GRADED COINS SUCK? Here’s All The Reasons Why You Should Avoid Them!
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- Опубликовано: 30 сен 2024
- #RecessionProofInvesting #CashForCoins #TreasureInPocketChange
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Just remember if your going to sell any graded coins to a brick & mortar dealer, they will only give maybe 50% of the value if you're lucky
Knowledge is power sir. Great job sir.
Glad I seen this no more vault box for me. I will never buy another thing from them. Thanks
I never trusted NGC anyways, some toning may be valuable as long as it's natural toning and has unique colors and patterns, some toning isn't valuable specially if it's dark dirty toning it actually hurts the coin real value.
It seems as though you are trying to steer people away from learning the true value of the coin they have attained. My friend lost a valuable coin to a unscrupulous dealer who bragged to me about how he made a two thousand dollar profit because the customer didn't have the coin graded.
You list me on this one you say new guys stay away from graded coins due to the possibility of it being fake but buying raw coins only strips another layer off the possibility that it is fake I kinda get where your headed but my two cents would be for new collector to buy few raw in a series then go buy slabbed lower graded coin in that series reason being it happened to me a bunch with raw coin you get into dealer saying this coin is not a 63 it’s a 58 so the graded coin makes it easier for collectors to know what they cost and know about what they sell for
Graded coins do suck! Licking the coins is much more difficult with a slab in the way! Raw coins for the win!!!
this made me laugh pretty hard lol
Plus much harder to shove them up, without the slabs you can fit like $20 in quarters.
Right, I like the way they taste its like getting punched in the mouth, mmmm copper metallic 😂
@@aleksanderpopov5060 I'd rather stick to dimes in that case 😅
Coming Soon.....
Grading Graded Coins!
Great video 😮😮😮😮
How to you show a toned Morgan dollar then say my grandma tarnished silver set news flash big difference between your granny’s silver set and 125 year old Morgan with beautiful toning on it this guy is looking for content and is just rambling period
I knew a dealer in Oklahoma that would buy bags of Mercury dimes, invariably, he’d find a 1942/1 dime about every other week.
Buy the coin. Not the holder.
You’re da man brotha!
Great video boss ❤
also Shaun, you should go to the Santa Rosa, CA. Redwood coin club show thats happening this February 16th & 17th itd be sweet to meet you in person if i ever got the chance would probably ask for an autograph to be honest 😅
How many tables are yall expecting?
@@sanfranstackin it's gonna be the 54th annual show and usually it's a big turn around with the amount of people who go and tables set up. They do raffles for silver and gold and other cool numismatic related things, if you look up Santa Rosa coin show some guy in a wig put up a video of the 2019 show
Thanks
I still ain't sold none ymine
I feel for newbies, they seem to think everything should be in plastic, buy the book, read, learn; read and learning never ceases!
Never!!!
Thanks for the vidleo man.....but idk...if anything at all....a graded coin at least verifies authentication. If there wasn't SO MANY FAKES in the coin market....id say slabs aren't needed. But if I'm buying an expensive coin.....id rather just have it in a slab....protected and authenticated. Love the videos man
Small mintage or limited run of slabbed, follow the money Lebowski!
it is another way for snake oil
Good question guessing again you didn't pay 4--500 for a vault holder. I wouldn't. So sell yours quick.
Im feeling dizzy and my head is spinning
How are Ancients are part of the "Basics"?! It can almost be considered a part of the same category as Fynn's Gold Flake!
I just watched this video. I have been collecting error pennies(mostly) and am doing as you suggested, educating myself.
I do want to make money through the hobby and I NEVER want to misrepresent what it is that I have to offer.
Can I send you some examples of what I have found? What it is that I think they are? And, will you "grade" me? Am I "getting it" yet and am I ready to offer error and nice examples for sale?
Thank you in advance. Joan Reynolds
Hopefully you haven't blown your entire budget yet...
My name is Monty Jones and I'm a very much interested person with the hobby we both have a passion for,,I have to first thing say is thank you for being one of my current, first and highly appreciated and true source of my education and experience with the game.
Since I have been certainly blessed, I must share and reciprocate said blessings. I truly appreciate what you do ❤❤❤
All my information is attached to this email address, but I remembered watching one of your videos. .but I couldn't get done done
Done what needed to be done, but I believe that without discipline of a specific set structure, it is very difficult to retain the information the best way for me to recall it..
