AVOID THESE 10 COIN COLLECTING ITEMS - PROCEED WITH CAUTION
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- Опубліковано 25 чер 2024
- READ THE DESCRIPTION BEFORE WATCHING!
In this video, I set out to identify 10 items that I would avoid purchasing when coin collecting from a resale perspective. However, it's super important to remember that fun is still at the forefront of collecting (it is a hobby, after all), so this video is more directed at people who are wondering if their items are good long term investments. I have bought tons of these items (I think 5 or so) and don't regret most of them, but I do want to caution people dipping their toes into the hobby that some items won't resell very well at all in the future. From modern commemoratives to newer proof sets to plated coins to Etsy finds to unsearched eBay lots, know what to look out for so that you don't get hurt down the road!
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I've been a numismatist for 55 years. This is a good video. He's basically saying if you like the coin, if it appeals to you then buy it, but just know that you might be buying something that will bring little or no return for your money. Buying coins because you like how they appeal to you is very easy. Buying a coin that will increase in value takes lots of education and research.
Really like this comment. Going to pin it so others can - summarizes the video very well.
My father was an amazing numismatist and I've picked up a lot from him. He's since passed but I remember all he taught me and one thing aside from making a purchase that will reward a nice return is that he also told me if it's not that important for me to make the return and I like the item I want then, by all means, buy it. It's all a matter of personal preference, not always about the money. After all, I'm not a greedy person but do purchase items with considerable return value but items I just want to have too.
Sir i have american phillipines 1907 coin.
I don't know that I've bought ANY coins as an investment. I collect mainly ancient coins, but have some other because I like them. My heirs can get the money when they sell.
Yes, not all collectors do it for a huge profit. I do it for both, my father was a numismatist so I've learned a lot from him but I too buy some items, not for profit but because I do like them.
Once again a top notch presentation by this young man.
Thanks Michael!
It all makes sense. Sometimes I buy stuff just because I like a coin, not for investing.
My 17 year old son, who is a total Capitalist, thinks I'm stupid for buying something that won't be more valuable in the future. 'It's not your money kid, leave me to my devices.' 😁
Just my opinion:
You should include visual aids.
Nice information though :)!
Will try to do more of them in my upcoming vids! Thanks.
@@TreasureTownCoins how do u feel buying from amazon.. I'm a new silver collector thanks
I collect bicentennial quarters, I keep them when I find them in my pocket change, I don't expect them to be worth more than face value.
They're fun to have, especially at face value.
I collect the ones i find, but dont shop for them to buy.
Same. They were my favorite coin to collect as a kid. I actively search for them when I'm coin roll hunting. They are good album fillers.
I used to horde them hoping to find a silver bicentennial, but after I'd get about 16 bucks worth I'd swap them at my local shop for an ounce of silver.
Susan B Anthony's love em
I haven't actively collected coins since I was a teen, and I'm 65 now. I have watched a number of your videos, and you are an unending source of sound advice. Thank you for giving such good counsel to anyone who will take the time to listen.
That's awesome to hear! Thank you so much for your support - welcome to the channel!
I've always been skeptical of the "unsearched" rolls and bags of wheat pennies. Even assuming the seller was honest and the seller never searched them the pennies did come from someone and that someone very likely did search them.
Definitely agree with you on that one.
Two things I think you missed. 1 I have seen " collector" coins advertised with one side having a colored commemorative. Most recently one for the moon landing, the one I actually saw appeared to be a sticker on the coin.
2. Buying unsearched rolls, buy them from the bank. At least you won't lose any money that way.
I think you're correct with those ones!
I subscribed a while ago, and I appreciate that you are about valid, truthful information, rather than screaming at the beginning of the video, and planting bait terms in the title. You may be young, but you know what you're talking about and that's what matters! Good job 👏!
First off it’s nice to see younger people that still collect coins. Great advice to I’ve been collecting for awhile and have made a few of these mistakes. The part about Ebay and the rolls of Unsearched coins is 1000% correct 99% are fake
Thanks man! The unsearched rolls are not too good. I buy a few from time to time to search on this channel but that's about it (and I know going in that I won't do well).
