will dealers buy clad ikes?

[kaiser613]

hello all, great day today, I went to my supply bank to pick up some boxes of pennies but as usual I always ask if they have any large dollars, today they did, im pretty sure the teller is a silverbug and I think they were already cherry picked, I got 50 ikes ( she had 100 but I only had 50) and 1 silver! my first silver find crh, im taking it to the coin shop tomorrow but my question is will a dealer buy the clad ikes above face? I read somewhere that a dealer will pay around 1.10 for them

 

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[Iamrussell]

Some will, most wont- just gotta go and ask

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just keep stacking, just keep stacking, stacking stacking stacking

 

[50cent]

Typically not, if you find a dealer even, you really need to have alot if they do buy. I mean, if you are only getting .05-.10 cents an ike, If you have $100 in ikes you are only going to get $5-10. How much is an hour of time worth to you? I typically value my time at $50 an hour for just going out and doing something for fun. Plus gasoline, I don't know about you but the nearest "local coin shop" is 30 miles away, and thats $5 in gasoline alone.

Hour to get there and back, 5 minutes to negociate a price with the dealer/wait in line, plus gasoline = Typically not worth it unless you have $1000 + in ikes and typically if the coin dealer knows you are into coins, he will assume you picked out all the good ones and won't want to pay money for worthless clad he occasionally sells to young coin collectors. To summarize, not worth it in your case, $50 ikes = 2.50 lol.

 

[SilverForBrains]

more importantly go back and get the other $50 in ikes!

 

[SilverForBrains]

and be on the lookout for 1972p type 2's, they're out there!

 

[kaiser613]

yeah I just called them, my coin shop is less than a mile away btw, and they are only buying the silver, that's fine nothing lost on the clad and about 7 dollars for the 1 silver

 

[50cent]

look for some ike varients (type II, ect), and if you cant find any spend the rest. they are a blast to spend/

 

[Herb Boyd]

Keep looking, Uncirculated Ike's are sale able, especially full rolls. circulated Ike's....check ebay for ideas

 

[CC-Hunter]

I don't know what area you are in, but I've been able to sell circulated clad Ikes on Craigslist fairly easily. $60 for 50 Ikes is not out of the question at all. When it comes to selling Ikes, I require that the buyer come to me, so I avoid a lot of travel and hassle for the small dollars involved.

Was the silver you found an Ike? If so, your teller isn't cherrypicking, is he/she?

 

[50cent]

I don't know what area you are in, but I've been able to sell circulated clad Ikes on Craigslist fairly easily. $60 for 50 Ikes is not out of the question at all. When it comes to selling Ikes, I require that the buyer come to me, so I avoid a lot of travel and hassle for the small dollars involved.

Was the silver you found an Ike? If so, your teller isn't cherrypicking, is he/she?

Craigslist = Even more time, effort and risk in addition to what I stated above.

 

[Iamrussell]

Was the silver you found an Ike? If so, your teller isn't cherrypicking, is he/she?

Exactly my thoughts

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just keep stacking, just keep stacking, stacking stacking stacking

 

[Eminem]

Any coin dealer who buys your ikes aint nothing but a clad lova

 

[fistfulladirt]

my dealer will take them off your hands for .90 ea.

 

[jamesandsons]

I sold 31 for $39.95 on ebay in about 2 minutes flat.

Unfortunately, after fees and shipping, I netted about $29.50 on the deal.

Not my finest moment.

I'll still pick 'em up if a bank has them, but in the future I'm just dumping the clad ones at the bank rather than stockpiling them.

 

[jamesandsons]

my dealer will take them off your hands for .90 ea.

That would be a tempting offer if I hadn't already found a way to get .95 each for them on ebay!

 

[twiasp]

Spend them!!! Have fun with them, spend with Girl/Boy Scouts, waiters at restaurants (mexican and asian restaurants get the best reactions), Old people love them also =)

Maybe able to sell some around Chinese New Years, i have heard they want them to hand out to kids, something about good luck for the year or superstition.

 

[Twitch]

I sold 500 of them to my LCS for exactly $500. I was happy with the deal, didn't have to dump them.

 

[Local_coins]

Silver Ike? Details? What year is it?

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[coinguy*matthew]

You need to very carefully look at them because there are a lot of big dollar Ike varieties and errors still left to be found, I myself have found some very cool and interesting errors just from local banks and shops.

 

[coinguy*matthew]

Any coin dealer who buys your ikes aint nothing but a clad lova