% Silver Business Strike will cost you hundreds whereas an MS67 for 72,73,74,76 will only cost you about $40 if even that.</p><p><br /></p><p>As for the OP's coin, the only downside is that its in an NGC Slab and the $13.45 which was paid might be difficult to recoup simply because its in NGC Plastic.</p><p>This is not an NGC Bash, its simply a fact. MGC Graded CnClad IKE's cost less then PCGS Graded IKEs.</p><p><br /></p><p>On the plus side, the set will be easier to assemble in NGC Plastic.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1886721, member: 15929"]Here's the deal. Check out some of the CnClad Type 1 and Type 2 blanks (unstruck) that are available. (NOTE: A Type 1 Blank has no rims whereas a Type 2 Blank has rims and is called a planchet.) Look for the annealing chatter on the above blanks. Annealing chatter is what occurs when the blanks are tumbled through the annealing ovens. (annealing softens the metal for striking.) When blanks are struck, the metal flow which occurs should wipeout the annealing chatter producing a relatively mark free coin, However, once the coin gets dumped into a storage bag, it could pickup more marks and blemishes. The above is true for ALL coins. Now, Nickel is extremely hard compared to silver. As such, nickel and copper-nickel coins are more likely to have annealing chatter simply because the coining presses have to use MORE pressure to cause the metal to flow into the recesses of the die(s). Additionally, the larger the planchet (blank) the more pressure is needed to produce the image needed. When the first low relief CnClad IKE's were struck, the mint struggled with balancing minting pressure, which causes die failure, with the minting of coins with acceptable quality. It was immediately apparent that the CnClad planchets required MORE pressure in order to create an acceptable product over a coin of equal size but in a softer metal (silver). The addition of the pressure caused die sink and die failure so, the pressure would get dialed down. The end result was the production of coins which had loads and loads of annealing chatter, especially noticeable in the fields near the rims which made the coins appear like they had bag marks. Grading IKE's requires the ability of recognizing the difference between annealing chatter and actual bag mark damage since "annealing chatter" is as struck while bag mark damage is post strike and considered damage. Even though deep annealing marks lessen eye appeal, a coin can be graded around them. So much for that. With the CnClad IKE's, annealing chatter can keep the coin out of MS65 simply because, even though it is as struck, it also loses its eye appeal which is always considered when grading coins. Therefore, with the CnClad IKE's, MS65 can be a tough grade to achieve. The real money starts at the MS66 Level and the Line of Credit purchases begin at MS67 for CnClad coins. Below is an example of annealing chatter which was not struck out of the coin. [ATTACH=full]320965[/ATTACH] The above 1973-S Silver Business Strike was done on a thinner planchet and as such, did not receive the full pressure of the strike. Notice the marks between the 7 and 3 and along the edges? Typically, these would get struck out of the coin. The CnClad coins have a lot more unstruck annealing chatter simply because the planchets were large and the metal was very hard. Philadelphia produced a LOT of ugly coins in the first years which is why a 1971 MS66 IKE can cost you thousands. As for the silver coins of the early years, I've heard that the 1971-S Silver Business Strikes were loaded into 1,000 coin bags for shipping to the packager. Noting the damage caused to these low relief coins, the process was changed in subsequent years to ship the coins in TUBEs. The net result is that an 1971-S MS67 40% Silver Business Strike will cost you hundreds whereas an MS67 for 72,73,74,76 will only cost you about $40 if even that. As for the OP's coin, the only downside is that its in an NGC Slab and the $13.45 which was paid might be difficult to recoup simply because its in NGC Plastic. This is not an NGC Bash, its simply a fact. MGC Graded CnClad IKE's cost less then PCGS Graded IKEs. On the plus side, the set will be easier to assemble in NGC Plastic.[/QUOTE]
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Do high grade Ike dollars have long term potential?
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