My Coin Shop Website portsmouthcoinshop.com/ My Mint State Video ruclips.net/video/dqGwqJEfl_A/видео.html CoinHelpu Community coinauctionshelp.com/forum/index.php
I see you're in N.H.?, I'm in Mass, I'll try to stop in this spring with a couple of each that I have, would appreciate your opinion. Need a couple months as I'm recovering from a broken neck
Semiconductor Shortage = Silver Shortage Silver is the best conductor of electricity, better than copper and gold. 5G, Solar Panels, Electric Vehicle, all need SILVER! Silver price should be $150/oz or 1/10 gold price. KEEP STACKING BEFORE IT FORBIDDEN!!
Hi,I'm from Penang, Malaysia, during school day my hobby is coin collector,now I'm 60 year old and I want to sell my collection,I did went to coin dealer in penang they offer me the price that if I use the money it doesn't last than one month,so I don't sell.
It’s all about money for some people. I remember when Integrity and Helping People meant something and those are two values I was raised on, among others. Some dealers are out for the money and some take their time to educate and won’t rip off people. I prefer to deal with honest dealers and it’s sad but there are times where I too have been ripped off. Great Video Daniel and I wish I lived closer to your shop. You would definitely be my first and only Shop to go to.
"The measure of a person is how they treat someone when they have nothing to gain from them." Thank you Daniel , I've been looking for those words since my first comment here on your channel. You sir, have reinstated my faith in the Numismatic community.
Very impressive Daniel. The more of your videos I look at the more my confidence grows that your the real deal of a genuine professional with tremendous integrity. Keep up the great work and videos.
Sir, Integrity and respect is definitely your base. You’re one in a million I would say. Thank you for sharing your honesty and mindset on how to treat other human beings. Priceless. You will be in business a very long time. God bless!
Hey David, I just want to say thanks so much for all the content you're providing, along with the respectable way in which you represent yourself while doing it. I've been searching and collecting coins for only a few months so I rely on your videos and today I really felt an appreciation for who you are and what you bring to this hobby and to the people within it.
This reminds me of some the people on YT luring you in to watch their video....They start off with "Do you have this coin in your pocket, it could be worth thousands "...lol...when in general, that coin has to be "Proof state " or "mint state " most of the time. You have helped me out, and stopped my foolish thinking that I had struck it rich with certain coins. Love your information.
Thank you once again, Daniel. Yes, leveraging numismatic education and doing comprehensive research provides a measure of protection. Due diligence when selling or buying coins or a house or even a car. Excellent advise, Daniel!!!!
you gotta be one of the honest dealer around, I'm not a collector but watch you almost everytime you cross my RUclips feed, I stack silver myself but leaned a wealth of knowledge from your videos that has actually helped me many times stacking coins thank you for taking time passing on the ups and downs in the world of pressious metals and much more
As a retired contractor, I always play dumb when getting estimates from people. I've averaged about 30 to 50% try to scam me. It's sad. But then I know who to trust.
Was at a coin store waiting my turn. Have been there several times. Well a couple selling coins, needed money someone passed. Well the dealer offered around $600. Small shop you can hear. They said at another place they were offered about half that. I'll be going to that coin shop.👍👍
That really applies to anything and everything you're selling.. I gave my sister a vintage Flying V Gibson guitar years ago that was worth around $700 or more used because she was struggling to pay rent.. She called me the next day saying that guitar was only worth $100 and he gave her $60 for it... What? No way... Yep!! Go up there the next day and they had it for sale for $900.. Crazy Mess for sure... All because she said that she didn't know how to play guitar and she didn't know anything about it... What a complete ass to do someone like that.. and the dude wouldn't even give her a little more money.. Lol He said because a deal is a deal and once the contract is written up he can't go in and change that.. I play in a band and I would buy what I needed from that guitar shop and I've never been back since.. I will drive way out of my way just to avoid him and his shop..
Thank you Daniel! Your videos are excellent, especially for people like me, who have found an interest in coins and need to learn the ropes! You have a great attitude and your professionalism shows.
I have a good friend who is a million + dollar business he built from scratch. He told me his secret one day. He said his secret weapon is being totally honest...to the point if he can direct a client to someone who can do the job for less money, he directs that client there. This has resulted in a lot of clients wanting him to do the work instead b/c his honesty makes for a trust they know will be sure. Its obvious you understand this same concept - it will carry you far. 👍🏻👍🏻👍🏻
You know, Conrad Hilton used to do that. He's the guy who started the Hilton Hotel chain. If a customer showed up and there were no rooms available, the clerk would call other competing hotels and find a room for the customer. This promoted goodwill with the other owners and they would reciprocate for no charge. I guess the point is, not everything you do has to make a profit right this instant. Unfortunately few owners see it that way.
