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<p>[QUOTE=&quot;NPCoin, post: 425047, member: 5629&quot;]I would have to completely disagree on this statement...and it&#039;s not just because you said it, particularly.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>If there is <b>ANYBODY</b> who can get Ikes for $1, you would have quite a gold mine on your hands, seriously.&nbsp; Placing $1 in the bank will take two years or more to gain 5%.&nbsp; Yet, Ikes sell circulated...even in bulk...for that much, sometimes for 10% up.</p><p><br /></p><p>It does not matter how &quot;insignificant&quot; the spread may be, the spread is there.&nbsp; Thus, the answer is a resounding &quot;yes and no&quot;...yes to the Ikes, no to the SBAs.&nbsp; SBAs are still abundantly available at banks and easily found in circulation.&nbsp; You can get an SBA for $1, provided your bank or credit union deals in dollar coins.</p><p><br /></p><p>Ikes on the other hand are no longer available through the Fed distribution channels (though there are some who claim they can get them from the Fed, but I have not seen anyone show any results).&nbsp; Banks and Credit Unions only have Ikes available when they are turned in...and even accepted...by a customer.</p><p><br /></p><p>Metal content is no issue...circulation scarcity is.&nbsp; Ikes are scarce, and thus, even though the spread may be quite low, hoarders and collectors do pay a premium over face.&nbsp; This premium exceeds both what you would get from depository gains as well as even acceptable investment gains.</p><p><br /></p><p>An acceptable investment gain is 12% annually.&nbsp; Basically, if you start with a $2000 investment, an acceptable return over the year should be $240 above costs of the investment.&nbsp; Placing that same $2000 in a bank for the year would normally yield about $45 on the annum.</p><p><br /></p><p>That same $2000 invested over a one month period (time to purchase/receive/market/sell/ship) if you could get them at face value, should return at least $100 if sold for even as low as $1.05 each.&nbsp; If done on a monthly basis, that&#039;s a yield of $1200 on the annum!</p><p><br /></p><p>To get the same form of return from a bank savings account would require $48000 to sit in your account all year long!&nbsp; Or, you would have to invest (and yield an acceptable return) $10000 for the year.</p><p><br /></p><p>Of course, that would all be <b>IF</b> Ikes were indeed only worth $1.&nbsp; Then again, if Ikes were truly only worth $1, we would not be seeing people paying a premium (no matter how insignificantly small) to obtain them.</p><p><br /></p><p>So because we do not see people making that kind of spread on Ikes, and because the Ikes people are selling are usually not obtained for $1 a piece, and because people are indeed paying that still small premium of a few cents on the dollar to get them, be assured that Ikes truly are <b>NOT</b> worth only $1, no matter how insignificantly above face value the current demand price is.[/QUOTE]</p><p><br /></p>

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