If Silver Price EXPLODES Will Coin Shops Still Buy My Silver?
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- Опубліковано 6 лип 2024
- In this video I go to Harry's Coin Shop and we talk about selling silver and if the coins shops will still be buying silver when silver price goes up. If silver goes to an all time high who will buy my silver? Also do coin shops hold back silver for sale when silver price drops? So many interesting silver price questions answered in this video. If you are silver stacking or silver investing and you want to come up with an exit strategy for down the road then consider selling to a local coin shop. I love making these coin shop videos and I hope you like watching them as well. Below is the link to the Harry's Coin Shop Playlist:
Harry's Coin Shop Videos:
• Harry's Coin Shop
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Topics I cover in this video: coin shop, coin dealer, coin store, coin appraisal, selling silver, who will buy silver, who will buy my silver, when silver price goes up where to sell silver, sell silver, where to sell silver, will coin shops buy silver, can I sell silver to a coin shop, investing in silver, investing in gold, silver price, gold price, silver stacking, silver investing, buying silver, coin shop owner, coin dealer, bullion dealer, local coin shop, silver coins, silver bars, silver rounds, junk silver, gold coins, silver stack, silver stacker, coin shop video, harry's coin shop, silver, gold, precious metals, rare coins, coins
#silver #gold #coins
This is my local coin shop. I can confirm Harry, Adrian, and Richard are as smart, welcoming, and helpful in real life as they are in these videos. And they're generous with their deals as well as their knowledge. I generally go there for their "junk" silver, which consistently has higher grade coins mixed in, at prices better than you can find on the internet.
Met Harry a few weeks ago on my way to the coast. Stopped by the shop and did a trade. I can vouch for this comment.
Very nice early silver dollars, nothing cleaned there?
I’m up in Washington but I wanna visit these fellas one of these weekends super bad. Awesome you’re so local, cheers!
@@tneth5487any great shops in WA you might recommend?
You are lucky, where is his shop? If I get to the US I would like to visit him. He is so smart and cute! I love watching him.
Harry is the kind of old-fashioned honest gentleman that America needs more of. A real class act.
Well said.
Indeed!
And...the whole World, as well.
Harry reminds me of a serious Robin Williams. Still entertaining, you learn so much, but you're smiling the whole time.
Truly wish I had the pleasure to buy from him
I’m sorry but Richard is the absolute GOAT of random coin knowledge/overall theory and while he may have an interesting disposition - the man absolutely knows his stuff. Respect the hell out of him.
I hardly ever comment on videos but he deserves a shout out.
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
@@kelbenjamin It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, I need the help of your Investment mentor.
@@kelbenjamin God bless you for sharing!
2 years, or 25yrs. There's no amount information that can't be learned in this community. Even a seasoned coin dealer learns something new daily.
A coin shop in my area stopped selling when silver dropped below $15
Bought a 1oz Englehard Silver bar back in 1978 for $3.95 and still have it! This channel is the Greatest!
Back when eBay was a blue screen, bought 100 oz.
RCM under $360. Sadly, needed cash one day.
That $4 in '78 is the same as $18, today, adjusted for inflation.
Ha, I recently went into a local chain pawn shop(not mom or pop) when silver was down around 20$ spot. Didn’t see one piece of silver with the exception of jewelry out. I asked if they had any bars or rounds and got a snide reply of nope! I then said “you don’t have anything, no eagles, no hand pour nothing? She turned her back and began to walk away saying we have none. I found it hard to believe being there was no explanation like, some just bought all we had because silver is low now. Or, we have some in back but can’t put it out yet. Nothing, just nope, no silver and walked away with an attitude. So, I fully believe some places will hide it when prices drop !
These guys are awesome. So knowledgeable and candid with no hype bs.
Very authentic and caring people. Every coin shop I been to is the typical give me your money and get out my face
Remember buying a silver dallor for 6 bucks in the 90s with my allowance and 64 silver half dallor for 50 cents at the banks 😅 I was stacking old school with lawn mowing money 💰
Silver Dragons--we need to see you in the video with Harry and the crew. C'mon, man!
