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 Replies: 24 / Views: 4,419 |
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Valued Member
 United States
194 Posts |
My understanding was that the seller bought them from the Bradford exchange. I've never bought coins from there and just don't understand why anyone would... seems like a huge rip off to me.
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Pillar of the Community
United States
4409 Posts |
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Pillar of the Community
United States
2815 Posts |
For those who can't understand why anyone would pay more than face for an Ike dollar, I have just one question. What "kind" of Ikes are you buying? Do you really think that all Ikes are exactly the same? There are differences in quality with the Ike series just like any other series. They are not all created equal. Just take a look at the Ikes offered by James Sego (or in my registry set) and tell me that they're only worth a dollar. Nope. You did more than good getting those dollar coins for face. You got the holders for free. I think you are underestimating how good of a deal you got, really. Edited by Darth Morgan
11/07/2015 4:35 pm
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Pillar of the Community
United States
500 Posts |
MY LCS has a bowl of loose circulated Ikes and SBA's from time to time for $1.50 each. They sell one once in a while. |
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Pillar of the Community
United States
6130 Posts |
Cascade hit the nail on the head. I was a cashier for 4 years from 2008-2011. During that time, I saw 2 Ikes spent, neither one at my till. I have asked for them every time I go to the bank for any reason, and the closest I have ever gotten was a "You just missed one this morning." The branch managers have all laughed when I ask if it was possible to order a bag. I could dedicate hours of my time and maybe score a bag for face, but I would much rather pay $1.25 per coin and save the hassle. In my mind, all Ike dollars over AU are worth $1.10-1.25 each. As far as SBA dollars go, 1979 and 1980 are easy enough to find, minus the 1979 wide rim. 1981 was not made for circulation, and 1999 are really pretty tough to find. I've gone through maybe $2000 worth of small dollars, and I am still missing the 1999-D. |
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Pillar of the Community
United States
814 Posts |
Most Ikes in my set were bought for face with a few exceptions. Mostly because I sought nicer (read mint set) pieces than what I had from circulation, or because when I was assembling my Dansco I simply didn't have certain ones yet, and no reliable channel to get them from circulation.
And a premium was of course paid for the silver ones.
I think people are willing to pay more than face simply because they are no longer a current coin and supplies are limited. My rule is that I'm willing to pay a premium for a nice example for a set. Although a nice example from circulation is good too; as a bank teller, it's always fun to be on the receiving end of a freshly cut up mint set.
Now if I was hoarding or stacking clad Ikes, on the other hand, I wouldn't pay a penny over face.
Edited by hcmusicguy
11/07/2015 10:08 pm
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Pillar of the Community
United States
1249 Posts |
I will take all of your 1979 p wide rum s.b.a's and your type 2 79 and 81 proofs. I'll pay you a dollar. That sounds like a good deal to me . That's like asking do people really pay more than a penny for a penny? Really?
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Moderator
 United States
188535 Posts |
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Pillar of the Community
United States
2815 Posts |
Quote:
That's like asking do people really pay more than a penny for a penny? Really? Precisely.  |
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Valued Member
United States
194 Posts |
Well I guess I have a better understanding of pennies than I do these. I mean they are nice coins but I just couldn't justify the prices like I seen when researching how much these may have cost from the company who sells these sets. Seems crazy to me. I got a killer deal on the Morgan's and Peace dollars as well. Lol. Got them for $12 a piece... would have paid more if I needed to... but that's a totally different subject. ;) |
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Pillar of the Community
United States
1119 Posts |
Quote:Bradford Exchange massively overcharges for their products. If I'm not mistaken those coins may have been a part of this subscription plan http://www.bradfordexchange.com/pro...thony&N=8125Each coin cost $44.95 + $5 shipping I don't understand how the Bradford Exchange can get away with calling every dollar coin a silver dollar. SBA dollars have no silver in them yet they call the 1999 SBA a silver dollar |
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Valued Member
United States
392 Posts |
To the OP - I recognize the holders. The original buyer paid between $35 - $125 for each coin, and they were purchased through "Complete US Dollars Collection" subscription purchases through The Bradford Mint. In my opinion, this company preys on new collectors, or older folks who remember the "glory days" of US coinage. They sell outrageously over priced, over graded (by the company) coin programs. They sell G/VG common date Morgans in a similar program for $150 each (sent every other month, payment of $75 per month). They have other programs for cents, dimes, quarters, and halves. Congratulations are your very good fortune. It's a sad footnote that your new coins came at the expense of someone who was taken advantage of. The fact that you bought them at face value suggests that the original buyer didn't even want them around as reminders that he/she had been so sadly cheated. Spurious sellers are nothing new. We've all seen it in just about every area of human endeavor. I think it just bothers me more when it's done within the numismatic hobby, where we've made such strides toward honesty and decency with the efforts of the ANA, Third Party Graders, etc.Jack |
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Pillar of the Community
United States
1249 Posts |
I need a nice 1999 Susan B. if you ever get interested in letting her go I'll give you double what you paid for her HAHAHA
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Moderator
United States
188535 Posts |
Quote:I don't understand how the Bradford Exchange can get away with calling every dollar coin a silver dollar. SBA dollars have no silver in them yet they call the 1999 SBA a silver dollar They must be thinking colour, not content.  |
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Bedrock of the Community
United States
11951 Posts |
tweak If you really need a 1999 SBA, try posting a want list. I know there is one on my desk, still sitting in the cello, not sure if it is P or D. |
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Replies: 24 / Views: 4,419 |
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Posted 11/07/2015 09:27 am
