My moms a banker, and she bought a box of pennies, and I found 4 Indian heads, a few older Canadian, a few steels, several dollars of Wheaties and a MERC! Talk about starting the new year off right!!
Your videos inspired me many years ago to buy and sell coin collections!! Last week I made two purchases with a 1000€ profit. I’m so thankful for your advices! Greetings from Germany
I'll ask the same question several others have asked:. How do you find the collections? If I wanted to get started in this, how do I find sellers? Also, if you're buying at a yard sale or something, and they want to just get rid of it, how do you give them a fair price? Do you let them set the price it do you make an offer? Thanks for the info! Happy New year!!
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step. At garage sales, if there is a stated price, I pay it or haggle. If they bring it out for me (meaning they weren't prepared to sell it), I give them a fair price after looking through it
In my experience the finding an buying the coins or collections is the easy part. My problem is finding where to sell them for a decent profit without hitting the spot trolls or craig's list mentality guys...
Great information on buying a collection! Could you also do a video on how you sell coins once you’ve bought a collection? Like are you selling locally, selling on eBay, or what avenues do you sell the coins?
www.ngccoin.com/price-guide/world/panama-20-balboas-km-31-1972-1976-cuid-1080980-duid-1513972 they melt now for $102 but if they are in near perfect condition here are those values
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step
@Trident Stacking You should set dates for when you want to buy a bit of silver. I have an uncle who has been been buying an ounce of silver monthly for about 4 years. He’s currently at about 60 ounces. That’s like $30 a month. Start collecting when the price is low.
Silverpicker, New sub to your channel but not a new viewer. Like the videos. Keep up the great work. Have you had times where it was frustrating negotiating with prospective deals? Are yard sale/estate sales easier to secure?
Thanks so much for subbing! Absolutely. I have walked away from dozens of deals. "I can't pay you $500 for a circulated common date Morgan dollar. No, that's not the one you saw on Pawn Stars." Every deal (i.e. every person) you work on will be different. Some are good, some are frustrating
Hey Silverpicker, great video! I was wondering how you come across collections like this. I would love to buy more coins from people but I don't know how to go about advertising and letting people know that I would buy their collections. (Other than through RUclips)
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step
"Canoe coins" ! lol. They're called Voyageur silver dollars. Do you test the Morgans or Peace dollars for fakes? if so, how do you test? Happy New Year btw!
Hi SP, as you know, I’ve been working on organizing my huge collection for nearly a year now, separating like you just did, and putting in spreadsheets. I’ve pulled and gave away at least 5K wheat cents that I didn’t think were sellable quality, I rolled and took to the bank another $5K face value in coins. I still have another couple months worth of work left in the organizing step before I’m ready to try and sell my collection. My hope was to sell entire coin and currency collection as a whole. After talking to you previously on this, I realize I will most likely have to separate and sell Coins as one collection and Currency as another collection. So after seeing this video, and realizing it was mostly precious metal coins you purchased, my questions are more towards the “other” coins. So how as a holder of both clad and precious metal coins do I find a buyer that doesn’t “Cherry-pick” me? I’m hoping all my precious metal coins will attract buyers and I can sell everything together, kind of a take it all, or don’t take anything. Do you think buyers, especially like you, who are going to re-sell most of it, will find value in the work that’s been done to help make it re-sellable? What I mean there is, it’s not just a truckload of raw items you have to search, sort, separate, research, and put in spreadsheets. All that work has or is being done. When I’m ready to sell, there are already over 25K (circulated) coins in 2X2 flips, separated by types in boxes, further separated by date and mint mark, with dividers, and all in spreadsheets. 95% of all the UNC coins are still in Govt, or bank packaging, but sorted, organized and in spreadsheets. All circulated (and some UNC) currency is in individual sleeves or top loaders, the BEP packs are bubble wrapped, and each note is listed in spreadsheets as well. So will all this work help me get to my goal of finding a buyer, and getting a fair price, and not be left with a bowl full of Cherry Pitts? What further advice could you offer towards my prepping to find buyers that both sides feel happy in the deal?
