You're Coining The Wrong Way - Coin Collecting & Searching Coins Buy Coins From Us: portsmouthcoinshop.com/ Coin Value App: coinauctionshelp.com/coincollectingapps/ Mint Error App: errorcoins.coinauctionshelp.com/wordpress/
'Old school' adage; _buy the book, then the coin._ The 'Red Book' has been the primer of choice for beginning collectors since 1948, updated annually. Start with the Red Book, learn the basics of grading, then decide what area of collecting on which to focus or simply enjoy the knowledge gained. It's a 'win-win'.
100% correct. I see a lot of RUclips videos where the presenter is taking about this coin or that coin, but has no idea what they are talking about. Any serious collector will have several books to reference their collection. Also keep updating your references.
You say use what's at our disposal, well you as a RUclips channel is one of my tools I use. I try and watch all your videos and soak up your knowledge.
Spot on, Daniel. This video imparts sound advice that will benefit any novice who seeks a foundation of knowledge on which to build a collection of U.S. coins. There are other reference books, many that are more specialized and specific to certain areas of collecting or series of coins, but the 'Red Book' is square one - the primer of choice for collectors of U.S. coinage since 1948.
I just bought the official red book 78th edition 2024 then I found your videos. I haven’t found my rare coin yet but i think I’m on the right track to. Thank you for all the knowledge you freely share. I appreciate you very much.
Serious comment this time. EVEN AN OLD RED BOOK IS FULL OF GREAT INFORMATION. You still need to look at a legitimate guide to determine the ballpark of what your coin COULD be worth. Mine is currently a 2019 issue.
I couldn't agree more. Many coin shops will have old Red Books, grading guides, and other used reference books that can be purchased on a budget that will provide a solid foundation of numismatic knowledge.
I got interested a few years ago…makes me feel a bit better to know what you mean “grade 67 red.” Also that people still learn. I did get the red book but didn’t read it .big mistake. Your advice made me start over. Thanks Daniel about a year ago. It’s a good hobby for me and now I am going to start metal detecting (thanks son)
Well said, Daniel. I’m 61. Been a collector since age 8. STILL learning. You NEVER know it all. I still struggle to grade some types of coins. I still struggle to recognize the difference between various types of legitimate mint errors and post mint damage. Etc. Serious coin collecting requires a devotion to….wait for it…continuing education. Yep. That’s right. You gotta READ….and that’s a dirty word to many people. Read the coin books before you try to collect the coins or you are going to sour very quickly on this hobby because knowledgeable people will run RINGS around you. This is not a hobby for people who simply see what they think is a “get rich quick” opportunity. Can you make money in this hobby? Sure. But only those who DO THE WORK and put in the time and effort and earn their spurs prosper - just like in any other industry. Sorry to disappoint anyone who watched a few YT videos and now thinks they know how to hit the lottery fooling around with coins they do not truly understand.
I remember the day I was like that...20 years later of collecting still mess up...The nightmare of DDO 69 S...55...1909SVDB SEE STILL CRAZY... THANKS DANIEL NICE VIDEO...💥💯💥 COOL
The one I use most is my 2023 Red Book/Large Print Edition, and I do have the small one also. At least buy the 2024 Red Book 😮Edition Portsmouth is selling for $15.00.
There are Professional Coin Numismatic People at the top of the industry that are Still Learning so I agree with You Daniel. I jumped in during the beginning phase if Covid-19 I knew a little bit but I also knew what direction I wanted to go because I know what I like and the design I like. Buffalo Nickels and Jefferson Nickels are my thing and of course Wheaties. I'm not into dates only Quality and I do a lot of other ones too but I love me some Nickels!!! I'm gonna look into getting that book because the world of coins has so much History and I really get into that.
I'm learning a lot reading the red book. I just recently bought the blue book. Thank you for the information. Do you also recommend the cherry pick book??
I've been stacking silver for a few years and just recently got into coin collecting. Mercury dimes got me into it, as I transitioned from getting junk lots of Mercury dimes to higher grade Mercury dimes. Next was Indian Head pennies, followed by V nickels, some old Russian Empire coins and Soviet coins, etc. And I like building up rolls of the coins that I like. There's something more special about being able to roll out a whole tube of Indian Head pennies or V nickels, to hold them in your hand, feel their weight, as opposed to having a coin or few in a slab. The most important thing to me is that I like the coin design, that it's in good condition (at least fine or better), and that it has some age to it (1800's and early 1900's are my favorites). The latest coin I discovered is the French 5 Centimes that was minted from 1898-1921. It's a stunningly beautiful coin, and at the same time very affordable. I'd rather have a roll of these than some $10,000 coin in a slab. But, of course, to each their own. Everyone has their own way of collecting. The main thing is to enjoy it.
