Your Coin Collection Can Hurt Your Family - Buy Coins Smarter!
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- Опубликовано: 3 окт 2024
- Your Coin Collection Can Hurt Your Family - Buy Smart!
Don't Do This To Family Members - Epic Fail Or Epic Collection? • Don't Do This To Famil...
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Daniel, Just my two cents, but I don't even think you should worry about responding to people who write abrasive comments to you. You are doing an excellent job of educating the public. I appreciate all you do, Thank You.
You're correct but it inspired me to do a video.
They’re angry because he popped their bubble. When I look over my father-in-laws Morgan’s he left me, I take delight in knowing he paid a dollar each for them. Lol. He’d go through bank bags looking for gems, the rest he’d take back to the bank. One is a very sweet 1903 S.
@@CoinHELPuBefore I made a comment, I thought I'd read a few comments/replies first. First one I open and you took the thought we both had and put it for the record. I love when those whom do not like a vid, comment on it. Obviously they are ignorant as to how this RUclips thing works. Maybe they think an army of organ grinder type lil monkies are monitoring this space and that's how everything gets connected etc🤷🏻♂️ Thanks for the vid D, and for those confused as to what I'm referring to.. when a comment is made on content, the algorithm sends that content out, exponentially. Sooo, more people talking about certain content, the more it gets sent out. Like 2 nice having offspring....Peace🙏🕉️ mice that is ( stupid.. smart phone
That’s why I commented “boohoo” to the guy because he was crying about how he thought Daniel was profiting off of an old person’s ignorance. Which Daniel wasn’t doing. Some people always think they hold some kind of moral high ground when they don’t.
Exactly, it makes you wonder if these commenters work for HSN or some other overpriced coin dealer that packages or paints coins to make them appear more valuable when they are not a purchase of "value".
Daniel, you are a great educator! Thank you for passion and commitment to us “uneducated “ . We appreciate you!!!
Daniel, you are the most honest man in the coin collecting business. Thank you.
Daniel please how do I sale my coins in good price
Very difficult topic to cover, but a must view for everyone. Although I haven't left anything after passing, I have been forced to liquidate my collection to meet unexpected expenses, twice. The shock and pain I faced with the first liquidation was debilitating, and I hadn't fallen for any of the magazine or tv shopping scams. The need for good education cannot be overstated.
In MY humble opinion....a few comments:
1. If someone IS going to collect coins - Watching your channel IS a MUST.
2.Education, education, education, education.
3. Research BEFORE you start collecting ANYTHING....and I mean ANYTHING.
4.Daniel - you ARE the official PSA of coin collecting - PLEASE continue what you ARE doing...PLEASE!
5. Watching that initial video...made my stomach cringe. I knew..and saw that, that poor collector paid WAY too much for all those sets/pieces. Glad you pointed it ALL out TO OTHER FOLKS.
Take care and God Bless......
I have bought from your store. I love your transparency, your honesty and trying to educate people so let the trolls just be trolls.
Your Coin Collection Can Hurt Your Family - Buy Smart!
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I've told my family about my collection & that I have a spreadsheet showing the year, mint, denomination, approx condition, melt value, approx value, slabs, serial numbers, bullion, & even currency collection. Some may think it is too much info, but I'd rather have them have a better understanding.
My dad thought he had twice the value of what he actually had when he died because of some of the items he bought. At least he understood that he liked the items & wasn't just trying to stack.
Excellent information Daniel. I hate watching old timers being ripped off. Thanks for helping our community. Good job
You are doing a service to the coin collecting community. Thank you Sir.
I appreciate your honesty Daniel. I have learned more about coins from you than all other coin channels combined. Thanku for sharing your knowledge with the world. 👍
I feel for you when you have to break the bad news to the heirs. It is important that people let their family know what they've bought and that the resale value could be as little as pennies on the dollar. I agree that eBay is one of the worst places to use to value coins.
I been collecting more years than you for sure being 72, but I understand and LOVE your educational videos and I learn from each one. In all these yrs I have never fallen for the HSN, Bradford, etc who offer over rated coins for outrageous prices. back in 2012, when silver was way down I did drop a significant amount for a mix of $400 face of Morgans and some Peace Dollars. Most were AU and few BU. But after your videos on cleaned coins I speculate now many ARE cleaned or were cleaned at some point in their history. TY Daniel for all you teach us.
