I love what you are doing, Daniel! Your honesty and openness is refreshing. I’ve been collecting since the 70’s and have made several friendships with dealers. I have always respected the people who were the most honest and found them to be the most successful in the long run. Keep doing what you are doing and share your knowledge. Good things come to good people! Much respect and best wishes for your continued success!
I just turned 70 in January, started coin collecting when I was 13 which would have been 1963. I love coins so much that I still have every coin I ever acquired over the years. I have never wanted to sell a coin and have tried to get my grandsons interested in them but they just don't get the attraction. I have tried to educate my grown children about what I actually have so they will have some idea. I am beginning to think it would be better for me to sell them now than for them to do it later. But I just can't.
It sounds like your family do not appreciate coin collecting it probably would be better for you to sell some of it so they do not get ripped off and you probably could enjoy the money or buy some more coins. I will sell mines when I retire I will still collect after I retire but not as near as much as my working years. I would still comb the banks and coin roll hunt and Still buy a little off of e Bay or coin shops but not as aggressively.
I suspect the grandsons are not ferrous, hence the lack of (magnetic) attraction. If you want to adopt a grandson, I'm near Philadelphia and would call once a week, send greeting cards for the various annual events, and attend family functions.
@Mike Franks. What did you decide to do with your coins? I'm in the same boat (65 soon). I'm leaning towards selling them -- not a big collection, but a few interesting coins in the mix.
@@davidk7324 I am 72 now and still have every coin. I have actually completed my Walking Liberty half collection since that post. I'll keep trying to educate them about what I have since they are getting up in age.
@@mikefranks3538 Thanks for the update so long after your original post! Sounds like a good plan. My son has zero interest in his 30s so I'm not going to hold my breath.
Daniel, I am brand new in the “collecting” arena. I am so blessed that I came across your channel. I’m sure there are numerous individuals out there who haven’t stumbled across your page, as I have. From my point of view, your very honest and transparent; as you know the world doesn’t operate in that realm anymore. Keep doing what you love and finish strong.
Daniel do you remember when I said that MCM messed up a deal with me? Well I'm here to tell you that they more than made up for it. I was completely happy and satisfied with how they treated me on our last deal! Just came to say this.
To my ever lasting shame.. I once sold a double eagle in late 2011 for just $250 when they were going for close to $2,000... See, I bought the coin in the late 90’s when gold was going for around $300 an ounce. When I bought it, I threw it in my coin box and forgot about it for years. Then in 2011, I needed some money and I just assumed that gold was probably about the same as it had been when I first got the coin. Now, I know that the dealer needs to make something so I figured $250 would be a fair price. When I walked into the shop and showed it to the dealer.. he was like.. “what do you want for it?”.. I was like.. “would you be able to do $250..?”. He jumped on that deal right away and I just got a feeling in my stomach that I just seriously messed up. After I walked out, I got on my phone and saw that my coin went for just over $1,900.. I instantly felt sick in my stomach and there was nothing I could do about it. It was a very valuable lesson though and I always do my research now before I sell or buy anything.
Dan, I purchased $470.00 on Franklin halves ,then sold them back to the same dealer in Sarasota,Fl And he only gave me $220.00. They were1957,58,&59 FBL .ONE OF THEM I PAID $175.00. I FELT EMBARASS & DISAPPOINTED as iv,e shopped there for 3 years.Is this a common practice ? I,m not anxious about returning to them.I thought I was a valued customer.... please respond! Thank you Dan, l appreciate & respect your opion.
Less than 50% is NOT common practice and especially regular customers! I buy back often. Yesterday I bought back $5,100 in coins that the person paid around $6,500 for, maybe less since it was over a three year period. I tried to pay 75%. I know silver was down so some of this he made money on or broke even.
I trust your truth Your a good Man Sir ,but I wish I can show you my coins or sale them to you , I have got the 1955 dd , theb1922 no d and so on but unfortunately iam all across the world is the sadness 😢 😞 😔
Hello Daniel, I have a coin & am trying to see what it is worth & ran across your video, you come across as a good honest man & know what you are doing! I am going to visit your website
He will buy your peace dollar for 15-30$ dollars which is fair . But he will spend more money having the coin graded and takes the risk of not getting the grade he needed. Not want but needed in order to potentially make a profit. The fees involved is crazy I’m hoping in selling a legit find that can cover all the expenses just to have everything that truly is worth grading . Coin community mostly about a guy stating he found this in change or grandfather attic…funny coins in one lot on a estate sale pretty memorable. Billiards community just vicious $100 flip to 2k/5k on some cues. Guitars used to be bad . Just pointing things out while your out
This was a great video. Too many people today don't understand the difference between direct sales to another person and selling to a business. A business has to worry about overhead, the costs of holding that inventory for however long it takes to sell, and the costs of trying to sell that piece of inventory. It can be surprising when you begin to add it all up what it costs to be a viable business. In most lines, when buying direct the typical lines are a 60-40 split. The dealer is usually good when getting the piece for 40% below anticipated retail price. On some of those small value coins though, those margins are razor thin. While I'm not a coin dealer, my own experience has been to educate the other party as best as possible on the inputs into the offer (just like you did here) and try to find that common ground where we're both happy.
Too bad you dont live close to me, I would come in your shop to buy. Im looking for a few Morgan Silver Dollars. Im just not paying $30+ for a fake. Thats whats out there.