I agree with you. When my dad passed he had some silver coins and my sister offered to find someone to buy them. My sister has had a hard life and looks like she needs the $$. When she told me how little she got, I figured this establishment saw her as a someone who needed money and low balled her and she sold. When i suggested she was taken advantage of of she was hurt .
I once had someone bring me a collection for an appraisal. Turned out to be about $60 face in silver, all commons, with the exception of one 1938-D Walking Liberty in Fine condition. I gave them a spot price, and told them the value of the half. They thanked me for the appraisal, and offered me my choice of coins for the effort. I explained there was only one I'd be interested in, and she said "the half dollar? Take it.". I double checked to make sure she was sure and she handed it to me. Crazy what some people will do.
I agree dealers should help a new collector when he know nothing but will to learn.and I think I just makes you an over all honest person and dealer...
If you're selling coins to the dealer, keep in mind that he/she is not a charity and it is not here to resolve your financial issues. Don't be offended with the fact that dealer has to make a profit on the coins he buys from you. He also assumes financial risk of non-selling of the coins he purchased from you in some reasonable time. You get less money than average market price of your collection, but you get it - now! Dealer has to work, spend time and money in order to make a profit on your coins. If the coin can be sold tomorrow, profit is small... if the coin will be in shop, waiting for a customer for a long time, well, in that case, profit has to be large. Everything is math, like in any other business.
I sold Morgan’s to a dealer in Wilmington, NC. I knew very little and asked them to help pull the “commons”. I wanted to sell commons. On several I accepted 20-30% less than I should’ve. I won’t go back. BUT, it was my responsibility to educate myself prior to selling. So I will except the lesson because I was not prepared. But it bugs me that people that may need the money a lot worse than I do, get ripped off by dealers like this.
True, I never sell a coin... I dont know if will take me years, but its so interesting hobby. I have universal history clases every week since more than 10 years, and when you match this both, its just amazing!!! Just think my history character have this coin I own now in their own hands at their time !! Would be amazing sell one sometime, but that would not happen until I feel I know what I am doing! Thanks Daniel!!! Ana
In my small town there is one coin shop...the guy has counterfeit coins in his display case, and asks NGC prices for junk silver. No way I would waste my time attempting to sell anything there, much less buy. I've sold at bigger shops out of town before, but seem to have MUCH better luck selling on eBay.
@God sees all!!! Fees ARE ridiculous, but if you base your "buy it now" or "starting bid" to reflect those fees....you can still make quite a bit more than selling for spot at a coin shop. Even better is Craigs list, or Facebook market place. TONS of people scan Craigs list for silver.
Yes, no shortage of low lifes in the coin business, but if they're blatantly crooked, word gets around. one dishonest shop owner in my city finally closed his doors because of his reputation. local coin community is a small group.
Counterintuitively, this may be the place where you would get a decent price for selling. A dealer with fake coins in the case may be just naive enough to give you good prices so that he can run your genuine coins up for his "premiums." I think some numasticists just want to be out of the house.
If he's really selling counterfeit coins as genuine then you should contact the Secret Service so they can confiscate his coins. If he's selling counterfeit as counterfeit, you can still contact the Secret Service because counterfeit coins are illegal to own. They'll ask him a lot of questions and then take his stock.
You know, I've never said thanks for making these videos. I was a very avid coin collector in the 70s (yes, I'm that old) when I was a kid. My dad had a red book, and a blue book with words like "proof, fine, etc. and I had to match everything up with my grandmothers 2'x2' box-O-pennies she had been hoarding since, the 1930s? I still have it actually collecting dust. I haven't really bought anything other than silver last year about $20oz. and gave most of that to my nephew and son. Anyway, thanks for getting me interested in coins again and more importantly telling me what and what not to do. You never walk into a dark alley with pocket fulls of dollars, I certainly won't be walking into coin shops ignorant of even etiquette. So again, thanks.
Thanks for that info. You are a good teacher coin hep you is a great site for learning . I appreciate you shating your knowledge with all of us. Your right on .
That's true. It's in the best interest of dealers to foster greater interest and trust in collecting. If the process of selling becomes too stressful, then the number of market participants would decrease significantly. Let's never forget that the real enemy is fiat currency, not each other!
You are absolutely right I live here in Panama City and I went to Corning boy is Larry Leone's it the guy that sold that very expensive vehicle with his worker in there told me that my Kennedy half dollar that is a 1964 Accent Hair in perfect condition was worth face value and nickel I mean silver price I did it for a test just to see if they were honest and I ended up walking out of there a little upset with him because they probably robbed a lot of people
Keep a carbon steel scribe in your pocket, and scribe an x through every coin, the dealer buys from you at melt value, if you are bent on selling the coin(s), you will see in his expression immediately, if he was scamming you.