Excellent advice, Daniel. I sold complete collections of modern coins about 5 years ago and put the payments into Bitcoin. Since then, I had the collecting itch and have been buying scarce, errors, etc. that are graded by one of the 3rd party grading companies. Also started a spreadsheet that shows the coin details and the price I paid. It will give my son or daughter a road map for estimated values.
Cheers, Bob
I started collecting coins back in 2015 as a young kid, and now as a young adult getting back into the hobby and hopefully will start selling myself soon, your videos are great and I appreciate the work you do to try to help prevent others from getting ripped off like this.
You are so truthful on this. It's the coin not the holder. And beauty is in the eye of the beholder. Well said about the ad targeting!
Daniel keep teaching and some will learn....I get all kind of flyers for coins...but i'm almost 70 and looking to come visit you..and sell my collection of 20 years...as my eyesight is fading....can't distinguish an MS 60 from MS 65 the fine details in the breast feathers or tail feathers on Morgan dollars.
I know exactly what you’re saying about some of those tv clowns. I got pulled in early in my collecting but found out fast not to buy from those tv guys.
This was a great video, Daniel. Hopefully, out of the current 3,401 views this video got, that somebody learned something today. Thanks for sharing ! 👍👍
Thank you!
Daniel I am glad that you care you know what your talking about people need to listen to you it makes me feel bad for the people that have been done wrong by these companies thanks for caring
I’ve only been collecting for 3 years. With your videos I have become a much smarter stacker. Even have made a couple dollars on some coins just for fun. My main reason for collecting is for the enjoyment. Thanks again for your videos
Its not your fault they got ripped off, but you handled it gently and courteously, if someone has a problem, its their problem...Keep Up the Good Work!!
Daniel, you are our champion. Thank you for what you do for our hobby.
You do GOOD, GOOD comes back👍🏻. Your honesty will be rewarded 🙏🏻. YOU are a GOOD MAN 👍🏻🇺🇸🇺🇸🇺🇸
Your a good man for so many reasons. Job well done. Thank you for being you
This is really important stuff Daniel - I hope many folk watch and take the content on board. It’s a shame someone doesn’t specifically call out these companies (name & shame) that sell such things. The UK (where I’m based has exactly the same problem…… Thank you and Happy 4th July.
Thanks Daniel for these great videos. Respectful reputable coin dealers are very important and improve this hobby. By the way I loved to see all the gold coins. The 1915 Indian $10 coin was my favorite of the bunch. Just such a beautiful coin! Have a great day!
Daniel, I appreciate the honesty and the support for the hobby. You don't have to do what you do but you do. I had to chuckle and kinda get upset at the same time about a "Little" place that sells coins and supplies.. Wink, wink..
I enjoy reading their magazines just to see what and how much they offer. With the magazine I received coins to look at and possibly buy. $13 for a '71 Eisenhower clad dollar ? $11 for a 2000 Sacagawea? $8 for a common '58 wheatie?
Of course I sent them all back and left a nice note.
" I know you're in the business of making money but please stop praying on people like a buzzard ".
Thanks Daniel. I have tons of respect for you.
Honesty and a cool straight shooter. No BS.
Another awesome video…. I have learned so much and continue to learn from these videos. Any time I am looking for a particular coin or coins, I always look at the Portsmouth Coin shop first. Go Bucks!!!!!
thank you!
Daniel, you are doing a great thing with your videos. That said you still have a business to run and you run it with integrity. You have a servant’s heart therefore your feelings will get hurt when someone unfairly criticizes you. Unfortunately, that’s the way of the world. Keep doing the right thing and God will honor your efforts.
Daniel, You are an honest person I appreciate for educating the people who do not posses knowledge on collecting coins. Thanks, from BHUTAN.