Hey Snoopy! It's definitely a conundrum, but it's something that I talk a lot about in my upcoming video this week. I have some thoughts on it that we can discuss in the discord. Shoot me a DM on there to remind me. Let's just say that you have good problems lol
Gold is almost never alloyed with anything but copper for coins. Copper make the coins more durable while keeping the gold color. Silver is also alloyed with gold, this happens with pioneer and ancient coins. Some older roman coins used alloy of silver and gold called electrum. BUT If it's magnetic, the coin is iron or steel that is gold plated.
Great Video Silverpicker. I don't do Instagram and therefore was wondering if there is an alternative way to reach out you regarding coin purchase from this lot. Thanks
What is the difference between the stime it takes to sell a popular American silver coin such as a Morgan versus a respected but less popular foreign bullion coin (eg. Mexican Gold pesos)?
Much, much longer. I can sell Morgans really easily. Usually what happens with the foreign coins is that someone comes along every so often and wants to buy everything, but that might only be once or twice a year
@@Silverpicker That's a shame really. In my opinion Morgan dollars are some of the most overrated coins in American numismatics. Of course there are some nice scarcities and rarities here and there but overall he population of common date coins across VF - Au condition is quite high for a coin series its age and there are much scarcer series out there ( Standing Liberty Quarters for example which has some popularity still do not match the mania for Morgans). I avoid Morgans -- most of them. Design doesn't attract me too much but I would buy a scarce date in AU/low MS if I got a great price. Otherwise I think there are more Morgans valuable for their bullion content than those for their numismatic value. As the coin is large, that is a nice advantage for stackers. PS. I don't do Instagram but if you ever have $1 or $2.5 dollar gold coins let me know. Also on another topic, added another coin to my Palestine collection 1940 20 Mils.
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step
9:44 what did I see there! Is that a Chinese Yun-nan Province dragon dollar? Those are worth $2000+ in China right now. Should definitely send that to PCGS for verification.
what is your lowest seller's premium on junk silver, rounds and coins. i have some small ambition to teach myself to make jewelry, but am not interested in wire wrap or such. and i know i'll never be able to work with gold at near $2000 an ounce.
I sell some junk silver at spot, but everything I have left is $2/ozt over spot. You're welcome to purchase it if you want. Email me at thesilverpicker@gmail.com
Hello - love your show and the education I get. Thank you I want to get your opinion on one side of being known as the coin collection buying guy and that is security. I’m not too much of a stacker myself (partially because of security concerns - real or imagined) but deal more with mining stocks. Being known for buying coin collections could attract the wrong crowd at some point. People know a coin buying guy has a) cash available and b) stores of silver and gold. Many total stackers have told me the least people know the better. I know that goes directly against building up a good reputation of giving fair values for collections. I would love to hear your thoughts on the security/self-protection part of the business. In these tough economic times that becomes more and more important. Thank you again.
I think you make really good points. For me, I try and reduce these risks as best I can. I don't keep any precious metals at home and I also don't carry around cash to deals with people I don't know. Almost all of my deals at this point are through referrals, so it's slightly less dangerous. I also don't go to any deals with unvetted people alone.
Hey silver picker for that collection of coins that you have in this video I'll give you 90$ for it I'm a coin collector to and dont have much coins so can I please have that collection but I love coins so please can I have the colectoin
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step
If it wasn't a lifelong endeavor to build it, and if I didn't treasure it and enjoy it, it would be pretty wild to watch you try to sort and figure out my collection!!! Very little of this technique would apply :)
Happy New Year and would love to find someone i can buy collections from for spots lacking in collection and also silver for future to stack and keep for passing down or if economy crashes and requires me to have alternative form of money that is truly viable..thanks for such great videos,keep up the good work
Did I hear right you are trying to get junk silver at 25% under spot? Where do you find these people? LOL Would you buy my gold for the same price? LOL
@@Silverpicker So the actual answer would be: You build up contacts and via that, referrals, so to those who are learning from your vid: There is no quick way to do this, it takes years of contacting people to even get started? But that does not tell us how you found or sourced those contacts.. The question as a whole remains unanswered.