Good honest advice, thanks Daniel. P.S. On another note: I like the fact that your intro on each video is short and sweet. I stopped watching some of the other RUclipsrs because I got tired of having to fast forward to their subject matter.
tleav61 i really need to sell my coins as soon as possible I have a lot like 1958 pennies 1910 1925 1956 1928 1936 1942 1941 1955 1950 1959 1946 1969 d 1946 1947 ect..1940 nickel buffalo nickel 1941 1950 1951 1955 ect...I have 1975 dimes in good condition 1940 1074 1964 ect...I have all state quarters half dollars, dollar ect.. please i really need to speak with anyone else who wants to buy can email me at jeaneloine1964@gmail.com important
Very good video and as always very honest and authentic... We in India are celebrating Diwali...a festival of lights and here is wishing you a very happy Diwali...
I have so many coins that have been listed on RUclips. Been saving for over 20 to 30 years and would love to finally get them looked at and possibly sell.
Coins in RUclips channels have been graded, you must pay close attention to these videos. You coins must be authenticate and graded, so you must send them off to PCGS or NGC.
@@jeffw1267 I sell raw coins all the time, so not sure what you're trying to tell me here. I am informing this commenter that they have to pay close attention to videos and what they're saying about coins and that most them have graded coins as examples of valuable coins. .
Thanks Daniel- i’m glad you put this out there for anyone trying to figure out information on coins and where to sell them. So many people put their trust in established dealers that may not be trustful. It happens in every specialty. I am a physician and certainly the same is true In medicine as in all professions. It’s the person, not the profession
Theres plenty of dishonesty to go around, and in many professions as well. Arm yourself with knowledge and to the maximum practical extent, don't be helpless.
I went in to a local coin dealer a month ago looking to sell a small amount of junk halves and quarters. I asked if he pays based on spot minus a certain amount. He said he pays 6x face. At the time melt was just under 12x face. I said no thanks. As I walked out he said, "I could go 7x face." I think half melt is too low.
I don't go back to those shops. I also tell anyone I know not to go to those shops. Word of mouth is very important when you aren't a volume dealer. My dad tells the story this way. He once had a farmer 1970's come down to the dealership (about an hour drive away) in his overalls. None of the other salesmen would talk to the farmer. He bought a car off my dad with cash from his overalls, and was very generous with a tip. There's a very important thing to consider in life. I like to say it two ways. 1. You never know what card you're going to draw from the deck. 2. You Never know if the toes you step on today are connected to the foot, leg, hip, and butt you will be kissing tomorrow. Most importantly, because someone isn't good with numbers doesn't mean they wont tell their family about the "Deal" you gave them who is very good with numbers. Quickest way to ruin your business imho.
I don’t know if your still on RUclips. Love your honesty and sober approach to helping folks learn. I’ve just started hunting coins. I have a question of who to go to with a big find. I inherited a few coins. Long story short. I found a 1967 Kennedy half dollar that should weigh 11.5 g like all the others but it weighs 12.5. What’s next for me to do. Appreciate any advice. Steve
That was interesting sir, glad to hear that your an honest individual, in particularly in line of work, I will remember that. Thank you very much !!!✌️😉👍😊
I'm very fortunate, I live in a city with a lot of coin shops. I can shop around, and I do! Unfortunately, I talk to people all over the country who don't have any coin shops anywhere around them. The people around Portland are very lucky.
Everybody has plenty of coin dealers to work with if you count the Internet. I buy all my coins that way and I work with dealers in red states (I live in a blue state so I don't go to the LCSs here).
Good evening sir Daniel ! I know this one was before I started actually looking at the coins values but it is a good video. You should repost it. A lot of us that don't know better would probably do just that. I wouldn't personally but I'm not your average bear. Good info !
One of the major problems I have as being a dealer is the collectors have coins that are nice xf -au and may greysheet for $10.00 to $25.00 but are almost impossible to resell and the public doesn't understand why we can only offer a couple of bucks for them. They honestly will sit in our shop for months. Bullioin and junk silver is easy to get rid of but like most dealers we put high grade common franklins and merc's in our junk bags. We pay scrap and sell them as scrap.
I was wondering how illiquidity would affect the prices dealers pay. I noticed on another coin themed RUclips channel that a guy was randomly buying eBay coin grab bags, and checking to see if he got a good deal. One coin shop did pretty well with it, giving a pretty good deal of stuff obviously no one would have on their list, but would be a pleasant surprise to a young coin collector. (It would seem to be this particular shop's solution to miscellany that wouldn't sell quickly but still resulted in happy customers.)