There is a short video on few other suggestions about a Coin show on CoinTable with Chris Tisdale. He mostly do unboxing videos on PCGS and NGC graded coins it is really good.
Daniel, this is a blessing. Your channel assists so many and I can feel your genuine desire to help others, your authenticity and your strength of conviction as a collector and dealer. Thank you.
The number one thing I learned ,After 30 years of metal detecting in ghost towns for coins, scavenging after bulldozed red tagged houses for coins, hunting for coins at yard sales, estate sales, buying through the neighborhood, and of course at coin shows & dealers,,,: RARE COINS ARE RARE FOR A REASON.....LOL
coin dealers in my pittsburgh area. "ya thats a nice morgan ill give you 16 bucks" check out my nice 1921 morgans only 65 a coin ungraded. lol I can only buy online or go to coin shows around here
So I would be better off just buying gold and silver rounds than than old constitutional historic American coins for 3 or 4 times there melt value ? How sad.
It never hurts for the collector to do his homework before selling his/her coins! What he/she thinks is a treasure is not always the case. Leave room for the dealer to make some money too.
Somehow I believe I would want you in my corner in a negotiation. I remember my dad going over his coin collection in the earlyv1960s and it was a hobby that he really enjoyed and shared with us kids. Thanks for the info.
Your shop appears welcoming and calming. I'm on my WAY!SMILE. Knowledge is exceptionally important when we sell or buy a COIN Do yourself a favor...maybe you ( let's say me) needed cash that day I can't for the life of me decide to do my homework after I needed that money. We ( meaning I) learned wonderful lessons walking in with KNOWLEDGE which Mr.Malone mentions. I loved your attitude with the mound on BUFFALO. Sneaky..i pay ATTENTION. Great pup.THANK YOU. THANK YOU for sharing Daniel.always appreciated ❤your enthusiast from Pa.❤
Loving the channel! You seem to be very knowledgeable and honest. Two qualities you don't find in many people anymore.. thanks for sharing your knowledge
In the case of a rare, high grade coin that isn't listed on the greysheet like a NGC MS67+ 1936-D Buffalo with phenomenal rainbow toning, where would you be at purchasing? In December the PCGS Price guide went from $9500 to $7500 and NGC is $5500. Thanks!
I only sell coins to dealer that are slabbed. There's a declared value to start with. Gold on the other hand raw or graded. I usually get close to true value on my coins from my LCS. Sometimes I just trade up for something else.
I just learned the story of the first year of the V Nickel. It doesn’t have the word CENTS on the reverse. And crooks were gold plating them and passing them off as a five dollar gold peace. So of course I bought one MS63 and gave it to my girlfriend, that’s the closest she will get me to buying her a five dollar gold peace LOL.
You sound like a really good /fair coin dealer. My uncle who was a dealer had the same mentality. Each person should use your advice to test the coin dealer they are about to deal with because there are a few that aren't so fair.
yesterday I went to my local pawn shop sadly the only place left where they sell coins in my town he happen to come across some uncirculated Morgan silver dollars first thing I ask is there any CC he's like no sadly some guy offer to buy them for 75-80 dollars a piece in Canadian I said to him should of took it he's like naw naw im going to hold onto them after asking him for 2 weeks straight have you priced the coins yet now he's thinking about getting them graded i said i wouldn't advise to do that.... he was hyping it up making it sound like ive never seen them before i kind of chuckle in my head and said i have a 1878 s uncirculated yea nice coin nothing special but nice to have hell my 1932 Canadian quarter is hell of a lot nicer then those common morgan dates and that's a coin worth grading cause the price i paid was 230 dollars the toning and luster on it is beyond nice and original if it gets just ms60 its 320-360 dollar coin and i know for a fact cause the guy who sold it to me was very honest and trust worthy man in the coin club in my local town now I'm going to see him tomorrow to get the same coins the guy at the pawn shop had for half the price i said happily ill take 3 and this is in Canada
You play that crooked game, then you wont be in business long. I know of a coin dealer that was a RIP, the word got out and in 1 year he went from a sweet big shop to a closet. A crook and thief.
The best price you will get is one or two pieces at a time, Just like you collected the items and from someone that is collecting coins. Dealers are looking to make some money they have to pay rent and overhead of running the shop.
EXCECTIONAL point. I learned from experience when I was flat a-- broke..and no COIN KNOWLEDGE...dont do it. You can't blame the owner when (you...meaning i) needed the money.❤my dealer was exceptionally fair like Mr.Malone is.
Very informative, very helpful, much appreciated! I think I’ll save this video as I am new to coin collecting. I purchased my first ever, Kennedy half dollar rolls for $40, found a couple bicentennials and a few shiny ones, no silver nothing outstanding but I did run a cross seven 2013 D pennies I got in change that year and because they were so shiny I just dropped them in a drawer and thought wow these look like they just came off the press. I ran across them a few days ago and they are really sharp looking even under a magnifying glass so I’m excited about them. I don’t know their value but did watch a video that talked about 2013 D pennies in good shape, I was thinking about sending one in and paying the $20 to have it graded but I have seven total. Wish your shop was in my town I would come by and see what you thought. I took pictures. This coin hunting has me so intrigued, tons to learn, I’m taking notes,
Daniel I appreciate your honesty. Iam coming to visit your shop one day Sincerely Charles ANTHONY. I am new been doing it for about ten months I am learning. Have a good evening.
