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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
 Posted - 08/20/2010 : 13:18:35
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I found it funny yesterday when I was picking up and dropping off halves and pennies that I had tellers at 2 banks trying to get me to buy $1 coins.
1 teller asked me if I collected them and I said no. She said they get $1k face every 2 weeks automatically shipped to them even if they don't order them.
Another teller asked me if I wanted to buy some $1 coins and I told her no and I had a conversation with her that they really aren't that collectible. She said they got automatic shipments of them too.
Do you guys have tellers trying to sell you $1 coins often? Have you heard of any other banks having "forced" shipments?
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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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fb101
Administrator
USA
2856 Posts |
Posted - 08/20/2010 : 13:23:07
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Yes, I have tellers wanting to give me as many dollar coins as I want.
But only those sorry fake looking tintype coins that are so scratched up they're ms-25s even when they're uncirculated.
The design is so sad it looks like it was scribbled on the back of a matchbook with old crayolas.
You know... presidential dollars.
I'm surprised they don't have a ship ban on them to keep people from deporting the ugly things. |
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Edited by - fb101 on 08/20/2010 13:25:08 |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 08/20/2010 : 13:25:31
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| I'd take 'em and spend 'em. |
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Cerulean's Standing Offer: $3/lb shipped for foreign coins |
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 08/20/2010 : 13:44:54
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| Seems like it was around February-ish this year that I was asking at banks if they had any of the new cents yet. They actually said we get a lot of people asking for the new dollars but no one looking for the cents. I wonder if they were telling the truth or trying to "give me a hint" that these coins were the ones I really wanted. I still don't have any. I might save a few of the Lincolns... just cause I'm a Lincoln collector... and I lived about 3 blocks from where he practiced law in Lincoln IL :) |
Come to the new and improved realcent: http://realcent.org
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cesario
Penny Pincher Member
129 Posts |
Posted - 08/20/2010 : 14:00:21
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I wish I could get dollar coins. Easy to pay the bus fare.
None of the banks are willing to stock them. And no way I want a whole brick of them directly from the US Mint. |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 08/20/2010 : 14:14:30
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| I get the offer all the time. I just smile and say no thanks. Teller trays seem to be overflowing with them. I know the mint has having a big issue with people who did the direct ship using rebates and would dump them as soon as they arrived. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
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bankmining
Penny Pincher Member
USA
120 Posts |
Posted - 08/20/2010 : 15:20:25
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| I get asked about taking some nearly every time I ask for halves. The banks near me all seem to be swamped with them. The tellers all have plenty of loose ones and usually rolls, too. I turn them down every time. |
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Beau
Penny Pincher Member
216 Posts |
Posted - 08/20/2010 : 15:26:26
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I don`t have tellers asking if I want them, I deposited a $1,000 worth and they asked me next time I went in if I wanted my coins back?
I said heck no, they said we are saving them for you.
I said then don`t.
Thanks Anyway |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 08/20/2010 : 15:51:55
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I always ask for the large Ike dollars and always turn down the smaller ones.
Wish I had the time to open a coin shop in my city. It is definitely a seller's market. Ike's sell for $3.00 and $50.00 of wheaties sell for $225.00! (that's 4.5x face!) |
"The most fiscally irresponsible government in American history."
Mort Zuckerman, liberal columnist and former Obama speech writer |
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johnbrickner
Penny Pincher Member
154 Posts |
Posted - 08/20/2010 : 17:21:40
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Interesting is my favorite teller asked me today if I wanted to buy $1 presidential coins. Someone had turned in about 150. She also had Ikes and halves. I took $40 of halves and found 11 40% Kennedys. I'm going to ask her what she likes persoanlly for a reward for this one.
So what is up with the Ikes? Any value there Sheikh? I'll go back on Monday if there is something worth sifting. |
"I Killed the Bank" from the tombstone of Andrew Jackson |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 08/20/2010 : 17:27:33
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quote:
Originally posted by Sheikh_yer_BuTay
I always ask for the large Ike dollars and always turn down the smaller ones.