Daniel, you conduct yourself in such a way as to be a good example of a rare commitment to higher moral laws. You've somehow learned that one never will feel better by making someone feel worse. It's "obviously" just an aspect of treating people the way you want to be treated. I put "obviously" in quotes because it's only obvious if you think about others and not just yourself. Most people when online become unmoored from restraints that they would feel interacting in person. I don't believe they are usually aware of how they come across when they write something they wouldn't say to someone's face. It's not a lack of morality so much as that they feel protected from any consequences because it is noticeable that others are also getting away with being mean of spirit and with objectifying others.
What I think is telling is this, I announce the shows I go to and not one of these keyboard warriors ever come to my table and say these things to my face. I never see anyone telling a dealer off like they do online. So, you're correct.
Great video Daniel. I wish that you could tell us what a coin dealer would pay for the key date coins or regular gold coins even if it is a regular coin in bad condition even if you are just geusstimating the price and value of the coin, a lot of us would appreciate it so much if you could do that. Thanks again for providing all your videos and telling us your advice and information on the coins.😃🤙
You're a good man doing good work Daniel. And that's something to be appreciated greatly! ❤ Your blunt truth and education along with epic patience and manners is why you're my number one tutor. 💯%
Thank you for all you do.
Thanks Daniel! Education first line of defense in collecting anything. Red book,minting process, patience and willing to learn will save a lot of time, aggravation, and Money!
I put stickers or write what I paid for the coin and a spreadsheet as well. I tell my family that is the price I paid for them, not what they may be worth and try ro educate them on their worth....up to them how they wish to dispose of them
You are the best man for teaching us. I've been a collector since I was 14 yrs old. You have taught me a few good things to know that I didn't know.
Hello. I am totally new in coin collection. Looks like that I found the best video for start :) thank you.
Thank you😊
You are the most honest and gentle trader and expert I ve ever met.
Don’t feed to these ignorant people they don’t appreciate your help. I see all your videos I learn every time.🙏🙏👍👍👍👍
My guess is that gold bars and gold coins are the best chance for the value to improve
@@tomvarallo2108 SILVER... It's very very affordable and RIDICULOUSLY under valued. Buy American silver. If u do buy foreign, Mexican, Australian, British currency is best. Can't go wrong with Those four government issued silver and gold. Buy silver, stack it, forget about it. 1964 gal of gas $0.25 That same 90% silver quarter dollar is worth about $5. Silver hedges against inflation. It holds true value. Only gold and silver are true currency, all else is just CREDIT🇺🇸👈🏻MAGA
I have bought a few of those fancy packaged coins off people. I even paid them more than others offered. Some are really well displayed or have a cool holder. If I Pay $40 for a coin like this that would be $30 raw, whose to say I overpaid? I got enough VG silver quarters I've bought at spot over 40yrs. Every so often I want a fancy packaged coin. And Daniel you said this, to some its a hobby. Maybe they woulda spent that money on beer or cigarettes and instead bought a coin for a memory. One cool thing about this hobby is, it always has some value decades later.
Great advice and informative video Daniel!😃👍
Your a great guy. Your a very important part of the coin collecting community. You don't need to defend yourself that much. Your an incredibly busy person with a lot of wisdom! You have a great way describing your points. Keep it up and have a happy 4th
Happy 4th!
I am further clarifying not particularly defending myself.
@@CoinHELPuI may be in the minority on this, but I say never ever quit defending your good name. My grandpa, my daddy and my kids will not be dishonored by fools, and I feel the same credence within you, Daniel. I subscribed to you several many years ago and I rarely make comments on any other channels... I do participate and comment frequently here simply because I connect to you. Close in age, and it's Kool to know a fella in somewhere, Ohioville... Is a good ole boy with very very similar world view as I. Peace🙏🕉️🇺🇸👈🏻MAGA
I like the presentation cases. I will often buy the empty presentation cases on eBay at a fraction of a new case from Lighthouse. I then fill the case as I go along looking for deals to fill the spots. And yes I often buy “cleaned” coins to fill a hard to get vacant spot. Daniel my question to you is this, would my heirs get a better price from you for a complete set like this than the coins individually with it in mind that some of the better dates might be “cleaned.” Also would you be reselling as a set in the nice presentation case?