@@captaincornholio6499 i know. This channel has the best clickbait titles and thumbnail. So interesting title and pic but in the video he never says ANYTHING about how to get those good deals, how much he made, how much he bought for it. Its very very secretive and yet he makes such long videos about nothing. Just my opinion
![Quando Rondo - Grow Up [Official Music Video]](http://i.ytimg.com/vi/8zFnCg3BO4Q/mqdefault.jpg)
My moms a banker, and she bought a box of pennies, and I found 4 Indian heads, a few older Canadian, a few steels, several dollars of Wheaties and a MERC! Talk about starting the new year off right!!
My sister is that’s where I get most of my collection
Heck yeah!
Mercury dime in your penny box? Ok
Your videos inspired me many years ago to buy and sell coin collections!!
Last week I made two purchases with a 1000€ profit. I’m so thankful for your advices!
Greetings from Germany
Holy moly! That's awesome! Where's my cut 😜?
I'll ask the same question several others have asked:. How do you find the collections? If I wanted to get started in this, how do I find sellers?
Also, if you're buying at a yard sale or something, and they want to just get rid of it, how do you give them a fair price? Do you let them set the price it do you make an offer?
Thanks for the info!
Happy New year!!
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step. At garage sales, if there is a stated price, I pay it or haggle. If they bring it out for me (meaning they weren't prepared to sell it), I give them a fair price after looking through it
+
In my experience the finding an buying the coins or collections is the easy part. My problem is finding where to sell them for a decent profit without hitting the spot trolls or craig's list mentality guys...
What about eBay?
@@Silverpicker I was burned by ebay a few times, now I'm gunshy of it.
Sell it on mercari.com thats what I use make sure to put in the description that all the items are collectable not ordinary currency.
I am an 8 year numismatist and I found a 2022 quarter! I also really like this video, its perfect.
When he calls Canadian coins foreign I think that’s weird because I’m from Canada and it’s opposite to me
Sometime you find really good prices on canadian coins on "foreign" lots ;p
I know, I know, I have a very US centric outlook 😁
It’s really cool though
Excellent public speaking,no umms ,stammering or pausing. Knowledge with passion easy to watch.
Thank you so much for the lovely comment :)
Really like your process! I view it from a similar perspective from the margins to the importance of reputation to the small details. Great listen!
Thanks Christian! Glad you enjoyed it!
Great information on buying a collection! Could you also do a video on how you sell coins once you’ve bought a collection? Like are you selling locally, selling on eBay, or what avenues do you sell the coins?
I think that's a good idea for a video for sure!
How do you value the 20 balboas coins? So cool! I'm not familiar. Is it just silver value, or is there numismatic value?
www.ngccoin.com/price-guide/world/panama-20-balboas-km-31-1972-1976-cuid-1080980-duid-1513972 they melt now for $102 but if they are in near perfect condition here are those values
@@nathanm5500 thanks!
Your the RUclipsr I watch every day and get me so exited to see all the different coins out there thanks so much
Thank you so much Jennelle! That's so nice :)
Very informative! I can’t wait till things open up so we can actually get out there!
Cool username btw
SAME
I thought you were going to explain how you buy collections bc I would love to find them to buy also
Thank you very much that was really well informed. I lost a deal because it took too long I think I'll get him back thanis
Dang dude you're close to 100k subs these days huge congrats!
Thanks man! At this rate I'll hit 100k by summer. Hope to get there sooner :) Congrats to you on breaking the 5k mark too!
A year later, yes
Cool video silverpicker this was very helpful keep it up DUDE!!!
So glad you enjoyed!
Awesome! If I buy it for say 75% of the value and take it to a coin shop, would I make any money?
Happy New Year 🎊
You Too!!
Happy New Year everyone! 👈🏻keep stacking man!
Thanks Mike! You Too!
How do you find collections to buy .
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step
I would like to know the best platform to advertise that you buy collections. Thanks!
Happy new year.
you too Andrew!
Maybe when i'm retired, but until then: "aint nobody got time for that!"
😂😂😂
@Trident Stacking
You should set dates for when you want to buy a bit of silver. I have an uncle who has been been buying an ounce of silver monthly for about 4 years. He’s currently at about 60 ounces. That’s like $30 a month. Start collecting when the price is low.