When I lived in Naples, FL (1980 - 82), there was a local shop that had boxes and piles of early 20th Century European coins from estates of travelers and WW1 veterans that he'd sell 'for a song'. I often used English Pennies (Edward, George V, even Vicky) to top off tips at local restaurants. Several Italian coins of the interwar period had art deco inspired designs (the Italian 10 Centesimi with the bee on flower comes to mind) or designs inspired by Greco Roman art as did French and U.S. coins of the period.
Hi there, love your videos! I want to start an LCS but the only thing holding me back is finding a wholesaler. How/where do I go about finding a wholesaler?
Have always hated the so-called "single-article/video expert", real collectors and dealers like you sir are not know-it-alls. Always enjoyed your videos while expanding my own hardcopy and digital numismatic library.
I am wondering is this book more related to USA coins or information is like general? Because I am mostly interestes in EU or other regions. But I believe it helps understand the things still?
It takes YEARS to learn the ins and outs of this hobby/source of income. I honestly cannot recall what got me interested in coins and numismatics, I just know that Ive always had an infinity for metals period and I reckon coins just naturally I gravitated to. I do recall reading a short article if you will in the "Scholastic Weekly Reader" when I was 9yrs old ( circa 1982 ) about the '55 and '69 doubled Lincoln wheat and memorials obverse. Needless to say, I've been looking for both every since. Lol. I think collecting anything just has to happen organically either via plain curiosity or influenced by someone you admire or wish to be like. Peace NOW in the Ukraine🙏
@@-oiiio-3993 yeah, did the voice to text thing while driving.. didn't correct because I understand the intelligence of this audience. From the context y'all would know. I appreciate you taking time from your busy day to edit my post. Peace🙏🕉️
Yes, as it's abrasive. It's generally best not to clean coins at all, particularly circulated or worn coins as they will likely end up looking 'wrong'. If you have coins in higher grades with adhesive or other 'gunk' on them a dip in an acetone solution (be careful with the stuff) followed by a rinse in pure alcohol, then distilled water, may help. There are also coin cleaners formulated for such purpose. 'Dip' and gently pat with soft cloth only. Do not rub or wipe. Experiment with low value coins.
I am new to coin collecting and it can be overwhelming at times that why you need a book. I don't go on Google for it. I have to tell you I got my very first 25 dollar Box of pennies and it was my very first coin roll hunt. I didn't think it was worth the time or effort but I discovered some beautiful pennies. I found a couple of pristine 1982 small date zinc pennies looked like they were never touched.
My son and I are collecting.. We have a mix to start collecting and we spend cash 20% post 2000, 20% post 1930, 50% in between those dates, 10% miscellaneous.
Hello Daniel, I've been waiting for 4 months to send out three pennies to pcgs but as I am in a remote Alaska village our local post office has not been able to send out cause of idk what problems they have, but these three coins have errors...what can I do?
The 'Red Book' (A Guide Book of United States Coins - R.S. Yeoman) will make it understandable. I started with a 1960 edition. The hobby has changed immensely since then but the basics remain the same and the 'Red Book' is updated annually. Perhaps find a used Red Book of 40+ years ago, read it through, then purchase a newer edition. You'll find the basic foundation of knowledge to be the same but with updates and insights to changes in the hobby over time. Prices shown in the 'Red Book' have always been considered 'optimistic' but provide an excellent reference to which issues, dates, mintmarks have higher values than 'common dates' and which grades are valued more highly.
Sir. I find it easier to stay with only one series of coins initially. Or even part of one series. For example, Morgan dollars from 1878 to 1882 only. A smaller bite like that is easier to chew.
@@flower2289 I'm hip. I remember when the lucite holders from Capitol were very popular to fill with 'short sets' such as 'Mercury' (winged head of Liberty) Dimes 1941 - 45, 'Buffalo' (bison) Nickels' 1934 - 38, 'War Nickels', 'Walking Liberty Halves 1941 - 47, 'Obsolete Type Set'... .
