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hey folks! its been a while since i posted anything, but i have been reading all of yours. quick question...a co-worker asked me about an ike he has that has no date or mint mark on it. i did a quick google search but come up empty. i have not seen the coin but he says its circulated but not worn. any thoughts?

city38 wrote:hey folks! its been a while since i posted anything, but i have been reading all of yours. quick question...a co-worker asked me about an ike he has that has no date or mint mark on it. i did a quick google search but come up empty. i have not seen the coin but he says its circulated but not worn. any thoughts?

What a difference an election makes, eh? Jack could tap anything he wanted, Dwight couldn't even get a date! (Sorry Neil... had to, City left himself wide open)

beauanderos wrote:

city38 wrote:hey folks! its been a while since i posted anything, but i have been reading all of yours. quick question...a co-worker asked me about an ike he has that has no date or mint mark on it. i did a quick google search but come up empty. i have not seen the coin but he says its circulated but not worn. any thoughts?

What a difference an election makes, eh? Jack could tap anything he wanted, Dwight couldn't even get a date! (Sorry Neil... had to, City left himself wide open)

no problem, the President was always a two woman man, but he had to leave Kay, his driver, after he whooped hitler and had to come home stateside. i mean Mamie was a saint, and the President wasnt stupid, neither was Kay, she married a right decent Brit after the war, they both knew it was a dalliance with a sell by date. What i wonder was did the First Lady ever give the President hell for that arrangement, years later? Women will let you get away with "stuff", and you can always beg forgiveness, along with the "it'll never happen again"....but they'll hold that "card" for years over a guy, and when you do the slightest thing "wrong", that "card" comes out and you pay, coz women NEVER forget, they'll forgive, but they dont forget. So i always wonder how many times Ike had to pay for his relationship with Kay his British driver.

in regards to this coin: i see no evidence of a dateless IKE, it could be a slick, but it seems the coin is too recent to get slicked, but i dunno, maybe the coin was run thru these hell hole casinos, that it could have gotten worn, but i did solve a weird mystery i had the other day.

i got a bunch of Proof 40% IKE's i bot....and i always weigh each and every IKE, because clads weigh 22.6 gms, and 40's weigh 24.6 gms, and i dont wanna get jammed.....well, one of the proofs weighed in at 22.5.....so i think, "wtf"....i just thought maybe somebody at the san francisco mint had too much champagne the night before and set in bad planchets, but dig this, it seems they made a FEW clad IKE proofs, so now i'm wondering what the population of these is, because i'd slab that bad boy so fast and dump it...its easily a 66, or 67....here's the article...anybody know about clad proof IKES?
because if its a clad proof AND it has NUSIMATIC value, i wanna get rid if it, most ricky tick.
http://www.tulving.com/$1eisen.html

I would be interested in a pic or a scan. I have seen coins with odd or uneven wear before so maybe the date got scrubbed off but the rest was untouched. It's possible. Could also be some joker that purposefully wore off the date for kicks. Not trying to minimize the find, just spitting out what first popped into my head when I read the post. Hopefully you did find something special, we're pulling for ya!

well, you learn something new everyday, they struck clad proofs of the IKE in 73, 74, 77, 78, and they fecth the SAME as 40's, in the MS gradients....two things i learned, one, thats why i always weigh every "40%" IKE i buy, and two, thats why the IKE dollar is kind of a neglected segment of the silver coin market, because unless i had weighed this proof coin, i would SWORN it was a 40% silver, which means to me, in a grid down trading enviroment, there will be doubts about the coin, and doubts mean discounted valuations...which sucks, and here i thought i was being a smart guy, more like a dunceski. When silver pops up again, the 50 to 70 area, i'm selling most of my IKE rolls, and just take the FRNS and pay up for more ASE's or 90's...i'll keep a roll out of nostalgia.
ya learn something new everyday.