@@rickylafleur9601 that’s a great way to do it, thanks 👊
Happy new year SP!
You too!
Silverpicker, New sub to your channel but not a new viewer. Like the videos. Keep up the great work. Have you had times where it was frustrating negotiating with prospective deals? Are yard sale/estate sales easier to secure?
Thanks so much for subbing! Absolutely. I have walked away from dozens of deals. "I can't pay you $500 for a circulated common date Morgan dollar. No, that's not the one you saw on Pawn Stars." Every deal (i.e. every person) you work on will be different. Some are good, some are frustrating
Wait. Cull Morgans went for $20 in December? I can't find them for less than $32 each now.
A year ago they were $12_$15 and yes a month ago they were $32-$33 today (5-18) I'm seeing them @$40. This is nuts
Happy New Year.
You too Jeff!
Hey Silverpicker, great video! I was wondering how you come across collections like this. I would love to buy more coins from people but I don't know how to go about advertising and letting people know that I would buy their collections. (Other than through RUclips)
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step
where and how do sell what you buy.
I sell directly with people via email or Instagram. If you're interested in anything, shoot me an email at thesilverpicker@gmail.com
To be honest i was really interested in how you evaluate a coin collection on markets as you have to evaluate them fast.
What do you mean by markets? Like flea markets?
@@Silverpicker yes
Silverpicker when will you make a video of updating your banknote type set because that video was fascinating
Not sure exactly when, but definitely this year!
Ok thank you for replying!
(this should be named 'how I sort and value', not 'how I buy'.... but great info!)
"Canoe coins" ! lol. They're called Voyageur silver dollars. Do you test the Morgans or Peace dollars for fakes? if so, how do you test? Happy New Year btw!
I test them using my magnet slide and do a weight test. That's usually sufficient
Happy new year
You too Marni!
I like ur explanations, Sir
Great tips. Really enjoyed the video.
Thanks J! Glad you enjoyed!
Hi SP, as you know, I’ve been working on organizing my huge collection for nearly a year now, separating like you just did, and putting in spreadsheets. I’ve pulled and gave away at least 5K wheat cents that I didn’t think were sellable quality, I rolled and took to the bank another $5K face value in coins. I still have another couple months worth of work left in the organizing step before I’m ready to try and sell my collection. My hope was to sell entire coin and currency collection as a whole. After talking to you previously on this, I realize I will most likely have to separate and sell Coins as one collection and Currency as another collection. So after seeing this video, and realizing it was mostly precious metal coins you purchased, my questions are more towards the “other” coins. So how as a holder of both clad and precious metal coins do I find a buyer that doesn’t “Cherry-pick” me? I’m hoping all my precious metal coins will attract buyers and I can sell everything together, kind of a take it all, or don’t take anything. Do you think buyers, especially like you, who are going to re-sell most of it, will find value in the work that’s been done to help make it re-sellable? What I mean there is, it’s not just a truckload of raw items you have to search, sort, separate, research, and put in spreadsheets. All that work has or is being done. When I’m ready to sell, there are already over 25K (circulated) coins in 2X2 flips, separated by types in boxes, further separated by date and mint mark, with dividers, and all in spreadsheets. 95% of all the UNC coins are still in Govt, or bank packaging, but sorted, organized and in spreadsheets. All circulated (and some UNC) currency is in individual sleeves or top loaders, the BEP packs are bubble wrapped, and each note is listed in spreadsheets as well. So will all this work help me get to my goal of finding a buyer, and getting a fair price, and not be left with a bowl full of Cherry Pitts? What further advice could you offer towards my prepping to find buyers that both sides feel happy in the deal?
Hey Snoopy! It's definitely a conundrum, but it's something that I talk a lot about in my upcoming video this week. I have some thoughts on it that we can discuss in the discord. Shoot me a DM on there to remind me. Let's just say that you have good problems lol
Silver Picker how much over spot should you pay for common date circulated morgan and peace dollars as a businessman.
I pay 75-85% of the market value of the coin. So if they typically sell for $25 I pay about $19
Do you value things differently if you intend to keep it for yourself?
