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 Replies: 13 / Views: 871 |
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Pillar of the Community
 United States
4553 Posts |
In early October 2024, I began the process of helping a family friend to liquidate an Ike Hoard inherited from her late husband. I thought my fellow CCF'ers would appreciate an update on the project. Later in the fall, I went to a coin show and inquired with several dealers if they would like to buy the Eisenhower dollars in bulk. The only offer I got was for $1.10 per coin, which I considered insultingly low for 500 mostly AU Ikes. Over the last seven months, I have slowly sold 75 Eisenhower dollars on ebay for a total payout of about $200. That included a few minor DDO and a pair of 1972 Type 2 dollars. At only 15% through the hoard, that is already 2.5x the profit offered by that dealer on the entire cache. I have a few more minor DDO to sell before I am down to just ordinary Ikes, but it has been a pleasant process so far. Just wanted to say thanks for all the help from CCF. I would not have been able to assist my friend without all the learning that I have done here! =) |
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Moderator
 United States
32968 Posts |
Well done @brand and thx for the update. I think that it is always interesting to see prices sold like you have shared.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
United States
607 Posts |
Is the $200 after ebay and shipping cost. If so, you did good. |
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Pillar of the Community
 United States
4553 Posts |
Yes, the $200 is net of ebay transaction charge, commission, and ESUS shipping. Quote:
If so, you did good. Thanks! =) |
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Pillar of the Community
United States
2146 Posts |
Nice AU ikes are not that easy. The ones that used to come from the FED were chewed up AU's with more chewed up XF's and VF's than AU.
I haven't looked since the mid-'90's but those coins were not very nice. The large size of the coins assures they get scratched in every little collision. Most of the ones I still see out there are not very nice.
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
4553 Posts |
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Pillar of the Community
United States
2146 Posts |
Quote:Well, here is what PCGS considers to be AU. I would say most—if not the majority—of the coins in this hoard are nicer than those examples. https://www.pcgs.com/coinfacts/coin.../images/7409 I'd call the AU55 a decent coin and the 53 a nice one. The 55 has less wear but a little too much damage for my taste.
Time don't fly, it bounds and leaps.
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Bedrock of the Community
United States
58507 Posts |
Congratulations!  Errers and Varietys.
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Pillar of the Community
United States
570 Posts |
Quote:Yes, the $200 is net of ebay transaction charge, commission, and ESUS shipping. Well done. I'm appalled at the ebay fees these days. I just got back into ebay sales and got hit with almost 13% on a coin I sold.
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Valued Member
United States
134 Posts |
Nice work! It's not as easy to sell as I expected to be. I have sold some coins on ebay, and thinking of selling some more, but the fee's and shipping are getting crazy. |
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Pillar of the Community
United States
4838 Posts |
To be honest, I don't find the $1.10 Offer to be that bad, the dealer isn't going to expect there to be better varieties in there, so they have to buy em as generic. Unloading ikes in small quantities takes a ton of time and work for not a very big payout. If it takes a dealer more than 2 hours to list, sell, and ship the 75 you sold, which it probably would, it wouldn't be worth it even if they paid face for them. Not to mention the amount of space relative to value 500 Eisenhower dollars takes up. It's similar to a dealer offering 2c per for wheat cents when they will ultimately sell them for 4-5c per. The value is too low for a dealer to offer more. |
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Pillar of the Community
United States
4553 Posts |
Adam, let me propose what I think a dealer would do with a big cache of circulated Ike dollars in reasonable condition. He would have sorted them by date, isolated the 1972 (P), and quickly scanned them for any Type 2 proof reverse. Also any 1973 NIFC dollars. Maybe also set aside any 1976 (P) Type 1 blocky letters reverse. The rest would have been sold in rolls, stocked as album fillers, or simply cashed at the bank. If I were inclined to be pragmatic about the hoard, I would acknowledge that almost all the monetary value was contained in the pair of 1972 Type 2 and the handful of 1972 minor DDO. As you point out, the rest make a tiny blip of profit for a lot of manual work. I'm not inclined to be pragmatic about the hoard, obviously. It was the collection of a late family friend, and I take satisfaction from knowing that his stash of treasures is slowly getting farmed out to appreciative collectors. |
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Pillar of the Community
United States
2203 Posts |
Adam nailed it.
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
162571 Posts |
Good work!  |
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Replies: 13 / Views: 871 |
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Posted 04/26/2025 3:17 pm
