How Coin Dealers Price Your Coins To Buy Them?

How A Coin Dealers Prices Your Coins To Buy Them?
My Coin Shop Website portsmouthcoinshop.com/
CoinZip coinzip.com/

[@adamnagy7599]

I love what you are doing, Daniel! Your honesty and openness is refreshing. I’ve been collecting since the 70’s and have made several friendships with dealers. I have always respected the people who were the most honest and found them to be the most successful in the long run. Keep doing what you are doing and share your knowledge. Good things come to good people! Much respect and best wishes for your continued success!

[@CoinHELPu]

You're welcome and thank you!

[@jeaneddybeauvoir5486]

I have one 1927 penny , one 1937,one 1939 ,four 1944 and more Hw you can help me ?

[@vedamcmillian9640]

@@CoinHELPu pppppp

[@damonj606]

Dealers gotta make money to or they won't be in business. Thank you for another great video, and have a great day Daniel.

[@karpak30]

I highly appreciate your efforts and the way you are educated people. Accept my admiration

[@roberthase2724]

I believe you & I also enjoy listening to you dan.

[@brianhagler4490]

Daniel, I am brand new in the “collecting” arena. I am so blessed that I came across your channel. I’m sure there are numerous individuals out there who haven’t stumbled across your page, as I have. From my point of view, your very honest and transparent; as you know the world doesn’t operate in that realm anymore. Keep doing what you love and finish strong.

[@mikefranks3538]

I just turned 70 in January, started coin collecting when I was 13 which would have been 1963. I love coins so much that I still have every coin I ever acquired over the years. I have never wanted to sell a coin and have tried to get my grandsons interested in them but they just don't get the attraction. I have tried to educate my grown children about what I actually have so they will have some idea. I am beginning to think it would be better for me to sell them now than for them to do it later. But I just can't.

[@christophersimpson3642]

It sounds like your family do not appreciate coin collecting it probably would be better for you to sell some of it so they do not get ripped off and you probably could enjoy the money or buy some more coins. I will sell mines when I retire I will still collect after I retire but not as near as much as my working years. I would still comb the banks and coin roll hunt and Still buy a little off of e Bay or coin shops but not as aggressively.

[@flybone100]

I suspect the grandsons are not ferrous, hence the lack of (magnetic) attraction. If you want to adopt a grandson, I'm near Philadelphia and would call once a week, send greeting cards for the various annual events, and attend family functions.

[@davidk7324]

@Mike Franks. What did you decide to do with your coins? I'm in the same boat (65 soon). I'm leaning towards selling them -- not a big collection, but a few interesting coins in the mix.

[@mikefranks3538]

@@davidk7324 I am 72 now and still have every coin. I have actually completed my Walking Liberty half collection since that post. I'll keep trying to educate them about what I have since they are getting up in age.

[@davidk7324]

@@mikefranks3538 Thanks for the update so long after your original post! Sounds like a good plan. My son has zero interest in his 30s so I'm not going to hold my breath.

[@ms.m7504]

Daniel, this is a blessing. Your channel assists so many and I can feel your genuine desire to help others, your authenticity and your strength of conviction as a collector and dealer. Thank you.

[@jonathancsmelko2361]

Thanks Daniel for being an Honest dealer and collector. You have always tried to help when people have questions.

[@CoinHELPu]

You're welcome and thank you!

[@stephendowling6200]

I wish you lived closer!! I'd be there all the time learn and buy :-) You are so educated AND honest!! Keep up the good work :-D

[@margaretstoner4701]

Don't we all? Smile❤

[@MichaelLarson512]

You're one of the most informational coin channel I know of. Thanks so much for what you do.

[@danieldevite668]

Daniel you are a very honest dealer. MAY YOU HAVE A GREAT MEMORIAL DAY WEEKEND!

[@CoinHELPu]

Thank you and same to you!

[@webdirector2112]

Its nice to see that honest and knowledgeable coin dealers still exist.

