Can Beginners MAKE MONEY From Coin Collecting?
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- Опубликовано: 15 сен 2024
- In this video I visit Harry's Coin Shop and we talk about silver, gold, and coin collecting! We talk about making money off of coins and if new coin collectors can turn a profit. Harry has some words of wisdom regarding coin collecting. We talk about what coins to avoid and how to make money from buying or selling coins. We talk about some coin collecting tips and how you can get burned collecting coins as well. This can be seen as a coin collecting for beginners guide and also a coin collecting 101 video. When it comes to coin collecting coin values, you need to be able to understand coin grading. Coin grading can be a very helpful skill when it comes to knowing a coin's value. I hope this video was helpful to new coin collectors. Let me know if you want to see more videos about coin collecting in 2023.
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Topics I cover in this video: coin collecting, coin collecting for beginners, coin collecting coin values, coin collecting 101, coin collecting tips, coin collecting problems, can you make money coin collecting, coin collector, coin collectors, collecting coins, coin shop, coin dealer, coin store, investing in silver, investing in gold, fake coins, fake silver coins, fake gold coins, silver price, gold price, silver stacking, silver investing, buying silver, coin shop owner, coin dealer, bullion dealer, local coin shop, silver coins, silver bars, silver rounds, junk silver, gold coins, silver stack, silver stacker, coin shop video, harry's coin shop
#silver #gold #coins
i get fomo if i dont click on Harry's coin shop videos
Same
Really it is the one kind of coin shop video I have to click on. All the guys there seem great to be around
Facts😂😂
Praise be, our lord and savior Harry the coin dealer 🎉🎉
Me too.
I recently got re-bitten by the silver bug after misplacing my stack for about a year. I uses to watch Silver Dragon's videos before he started having Harry on.
I really like watching Yankee Stacking and his LCS guy too.
Richard needs his own channel. A wealth of knowledge with him.
No he is a nerd
In the videos he is nice in person he is a arrogant chump
@@Matt.P.wouldn’t that then imply that you’re a dummy?😂
@@Matt.P.says the idiot learning from him
A nerd your mama couldn't shy away from.@@Matt.P.
I have nothing with gold or silver but watching Harry, Adrian and Richard talk about their passion is just very fun to see and makes me watch every video of them 😂
I love when you go to HARRYS shop.
He is such a NICE man. He always wants the BEST for his customer's
All 3 guys are very personable and all 3 compliment each other. I enjoy hearing their opinions.
Drove from Spokane to the Oregon coast but made a stop and met Harry yesterday and traded some coins for a silver Liberty. He's a nice guy.
with all the craziness in the world ....these three gentlemen are a breath of fresh air,,,,,thanks so much
I had the pleasure today to make my first purchase from Harry… he walked me through the various government issue rounds he had available and we were able to make a deal! I live on the east coast, such a bummer I won’t ever meet these guys in person…
That one guy is a giant! He’s also very good at what he does.
What a Fountain of Knowledge, These Guys are Worth their Weight in Gold!!
A visit to Harry's is a must watch. What a great bunch of guys.
Cant u make Harrys coinshop like a regullar weekly show? Ive watched so many of them and still want to see more :)
Agreed
These Harry's Coin Shop guys are a wealth of information. Sure glad you visit with them often.
Out of all the coin shop videos, this team is my favorite :)
A trip to a coin shop is always fun! Great video!
Please have more videos with Harry and Adrian. Love listening to those guys. Very honest and humble men
I scored some vintage Trade Units at Harry's when I went. Was wanting them and was happy to see them! :)
I really like this Coinshop, Harry and all the guys. I shop here the Prices are very fair and the Comraudery cant be beat. Very Professional and friendly.
Richard is a wealth of knowledge. So interesting listening to his perspectives!
No he is a nerd
A nerd your mama couldn't shy away from.@@Matt.P.
Non-silver coins really haven't gone up in value in the past 20 years. I even randomly looked up coins I bought 15-20 years ago, and there was no real value change. They really aren't the best investment.
Precious metals do have potential, but there are better investments.
I got some Somali Elephants. They are beautiful. Thanks for the update Silver Dragons 👍🥈🥇🥈🥇🥈🥇🥈🥇
I wish I could visit this shop! Richard is so interesting to listen to, he has so much knowledge!
As a finance guy who finds precious metals to be a joke…I really appreciate the answers provided. Grounded in reality.