Hi my name is jimmy i I I I I Ihave a question. I have a 1976 quarter with no mint mark and it looks like a proof. Did they make proofs with no mint mark? I'd like to add a photo but don't know how.
You will never be an educated numismatist unless you read read read and handle many many coins. Just because you think a coin is special does not mean it is. Most coins layman persons see as nice are average or below average. It takes years of hands on work studying details, strike quality and surface characteristics of many types of coins. Even the best coin experts in the world need to use reference materials to attribute and grade coins from time to time. No one knows it all. Some have extensive knowledge that you can learn from by reading the many books written by numismatic experts in the field.
You're Coining The Wrong Way - Coin Collecting & Searching Coins
Buy Coins From Us: portsmouthcoinshop.com/
Coin Value App: coinauctionshelp.com/coincollectingapps/
Mint Error App: errorcoins.coinauctionshelp.com/wordpress/
👍
I've been coin collecting for nearly 50 years and I am still learning new things every day. Thank you Daniel.
Thank you!
Awesome information. I have collecting for years and I am still learning.
'Old school' adage; _buy the book, then the coin._
The 'Red Book' has been the primer of choice for beginning collectors since 1948, updated annually.
Start with the Red Book, learn the basics of grading, then decide what area of collecting on which to focus or simply enjoy the knowledge gained.
It's a 'win-win'.
Spot on Daniel !! Cant tell you how many times I've heard this...."I googled it." And you've heard it a million times more than me.
16 yr old On a 6 lane hwy in CA during Thanksgiving rush hour haha. Good comparison Daniel
100% correct. I see a lot of RUclips videos where the presenter is taking about this coin or that coin, but has no idea what they are talking about. Any serious collector will have several books to reference their collection. Also keep updating your references.
You say use what's at our disposal, well you as a RUclips channel is one of my tools I use. I try and watch all your videos and soak up your knowledge.
Thank you!
Good advice, Daniel! Thank you for sharing this😊
Thanks for your valuable insights.
I remember getting my first Redbook in 1983 from my Dad. I was 12. I miss him.
Thanks for sharing, Daniel. 😀
Spot on, Daniel.
This video imparts sound advice that will benefit any novice who seeks a foundation of knowledge on which to build a collection of U.S. coins.
There are other reference books, many that are more specialized and specific to certain areas of collecting or series of coins, but the 'Red Book' is square one - the primer of choice for collectors of U.S. coinage since 1948.
Thanks always
I just bought the official red book 78th edition 2024 then I found your videos. I haven’t found my rare coin yet but i think I’m on the right track to. Thank you for all the knowledge you freely share. I appreciate you very much.
i started coin collecting with the 1973 redbook. the add for a 1943 copper cent peaked my interest.
Very well said Daniel. That's what I look at all the time. The megared that has more varieties and or something quick like the small red book.
MEGA RED looks THICK. Great advice Daniel. We appreciate everything you teach us. Thanks 👍
Big thanks
Serious comment this time. EVEN AN OLD RED BOOK IS FULL OF GREAT INFORMATION. You still need to look at a legitimate guide to determine the ballpark of what your coin COULD be worth. Mine is currently a 2019 issue.
I couldn't agree more.
Many coin shops will have old Red Books, grading guides, and other used reference books that can be purchased on a budget that will provide a solid foundation of numismatic knowledge.
Great advice.👍👍
I got interested a few years ago…makes me feel a bit better to know what you mean “grade 67 red.” Also that people still learn. I did get the red book but didn’t read it .big mistake. Your advice made me start over. Thanks Daniel about a year ago. It’s a good hobby for me and now I am going to start metal detecting (thanks son)
Well said, Daniel. I’m 61. Been a collector since age 8. STILL learning. You NEVER know it all. I still struggle to grade some types of coins. I still struggle to recognize the difference between various types of legitimate mint errors and post mint damage. Etc.
Serious coin collecting requires a devotion to….wait for it…continuing education. Yep. That’s right. You gotta READ….and that’s a dirty word to many people. Read the coin books before you try to collect the coins or you are going to sour very quickly on this hobby because knowledgeable people will run RINGS around you. This is not a hobby for people who simply see what they think is a “get rich quick” opportunity.