Ah, Lee Remick as Kay, in the mini-series. Had a crush her at the time...

i learned a HUGE lesson.....why it is that guys "neglect" 40% IKES, because you have to weigh every last coin, even if they are Proofs.

i took the whole roll out, 20 and looked at it from the side, it's a 74-S Proof, and was able to actually eyeball the offending coin out, the clad proof, wieghed it, and sure enough, 22.5 gms, as opposed to the 24.6 gms a 40 should weigh, wasnt the dealers fault, they're going to make good. I've learned a huge lesson.

i'm done for the 3rd quarter, in the 4th quarter, i'm going for ASE's and 90's, maybe a couple of Peace Dollar rolls...no more strange action for me.

neilgin1 wrote:i learned a HUGE lesson.....why it is that guys "neglect" 40% IKES, because you have to weigh every last coin, even if they are Proofs.

i took the whole roll out, 20 and looked at it from the side, it's a 74-S Proof, and was able to actually eyeball the offending coin out, the clad proof, wieghed it, and sure enough, 22.5 gms, as opposed to the 24.6 gms a 40 should weigh, wasnt the dealers fault, they're going to make good. I've learned a huge lesson.

i'm done for the 3rd quarter, in the 4th quarter, i'm going for ASE's and 90's, maybe a couple of Peace Dollar rolls...no more strange action for me.

Good deal Neil. Wasn't going to criticize your selection, and for all I knew I was missing something that you had latched onto, but in silver it is overwhelmingly ASEs and 90s (including dollars) for me. (I do have a small handful of mexican onzas, cdn maples, and misc bullion rounds for diversity). Oh - that would be if I actually had any silver... which I don't.

neilgin1 wrote:i learned a HUGE lesson.....why it is that guys "neglect" 40% IKES, because you have to weigh every last coin, even if they are Proofs.

i took the whole roll out, 20 and looked at it from the side, it's a 74-S Proof, and was able to actually eyeball the offending coin out, the clad proof, wieghed it, and sure enough, 22.5 gms, as opposed to the 24.6 gms a 40 should weigh, wasnt the dealers fault, they're going to make good. I've learned a huge lesson.

i'm done for the 3rd quarter, in the 4th quarter, i'm going for ASE's and 90's, maybe a couple of Peace Dollar rolls...no more strange action for me.

You can pretty easily determine a clad Ike from a 40% just by looking at the edge (much like a 90% quarter), there really isn't a need to weigh each one.

Personally, I really like "Blue Ikes" as 40% bullion and feel they have some often overlooked advantages (and disadvantages) to more conventional bullion coins and 90%. Consider that they usually come sealed in their original Mint packaging complete with individual COAs should content/authenticity be in doubt ...can you say that for your ASEs, generic rounds and 90% ? They are relatively low value with no key dates and thus not really worth the trouble to counterfeit (at least not yet anyway). Should silver plummet (yeah I know I know.. never happen.. but lets just pretend for a second it could) you have a stop loss of the $1 FV for a $12 Ike vs $1 FV for a $40 ASE (of course $5 Maple Leafs are a bit better than both in that regard... but then you're talking CAD vs USD... which the way things are going isn't such a bad deal, but still) AND they also carry a numismatic value (albeit a fairly low one) in addition to their intrinsic value. Also rather than paying a premium over spot for bullion, they can frequently be found under melt value... although I suspect that is probably partially due to 40% having a higher fee for refining... so you would also expect to get less when it comes time to sell and being a bit more obscure perhaps a bit harder to find a buyer. For me though, the positives outweigh the negatives and probably most of all.. I just really like the design, particularly the reverse which is absolutely *stunning* on a Proof and though I seem to be in the minority on this - I've never really cared for the Walking Liberty design and I think Morgans are flat out ugly.

I can see how you may consider 40% Ikes a "strange" way to play physical silver... but then again isn't hoarding pre 1982 pennys sort of "strange" way to play physical copper to the majority of people?

[quote="neilgin1"]well, you learn something new everyday, they struck clad proofs of the IKE in 73, 74, 77, 78, quote]
They have clad Ike's in 76 also.
I just got a bicentenial proof set - all "s' mint coins at a yard sale.
great looking, maybe dmpl proofs.
well i ripped it open to weigh my new found treasure, Ike.
crap 22.5 grams and a slice of copper smiling at me.
anyone interested in a '76 proof set that has been pryed open for $10 + $3 shipping ??

I don't see the big deal, you can turn the coin on it's side and see the copper on clad ikes.