When selling how do you sell the lower silver like war nickels is it a good investment thats easy to sell and price should I buy them at
I just got a series 2017 $10 66666477 like new. Valuable?
Were gold coins never mixed with a metal that's magnetic? Or were the specific coins listed as non-magnetic?
Gold is almost never alloyed with anything but copper for coins. Copper make the coins more durable while keeping the gold color. Silver is also alloyed with gold, this happens with pioneer and ancient coins. Some older roman coins used alloy of silver and gold called electrum. BUT If it's magnetic, the coin is iron or steel that is gold plated.
Hi. The Pkekran review liked it. Like🙂
What's Pkekran?
@@Silverpicker Mistake, this is a great video
Great Video Silverpicker. I don't do Instagram and therefore was wondering if there is an alternative way to reach out you regarding coin purchase from this lot. Thanks
Absolutely! email me at thesilverpicker@gmail.com
You going to do a video on the other side of the deal - where and how you sell the coins?
That's a great idea! I will
Hey I reached out last video about the Canadian ladder note. I'd like to purchase it. I'm not on any social media. Do you have an email?
Hello Landon, here is silver pickers email
thesilverpicker@gmail.com
thesilverpicker@gmail.com I'm taking offers on it 😁
Are you selling the two pesos Mexican coin? I been looking for one but haven't been able to find any. I'll definitely buy it off of you.
Nope, that one I'm holding onto 😁
@@Silverpicker Np if you ever change your mind feel free to Email me itzflaco@gmail.com and ill get it off your hands. Happy new year.
What is the difference between the stime it takes to sell a popular American silver coin such as a Morgan versus a respected but less popular foreign bullion coin (eg. Mexican Gold pesos)?
Much, much longer. I can sell Morgans really easily. Usually what happens with the foreign coins is that someone comes along every so often and wants to buy everything, but that might only be once or twice a year
@@Silverpicker That's a shame really. In my opinion Morgan dollars are some of the most overrated coins in American numismatics. Of course there are some nice scarcities and rarities here and there but overall he population of common date coins across VF - Au condition is quite high for a coin series its age and there are much scarcer series out there ( Standing Liberty Quarters for example which has some popularity still do not match the mania for Morgans).
I avoid Morgans -- most of them. Design doesn't attract me too much but I would buy a scarce date in AU/low MS if I got a great price.
Otherwise I think there are more Morgans valuable for their bullion content than those for their numismatic value. As the coin is large, that is a nice advantage for stackers.
PS. I don't do Instagram but if you ever have $1 or $2.5 dollar gold coins let me know. Also on another topic, added another coin to my Palestine collection 1940 20 Mils.
How do you find the people that want to sell? I think I could come up with offers but don't know how to find the people who want to unload things.
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step
9:44 what did I see there! Is that a Chinese Yun-nan Province dragon dollar? Those are worth $2000+ in China right now. Should definitely send that to PCGS for verification.
That was actually from a different collection...and it's fake :(
@@Silverpicker Sorry to hear that :(
Wow that seller is lazy... Those bullion coins would have fetched 33% more ANYWHERE.
Exactly. An lcs would probably pay 98% of melt for bullion, while silver picker is paying 75% honestly not fair for bullion
Where are you finding LCS's paying 98% for bullion? I've never seen even close to that anywhere outside of NYC diamond district
what is your lowest seller's premium on junk silver, rounds and coins. i have some small ambition to teach myself to make jewelry, but am not interested in wire wrap or such. and i know i'll never be able to work with gold at near $2000 an ounce.
I sell some junk silver at spot, but everything I have left is $2/ozt over spot. You're welcome to purchase it if you want. Email me at thesilverpicker@gmail.com
Looks cool
Hello - love your show and the education I get. Thank you
I want to get your opinion on one side of being known as the coin collection buying guy and that is security. I’m not too much of a stacker myself (partially because of security concerns - real or imagined) but deal more with mining stocks. Being known for buying coin collections could attract the wrong crowd at some point. People know a coin buying guy has a) cash available and b) stores of silver and gold. Many total stackers have told me the least people know the better. I know that goes directly against building up a good reputation of giving fair values for collections. I would love to hear your thoughts on the security/self-protection part of the business. In these tough economic times that becomes more and more important. Thank you again.