I love the new intro! Harry and his team don’t get half the credit they deserve! I subscribe to your channel independently, but having a focus with Harry and his team is what keeps me coming!
Great content all around, but I love the honesty, the passion that you can see in all of the guys eyes about coins and they care about their customers. I wish I lived closer and now I’m wondering if they have a website where we can make purchases. I know about whatnot and that’s great but man to get into some of those deals 1000 miles away in real time !!! Overall great channel! Thank you so much and thanks to Harry and his team!!!
I am no where near Oregon but I would definitely shop at this store. I hope they have increased some online sales thanks to your channel. 🤙
I thought the intro looked really well done! I love seeing these videos of Harry's shop because I don't have an LCS or local coin community.
I like that you differentiate stacking and coin collecting, I love seeing and learning about both and think it's important to distinguish them. Really cool and refreshing to see some coin content mixed in though, keeps stacking videos fun and interesting
Good point. They are like 2 totally different things in my book.
I'm new to this world, and I do appreciate that question being posed, and answered.
I love the badass intro of a humble man opening his coin shop.
God bless Silver Dragons and the kind and wonderful crew at Harry’s Coin Shop, always helpful and knowledgeable and take the time to teach each one of us as we stop by! As a gemologist appraiser from the Oregon remote coastline it is always a blessing when I get to stop by Harry’s Coin Shop like I did today! I highly recommend them if you need their services!
Love the new intro for Harry's Coin! Thanks for another great and relevant video SD!
Harry and the guys are not only knowledgeable, but personable as well. They never make you feel embarrassed for asking questions.
love you silver dragons. youre the sole reason i was inspired to start a silver collection! one day i would like to buy something off you just to feel like ive finally come full circle
You should get in on one of his auctions!
Love the new intro, and of course the best videos on silver are at Harry’s coin shop. Can’t wait to dive into this one.
Harry is right. Back in 1980 when silver went up to $50. there were buyers everywhere. They were set up in motel rooms. Grocery stores, hardware stores took in 90% silver as currency to buy there items.
Wasn't the price rise due to the Hunt brothers tried to corner the silver market ?
@@terryhollands2794 Most think so. There are some who have different opinions. Gold also went up, but the Hunt brothers had nothing to do with Gold.
These guys are correct. When silver rises people will be chasing it. I was buying during the last big bull run in the high 40's.
Very reasonable prices there compared to my local shop.
My LCS has a chart reflecting prices of APMEX, SD, and one other, I can't remember which... Anyway, their prices are just undercutting what APMEX is selling for and close to what SD is selling for. Either way, I can buy from Monument or Hero for a little less, but have to wait for shipping.
Sure is nice to see good, honest folks out there.
I have zero silver but I've always enjoyed it as a tape measure on society.
These guys are great.
These guys have a great energy. Always a joy watching when they are in a video. Another great video Silver Dragons!
I also bought eagles at $5 back in the 80’s, I just found some 1995 eagles that I bought in the $5-6 range, had them stashed away in a old jewelry box that I had in storage, love your videos 👍
That $5 back then would buy you the same amouth of food that it will today. It has made no wealth but has at least kept it.
think of a $20 bill in 1988, 80 gallons
of gas for my friends car 25,c a Gallon
I remember a 1/2 Troy ounce Gold eagle
& 1/2 oz Gold Krugerrand $210.00,
I remember buying an oz total, then
I bought I think 2 1/4 oz Gold coins,
there was very little gold bars around yet
I love the new intro! Proud Harry's Coin Shop Customer and supporter.
Definitely like these guys!!! Thanks Silver Dragons and Harry's Coin Shop!
I've bought silver for $15 per ounce, but I wish that I would have started back when spot was $5, which was nearly 30 years ago. But then, the guy that I knew who collected metals collected gold and $400 per ounce was way too much for me back then (1995). Boy, who knew that gold would quadruple in price????
