Make Money Like A Coin Dealer - How A Coin Dealer Does It
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- Опубліковано 31 тра 2024
- Pros and cons on how to become a coin dealer or vest pocket coin dealer. Learn how to make money selling coins on the side.
Part 2 Of This Video • Insider Coin Dealer Se...
I love buying your (not so) scratch and dent grab bags, keeping the ones i want and mitigating losses by selling ones i have or don’t care to have. Daniel you are the most reliable coin dealer on the internet. One day I hope to shake your hand, man.
I know you are a mom and pop store. A brick and mortar store. You buy and sell to make a living. I watch the videos all the time and would have a hard time letting go of my coins. I love what you do, I just don't think I could though. Once again, 4 years later l. I'm still learning something. Thanks Daniel.
Tons of great advice in 7+ minutes...lots of good stuff here!! It took me a long time to figure out a lot of this stuff...thanks!!
Thank you!
I got a 1943 steel wheat penny I need to know where I can go in Moreno Valley California or Riverside California to see if how much it's worth I don't know what to do I am dyslexia and much more if you can please help me
My phone number is 9513852148 I'd appreciate if you can call me and let me know what I can do as wondering how much am I about coins are worth I got a lot of things I've been saying this for a long time and I have a 1943 silver copper penny and if no mark on it or no letter mark on it I don't know what to do with it is worth the money and I know it is
@@nataliebyerly8263 1. it's not silver, that's steel.
2. you said silver copper penny. If it's coppper it makes a HUGE difference.
3. No mintmark just means Philedalphia.
4. If its just a 1943 steel penny that Philedalphia, it's not worth traveling across the world
Thanks for the tips. I don’t plan to start selling, but I do appreciate thinking like a coin business person. It makes sense.
Awesome Daniel! Love it! I’d really like to start a side hustle in coins mainly to learn more and potentially years from now be able to retire and do it full time. Great information for starters. I read an article the other day talking about the shortage of coin dealers and how imperative it’ll be in the next 20 years as more collections are liquidated and not enough dealers currently to absorb the inventory. Super important to get more people into the dealer side of things.
Thanks. Good to see you commenting again.
CoinHELPu yes Sir! Been a little busy lately but have some sweet coins I’ve picked up lately I’ll have to post videos on.
Im young and looking to sell coins from coin hunting. Already found some interesting finds! It's good to have advice from someone like you to get into this hobby early!
Daniel is just a wealth of information.But Always ready to help someone....With good honest integrity.
I thought you said "or become the best f##kin coin dealer" 😂 I had to rewind it to hear the pocket coin dealer, but the first statement is pretty accurate for you!🙏
I always buy with the thought of flipping a coin or sending in for grading... however, it almost always ends up in my collection... I alwYs buy what I personally like....
I be at you...I have bought so many great flip coins in my life and I stare at them monthly cause they never leave. Lol
I collect coins and the only ones I sell are triples of dates and currency. Example: my third 2011 Brazillian 10 centavos coin. I would sell that. Do I buy coins to flip? No.
I did that recently: bought four Edward I silver pennies with the intention of flipping two or three of them. Nope. Soon as I figured out they were all different die varieties, straight in the collection they went.
Excellent vid my brother! Really seemed to be enjoying passing along your experience and insights to those just beginning their newest addiction, lol!and it showed cause you seemed almost excited in your delivery which made for a more positive and energetic flow. Keep em coming on content you feel,and bamm!peace
Thank you very much for your community services. Your advice is top notch and very much warranted. Im learning to sell coins for side money, by coin roll hunting, and your site's a treasure trove for myself as well as many, many others. Thank you once again.
I am new at collecting, and your info has been so very helpful. Thank you and look forward to your next video.
Genuinely enjoyed your video! Extremely informative and very well presented. As a new person you have given me a lot of information regarding the buying and selling of coins and no nonsense involved. Thank you 🙏 very much. R
Exactly the kind of video I was looking for, thanks!
I recognize that handwriting on the flips. I did a whole post in a coin group on Facebook about those. I don't know how someone could actively scam people daily, and still sleep at night. They sell raw coins, claiming they're DMPL, BU++++, etc. I guess the real mystery is why does eBay allow it?
Man, those are great ideas and information. You done good on this one. You sound really comfortable speaking and didn’t pause once. 😉😀
Great job Daniel.
