Value Of Bulk Better Unc Ikes?

OP, in your first post you said that did not want to Flip these coins, and then later you said you were looking for investments, for me they are the same thing, you want to buy low and sell for cost+ to make money. if you are holding $4600 in ikes for 7 years do you really think they will increase in value more than 5-10%?

Granted you may find one or 2 which might be worth a bit of money.

If you are willing to gamble the difference, and hold onto these for a decade to realize a potential profit, then go for it. I think most investors would want more of an upswing in a shorter period.

Chasing




When I get a $1,000 bag it is a mess in moving the 50 pound bag. I have no idea what is in the bag regrading high MS values. First hope is for a Morgan, Peace, ASE, .999 anything, .400 Ikes and 1973 ikes. I do get a fair share of high MS.

But I always cringe at the way the FED RES BANK, BRINKS, my BANK, and them myself clobbers the coins in the (4) moves.

But in your case it is ALL very high MS values to start with.

How are you going to protect 4,000 coins in the moving actions. They weigh 200 pounds

I think you will not loose money. $4,000 in a bank savings account pays about nothing.

On the positive side, you know exactly what the floor is for this "investment". Ikes will ALWAYS be worth a minimum of $1 a piece and can be deposited at any bank even if it makes you the most hated customer at the branch.

As for the upside, I can't see there being any no matter how long you hold on to these. Common UNCs even in MS60-65 are not going to command much of a premium. There are just far too many higher grade examples available at reasonable prices. Once you factor in the amount of time, effort, and costs associated with moving them in favorable transactions I can't imagine you making ANY profit on these. I would imagine you would be far better off holding cash and getting a part time minimum wage job with the time you would otherwise spend on this endeavor. You will come out ahead in the long run.

Sorry to be such a pessimist but for me the nail in this coffin so to speak is that the seller clearly knows exactly what he is selling you so the odds of finding anything of value (varieties and errors) is almost non-existent.

You need to be sure you have an out (a buyer of bulk) for a large part of the Ikes. In a bag of Ike's most of the coins will grade no better than MS-63 (Choice BU) especially 71 and 72 Ikes. MS-63 is one of those grades where the coin can have a lot of attractive eye appeal or very little. The grade specific to Ikes comes down to the presence of bag marks. Some Ikes in 63 are so hard to sell because Ike's face has too obvious a bag mark in the prime focal area. With this many Ikes I woud advise you to pay based upon the entire bag grading MS-60. This way you can sell those Ikes that grade MS-63 with no eye appeal or less as just a BU Ike for that date. You probably won't make much money on those but the better coins that's a different story especially if you can find 71 and 72 Ikes that grade MS-64 or especially MS-65.

I'm in a rush and just dropped them off at home, here's a quick pick.

At the very least we'll need details.

Most minor errors have little value even on Ikes.

There's a robust market for very worn Ikes though.

Nice.