I had a coworker buying gold at $400 back in the mid 90s. One ounce per payday, every payday. I'd love to talk to him now and see how it all panned out.
That same amount invested in stocks would be something like 5x as much gains….
Honestly the way inflation is going and our government spending trillions like its nothing plus BRICS eroding the value of the dollar I think in the next ten to twenty years we will look back and think Man I wish I bought that silver at $25 and that gold at $2,000 that was a steal!
After watching the hard work that goes into mining and extracting precious metals like gold and silver, I understand why my old man always said that the stock market is the closest man has gotten yet to alchemy. Creating stupendous amounts of money out of thin air. Humanity always wanted it easy lol!
Hahaha. Very true. The big brains behind that money machine sure do know how they did it.
@@travismitchell4209 Not so fast. I have done my fair bit of prospecting in there. Lost over $30,000. I can conclusively say that it didn’t PAN OUT well for me :)
@@Edward_Harrell7 Lol. Tell that to the Warren Buffet’s and Charlie Munger’s. Actually some others are good. Cathy Wood predicted a rise in oil prices due to the Ukraine situation. My own adviser Mary Elizabeth Huxley also predicted that precious metals will go up during a recession after the pandemic. My portfolio has grown over $400,000 in 8 months so I guess some are better at prospecting stocks than others
@@gemmabarese2483 Sounds great. I can’t get into Warren’s portfolio anyway to see how he does it. Does this Mary cater to private clients or is she institutional
@@Edward_Harrell7 Yea she does manage private po;tfolios , i think she worked in Merrill Lynch . I can't drop her number here but she has a public cntact website where you can reach her
Yankee has Tim. Speg has Guy. You've got "Honest Harry". Keep the Harry episodes coming. Thank you for sharing with the community
I remember hearing stories in 1980 coin shops and smelters would pay melt or less for silver. No premium was paid due to record prices, most silver just went into a large bar by melting. Sell your lowest premium silver if you have or want to when the time. Keep your nice stuff! Not financial advice…..
It's annoying to me how many people (who aren't into metals) seem to think that if silver goes to x price then no one will buy it. It's like they suddenly forgot how markets work. The reason anything in the world reaches a certain price is precisely BECAUSE demand pushed it there, which means more people than ever are buying. In the past 10 years, virtually every asset, commodity, and resource on earth has gone up significantly in price (in some cases double, triple, or even multiples) and nobody ever says "if x item goes to x dollars, no one will buy it". Whether it's car prices, home prices, Apple stock prices, Tesla stock prices, Bitcoin, or even everyday resources like gas, food, lumber, etc. Literally EVERYTHING on earth has gone up significantly, except silver and gold (because they're so criminally manipulated). And yet when have you ever heard people use this faulty logic applied to homes, cars, stocks, cryptos, etc? I've never heard it once. Apple stock used to be under $50 a share, now it's close to $200, and not once did I hear anyone say "if it goes that high no one will buy". Tesla stock used to be, what, 1/10th of where it's currently at? Hell, Bitcoin was once $5 and is now close to $30k! Have you ever heard someone say at any point in the last decade "if Bitcoin ever reaches $1000, no one will buy"? No of course not. Because everyone subconsciously understands that whatever price a thing is, it's there because demand pushed it there, which means it IS being bought. Gold and silver are the ONLY freakin thing on this earth which cause them to forget this simple principle, and apply a completely different faulty "logic" as to why they think "no one will buy". Just shows you how great/deep the brainwashing campaign has been of causing Americans to absolutely detest precious metals. People literally abandon their common sense and logic to unfairly bash metals, when they don't apply that same logic to anything else that they buy or invest in.
To be completely fair, the silver (and gold) market IS different than most of those other assets' markets you described in that with silver, there is the spot price market, and then a separate physical market, and the two can weirdly be disconnected at crucial times. For example, since I started buying gold & silver in 2006, there have been at least three times when the spot price went very low, and physical was absolutely NOT available anywhere in the local markets at those low prices. The premium was huge all three times. So, to mention the possibility of a similar effect happening in reverse near a big top is not unreasonable.
