Eisenhower dollars

I very recently got from my local bank 400+ dollars in Eisenhower dollar. I was told that an old lady had been saving them for many many years hoping that they would be worth lots of money down the road.. Well she went to a local coin shop and was told unless they are silver there only worth a buck. None where silver. Which there advice I generally agree with. But I checked in the 1972 coins and couldn't find any type 2s. Did find 6 1976 type I, the ones with the straight R. Many of the 71d and 72d coins are in incredible condition and to my untrained eye would put them in the MS grade probably 50+ Of them in like MS64 or better grade IMO. wtf do I do will all these? Please give me some advice

 

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Honestly, if you don't plan on keeping them (and I'm assuming you don't), here's what I would do if I were in your shoes:

*I would check each one for die varieties and mint errors. Lots of doubled dies, die clashes, etc. Check for Talon Heads, Upside Down U's, Friendly Eagles, and so on. If you want to sell these, sell them here in the B/S/T section first, then on eBay - but you're going to need to photograph them well to get any money there.
*I would create a stack of the "best of the best" as far as condition goes. Again, try here first with an approximate grade, then on eBay, same caveat with the photos.
*I would then list the "Rest" on eBay as maybe $20 FV or $40 FV lots. Make sure you tell the story in your item description. Start the bidding at FV + fees (so, $10 FV + 13% + .30 + shipping) so you are guaranteed not to lose money.) If you feel they are uncirculated and nicer coins, make sure you say "Uncirculated" in your item title - many people don't seem to have time to scroll down a couple inches to read the item description.

If this sounds like too much work, there are plenty of people here who probably will (or have already) make an offer on the lot.

 

You have many options, keep the very best and sell the rest in full date rolls. If there is a complete set put them in a folder and sell the complete collection. Give them as gifts to friends and relatives, spend the ones that are really bag marked since you got them for face value anyways.

I bought a four page Dansco Silver Dollar album filled with 48 uncirculated Ikes at a flea market I only shop at and I've been selling them at the flea market I sell coins at for $3.00 each for the baggy ones. The less baggy ones I get $5.00 each. The few higher graded ones went real fast at $15.00 each to a guy who was going to send them to ANACS. I paid $80 for the full album and I have already got my money back and more with about ten coins left to sell individually plus a full roll of 1976-D bicentennial Type I's. I even sold the album for $10.00.

 

i would like some more pics and to see if you could obtain some

 

heres a site to check for errors http://www.ikedollardoubledie.com/iddd-1972-p-d-s-to-1978.php make sure you take a look at the eagle breast feathers, I would bet their not struck to good, I wouldn't believe what the bank said about the little old lady, thats what they always say

 

Thanks for all the advice. And for the web site info. I didn't know about it. Ill make sure to give you all first crack at what ever I sell first just for being so helpful. Keep any other thought you all have coming.

Some of them have a bluish tint to them when you look at them. Is that something that the mint uses for something ? I don't recall seeing that on coins before.

 

I would check for varieties first. Next I would pick out anything MS64 or better and put them away for the future. Use the rest as tip money. They really freak out servers.

 

The blue toning is normal on these. It's just the way many of them tone.

 

Most LCS around me, retail them for $25 over face on $100 bags.

 

Why would the teller at the bank have any reason to lie? It's not like they are selling them for a profit.

Chris

 

well heres my story, my bank told me they had a whole bunch of half dollars some little old lady brought in, funniest part the halfs were never ending, if some little old lady brought them in, thats all they would of had, but it was never ending, must of had thousands of them lol

 

I frequently turn away clad Ikes (clad halves too, for that matter.) Just too much trouble -- if we held onto them, the floor would probably collapse. Seems like everyone and their mother saved these in the hopes that they would rapidly appreciate over the course of 40ish years.

 

To the OP. Do you need help standing up? You seem to have fallen over on to your left side.

I'd recommend going to a coin shop and offer the Ikes in trade for some coins he has on hand. He might give you a slight premium over face value (say 1.10 or 1.25 per Ike). May not be the most profitable outcome but it sure makes it convenient to dump such a large quantity of coins that you don't want to have around in exchange for some coins you actually want!

 

You'd be surprised just how much of a hoarder old people, especially ladies, can be.

When my grandmother died, we were sorting through stuff in her attic and started finding $20 bills in magazines.

We found just shy of $5000, all notes from the 50s.

 

I could believe that, when my uncle died, there was 30 grand hidden in a heat vent

 

And people say they're senile!

 

thats what the great depression did to those folks, my brother found 20 thousand dollars under his house, bills were dated 1913-1963