[@MrJohn013]

As a fresh collector, your videos are priceless. Thank you for your hard work.

[@wandlbaker]

Thanks for shedding a light on the reality of running a shop. Great stuff Daniel.

[@CoinHELPu]

Thank you!

[@jeffbell2668]

Somehow I believe I would want you in my corner in a negotiation. I remember my dad going over his coin collection in the earlyv1960s and it was a hobby that he really enjoyed and shared with us kids. Thanks for the info.

[@slicksilver9441]

Daniel do you remember when I said that MCM messed up a deal with me? Well I'm here to tell you that they more than made up for it. I was completely happy and satisfied with how they treated me on our last deal! Just came to say this.

[@saminsalaco5829]

I'm going to a local coin show next week. This was great info that I can use for buying and selling. It will help with my expectations. Thanks again 👍

[@christophersimpson3642]

There is a short video on few other suggestions about a Coin show on CoinTable with Chris Tisdale. He mostly do unboxing videos on PCGS and NGC graded coins it is really good.

[@BradBartram]

This was a great video. Too many people today don't understand the difference between direct sales to another person and selling to a business. A business has to worry about overhead, the costs of holding that inventory for however long it takes to sell, and the costs of trying to sell that piece of inventory. It can be surprising when you begin to add it all up what it costs to be a viable business. In most lines, when buying direct the typical lines are a 60-40 split. The dealer is usually good when getting the piece for 40% below anticipated retail price. On some of those small value coins though, those margins are razor thin. While I'm not a coin dealer, my own experience has been to educate the other party as best as possible on the inputs into the offer (just like you did here) and try to find that common ground where we're both happy.

[@audiogear474]

You sound like a really good /fair coin dealer. My uncle who was a dealer had the same mentality. Each person should use your advice to test the coin dealer they are about to deal with because there are a few that aren't so fair.

[@rf-bh3fh]

Thank you Daniel. Pondering 🤔 today. Our Country has a problem. There are many who are desperate for cash. Businesses are having trouble making there bills. These are the reasons why times are as they are. Thank you so much for your humble teachings.

[@richcox1258]

Thank you for all your honest videos & information.you are the best ! Keep em coming in 🤗

[@jimb6924]

Honesty and and transparency wins out . Thank you!

[@thomasjensen5478]

Very encouraging video for me. Won't feel helpless when I start to sell my accumulation to a dealer. Thanks.

[@MikeSmith-yo9ch]

I think a lot of people that don't know much about coins look up retail prices . Then they can't seem to understand why a Coin Dealer won't pay and can't pay retail prices . They don't take into consideration that the Coin Dealer has to buy coins at a price they can resale the coin for a profit so they can stay in business . I live in Ky and the next time i am in Ohio i definitely want to visit your Coin Shop . Thank you Daniel very good honest information .

[@CoinHELPu]

You're welcome and thank you!

[@patrickfendley1733]

Great video Daniel. You are a great Ambassador for the coin collecting community!

[@margaretstoner4701]

Your shop appears welcoming and calming. I'm on my WAY!SMILE. Knowledge is exceptionally important when we sell or buy a COIN Do yourself a favor...maybe you ( let's say me) needed cash that day I can't for the life of me decide to do my homework after I needed that money. We ( meaning I) learned wonderful lessons walking in with KNOWLEDGE which Mr.Malone mentions. I loved your attitude with the mound on BUFFALO. Sneaky..i pay ATTENTION. Great pup.THANK YOU. THANK YOU for sharing Daniel.always appreciated ❤your enthusiast from Pa.❤

[@marvadollison1169]

Understanding about coin collecting slowly but sure to your direct info, thx, Daniel👍

[@billb89]

A good relationship with an honest dealer has been my best experience. I bought regularly from my dealer and in turn occasionally I would sell. When I did sell, I generally got red book value if top tier graded. It was during a bear market for coins then so that may have had some play in it.

