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Love the fact that you gave your customer a warning that you’d have to charge too much for it, and he still wanted it. So long as everyone goes into a deal fully informed, it’s a win for everyone.
I don't buy coins as an investment. I am more interested in history, I purchase what I like from reputable Dealers like you and from the US Mint. So far I have done alright as far as purchasing some " Good Value" coins. They will I beleive, go up in value in time.
I don’t collect coins but interested in the hobby. I will NEVER buy coins from ANYONE as they are all a scam!!!!!!! The scams I’ve learned from this channel has prevented me in any good conscience from buying from anyone anytime for any reason. Including from the government.
Want killer deals on some great stuff, join whatnot if you haven't already. I see sellers get smoked all the time. Yet they still start the bids at $1?? It's literally the definition of crazy. They're doing the same thing over and over, expecting a different result? Get it while it's hot. Any seller that announces the price they expect to see is lucky to get 20% of that number.
This is the perfect video for someone entering or new to the hobby to understand that value when you buy is *your value*. If buying as an investment, check out Daniel's videos on that. I've most certainly overpaid for coins that were "hole fillers" to complete an album, or because the toning was definitely from a bag or unique. Buy what you like because you like it in your collection, but do your research first so you do not overpay.
Thanks i am not really into numismatic coins but have enjoyed learning about these coins and how a dealer views them. From Australia so not familiar with US coins.
Do you remember that you under graded your coins that you sent into PCGS? Remember, that coin books show the value of certain coins by what people have paid for them. I appreciate your videos Daniel.
Good show. About the same routine collections that I frequently assess for friends. I always hate telling them " it's probably not worth half what you think it is" but I try to be honest. Sometimes we get a winner. I do this for free, I rarely buy and not until they have taken it to one of the dealers I might recommend.
The most important thing is to research what you are interested in buying. Look at many different graded coins, this will help you have a better understanding of what a coin should look like in a range of grades. Eye appeal also plays a major factor in the desirability of a coin. It is also smart to look at various completed auctions, this will give you a good idea of what the coin you're interested in will go for.
Good vid Daniel. Coin collecting is a hobby, not an investment. If someone gets into the hobby thinking they will make money, then they should stop. There are better ways to invest money than coins.
What I have seen in this hobby, if you buy close to melt when you buy, then you stay close to actual resale OR buy graded slabs with ms 65 or higher OR a mix. If you plan on selling, melt or melt plus 5% is where a lot of dealers start on a good day or melt or melt minus 10% on a bad day. Rarities are usually not valuable to sell but expensive to buy. Dealers have to make a living too. A lot do iterations of grading that is bad for the seller but goes up a grade or two on their showroom floor. This gentleman's propriety means he usually tells you, I can sell it for this so I will pay you that, which earns him a Cheers mate! If a dealer buys at melt and sell for grade, then they can make a living. They cannot pay retail! Sell it on ebay and live through that experience but don't forget eBay takes a chunk too. Like this gentleman says: "enjoy the hobby." Even if you over pay, there is going to be some value just not a hidden fortune. If all you care about is investing stack gold and silver from your country. If you enjoy coins, buy what you like at the price you think is best at the time. There is more than one of the coins that catches your eye, find the one with the right price for you. Good video as always!
Speaking of “ inert”, I’ve seen a collection of Morgans in PCI Holders and all were blue toned on the edges. From another grader would these count as artificially toned?
I'm really just a stacker & don't care much about numismatic stuff, but I still like learning a bit about it because I end up being around it some in search of Silver & Gold. I don't want to pay someone melt value for a $500 coin out of ignorance.
Looks like the person enjoyed themselves for a time, and picked up what they were attracted to/interested them. More than that is like critiquing someones choices for lunch, if they like liverwurst sandwhiches on pumpenickle and coconut macaroons, who am I to say they should or shouldn't ?
Hey can I bother you for a plastic type container with a dollar sized slot in it? I'm trying to complete an 1896 P set with dollar ,half, quarter, dime, nickel, and cent.