I think you make really good points. For me, I try and reduce these risks as best I can. I don't keep any precious metals at home and I also don't carry around cash to deals with people I don't know. Almost all of my deals at this point are through referrals, so it's slightly less dangerous. I also don't go to any deals with unvetted people alone.
cc morgan at 16 dollars, what is this madness?
Bygone days lol
I would love to be able to do this but don't have the resources. I am into foreign junk silver. Really enjoyed this video.
Thanks Bob! Glad you enjoyed.
Do a collab with SpegTacular (Another coin youtuber)
I did a mini collab with him a few weeks ago in my video asking questions to many other RUclipsrs
Hey silver picker for that collection of coins that you have in this video I'll give you 90$ for it I'm a coin collector to and dont have much coins so can I please have that collection but I love coins so please can I have the colectoin
What is your favorite coin
US Trade Dollars
interesting
I collect copper coins mostly wheat cents. Some silver. Any comments to help
What are your goals with collecting? For fun? Investment?
Nice hoodie
Thanks Guy! You can get one here 😁 teespring.com/stores/silverpicker
Where do you find the collection to buy?
Years of building a network and telling everyone I know to refer me when they hear about someone selling their collection. Printing business cards is a good first step
@@Silverpicker Ok Thanks.
If it wasn't a lifelong endeavor to build it, and if I didn't treasure it and enjoy it, it would be pretty wild to watch you try to sort and figure out my collection!!! Very little of this technique would apply :)
I would say, "You keep it. Let's go for a beer instead" 😂
Happy New Year and would love to find someone i can buy collections from for spots lacking in collection and also silver for future to stack and keep for passing down or if economy crashes and requires me to have alternative form of money that is truly viable..thanks for such great videos,keep up the good work
So glad you're enjoying the vids Richard!
How do you determine a realistic market value for a particular date?
I'd figure ebay sold auctions.
That's exactly right. Also heritage auctions and worthpoint
Happy New Years. As always, very informative.
Thanks Jason! To you too :)
Happy new year's love your video's
You too! Thanks!
Nice
Nice Vid
Thanks!!
Hi sir old coines Notes sikka it sell
Flippers and scalpers can burn in Hell.
Oh and that coin collection that you have looks alot like the coin collection that got stolen from me
Is that so? Tell me about what was hidden under the 20 balboa in the blue box and we'll see
Ok
Mike?? Check
I have same of this coins more than ten how can I communicate with you via email or contact.
thesilverpicker@gmail.com
I want to learn
You've come to the right place
The bummer thing is younger people don't have that money.
Yep same and as a young teen I'd rather not have to sell all my silver so I could make at max a $1000 purchase.
That will change when you start working. You have plenty of time. I couldn't do this when I was in high school either lol
Did I hear right you are trying to get junk silver at 25% under spot?
Where do you find these people? LOL
Would you buy my gold for the same price? LOL
first
He has more to lose than you do. If his coins get lost in shipping its a total loss.
No. Insurance
wow
I messaged you on Facebook messages. Can you message back
👌
👍
The problems with all your valuable info is that men connect with a parasite and down goes all their assets and ability to do a hobby...
I think he's referring to his ex wife 😬
How do you find the collections you buy?
I've built up a network of customers over many years. Most come through referrals from past customers
@@Silverpicker So the actual answer would be: You build up contacts and via that, referrals, so to those who are learning from your vid: There is no quick way to do this, it takes years of contacting people to even get started? But that does not tell us how you found or sourced those contacts.. The question as a whole remains unanswered.
@@captaincornholio6499 i know. This channel has the best clickbait titles and thumbnail. So interesting title and pic but in the video he never says ANYTHING about how to get those good deals, how much he made, how much he bought for it. Its very very secretive and yet he makes such long videos about nothing. Just my opinion
@@abhaychavda3354 Yeah channels that do this crap are not worth the watch, give real information not just word soup please.
@@captaincornholio6499 i totally agree