This effect doesn't happen with Apple stock price, Tesla stock price, Bitcoin, etc because.the market price IS THE price we buy & sell at. There is no significant premium above or below the quoted stock price.
@@Run4Ever77this is so very true. I too wanted to buy physical in mid April 2011 & March 2020 but could not find anyone, and I mean anyone who wanted to sell @ spot plus normal premium ($3-5 over). They were only interested in buying at current market prices. The silver-gold market is unique into itself.
@@Run4Ever77 Fair point, good comment. I considered what you said, and you're right. The premiums are a bit of a reflection of what the market thinks about physical metals. They're still undervalued though, I don't think even the market is taking everything into account.
@@SlingshotMustang Agreed.
If the industrial demand for silver reaches frenzy, it would seem to me as a Lehman that you could take your silver directly to them and they would pay you whatever you could negotiate. 🤔
Such young folks. I use to get silver dollars from the banks for a dollar...
These interviews with these four guys are very informative, keep doing these and I'll watch.
new intro is great!
Loved the new intro. Harry is one of my local dealers and I love seeing him in your video's. One of the nicest coin dealers I've ever had the pleasure to deal with.
I enjoy these interviews. They seem like a great bunch. Thanks so much!
If the UK puts the sales tax to zero on silver like gold is, then the demand for silver might rise in the UK. The premiums are to high plus 20% sales tax.
Why do you think, there is a tax on it, looks like an indikator to me, that the Gouvement for see, Silver going much higher then 50 dollars 😬🇩🇰❤️
So i wouldent sleep on it, just because you pay higher taxes for it 👍🏻
Taxes are everywhere allso in Denmark :)
@@orphancharmander1168 Some states charge sales tax on precious metals in the US as well. I think Kalifornia does. The free state of Texas does NOT. Gotta watch your purchases to keep under $10k to keep the nosy IRS out of the equation, both on buying and selling.
In Canada there is no sales tax on .999 silver and gold. On anything not pure it is 13% sales tax were I live
@@orphancharmander1168 I use to get around the sales tax in the UK when buying silver before Brexit by buying from silver to go in Germany, as the UK not in the single market I think I would be charged duty to import it.
Great guys at Harry's Coin Shop.
Videos are getting better and better my Man! Keep it up 🤘
Nice guys. Love the shop!
Great video and I love Harry’s Coin Shop. They are my favorite local coin shop.
I absolutely love these guys
Great videos ,
Harry's coin shop is a pretty special place
It's gotten me back into the hobby
haha gotta pull out all my coins and start organizing
Great intro, keep it!! Real life scenario how Harry opens his business each day, good stuff!
The intro was awesome! 👍Great team at Harry's as always!
Another banger! Thanks team!
Everyone in the shop seems so nice and welcoming. Thanks for video and info
I love these episodes with Harry and his team...Best episodes!
Love the videos featuring the fantastic gentlemen at Harry's Coin Shop :)
I wish more businesses were run the way Harry obviously runs his. A pleasant experience to watch these & hear him & his guys talk. Obviously men of character. Beyond the excellent information & advice, these are sort of a video version of comfort food. Thanks for this channel. Subscribed in a hot second before the first video I watched was even over.
Great informative videos as always! Thank you
Luuuuv the new intro! What a great diverse team at Harry's ❤
Love the new intro! The content on this channel is awesome.
Love the intro, it shows how down to earth Harry is by dragging out the sign everyday
Love hearing the back and forth silverDRagons and the shop guy. Great questions. Great information
Thanks for the wisdom guys.
Silverrr dragonsssss out
New intro is awesome! Also I’ve bought silver and had it shipped multiple states away and had a great experience no issues!
I have watched several of you visits to the coin shop and have begun to look forward to them. I am a new “sub”. Planning to watch more of your content. Thanks for sharing.
I bought some silver Eagles in 1987 for $7.00 and remember thinking that was a ridiculously high price! I still have them. My local coin dealer holds back his gold and silver coins when the price goes down.