Pure speculation but to me it looked like the collector dealt with change. He would put aside nice examples. Then eventually printed the labels and self-encapsulated the coins. Same for year sets as well. Would be odd to have so many holders that looked the exact same but were somehow unmarked. How would you know how to look to buy more of them if they're nameless?
Not sure why people buy so many high grade very common coins. OK to buy one of each for a type set I guess but would rather spend on middle grade coins that are more rare. As a collector I sometimes buy coins just because I like them without only looking at price. It does look they over payed on some of the stuff if they went by the grade listed.
Why were coins from a hundred years ago (that were 30-50 years in circulation at the time) typically worn slick? Whereas coins today that have been in circulation for 30-50 years typically show just a little wear?
No coin that circulated continuously for that long will show just a little wear. Coins where pulled from circulation, some multiple times. So it's not a continues thing or they would be slicks. No matter what decade they where mades.
@@CoinHELPu That makes sense, Daniel. I guess I was thinking about the nickels and quarters (clad) that were minted in the 60s and 70s. They are 50-60 years old but are not slick. But in 1950, if you picked up a buffalo nickel in your change that was only 30 years old (1920), it would likely be slick and possibly dateless.
@@EmilyTienne not in the 50's it wouldn't be, but remember a Buffalo Nickel date was in a bad spot and wore differently, so they're known for being dateless just like the Standing Quarters.
Hi Daniel, It would be great if you had a show on paper currency, I have an old $10 that is very large compared to today's bills. I don't know where to get it graded. Have a good day. I love to put type sets together, you can put what you want in there, I wish I did it long ago instead of trying to fill an album up.
@@buyystocks Not really. If you can get them at a great price, you should go for it. You can always remove the paint. Then you just bought Eagles for melt value & a few minutes of time.
You can't ask about coins people can't see in UA-cam comments. You can't post images so this isn't the place to ask, there's several help communities to use online.
Good Morning Daniel!☕ I guess maybe there is some rhyme or reason to such a collection. But I can't say the price of collecting in this case was reasonable!
When you collect coins they need to be precious metals such as gold or silver!!! Unless you just collect what you want and not to make a profit later!!! 🇺🇲
I buy coins for the silver/gold content only, for the most part. I don't ever try to pay numismatic premiums. When we get to where DC (both sides) has planned, in my opinion, the metal content is all they'll be anyway. Those premiums may eventually come back, but we're heading to another 1929 on steroids. I don't think I'm the only one who feels that way either. I see people as well as myself on whatnot stop the bidding right at melt so much. Could be a gem pcgs graded piece that normally goes for 100 to 120, but the brakes come on at melt or even less sometimes. Then comes the crying, over and over. Whatnot is blowing up on the backs of sellers looming bankruptcy.
not very smart collector as he will never get what he paid for these below average coins. some people should do a lot of reading about the coin hobby before jumping in buying basically melt.
Help please. I am from East Africa Ethiopia. Because of learning from I started coin collecting. However, it is difficult to find a buyer here from Ethiopia. Please can you help me? There are over 400 coins in my possession but I stop buying them because none of my coins ever sold. Help help please.
Keep the comments about the content, don't worry about how I pronounce words. We all have accents, and if you can't help yourself, excuse yourself to another channel.
Worthwhile? A box full of 20th century sliders...Well 1916 until now. Why bother? Doesn't anybody collect large cents, bust or seated coins? There is ABSOLUTELY NOTHING interse.ting about this stuff...kid's stuff for people too lazy to study and learn some.thing about what they are wasti g there money on. And did you think this stuff was worth the bother?
Thinking like this ruins hobbies. You think people know what you know or should, then trash them for not being like you. You must be a miserable person.
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Love the fact that you gave your customer a warning that you’d have to charge too much for it, and he still wanted it. So long as everyone goes into a deal fully informed, it’s a win for everyone.
"quit making people believe coins are worth a bunch " best quote EVER!!