👍 just awesome videos
I got scammed one time on Facebook market for $500 and I’m very cautious ever since I don’t even trust myself😂
Call me a bastard...but I trust virtually no one. I suspect just about everyone. It takes years to gain my trust. I have watched your channel for years Daniel - IF I was to get into coin collecting....well, you are ABOUT the only guy I WOULD actually trust..
I just turned 60....I can only imagine how I'll be in 10 years from now.....
I think a good technique for collectors who plan on leaving their collections to family members , is to buy a coin or 2 for those family members birthdays or Christmass - then tell them what you paid and what is is worth if they cash it in-How I did it with my daughter= " here, this is worth around 30 dollars, i paid 80 dollars for it from the mint because it looks so beautiful"
A few things - My dad throws money around like manhole covers. ;) That being said , back in 1986 Dad purchased me some American Silver Proof Eagles ( i believe 4 of them which I still have.) He also gave me a few Morgan Silver dollars and 2 peace dollars (which he got from his father. From what I was told Granddad - who was a barber - got paid in those coins back in the day.) I recently made a purchase from you ( mint/proof sets.) Anyways - enjoyed the video and I'm looking forward to the next one.
God bless u man. Thank you for your rare honesty. I say that because these days it seems like alot of people take advantage. I sick of it. Don't these people know that we all REAP WHAT WE SOW. Sorry for the tangent. God bless you sir for all your videos and hard work, very informative.
The part that Pisses me off. These Dealers Act Like They're Helping People. It's Sicking what they do. I Collect, I try to Buy Wisely. I've bought some great Coins Cheap and I've over paid too. Great Video Daniel!!!
Hey I inherited a coin collection from my grandparents.
How do I chat with you?
He owned an antique shop many years ago. He has been past years ago. Just found it in a box
Education is paramount . And don't sweat the negative comments . Call me anything you want . Just don't call me late for dinner...
This dude is super knowledgeable idk why ppl don’t understand what he’s trying to say. I think they do and may have some of these same “coin collections” and don’t wanna hear the truth? Keep spreading the truth bro!
I believe you! It happen to me in Stamps! I remember my times with coin dealers in there stores talking about coins was good times but now no stores here anymore. But I so glad you have this Channel!! Thanks for what you do!!!
Hey Daniel thanks for showing us about coin collecting and not just stacking
My rule is "send the coin to PCGS" to be graded. I am a collector NOT a dealer because I know my limitations. A friend asked about a 1914D Lincoln cent and I sent it to PCGS. Of course, it was fake and was returned in a death pack. Another friend showed me a 3 legged nickel and I told him "it needs to be graded!". Again, PCGS would not grade because it was fake and his father had paid $900 for the Buffalo Nickel.
Not a good idea to buy non graded numismatics like that.
I have a one-legged buffalo. It's mine, inherited, and it fits my weird collection just fine!
Those are horrible stories. I bought two small very old gold coins. Luckily it was when gold was $1500 an ounce, paid $40 premium over spot each. Years later I found out they are counterfeit but still gold. So the price of gold has bailed me out.
Thank you, Daniel for giving an education about coins, and coin collecting. There are some unscrupulous business' that pray on the uneducated, and especially seniors. My dad was victim of one. I'd love to visit your shop, but I live too far away to do so.
Fantastic information as always! You just have to check out more of this information and get educated!
I agree with you Daniel. My parents bought items like these. I have a fancy box with a Morgan dollar and at best I would say it's a cull. I'm not sure how much they paid for it, but the box is more than the coin. I purchased items from auctions and paid too much, but I wanted the coin. I keep a list of everything, what I paid for it and the current value. It could be more or less. Thank you for all your videos, they are educational and informative.
I appreciate the fact you are trying to educate people on buying and collecting coins,but you cant please everybody, as a newb to this hobby your videos have been very educational on what to buy and collect and what to stay away from especially ungraded coins of any type as I found out the hard way. I will be sending a couple coins in for grading as it seems that graded coins are more valuable even cleaned coins with "key dates".Keep up the great work and education you are providing!!!
So excited for you guys
You're doing good Daniel, many people don't even try let alone succeed.
The older generations are more trusting and cons will continually seek those types out to make a personal profit..sad but true.