I think I need to get this Gray book. I like your videos. Thank You
You did a really good job explaining coins in how yo buy and sell ...good job !
Great video and awesome information! Thank you.
Good, honest opinion and advice! Thanks man!!! ♥️
So much honest advice information. Thank you.
I'm learning from the antique store. I would recommend the wheat penny rolls from my antique store I have been going to. The monster tone wheat pennies I've got from them are worth the spending.
Lots of photos from Portsmouth ohio. If you have a shop down there. We are always down there for camping and watching the race track. Thanks for the information.
Great advice, thanks boss!
Love this video! Really appreciate all the time it must take to make these videos for us
I need some money Star coin business
Thank you buddy. I'm new at this and I'm having a good time. It's exciting to see what I can find. I don't think it would be this cool. I started when I of all things was the ice cream man. A lady paid me with an old 5 dollar bill. That my friend started me looking at every piece of currency that goes through my hands. Now I'm learning what the heck I'm looking at. Thank you brother.
In some states when you buy coins, you can't put them up for show for 2 weeks,because the police want to check to see if they're stolen,, to do is show you need a tax ID number,, and they really aren't that profitable anyhow,, you're better off bringing your stuff to a show and showing certain people instead of getting a table, or give the stuff to somebody doing a show on consignment,
Good advice thanks man!!
Damn!!! I Love the idea of setting up a card table at an antique store!!! 6 of them in my town....many with lots of coins but overpriced 10-20%. Bet they may sell at discounted price in bulk. Market yourself online being there and the antique shop will probably market for you too. Great Advice! Outside the box thinking always creates opportunity!
Yes it does
thanks for the advice Danny
Thank you sooo much for sharing!♡
Great advise! I've always been a buyer, but sooner or later I'll want to start selling some of it. Thanks Daniel.
Thank you
Solid Advice Daniel 👍
thank you I will follow so much to learn
Another great video 👍 keep em coming! Thanks for Sharing my friend
Thank you!
Daniel - another informative video. Succinct and unbiased. Great to see your view numbers are way up and subscribers climbing. Your participation on the CoinOpp video with Dustin should really increase your exposure. You have an Excellent channel. No hype
Thanks. Yeah, Dustin and Robert and I have been friends well before Coin Opp became big.
Another interesting video, thanks for taking the time to prsent this info.
Thanks Daniel, just what the Dr ordered,and great advice, Rick
Thank you
Love all the info and gelp
Thanks for the excellent advice. Out.
Way back machine. Great advice Daniel ! Taking a break from roll hunting (I'm almost 2 years behind on..) on a rainy day.
Good luck
@@CoinHELPu Thank you ! I had to edit my initial comment. No, Im not broke down although sometimes I feel like it. lol You knew what I meant tho. Enjoy the long weekend !
Great information. Thank you
Daniel another awesome video thanks for what you do .
Thanks
Love your videos, always helpful info that is greatly appreciated :-)
Thanks
Great video met you at Green hills today. When I get out your way I'll stop in at your store.
Thanks you and hope to see you at the store.
Nice video! Thanks for sharing.
South 23 and Portsmouth.....I grew up in Chillicothe !
I'm getting monster tone colored wheat pennies from the antique store in town. They pay for the rolls in themselves and so do the old higher condition bronze. Today I just bought an entire capsule roll of arrowhead pennies. If I like what I see I may buy the other 3 left out.
Love your videos sir. I started collecting/stacking a couple years ago for financial security down the road and recently started to buy and sell to make a little extra to buy more for my personal collection. I’m still learning but you expertise and knowledge is very much appreciated. I feel like I’m on the right track.🙏🏻✌🏼
Best of luck!
I am a new just started collector. Maybe invested for a little bit of cash. Well just wanted to take a minute and say THANK YOU. Your knowledge has been very very helpful for me. Once again a BIG THANKS From PUERTO RICO. Keep up the good work your passion shows thru your show.
Thank you and you're welcome
For me, I try to make back as much of the money that I spend on coins for my collection as possible. Generally I will typically aim for a year and mint that has decent value higher grade as well as potential errors and then buy a few rolls. Recent example would be buying 2x $10 rolls of Kennedy halves and finding 3x DDOs that I am sending off for grading. The profits form that will wipe out the cost of the rolls and a few others besides that didn't have anything I wanted to on-sell.
Thank you for the information. I enjoy your videos.