Look I have a 1952 Australian penny with a inter note stamp I tried to find out what It was worth and they just say priceless I don't know how I ended up with it but I'm glad I did I need to know what's my best way of selling it and coming out the best thank you for the help
Beth Coddington Me too. But since I don’t live near him I feel pretty close being a subscriber and that new collector who might have otherwise walked in to see a coin dealer an did what he just warned not to do. 😊
My sister sold our grandmas 1889CC Morgan around spot price in Seattle I didn’t know much about grading coins then but it had all the hair lines in libertys hair and feathers on the eagle with some toning on the obv. I had told her to never sell to a coin shop she didn’t know anything about Coins and she thought that was the place to go…
i am sure that some would do this.i don't know why.nice video glad i found you even after over 50 years of collecting you still give some good information.
Thank you Sir,When I moved to the USA I was given is gift silver coins,I was grateful for that,down the road I needed money,and didn't know much about prices and this was before internet,the Dealer just took advantage,couple years later he brought his car to the shop I was working and I asked him,will you like in honest price for the job?or will you like me to do business, like you do when you buy coins?
So I rescently inherited my grandfather coin collection, I decided to sell it so I could purchase coins I wanted. The first guy I went to literally just pulled up the prices on his phone and showed us and said he took a percentage off of that. Very transparent even though I just had a very rough idea of price
Unfortunately Daniel that's exactly what I do when I go to my local coin shop I usually walk it and say I know nothing about coins . I usually have a stack of coins some common date some rare and say what would you give me for these if the guy says which is usual I'll give you melt or I'll give you a little less than melt cuz that's what I'll make and I have to make something to obviously I know what I'm dealing with but most guys are pretty honest I would agree with you most coin collectors / dealers for the most part are an honest bunch !!and you can't let a few bad apples spoil that
There is one thing not to do anytime you go to sell anything, Don't go into the business looking hungry. That is a dead give away. Just go in and see what the best offer is. If your happy with that number well it is your option to accept that offer.
The coin dealer in my town was offering 15 CENTS A GRAM as his BUY price for 90% Silver when the spot price was in the low 30's back in 2011. I said "But that's LESS than $5.00 an ounce. He looked at me like SO WHAT I RAN, not walked out of his store (never to return). I think the last time I drove past his place he was out of business. HUH Go Figure... Some coin dealers are only slightly better than used car dealers. It's a shame really and definitely is another reason the hobby is suffering. IMHO
Hello David, I like to thanks so much for your video sharing some knowledge about coin, I have 1854 Seated Liberty Half Dollar and want find out value of that,, Need some your advice,,
My Coin Shop Website portsmouthcoinshop.com/
My Mint State Video ruclips.net/video/dqGwqJEfl_A/видео.html
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Not pound the device sir.
I see you're in N.H.?, I'm in Mass, I'll try to stop in this spring with a couple of each that I have, would appreciate your opinion. Need a couple months as I'm recovering from a broken neck
I found a 2009 d dist of Columbia the glass on his face one's on his cheek and one on his eye tilded have you seen this
Semiconductor Shortage = Silver Shortage
Silver is the best conductor of electricity, better than copper and gold. 5G, Solar Panels, Electric Vehicle, all need SILVER! Silver price should be $150/oz or 1/10 gold price. KEEP STACKING BEFORE IT FORBIDDEN!!
Hi,I'm from Penang, Malaysia, during school day my hobby is coin collector,now I'm 60 year old and I want to sell my collection,I did went to coin dealer in penang they offer me the price that if I use the money it doesn't last than one month,so I don't sell.
"The measure of a person is how they treat someone when they have nothing to gain from them." and this right here earned my subscription Thank You!
Thank you
mine too!
They litterally have thousands to gain
This is what I think. Play dumb to many different coin dealers. Once you've weeded out the crooks, then you know who to deal with.
That's an interesting tactic.
100%
Yup
I like that tactic, but I would employ it on a broader scale than just coins.
Charlie W ✅
It’s all about money for some people. I remember when Integrity and Helping People meant something and those are two values I was raised on, among others. Some dealers are out for the money and some take their time to educate and won’t rip off people. I prefer to deal with honest dealers and it’s sad but there are times where I too have been ripped off. Great Video Daniel and I wish I lived closer to your shop. You would definitely be my first and only Shop to go to.
Why isn't this a commercial yet? Honor is hard to come by these days, well done sir.
"The measure of a person is how they treat someone when they have nothing to gain from them."
Thank you Daniel , I've been looking for those words since my first comment here on your channel.
You sir, have reinstated my faith in the Numismatic community.
THANK YOU for actually getting to the point in the first sentence of the video related to the TITLE. Nobody does this. THANK YOU.
The suggestion is timeless and the motives are noble. Thanks for looking out for the small guy when there is nothing to gain.
Very impressive Daniel. The more of your videos I look at the more my confidence grows that your the real deal of a genuine professional with tremendous integrity. Keep up the great work and videos.
Sir, Integrity and respect is definitely your base. You’re one in a million I would say. Thank you for sharing your honesty and mindset on how to treat other human beings. Priceless. You will be in business a very long time. God bless!
No, there's many like me you just have to find them.
