Question about Mr. Ike

[IceePirate]

I was curious to see if any of you lovely folk actively hunted ikes. I'm asking this because I think that I might have a bank that is willing to order them for a very long period of time, and I wanted to know what the best strategy would be to dump the coins once I have gone through them.

 

Amazon Forum Fav 👍

How to Research for Treasure Hunting and Metal Detecting From Lead Generation to Vetting - Grab it through Amazon!

[Greastart]

Pay your mortgage or car payment with the dumps!

 

[IceePirate]

Pay your mortgage or car payment with the dumps!

I have no debts in the world to speak of.

 

[mark1982]

Set up a bunch of dump banks away from the bank you are ordering from. Even if you bring them to a different bank that's close by to the one you ordered them from its still probably the same coin supplier so they might get pissed off or catch on and cut
You off.

Either way try anything and order up what you can because there are very few people who can get them . HH

 

[IceePirate]

How would I go about dumping them though? There's not exactly rolls that they can go into and say 10 at a time would be a pain in the ass to do.

 

[mark1982]

There are rolls. They are $20 and most banks have them.

 

[IceePirate]

Really? I'll have to ask on Wednesday when I go to pick up my order.

 

[kingskid1611]

My bank don't carry them so I wouldn't be able to help you out. They even refuse to order them.

 

[boristhespider88]

Spend them out places. I do that with halves a lot of times. I would also see if your LCS would buy them from you for a profit (or even face) to get rid of them. Craigslist and eBay are other possible options.

Or if you want to roll them, most banks don't have big dollar coin sized wrappers and you can buy those on eBay as well.

 

[mark1982]

Just in case there is confusion I'm not
Talking about rolls of large dollar coins I'm talking about the wrapper to roll the large dollar coins. Almost all my banks have the empty wrappers to roll them. Ye other option would be to find out if a bank will take bags of coin to
Be sent out and credited to your account. Problem with this is if you are
Dumping bags into the same supplier that your ordering bags from them you might run into some issues.

 

[boristhespider88]

Almost all my banks have the empty wrappers to roll them.

I asked at every single bank I stopped at for about a year (2 years ago) because I got a huge number of Ikes that I needed to get rid of and all of them looked at me like I was crazy or would offer me the small dollar coin wrappers. My mom finally gave me FV for them and gave them to my small cousins for Christmas as apposed to gift cards or checks. They thought they had it made and were all rich getting $25 in Ikes lol.

 

[mark1982]

I guess it just depends on the location. BOA is the bank around here that has them all the time, and Wells Fargo so give them a shot first of there in your area.

 

[boristhespider88]

I guess it just depends on the location. BOA is the bank around here that has them all the time, and Wells Fargo so give them a shot first of there in your area.

No BoA in this area, and I've asked at several Wells Fargo branches, plus a member of the family is in management at a branch and said they don't have them and they can't get them either.

 

[IceePirate]

I have a fairly large number of banks in my area, both big and small. I know that my current order bank would probably be happy to order them for me if I wanted such as they actually know how to do it. I often pick up multiple boxes on a weekly basis and they have shown interest in finding out how to order them. Also, I wanted the empty rolls, I think rolled coin are just all around, easier to carry and exchange. I do think the coin shop idea is a good one though, ill look around in a bit and see who is willing to buy them at face or more in bulk amounts. It'd be interesting to make a coin shop my dump bank. Lel

 

[weighit]

I ask every bank I enter about Ikes and will buy all I can, sometimes I even get a old real silver dollar. Last time I got over $200 with nothing to keep I spent them in eating places, gas stations, tips and Lowe's. Still had a few left and paid a bill with them. In every case the person getting them was happy, and said they were going to keep them? I bet I still have a couple of hundred of them in the drawer here, spending them as I want. But I still keep asking just in case I can pick up a real silver one. I have never been able to order a bag but I would if I got the chance.

 

[enamel7]

Join a local coin club. Mine has an auction at every meeting and some people will pay a premium. Most people will sell in $50 lots and get $55 dollars for them.

 

[LooseChange]

How would I go about dumping them though? There's not exactly rolls that they can go into and say 10 at a time would be a pain in the ass to do.

You could buy the paper to CWR them.
100 Each Ike Dollar Coin Wrappers HM011 | eBay

 

[IceePirate]

Any clue how I would go about joining a local coin club? I am still quite new to the hobby.

 

[enamel7]

Internet search for clubs in your area. That simple.

 

[boristhespider88]

The coin club in my area advertises their meetings in the classified ads.