My favorite coin shop featured on youtube
According to History, the word dollar is much older than the official US currency. 'Dollar' is an anglicized form of 'thaler' , the name given to coins first minted in 1519 from silver mined locally in Joachimsthal in Bohemia. Today the town of Jáchymov lies within the borders of the Czech Republic.
Svornost mine, founded in 1518, is still active.
And one more fun fact: In 2017, the Czech Republic decided to make the first silver bullion coin, and since then, they have used Niue mint to produce them. The low-mintage silver bullion coins are called ''Czech Lion'', and because they are minted in Niue, the denomination is 2 dollars. Thaler is the German translation of Czech Tolar.
So what is the irony that the name of the old currency came back to its place of origin?
Richard's enthusiasm is contagious. Love to see him light up in his expertise.
Yesss Richard is back! I love how everyone else is like "no, you can't" and Richard is like "well, maybe... if you're smart". 😄He's so detailed, I'd like to see more content with him in it. It's almost like seeing myself in a mirror, if my interest were coins, we're also probably close to the same height. I bet you had fun filming & editing this; nice job panning the camera with him.
He is a nerd
@@Matt.P. He's far more than just your common garden-variety nerd. He has the distinction of being one of the more interesting people on this rock due to how his brain functions.
They're incredibly lucky to have him, and he them. You don't find a good fit like that very often, and they recognize his value.
Those of us on the "spectrum" are typically found on the outskirts of society, due to an often lack of social prowess while having near limitless coverage of other topics.
I've struggled most of my life to find what he has there and haven't found it yet.
Seeing him merely as a "nerd" doesn't do him justice; he has in intricate ability to store knowledge in a manner that other people fail to even comprehend, let alone keep up with. He's like a super-nerd.
How many employees do you suppose they'll hire at half their age who'll change the way they run their business model and create expansion into new territories, upping their business as a whole and increasing profits overall?
People like that who aren't narcissists are incredibly difficult to find.
@@Matt.P. I also reported and had removed all other instances of you calling him a nerd, since that seems to be your blanket reply to anyone saying anything about him. You just seem jealous that he's smarter than you are, running around calling him a nerd at every opportunity. Sad.
How do you know he's autistic though? Does he say so in one of these videos?
@@xymoriintus I'm an Aspie, we know our own. If you know anything at all about behaviors on the spectrum you could also pick him out from a mile away. That's clearly not something you have any experience with.
Does someone who's missing an arm have to tell you they're an amputee, or can you sometimes just see what's going on with a person without needing to be told by them
Great video! Love this style of content and learning first hand from the team at Harry's coin shop 👍
Somalian Elephant are made in Germany (Leipzig) and this year the mint enlarged silver products elephant with 1 0z /2 0z /5 0z/ 10 oz and one kilo.( usually it was only 1 Oz and 1 kilo )
Each year a new picture of Éléphant come out.
With these guys you could make a whole series of 10+ interesting videos on 8 reales coins alone :) These coins are historically relevant across the globe up to China and south-east Asia, they were minted in both Americas, they had various and cool production processes and numerous significant varieties and tell-tale peculiarities, and even different chemical compositions that collectors know of (the Mexican ones contained traces of gold e.g.). They were counterfeited for international trade by the US and British mints and for local trade by numerous "artisans", so even an old counterfeit can tell quite a story. And there still are experts in the US and other countries who sometimes share their fantastic knowledge at the forums online and in the books. It will be much more exciting and educational than just another bunch of videos in anticipation of "metals' prices going to the Moon" :) Please consider making this nice issue a starting point to increase the variety of coin-related content on your channel. I know, you can do it and make your channel even more interesting!
Great video....Glad you get to hook up with the boys from Harry's from time to time, they seem like great people!!
Great vid. Love the showcasing of the old silver world coins ❤
I have as a first year stacker. I purchased a beautiful coin with little info as many weren't being let out by collectors. To find I paid 80$ and now the sale price is around 250$! Luckily I spend a ton of time market observing specific items. And I've even passed on 3-4 deals already where I could have made 50% profit per deal because I didn't know better. Its a fun game to learn.
2:40 Here in Switzerland where i live the Somalia Elephant is always a bit more expensive than other bullions. I have a few of them. The philharmonic (in german Philharmoniker) it's the cheapest silver bullion you can find.
Buying on the dipps on spot price doesn't matter anymore. When spot price goes down premiums go up now and you still pay the high price.
Wonderful video! Richard obviously has incredible knowledge, the history behind some of those coins is fascinating. Thanks for sharing your numismatic passions! Time to go figure out what What-Not is. Those of us over 40 are at a social media disadvantage lol.