I had a cousin that was a professional coin collector and seller and he always told me that if you collect junk then you have a junk collection...
This is my favorite coin channel. You’re videos are very informative and offer info that’s not the same as every other youtuber. Keep up the great work
Thanks so much, Hunter! I try to come at it from a different angle - appreciate that you pick up on that!!
Great video! I remember buying my first "grab bag" on eBay. Biggest coin buy mistake I've ever made. Never bought another one, and I've learned the rule to always make sure you know exactly what you're paying for.
Thanks Kendrick! Probably worth the money for the lesson (though I hope to provide it for free :) )
Captain Picard wants his jacket back, please...
Hahahaha
He'll take the hair too.
Hey, I did post the same thing! So funny you already posted this Lol! Next video Data face!
@@VicGreenBitcoin The thumbnail reminded me of the Mark Zuckerburg PIC testifying to congress where they made him look like CDR DATA!
@@TreasureTownCoins you need to change the logo on your Picard jacket to Starfleet.
I appreciate the knowledge me and my grandsons are starting to collect and I'm glad I watched your video
That is awesome!
Thanks
It’s my grandson and I . Where did you go to school Disneyland ?
Fantastic video, especially for those who are novice numismatists. When I started coin collecting, I wish that I had heard these pointers. As it is, my early buying blunders weren’t generally too egregious, and, even though my first coins aren’t worth much, they have a lot of personal value.
Exactly - a lot of memories tied up in those old beginning coins we started out with.
I don’t think I have much to worry about because I don’t buy coins. I find them in the world. That is the fun part for me! Going to vending machines and putting the quarter in until you get a collectable, or switching them out with your normal change when working with a cash register. It’s more like a coin hunt for me
That's pretty cool!
Captain Picard, that's hilarious. Thanks for mentioning it. I hadn't noticed. We all need a good laugh.
So True, It made me laugh
EXCELLENT information!! I agree 100%, it is mainly about the fun! I also agree that it's equally important to always be buying coins that will add the best value to a collection.
Thanks! Glad to see others on board!
Very informal video. I'm a seller and collector been one for a few years. I get so frustrated when I see scams on Ebay and other sites. To me it's completely a disgrace to the hobby. I honestly think some of these frauds should be penalized or even booted from the Hobbie some of these sites can enforce this to a degree but for reasons I know not choose not to.
I think he did a great job! When I look around and see the video game junkies and the young people with their noses glued to their phone it is very refreshing to see a guy this age who is far ahead of the pack in my mind.
Appreciate it Greg! I have a lot of fun collecting and wanted to give my thoughts for others' benefits. Thanks.
@@TreasureTownCoins I just started collecting and ran across your video. I thought the content was great and the video was professionally done.
@Blue collar Gold pockets You misunderstood my comment obviously.
I thinks it's refreshing too. I am a vidoegamer and new to the art of coin collecting
@Blue collar Silver dollar take it how you choose but I thought I was encouraging him and commending him.
I thought the video was very professional.
Even an old guy like me can learn from him.
I think you read way too much into my comment.
I get excited to see such a young educated coin collector. Its great
Watching our younger generations teach one another!👍👍
This video came up as a recommendation with my metal detecting videos, I haven't got a clue about American coins but I'm enjoying it & thank you, so watching while sorting out my medieval coins found here in Oxfordshire England
That would make a nice video.
@@Gumardee_coins_and_banknotes
Thank you sir,
When I've sorted them all out after a house move & can work out how to do it, I might give it a try.
Thanks! Good luck - I hear about some cool medieval trove finds from time to time - hope you find one!
Always so informative, thank you!
Glad it was helpful!
I think you did a really good job. Good advice. Pleasant voice. I like how you say that having fun is important. I collect coins because my Pop did, and I do not collect with the intention of reselling someday. I do the worst thing possible to my coins. I polish them, because I like them shiny. My hopes are to pass them on to my kids who will continue to keep them in the family, not for their worth, but, for their historical value.
Hey Eric - totally can relate! I also keep my collection small (and not optimized value-wise) since I appreciate the history and fun that goes along with collecting. Thanks for sharing your story!