Hi Daniel, How would you handle a very extensive collection of Indian Head Cents?Discovery Plate coins, Snow and Poliquin varieties? Top 100 coins? MS coins? I ask because I have a collection like that. Just pretend that I am your customer, and you know for a fact that I am very knowledgeable about the coins in my collection. This is a collection of over 200 coins. I really enjoy your videos. It's good to see sellers looking out for the collecting community 😊. Your friend Joe Seiller
Daniel I love your videos I've been watching more and more videos. Wish their more coin dealer like you .trying to find a dealer who hounest is hard to find.
Obviously there are a lot of factors to consider when it comes time to sell your coins. The best advise I can give someone selling to a dealer(or to another collector for that matter); Whether it’s a single coin or a massive collection, know exactly what your bottom line is before you walk in. Of course what you’re asking has to be within the confines of reasonability, but don’t be afraid to tell a dealer what you’re rock-bottom price is..... and certainly don’t be afraid to walk away if the dealer is unwilling to meet your ask.
I went to the 3 dealers I shop at to sell a set of silver eagles. The offers were within 5 % of each other. I was supposed how close the offers were. 2 would offer more if I did a trade. Just my experience.
Dealer's are scammers, always claim its 'common' a 1878 cc Morgan is not common, Paying melt instead spot price for silver cull or gold is a downright ripoff to the seller, your greysheet is inaccurate. Personally I would not buy or sell to you. Honesty & Integrity goes far
How do you know what a coin is worth if it's not graded? Grading at that point is a guess, so they can't offer 50% or so, the dealer pays what they think they can sell for more.
I truly believe..if ( let's say me cause no bad comments back) I wouldn't be selling if I didn't need the dollars.Malone...you are a extremely fair gentleman with your COIN pricing. I have never met you however you learned me... ( after the fact) to (if u want to make $) pay ATTENTION to you my TEACHER ❤Hopefully I will see you Robert and Dustin at a show someday.❤🐕🐈🐈🐅SMILE
I have enjoyed watching many of your videos. I learn more and more everyday. Would you have any suggestions on good coin dealers in the Lexington, KY area that deal with errors? I just moved here and do not have a clue who is reputable.
I think a lot of people that don't know much about coins look up retail prices . Then they can't seem to understand why a Coin Dealer won't pay and can't pay retail prices . They don't take into consideration that the Coin Dealer has to buy coins at a price they can resale the coin for a profit so they can stay in business . I live in Ky and the next time i am in Ohio i definitely want to visit your Coin Shop . Thank you Daniel very good honest information .
Sixteen years ago my father and I had a large coin robbery. The coins were alll listed with the FBI and INTERPOL All the coins came on the market after the fence died in 2017. The buying dealers paid ten to twenty cents on the dollar. I paid the dealers what they had paid for the rare coins. The problem was not with the dealers except none had checked to see if the coins had been stolen until I had contacted them or EBay. All of the rare coins had been taken out of their holders.
I want to buy MS 62's or MS 63's St. G's ...to get spot or slightly better on the return buy back .. but have the collectability and confiscation protection if they enact a recall...am I thinking right , what is your recommendation both Gold n Silver ....
I might be a different kind of dealer but I never haggle. My first offer is the top offer. No games or gimmicks. I buy at 10% back of greysheet bid and sell at ask. Keep up the great vid's Daniel.
Hey I'm new to these coin collections and about 2 months ago I was at the flea market and saw a 1943 steel pennies and I liked it and approached the coin dealer guy and say how much for it he said $40 and I laughed and say $40for a penni I told him that is more than 4,000% profit then he told me make me an offer the ladie behind show make me a signal saying $20 so I said ha $20 is ok I gave him the $20 and he smile happy and gave me a set of 8-lincoln pennies that have inn 2009 Lincon that are really non circulated they look great all 4, also a 2020 pennie,1955, 2005,and of course the 1943 steel penni and I saw how much the 2009 Lincoln pennies are worth and you are right on all your videos I'll star by subscribing to the most popular coin grading company and grading my pennies and go from there thanks for your advise you are a pro on these business
The truth is that coin pricing is all smoke and mirrors. 90% of US coins have little to no collector value, especially things purchased directly from the Mint. As to the other 10%, it's rare that you will ever get anywhere near what you paid for them if you sell them to a dealer. Dealers need to make a living, true. But it's a zero-sum game: what they save by buying at wholesale comes right out of your pocket. And dealer margins are 20-40%. This is the main reason coin collecting is a dying hobby -- dealer greed. The only way to possibly break even is to buy rare coins at wholesale prices from Heritage or other auctions. Then try to sell them on EBay if you need to get rid of them.
As always great information I don't ever expect top dollar for my coins LoL I know enough to know condition is very important and most all of what I collected is circulated damaged,cleaned and I do believe re coated and it does appear red but looks closer and you can see circulation damage ware so I don't get overly excited when I come across those because it just doesn't look original to me anyway.
Nice to see the silver market is getting to the point where people are eating up the 90% kennedy halves and rosevelt dimes. Paid $18.50 per face the other week for washington quarters and I think i got a decent deal. Nothing like it was a couple years ago.