Is it capitalism vs knowledge?
I don't buy coins as an investment. I am more interested in history, I purchase what I like from reputable Dealers like you and from the US Mint. So far I have done alright as far as purchasing some " Good Value" coins. They will I beleive, go up in value in time.
Really the correct way of collecting anything
I don’t collect coins but interested in the hobby. I will NEVER buy coins from ANYONE as they are all a scam!!!!!!! The scams I’ve learned from this channel has prevented me in any good conscience from buying from anyone anytime for any reason. Including from the government.
Want killer deals on some great stuff, join whatnot if you haven't already. I see sellers get smoked all the time. Yet they still start the bids at $1?? It's literally the definition of crazy. They're doing the same thing over and over, expecting a different result? Get it while it's hot. Any seller that announces the price they expect to see is lucky to get 20% of that number.
@@TheFunkymunky22your first sentence doesn't make sense
This is the perfect video for someone entering or new to the hobby to understand that value when you buy is *your value*. If buying as an investment, check out Daniel's videos on that. I've most certainly overpaid for coins that were "hole fillers" to complete an album, or because the toning was definitely from a bag or unique.
Buy what you like because you like it in your collection, but do your research first so you do not overpay.
Thanks i am not really into numismatic coins but have enjoyed learning about these coins and how a dealer views them. From Australia so not familiar with US coins.
Great video and the non-chalaunt attitude on values is the best idea for listening beginners.
Well done BrUdDeR.
Do you remember that you under graded your coins that you sent into PCGS? Remember, that coin books show the value of certain coins by what people have paid for them.
I appreciate your videos Daniel.
I don't always undergrade coins I send, PCGS is sometimes less conservative than I, that comes with the territory.
GOOD MORNING DANIEL AND THANK YOU FOR SHARING THIS KNOWLEDGE .
Good show. About the same routine collections that I frequently assess for friends. I always hate telling them " it's probably not worth half what you think it is" but I try to be honest. Sometimes we get a winner. I do this for free, I rarely buy and not until they have taken it to one of the dealers I might recommend.
I've been at this for a long time. I was sorta apprentice to Les Merkin in the late 50's. P.S. he was much better sax player than Bill Clinton.
I have lots of mint sets, but in a paper holder. I do prefer the plastic. Thanks for another
great video. Enjoy your day, Daniel.
Thanks for your informative video. As most of us know, buy the coin, not the holder.
Thanks for sharing Daniel! 😎👍
The most important thing is to research what you are interested in buying. Look at many different graded coins, this will help you have a better understanding of what a coin should look like in a range of grades. Eye appeal also plays a major factor in the desirability of a coin. It is also smart to look at various completed auctions, this will give you a good idea of what the coin you're interested in will go for.
Thanks for your knowledge helps me make better decisions on my purchase
Good vid Daniel. Coin collecting is a hobby, not an investment. If someone gets into the hobby thinking they will make money, then they should stop. There are better ways to invest money than coins.
Thanks for the show Daniel , I don't think AU should even be a designation since a coin is either unc ' or not , about is only in your mind !
What I have seen in this hobby, if you buy close to melt when you buy, then you stay close to actual resale OR buy graded slabs with ms 65 or higher OR a mix. If you plan on selling, melt or melt plus 5% is where a lot of dealers start on a good day or melt or melt minus 10% on a bad day. Rarities are usually not valuable to sell but expensive to buy. Dealers have to make a living too. A lot do iterations of grading that is bad for the seller but goes up a grade or two on their showroom floor. This gentleman's propriety means he usually tells you, I can sell it for this so I will pay you that, which earns him a Cheers mate! If a dealer buys at melt and sell for grade, then they can make a living. They cannot pay retail! Sell it on ebay and live through that experience but don't forget eBay takes a chunk too. Like this gentleman says: "enjoy the hobby." Even if you over pay, there is going to be some value just not a hidden fortune. If all you care about is investing stack gold and silver from your country. If you enjoy coins, buy what you like at the price you think is best at the time. There is more than one of the coins that catches your eye, find the one with the right price for you. Good video as always!