Hey David, I just want to say thanks so much for all the content you're providing, along with the respectable way in which you represent yourself while doing it. I've been searching and collecting coins for only a few months so I rely on your videos and today I really felt an appreciation for who you are and what you bring to this hobby and to the people within it.
His name is Daniel. Smile.
This reminds me of some the people on YT luring you in to watch their video....They start off with "Do you have this coin in your pocket, it could be worth thousands "...lol...when in general, that coin has to be "Proof state " or "mint state " most of the time. You have helped me out, and stopped my foolish thinking that I had struck it rich with certain coins. Love your information.
Thank you once again, Daniel. Yes, leveraging numismatic education and doing comprehensive research provides a measure of protection. Due diligence when selling or buying coins or a house or even a car. Excellent advise, Daniel!!!!
Being an informed seller is as important as being an informed buyer, no matter what you are buying or selling.
John we used to say at the coin shop and educated consumer is our best customer
you gotta be one of the honest dealer around, I'm not a collector but watch you almost everytime you cross my RUclips feed, I stack silver myself but leaned a wealth of knowledge from your videos that has actually helped me many times stacking coins
thank you for taking time passing on the ups and downs in the world of pressious metals and much more
I appreciate that
Thank you for being honest and upfront. It helps me want to serve you as well.
Thanks for the feedback Daniel. Love your comments !!!!!!!
It's the way u break things down about the business ... Respect💯
Thank you for being so honest about coins and customer coming in .
Don’t let them “smell blood” either. Don’t let them think you need to raise money right now, either.
As a retired contractor, I always play dumb when getting estimates from people. I've averaged about 30 to 50% try to scam me. It's sad. But then I know who to trust.
Was at a coin store waiting my turn. Have been there several times. Well a couple selling coins, needed money someone passed. Well the dealer offered around $600. Small shop you can hear. They said at another place they were offered about half that. I'll be going to that coin shop.👍👍
That really applies to anything and everything you're selling.. I gave my sister a vintage Flying V Gibson guitar years ago that was worth around $700 or more used because she was struggling to pay rent.. She called me the next day saying that guitar was only worth $100 and he gave her $60 for it... What? No way... Yep!! Go up there the next day and they had it for sale for $900.. Crazy Mess for sure... All because she said that she didn't know how to play guitar and she didn't know anything about it... What a complete ass to do someone like that.. and the dude wouldn't even give her a little more money.. Lol He said because a deal is a deal and once the contract is written up he can't go in and change that.. I play in a band and I would buy what I needed from that guitar shop and I've never been back since.. I will drive way out of my way just to avoid him and his shop..
@@alostpilgrimsjourney5953 and your friend are a moron if you don't know the whole story
Oh That’s Dirty !! Makes Me Sick ! People like that are a waste of good air ! I Am Soo Sorry That Happened To You & Your Sis.
@@alostpilgrimsjourney5953 WELL.....We See What Category of Person Your In !
@@CarolJDeines Oh Yeah... Crazy Mess for sure... And thank you
That is worth over 100 grand today minimum up to half a million ...when did she sell yours??
Thank you Daniel! Your videos are excellent, especially for people like me, who have found an interest in coins and need to learn the ropes! You have a great attitude and your professionalism shows.
I have a good friend who is a million + dollar business he built from scratch. He told me his secret one day. He said his secret weapon is being totally honest...to the point if he can direct a client to someone who can do the job for less money, he directs that client there. This has resulted in a lot of clients wanting him to do the work instead b/c his honesty makes for a trust they know will be sure. Its obvious you understand this same concept - it will carry you far. 👍🏻👍🏻👍🏻
Same concept here, we do send people to other dealers if we know they're good dealers. I've done it many times.
You know, Conrad Hilton used to do that. He's the guy who started the Hilton Hotel chain. If a customer showed up and there were no rooms available, the clerk would call other competing hotels and find a room for the customer. This promoted goodwill with the other owners and they would reciprocate for no charge. I guess the point is, not everything you do has to make a profit right this instant. Unfortunately few owners see it that way.
I agree with you. When my dad passed he had some silver coins and my sister offered to find someone to buy them. My sister has had a hard life and looks like she needs the $$. When she told me how little she got, I figured this establishment saw her as a someone who needed money and low balled her and she sold. When i suggested she was taken advantage of of she was hurt .
I want to come to ur shop now. Well said and thank u for ur honesty in treating the newbies well.
I once had someone bring me a collection for an appraisal. Turned out to be about $60 face in silver, all commons, with the exception of one 1938-D Walking Liberty in Fine condition. I gave them a spot price, and told them the value of the half. They thanked me for the appraisal, and offered me my choice of coins for the effort. I explained there was only one I'd be interested in, and she said "the half dollar? Take it.". I double checked to make sure she was sure and she handed it to me. Crazy what some people will do.