[@theresam5569]

Your channel is great!! Thanks for being honest and transparent in your video's.

[@frankreillyjr319]

Another Great Video Dude! Keep us informed because theres people like me that are learning from experts like YOU! Thanks again Frank Reilly

[@williamrooth]

Very good information, sir! This has a ton of common sense in it which is refreshing to find on KZbin! Great job, sir!

[@larrynavarro9611]

My friend I love the way you express your love for love of the art of coins and numismatic I wish I can give you 1000 likes keep up the great work,

[@mrsyukoncornelius1732]

Very informative, very helpful, much appreciated! I think I’ll save this video as I am new to coin collecting. I purchased my first ever, Kennedy half dollar rolls for $40, found a couple bicentennials and a few shiny ones, no silver nothing outstanding but I did run a cross seven 2013 D pennies I got in change that year and because they were so shiny I just dropped them in a drawer and thought wow these look like they just came off the press. I ran across them a few days ago and they are really sharp looking even under a magnifying glass so I’m excited about them. I don’t know their value but did watch a video that talked about 2013 D pennies in good shape, I was thinking about sending one in and paying the $20 to have it graded but I have seven total. Wish your shop was in my town I would come by and see what you thought. I took pictures. This coin hunting has me so intrigued, tons to learn, I’m taking notes,

[@charliepugh9436]

Thanks for an excellent video. I can tell you are an honest man with integrity. I'll be checking out your web page soon.

[@bopeep5790]

Thank you ! Honesty is the best policy. Love your videos

[@darthsilversith667]

To my ever lasting shame.. I once sold a double eagle in late 2011 for just $250 when they were going for close to $2,000... See, I bought the coin in the late 90’s when gold was going for around $300 an ounce. When I bought it, I threw it in my coin box and forgot about it for years. Then in 2011, I needed some money and I just assumed that gold was probably about the same as it had been when I first got the coin. Now, I know that the dealer needs to make something so I figured $250 would be a fair price. When I walked into the shop and showed it to the dealer.. he was like.. “what do you want for it?”.. I was like.. “would you be able to do $250..?”. He jumped on that deal right away and I just got a feeling in my stomach that I just seriously messed up. After I walked out, I got on my phone and saw that my coin went for just over $1,900.. I instantly felt sick in my stomach and there was nothing I could do about it. It was a very valuable lesson though and I always do my research now before I sell or buy anything.

[@margaretstoner4701]

I learned that about my platinum 10.00 COIN also.Mr.Malone taught me to do my homework ❤

[@mhyatt82262]

Great and honest point of view of a LCS. To add my two cents, I don’t deal with copper unless it is a 2 Cents Piece. I don’t fool with nickels either. I do have a couple V nickels that were passed on down from my dad I recently went through one roll of dad’s Barber Nickels and found all uncirculated. In the mix was the 1912-S BU. It fetches a lot.

[@georgematthews2877]

Hi Daniel!!🍵 Thanks for another round of common sense!! Some people's coin value expectations don't make much "cents", yuck, yuck!!😊

[@herbertbradford9579]

I am a collector which I try and center around Lincoln Cents. I am on the hunt for any coin in the highest grade possible, looking for, Error’s Variety, or Perfection. To trade or sell to get what I want. When I have found a coin, I look online to get an idea of its value, and divide by 2, and start from there. And sometimes I learn something which is also pretty valuable.

[@e.g.flores2819]

Thanks for the free knowledge, you have helped me a lot. Wish you were closer so i could take my collection to you since i don't trust anyone else.

[@danieldevite668]

I know that you are making a living and you are the most honest dealer.

[@user-iz3jv1kp8p]

Your show is informative and great for new and old coin collectors alike

[@agprice6607]

Always great.....always awesome, and so much great information......thanks Daniel, SALUTE to you.....Keep up the great work.

[@CoinHELPu]

You're welcome and thank you!

