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searching4silver
Penny Pincher Member
111 Posts |
 Posted - 08/09/2010 : 10:53:01
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I was thinking about ordering large dollars from the bank. Anyone ever tried that? I wonder what the percentage of peace/ morgan old dollars would be in such an order? and the percentages of 40% silver Ikes would be? Then Once i managed to order these large dollars, how would I get them tunred into the bank? The coin machine won't take them? Any thoughts?
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 08/09/2010 : 11:13:35
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You can try but you probably will end up getting the presidentail dollars. Most tellers don't know what a "big dollar" is and most teller managers don't know that they can order Ikes. If you do end up ordering some and getting them the silver dollar % is going to be very very small.
Also only way to return them is to spend them or have the tellers count them out. |
Copper Penny Investing
www.portlandmint.com |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 08/09/2010 : 11:18:43
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I have yet to be able to order Ike dollars; sometimes I buy the ones the tellers have on hand. Haven't found any silver Ikes yet.
You are probably better off ordering halves. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 08/09/2010 : 14:02:45
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| i actually researched this. there is a thread here about it. there is a fed publication that says they can actually be ordered. tellers don't know how to do it so your first hurdle is getting them to try, which requires them to figure out how to do it. where i live, they can actually order them but all they ever get is presidential dollars, so there is no point. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 08/09/2010 : 15:08:19
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quote:
Originally posted by Lemon Thrower
i actually researched this. there is a thread here about it. there is a fed publication that says they can actually be ordered. tellers don't know how to do it so your first hurdle is getting them to try, which requires them to figure out how to do it. where i live, they can actually order them but all they ever get is presidential dollars, so there is no point.
IKE dollars are not on their regular order list so they either have to mark IKE on the order sheet or call in for a specail request. They can order them but they don't like going through the extra effort. Also depending on where they get the coin they may not always have them so they will send presidentail dollasr instead. |
Copper Penny Investing
www.portlandmint.com |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 08/09/2010 : 15:32:01
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[ Then Once i managed to order these large dollars, how would I get them tunred into the bank? The coin machine won't take them? Any thoughts?
[/quote]
Well, I am still a newbie at all this... but I spend them! Everyone loves it! The cashiers wow, and the other customers in line behind me buy them up from the cashiers once I am done! Now, I am talking about half dollars, not Ike's.
In fact, I use this to get them interested in helping me. I pull out an Ike and tell them I am really looking for large Ike dollars and ask if they would help me find them. I leave my card with the one's who say yes.
Filling up my trucks each week is about $160.00, then there is lunch out, then paying dump fees for my trash hauling, then groceries, etc.
I have a $500 dental crown scheduled for next week. Hahahaha! Guess how I will pay it?
Thanks for the thread. I am interested in finding more Ikes myself. |
"The most fiscally irresponsible government in American history."
Mort Zuckerman, liberal columnist and former Obama speech writer |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 08/09/2010 : 15:32:43
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quote:
Originally posted by Sheikh_yer_BuTay
[ Then Once i managed to order these large dollars, how would I get them tunred into the bank? The coin machine won't take them? Any thoughts?
Well, I am still a newbie at all this... but I spend them! Everyone loves it! The cashiers wow, and the other customers in line behind me buy them up from the cashiers once I am done! Now, I am talking about half dollars, not Ike's.
In fact, I use this to get them interested in helping me. I pull out an Ike and tell them I am really looking for large Ike dollars and ask if they would help me find them. I leave my card with the one's who say yes.
Filling up my trucks each week is about $160.00, then there is lunch out, then paying dump fees for my trash hauling, then groceries, etc.
I have a $500 dental crown scheduled for next week. Hahahaha! Guess how I will pay it?
Thanks for the thread. I am interested in finding more Ikes myself.
[/quote] |
"The most fiscally irresponsible government in American history."
Mort Zuckerman, liberal columnist and former Obama speech writer |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 08/09/2010 : 15:32:44
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Where i'm located the tellers ask only to find they are not allowed to order them. It is news to me that tellers when ordering coin can write in, the other section large dollar coins.