You are a sweetheart. Morals...not money. My kind of person
God bless 💗
Very advices for new coin collectors.
Well done.
Keep up the good work and make coin collecting more interesting.
For me, i will keep silver coins with resale values in case of rainy days.
The young man has an awesome Way of demonstrating facts .But the Best part !is the love for the hobby he represents himself and explains the facts that are meaningful very well ty
Thank you for taking the time and making this video. Your videos are always straight to the point, I'm never left guessing afterwards what you meant !
I appreciate it!
Collect what you want to collect. It's as simple as that. Buy and collect what makes you happy.
Exactly!
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Smashed the like button! Awesome information!
Agree with all of it & as a newly retired & new collector came to those conclusions with not too many missteps so far. Ty
Awesome! Thanks for the comment.
Good video. I also recommend people avoid problem coins, cleaned, altered, etc...
DEFINITELY!
Well cleaned coins are ok in my books as they cost less at my lcs. So for a collector with less money a cleaned coin for cheap could be his purchase for the day/week. Not all cleaned coins are terrible in my opinion.
Why does cleaning or buying cleaned coins matter I’m new to stacking
Generally avoid them, unless it's a major Doubled Die for the series or a major error. I have plenty of problem coins in my collection. Kept them, because I found them myself CRH. A good amount have some value.
Since many modern products from the U. S. Mint have lost value, you can often buy them on eBay for less. Also, I *THINK* there might be some "sleepers" among the commemorative dollars. They hit a bit of a low point in popularity in the 1990s and thus you can find some with incredibly low mintages. For most of them, most people originally bought the proof version, and thus the uncirculated strikes have lower mintage. (My favorite is the 1994 P.O.W. silver dollar in MS70.)
Could be a good point! There are some of those commems that are very expensive (I think the RFK one is). Makes sense. There are also some cool events people could have personal ties to that would make it worth it to pick one up. Thanks for the comment.
I really enjoyed this and all your shows keep up the good work and your advise is excellent !!
Thanks so much Kevin!
Thank you for this video! Really appreciate it! Very honest and genuine intention.
Glad you enjoyed it! Thank you.
Thanks for all those do's and don't's. I probably would've fallen into some of those traps. Thanks again for a very informative video.
Glad it was useful!
How many times have you been asked “I have a steel penny, how much is it worth? (No description, no photo) these people are nuts. 😂😂🤷♂️🤷♂️
Hahaha too many times to count
Very sound advice, especially with point #6. I see a lot of people collect worthless clad coins. They have binders upon binders filled with regular coins, then they get demoralized when the coin dealer offers them face value for all of their worthless coins. It's similar to people who buy cheap jewelry or gold plated jewelry, then get mad when its time to sell it and get offered nothing for it. It's better to save up for that gold necklace, because when it comes time to sell it, you know that the money is still there. Same with coins.
Excellent information! Education is the best thing for the hobby. Thanks for posting!!
Thanks Ontario! Appreciate the support.
My favorite way of collecting coins is finding them in my change (silver coins) or finding them when tearing down an old building or under old carpet when replacing the carpet. When I have more free time, I'd like to use a metal detector in farm fields where homesteads used to be to see if I can find any old coins. About 40 years ago, I found an Indian head penny laying on the surface of the dirt in a former barnyard behind my childhood home. It was well worn, but still cool to acquire an old coin that didn't cost anything.
That's really awesome!
I bought a home built in 1957 and during the rehab we found a peace dollar in the wall! Apparently that was a common practice back then for good luck, 16 years later I still have the coin 😊
I love collecting Eisenhower dollars; I know they are clad but it reminds me of when my dad bought me some and I was mad because I couldn’t fit them in my piggy bank 😂😂😂.
They are super fun! I have a bunch that I just got rid of actually but it's a neat series. Some cool errors.
I love the 40% silver Ikes. They're rare, but they fit in well as a modern counterpart with the Morgan's and Peace dollars. :)
If the Ike dollars had had high relief it would have been a nice coin. That is what I always hated about the Ike dollars they almost have no relief at all. The only decent ones are the proofs.
