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Selling Ikes At My Garage Sale

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 Posted 05/05/2012  9:44 pm  Show Profile   Bookmark this reply Add baysinger626 to your friends list
So, I had 15 coins in my plexiglass lock box and I sold all of them at 1.25 each in about a day! I re-filled the box with another 15. Kids seem to love them, and an old man bought 4. One lady was like... "pish.. 1.25 for a dollar... "
Then I said they aren't easy to come by and that they are collectible she ended up buying the last 2 that were out at the time. I thought that was a good one. Id say it was a success.. and I still have tomorrow!
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 Posted 05/06/2012  08:04 am  Show Profile   Bookmark this reply Add southsav to your friends list
If 1.25 was an easy sell, bump em up to 1.50 and let em go for 1.40
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 Posted 05/06/2012  11:32 am  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:

I'd like to see a thief run off with 100 ikes...I wouldn't get far with that weight ...lol.


Seven pounds; less than a gallon of milk.
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 Posted 05/06/2012  2:40 pm  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
I'd like to see a thief run off with 100 ikes...I wouldn't get far with that weight ...lol.

Your kidding of course. Almost anything on Earth can be stolen. Crooks can and have taken items that weigh a lot more than a hundred of those.
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 Posted 05/06/2012  2:49 pm  Show Profile   Bookmark this reply Add ninamason to your friends list

Quote:
I'd like to see a thief run off with 100 ikes...I wouldn't get far with that weight ...lol.



I've sprinted across a Target parking lot with a 40-lb bag of dog food thrown over my shoulder and then had to wait for the customers I was carting it out of the store for. I guarantee a bunch of Ikes weigh far less than that bag. All you need is a car nearby and a reasonable amount of upper-body strength to get away with nearly anything.
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 Posted 05/07/2012  11:54 am  Show Profile   Bookmark this reply Add baysinger626 to your friends list
Well, I think it was a success... I didnt sell any more on sunday so in total I sold 15, and made $3.75. Not a bad investment return id say.

It would have been very easy for someone to steal them honestly, but there were things that were worth more that would have been just as easy (or easier) to take because the coins were right on the table in front of me. I only had 15 out at a time.

I might try ebay to sell some more.
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 Posted 05/09/2012  09:27 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
I wouldn't worry much about thieving while AT the garage sale..... but "AFTER" the sale because they know there may be BETTER more valuable coins inside your house. A possible "coin collection" in there.

THIS is what I would worry about.

I thought about getting rid of a bunch of badly corroded LWC's at our garage sale one time.....but I just couldn't do it....not even with those !
Thieves get to thinkin'.......if a seed is planted in their brain about a possible boon for themselves by breaking in to see if their "hunch" was right.......nuff said !
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 Posted 05/09/2012  10:53 am  Show Profile   Bookmark this reply Add wquinn to your friends list
Great point! And there are plenty of people out there that think exactly like that.
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 Posted 05/10/2012  01:16 am  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
I guarantee a bunch of Ikes weigh far less than that bag.

I guess no one read my post. 100 Ikes weigh less than a gallon of milk.

Now a thousand ounce bar can be stolen, but you're gonna be carrying it lopsided.
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 Posted 05/10/2012  03:08 am  Show Profile   Bookmark this reply Add mdpmedia to your friends list

Quote:
here in N.C. a bag of 10 Ike's could go for as much as $100


At a Louisville/Southern Indiana small time auction I saw ten(10) non-silver Ikes get bid up to $13 each: $ 130

The seller told me that he also received almost $ 9 each at the last auction preceding this most recent one.

I think this phenomenon has everything to do with the fact that Ikes are typically not available to trade in everyday common cash transactions unlike nickels, dimes, and quarters.

The key would be to auction them off in a type of auction not specifically geared toward attracting coin buyers etc.

$ 130 for 10 Ikes is nothing more than a display of uneducated emotional buying in the heat of a hotly contested bidding war.

mdpmedia

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 Posted 05/10/2012  08:52 am  Show Profile   Bookmark this reply Add wquinn to your friends list
Wow! That is unbelievable to hear that they are selling for that much. A couple of years ago, I turned in 25 to my bank for face value. I still have a few more. Indiana is too far for me to drive. Oh well.
Edited by wquinn
05/10/2012 11:23 am
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 Posted 05/10/2012  09:51 am  Show Profile   Bookmark this reply Add Coinstar to your friends list
doesn't make much sense


Quote:
The seller told me that he also received almost $ 9 each at the last auction preceding this most recent one.



do they think they are silver? and getting an awesome deal?
Retired USAF 1983-2003
Edited by Coinstar
05/10/2012 09:52 am
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 Posted 05/10/2012  10:39 am  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
Thieves get to thinkin'.......if a seed is planted in their brain about a possible boon for themselves by breaking in to see if their "hunch" was right.......nuff said !

How true that is. Pending on where you live, there are always those that run the garage/yard/estate sales to see what may be available later. AND with garages, lots of tools laying around is one thing that draws attention.
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 Posted 05/10/2012  11:52 am  Show Profile   Bookmark this reply Add baysinger626 to your friends list
Im not concerned. I live in a pretty safe area.
WOWZA! I might take a trip out to Louisville! I could make a cool $1300!
Not likely.. but how awesome would that be?
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