[@rogermartin6732]

I might be a different kind of dealer but I never haggle. My first offer is the top offer. No games or gimmicks. I buy at 10% back of greysheet bid and sell at ask. Keep up the great vid's Daniel.

[@CoinHELPu]

Thanks!

[@charlesv.anthony43]

Daniel I appreciate your honesty. Iam coming to visit your shop one day Sincerely Charles ANTHONY. I am new been doing it for about ten months I am learning. Have a good evening.

[@luluurmenita9377]

I've been following you video. You're so honest opinion and good interest to help. I am new collector. Would like to thank you for all informations.

[@patrickmooney4135]

Excellent video. Thanks, Daniel!

[@d.l.huntministries8131]

Hello Daniel, I have a coin & am trying to see what it is worth & ran across your video, you come across as a good honest man & know what you are doing! I am going to visit your website

[@MrHaps-yq3nu]

It never hurts for the collector to do his homework before selling his/her coins! What he/she thinks is a treasure is not always the case. Leave room for the dealer to make some money too.

[@wandawilliams2397]

Every business is a microcosm of life. All of us are different, this is how you know the good from the bad

[@MarkedMoneyTech]

Seems like every successful person I know is good at haggling. It's pretty amazing to me that you run a physical shop too!

[@Castiron-sh3kq]

Another great video brother...Thank you for all you do

[@kimberlyeligio4622]

I have enjoyed watching many of your videos. I learn more and more everyday. Would you have any suggestions on good coin dealers in the Lexington, KY area that deal with errors? I just moved here and do not have a clue who is reputable.

[@theblake5356]

Obviously there are a lot of factors to consider when it comes time to sell your coins. The best advise I can give someone selling to a dealer(or to another collector for that matter); Whether it’s a single coin or a massive collection, know exactly what your bottom line is before you walk in. Of course what you’re asking has to be within the confines of reasonability, but don’t be afraid to tell a dealer what you’re rock-bottom price is..... and certainly don’t be afraid to walk away if the dealer is unwilling to meet your ask.

[@maximvanholt6189]

Thanks for the info. Very helpful.

[@pamelaroberts-aue7984]

Your suggestions are very reasonable... and wise! self education is the path and I do research and reason. We have to self educate and learn the terminology in order to understand the market for our own self protection. What people do not do enough of is to ask a lot of questions for themselves as well as others. But again, one has to have knowledge in order to know what questions to ask. We also have to realize that our fathers/ mothers/ grandfathers did not have the internet to homeschool themselves and may not have even had great libraries to research in. They saved their pocket change or a few coins from the bank when they went in or the coin shop. They did not even know about grading and even those standards have changed. When we help ourselves to learn and then come to a buyer / collector then we help them as well to take less time in evaluation and will exit more satisfied and less disappointed.

[@silverbanky9596]

As always great information Daniel. When I’m in your area I plan on stopping in and making a purchase. It’s the least I can do for all the great content you put out. Thank you sir!

[@gregmccoy8311]

@silver banky Daniel has a shop online also.Its what i use. https:/portsmouthcoinshop.com/

[@CoinHELPu]

Thanks! You can also send me an email on what you would like if you don't see it on my website.

[@silverbanky9596]

CoinHELPu awesome. I’ll check out the website. Thanks again for all you do here.

[@jacobytaylor1166]

Just started getting interested coins thank you for your honesty in your videos

[@paulhampton4699]

Great videos and information Daniel. We had two coin shops in town the one we had a relationship is no longer here. The other shop the first couple of times going in put a pretty sour taste in my mouth with high prices and no negotiation. But that was many years ago and with competition. Now with no local competition it really concerns me. I gotta bite the bullet and go back in I guess. The 2500 mile trip, maybe closer to 2000 miles, is a bit of a drive for a visit to your shop. Lol keep up the great videos man, they are always full of wonderful info, guides and tips.

[@CoinHELPu]

Thanks! You could just fly here.