Thanks you!
Another excellent scratch & dent purchase!! Thank you again. HIGHLY recommend!!
Thanks again!
Great info thank you
Just got tired of relying on coin roll hunting and now taking things farther. Of course I am still going to coin roll hunt in between because it's enjoyable.
Thanks very much.daniel.great video.
Thanks!
Another awesome video.
I’m having fun just buying right now. Trying to organize and focus on priorities. Should I continue to grab coins Willy nilly or focus on specific criteria?
Great videos, Daniel. Sadly; that rusty old safe is still lurking the pages of Ebay. LOL
Nice video. I will add learn to grade. Take the ANA grading course and counterfeit detection course. For example Morgan dollars, MS63/MS64 are a good alternative for stacking silver and give you a "grading set" for comparison in the beginning. Same with Lincoln Cents. Focus on these two popular series. Learn to say no and walk away.
Thank you
Lincoln cents are still underappreciated but I really have grown quite fond of them humble pennies and especially the rainbow toned specimens I got from banks rolls. Found quite the handful of gorgeous wheat pennies from the antique store in town.
I want to specialize in making a living off of pennies. It may not be as good as selling silvers at times but if I enjoy the pennies myself it's rewarding. I just only ask that the pennies are taken care of.
That was an awesome video. Thank you.
Thank you
I have a large and diverse coin collection and I have flirted with the idea of selling some groups off but it is hard to let them go knowing the low offers i will receive. these videos are great
Just have it appraised for insurance by a couple dealers, then you would know the value better.
Great video thanks for the info 👋
Very nice advice. Hope to visit you soon
Thank you dan great video you have a good day.🇺🇸
Very sound advice.
Thank you for information
First time viewer on your channel. I do buy and sell part time (just under 8 hours a day and have two other full time jobs). Just a few thoughts- Instead of "don't buy carded coins that are written on" don't you mean do not base a purchase on what the card has written? It seems that you will have a good portion of your audience overlooking great buys if they follow this as a rule of thumb. Also, I would affirm the local auction statement but only because I want to steer your 4,500 subs away from where many of the best deals are... I don't need the competition. The coin shop dealer table idea seems brilliant. Thanks for the content.
I am a full time dealer and own a brick and mortar, as well as travel to 2 or more shows a month. In our area when they announce a coin auction, it's packed and bidding always goes beyond the point of being profitable. Always exceptions but just the basics here. When you have to think about profit margins local auctions are not the place to consistently buy coins.
Also I show an example of the cardboard labels I speaks of they're all over ebay. I see carded coins online all the time for sell and I have yet to pass up on a good deal. I look at the coin only. It is the best advice for a newbie. My video was not for the seasoned buyer and seller.
Thanks for watching and commenting!
I get you. Like the old adage "don't believe everything you read".
@@ValueHunter7947 I agree, I believe what I experience first hand multiple times, until it is proven I am no longer in my right mind anymore. lol.
Thanks for you comments!
Buy low. Sell high. Repeat.
Daniel I'm in a bind here. I bought some junk coins from local Bulion dealer who really doesn't care about collectability neither do I. But when he sold me a bag of various coins Kennedy's, Benjimin's. Washinton Quarters, and Mercury dimes he said they are all in real good condition. Nice I'm thinking I'll get good price for melt. But to my shock I went through almost all the coins and found about 20 Kennedys in MS63 condition,30 in AU50 condition all 1964 . Then the Benjis 20 AU50 and 20 EF20. 20 Standing Liberty in F20-30 range. Washinton quarters about 40 1964 D and Philly MS63 condition, 40 various years in AU50 range,50 various years in EF20-30 RANGE a couple 39,39S.43.43S in F-30. I'm sure in the hundred or more Washington's there's got to be some error mints. The Mercury dimes I have 20various dimes in MS63-60 RANGE. 20 in AU 50 . 100 IN EF 20 RANGE.. And 1 nugget found in purchase 1875 Sitting Liberty in MS63 CONDITION.
Would you be interested in buying these I'm not a collector but stacker would like to trade value for junk coins as these coins are worth selling individually. All are worth double or more than spot. I trust you enough to send whole collection they are individually in Malyar cardboard, or capsules and vinyl flips. Please contact me if we can do business.
This is typical constitutional silver now, we charge the same for the same coin conditions. Premiums are so high they're not worth more at this point in time.
