1971-S Eisenhower 40% Silver Proof Dollar........HELP! 1 1

[tj96]

So I found/got this circulated proof (I think) 1971-S Eisenhower 40% Silver Dollar from a teller at a bank. It's a pegleg R on LIBERTY.  But I'm confused.  Is this Pegleg R (over polished die) normal on proofs?   I'm confused about the business strike versus the proof strike regarding the Pegleg R.

 

 

[Henri Charriere]

I wish I could be of help. I picked up over a hundred Ikes at a local bank and never opened a single roll. I had no idea there were so many differences. You got me with the pegleg. The only ones I know of were Peg Leg Bates, an incredibly gifted dancer, and Peter Stuyvesant, who governed New Netherland before it became New York. [I will be watching this topic to evaluate the explanations offered as they come in.]

[rrantique]

Your coin to me looks like a business strike..but you have the coin in hand.

 

1971-S Ike Silver Dollar Proof "Peg Leg" FS-401-In Orig Hard Mint Plastic!-d7985 | eBay

1971 S Eisenhower Silver Dollar Peg Leg Variety FS-401 DDO-009 ANACS MS64 #6994 | eBay

Edited October 28, 2022 by rrantique
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[tj96]

On 10/28/2022 at 6:44 PM, Quintus Arrius said:

I wish I could be of help. I picked up over a hundred Ikes at a local bank and never opened a single roll. I had no idea there were so many differences. You got me with the pegleg. The only ones I know of were Peg Leg Bates, an incredibly gifted dancer, and Peter Stuyvesant, who governed New Netherland before it became New York. [I will be watching this topic to evaluate the explanations offered as they come in.]

 

[tj96]

On 10/28/2022 at 7:45 PM, rrantique said:

Your coin to me looks like a business strike..but you have the coin in hand.

 

It looks like a beat up circulated proof to me but you could be right.   So the question now is, how do I tell a proof from a business strike of the proof lusted is gone?

Edited October 29, 2022 by tj96

[rrantique]

I sent links to both.

[tj96]

On 10/28/2022 at 8:03 PM, rrantique said:

I sent links to both.

That really doesn't help that much.  I'd really like to see that proof in a TPG'er slab that says Pegleg on the label.

Edited October 29, 2022 by tj96

[VKurtB]

The OP’s coin is a very impaired proof. At one time the 1971-S “brown pack” Ikes were so cheap that some people just cracked them out as change, PARTICULARLY if they suffered from early “blue haze”.

[rrantique]

On 10/28/2022 at 7:08 PM, tj96 said:

That really doesn't help that much.  I'd really like to see that proof in a TPG'er slab that says Pegleg on the label.

 

[tj96]

On 10/28/2022 at 8:45 PM, VKurtB said:

The OP’s coin is a very impaired proof. At one time the 1971-S “brown pack” Ikes were so cheap that some people just cracked them out as change, PARTICULARLY if they suffered from early “blue haze”.

That sounds about right.  Breaking open mint and proof sets and just spend them because they're mostly just junk clad.  But this one is a 40%'er.  So whoever broke it out didn't know what they had.  But the question still remains...  Is this pegleg on a proof significant or just common?

[tj96]

On 10/28/2022 at 8:57 PM, rrantique said:

 

Now we're talk'in.   Thanks for that rrantique!  I should have looked at the NGC Variety Plus page.........   I think I will.

[tj96]

This link could be helpful.

https://www.ikegroup.info/?page_id=228