Thank you sir I love your channel
Speaking of “ inert”, I’ve seen a collection of Morgans in PCI Holders and all were blue toned on the edges. From another grader would these count as artificially toned?
I'm really just a stacker & don't care much about numismatic stuff, but I still like learning a bit about it because I end up being around it some in search of Silver & Gold.
I don't want to pay someone melt value for a $500 coin out of ignorance.
Daniel you good man god bless you amen
Looks like the person enjoyed themselves for a time, and picked up what they were attracted to/interested them. More than that is like critiquing someones choices for lunch, if they like liverwurst sandwhiches on pumpenickle and coconut macaroons, who am I to say they should or shouldn't ?
Like these videos also the videos on paper .t.y. Dan and you have a great day.👍🙏✌️🇺🇲
Very useful information ^^
If you’re looking at this through the eyes of a stacker is totally different to seeing it as a collector
most of these coins are very common and not worth much over spot.
Cool video.
I totally agree.
Hey can I bother you for a plastic type container with a dollar sized slot in it? I'm trying to complete an 1896 P set with dollar ,half, quarter, dime, nickel, and cent.
Send me an email at portsmouthcoinshop@gmail.com
We need to warn people about spending their hard earned money on plastic... this makes me angry
Good afternoon Daniel from Maryland. How are you Daniel?
Great lessons
Excellent commentary Daniel. I figure if it pays for all my bills? Great. I love the hobby and grabbing a "must have".
Daniel you good man got bless you amen ❤
Pure speculation but to me it looked like the collector dealt with change. He would put aside nice examples. Then eventually printed the labels and self-encapsulated the coins. Same for year sets as well. Would be odd to have so many holders that looked the exact same but were somehow unmarked. How would you know how to look to buy more of them if they're nameless?
Not sure why people buy so many high grade very common coins. OK to buy one of each for a type set I guess but would rather spend on middle grade coins that are more rare. As a collector I sometimes buy coins just because I like them without only looking at price. It does look they over payed on some of the stuff if they went by the grade listed.
Why were coins from a hundred years ago (that were 30-50 years in circulation at the time) typically worn slick? Whereas coins today that have been in circulation for 30-50 years typically show just a little wear?
No coin that circulated continuously for that long will show just a little wear. Coins where pulled from circulation, some multiple times. So it's not a continues thing or they would be slicks. No matter what decade they where mades.
@@CoinHELPu That makes sense, Daniel. I guess I was thinking about the nickels and quarters (clad) that were minted in the 60s and 70s. They are 50-60 years old but are not slick. But in 1950, if you picked up a buffalo nickel in your change that was only 30 years old (1920), it would likely be slick and possibly dateless.
@@EmilyTienne not in the 50's it wouldn't be, but remember a Buffalo Nickel date was in a bad spot and wore differently, so they're known for being dateless just like the Standing Quarters.
I believe there is a scammer for every type of business in which you can fool someone. The internet is full of scams and scammers...so buyers beware 🎉
The 1943 DDO Lincoln isn't original. It looks like the zinc coating was removed and left the bare steel.
It original, that is how they look.
I need help on how to organize and coin hunt. I got everything everywhere I guess I can go on forum and see about some advice on that
I'd help if u were in old pueblo
Interested in history
If people would just watch your videos and pay attention to them they wouldn’t be getting hosed by these fake slabs.
Hi Daniel, It would be great if you had a show on paper currency, I have an old $10 that is very large compared to today's bills. I don't know where to get it graded. Have a good day. I love to put type sets together, you can put what you want in there, I wish I did it long ago instead of trying to fill an album up.
You need to click on the bell for all notifications, I just did a video on currency. Thanks
My wife bought some colored Eagles and we got them for a great price.
ouch
@@buyystocks Not really.
If you can get them at a great price, you should go for it.
You can always remove the paint.
Then you just bought Eagles for melt value & a few minutes of time.