Wish I had the time to open a coin shop in my city. It is definitely a seller's market. Ike's sell for $3.00 and $50.00 of wheaties sell for $225.00! (that's 4.5x face!)
You get 3.00 for IKES? |
Come to the new and improved realcent: http://realcent.org
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fb101
Administrator
USA
2856 Posts |
Posted - 08/20/2010 : 19:53:54
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| What city is that I should open my store in?? |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 08/21/2010 : 07:15:27
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I live in Tulsa. The coin dealers here a very proud of their coins. It's nuts. I have watched people pay waaaay over Red Book values for coins. There is a demand spike/panic that started in 2008.
Yeah, can you imagine paying $3.00 for a copper-clad Ike???! Not me, brother!
NOTE: Before anyone gets too excited about $3.00 Ikes... That story was relayed to me by one of my closest friends yesterday. They needed an Ike for their kids' school project and had called around the different shops. Let me check it out further before anyone starts packing their bags. I don't bother going into those shops much anymore because they are always too damn high on everything!
These Bozos tried to con me into paying 15 cents for copper Canadians!
I got slack jawed when I saw five $50.00 bags of wheaties laying on the floor behind the counter with $225.00 price tag on each last week, and I know they will sell them! |
"The most fiscally irresponsible government in American history."
Mort Zuckerman, liberal columnist and former Obama speech writer |
Edited by - Sheikh_yer_BuTay on 08/21/2010 07:27:08 |
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Kiwiman
Penny Pincher Member
225 Posts |
Posted - 08/21/2010 : 09:52:13
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| At first I thought they were offering you Ikes! |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 08/21/2010 : 10:12:00
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| bars are my best place to sell ikes. put one down as a tip and watch the people . sold 5 for 10.00 and 100 for 125 last week. |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 08/21/2010 : 10:51:28
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quote:
Originally posted by cwgii
bars are my best place to sell ikes. put one down as a tip and watch the people . sold 5 for 10.00 and 100 for 125 last week.
LOL! Ain't it great how a little booze limbers up people's wallets! |
"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 - 08/21/2010 : 10:55:46
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Male Bovine Excrement Alert!!
I can buy Ike's for $1.05 NOT $3.00 here. Yeah, some Ikes will sell for $3.00, but common circulation will go for $1.05.
Sorry for the misinformation, folks. My friend is really a good friend, but sometimes they get their facts mixed up. |
"The most fiscally irresponsible government in American history."
Mort Zuckerman, liberal columnist and former Obama speech writer |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/22/2010 : 03:28:57
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quote:
Originally posted by cwgii
bars are my best place to sell ikes. put one down as a tip and watch the people . sold 5 for 10.00 and 100 for 125 last week.
Sounds like the best Ike marketing plan I've seen yet.
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“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
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johnbrickner
Penny Pincher Member
154 Posts |
Posted - 08/22/2010 : 10:09:11
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| Huh, who would have thought anything but the 40% silver Ikes had any value? Gonna have to research out the Ikes now. I don't frequent bars but, looks like I should start. |
"I Killed the Bank" from the tombstone of Andrew Jackson |
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mjcurley3
Penny Sorter Member
USA
32 Posts |
Posted - 08/23/2010 : 17:48:09
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| you can direct ship those dollar coins from the mint, free shipping for a box of $250. I think you can buy by the roll as well for the $ coins, they really pushing them. |
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Dave
Penny Pincher Member
156 Posts |
Posted - 08/24/2010 : 05:07:11
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| When one of my banks get the new Prez. dollars, they want me to buy a roll of them. Which I do, don't know if they will be worth anything in the future. But they are banked rolled and unserched. |
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Dvorak
New Member
USA
19 Posts |
Posted - 08/27/2010 : 10:33:29
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I like metal more than paper, I just wish we had circulating $5/$20/$100 coins.
It would make checking the cushions for change a lot more exciting! |
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Being offered $1 coins when you pick up other coin
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