But I don't no why, but you made a comment about a family member who shared this passion with you, would always search for a certain Lincoln penny (1955ddo, ) I believe was the he coin.
In3pennyroles,wheat, 1.I was blessed with 5 of them.❤
99% of my coins are raw.
Yeah toning is very confusing, I have seen people on RUclips tone their own coins with sulphur and send it into PCGS and it comes back straight grade.
For identifying a Fake from Real sending to a Grading place…Fine But not for $$$$’s Graded coins are a Money Pit where Coins need for Identifying And A Grade to determine how good of a coin it is from a perfect specimen down. However, grading coin and card companies are taking us for a ride with their charges. If you send a coin in to be graded and you think that it may be an MS 65 or 66 why should the grading company charge you more once that MS level has been determined? They have graded it already yet if it receives a grade of an MS high grade, why should they be allowed to charge you more? Send in a coin, knowing that it is a low-grade coin…yet once graded it receives an MS grade of 65 over higher. Why should they be allowed to charge you more for the that grading?
Haha, the gold nugget cracked me up!! You brought up some good points that I did not consider.
Shaun I have two 1942 dimes one has a full band and would love to know if should grade it . The other has a slightly three quarter band . I am new at this only being doing coins maybe a year or so .
Shaun, I love your experience, knowledge and most of all the concern and care you have for your audience by putting presentations such as this one together with priceless information, especially for the novice collectors.
I’ve been collecting for about 6 years now and today I treated myself to a coin i’ve been coveting in MS for quite a while. It is a graded coin (PCGS MS 65), I bought it on eBay and though I most definitely overpaid for it, it is a coin that for some reason, always intrigued me and I just needed to add to my collection. The coin I’m referring to is the 1982 P Roosevelt dime no mint mark strong strike with FB. Like I said, I over payed some but regardless I’m tickled pink that I bought it and can’t wait to get it in the mail.
Purpose of the story is that these kind of purchases should be few and far between, it’s ok to treat yourself and maybe over pay for a coin that you really desire once in a while as long as you stick to the basics and have a game plan 99% of the time.
Another brilliant video sir. 👏🏼
Grading coins is part of the business either you win or lose and we can not win if afraid about grading . .Why selling coins and you don't want your customers to grade them ? I don't want to buy coins without grading them .
I know you won’t really want to hear this but your videos from year back was way better not sure what made you change up your content but it has lost quite a few
I have an deeply toned on both sides Kennedy where I got from a coin dealer he said he do not like them!
But u sure do seem to have a lot of graded coins
Well if someone wants to pay me less than the value of my coin, that's not the guy to sell it to.
This is why I consider high grade coins with high mintage numbers to be a mistake. When the vast majority of the value can disappear from something as simple as an unfortunate slab crack or mishandling mistake, much moreso a new grading system or standard...well you're boned.
When you see somebody buying a $40 coin for $400 just remember some people have more money than sense.
I feel like I learn a lot more about the hobby buying raw and then grading. Of course a lesson here and there can be an expensive one, haha.
The holder doesn’t increase the value of a toned coin. What the slab does do is certify that the toning is not artificial. Frankly, I liked the hobby better when there weren’t slabs but that ship has sailed. You absolutely have to grade a coin if it’s ultra high grade and/or high value. You report on these every week which is excellent coverage.
Actually try 50 years ago Anacs started it. Pcgs and NGC were in 86 and 87.
Been burned by too many raw coins 🙆♂️
I bought a few graded coins for my education of grading my coin search coins. I figured visual and description, would educate me better. Still doing it this way.
Shaun good job ! Knowledge is power !
Since I've run into you, I've seen people selling coins on what-not just fine without grading and getting decent prices. It's great to know that I'm just getting into this. Thank you kindly 🙏Yellowstone at the 9th hole. I got mine the same day.
Toning, years ago would add 5-10% to the value, even further back in time, most collectors didn’t like toned coins and dipping the toning off silver dollars was common place.
grading is just the perfect way not to get burned or over pay for anything that seems like it has value when in fact it does but not to the extent of one that is pedigreed to be genuine. imagine buying a 1909-s VDB raw that really was a 1909 VDB with an S soldered into it or like myself, be sold and paid $575 dollars for an ungraded 1882-cc morgan from someone you think you can trust or that has a large youtube following and purchase it because of the way it was displayed only to realize it was cleaned when you get it in hand. Had it been graded i would have been safe, but with the cleaning mark it had id be lucky to get a unc details grade. Most coin shops around me did not even want to pay me 100 dollars for it ??? ungraded GSA slabs go for 300 all day but again its always safer to buy GRADED COINS especially when youre paying anything more than $50 dollars.
