Buying Large Bags of Dollars Question

[Koffee]

I was talking to my banker and he mentioned that I could order a bag of large dollars (Ikes). There is a charge of 5 dollars per bag (bag holds 500 one dollar coins). I Was just wondering if anyone has done this and have they found any or enough silver to make it worth the gamble. I am interested if anyone still finds peace or Morgan dollars anymore.

Cheers - Koffee

 

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[yf30]

Do you mean half dollars?

There's no way to know until you try it. I would order 2-3 bags and see if anything comes up. If so it may be worth it. Are these bags from customers or from the Fed?

 

[Koffee]

sorry I was no clear. These are bags of large Dollars (Ikes).

Cheers - Koffee

 

[baddbluff]

Go for it! Get 2-3 & see what happens. In fact, I'd buy them all day long at that price because you can easily turn around & sell them on eBay for a small profit. You will get something good eventually.

 

[ArkieBassMan]

I'd most likely be willing to gamble $5 occasionally.

 

[Iamrussell]

Ya id be willing to buy a bag of $500 for $5 id love to search them on a regular basis and i can usually sell them for $1.25 each locally

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just keep stacking, just keep stacking, stacking stacking stacking

 

[CoinFetcher]

5 dollar is so minimal. you spend more on that in gas driving around looking for loose halves, and the occasional ike.

 

[Koffee]

I just ordered 2 bags and they should be here tomorrow afternoon.

Cheers - Koffee

 

[Vdubguy]

Let us know how they turn out.

HH

 

[CC-Hunter]

I'll add to what others said. At 1 cent extra per Ike I would do this all day long. I used to find Ike's here and there in teller trays, and some tellers had as much as $100 in Ikes that customers brought in. However, for months now I have been finding zero Ikes. Even tellers that don't snipe silver like taking Ikes as a novelty. I find them impossible to order - the vault tellers know what "large dollars" are but say they can't order them.

I've never had a problem selling common clad Ikes at a profit, so even if you don't score any keepers you will easily make back your $5 and more. Plus, you have a shot at silver Ikes, Peace and Morgan dollars, Type II's, etc.

A no-brainer.

 

[Koffee]

I picked up two bags. I did not get anything special but I did find a roll of bank rolled bu dollars in one of the bags of loose coins.

Cheers - Koffee

 

[SilverFace]

I picked up two bags. I did not get anything special but I did find a roll of bank rolled bu dollars in one of the bags of loose coins.

Cheers - Koffee

So u got an original bank wrapped roll of bu Ikes in one of your bags? It was a $20 mwr? That should be worth a little something. I wish I could find a bank to order me a bag or two. If u can find buyers to sell your clad Ikes for a small profit I'd think it would be worth it to keep buying at least a few more bags to see if u might have any better luck.

H$H!

 

[BuffaloBoy]

Koffee might be talking about small dollar coins since they did not specify what kind of coins they got. It would be neat to get a MWR of ikes though.

 

[Koffee]

Yes it was a roll of Ikes the label on the roll says "Bank of Den" I can not read the rest of it as it is just to faded. I might be over exuberant at BU as the coins on the ends look BU ish but without being able to examine the entire coin it is hard to say that these are all bu. I think I will just hold on to these as the roll is indeed old whether it is an original roll I am not positive on how to verify it.

Cheers - Koffee

 

[SilverFace]

Yes it was a roll of Ikes the label on the roll says "Bank of Den" I can not read the rest of it as it is just to faded. I might be over exuberant at BU as the coins on the ends look BU ish but without being able to examine the entire coin it is hard to say that these are all bu. I think I will just hold on to these as the roll is indeed old whether it is an original roll I am not positive on how to verify it.

Cheers - Koffee

That's pretty cool. Idk if I've ever seen an obw roll of Ike's before or even any mwr of Ike's. I've sure never found one crhing. It's a 20 coin roll right? I was just checking and I couldn't find any auctions for mwr Ike's on ebay so I'm guessing they r probably fairly rare and I'm not sure how much one would be worth either. Considering how much cir clad Ike's sell for on ebay I would imagine a roll like that would be worth (or sell for) at least twice fv and maybe much more. If u decide to order more bags I hope u post your finds if any of those too.

Good luck and HH!

 

[FormerTeller]

I would do this all day long.

This...

 

[FormerTeller]

What year BU? Cold be a great find!

 

[BuffaloBoy]

Koffee, would it be possible to share a picture of the bank wrapped ike roll? We'd love to see it, it's something many of us have never seen before.
Thanks for sharing,
HH
Buff

 

[fistfulladirt]

I've searched Ike's for over six straight years, never bags though.

I've dug more Morgan and Peace dollars than I've found through roll hunting, which is zero.

 

[Koffee]

I would love to post some pictures I need to read up on it the specifics for posting on this forum.

Nice job on digging Morgans I have been doing this for 15 years and 10 years seriously and have not found one.

Cheers - Koffee