I hope you're feeling better. Very interesting topic. We have 3 companies here in Austria selling coins worth €5 for €40-€50. A friend of mine is a coin shop owner and every day someone tries to sell him such coins. They then usually believe that he tries to rip them off when he tells them that the coins are not worth more then €3 because he can't sell them for more than €5. And all of them write stupid reviews with bad rating. Crazy.
The part good people like CoinHelpU don't say is that it's mostly the greed that causes those tears to flow; it's the kids assigning millions to these "collections" in hopes that they struck hidden riches in Dad's attic like all those TV shows. Rarely does Dad mistake Bradford Exchange to be family legacy worthy (though it DOES happen; old farts are gonna fart sometimes), and rarely does Dad not inherently understand he's overpaying. The research we think is "just a little bit" is more work than we give it credit for being, especially to someone who is retired.
That long bloviation aside, I think the real red flags are the gilders. Nothing ruffles my feathers like gold and silver plated "tribute" sh*t. People who market those Gold Buffalo "tribute" coins advertised "on sale" from $3k/ounce to "only $50/ounce!" are criminals. Even plated silverware has a use in putting up appearances in case Mom is a penny pincher or just doesn't have the money. The Buffalos, on the other hand, are made for the layman who doesn't understand that he is not getting real gold. These are the kinds of marketers who are the lowest scum of the industry.
@@Pdstor i know exactly what you mean, saw one just being advertised just before seeing your post, 1/10 gold coin with a picture of Mickey Mouse on it advertised for £900. Ridiculous. Unfortunately very prevalent and it’s what ‘grinds my gears’ so to speak
they take silver, pour it into something they think people will just have to have and then sell it for 2 or 3 times the costs of the silver itself. they make enough on one coin to make 2-3 more and thus that's how they make money. now when the collector sells it, they find out it's often just the raw costs of the metal itself, which they initially overpaid for.
Each to their own way me personally i just stack bullion gold and silver their's no limited editions no colourised pieces no silver sword's just raw bullion because if the crap hit's the fan it will all be priced the same gold will be gold and silver will be silver great video sir and happy stacking 😀
Beg to differ but if the SHTF there still will be a collectors market. I started off stacking years ago but have morphed into a collector of these special coins. No regrets either.
Ive just started buying silver got my first 5 coins last week i hope they are real i paid 20$ NZD over spot price from trade me buy and sell NZ got the year of the dog horse rat ox and dragon they have a 2 pound value on the back i love them but would cry if they were fakes i didn't mind spending bit extra for the pictures i really wanted its not about profit for me just yet but eventually it will be
@@kerryjohns7784 if they’re Britannias I’ve never seen a fake. If it’s a trusted seller and they’re 1 Troy oz coins (31g) you’ll be good. Sounds like you got some great pieces
Great video mate, Watched till the end. Hope you feel better soon!
@@FutureInvestmentsBullion appreciate it mate thank you!
I hope you're feeling better. Very interesting topic. We have 3 companies here in Austria selling coins worth €5 for €40-€50. A friend of mine is a coin shop owner and every day someone tries to sell him such coins. They then usually believe that he tries to rip them off when he tells them that the coins are not worth more then €3 because he can't sell them for more than €5. And all of them write stupid reviews with bad rating. Crazy.
8:33 One per household is usually a red flag.
@@ShinyPreciousMetals most definately
The part good people like CoinHelpU don't say is that it's mostly the greed that causes those tears to flow; it's the kids assigning millions to these "collections" in hopes that they struck hidden riches in Dad's attic like all those TV shows. Rarely does Dad mistake Bradford Exchange to be family legacy worthy (though it DOES happen; old farts are gonna fart sometimes), and rarely does Dad not inherently understand he's overpaying. The research we think is "just a little bit" is more work than we give it credit for being, especially to someone who is retired.
That long bloviation aside, I think the real red flags are the gilders. Nothing ruffles my feathers like gold and silver plated "tribute" sh*t. People who market those Gold Buffalo "tribute" coins advertised "on sale" from $3k/ounce to "only $50/ounce!" are criminals. Even plated silverware has a use in putting up appearances in case Mom is a penny pincher or just doesn't have the money. The Buffalos, on the other hand, are made for the layman who doesn't understand that he is not getting real gold. These are the kinds of marketers who are the lowest scum of the industry.
@@Pdstor i know exactly what you mean, saw one just being advertised just before seeing your post, 1/10 gold coin with a picture of Mickey Mouse on it advertised for £900. Ridiculous. Unfortunately very prevalent and it’s what ‘grinds my gears’ so to speak
Impressive Stack mate! Here re-favouring the support. Thanks for stopping by during my live premier. Like 24!
@@FutureInvestmentsBullion legend! Cheers 🍻
Lovely Dragons there Josh! Feel better soon 😊✌🏻
@@send2georgie_S2G thank you Georgie 🙂
Great video 👍
@@soubirchakraborty6189 thank you 🙂
Feel better soon McDonald ✌🏼
@@LibertyBleeds thanks mate, hope you’re well!
they take silver, pour it into something they think people will just have to have and then sell it for 2 or 3 times the costs of the silver itself. they make enough on one coin to make 2-3 more and thus that's how they make money.
now when the collector sells it, they find out it's often just the raw costs of the metal itself, which they initially overpaid for.
@@deadkid2012 exactly that
Each to their own way me personally i just stack bullion gold and silver their's no limited editions no colourised pieces no silver sword's just raw bullion because if the crap hit's the fan it will all be priced the same gold will be gold and silver will be silver great video sir and happy stacking 😀
Sounds like a plan! I like raw bullion too. Thanks for watching
Beg to differ but if the SHTF there still will be a collectors market. I started off stacking years ago but have morphed into a collector of these special coins. No regrets either.
Ive just started buying silver got my first 5 coins last week i hope they are real i paid 20$ NZD over spot price from trade me buy and sell NZ got the year of the dog horse rat ox and dragon they have a 2 pound value on the back i love them but would cry if they were fakes i didn't mind spending bit extra for the pictures i really wanted its not about profit for me just yet but eventually it will be
@@kerryjohns7784 if they’re Britannias I’ve never seen a fake. If it’s a trusted seller and they’re 1 Troy oz coins (31g) you’ll be good. Sounds like you got some great pieces
Keep your head on a swivel for many companies are looking to take advantage of people. Do your own research, buyer beware!
@@LibertyBleeds 💯