I would love a monster box. Man what a blessing that would be❤😊
Just read the book you will have it
Stopped in today. King Richard was holding court and helping new stackers. Great job Harry, King Richard, Adrian and crew.
Lol
Like the talk with the shops like "Yankee"😎. Maybe next time your in the shop ask them about the Kentucky gold coin find in a corn field 🤔👍🇺🇸
I GOT THAT SOUTH AFRICAN SILVER COIN 😂😂👍👍🇿🇦🇬🇧🇿🇦🇬🇧 GREETINGS FROM THE UK!🇿🇦🇬🇧😊😊
Nice way to transition into collectible coins. Coins are cool.
I love foreign coins the designs and history are awesome!
When I travel there, I will definitely visit his shop and buy from Harry. Harry and his team has been so honest and insightful, that's a well trusted business that I can feel comfortable investing my money with. Thank you for sharing and love to see them.
Well, another new guy, Oliver. Things are picking up fast around there and it sounds like they are having fun with it, real happy for you all.
Fun fact: The Dollar descended from the Dutch Leeuwen Daalder or Lion Dollar. The Dutch brought them to New York (New Amsterdam back in those days) The Lion Dollar was legal tender along with the Spanish 8 Reales in the 1700s
I goes back even before that. The German taler or thaler, predated the daalder by almost 200 years.
@@Chootempaw And the predecessor of Thaler was Guldengroschen (Guldiner), originally minted in Tirol in 1486.
I love how you're all so good at using the internet.
@@syberphish I'm actually Dutch and own some of these 😏
@@ElMariachi1337 you mean you're Dutch, own some, AND have the internet. 😄
SD, Another great video with Harry & the gang!
That's a good group of guys loving metal! Great content!
I spent years buying and selling from estate and garage sales, and because it's so hard to know the value of things, it was easy to lose money (or end up with 'stuff'...unsold). My favorite saying back then was... _'You can't know everything about everything'._
When cell phones came about, it got better because you could instantly search the actual *sold* price. _(not 'asking price'.)_
*HOWEVER!* I always stayed away from coins because unless they were 'slabbed', you had the extra variable of coin grade, or condition. And as you all know. Condition is EVERYTHING.
I am a hobbyist. The only way i can see to make money in coins is to become a dealer. The hobbyist has to buy retail, sell wholesale and pay the postage both ways, if dealings with an online coin shop. Coins that we bought 20 plus years ago, yes we could make a little money. If i buy a silver eagle today, i would be hard pressed to break even if i decided to sell it in tne short term. Grading coins is somewhat subjective, more than a few disagreements are started over coin grading between the buyer and seller. It is very possible for my children to make money off of our coins, but not us.
Everytime you say "Silver Eagles" my mind instantly goes "WAR THUNDER?"
"It's about as tough as taking up golf, because you want to win money at skins games..."
-Harry
💯 Wisdom and Knowledge
I remember years ago buying silver at spot when silver was $15...Craigslist, eBay etc...when silvers price is low not many people buy it.
great video. Thanks for posting from UK.
I love these guys at Harry's they are so nice and are not scared to talk and teach about metals Wish all coin shops was like Harry's or Beach city coins
I’ve been waiting for another Harry’s coin shop video!
My LCS gave me a 1990 $50 for change, last year. He started me collecting 20th century Bills. I picked up a 1977 $100 Bill today. These bills go into my paper stash, and won't get used unless I absolutely have to. Another great pass-along to my children.
Thank you for your video.
What I appreciate the most is the relationship beetwen every people and you.
Very good idea to make video with these sympathics people.
We always learn something new when you go to the store. A great group of guys there. Thanks.
Love watching these videos when you’re at Harry’s.😎👍
I'm not even slightly interested in numismatics. But I'll drop a like and comment for old Al Gore.
Keepin us grounded like usual. Wish I had a shop like that.
I work at a restaurant so I look at our coins everyday and started collecting them to make money. might start buying rolls soon
Cherry picking and knowledge. I like the ladt dude's advice!
Hey, let Harry know that he and the guys are awesome!
Great people thank you silver dragon! 😊
Was just in there a couple of days ago on the dip! :)
The ring that Adrian is wearing is sooo gorgeous! I wish I could find something similar!
All three are a wealth of knowledge
Another Great Video. WOW RICHARD IS VERY TALL. How can he see coins from that altitude??? LOL.
Hi Tiger Stacker! Absolutely! BTW... I just subscribed to your channel! Nice! 😎
@@LegacyStacker TY So very much. I hope you like the content. Let me know what you think.