Can you make money in this hobby? Sure. But only those who DO THE WORK and put in the time and effort and earn their spurs prosper - just like in any other industry. Sorry to disappoint anyone who watched a few YT videos and now thinks they know how to hit the lottery fooling around with coins they do not truly understand.
Thank you
I remember the day I was like that...20 years later of collecting still mess up...The nightmare of DDO 69 S...55...1909SVDB SEE STILL CRAZY... THANKS DANIEL NICE VIDEO...💥💯💥 COOL
I almost think you need to make sure you want to be a collector, and not a stacker.
I have the answer to that question. Collect what you like and can afford.
The one I use most is my 2023 Red Book/Large Print Edition, and I do have the small one also. At least buy the 2024 Red Book 😮Edition Portsmouth is selling for $15.00.
There are Professional Coin Numismatic People at the top of the industry that are Still Learning so I agree with You Daniel. I jumped in during the beginning phase if Covid-19 I knew a little bit but I also knew what direction I wanted to go because I know what I like and the design I like. Buffalo Nickels and Jefferson Nickels are my thing and of course Wheaties. I'm not into dates only Quality and I do a lot of other ones too but I love me some Nickels!!! I'm gonna look into getting that book because the world of coins has so much History and I really get into that.
I'm learning a lot reading the red book. I just recently bought the blue book. Thank you for the information. Do you also recommend the cherry pick book??
Yes I do
I am not really a coin collector, I am a silver stacker but I do buy coins. I am up 156 silver coins in 2023 alone.
I've been stacking silver for a few years and just recently got into coin collecting. Mercury dimes got me into it, as I transitioned from getting junk lots of Mercury dimes to higher grade Mercury dimes. Next was Indian Head pennies, followed by V nickels, some old Russian Empire coins and Soviet coins, etc. And I like building up rolls of the coins that I like. There's something more special about being able to roll out a whole tube of Indian Head pennies or V nickels, to hold them in your hand, feel their weight, as opposed to having a coin or few in a slab. The most important thing to me is that I like the coin design, that it's in good condition (at least fine or better), and that it has some age to it (1800's and early 1900's are my favorites). The latest coin I discovered is the French 5 Centimes that was minted from 1898-1921. It's a stunningly beautiful coin, and at the same time very affordable. I'd rather have a roll of these than some $10,000 coin in a slab. But, of course, to each their own. Everyone has their own way of collecting. The main thing is to enjoy it.
When I lived in Naples, FL (1980 - 82), there was a local shop that had boxes and piles of early 20th Century European coins from estates of travelers and WW1 veterans that he'd sell 'for a song'.
I often used English Pennies (Edward, George V, even Vicky) to top off tips at local restaurants. Several Italian coins of the interwar period had art deco inspired designs (the Italian 10 Centesimi with the bee on flower comes to mind) or designs inspired by Greco Roman art as did French and U.S. coins of the period.
Glad you’re having fun.
Very good advice Daniel
Hi there, love your videos! I want to start an LCS but the only thing holding me back is finding a wholesaler. How/where do I go about finding a wholesaler?
I have videos that answer your questions. Just search them after clicking the coinhelpu link under the video.
need to go to a coin school not sure if i will learn anything lol nice info daniel
Have always hated the so-called "single-article/video expert", real collectors and dealers like you sir are not know-it-alls.
Always enjoyed your videos while expanding my own hardcopy and digital numismatic library.
GOOD Job nice 😊
Good Evening, Daniel 🍷 When I first started collecting I purchased a few non desirable coins. But l have never sold any?
I am wondering is this book more related to USA coins or information is like general? Because I am mostly interestes in EU or other regions. But I believe it helps understand the things still?
Collect what you like! Buy some new releases at release price, then go from there.
It takes YEARS to learn the ins and outs of this hobby/source of income. I honestly cannot recall what got me interested in coins and numismatics, I just know that Ive always had an infinity for metals period and I reckon coins just naturally I gravitated to. I do recall reading a short article if you will in the "Scholastic Weekly Reader" when I was 9yrs old ( circa 1982 ) about the '55 and '69 doubled Lincoln wheat and memorials obverse. Needless to say, I've been looking for both every since. Lol. I think collecting anything just has to happen organically either via plain curiosity or influenced by someone you admire or wish to be like. Peace NOW in the Ukraine🙏
_Affinity._
@@-oiiio-3993 yeah, did the voice to text thing while driving.. didn't correct because I understand the intelligence of this audience. From the context y'all would know. I appreciate you taking time from your busy day to edit my post. Peace🙏🕉️
One question is baking soda bad for silver sorry to ask...
