Why are people paying more for 100 lots of ike dollars on eBay?

Discussion in 'US Coins Forum' started by rte, Sep 27, 2022.

  1. rte

    rte Well-Known Member

    Can't you still get them from a bank?
    What an I missing?
    My father has a lot that he's saved up
    Screenshot_20220927-193926.png Screenshot_20220927-193748.png
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. Matthew Kruse

    Matthew Kruse Young Numismatist

    I bought gas with a roll of them today. IMO they are worth a dollar, unless you want to work on a set of them. I wouldn't want to sell them on eBay because of fees, taxes, and dishonest buyers.
  4. tibor

    tibor Supporter! Supporter

    It's been years since I've seen one in commerce. When I see them cheap
    at shows and nice , I buy them.
    Gallienus, Kasia and Inspector43 like this.
  5. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    Ikes aren't the next dollar bill.
    SensibleSal66 likes this.
  6. SensibleSal66

    SensibleSal66 U.S Casual Collector / Error Collector

    Never liked them and only have one my father won in a putting game at a Moose Club banquet gathering . :)
  7. baseball21

    baseball21 Well-Known Member

    You havent been able to get IKEs from a bank for at least a decade with few exceptions.

    Theyre more popular than people realize and a lot of the sales are probably people looking to search them for high grades or a couple of the varieties that would pay for the lot.
  8. Razz

    Razz Critical Thinker

    I like Ikes, a lot. Especially silver, brown and blue OGP with a couple of slabs as well. Here are a few... DSCN4562~3.JPG DSCN4563~3.JPG DSCN4561~3.JPG
    Kasia, Dynoking, tibor and 1 other person like this.
  9. Treashunt

    Treashunt The Other Frank

    Just a bunch of dummies.
  10. johnmilton

    johnmilton Well-Known Member

    They are now approaching 50 years old. When I was a kid in the 1960s, finding a 50 year old coin in circulation was big deal. Maybe they are thinking the same way.

    The trouble is, the 50 year old coins in 1960 had seen a lot of use, and many of them had worn out been withdrawn from circulation. The Ikes never circulated very much of them, and much of the mintage survives. This is especially true because they don't contain any metal that worth melting.
    Spark1951 likes this.
  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    I have a set in a Dansco. I have all of them and that’s all I want. Why are people paying so much for them? You’ve got me as they aren’t worth it.
  12. Spark1951

    Spark1951 Accomplishment, not Activity

    I had 40 of them. I have since 3 years ago checked them for attributes and gifted them to my 2 sons.

    The one word that explains the lack of desire of them: CLAD.

    Yes, I recognize there are silver and proof Ikes worth collecting, but what is that?…maybe 1% of the mintage…imo…Spark
  13. medoraman

    medoraman Supporter! Supporter

    I agree. You will never get rich, but they haven't been available in banks for quite a while, and will get scarcer over time. Somewhat like buffalo nickels. Those who grew up around them thought they would never be worth anything. They will never be worth much, but over time will become harder to get. I just bought about 3000 of them for what I thought was my "fair price" of full date specimens, around 50-55 cents a piece. Ebay is high, but coin stores have been charging over $1 a piece for these in bulk for years. Now, uncirculated can be different entirely, this is just avg circ.
    Sunflower_Coins likes this.
  14. rte

    rte Well-Known Member

    Any thoughts on if it would be worth putting the lot in the classified section here.
    I think my Dad said he had 400 or more.
  15. baseball21

    baseball21 Well-Known Member

    Honestly those prices from eBay looked pretty good. Under 2 dollars a coin and you dont have to spend any money on gas driving to and from the store. The XF/AU lot was a little weird since after fees to the seller given that they accepted an offer they probably made basically face value, might as well have spent those in that case.
    Kasia likes this.
  16. Jim Dale

    Jim Dale Well-Known Member

    If there isn't any precious metal in coins, most of them are only worth giving them back to the bank. A friend of my wife's was a teller for our Credit Union. When I would go into the bank, she would call me aside and show me some coins that some depositor had deposited. When she had them, she would ask me if I wanted them. Most of the time i would take them since she took the effort to save them for me. She's retired now and I now go to their "take out" window for business. One time, she really thought she might have something valuable. A customer came in and had a "gold" quarter. The teller thought it might be worth something, so she asked me to look at it. It turned out to be one of the "gold" coated quarters that the depositor had gotten through the mail. I told the teller that I would give her 50 cents for it.
    I have a junk jar that I keep odd things in, so I put it in that jar.
  17. rte

    rte Well-Known Member

    I too had a teller at a bank that I deposited the checks for work.
    Always a line at the drive thru so I went inside.
    One time I was eyeballing the change tray asked it they had anything unusual.
    She wasn't sure what I wanted.
    I said like that tray there with those coins that look to have more silver on the rim.
    I got a dollars worth of silver quarters.
    Later on, She would occasionally say hay look at these if the timing was good.
    One time she had four of the gold plated Kennedy halfs.
    I took everything she set aside wether it was worth something or not just because.
    I did let her know when something was better than face value...15x face for silver.
    One of the older ladies who had been there for awhile caught on and started keeping the stuff.
    I asked her once if she was a collector?
    Nope just extra money for nothing.
    I let her know if and or when she was looking at cashing out I'd be interested in looking at what she gathered up.

    It was a smaller local bank, so when the older man came in to deposit his two $20 gold pieces in his savings account...they tried to explain that those were worth more but he didn't care.
    They took them as a deposit and were going to contact his relatives.
    Never heard the results of that one.
    Kasia likes this.
  18. Vertigo

    Vertigo Did someone say bust?

    There are some scarce varieties. I would say someone is wanting to search them. I wouldn't pay that much for common clad ikes. But it is ebay. Why do ike rattlers worth 30 or 40 sell for 150-200 on ebay? Because people lose their minds sometimes...
    Screenshot_20220929-055907_eBay.jpg Screenshot_20220929-055856_eBay.jpg Screenshot_20220929-055829_eBay.jpg
  19. Vertigo

    Vertigo Did someone say bust?

  20. cladking

    cladking Coin Collector

    To my knowledge these haven't been available anywhere from the FED for years now and they have been gaining in popularity. The coins kicking around in 100 coin lots are rarely better than AU-53 any longer and many of the coins are very unattractive due to minting and circulation issues.

    There are a substantial number of these but the demand is very high.

    Most people don't notice but the demand for nice chBU coins has been exploding as well. These now go for $3.50 to over $4 wholesale!!!

    Gems so far are barely affected. Despite being so scarce you can still pick up most of the Gems for small premiums. What will set you back are the even scarcer very high grade coins.

    Nice attractive Ikes are tough in almost any condition. In a lot of 100 coins there will be only a handful.
    Gallienus and Kasia like this.
  21. Gallienus

    Gallienus coinsandhistory.com

    As a kid in Philly during the late 70's & early 80's I had to pay my doctor's bill which was $30. I took out 30 Ikes and they changed to bill to "for free".

    I've always liked Ikes although I like MS seated dollars a lot better...
    GoldFinger1969 likes this.
Draft saved Draft deleted

Share This Page