That was and is simply adorable 💗👌☉👈
My father gave me a `74 D Ike Dollar when i was child and i still have it 😎
Sounds spot on to me in all instances. Good job!
Thanks so much for the info, I'm just starting out as a hobby but by the same token it's always great to know what to invest in and what to generally watch out for and wasting good money on crap. I've already made one mistake of buying a few fakes. But I'm learning and your videos are a great help. Thanks so much !!
Thanks! Glad that I can be helpful!
I collected a full set of the modern commemorative half dollars. I know most of them aren't worth much or ever will be, but I bought them, cause I liked them. Same with the modern mint sets and proof set and the silver proof sets. I don't plan on selling them. Just wanted them to keep them and update them every year.
It's really fun to get involved with a collection / set that you enjoy collecting. Sounds like a good plan to me! I also collect for fun and not for the money - I just like informing people so that they have the full range of knowledge available when buying.
I started collecting older half dollar commemoratives. I have a 1935-S San Diego half and picked up an 1892 Columbus Expo half. They are both really cool and in fantastic shape. Both coins have great stories to tell.It was fun to read up on them and their true purpose at the time they were minted.
I like your opinion alot. Seriously...i roll my own cigarettes alot..and I can grant you I know it's the same darn tobacco at the end of that smoke. EXCELLENT ADVICE ON BEING CAUTIOUS
THANK YOU CHRISTIAN 💗
Thanks!
There was some very good advice on this video. I do buy things that I like personally. They vary from Harris albums that I like to fill in all the way to NGG and PCGS registry sets. I don’t have to make a living off of coins. I understand the points that were made about what a coin shop pays for certain items. Personally I like to buy a proof set from every year. I have done this since I was a kid when there were silver in the sets. If you like proof sets, collect them because you enjoy them, not because they are a good investment.
Treasure Town, you keep making these videos. I am so happy to se a young, KNOWLEDGEABLE collector making intelligent videos. ❤️😎❤️
All of your info correlate well with many of my LCS and bullion dealers as I spoke with them periodically. Thanks for your honesty to discuss most of the issues in the coin collecting world.
Glad the info seems solid! I do my best. Thanks so much.
@@TreasureTownCoins Anybody with common/rare sense will understand your points. You laid out your presentation well enough so people can follow easily, Keep up the good work.
Agreed. Although, for everything on this list, if it holds sentimental value for you, then sure go right ahead. I assume you agree with that but just didn't say.
Totally! I think I tried to allude to it... definitely agree.
I went into a small grocery store bought a roll of quarters a personally rolled One .came home opened it it was all collectable quarters and error quarters a dime plan-set filed quarter I can’t spell .i was holding a estate rolled roll .it felt strange to hold somebodies collection knowing the person was gone .With out cashing in them .
As a cashier i got a full roll of 1943 steel pennies, along with a bunch of other penny rolls, all sorted by year, lotta late 40's and 50's. I know they arent worth anything much over face value, but obviously they were someone's child/grandchild taking an estate collection and buying fricken cigarettes with WW2 history, and about 20$ in pennies grandma had been holding onto for 70 years. It was sad to see.
Very informative video . I'm not a coin collector more of a silver collector . If I'm attracted to a particular piece I'll buy it . There are so many interesting & beautiful coins & rounds out there I've found no need in stacking. It takes more time but I rather buy 20 different pieces that I really like then a tube of all the same coin , round or bar . This is my favorite channel to get information from they have definitely saved me from making bad buys . I hope you keep the info flowing . It's impossible to learn to much . I hope every one has a blessed & healthy day ! Peace , Love & Happiness
Leon The Old Hippie
Thanks for great information that’s very helpful keep up the good work
Glad to provide it - thanks for the comment.
Oh man, I just liquidated my 401k and spent it all on Trumpbucks.
Highly respect your decision to keep business and politics separate. Love the videos and your attitude. Thanks for the knowledge
I appreciate it! That way we can focus on the coins and not worry about that (same with my professors, I appreciate them separating viewpoints/class material). Have a good one!
But, the only person mentioned on a coin was trump :/
If we're leaving politics out of hobbies (and I'm all for that!!!), then let's leave it out completely ;)
Nice young fella and I mean no disrespect, but stick with what you said.