Ass always you video be right on point, seriously , it real, thank you, it help me to understand some very important things,iam really glad I found your site, all thought it's been a couple week sense i been here, but i just wanted to say i got a roll of quaters from the back and all of them had a mint mistake iam not sure if they be recognized as error, but there Rhode island and Utah on the letter B the bottom whole of the be is filled in or should i say dotted out 2007, after view your class it's like going to school bro I appreciate them so now I will check out , Coneca that you mention, and also I came across a 1957D wheat that weighs 2.7 g now I know were to go to, I sure it make on some other coin a dime or something, iam very sorry for such along text I know there so many, but thank you for you time and knowledge on so many topic of coins, peace take care...
For bullion gold etc., the dealers in my area (Wash. DC-Baltimore) pay 97%-99%. I have gotten even slightly over spot on occasion. One dealer routinely pays at least around 98.5% so before I go in I figure what I should get based on this % and the spot price and if I get less than this, I'm likely to try another day. And if I wait, I do get the 98.5% price and sometimes more.
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A lot do try and first test your knowledge by offering you melt or less. I’ve sold quite a bit silver and gold.
Flea markets are the worst for buying coins. Its either the coin dealers doubling the retail or joe shmo selling a hoard the got and are upcharging the hell out of it because they qre "old" or "vintage"
What you’re seeing a lot of is the desperate of society bringing anything in to try to get a few bucks thinking everything is valuable. People holding the valuable stuff aren’t bringing it in to sell.
Great and honest point of view of a LCS. To add my two cents, I don’t deal with copper unless it is a 2 Cents Piece. I don’t fool with nickels either. I do have a couple V nickels that were passed on down from my dad I recently went through one roll of dad’s Barber Nickels and found all uncirculated. In the mix was the 1912-S BU. It fetches a lot.
.I’ve done social experiments with a PCGS coin throughout the Spokane area on what they would give me for it. It was such a dramatic price range based on how fancy the store was. I know that is not the case everywhere but in Spokane the nicer the store the less they offer yo u
Wish you were close to me. I have a collection I inherited and brought some stuff to the dealer and felt I was rushed. He gave me some offers but didn’t look over the coins. Just quickly threw me some offers. I left there with my coins. Now I am trying to learn what I can and am selling my coins on eBay. It will take me years but I am okay with that. Of course this is not something I wanted to do. Kinda forced into this.
Daniel, you should do a video on the itinerant "coin buyers" that go from town to town, advertise in local papers, and set up in hotels. I've heard that they pay pennies on the dollars, almost fraudulently low. It would be informative, and if they really are cheaters, it would alert the public and save many a widow from being taken advantage of.
He should see how a jeweler is worse .A COIN dealer is at least fair.❤Oh...a do mean a jeweler that will buy your coins. Or shall I say ( just be aware)❤
But man.. I LOVE JFK/Franklin halves, Washington quarters and Rosevelt dimes. They’re what I generally prefer because they mostly sell for just their spot price and that allows me to stretch my money further.
I love what you are doing, Daniel! Your honesty and openness is refreshing. I’ve been collecting since the 70’s and have made several friendships with dealers. I have always respected the people who were the most honest and found them to be the most successful in the long run. Keep doing what you are doing and share your knowledge. Good things come to good people! Much respect and best wishes for your continued success!
You're welcome and thank you!
I have one 1927 penny , one 1937,one 1939 ,four 1944 and more Hw you can help me ?
@@CoinHELPu pppppp
Dealers gotta make money to or they won't be in business. Thank you for another great video, and have a great day Daniel.
I wish you lived closer!! I'd be there all the time learn and buy :-)
You are so educated AND honest!!
Keep up the good work :-D
Don't we all? Smile❤
I highly appreciate your efforts and the way you are educated people. Accept my admiration
lol. when I buy 90% halves I prefer Kennedys because I buy for weight
Love the KENNEDY's
I just turned 70 in January, started coin collecting when I was 13 which would have been 1963. I love coins so much that I still have every coin I ever acquired over the years. I have never wanted to sell a coin and have tried to get my grandsons interested in them but they just don't get the attraction. I have tried to educate my grown children about what I actually have so they will have some idea. I am beginning to think it would be better for me to sell them now than for them to do it later. But I just can't.
It sounds like your family do not appreciate coin collecting it probably would be better for you to sell some of it so they do not get ripped off and you probably could enjoy the money or buy some more coins. I will sell mines when I retire I will still collect after I retire but not as near as much as my working years. I would still comb the banks and coin roll hunt and Still buy a little off of e Bay or coin shops but not as aggressively.
I suspect the grandsons are not ferrous, hence the lack of (magnetic) attraction. If you want to adopt a grandson, I'm near Philadelphia and would call once a week, send greeting cards for the various annual events, and attend family functions.
@Mike Franks. What did you decide to do with your coins? I'm in the same boat (65 soon). I'm leaning towards selling them -- not a big collection, but a few interesting coins in the mix.
@@davidk7324 I am 72 now and still have every coin. I have actually completed my Walking Liberty half collection since that post. I'll keep trying to educate them about what I have since they are getting up in age.
@@mikefranks3538 Thanks for the update so long after your original post! Sounds like a good plan. My son has zero interest in his 30s so I'm not going to hold my breath.
I believe you & I also enjoy listening to you dan.
Daniel, I am brand new in the “collecting” arena. I am so blessed that I came across your channel. I’m sure there are numerous individuals out there who haven’t stumbled across your page, as I have. From my point of view, your very honest and transparent; as you know the world doesn’t operate in that realm anymore. Keep doing what you love and finish strong.
Daniel do you remember when I said that MCM messed up a deal with me?
