I have heard rumors that "IKE" dollars will rapidly increase in value over the next few years. Does anyone have any insights or opinions on this possibility?
Unlikely. When you look at the mintage figures for Ike's and consider that they were rarely used in commerce.... http://www.coinfacts.com/silver_dollars/eisenhower_dollars/eisenhower_dollars.html and then compare that with the number of mintings of St. Gaudens Double Eagles and their slight margin over melt value in common issues.... http://www.coinfacts.com/double_eagles/saint_gaudens.htm I would guess that their values won't be hitting highs any time soon. However, they are pretty cheap now and could increase in value for highly graded slabbed examples. Overall, I wouldn't consider them an 'investment vehicle'. I plan to build a set myself. My grandma gave me a roll when I was a kid and I foolishly spent them on something that I can't even remember. Duh!
The prices on clad BU ikes are quite handsome in slabbed grades MS66 and above, but most MS64's and below will always be within the budget of just about every collector. 1971S Silver BU Ikes are quite expensive in MS67 and above, 1972-73-74S silver BU's above MS68. Just about all the silver proof issues are available in DCAM up to PR67 or less. Some issues, like the TI and TIII 1972P and the 1976P TI are expensive (over $100) in MS65 or better, with MS66 or better well into 4 figure prices. The TII 1972P is expensive ($50 or so) in AU-MS63 and really shoots up in price in MS65 or better. 1971D, 1976D TII, 1977PD and 1978PD are still reasonably priced in MS65, even some MS66. Prices may cycle up and down a little over the next dozen years or so, but I don't think you'll see any major chages in the common stuff. Who knows where the high-end stuff will go. I sold a bunch of my high-end Ikes a few years ago at fairly outrageous prices and between then and now, prices have almost tripled for these pieces. There are a few dealers in the country who deal extensively in high end Ikes. I don't know if it would be appropriate to divulge these dealers here, but if you are interested, use PM.
I'm not one for investing in coins. I usually consider myself just a collector. That being said I don't see any great jumps in the price of IKEs over the next 5 years. I think I would be careful of cents however. If they do stop producing them there will be a quick jump up. catman
It all depends upon supply and demand. And Ikes are popular for many reasons; large coin, discontinued series, interesting mix of metals and finish types, the bicentennieals, etc. The large mintages actually help it to be a widely collected series; many more can get involved without it costing an arm and leg. Thus, I think the Ikes have nowhere to go but up, up, up!
I don`t think so, but if they do let me know I`ve got a bucket of the around here somewhere. plus a complete set of unc.