Should have left that out completely.
Comes across as you just needed to mention him for whatever reason.
@@davidgrove481 Trump coins are a perfect example for what he was talking about. It's not political to mention U.S. presidents when talking about coins. Think about that for a minute. Also I'm sure there are a lot of new coin collectors out there who should know the Trump coins they bought are not from the mint. What other modern example could he have used for the subject he was talking about?
I like your honesty about giving your opinion as opposed to fact. Makes me feel more open to listening to, evaluating and deciding on if I will or will not follow your advice ;-)
First timer. Just subscribed. I've seen a number of programs. Best over all show I've seen or heard. Most of us want to make this (coin collecting) profitable. I learned a lot. Thank you. Keep it coming. Part two?
Really appreciative of the comment! I'll try to make some follow ups in the future!
this guy when at my age will be rich. I'm sure about that, keep this going and you'll be retired soon.
He looks pretty rich already to most people.
Never buy high premium new 'collectable' coins. Anything that is advertised as rare or limited is not going up in value. In Australia I can pick up 30 to 40 year old proof sets for about double the price when they were new. That has not even kept up with inflation.
I'm skeptical of the Lunar series from the Perth Mint too. To me this is just a cynical marketing ploy to rich Chinese. If the coin is gold or silver? Great! I will back up the truck and buy (assuming the premium is low). But if it's cupronickel? Forget it. Never. Same goes for all coins with paint on them.
Nice video. The two main points of collecting are that "You are enjoying what you collect.", and that the coins have "Eye Appeal". What I mean by "Eye Appeal" is that you can have two MS63 Large Cents. One is mottled, has lots of small marks, and just doesn't look great, but for some reason, the grading service considered this coin MS63. The nice coin has great colour, the marks are insignificant, and has original luster, and great sharpness. The main thing is to have fun.
I collect US Braided Hair Large Cents, Lincoln Cents (knowing that most will not be worth much if resold), and I collect our of circulation the State and Parks Quarters. My only enjoyment on the quarters is seeing if I can collect each variety and mint mark. It's kind of a game.
Have fun everyone
I’ve been watching you for so long I didn’t even realize I wasn’t subbed bro haha 😆 I literally just saw I wasn’t I’d always just type your name in and amazing video with AC!!!!!!! That was an amazing video ! So knowledgeable!
Christian as I said it before , you're knowledge on coins is amazing . Thank you for the info. God bless y'all
Thanks, Gus!
The only one I disagree with is the barber quarters makes sense getting them in higher grades but the survival rate on some are low
Good point. I think that's the weakest case.. might be difficult to recoup the value in twenty years or so though.
Yea I agree with u I think even in the long run they will hold their value or even increase since they are getting harder to find.
Great ADVICE half way through the video. Thank you and keep it going.✌
Thanks Margaret!
Great Video as always. You rock man.
Love these videos.........maybe you could make a video on platinum......could be a good time to buy ?
I actually don't know a ton about platinum - I will research and maybe make a video!
Coins are a very tough racket when you try to make money on them. Most of the time you can't even get close to what you paid for them. Great video..
Great advice. Keep going with it 👍
Great video, I learned a lot from this,you were so open and honest and I appreciate that, but I have always avoided those coins from a mint that's not the USA mint
Thanks Kenneth. Sounds smart to me.
We all been burnt on ebay with thoes unsearched bank wrap rolls with fingerprints all over them! Lol
Yeah! Stay away!
Wheat pennys here.
Haha! I remember getting burnt years ago on 1969 s LMC rolls I bought off of eBay. Although, it was my fault though! 😁
If you want coin rolls, why not go by the bank and buy direct from them?
Thanks.
Thanks for this excellent advice. This was a great video and some good things to know!
Great info for a new collector. Thanks!
Unsearched coin rolls is a scam, but "grab bags" are a sure-bet. Lol.