Well I'm here to tell you that they more than made up for it. I was completely happy and satisfied with how they treated me on our last deal! Just came to say this.
To my ever lasting shame.. I once sold a double eagle in late 2011 for just $250 when they were going for close to $2,000... See, I bought the coin in the late 90’s when gold was going for around $300 an ounce. When I bought it, I threw it in my coin box and forgot about it for years. Then in 2011, I needed some money and I just assumed that gold was probably about the same as it had been when I first got the coin. Now, I know that the dealer needs to make something so I figured $250 would be a fair price. When I walked into the shop and showed it to the dealer.. he was like.. “what do you want for it?”.. I was like.. “would you be able to do $250..?”. He jumped on that deal right away and I just got a feeling in my stomach that I just seriously messed up. After I walked out, I got on my phone and saw that my coin went for just over $1,900.. I instantly felt sick in my stomach and there was nothing I could do about it.
It was a very valuable lesson though and I always do my research now before I sell or buy anything.
I learned that about my platinum 10.00 COIN also.Mr.Malone taught me to do my homework ❤
Dan,
I purchased $470.00 on Franklin halves ,then sold them back to the same dealer in Sarasota,Fl
And he only gave me $220.00. They were1957,58,&59 FBL .ONE OF THEM I PAID $175.00. I FELT EMBARASS & DISAPPOINTED as iv,e shopped there for 3 years.Is this a common practice ? I,m not anxious about returning to them.I thought I was a valued customer.... please respond!
Thank you Dan, l appreciate & respect your opion.
Less than 50% is NOT common practice and especially regular customers! I buy back often. Yesterday I bought back $5,100 in coins that the person paid around $6,500 for, maybe less since it was over a three year period. I tried to pay 75%. I know silver was down so some of this he made money on or broke even.
I trust your truth Your a good Man Sir ,but I wish I can show you my coins or sale them to you , I have got the 1955 dd , theb1922 no d and so on but unfortunately iam all across the world is the sadness 😢 😞 😔
Hello Daniel, I have a coin & am trying to see what it is worth & ran across your video, you come across as a good honest man & know what you are doing! I am going to visit your website
He will buy your peace dollar for 15-30$ dollars which is fair . But he will spend more money having the coin graded and takes the risk of not getting the grade he needed. Not want but needed in order to potentially make a profit. The fees involved is crazy I’m hoping in selling a legit find that can cover all the expenses just to have everything that truly is worth grading . Coin community mostly about a guy stating he found this in change or grandfather attic…funny coins in one lot on a estate sale pretty memorable. Billiards community just vicious $100 flip to 2k/5k on some cues. Guitars used to be bad . Just pointing things out while your out
This was a great video. Too many people today don't understand the difference between direct sales to another person and selling to a business. A business has to worry about overhead, the costs of holding that inventory for however long it takes to sell, and the costs of trying to sell that piece of inventory. It can be surprising when you begin to add it all up what it costs to be a viable business. In most lines, when buying direct the typical lines are a 60-40 split. The dealer is usually good when getting the piece for 40% below anticipated retail price. On some of those small value coins though, those margins are razor thin. While I'm not a coin dealer, my own experience has been to educate the other party as best as possible on the inputs into the offer (just like you did here) and try to find that common ground where we're both happy.
S cornrow Hunters we want to make a but but being a business with all the overhead of course you have to make money
I know you are ani honest personanditrustu Daniel hope I said it right this time I do mixed up names
Too bad you dont live close to me, I would come in your shop to buy. Im looking for a few Morgan Silver Dollars. Im just not paying $30+ for a fake. Thats whats out there.
I have a website portsmouthcoinshop.com
I'm going to a local coin show next week. This was great info that I can use for buying and selling. It will help with my expectations. Thanks again 👍
There is a short video on few other suggestions about a Coin show on CoinTable with Chris Tisdale. He mostly do unboxing videos on PCGS and NGC graded coins it is really good.
Daniel, this is a blessing. Your channel assists so many and I can feel your genuine desire to help others, your authenticity and your strength of conviction as a collector and dealer. Thank you.
btw.. .love your common sense video. Good work !
The number one thing I learned ,After 30 years of metal detecting in ghost towns for coins, scavenging after bulldozed red tagged houses for coins, hunting for coins at yard sales, estate sales, buying through the neighborhood, and of course at coin shows & dealers,,,: RARE COINS ARE RARE FOR A REASON.....LOL
I agree 100% definitely rare for a reason. Have dug a couple key date barber dimes but not in the best condition.
Daniel you are a very honest dealer. MAY YOU HAVE A GREAT MEMORIAL DAY WEEKEND!
Thank you and same to you!
As a fresh collector, your videos are priceless. Thank you for your hard work.
My dealers fair. 20% below Grey Sheet. I had a heart Attack 2 yrs ago. Im glad I had then. Paid the Bills
coin dealers in my pittsburgh area. "ya thats a nice morgan ill give you 16 bucks" check out my nice 1921 morgans only 65 a coin ungraded. lol I can only buy online or go to coin shows around here
Not common everywere iv been to some great dealers. i know you got a great shop to
Like your videos I have alot of great error coins
Thanks Daniel for being an Honest dealer and collector. You have always tried to help when people have questions.
You're welcome and thank you!
I have old coins from 1891
So I would be better off just buying gold and silver rounds than than old constitutional historic American coins for 3 or 4 times there melt value ? How sad.