[@williamstokes2312]

For the common date wheat cents, just show them some of your "junk" inventory and offer to sell the same coin to them for a tenth of what they want for their "rarity." You are a great educator after all.

[@maniacmainer68]

Daniel you provide a great service thank a lot much appreciated

[@bigfootsilverhideseeker2856]

Nice informative insight for the masses. Thanks for sharing!

[@CoinHELPu]

You bet! Thanks for all your support!

[@quietwaters1113]

The only way to stay in business is to be a honest Dealer and give the best price you can give thanks daniel for a great video

[@CoinHELPu]

Couldn't agree more!

[@jazznik2]

For bullion gold etc., the dealers in my area (Wash. DC-Baltimore) pay 97%-99%. I have gotten even slightly over spot on occasion. One dealer routinely pays at least around 98.5% so before I go in I figure what I should get based on this % and the spot price and if I get less than this, I'm likely to try another day. And if I wait, I do get the 98.5% price and sometimes more.

[@richardmansell3085]

You are awesome and honest. I like the way you do business.

[@manuelmanquero5625]

Thanks for the information

[@tafaoatauhrle2534]

Thanks very much wish I've got so u r the coin trusted seller yes u r right thanks for nice video

[@chaicharin]

You can sell your coins on Ebay. Ebay will take 10% + 2.9% for paypal + .31 cents for paypal + the costs of shipping which is around $3-8 dollars, plus the cost of shipping supplied if you don't have envelopes, shipping tape, etc laying around. Then you need to drive to the post office and ship our your coins. So a dealer will pay you less because they are handing you cash right away for it. If you want to get more then you have to put in the work just like the dealer would have to do. Hope this makes sense and what a great video.

[@rondolan4489]

Daniel I love your videos I've been watching more and more videos. Wish their more coin dealer like you .trying to find a dealer who hounest is hard to find.

[@CoinHELPu]

There's way more thank you think. You got to get out more to a show, if you can.

[@budscott1257]

You sir are a honest man👍🏻

[@shepirate4651]

Great insight from behind the scenes 😁

[@Flyingdiscdiecast]

Great Info CoinHelpU!

[@roostermendoza8644]

Very informative I enjoy watching.

[@masterofcents.8175]

As a standard I agree with you 100% great video Daniel.

[@deanpoteet8351]

Just keep being honest you'll gain followers I like your videos you seem pretty genuine

[@mickgreedy457]

I havent been into a coin shop to sell anything yet. Your videos help prepare me for when that day comes. Thanks

[@mathewkinch3619]

Always appreciated thanx

[@mikeconnors1599]

You continuely amaze me with your videos brother keep it up

[@rosebud3971]

Invaluable lesson.

[@enriquemedina4232]

Hey I'm new to these coin collections and about 2 months ago I was at the flea market and saw a 1943 steel pennies and I liked it and approached the coin dealer guy and say how much for it he said $40 and I laughed and say $40for a penni I told him that is more than 4,000% profit then he told me make me an offer the ladie behind show make me a signal saying $20 so I said ha $20 is ok I gave him the $20 and he smile happy and gave me a set of 8-lincoln pennies that have inn 2009 Lincon that are really non circulated they look great all 4, also a 2020 pennie,1955, 2005,and of course the 1943 steel penni and I saw how much the 2009 Lincoln pennies are worth and you are right on all your videos I'll star by subscribing to the most popular coin grading company and grading my pennies and go from there thanks for your advise you are a pro on these business

[@margaretstoner4701]

I truly believe..if ( let's say me cause no bad comments back) I wouldn't be selling if I didn't need the dollars.Malone...you are a extremely fair gentleman with your COIN pricing. I have never met you however you learned me... ( after the fact) to (if u want to make $) pay ATTENTION to you my TEACHER ❤Hopefully I will see you Robert and Dustin at a show someday.❤🐕🐈🐈🐅SMILE

[@greatdimitri1049]

Great video..you are a a good human being. Appreciate the education.

[@CoinHELPu]

You're welcome and thank you!