Solid advice that applies to many buy/sell circumstances. Do your research and shop around.
Thank you. Your videos help so much! We must sell my father's collection to help settle his estate (pay his expenses). Thank you!
I agree dealers should help a new collector when he know nothing but will to learn.and I think I just makes you an over all honest person and dealer...
If you're selling coins to the dealer, keep in mind that he/she is not a charity and it is not here to resolve your financial issues. Don't be offended with the fact that dealer has to make a profit on the coins he buys from you. He also assumes financial risk of non-selling of the coins he purchased from you in some reasonable time. You get less money than average market price of your collection, but you get it - now! Dealer has to work, spend time and money in order to make a profit on your coins. If the coin can be sold tomorrow, profit is small... if the coin will be in shop, waiting for a customer for a long time, well, in that case, profit has to be large. Everything is math, like in any other business.
I sold Morgan’s to a dealer in Wilmington, NC. I knew very little and asked them to help pull the “commons”. I wanted to sell commons. On several I accepted 20-30% less than I should’ve. I won’t go back.
BUT, it was my responsibility to educate myself prior to selling. So I will except the lesson because I was not prepared. But it bugs me that people that may need the money a lot worse than I do, get ripped off by dealers like this.
Your right on target, I'll tell people also to "do your research from several sources"
True, I never sell a coin... I dont know if will take me years, but its so interesting hobby. I have universal history clases every week since more than 10 years, and when you match this both, its just amazing!!! Just think my history character have this coin I own now in their own hands at their time !! Would be amazing sell one sometime, but that would not happen until I feel I know what I am doing! Thanks Daniel!!!
Ana
In my small town there is one coin shop...the guy has counterfeit coins in his display case, and asks NGC prices for junk silver. No way I would waste my time attempting to sell anything there, much less buy. I've sold at bigger shops out of town before, but seem to have MUCH better luck selling on eBay.
@God sees all!!! Fees ARE ridiculous, but if you base your "buy it now" or "starting bid" to reflect those fees....you can still make quite a bit more than selling for spot at a coin shop. Even better is Craigs list, or Facebook market place. TONS of people scan Craigs list for silver.
Yes, no shortage of low lifes in the coin business, but if they're blatantly crooked, word gets around. one dishonest shop owner in my city finally closed his doors because of his reputation. local coin community is a small group.
Counterintuitively, this may be the place where you would get a decent price for selling. A dealer with fake coins in the case may be just naive enough to give you good prices so that he can run your genuine coins up for his "premiums." I think some numasticists just want to be out of the house.
If he's really selling counterfeit coins as genuine then you should contact the Secret Service so they can confiscate his coins. If he's selling counterfeit as counterfeit, you can still contact the Secret Service because counterfeit coins are illegal to own. They'll ask him a lot of questions and then take his stock.
Your a good person teaching people about these Grifters, trying to get people stuff for dirt cheap. Great video my friend.
Sir, I like your integrity and honesty. I Subscribed. Thank you.
Recently I took an 1885CC and an 1890 CC Morgan silver dollar to 2 coin dealers. The first offered me $40 each. The second offered $400 each
You know, I've never said thanks for making these videos. I was a very avid coin collector in the 70s (yes, I'm that old) when I was a kid. My dad had a red book, and a blue book with words like "proof, fine, etc. and I had to match everything up with my grandmothers 2'x2' box-O-pennies she had been hoarding since, the 1930s? I still have it actually collecting dust. I haven't really bought anything other than silver last year about $20oz. and gave most of that to my nephew and son. Anyway, thanks for getting me interested in coins again and more importantly telling me what and what not to do. You never walk into a dark alley with pocket fulls of dollars, I certainly won't be walking into coin shops ignorant of even etiquette. So again, thanks.
you are the only dealer i would even consider selling to ive had nothing but bad experiences in the past
Thanks for that info. You are a good teacher coin hep you is a great site for learning . I appreciate you shating your knowledge with all of us. Your right on .
Thank you.
Always appreciate your honesty and information.
That's true. It's in the best interest of dealers to foster greater interest and trust in collecting. If the process of selling becomes too stressful, then the number of market participants would decrease significantly. Let's never forget that the real enemy is fiat currency, not each other!
You are absolutely right I live here in Panama City and I went to Corning boy is Larry Leone's it the guy that sold that very expensive vehicle with his worker in there told me that my Kennedy half dollar that is a 1964 Accent Hair in perfect condition was worth face value and nickel I mean silver price I did it for a test just to see if they were honest and I ended up walking out of there a little upset with him because they probably robbed a lot of people
Keep a carbon steel scribe in your pocket, and scribe an x through every coin, the dealer buys from you at melt value, if you are bent on selling the coin(s), you will see in his expression immediately, if he was scamming you.
You're the best Daniel good job. I never miss one of your videos
Thank you
Thank you sir for being honest to those who enter your shop. Many know that God does not like those who cheat others.
