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Why would a coin dealer not circulate Ike Dollars ?
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<p>[QUOTE="Doug21, post: 1242422, member: 5650"]If you want a good karma story....</p><p><br /></p><p>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.</p><p><br /></p><p>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 ?</p><p><br /></p><p>Point is that brought people into your store big time around 1978...and still does.</p><p><br /></p><p>If a coin shop sends dollar coins back to the bank, then who will use them ?</p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="Doug21, post: 1242422, member: 5650"]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.[/QUOTE]
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