[@grahamiam5129]

Thank you man.

[@billbaker4379]

Nice to have a honest buyer

[@kristinebailey86]

As always great information I don't ever expect top dollar for my coins LoL I know enough to know condition is very important and most all of what I collected is circulated damaged,cleaned and I do believe re coated and it does appear red but looks closer and you can see circulation damage ware so I don't get overly excited when I come across those because it just doesn't look original to me anyway.

[@scottcahala7779]

I went to the 3 dealers I shop at to sell a set of silver eagles. The offers were within 5 % of each other. I was supposed how close the offers were. 2 would offer more if I did a trade. Just my experience.

[@arnoldrivera2132]

Can you please tell me if I did had the right coins?.thank you & more power!

[@timothyloyd3802]

U are the best. Thanks

[@numismaticstacker]

I only sell coins to dealer that are slabbed. There's a declared value to start with. Gold on the other hand raw or graded. I usually get close to true value on my coins from my LCS. Sometimes I just trade up for something else.

[@bradanhokuma4852]

Nice to see the silver market is getting to the point where people are eating up the 90% kennedy halves and rosevelt dimes. Paid $18.50 per face the other week for washington quarters and I think i got a decent deal. Nothing like it was a couple years ago.

[@concepcionrosales5291]

Could use your help .. have few coins believe are worth getting graded.. Also what coins are most wanted?

[@randyherbrechtsmeier4796]

My dealers fair. 20% below Grey Sheet. I had a heart Attack 2 yrs ago. Im glad I had then. Paid the Bills

[@JACOPO.OFFICIEL]

I like Honesty thanks 👌🏼👍👍👍

[@kyleflounder9783]

I'm a very rare breed I guess in that I still get excited any time I see and handle a Kennedy half dollar. I dunno if I love them enough to buy in a coin shop, but I think I've only ever had 5 in my lifetime prior to inheriting my grandfather's coin collection. I think I'd be willing to support your shop though and snag a few Kennedy's. I seem to like fat, excessive coins; not for practicality (I don't think I would ever take one to spend; so bulky!), but for their weightiness in your hand. You pull out an Ike, for example, and I feel you are making a statement. Not because they haven't been made in 40 years, but because you FEEL that American purchasing power; you just don't get that with a Carter Quarter or with paper.

[@badbutch5352]

There are, well most, honest dealers out there. I understand brick and mortar shops have to make a profit. Not including the fact they have to pay taxes in Ohio. Unfortunately,like in every other businesses, there are people out there looking to make the largest profit possible and will take advantage of people. Stay out of pawn shops and go strictly to coin shops. Shop around and make a educated sale. Thanks for the info.

[@mikesmountain2]

I want to buy MS 62's or MS 63's St. G's ...to get spot or slightly better on the return buy back .. but have the collectability and confiscation protection if they enact a recall...am I thinking right , what is your recommendation both Gold n Silver ....

[@bully9917]

btw.. .love your common sense video. Good work !

[@sunniemayville7836]

I have a 1975 nickel with high mint mark and rim cud plus a few other coins. Where would be a good place to try and sell them?

[@keithhill5230]

Ass always you video be right on point, seriously , it real, thank you, it help me to understand some very important things,iam really glad I found your site, all thought it's been a couple week sense i been here, but i just wanted to say i got a roll of quaters from the back and all of them had a mint mistake iam not sure if they be recognized as error, but there Rhode island and Utah on the letter B the bottom whole of the be is filled in or should i say dotted out 2007, after view your class it's like going to school bro I appreciate them so now I will check out , Coneca that you mention, and also I came across a 1957D wheat that weighs 2.7 g now I know were to go to, I sure it make on some other coin a dime or something, iam very sorry for such along text I know there so many, but thank you for you time and knowledge on so many topic of coins, peace take care...

[@patrickwinter6523]

What is the best thing to put your coins in if you don't have cases can I use little baggies is that going to tarnish it or anyting