Correct
Good honest advice, thanks Daniel.
P.S.
On another note: I like the fact that your intro on each video is short and sweet. I stopped watching some of the other RUclipsrs because I got tired of having to fast forward to their subject matter.
tleav61 i really need to sell my coins as soon as possible I have a lot like 1958 pennies 1910 1925 1956 1928 1936 1942 1941 1955 1950 1959 1946 1969 d 1946 1947 ect..1940 nickel buffalo nickel 1941 1950 1951 1955 ect...I have 1975 dimes in good condition 1940 1074 1964 ect...I have all state quarters half dollars, dollar ect.. please i really need to speak with anyone else who wants to buy can email me at jeaneloine1964@gmail.com important
Thanks sir to remind me, you are the good person.. good bless you
Excellent Video Message. tt's just what I needed. Thanks. Out.
Very good video and as always very honest and authentic...
We in India are celebrating Diwali...a festival of lights and here is wishing you a very happy Diwali...
Honesty and integrity is rare these days. Keep it up sir! Just Sub.
VERY RARE.
I have so many coins that have been listed on RUclips. Been saving for over 20 to 30 years and would love to finally get them looked at and possibly sell.
Coins in RUclips channels have been graded, you must pay close attention to these videos. You coins must be authenticate and graded, so you must send them off to PCGS or NGC.
@@CoinHELPu There are people who will buy raw coins even on eBay (I do it sometimes), but be prepared to give a huge discount on them.
@@jeffw1267 I sell raw coins all the time, so not sure what you're trying to tell me here. I am informing this commenter that they have to pay close attention to videos and what they're saying about coins and that most them have graded coins as examples of valuable coins. .
Thanks Daniel- i’m glad you put this out there for anyone trying to figure out information on coins and where to sell them. So many people put their trust in established dealers that may not be trustful. It happens in every specialty. I am a physician and certainly the same is true In medicine as in all professions. It’s the person, not the profession
Yes, perfect example!
Theres plenty of dishonesty to go around, and in many professions as well. Arm yourself with knowledge and to the maximum practical extent, don't be helpless.
I went in to a local coin dealer a month ago looking to sell a small amount of junk halves and quarters. I asked if he pays based on spot minus a certain amount. He said he pays 6x face. At the time melt was just under 12x face. I said no thanks. As I walked out he said, "I could go 7x face." I think half melt is too low.
Gregg H 7x face? Wow. How generous of him. Did he think they were car wash tokens?
I don't go back to those shops. I also tell anyone I know not to go to those shops. Word of mouth is very important when you aren't a volume dealer. My dad tells the story this way. He once had a farmer 1970's come down to the dealership (about an hour drive away) in his overalls. None of the other salesmen would talk to the farmer. He bought a car off my dad with cash from his overalls, and was very generous with a tip. There's a very important thing to consider in life. I like to say it two ways. 1. You never know what card you're going to draw from the deck. 2. You Never know if the toes you step on today are connected to the foot, leg, hip, and butt you will be kissing tomorrow. Most importantly, because someone isn't good with numbers doesn't mean they wont tell their family about the "Deal" you gave them who is very good with numbers. Quickest way to ruin your business imho.
youKnowWho3311 Great story and words to live by.
I don’t know if your still on RUclips. Love your honesty and sober approach to helping folks learn. I’ve just started hunting coins. I have a question of who to go to with a big find. I inherited a few coins. Long story short. I found a 1967 Kennedy half dollar that should weigh 11.5 g like all the others but it weighs 12.5. What’s next for me to do. Appreciate any advice.
Steve
That was interesting sir, glad to hear that your an honest individual, in particularly in line of work, I will remember that. Thank you very much !!!✌️😉👍😊
I'm very fortunate, I live in a city with a lot of coin shops. I can shop around, and I do! Unfortunately, I talk to people all over the country who don't have any coin shops anywhere around them. The people around Portland are very lucky.
So where would i go in Portland that you could recommend?
Everybody has plenty of coin dealers to work with if you count the Internet. I buy all my coins that way and I work with dealers in red states (I live in a blue state so I don't go to the LCSs here).
A nice explanation sir.godbless!
Excellent advice ! Hope everyone heeds it !
Truer words have never been spoken!!
Good evening sir Daniel ! I know this one was before I started actually looking at the coins values but it is a good video. You should repost it. A lot of us that don't know better would probably do just that. I wouldn't personally but I'm not your average bear. Good info !
Thank you kindly for what you do!!!Blessings of PEACE HEALTH LOVE AND LIGHT!!!!!! !!!!!!!!!
One of the major problems I have as being a dealer is the collectors have coins that are nice xf -au and may greysheet for $10.00 to $25.00 but are almost impossible to resell and the public doesn't understand why we can only offer a couple of bucks for them. They honestly will sit in our shop for months. Bullioin and junk silver is easy to get rid of but like most dealers we put high grade common franklins and merc's in our junk bags. We pay scrap and sell them as scrap.