VWBEAMER wrote:I don't see the big deal, you can turn the coin on it's side and see the copper on clad ikes.

but its harder to discern on the proof IKES..........and doubt equals discount in trade value.

neilgin1 wrote:

VWBEAMER wrote:I don't see the big deal, you can turn the coin on it's side and see the copper on clad ikes.

but its harder to discern on the proof IKES..........and doubt equals discount in trade value.

yeah I bought a proof ike from a respected member here, that you could see the faintest amount of copper on the side.... i dont have a scale so took it to a friend and weighed it. It weighed i as a silver one....

i even went so far as to stick it in my fish tank so it would tarnich as silver would... It did.... so this method isnt 100 percent full proof.

Also I dont know how it would be done beyond paint though that might be obvious, but I bet someone could paint or otherwise put something on the edge of a ike to cover the copper.

Treetop wrote:

neilgin1 wrote:

VWBEAMER wrote:I don't see the big deal, you can turn the coin on it's side and see the copper on clad ikes.

but its harder to discern on the proof IKES..........and doubt equals discount in trade value.

yeah I bought a proof ike from a respected member here, that you could see the faintest amount of copper on the side.... i dont have a scale so took it to a friend and weighed it. It weighed i as a silver one....

i even went so far as to stick it in my fish tank so it would tarnich as silver would... It did.... so this method isnt 100 percent full proof.

Also I dont know how it would be done beyond paint though that might be obvious, but I bet someone could paint or otherwise put something on the edge of a ike to cover the copper.

Makes you wonder if they were striking the proof ikes of both types with the same dies. Maybe some of the edge copper from the clad planchets rubbed off onto the silver ones...

justoneguy wrote:

neilgin1 wrote:well, you learn something new everyday, they struck clad proofs of the IKE in 73, 74, 77, 78, quote]
They have clad Ike's in 76 also.
I just got a bicentenial proof set - all "s' mint coins at a yard sale.
great looking, maybe dmpl proofs.
well i ripped it open to weigh my new found treasure, Ike.
crap 22.5 grams and a slice of copper smiling at me.
anyone interested in a '76 proof set that has been pryed open for $10 + $3 shipping ??

The '76 silver proof set contains 3 coins (rather than 6) and is in a pretty unique little folder.

I gotta admit I'm a little bit bemused that people seem to have trouble telling the clads from the silvers - maybe I've just spent too much time grading them but I can usually tell by the patina and don't really even look at the edge anymore.

warthog wrote:

justoneguy wrote:

neilgin1 wrote:well, you learn something new everyday, they struck clad proofs of the IKE in 73, 74, 77, 78, quote]
They have clad Ike's in 76 also.
I just got a bicentenial proof set - all "s' mint coins at a yard sale.
great looking, maybe dmpl proofs.
well i ripped it open to weigh my new found treasure, Ike.
crap 22.5 grams and a slice of copper smiling at me.
anyone interested in a '76 proof set that has been pryed open for $10 + $3 shipping ??

The '76 silver proof set contains 3 coins (rather than 6) and is in a pretty unique little folder.

I gotta admit I'm a little bit bemused that people seem to have trouble telling the clads from the silvers - maybe I've just spent too much time grading them but I can usually tell by the patina and don't really even look at the edge anymore.

i tell by the scale, i'm dont even trust my own eyes, let alone any seller, no offense to anybody.

Treetop wrote:

neilgin1 wrote:

VWBEAMER wrote:I don't see the big deal, you can turn the coin on it's side and see the copper on clad ikes.

but its harder to discern on the proof IKES..........and doubt equals discount in trade value.

yeah I bought a proof ike from a respected member here, that you could see the faintest amount of copper on the side.... i dont have a scale so took it to a friend and weighed it. It weighed i as a silver one....

i even went so far as to stick it in my fish tank so it would tarnich as silver would... It did.... so this method isnt 100 percent full proof.

Also I dont know how it would be done beyond paint though that might be obvious, but I bet someone could paint or otherwise put something on the edge of a ike to cover the copper.

Did you put one of the proof Ikes I sold you in the fish tank?

Oh wait.......you said respected

yeah it was from you ...