What to do with Ike dollars

I was just wondering what I coul do with Ike dollars? I don't really collect them and only got them from the bank. Does anyone know if I could sell them for a profit or should I just give them back to the bank? Thanks

 

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Hi. It completely depends on the condition of the Ikes. The first thing you should do is look through them for some varities. For example, the 1972 Type 2 Ike is worth some decent bucks in even circulated condition. If you find that you don't have any varieties and the conditions of the Ike's are not Au or unc, they really aren't worth that much over face. I have seen people sell them over face on ebay, but after fees and all that, you would be better off just spending them.

Check this website out for Ike varities to look for: www.ikegroup.org

 

He's right; check for condition, silver, and varieties than dump the 'circs.

 

Unless you have any containing silver, or any varieties or errors that have a premium, they're selling for $.35-$.45 over face.

 

The Fed Reserve is still sitting on unc Ikes, so keeping them is not really a winner.
Just check for silver and then use them for tips, giving to kids, etc... to get people interested.
Don't just dump them back into the bank, that's boring.

 

I put 'em 2x2's and sell 'em at the local flea market, two for three bucks. I usually sell twenty to thirty pieces each time, and most buyers have never seen an Ike. Not much profit, but it's fun and might possibly get someone interested in the hobby.

 

I like that. The young folks are amazed at "the big dollar".

 

Can you actually prove this statement or are you simply repeating what some one stated?

 

Giving them out always works!

 

$100 lots go for about $130 or so on ebay, last I checked. You make a small profit. Spending them at fast food is a hoot as young people have never seen them.

 

I guess if there not 40% silver I would spend them. That said, Daniel Carr sees a market for them and has minted some fantasy overstrikes. Very interesting, said the old guy on Rowand & Martin's Laugh-in. lol

http://www.dc-coin.com/fantasyover-struckusacoins.aspx

http://www.youtube.com/watch?v=QlVWArmysic&feature=related

 

I am also wondering this. I have only seen this stated by forum lurkers. I would like to know if this is accurate and how do I get some.

 

True... I use them for tipping and watch the reaction. I was at the local pool (as in swimming) supply store, and tipped the kid with an Ike; then I watched him sit down with a couple of his friends and examine the coin, passing it back and forth, flipping it over and over. So much better than handing out a paper dollar.

 

I don't believe any Ikes are being stored by the Fed... there wouldn't be room for them anyway, with all the presidential dollars piling up.

 

I get them from time to time at my various banks, being a tightwad Scot, I refuse to pay more than face value for them. I have a load coming in again on Saturday to a credit union that I will probably keep. I have a lot of them, enough I canna count them anymore.

 

I had a Sizable amount and I ended up spending them at The bowling alley, McDonalds etc. It was quite entertaining.

 

Entertaining until your businesses banks got them, tellers hate them. I love them, and me being a teller's best friend, I get all the Ikeys I want and then some. Picking some more of yours up on Saturday

 

Okay thats it. I can't take it anymore, what are Ikes? I am not much into coins (although I would like to learn more), but I see lots of threaded discussions on here about these Ikes...

 

Thats the good part. You can just pick them back up again and start the fun all over again.

 

Eisenhower Dollars. Minted from 1971-78. The last of the large size silver dollars.