Tribe keeps growing. Good times.
I've always thought of coins as a long term thing, nothing more.
They are some really cool guys.
As always it's been a pleasure. Grumpy man coins and currency out. Peace
Wise advice. Collect coins for your collection and stack PMs.
I would say that after two years into the hobby with study of grading, the most one should sell is constitutional silver, mint and proof sets. One of the good series to start selling is Kennedy halves as the vast majority is clad and there is only one year 90% silver. It is rich enough to enjoy learning but not overwhelming. But sticking with these lowers greatly the risk of selling unknowingly counterfeits.
The comment of World coins is spot on. Especially 19th century -- many gold and silver coins from South American countries are quite affordable.
And yes in the 18th and early 19th century, most Americans used a panoply of silver coins from Spain, England and France.
As a numismatist I love to collect first. But I do like selling coins so I can buy more coins for my collection. I also know a few guys that I can get good deals on coins from.
Love the channel!! For years. Q: If I had the means🤔🤔 What would be the better choice: one Gold eagle.... Or.... The dollar equivalent in Silver rounds???? Thanks for your time.
Look at the percent premiums on the gold eagle vs the premium on the silver rounds. Percent premium on gold is quite a bit lower than silver right now.
(Currently watching this on my PS5, had to swap to my iPhone to say this.) BRO IS INCREDIBLY KNOWLEDGEABLE.
Like if you know who
We also have to remember some of us who are seasoned stackers just don't give a damn what the price is and going to buy on a DCA (dollar cost average) anyways... like me I buy silver once a month usually 10 to 20 oz depending on the price.. the lower the price the more I buy... numismatic wise, I tend to get like one or two coins a month alongside my DCA but if prices are way up I just take that money and I set it aside and by my numismatic coin later or maybe a more expensive one I've been eyeballing.... anyways that's my two cents on that subject😂
Agreed, I buy a 10 ounce silver bar on the 7th of every month. I really don't worry too much about the price, but I do bounce between online dealers to get the best price. Sometimes it's Hero, other times it's Monument Metals. Occasionally, I'll add something interesting, like the Coronation coin coming out. High premium, but I'll only buy one.
@@Threedog1963S D Bullion has a 10 ounce bar for $1.69 over spot
@@Threedog1963 💯
Always a fun visit to the shop!
It’s a good place to park your money with no expectations of the bank closing down or stock/crypto being shorted! This way your sliver or gold will always have a value and the biggest value is being able to hold that money in your hands without having big stacks of cash laying around. This is how I look at it and I also buy old coins that I think look cool even if there isn’t any silver or gold in that coin.
Good information I collect for the enjoyment of old coins the hunt is fun once in a while luck will be on your side I stack silver to hold value in my personal bank account that I hold
I’m not buying most silver to make money I’m buying to save money and for SHTF but I do buy cool coins that I like looking at for a hobby. I really enjoy 1890 and older coins for hobby.
Great channel and such a great group of guys, thanks for the post.
What a cool shop going to have to stop by it when I'm down that way
If you look at the Chinese coin markets the quantity, quality and variety are on a totally different level.
More Richard. He knows his coins. 👍
As a world coin collector I'd love to see a world coin series
I love the world coins ,I have some that were shown even with chop marks etc..
Silver Dragons, I love world gold and silver coins. Its a pity that many dealers and people only focus on American coins. Sure I understand if you live in the US you would buy American coins. However many world coins are cheaper and often much less than US coins, somemay also have higher gold and silver content than US coins . So if you are not also looking at world coins, you are missing out.
$350 is a killer deal for that Bolivian 8 Reales cob!
So glad y’all still talk about coins and not conspiracies. Thank you for not fear mongering about our crappy government and raise of CBDCs and BRICS. We get it, it’s understood, and that’s why we stack and collect. That 1799 coin almost looked better than the crappy Morgans the mint sent out last week. I got a good one though.
I buy as much as possible gold coin of numismatic worth - as much I can with my very modest budget. If bullion, I go for that with low mintages.
Great shows
I’m so happy this is my LCS.
Good video guys, keep up the good work
Stacking is a life long affliction, it can go into remission but no cure has been found yet. Sad, many such cases.
I love these videos
Gotta get into coin roll hunting if you want to make money as a beginner. You’re laying face value to learn hands-on about what to look for.
Graded coins are the ones to buy raw coins are for beginners to fill in amateur collections Silver bars and gold rounds are the best to collect Silver rounds with different designs are always higher priced