Buying unheld online is really new, I started doing it 3 years ago- before then I had bought bullion online and stopped when I became one of the last people to get their stuff from Bullion Direct.
Slabs have helped for online sales, but overall I rather hold what I buy before paying. The world has changed and technology is happening for better or worse.
I am still an amateur when it comes to the "Hobby" with only 4 months or so under my belt. However, I do know what to look for when it comes to coins and the value attached to it graded or not. it takes time to see what might be a good-looking coin and a coin that you put in a holder ASAP. Like anything else in life if you want to get better you have to Immerse yourself in it, practice and educate yourself by as many means as possible.
Do coins continue to tone, once they're in the slab?
I am guessing you didn't pay 600 for that toning. Toning is valued whether it is in a pcgs holder or raw.
I remember the MS-65 Morgan$ bust in the 90s, they’d been selling for $600 each and the bottom fell out and they dropped to $200 each overnight. Buy the Coin, not the plastic.
I've been collecting since 2017, I'm the old guy from Florida and I totally agree with you on this particular subject matter..I have been watching you since I started in fact you were the 1st person I watched about coinage keep it up my brother from another mother!!!!
I think a lot, not all, of the coin/currency market is being driven by greed. There's an old Wall Street adage that holds true here; The fastest way to become a millionaire in stocks is to start by being a billionaire. In antiques and collectibles, they tell you to spend frugally and buy what you enjoy owning. That way if you get stuck with something, you still enjoy it and didn't spend a lot of money on it.
Thanks for covering the variables in slabbed coins.
I have a wheat penny that weighs 2.5 grams. Can you let me know what I need to do with it so I can sell//auction it? I don't believe there's another wheat Penny of this year weighing 2.5 grams. I'd like to know what i need to do so I can either sell it or auction it off.
.
Awesome, I've been struggling to get that 1965 SMS Dime with the Rotation error but I got to thinkin maybe I should just try to sell it through a trusted Group and I've in a round about way advertising it, did a video to show the Rotation and have given all the information on it so now I'm waiting for a bite, there is no way I could afford to get it graded their fee's are just to far out of my reach and when it's all said and done $300.00 would probably be spent grading it that's just too much. Hey I have an Ungraded Raw 1965 Dime with Full Bands and a Rotation error!!!! Have a Great One Shaun, Be Safe Brother!!!!
Thank you Blue for always keeping it Real!
I keep saying this to my self , there's just to many different prices of paper or cardboard with all different sayings and the coins prices change crazy amounts and I just don't understand.
Great video, as per usual. and you couldn't be more correct - there are no books or sites for toning value or entity value. Realized that kinda early. The longer your in, the more you know. TY Shaun!
These people will learn the hard way that it was a fad of the time and probably be a little embarrassed at their purchase. And I’m sure their are exceptions, but seriously, I have seen so many things change over time in the coin collecting hobby that makes me glad I resisted most of if not all gimmicks.
Thanks Shaun - great video as always. I started collecting as a kid 40 years ago. Got serious 30 years ago…. Took a break and back getting serious again in the last 5 years. I purchased my first graded coin only 4 years ago. i now own a lot of them. But I know what and WHY I am buying a specific graded coin. This is a great video to help some newer collectors. Thanks
This was very based and informative. Excellent.
Providence is a antique thing. Thats what makes collectibles worth more. Yes by the coin and nog the holder. Holders are good to authentic coins. Just breathe when buying coins. Dont get excited unless you want it.
Thank you, what causes the blk on the coin, if it ant dirt? Anyone, thanks
I purchased a Graded silver eagle MS 70 for 65$ 7 months ago !
Now its value is over 300 i don't think that sucks 🤣🤣🤣🤣🤣
cant complain with those profits!!
Shawn, you recommend any books for beginners?
"Strike it Rich with Pocket Change 4TH EDITION" if you're into errors & varieties. Only cost around 20 bucks
@@pneuma-369thanks I will.
Hello Shaun B.R.S.H.,
Ty,
👍👊