I never said that. You can often buy 90% for spot or near spot.
It never hurts for the collector to do his homework before selling his/her coins! What he/she thinks is a treasure is not always the case. Leave room for the dealer to make some money too.
Daniel, Please get a better microphone, had my volume as high as it would go and still had trouble hearing you.
Thanks
Somehow I believe I would want you in my corner in a negotiation. I remember my dad going over his coin collection in the earlyv1960s and it was a hobby that he really enjoyed and shared with us kids. Thanks for the info.
Australia have a blue sheet and online catalogues, and most of the values are double the market value. So unreliable to say the least.
I don’t kno if it was just my Bluetooth speaker or what but the audio on this one was very low
Right turn volume up
Your shop appears welcoming and calming. I'm on my WAY!SMILE. Knowledge is exceptionally important when we sell or buy a COIN
Do yourself a favor...maybe you ( let's say me) needed cash that day
I can't for the life of me decide to do my homework after I needed that money. We ( meaning I) learned wonderful lessons walking in with KNOWLEDGE which Mr.Malone mentions. I loved your attitude with the mound on BUFFALO. Sneaky..i pay ATTENTION. Great pup.THANK YOU. THANK YOU for sharing Daniel.always appreciated ❤your enthusiast from Pa.❤
Honesty and and transparency wins out . Thank you!
Thanks for shedding a light on the reality of running a shop. Great stuff Daniel.
Thank you!
Thanks for the information
Loving the channel! You seem to be very knowledgeable and honest. Two qualities you don't find in many people anymore.. thanks for sharing your knowledge
I hate the haggle. Usually if I see the price I don't like I keep walking to the next booth. Too many good deals to be had on various coins.
In the case of a rare, high grade coin that isn't listed on the greysheet like a NGC MS67+ 1936-D Buffalo with phenomenal rainbow toning, where would you be at purchasing? In December the PCGS Price guide went from $9500 to $7500 and NGC is $5500. Thanks!
You need to have the coin sold at auction, that's the mot fair way to get a fair price.
I only sell coins to dealer that are slabbed. There's a declared value to start with. Gold on the other hand raw or graded. I usually get close to true value on my coins from my LCS. Sometimes I just trade up for something else.
Dallas gold and silver exchange only pays face value I walked out disappointed
Face value for what?
@@CoinHELPu for coins
❤ your videos.
I just learned the story of the first year of the V Nickel. It doesn’t have the word CENTS on the reverse. And crooks were gold plating them and passing them off as a five dollar gold peace. So of course I bought one MS63 and gave it to my girlfriend, that’s the closest she will get me to buying her a five dollar gold peace LOL.
You sound like a really good /fair coin dealer. My uncle who was a dealer had the same mentality. Each person should use your advice to test the coin dealer they are about to deal with because there are a few that aren't so fair.
yesterday I went to my local pawn shop sadly the only place left where they sell coins in my town he happen to come across some uncirculated Morgan silver dollars first thing I ask is there any CC he's like no sadly some guy offer to buy them for 75-80 dollars a piece in Canadian I said to him should of took it he's like naw naw im going to hold onto them after asking him for 2 weeks straight have you priced the coins yet now he's thinking about getting them graded i said i wouldn't advise to do that.... he was hyping it up making it sound like ive never seen them before i kind of chuckle in my head and said i have a 1878 s uncirculated yea nice coin nothing special but nice to have hell my 1932 Canadian quarter is hell of a lot nicer then those common morgan dates and that's a coin worth grading cause the price i paid was 230 dollars the toning and luster on it is beyond nice and original if it gets just ms60 its 320-360 dollar coin and i know for a fact cause the guy who sold it to me was very honest and trust worthy man in the coin club in my local town now I'm going to see him tomorrow to get the same coins the guy at the pawn shop had for half the price i said happily ill take 3 and this is in Canada
Every business is a microcosm of life. All of us are different, this is how you know the good from the bad
You play that crooked game, then you wont be in business long. I know of a coin dealer that was a RIP, the word got out and in 1 year he went from a sweet big shop to a closet. A crook and thief.
Always great.....always awesome, and so much great information......thanks Daniel, SALUTE to you.....Keep up the great work.
You're welcome and thank you!
The best price you will get is one or two pieces at a time, Just like you collected the items and from someone that is collecting coins. Dealers are looking to make some money they have to pay rent and overhead of running the shop.
EXCECTIONAL point. I learned from experience when I was flat a-- broke..and no COIN KNOWLEDGE...dont do it. You can't blame the owner when (you...meaning i) needed the money.❤my dealer was exceptionally fair like Mr.Malone is.
Very informative, very helpful, much appreciated! I think I’ll save this video as I am new to coin collecting. I purchased my first ever, Kennedy half dollar rolls for $40, found a couple bicentennials and a few shiny ones, no silver nothing outstanding but I did run a cross seven 2013 D pennies I got in change that year and because they were so shiny I just dropped them in a drawer and thought wow these look like they just came off the press. I ran across them a few days ago and they are really sharp looking even under a magnifying glass so I’m excited about them. I don’t know their value but did watch a video that talked about 2013 D pennies in good shape, I was thinking about sending one in and paying the $20 to have it graded but I have seven total. Wish your shop was in my town I would come by and see what you thought. I took pictures. This coin hunting has me so intrigued, tons to learn, I’m taking notes,
Daniel I appreciate your honesty. Iam coming to visit your shop one day Sincerely Charles ANTHONY. I am new been doing it for about ten months I am learning. Have a good evening.
