1971-S Silver Proof Peg Leg Ike Dollar

How common are 1971-S silver proof peg leg Eisenhower dollars.

Thanks, Charlie

 

Log in or Sign up to hide this ad.

Forgive the ignorance, but what is a peg leg Eisenhower dollars

 

A "peg leg Ike" is a Eisenhower dollar die variety. Part of the R in Liberty is polished away so that the polished area looks a wooden leg.

Charlie

 

I was searching the forums for this exact question.
Almost 3 years and nobody could get this guy's question answered??

How about now anybody have a guess?

 

I really never seen one ,but i have a kennedy halve polished die with no eye and part of the nose is missing what will you call that one. For instance the1937d three legged buffalo nickle is also a polished die. I guess I will call it one eye kennedy.They really come up with some funny names for these errors.
Jazzcoins Joe :whistle: :whistle:

 

It is kinda weird that the post went unanswered after a couple of years!

http://forums.collectors.com/messag...ghlight_key=y&keyword1=1971-S&keyword2=pegleg

Here's a little post although it does not concentrate specifically on the 1971-S Pegleg Proof it does give some definition on what a pegleg is.

To repeat, the R in LIBERTY on your typical Eisenhower Dollar has serifs on the left leg of that R. After a certain amount of die abrading and repair, those serifs invariably get polished off leaving that left leg straight up and down. Extreme cases have the leg of the R actually fading into the field.

The proof IKE is a different story though as these coins are peglegs by design, similar to the 1972-S Proof and 40% Business Strike coins which are all peglegs. Some of them do fade into the background or appear extreme due to a lack of cameo frost though.


A 1971-S Fading Pegleg Proof


A 1972-S Proof

The 1976 BiCentennial coins (Type 1 and produced in 1975) are peglegs as well. When these get abraded, the R really fades!



Peglegs do not have any appreciable value over their non-pegged counterparts with the exception of the 1971-S 40% Business Strike coin. This sucker is more rare than a Type 2 IKE although current prices do not reflect this!



Peglegs do come is all different kinds of varieties though:


A 1974-D


A 1972-D


A 1978-D


A 1972 Type 1

This 1972 Type 1 is more by design that actual die abrading.

Most peglegs of the die abraded variety originated from the Denver Mint primarily because they had to make their dies last and last. Unlike Philadelphia (who distributed dies to Denver) they could just make another one up so die repair was not real high on their list. The end result is some very nice business strike peglegs from Denver!

 

How many Ikes do you have in your collection? And where do you find rolls of Ikes to search?

Ruben

 

That' s a good question ,I just recently went into several banks to ask if they have any Ike dollar rolls not a chance. I think they are getting harder to come by. I used to get them a couple of years ago. The place maybe is ebay if they have them in lots, and some sellers don't even have any idea to search for errors. I personally like the design on the eisinhower dollar i do collect them.

Jazzcoins Joe:whistle::whistle:

 

forgive the ignorance, but what is the premium on these varieties?

 

Well, part of the mystique of Ikes is that this is very much a "breaking" story and has been for several years. It's a highly overlooked series and prices are not at all written in stone as no one really has any kind of an idea on numbers of errors/varieties, etc.

Slabbed Peg Legs can be had on e-bay in MS condition for $10 and up. There are varieties and different years. Proofs and circulation, so on and so forth.

There's also a "Friendly Eagle" variety and lots of others. Like I said, this is a dream series for a cherrypicker as many dealers don't even bother checking

 

You are right, many dealers look at IKEs as low end coins and keep them in boxes with little attention.

I found a 71 Type 2 in a dealer's box of loose IKEs, no 2x2s or anything. It is about an AU 55, but it filled the whole in my basic IKE collection. I have not had any luck finding a peg leg so far, but I keep looking!

 

bought two brown box ike's today for $9.00 each. after looking at them i think both are peg legs. will post pickures tomorrow, wife calling . have to go eat with in-laws.
this guy has like 5 more i think. will check them out also.

 

Typo perhaps since all the 71-S Proofs are Type 2 reverses but the biggie is the 1972 Copper Nickel Clad Type 2.

And yes, I have quite a few IKEs.

I buy rolls whenever I get the chance from coin shop or at shows. I browse through every hoard I can find and pick out the interesting ones for study.

My last purchase was an unabraded die clash on a 1976 Type 2. Unusual to find.

 

Nice die clash!

 

what do you think of these two?

 

Cuzzx, neither one of them looks like a peg leg to me, but wait for 19LDYS, our new resident expert on these to chime in.... or anyone else for that matter. You can still clearly see the complete R. A true peg leg would look as though the angled "leg" of the R is missing.

 

These both look like the straight pegleg varieties while the one on top shows some extreme die abrading as indicated by the collapes of the leg midway between the bottom and the cross piece.

 

The serifed version of the R has a glob of metal to the right which trails off to the left. It appears that it was added as an "after thought" to the Master Die using a hardened dremel tool. If you look very close you can easily see that the middle of the serif does not blend into the body of the leg which tells me that it was added later.
Original letters would have a continuous height.

 

Well there you have it.... straight up!

 

I no somebody did ask this question before,and i would like to know too . What is the premium on this variety? I do collect errors, but i never had an interest in this one. What is the percentage of interest level on this coin too?:whistle::whistle:

Jazzcoins Joe