Yes, as it's abrasive.
It's generally best not to clean coins at all, particularly circulated or worn coins as they will likely end up looking 'wrong'.
If you have coins in higher grades with adhesive or other 'gunk' on them a dip in an acetone solution (be careful with the stuff) followed by a rinse in pure alcohol, then distilled water, may help. There are also coin cleaners formulated for such purpose.
'Dip' and gently pat with soft cloth only. Do not rub or wipe. Experiment with low value coins.
Sir Daniel, can you explain to me if I found something to be excited about, what Grade would this probably get this uncleaned 1804 Drape Bust.
9th edition of Mega Red drops in like a week or two
I am new to coin collecting and it can be overwhelming at times that why you need a book. I don't go on Google for it. I have to tell you I got my very first 25 dollar Box of pennies and it was my very first coin roll hunt. I didn't think it was worth the time or effort but I discovered some beautiful pennies. I found a couple of pristine 1982 small date zinc pennies looked like they were never touched.
Rumor has it if you stare at a coin long enough with a loop in your eye you will turn your common pocket change into millions of dollars.
Lol
I’m I the only one who thinks thanksgiving is the most empty day of the year on freeways?
Bible for coins!! LoL
The title says it all:
_A Guide Book of United States Coins._
The 'Red Book' is old dude approved and has been since 1948 (updated annually).
My son and I are collecting.. We have a mix to start collecting and we spend cash 20% post 2000, 20% post 1930, 50% in between those dates, 10% miscellaneous.
Hello Daniel, I've been waiting for 4 months to send out three pennies to pcgs but as I am in a remote Alaska village our local post office has not been able to send out cause of idk what problems they have, but these three coins have errors...what can I do?
Here's out help community for asking coin questions. coinauctionshelp.com/welcome-to-coinhelpu-community/
Makes sense, it all seems quite complicated to me. Maybe if I was 40+ years younger.
The 'Red Book' (A Guide Book of United States Coins - R.S. Yeoman) will make it understandable.
I started with a 1960 edition. The hobby has changed immensely since then but the basics remain the same and the 'Red Book' is updated annually.
Perhaps find a used Red Book of 40+ years ago, read it through, then purchase a newer edition. You'll find the basic foundation of knowledge to be the same but with updates and insights to changes in the hobby over time.
Prices shown in the 'Red Book' have always been considered 'optimistic' but provide an excellent reference to which issues, dates, mintmarks have higher values than 'common dates' and which grades are valued more highly.
Sir. I find it easier to stay with only one series of coins initially. Or even part of one series. For example, Morgan dollars from 1878 to 1882 only. A smaller bite like that is easier to chew.
@@flower2289 I'm hip.
I remember when the lucite holders from Capitol were very popular to fill with 'short sets' such as 'Mercury' (winged head of Liberty) Dimes 1941 - 45, 'Buffalo' (bison) Nickels' 1934 - 38, 'War Nickels', 'Walking Liberty Halves 1941 - 47, 'Obsolete Type Set'... .
Hi my name is jimmy i I I I I Ihave a question. I have a 1976 quarter with no mint mark and it looks like a proof. Did they make proofs with no mint mark? I'd like to add a photo but don't know how.
Ooooo. I got a jar FULL of coins with no mint marks. YIPPEE! I'm RRRRRRICH. /s
😂😂😂
only if they have glue on them
Lol
The right way was to go to a casino in 1962 and win 100silver dollars 😮 and takem home
Unless you wind up like the guy in a 1960 Twilight Zone episode (S1, E17); 'The Fever'.
_"fraaaaaannnnkliiin..."_
This is my true story
I have a coin
You will never be an educated numismatist unless you read read read and handle many many coins. Just because you think a coin is special does not mean it is. Most coins layman persons see as nice are average or below average. It takes years of hands on work studying details, strike quality and surface characteristics of many types of coins. Even the best coin experts in the world need to use reference materials to attribute and grade coins from time to time. No one knows it all. Some have extensive knowledge that you can learn from by reading the many books written by numismatic experts in the field.