We card and sell them, and the low grade commons we just sell as constitutional. Yeah, can't pay too much for raw and common coins.
I was wondering how illiquidity would affect the prices dealers pay. I noticed on another coin themed RUclips channel that a guy was randomly buying eBay coin grab bags, and checking to see if he got a good deal. One coin shop did pretty well with it, giving a pretty good deal of stuff obviously no one would have on their list, but would be a pleasant surprise to a young coin collector. (It would seem to be this particular shop's solution to miscellany that wouldn't sell quickly but still resulted in happy customers.)
Look I have a 1952 Australian penny with a inter note stamp I tried to find out what It was worth and they just say priceless I don't know how I ended up with it but I'm glad I did I need to know what's my best way of selling it and coming out the best thank you for the help
Just subscribed - looking forward to learning more!
Thank you!
Thanks and welcome
Good advice for everyone. A little knowledge goes a long way.
I wish I lived close to your shop, Daniel. I'd be a regular!
Beth Coddington Me too. But since I don’t live near him I feel pretty close being a subscriber and that new collector who might have otherwise walked in to see a coin dealer an did what he just warned not to do.
😊
I as well.
My sister sold our grandmas 1889CC Morgan around spot price in Seattle I didn’t know much about grading coins then but it had all the hair lines in libertys hair and feathers on the eagle with some toning on the obv. I had told her to never sell to a coin shop she didn’t know anything about Coins and she thought that was the place to go…
Thanks for a very informative advice.
Very handy little piece of information. Great topic today as always. I hope you never run out of material for this channel. As always, thanks daniel
Thank you for your honesty it's refreshing to hear truth
Great video and professionalism
i am sure that some would do this.i don't know why.nice video glad i found you even after over 50 years of collecting you still give some good information.
They say it to me at least once or twice a week.
Thank you Sir,When I moved to the USA I was given is gift silver coins,I was grateful for that,down the road I needed money,and didn't know much about prices and this was before internet,the Dealer just took advantage,couple years later he brought his car to the shop I was working and I asked him,will you like in honest price for the job?or will you like me to do business, like you do when you buy coins?
Thank you for the advice.
Thank you! EXCELLENT advice.
Well said... Thanks Daniel, very informative. Keep it up, and More Power!
You are my favourite Yankee coin-head. Cheers from Australia, J//
What if uhave esinhower coin from 1776 to1976
You made me want to meet you, watching this video. It's the only one I've seen of you but you come across as an awesome person.
Thank you
Thanks for sharing, all the best from the UK!
Thank you so much ,
Thanks for your advise 😄👍
... thanks for telling it like it is, Rock solid info!
So I rescently inherited my grandfather coin collection, I decided to sell it so I could purchase coins I wanted. The first guy I went to literally just pulled up the prices on his phone and showed us and said he took a percentage off of that. Very transparent even though I just had a very rough idea of price
That's better than any other type of business. Try selling a car to a dealer.
Great info! Thank you!!
Thank you for sharing this information Daniel
Thanks for the info Daniel
Unfortunately Daniel that's exactly what I do when I go to my local coin shop I usually walk it and say I know nothing about coins . I usually have a stack of coins some common date some rare and say what would you give me for these if the guy says which is usual I'll give you melt or I'll give you a little less than melt cuz that's what I'll make and I have to make something to obviously I know what I'm dealing with but most guys are pretty honest I would agree with you most coin collectors / dealers for the most part are an honest bunch !!and you can't let a few bad apples spoil that
Great video thank you for the tips and for kieeping the integrity bar high. Regards
Thanks for the reminder of common sense.
There is one thing not to do anytime you go to sell anything, Don't go into the business looking hungry. That is a dead give away. Just go in and see what the best offer is. If your happy with that number well it is your option to accept that offer.
Ethics is a cornerstone of any good business. Thanks for the info.
Good solid advice especially for newbies!
The coin dealer in my town was offering 15 CENTS A GRAM as his BUY price for 90% Silver when the spot price was in the low 30's back in 2011.
I said "But that's LESS than $5.00 an ounce.
He looked at me like SO WHAT
I RAN, not walked out of his store (never to return).
I think the last time I drove past his place he was out of business. HUH Go Figure...
Some coin dealers are only slightly better than used car dealers.
It's a shame really and definitely is another reason the hobby is suffering. IMHO
Hello David, I like to thanks so much for your video sharing some knowledge about coin, I have 1854 Seated Liberty Half Dollar and want find out value of that,, Need some your advice,,
Awesome information Daniel! Thank you for sharing!
Type in the coin year and mint mark on ebay and see what they are selling for and go from there
Thank you for having a conscience