@@pewpewTN Long as you get them for Spot
Buy the coin not the holder...buy what you like from a dealer you know and trust!!
Very good advice Daniel
I wouldn’t go as far as very good ,but nice.lol
Was wondering if you have seen this quarter? Normal front, back has a lady and that is all.
You can't ask about coins people can't see in UA-cam comments. You can't post images so this isn't the place to ask, there's several help communities to use online.
I'm new at this as you can tell the picture is ownits way . Sorry it's going to be a 2023 Lincoln penny
You got to watch with Fakes and those holders not silver at all not to say those are I have no idea
Not too bad
Good Morning Daniel!☕ I guess maybe there is some rhyme or reason to such a collection. But I can't say the price of collecting in this case was reasonable!
We all make mistakes stacking. I am not a fan of slabs because most overpay for them… but to each, their own.
It's called don't buy junk slabed coins buy from the big 4 graders
@@darioperez5084the big graders are also looking for profits to stay a float , I'd say find those you can trust 🤗
@darioperez5084 It's the same way with Sports Cards.
If it's not Beckett or PSA the card is probably worth more without the slab.
If YOU have it, NO!
When you collect coins they need to be precious metals such as gold or silver!!! Unless you just collect what you want and not to make a profit later!!! 🇺🇲
Copper type coins can make you money too.
Most of my coins came at face price. I probably have about $50 in silver coins totaled. not much to some maybe,
It might not be massive, but $50 face value is worth at least a grand.
If you're talking about 90% US coins anyway.
I buy coins for the silver/gold content only, for the most part. I don't ever try to pay numismatic premiums. When we get to where DC (both sides) has planned, in my opinion, the metal content is all they'll be anyway. Those premiums may eventually come back, but we're heading to another 1929 on steroids. I don't think I'm the only one who feels that way either. I see people as well as myself on whatnot stop the bidding right at melt so much. Could be a gem pcgs graded piece that normally goes for 100 to 120, but the brakes come on at melt or even less sometimes. Then comes the crying, over and over. Whatnot is blowing up on the backs of sellers looming bankruptcy.
I have around 5500 silver coins and none of it it's in a holder. I live in Switzerland and holders are not common or popular in my country.
Uggg....more painted coins...why? 😒
What if it becomes an addiction and you can’t stop and 85%!of your net worth is metals. And I make a decent living $160k-185 a year :-/
I recommend being more diversified, and talk to a financial advisor.
I collect coins not plastic.
Can you look at this coin and tell me if you see what I see oh,yea hello my name is Patrick
I just don’t care for painted coins.
I have never, and never will buy slab coins.
It's called don't buy garage grading coins buy pcgs ngc
I've got a couple Morgan's in slabs cause we're bout the same money as non slab Morgan's. Thought bout busting them out though.
not very smart collector as he will never get what he paid for these below average coins. some people should do a lot of reading about the coin hobby before jumping in buying basically melt.
You are 100% correct. Won’t be a fun phone call with $ estimate!
Help please. I am from East Africa Ethiopia. Because of learning from I started coin collecting. However, it is difficult to find a buyer here from Ethiopia. Please can you help me? There are over 400 coins in my possession but I stop buying them because none of my coins ever sold. Help help please.
Scam
I'll take them for free if you can't sell them.
Come on…”Z” less, it’s pronounced, “Zel less”.
Keep the comments about the content, don't worry about how I pronounce words. We all have accents, and if you can't help yourself, excuse yourself to another channel.
Worthwhile? A box full of 20th century sliders...Well 1916 until now. Why bother?
Doesn't anybody collect large cents, bust or seated coins? There is ABSOLUTELY NOTHING interse.ting about this stuff...kid's stuff for people too lazy to study and learn some.thing about what they are wasti g there money on. And did you think this stuff was worth the bother?
Thinking like this ruins hobbies. You think people know what you know or should, then trash them for not being like you. You must be a miserable person.
Great topic. Thanks for sharing. :-)