Great video thank you !!!
Thank you!
Thank you for your video on how to sell your coins. It was also nice of you to give tips on how to buy right to profit.
You're welcome
I'm just starting out and I just love your videos. So much great info. I have some 82 copper pennies are they worth getting graded? Good shape.
Here's my video on that subject ua-cam.com/video/Ju_FaG5wo3o/v-deo.html
Depends on the grade and the year. Buy The Official American Numismatic Association Grading Standards book and buy the Mega Red Book. You can buy it at any book store, coin dealer or buy it on line. It is an investment it is worth shelling out the money for the books. It will take practice, reading and learning from sending out coins that are worth being graded. Write down the grade that you think it is from looking at grading pictures and reading the description. Then compare it with what the grading service graded it as. It will take practice and years but you will get there. Also join your local coin clubs and you will gain knowledge from experience collectors and dealers. I would only stick with either PCGS or NGC NGC is cheaper to grade errors my regular coins I would use PCGS but NGC is better for various other reasons it all depends on what type of coin you are getting graded. If the coin value is less than the grading fees I would not bother getting it graded. But a graded coin does increase the value. I hope this has helped.
Thank you brother God bless you
Good information pal thanks
Thankyou very much for you helpfulness information.
You're welcome
We are Enjoying your COIN Dealer Videos that discuss the REAL Prices when We Park $ On 1908 Saint Gaudens Gold Coins! 😉THANKS Again for Your Inspiring Interests in the COIN World 🌎 Global Market!
Thank you Daniel
Manners matter. Well said sir, thank you so much!
Excellent video. May I also recommend they invest in a Sigma Precious Metals Verifier?
Yes. It would be a good idea. Thanks
thanks for telling it like it is.
Funny I've never heard that term. Vest pocket dealer that is. I've been a collector of many things including coins since I was 10. I'm 46 now. Now I know. Great video.
Thank you.
I picked up a ms 64-65 P VDB from the store worth more than the 35 dollars I paid. Bought a 1931 S wheat there too. The 85 dollars was worth it though for an AU-55
Buenas tarde mi pregunta cual el precio de la moneda de lincol de un centavo de 1982
The dealers that I deal with here in Spokane I find it is good to buy their higher end stuff because these guys are fed up with the grading companies and they were just rather push it out the door.. I have had several tell me myself feel free to send it off they don’t want to take the time.
Thank you! You have probably forgotten more than I will ever know! I love your channel! We watch via the cable box so you are missing our thumbs up! on the videos. We've enjoyed all of them, happy to have found you!
Thank you!
Morning Daniel, tks for the video, This one has some of the most expensive business Tips that a person will never have to buy. If a person was wise they would save it as a favorite for a future reference. Good luck and God Speed to every one on 'Daniels' Island'
Thank you!
Nice looking shop hope to meet you soon
Great Video.
Great job
Just a slight grumble, Daniel Why can't I copy this video? I occasionally do it for reference only? We have spoken before & I love your general heads up, as you are so truthful about the simplicity In the way, you come across & as an adviser. Many thanks all the same, Bud!
I have no idea. I didn't do anything different that I can remember. Maybe send a support ticket to UA-cam?
Thank you
Thank you!
You're welcome
It's simple, buy low and sell high. Money will be made!
LOVE IT
Do you sell bags of junk coins..my daughter (young) has really gotten into coins! I have collected s few over the years and have dome some really old ones that I will keep forever,left by my late grandfather! How much would a junk bag cost and what would variety include? We only have one coin dealer in my city! I love your videos..very informative! Thanks so much!
We haven't sold any junk bags of coins but I can make one up. I would give you a good deal. Our email is portsmouthcoinshop@gmail.com
Odd comment but where did you get the display cases? Love the vids
It’s not my shop so I don’t know
Good stuff
What would you buy a gold eagle 1 oz for ungraded/ unslabbed but is authentic.
We pay 92 to 95% of melt. Usually 92% when gold surges because it always comes back down.
All great tips. I heard that it's a good idea to take gloves to your lcs. Probably not necessity but can't hurt. Great content love your videos. Thanks for all your work. All the Best ~ Shirl
Thank you!
@@CoinHELPu You're are very welcome and really are great at what you do. ♥
@@ShirlBussman I am flattered
@@CoinHELPu I always tell it as I see it. Have a great day. ♥
@@ShirlBussman You too