As a kid in the 70's the original owner of this shop would give out buffalo nickels in change, new doesn't get it , but he;s fair, I used to buy old Morgans for tips for like $8 from for tipping, to promote the hobby, K . I can't do that no more, Ikes are are cool and $2 bills or even halves. Lottery sales are strong at this 40 year coin shop in 06437...why not give change in Ikes , since you're a coin dealer when somebody gives you a fiver for $2 in Lotto ? I asked him to sell me some Ikes, he said he sent $500 worth to the bank last week and had $40 or so he;d sell me at face. Since you are a coin shop, why toss these aside ? I'd sure give dollar coins , both sizes) and $2 bills as tips. A standard Morgan is worth what maybe $33-35 now, I can't tip that ( now). Coffee shop comps chatty wife,,,give them kids jfks, Ikes, $2 bills as tips since they conp you almost 100% of time..... I have to tell wife to tip these people that give you free coffee !I wish I had a bartender that would give me whatever I wanted to drink for an Ike dollar tip everytime. ! I'd trade an Ike for a proper Long Island tea anytime, and throw another as a tip. I'll buy them up at face, cool tips for me....I'd have bought the whole $500 with notice
It is too hard to anticipate at times what someone will want. So why sit on inventory just in case someone might want them? I am sure he could use the space for something better. Just my opinion.
I think a coin dealer could give Ike's in change without a problem, most collectors would "get" it. As far as leaving them as tips, some people might like it, but to others it might just look like more change they have to take to the bank to convert to paper.
If I tip you 2 Ike dollars for serving me breakfast, you don't have to take them to a bank to "redeem " them, you could just spend them like they $1 bills, eh !
. I don't really want $500 worth but I could take them at face, he said he had about $40 worth a few days ago.
i took a handful of ikes to a Paul Mccartney concert last week to use as tips for the beer guys. they were astonished lol
. It's not inventory, he doesn't try to sell them at above face. The original owners of... Guilford Coin Exchange guilford, ct used lottery ticket sales as a way to get people into the store when lottery was a new thing. Worked great ! If you buy your lottery tickets at a COIN shop, you should be elated to get back a big IKE dollar in change. Last time I sold at a flea market, a year ago, I sold the Ike's I had for $6 for 5, ( only had like 40) and sold ALL my red seal $2 bills for $2.50 each ( one deal to same guy, over 100 of them). I wasn't there to sell coins and stuff, more like selling household items since I'm trying to clear out my home and move. A year later the house is unsold, and worth even less. I feel like an (__*__) for not selling it 3-4 years ago. I plan to sell again within a few weeks. It's a pain to load up the F-150 and do this, but I will. Oddly the $2 bills and Ikes sold, buy my heavier junk. No point to hold deuces and Ikes, but I'm weird and like to tip with them....Like I said earlier I used to buy Morgan dollars for tipping purposes when they were $8 each. I'd offer a waitress the Morgan or the standard tip usually instead of just pushing a morgan on somebody. I used non 1921's , a coin dated 1886 is more interesting and a VG coin looks cooler than an xf-AU 1921. Some were greatly received, others wanted the normal tip. most waitstaff would love a cash type tip, IMO.
that's what I'm saying ! How does a coin dealer not promote his business by actually using Ike dollars in change at his shop ? A great novelty if somebody wants a "real" paper dollar instead, no biggie. If I were a teller and didn't want this odd stuff like a half or Ike or deuce, I'd dump it on a senior that would know what is, and maybe smile ? banks here, don't even "carry" the dead prez dollars anymore.
If you want a good karma story.... The primary guy that founded the Guilford Coin Exchange, around 1971, named Gordon Downer ( along with his brother Donald), used the new lottery to get heavy traffic into his shop. They got like a 10% commission on lottery sales, and Gordy put ALL of his Commissions back into ct lottery tickets....not too smart by the math, it is clearly -EV. Well he won for like 3 million, might have won twice ? Point is that brought people into your store big time around 1978...and still does. If a coin shop sends dollar coins back to the bank, then who will use them ? I'll buy however many Steve ( new owner) wants to sell me at face, or whatever cash I have on me. I think common Ikes are worth $1.25 retail. I'm not paying that, but I'll buy them for $1, again for tips mainly.
Looking for the article on this, I sadly found the obit for Gordon's wife ( Barbara) from April at age 71. I knew her a bit. Home » Publications » U.S. newspapers and newswires » Massachusettes newspapers » The Boston Globe (Boston, MA) » Oct - Dec 1993 » October 10, 1993 » * Save This article has been saved! You may organize and add notes about this article below. This article has been saved! View all saved articles * Export To export this article to Microsoft Word, please log in or subscribe. Have an account? Please log in Not a subscriber? Sign up today To export this article to Microsoft Word, please reactivate your account. * E-mail Recipient's e-mail address Use commas to separate e-mail addresses. This information will not be used for marketing purposes. Your e-mail address Send me a copy too. Comments (optional) I thought you might find this article from HighBeam Research interesting. (927 characters remaining) * Print * Cite MLA AP). "Man sells self winning lottery ticket." The Boston Globe (Boston, MA). International Herald Tribune. 1993. HighBeam Research. 10 Aug. 2011 <http://www.highbeam.com>. Chicago AP). "Man sells self winning lottery ticket." The Boston Globe (Boston, MA). 1993. HighBeam Research. (August 10, 2011). http://www.highbeam.com/doc/1P2-8248907.html APA AP). "Man sells self winning lottery ticket." The Boston Globe (Boston, MA). International Herald Tribune. 1993. Retrieved August 10, 2011 from HighBeam Research: http://www.highbeam.com/doc/1P2-8248907.html Please use HighBeam citations as a starting point only. Not all required citation information is available for every article, and citation requirements change over time. * Permalink Create a link to this page Copy and paste this link tag into your Web page or blog: <a href="http://www.highbeam.com/doc/1P2-8248907.html" title="Man sells self winning lottery ticket | HighBeam Research">Man sells self winning lottery ticket</a> Man sells self winning lottery ticket The Boston Globe (Boston, MA) The Boston Globe (Boston, MA) See all results for this publication matching your search terms Browse back issues of this publication by date October 10, 1993 | AP) | Copyright All inquiries regarding rights or concerns about this content should be directed to Customer Service. Share NEWINGTON, Conn. -- Gordon Downer is excited about selling the winning lottery ticket -- especially since he bought it. Downer, who has owned the Guilford Coin Exchange with his brother for 25 years, has been selling Lotto tickets since the game was introduced in 1983. He walked into lottery headquarters in Newington Friday to claim his $4.6 million in winnings in the Aug. 24 drawing. The winning ticket -- 1-12-18-25-39-42 -- was generated by Downer's terminal, a ticket that he happened to buy. "The night of the drawing I went back to the store to take a printout of the … Read this entire article – and millions more – with a FREE, 7-day trial! Ads by Google Web EDI Exchange EDI and other data simply and economically via the Web www.iconnect-corp.com
He sold lottery tickets way before 1983, maybe not Lotto, but lottery tickets came to Ct more like 1973.
I'm very sorry to hear "Babs" died. Gordon moved to Florida some years ago , but came back to CT in the last few years. Pretty good guy, but his brother was/ is way more fun. Gordon has this strange demeanor....you ask him something and he thinks about it and answers 20 seconds later...." don't rush me"....but he/ they also knew how to develop a YN ( me in the 70's). Gordon taught me patience. The downer brothers were almost like the Harper brothers. Gordon= Alan Donald= Charlie It's a good shop if you ever travel through the New Haven area.