😂
Hahahaha thanks
My thought on "unsearched rolls" is the seller may not have searched them but whoever sold them to the seller certainly did. They have likely passed through several filters before reaching the seller. What does one do with hundreds of loose wheat pennies bought in unsearched rolls....perhaps sell them back to the seller at face value? Then if he doesnt search them he can honestly claim them to be unsearched and resell them.
i'm not collection to make money i'm collecting because i like collecting
Very much appreciate all your information God bless you and keep up the good work
Yes YesYes!!! Great advice! I really respect your honesty and opinion on coins! Wish I had UA-cam when I started collecting!👍🏼😊Lots of Love Bobbi 👍🏼🙏🏼
I’m putting all my money into Big Mac coins.
Hahaha
Lol, I have one of those.
Love coin collecting, it’s so fun and it’s has one of or the best community around it!!
Same here! An awesome community.
Great information. Thanks for sharing
Thanks for the info bro I am watching and learning
That's what I like to hear!
Premium is far too high on modern commemoratives & Proof sets.
Totally agree!
Premiums are way too high on silver also, damned if I’m paying $30 for an ASE!!
What about #1.25 and #1.75?
Great job you have there.
Keep an eye out for #2.125!
Very informative video. Thanks for sharing your experiences.
Thanks Jack - glad to share.
Nice video. Well thought out. Much appreciated! I especially agree with avoiding buying graded bullion coins. Thanks! T
Thanks for the input!
Nice captain picard jacket dude
Hahaha
@@TreasureTownCoins It`s Epic!
Great video. I just subscribed! Here is my question: What is the best way to sell off lower value coins? Ebay? Coin shops? I look forward to your reply.
eBay definitely has more premium! But it could be pretty time intensive.
I buy unsearched OBW rolls from local dealers. An one day I got 1968 S lincoln memorial cent roll. All of the cents have doubling. I cant remember if it was ddr or ddo. But very cool coins. But, your are correct for this advice. Any new numismatist would be lucky to stumble on this video, well done an well said Christian. Great job, thanks for the hard work an efforts young man.
For sure! And nice on that 68S roll!
Great Video my friend, great info for people just starting out coin collecting! Thanks for sharing! Liked and subbed!👍🏻
Thanks! Agreed - appreciate your comment.
I believe a true collector should coins for the beauty of them
Don't change a thing Christian. Your are "Spot" on, with this video. You have got such a bright future ahead of you in the Numismatic World.
Appreciate it, Aframe. Thanks so much.
Love the information for a new collector.
Very Informative, Bravo !
Thanks for the video. I just started getting into coin collecting for fun. I’ve more so been collecting what I think is cool looking so far and not what is rare. I bought a couple silver eagles but other than that it’s mostly been random coins I thought were neat. I think eventually once I know more about the coins and do my research I will look into getting more rare, valuable coins
Smart kid. 👍
Hi! I’m new to coins and really like your channel!
One thing on this video that would be really helpful for newbies like me is showing the items you’re talking about.
I have no idea what some of them are, but, thanks to you I’d never tell a coin dealer that 😜
Very informative. Thank you.
Appreciate it!
Congrats on 21k subs👍 I just hit 250 a few days ago 🙏
Thanks so much! Keep at it.. with some hard work you can achieve big time on YT!
Good video overall, but one nit to pick. An AU 55 Barber Quarter is a nice piece. Good type coins will always be in demand, and not everybody can afford a MS 63 stunner.
Good point. Definitely better than most investments (I'd probably buy an AU55 when I get around to it for my type collection). I'm just a little skeptical about long term value, but agree that it's by far much more solid of a buy than some of the other items seen here.
Hey, its always good to a bit skeptical. Great to see new numismatists who take the hobby seriously, and add good content!
That was my nit pick too. I actually prefer older circulated coins EF or at least VF. EF shows the design of the coin quite well to me. I collect coins out my interest in history, with a circulated coin I can think of who may have carried it a hundred and fifty years ago. I am buying history not an investment. I had wondered about all these new coins from the US mint, if they were anything to bother with. To me it seems the mint is turning into a souvenir stand
I agree Glenn, nice circulated type coins are much more interesting to me, and getting harder to find problem free examples...
Thanks for sharing this information with us. You did a Awesome job..
Of course!
Yet another great vid with good info Thanks
Thanks!