Clad Ikes for $6?

[cuppoor]

Am I missing something here? This seems a little crazy.

http://www.ebay.com/itm/EISENHOWER-Ike- ... 7675.l2557

[rsk1963]

As far as I saw, the only reason this went this high is people are dumb.

[Morsecode]

Jerk seller calls them Silver dollars in title, then cupro nickel in the description. Proves most Americans don't look past the headline.

Six unique bidders at that

[cesariojpn]

Reported.

[BamaJoe]

If any of you folks are disapointed becuase you missed this deal I have great news.

I just happen to have some that I'll sell at the bargain price of $5 each. Just let me know how many you want.

Of course, this is just for my buddies here. For strangers they are $6 each.

[Robarons]

What worse is the folks who placed a bid of $6 on the auctions is what they felt a silver Ike was worth.

Or more importantly their 'greed factor' of $6. Because these folks thought they had 'secret' insider trading factor that they were silver they felt $6 was a fair price. Assume an old lady with silver Ikes at a garage sale- coin collectors would offer 10-20% under spot when asked a 'fair' price, while these people would offer $6.

So although the auction is clearly an attempt to mislead- the bidders are to blame as well to a degree

[scyther]

I don't know. I refer to Ikes as "silver dollars" when talking to people not on RC. That's kinda just what they're called, even if they're not actually silver. If the description was honest I don't have a problem with it.

[avidbrandy]

yea I sell those on Amazon. $0.99 and $4.95 shipping. No I don't ask why. I just let it happen.

It's like selling $25 boxes of pennies on ebay for $48. Don't ask or it might stop working.

[rexmerdinus]

Yeah, growing up ( I was born in '77) we always just called any dollar coins "silver dollars."