I would search them non-stop since they sell above face on their own  it would be a wonderful way to search. If only all half dollar coins carried a small premium over face. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 08/09/2010 : 16:03:19
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| So circulated Ikes are worth more than face? I just spend the non-silver ones when I get them. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 08/09/2010 : 16:41:48
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| Not really that much of a premium, but imagine searching them in the 1000's each week and simply pawning them off to someone else for a slight profit. Beautiful. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 08/09/2010 : 16:49:17
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| Do you think there are a bunch stored up in some Fed Reserve vault? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Kiwiman
Penny Pincher Member
225 Posts |
Posted - 08/09/2010 : 17:14:51
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| yea why would you want to return them you can sell them all day for $1.20, a coin store i went to was selling them for $1.50 each |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/09/2010 : 17:59:45
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| I wish I knew where I could reliably dump Ikes at 1.2. I have a bank here that can order all I want, and I have seen them bring in bags for some other people; So where can I dump Ikes at 1.2? |
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totalcount
Penny Sorter Member
USA
77 Posts |
Posted - 08/09/2010 : 18:35:03
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quote:
Originally posted by fb101
I wish I knew where I could reliably dump Ikes at 1.2. I have a bank here that can order all I want, and I have seen them bring in bags for some other people; So where can I dump Ikes at 1.2?
You could always try this board. I bought some for 1.1 a while ago but have seen them go for more. I think they go for around 1.2 on ebay too. |
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UDEric
Penny Pincher Member
USA
202 Posts |
Posted - 08/09/2010 : 18:59:15
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| It's funny this came up...not more than 2 days ago my dad asked me "do you think we can order the large dollars from the bank?". I told him I really wasnt sure...after reading this thread it seems like it might not be worth it (unless you have a buyer for your IKE's even at face value) |
"Three things cannot be long hidden: the sun, the moon and the truth" |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/09/2010 : 19:24:53
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| There's always buyers at face value. That's the best part of this investment - no downside! |
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TXBullion
Penny Collector Member
374 Posts |
Posted - 08/09/2010 : 19:36:28
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| check ebay completed listings, youll find them in 100 lots that sold for 1.2-1.3 |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 08/09/2010 : 20:43:10
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| I've manager to get a few rolls of Ikes, but no silver. |
Are you throwing that out? |
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Beau
Penny Pincher Member
216 Posts |
Posted - 08/09/2010 : 21:06:53
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I would say the shipping weight @ 1.2 would eat you up, if you sold them to someone then payed the shipping.
if they payed the shipping then it would be cost prohibitive for them, Ike`s are heavy. |
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government."
Thomas Jefferson |
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TXBullion
Penny Collector Member
374 Posts |
Posted - 08/09/2010 : 21:12:51
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| Beau, I should have added that on ebay it was 1.2 plus shipping. So, figure, after fees , you will come out 5 to 10 ahead for 100 dollars that are "disposed of". |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 08/10/2010 : 05:36:53
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| i have seen them on CL for anywhere from 125-150 per 100. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 08/10/2010 : 12:22:01
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| Are they easy to sell though or do you end up holding on to them? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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twentybux
Penny Pincher Member
174 Posts |
Posted - 08/10/2010 : 16:02:31
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quote:
Originally posted by Lemon Thrower
i actually researched this. there is a thread here about it. there is a fed publication that says they can actually be ordered. tellers don't know how to do it so your first hurdle is getting them to try, which requires them to figure out how to do it. where i live, they can actually order them but all they ever get is presidential dollars, so there is no point.
Yo Lemon! Can you give us the thread you are speaking of? I too have had problems with tellers saying they would ask for dollar coins and only receive presidential dollars. The tellers told me they had no way to order the Ikes for me. I'd love to share the info. with them. I have a teller or two that would go the extra mile it's just that they think they are at a dead end. Many Thanks! Twenty |
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Kiwiman
Penny Pincher Member
225 Posts |
Posted - 08/11/2010 : 22:24:56
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quote:
Originally posted by fb101
I wish I knew where I could reliably dump Ikes at 1.2. I have a bank here that can order all I want, and I have seen them bring in bags for some other people; So where can I dump Ikes at 1.2?
i think i've seen em go on feebay for 2x face |
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Roadrunner
Penny Collector Member
USA
413 Posts |
Posted - 08/13/2010 : 09:09:52
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I sold a lot of 24 Ikes on eBay for $40.70 after fees and shipping.  |
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UDEric
Penny Pincher Member
USA
202 Posts |
Posted - 08/13/2010 : 09:24:43
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Just asked a teller that we have a good relationship with about this. She said she would see if she's able to do it. If she is we might order a box? How many come in a box? Do they even come in a box or just rolled?
I will let you know what happens with this. |
"Three things cannot be long hidden: the sun, the moon and the truth" |
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Topic |
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Anyone ever order large dollars from the bank?
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