Oh wow , bashing you Daniel ? No way , you are but one of the few that try and do HELP people to understand coin values . If yer unshure of what the worth of a coin is ....check the Red / Blue book of US Coins . Ask a dealer , don't just asume just because a coin is OLD , it has VALUE ! There are ways ta check value of most anything if ya just look for it . Without you and others helping out the coin world would be in a sorry state . Keep up the great videos . I don't have any family to leave my coins to . My one cousin told me ta sell it my self as he has nothing ta do with coins ,silver etc . I'll be 75 in September . I hope I can sell my colection before I die . Ha -ha . Tom Daytona Beach FL. 3, July 2024 .
I watched your entire video I know what you meant I know how you felt I know what you are trying to accomplish. I just wanted to say thank you and you are appreciated. ❤️
Daniel. You did nothing wrong. A 17 minute video and 2 minutes in, someone gets triggered and doesnt even comprehend the rest of the video. You had some spot on suggestions in the video but apparently those were not listened to. You don't put down collectors, you EDUCATE AND HELP them. The day I see Bradford Exchange at a show is the day I am going to climb Mt Everest. 🤣 They know better then to show up with the fancy boxes and overpriced polished coins at a show. I just feel bad for the buyers. If leaving for a family, they mean good and try but they get "scammed". Keep on EDUCATING and HELPING !
These coins and their fancy display are nice looking, the prices are completely out of hand. Especially in the case of someone leaving the coins as inheritance, many family members will see the prices paid and will think that they have something better than what it is. We need more dealers like Daniel who attempt to educate coin buyers. With some research those paying these overpriced coins could easily find a far better priced coin just by looking around to see what a reasonable price is. You can always find a nice display, as well as the coins you want for way less than these greedy companies that prey on the uneducated.
I’m more of a silver stacker but I do buy coins because I really like coins but I’m careful on what I buy because I don’t know much but I’m learning every day.
I don't watch every episode, but I quite enjoy your channel. I've learned a lot!
The vast majority of businesses and people of "yesteryear" were honorable. Most people's word or handshake was as good as a contract. We now live in a "buyer beware", a world where it's "distrust so verify"...sad but that's where we are. Cheers! 🤠
I appreciate what you are trying to say. I have one set like this that was given to me by my grandmother. I appreciate the gift and know that she thought it was worth lots of money. However, to me the way it is displayed is actually hard to store. That said, I'll not change the packaging or do anything with it because it reminds me of her. On the other hand I have a buffalo nickel that is on display in my office. It was given to me as a Christmas gift from a coworker. She purchased it from a local coin store and displayed it in a picture frame. I appreciate the thought and care she put into it. The coin is not valuable, but the thought and care she put into the gift is appreciated.
Much respect to this coin dealer.
Good video to help educate. Wish you could get the message out to those who are just starting, or have not bought before. They are probably not a subscriber. I made a mistake buying pre 33 gold when I started. Did not know where to research. Bought from ITM and was charged ~20% more than I should have been. Since then I have better knowledge and try to buy slabs back of Greysheet. Keep up the good work.
My first name is Philmore, my last name is Joy!
Hello Daniel
People hear what they what to hear especially today. Everyday everyone backs a guy who tells lies. Keep doing the excellent videos my friend.
I fell for the Franklin Mint & Littleton Coin pitches in the 60's, luckily I didn't buy much & with the price of silver being up I did OK. Should have bought that 1909 S VDB for $50 in AU😄
I hope coins continue to go up like that.
I understand what you're saying, and I've had someone from a group tell me (the admins) that my error coin isn't an error, that it isn't a rim die clash aka a railroad rim when it's clear as day that it is, it matches your images on your mint error app. I don't get that
Once again Daniel you're the Da Man! Those folks that rip off folks truly hate you lol! You're not afraid to tell us the truth! I know when I purchase a coin from you that I can trust you and not get taken to the cleaners! Thanks!
