Ike dollars 1974

[moneyhoney]

I been doing research into the value of this coin. As far as I can determine it's only worth its face value.. It is copper-nickel-clad copper. I also checked on Ebay and surprised to see the same type coin selling for more than its face value. What's going on? I am wondering if I will be just as better off to take it to the bank for its cash or try to sell on Ebay. Perhaps a collector willing to pay more than face value just to add to their collection? I sure hope someone responds. I am taking my time and making more in depth decisions (I hope)

[ldhair]

What grade is your coin?

[e1cnr]

you get 1 dollar at bank - or value at fast food joint

 

 

if you figure eBay/PAYPAL/shipping, chances are good you will end with less than a dollar and spend time doing it for less than nothing

[19Lyds]

Eisenhower Dollars are still available from the Federal Reserve at Face Value in $1,000 bags.

 

A generic, circulated, 1974 Eisenhower Dollar is worth a dollar.

 

1974 was an interesting year in that the Philadelphia Mint had a difficult time producing this particular coin.

 

MS66 is the top grade available and these can bring close to a $1,000 for well graded coins. BUT, they have to be professionally graded and not just something pulled out of your pocket.

[CaptHenway]

When I worked in a coin shop, we kept a few of each date in stock as a courtery for people who wanted one, but even if we sold a common one for $2 we lost money for the time it took to handle it. It was all part of being a full-service coin shop.

[moneyhoney]

 

 

A HEARTY THANK YOU AND HAPPY FALL!!

[moneyhoney]

THANK YOU

[moneyhoney]

THANK YOU for your reply. Don't forget there are type1, 2, and 3 Eisenhower dollars which may be worth more.

[moneyhoney]

I made a mistake on my previous reply. I meant Ike's '72 dollars. The one that I have is type 3. Shouldn't that make it worth more than the fv?

[DaveG]

Although I'm not a specialist in Ike dollars, generally collectors prefer uncirculated Ike dollars (such as coins taken directly from mint sets or from bags of coin from banks or the Federal Reserve) or proof coins.

 

Ike dollars that have seen circulation (even if only briefly) generally will only fetch their face value from collectors or dealers.

 

There might be some rare varieties that you can pull from circulated coins, but you'd need a specialist to tell you how to identify them (and to tell you whether there's much of a market for them).

[moneyhoney]

speaking of Federal Reserve, how can coins be purchased? How can I purchase a bag of coins from a bank? I read an article last week about the mind selling proof coins this month but I am not sure of the details.

[DaveG]

moneyhoney,

 

Depending on what coins you want to purchase in bulk, you can just go to your bank and ask the head teller if they can order coins in bulk for you.

 

You might have to pay a fee or handling charge, depending on your bank.

 

Nowadays, only some bank branches order coins in quantity (usually from armored car companies). Many bank branches find that they get enough coins for their needs from customer deposits.

 

What coins do you want to order in bulk?

 

If you want to order proof coins from the mint you can start by looking at their website.

[moneyhoney]

I am not sure. I just say a article on the mint offering proof coins this month. I forgot the denomination or the detail. I live in a small town and I don't think purchasing in bulk would be worth it. Most if not all of the coins I have gone through are "P". I wondered if the geographical location matters. It is possible that more valuable coins are found in larger cities. Looks to me like this small town got stuck with all "P" coins.

[DaveG]

moneyhoney,

 

Current coins are distributed geographically: if you live in the East you get coins from the Philadelphia mint, if you live in the West you get coins from the Denver mint.

 

There's no reason to think that more valuable coins are found in larger cities.

[Ducksoup]

Eisenhower Dollars are still available from the Federal Reserve at Face Value in $1,000 bags.

 

 

Q: How can I obtain an Eisenhower dollar?

 

A: Most Eisenhower dollars are in circulation. The U.S. Mint discontinued minting Eisenhower dollars in December 1978, and the last of the Eisenhower dollars were distributed to the Federal Reserve Banks in April 1979. Because the Eisenhower dollars are no longer minted, the Reserve Banks cannot order them from the U.S. Mint and supply them to banks. Please check with a coin dealer for information.

 

Straight from the FRB website.

 

ikes

[DaveG]

TonerGuy was able to order $2,000 in Ikes from his bank a few months ago.

 

Link

 

I was pretty surprised his bank was able to get them!

[moneyhoney]

M66, isn't that uncirculated or proof?

[moneyhoney]

Well, I knew it was something. I thought it was something because it just seems like the most valuable coins are not "P" coins. Well, I am a newbie and from looking at data on coin sites, I rarely see a "worthy" P coin

[wygold]

I made a mistake on my previous reply. I meant Ike's '72 dollars. The one that I have is type 3. Shouldn't that make it worth more than the fv?

 

What is the mint mark and what grade is it?? Do you have a picture of the coin in obverse and reverse?? Possible close up on the earth?? It really depends on the mint mark and grade for any real value for a type 3.

 

if you have an iPhone or iPad i would suggest downloading PCGS Photograde app and study the coin with the pictures. Take your time looking at each grade against the coin you have in hand. Also I would suggest using photobucket to upload you photos and copy a link to your post when wanting to share photos of the coin.

[19Lyds]

I made a mistake on my previous reply. I meant Ike's '72 dollars. The one that I have is type 3. Shouldn't that make it worth more than the fv?

Not really.

 

It all depends upon the condition of the coin.