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Coin and Paper Money Collecting/question on Eisenhower Gold Dollar with mini coins
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Question
Hello,
)
I have three collections of various coins from all over the world. Majority is from relatives in WW II and some from a recreational collector. I am currently trying to appraise the collections before going to market with them. Two coins have me stumped. They are gold Eisenhower dollars 1972 and 1975, however, each have super tiny US coins struck into them. A penny, quarter, nickle, dime, and half dollar. Have no idea what the history is behind these. Vary curious and they are beautiful to look at. They are in a stapled plastic and cardboard case
Thank you!
Hi Melinda:
Thanks for the opportunity of answering your question.
I'm not familiar with these coins. One of the more "famous" ones are struck on Lincoln cents, "Kennedy looks at Lincoln", was stuck for various years. Your Ike Dollars had the different coin images stamped into them and then plated after they left the mint.
Technically, you have altered coins. Some private companies did this to likely promote the Ike Dollar, and charged a premium for them. I checked the archives under find and came up with a number of similar questions to yours that have been answered by AllExperts, but none with the Ike Dollar counterstamps. You may want to review them for added information.
The coins are novelties. The secondary image of the mini coin was punched in by hand on each coin.
The Bicentennial in 1976 likely has the largest mintage of any of these stamped coins. Your Ike Dollars may be worth $5 to $10 apiece to an interested collector, in my opinion.
There is limited collector value added to it since it was modified by a private entity after it left the mint. They were made as a novelty and sold as a collectable.
If you live close to a coin shop, they should offer you an opinion as to what you have and the value at no charge. Dealers normally pay between 50% to 60% of retail for items they want.
Please remember to go to the experts site to rate this answer. Check the nomination box on the rating page below any comments you may have.
Thank You and Good Luck in your collecting.
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| Comment | Thank you very much for your thoughtful response and clear answer. I will take the coins to the local shop per your suggestion. It is very helpful to have a little information before doing so. Thanks again! | ||
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Answers by Expert:
Ronald Fern
Expertise
I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.
Experience
Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributer to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency currently at my space in the Pomona Antique Center. Past "Errorscope" Editor. Presently CONECA Examiner.
Organizations
ANA, CONECA, CWTS, NLG
Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News
Education/Credentials
AA Degree LBCC pre Engineering, 1964
BS Degree CSULB Ind Technology, 1968
Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.
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