Daniel, keep doing what you’re doing, keep your head up, haters are going to hate, for some reason they cannot help themselves, we appreciate your knowledge, never buy from a magazine or a TV ad, Keep Stackin bro
I love your videos. I was laughing when you said these crooks target older people-which is 100% true, but i am over 70 and i am the opposite. As I got older, i got more and more suspicious of coin sites, so that is why I was laughing= they aint getting me if I can help it
I have 1966 dime coin how can i sell it can you help me sir i need very money thank you sir
I had a brother-in-law was in the military. He got old computer at home and he ordered probably in 5 to 6 months. He spent about $20,000 on Cohens now it was 100% disabled buddies spent about $20,000 in six months on M Cohan a few little few years later I wind up buying those Cohen’s for a little of nothing.
I agree with you, overpaying is very dangerous, you can lose money paying normal price. A few years ago a normal price for a 2012 silver proof set was 150 and I bought one. Then they went down to 100$ so I bought another one 😂
Ouch! I have NO interest in coins with errors. Too dodgy. I’m seventy and have zero patience with my digital magnifier.
I enjoy making pins using world coins. I give them away but may sell them on Etsy soon. It’s a great way to get $20 for a buffalo nickel. The Mercury dimes are quite nice too. Knowing that they have little numismatic value, I clean them with a vibratory tumbler.
I agree 100%. BUT, if a person wants to buy those overpriced pieces they should at least tell their family that it is not going to be worth as much as they think it will be.
Your the dude!
🇺🇸 With so many scams out there It's nice to see someone like you your like me old school - Got to be HONEST - That's the way I was raised
Another interesting and educational video. I have some coins that I bought from the Danbury Mint that I like. I didn't buy them for an investment. I bought them to add to my baseball collection. This I know that I will never get back what I pay for them. The cards that I have bought also may lose values or go up, but that's ok. I bought them to complete the collection and the enjoyment that I get when I viewed them over and over. My coins collection is a different world than my baseball collection. I buy as an investment, and hopefully, It will go up in value that my family will make a little more profit than I pay for. Thanks again, Daniel, for all you do for the hobby and have a great day.
They really do go after elderly. My Grandfather loves coins and has fallen victim. I’ve gotten him to agree when you find something you want let’s find it together. I had to tell my cousin his coin collection he inherited was utter sh**
There's a reason these late night coin sellers pick that time to run their high pressure shows. They know who their audience is going to be, and they are professionals at taking advantage of people.
It's a crying shame. I don't know how anyone involved with those programs can sleep at night.
Daniel,I just recently found your channel and subscribed. From what I have watched so far, you are doing a great job. A couple of thoughts struck me as I watched this video. It always amazes me how people who live in a capitalistic society do not understand how it works. I am a "seasoned citizen" and in my circle of people what I hear often is, the coin is 100 years old it has to be worth a fortune. When I am told that,I bring out a roman coin circa 69 AD and a 1972 DD Lincoln penny. Tell them what each is then ask which is worth more. Always they pick the Roman coin.At that moment I educate them on age means little compared to rarity.
Nice coins though,Graded or not My late uncle had similar presentation boxes,but he knew that and he liked them.Buy what you like.
Good video brother
A new LCS opened up near me not too long ago and the owner tells me he has been collecting for 20+ years, but he is selling a common date morgan dollar in a PCI holder in "MS70" for $2900. I just dont know if calling him out on it is ok?
I would, but then you will probably be persona non grata there anymore...
I would ask why a PCI coin is the same value as PCGS or NGC. Not even an ANACS graded coin is worth the same as the top two, just be tactful and inquisitive. Whatever you do don’t get judgmental.
@Danthecoinman68 I really wanted to tell him I can get those all day for about 70 dollars because the grade was really about ms63 and artificially toned.
@CoinHELPu thanks for the tip! It's really sad when people get taken advantage of, so I hope it don't sell for what he is asking. Again, thanks for the great content and making people aware!
I didn't understand at first, but Daniel is straight up. Buy a coin from him and find out.
I buy the coins I like for me.. The ultimate goal is to give them to my son if the world doesn't collapse. However, he should not care what I paid for them. It's 100% bonus. I'm not looking to "make money" I'm trying to conserve the value of my money for emergency purposes. I know I'm not getting my premiums back (2022/2023 was rough lol)