Your show is informative and great for new and old coin collectors alike
Hi Daniel, How would you handle a very extensive collection of Indian Head Cents?Discovery Plate coins, Snow and Poliquin varieties? Top 100 coins? MS coins? I ask because I have a collection like that. Just pretend that I am your customer, and you know for a fact that I am very knowledgeable about the coins in my collection. This is a collection of over 200 coins. I really enjoy your videos. It's good to see sellers looking out for the collecting community 😊. Your friend Joe Seiller
Daniel I love your videos I've been watching more and more videos. Wish their more coin dealer like you .trying to find a dealer who hounest is hard to find.
There's way more thank you think. You got to get out more to a show, if you can.
Obviously there are a lot of factors to consider when it comes time to sell your coins. The best advise I can give someone selling to a dealer(or to another collector for that matter); Whether it’s a single coin or a massive collection, know exactly what your bottom line is before you walk in. Of course what you’re asking has to be within the confines of reasonability, but don’t be afraid to tell a dealer what you’re rock-bottom price is..... and certainly don’t be afraid to walk away if the dealer is unwilling to meet your ask.
I always heard they subtract the profit margins they want to make, from the purchase price....
I went to the 3 dealers I shop at to sell a set of silver eagles. The offers were within 5 % of each other. I was supposed how close the offers were. 2 would offer more if I did a trade.
Just my experience.
Dealer's are scammers, always claim its 'common' a 1878 cc Morgan is not common, Paying melt instead spot price for silver cull or gold is a downright ripoff to the seller, your greysheet is inaccurate. Personally I would not buy or sell to you. Honesty & Integrity goes far
Most. Dealer s. Offer. About. Half. What's. It's. Worth. ! $120. Coin. Off. You. $60. Are. $70. Dollars. ! Graded coins. !
How do you know what a coin is worth if it's not graded? Grading at that point is a guess, so they can't offer 50% or so, the dealer pays what they think they can sell for more.
I live in union city california and can you recommend a dealer close to me that you have dine business with
I truly believe..if ( let's say me cause no bad comments back) I wouldn't be selling if I didn't need the dollars.Malone...you are a extremely fair gentleman with your COIN pricing. I have never met you however you learned me... ( after the fact) to (if u want to make $) pay ATTENTION to you my TEACHER ❤Hopefully I will see you Robert and Dustin at a show someday.❤🐕🐈🐈🐅SMILE
I have enjoyed watching many of your videos. I learn more and more everyday. Would you have any suggestions on good coin dealers in the Lexington, KY area that deal with errors? I just moved here and do not have a clue who is reputable.
I've been following you video. You're so honest opinion and good interest to help. I am new collector. Would like to thank you for all informations.
Not saying you , but dealers won't give you fair value,try to give you negative excuses why the coin is cheap.thats why I quit collecting.
Uncirculated peace an Morgan's were 25$ fifty years ago now 35$ they should be 300$ buying junk silver at 4$ selling at24x face was betterment.🤗🤗🤗
I think a lot of people that don't know much about coins look up retail prices . Then they can't seem to understand why a Coin Dealer won't pay and can't pay retail prices . They don't take into consideration that the Coin Dealer has to buy coins at a price they can resale the coin for a profit so they can stay in business . I live in Ky and the next time i am in Ohio i definitely want to visit your Coin Shop . Thank you Daniel very good honest information .
You're welcome and thank you!
Sixteen years ago my father and I had a large coin robbery. The coins were alll listed with the FBI and INTERPOL All the coins came on the market after the fence died in 2017. The buying dealers paid ten to twenty cents on the dollar. I paid the dealers what they had paid for the rare coins. The problem was not with the dealers except none had checked to see if the coins had been stolen until I had contacted them or EBay. All of the rare coins had been taken out of their holders.
I want to buy MS 62's or MS 63's St. G's ...to get spot or slightly better on the return buy back .. but have the collectability and confiscation protection if they enact a recall...am I thinking right , what is your recommendation both Gold n Silver ....
My friend I love the way you express your love for love of the art of coins and numismatic I wish I can give you 1000 likes keep up the great work,
I might be a different kind of dealer but I never haggle. My first offer is the top offer. No games or gimmicks. I buy at 10% back of greysheet bid and sell at ask. Keep up the great vid's Daniel.
Thanks!
Hey I'm new to these coin collections and about 2 months ago I was at the flea market and saw a 1943 steel pennies and I liked it and approached the coin dealer guy and say how much for it he said $40 and I laughed and say $40for a penni I told him that is more than 4,000% profit then he told me make me an offer the ladie behind show make me a signal saying $20 so I said ha $20 is ok I gave him the $20 and he smile happy and gave me a set of
8-lincoln pennies that have inn 2009 Lincon that are really non circulated they look great all 4, also a 2020 pennie,1955, 2005,and of course the 1943 steel penni and I saw how much the 2009 Lincoln pennies are worth and you are right on all your videos I'll star by subscribing to the most popular coin grading company and grading my pennies and go from there thanks for your advise you are a pro on these business
You're one of the most informational coin channel I know of. Thanks so much for what you do.
