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 Replies: 12 / Views: 5,633 |
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Pillar of the Community
United States
2281 Posts |
I called up my bank and asked if they could order Large Dollar coins for me. The woman knew what I was referring to and was very nice and talkative. Unfortunately she said on the order form she cannot choose what type of dollar coins to order, large or small.
Can anyone still order Ikes? I believe I read a post here awhile ago stating what order # they are to distinguish but I cannot find the thread. Help me out CCF You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Pillar of the Community
United States
795 Posts |
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Moderator
 United States
188440 Posts |
I have not tried, but good luck with your endeavour. I always appreciate seeing an appetite for Ikes.  |
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Rest in Peace
United States
18456 Posts |
You guys have to realize that banks aren't coin shops . You can't just go there and ask for rolls of Ike dollars , Susan B.Anthony's or Sacagawea dollars . However if the banks have a couple of coins in their draws they will let you have them . I do not work in a bank nor have I ever worked in a bank , just voicing my opinion .  |
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Moderator
United States
188440 Posts |
True, they are a business first. If they say no, just say thank you and move along.  |
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Moderator
Australia
16827 Posts |
To banks, and to the armoured car companies that work for them, money is fungible - it is entirely irrelevant what form the money is in, whether it be $1 coins or $1 notes. They might choose to provide a customer service in dispensing large quantities of specific denominations of coins or notes, as it is reasonable for businesses to want to provide change for cash transactions, but they are under no legal or moral obligation to do so. Specifying the type of monetary object of each denomination would be an unreasonable and unnecessary complication in their logistics.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
 United States
2281 Posts |
You all make good points. Wells used to specifically order Ikes for me all the time just a few years ago. I wonder what changed..
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Moderator
United States
188440 Posts |
Quote:
I wonder what changed.. Many things. Availability could be one, willingness (or authorization) to make an extra effort another. It was a good ride. Feed off the memories. |
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New Member
49 Posts |
Regulations changed. It used to be that certain banks that subscribed directly to the Fed cash network ("Fed Net") could order bags of Ikes and have their armored car service deliver them from the local Fed warehousing facility. Around 2 years ago, the regs changed so that only armored car companies can order and take delivery of coin on behalf of banks. The armor car companies won't order or deal with Ikes because they don't circulate. Only SBA and gold dollars circulate. Its too bad because every so often I'd be able to get bags of Ikes to search. Unfortunately I didn't have nearly as much good luck as some others in getting silver from them. |
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Moderator
United States
188440 Posts |
Thank you for the information, Robby.  |
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Pillar of the Community
United States
3207 Posts |
Which means whatever Ikes remain in Fed warehouses are stuck there until... ? Who knows, maybe 100 years from now the GSA will sell them like they did the CC Morgans.
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Moderator
United States
188440 Posts |
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Who knows, maybe 100 years from now the GSA will sell them like they did the CC Morgan Oh, that sounds interesting.  Maybe they will realize that would be too much work and offer them by the bag for a (small) premium like they do for halves and baby dollars now.  |
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Pillar of the Community
United States
2869 Posts |
Most likely bags as Ikes contain zero or no silver and Most years are common.
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Replies: 12 / Views: 5,633 |
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Posted 10/19/2021 09:53 am