Find another shop & tell him to kiss this
$7 in 1987 is the same as $18.49, today.
That intro was Badass....., It needed a fresh look and I think you nailed it for sure!!!!!!!!
Wow, what a fancy new opening! You even took drone shots!
Love the new intro. Nice to see "behind the scenes" type stuff. Harry's such an awesome dude.
Great video. Thanks for sharing.
As always ...love these guys
I love listening to these guys!
Harry and his crew all seem like true gentlemen. It’s so awesome that this humble man got to open a shop where he could make a living off his passion and help educate newcomers like myself to stacking/collecting. Not my LCS, but I intend on reaching out to acquire some silver from this class operation.
Thanks dragon1 I like these guys. Humble, trusted.
I really enjoy the coin shop experience you provided and love the knowledge these guys have! Keep up the great work much appreciated!
💪😎👍🇺🇸🙏
Great video. Love the early coins!
Thanks again for showing current prices across the board, I wish we could have learned how much were they selling the old dollars as I've always wanted to get one of those earliest Dollars. Great video thanks.
Really like the videos you do at Harry's. Learned a lot from you and Yankee Stacking. And finally found a good lcs. Hour drive away but worth it. Thanks. Keep up the good work.
Awesome intro. It’s about time Harry had his own!
Heck ya the new intro was sick! Great job!
Loved Harry's intro... 🙂
2001 I bought silver generic at $5 & gold maple at $300 . 9/11 era . That’s what made me look seriously.
Thta new Intro is AWESOME..... Keep It!!!
Yes love the new intro with the drone
I love the opening for Harry's, it looked great. Great video. This video is like the best one to explain how the actual business works, lots to learn and pay attention too.
Cool intro, always a fun talk with the team at Harry's.
I like Harry. Seems like a very trustworthy individual. I would love to do business with him but I sent him a question on Facebook recently and never got a reply. 🤷🏻
Thank you for the message of hope men!
Great video with Harry and the crew 😊👍
When I first started collecting gold was $35 an ounce! Silver 1.75? Not sure of that. Silver $'s were at the bank for face. BU $20 St.Gauden's $53 buy and $58 sell. My folks bought me a 1927 for my 14th. birthday. I still have it. PCGS graded it a 63. Gasoline about 30c and minimum wage 75c!!!
Sweet intro, I love when you go to the shop.
THANK YOU VERY MUCH SILVER DRAGON FOR SHOWING US CURRENT PRICES FOR EVERYTHING WHILE WE ARE AWARE THIS REFLECTS PRICES SPOTTED AT TIME OF VISIT NOT NECESSARILY THE SAME DAY WE VIEW THE VIDEO. PLEASE CONTINUE THIS PRACTICE EACH TIME YOU VISIT HARRY'S I REALLY APPRECIATE IT VERY MUCH.
You all make a great team and appreciate one another , very cool mon , its iree
I agree Silver will go up $50.00 Ounce!🥈🥈🥈 It just matter of Time!😎
2050
In 2003 I had gotten a Silver Eagle at a shop for I believe around $8. Certainly wish I got more. Still have it though!
A love when you visit HARRY'S shop.
I watched parts of that collection go through the Whatnot auction yesterday. It was an amazing collection INDEED!
Love the new intro. Richard, Harry, and the boys seem like great people. Wish I worked with them
Seem like good guys. Very informative video.
Love this coin shop!
Harry Richard & Aaron very knowledgeable. Would trust them any time. Thanks❤❤❤❤
Awesome new intro! Great work
Love it… very NICE intro bro
Time for a zoot (spliff) and a cup of coffee while I watch Harry's coin shop videos 👌
we do mention 420 in this episode enjoy
I am at work spark one up for me!! ❤️
@@kaceydillin7367 i got you. 👌
Intro was AWESOME!
Great interview- he kept it real
I've officially jumped in head first due to what I've learnt on this channel..thank you
I liked the new intro. Cool drone work.