I have an Eisenhower 1976 dollar coin 22.7g no mint mark
The truth is that coin pricing is all smoke and mirrors. 90% of US coins have little to no collector value, especially things purchased directly from the Mint. As to the other 10%, it's rare that you will ever get anywhere near what you paid for them if you sell them to a dealer. Dealers need to make a living, true. But it's a zero-sum game: what they save by buying at wholesale comes right out of your pocket. And dealer margins are 20-40%. This is the main reason coin collecting is a dying hobby -- dealer greed. The only way to possibly break even is to buy rare coins at wholesale prices from Heritage or other auctions. Then try to sell them on EBay if you need to get rid of them.
As always great information I don't ever expect top dollar for my coins LoL I know enough to know condition is very important and most all of what I collected is circulated damaged,cleaned and I do believe re coated and it does appear red but looks closer and you can see circulation damage ware so I don't get overly excited when I come across those because it just doesn't look original to me anyway.
Nice to see the silver market is getting to the point where people are eating up the 90% kennedy halves and rosevelt dimes. Paid $18.50 per face the other week for washington quarters and I think i got a decent deal. Nothing like it was a couple years ago.
Ass always you video be right on point, seriously , it real, thank you, it help me to understand some very important things,iam really glad I found your site, all thought it's been a couple week sense i been here, but i just wanted to say i got a roll of quaters from the back and all of them had a mint mistake iam not sure if they be recognized as error, but there Rhode island and Utah on the letter B the bottom whole of the be is filled in or should i say dotted out 2007, after view your class it's like going to school bro I appreciate them so now I will check out , Coneca that you mention, and also I came across a 1957D wheat that weighs 2.7 g now I know were to go to, I sure it make on some other coin a dime or something, iam very sorry for such along text I know there so many, but thank you for you time and knowledge on so many topic of coins, peace take care...
Great insight from behind the scenes 😁
For bullion gold etc., the dealers in my area (Wash. DC-Baltimore) pay 97%-99%. I have gotten even slightly over spot on occasion. One dealer routinely pays at least around 98.5% so before I go in I figure what I should get based on this % and the spot price and if I get less than this, I'm likely to try another day. And if I wait, I do get the 98.5% price and sometimes more.
A lot do try and first test your knowledge by offering you melt or less. I’ve sold quite a bit silver and gold.
Flea markets are the worst for buying coins. Its either the coin dealers doubling the retail or joe shmo selling a hoard the got and are upcharging the hell out of it because they qre "old" or "vintage"
Hola buenas noches quisiera mostrar una moneda cheerrios 2000 si alguien esta interesado mandar correo para poder enviar la foto
Please help me sir to see my coins ang please help me to sell my coins
Hai sir I'm from India I have coins sir are you buying India coins sir?
Probably not for copper pennies 20% under melt would be good money for 5 gallon pail.
What you’re seeing a lot of is the desperate of society bringing anything in to try to get a few bucks thinking everything is valuable. People holding the valuable stuff aren’t bringing it in to sell.
Where is your shop? I wanna come shop with you. My coin shops are all extremely high priced
portsmouthcoinshop.com/
Portsmouth Coin And Currency Co
614 Chillicothe Street
Portsmouth, Ohio 45662
740-354-2646
Daniel is one the best dealers ive done business with.I havent been in his shop but i do shop online with him.
Thank you!
What is the best thing to put your coins in if you don't have cases can I use little baggies is that going to tarnish it or anyting
Understanding about coin collecting slowly but sure to your direct info, thx, Daniel👍
Thanks for the free knowledge, you have helped me a lot. Wish you were closer so i could take my collection to you since i don't trust anyone else.
Great and honest point of view of a LCS. To add my two cents, I don’t deal with copper unless it is a 2 Cents Piece. I don’t fool with nickels either. I do have a couple V nickels that were passed on down from my dad I recently went through one roll of dad’s Barber Nickels and found all uncirculated. In the mix was the 1912-S BU. It fetches a lot.
.I’ve done social experiments with a PCGS coin throughout the Spokane area on what they would give me for it. It was such a dramatic price range based on how fancy the store was. I know that is not the case everywhere but in Spokane the nicer the store the less they offer yo u
Some people don’t understand that you have bills to pay and mouths to feed as well. Not to mention sometimes dealers lose money on occasion.
Wish you were close to me. I have a collection I inherited and brought some stuff to the dealer and felt I was rushed. He gave me some offers but didn’t look over the coins. Just quickly threw me some offers. I left there with my coins. Now I am trying to learn what I can and am selling my coins on eBay. It will take me years but I am okay with that. Of course this is not something I wanted to do. Kinda forced into this.
Just send me a list in an email. You can pick a few things and see if my offers are fair to you. I do this daily. portsmouthcoinshop@gmail.com
Daniel, you should do a video on the itinerant "coin buyers" that go from town to town, advertise in local papers, and set up in hotels. I've heard that they pay pennies on the dollars, almost fraudulently low. It would be informative, and if they really are cheaters, it would alert the public and save many a widow from being taken advantage of.
They do pay low
He should see how a jeweler is worse .A COIN dealer is at least fair.❤Oh...a do mean a jeweler that will buy your coins. Or shall I say ( just be aware)❤
Hi Daniel!!🍵 Thanks for another round of common sense!! Some people's coin value expectations don't make much "cents", yuck, yuck!!😊
But man.. I LOVE JFK/Franklin halves, Washington quarters and Rosevelt dimes. They’re what I generally prefer because they mostly sell for just their spot price and that allows me to stretch my money further.