What Coins Do Coin Dealers Buy In Their Coin Shop? Here's What We Buy

[@stinkbean1]

A year late to the party here but what an incredibly educational video! I loved the obsolete coins. My family and I enjoyed this, sparked a lot of conversation and pauses in the video.

[@kenstrain4366]

Thanks for the video. My wife worked at a bank and kids would bring in tons of coins that were MS (not graded) probably after a death in the family. She bought all of it at face value, which was still a considerable amount of money (several thousands but less than 10K). She gave it to me as Birthday, Christmas gifts. I thought it was pretty good idea as I didnt need any more socks. She actually had a $500 bill come in but her boss, the branch manager, gave it to the bank manager.

[@juliuskingi3604]

I have East Africa coins. Well may i ask what's needed based on the years, sizes or what I may not have a clue about

[@ultrahighreliefcoinrollhun9623]

Love the disclosure of how much you pay and for how much you could sell them. Over time this videos become a good reference with the price disclosure.👏👏

[@BLC267]

Catching up on some videos before I subscribed some really informative stuff.

[@TheBLSCoinCollectorsClub]

That's really neat! Love seeing all the various things that come through your shop. I'm a British coin aficionado myself but it's neat to see from any collector's perspective.

[@GG-bw3mm]

The day to day workings of a coin dealer. excellent- loved it

[@cravinbob]

I'll make a buffalo nickel concave with a ball-peen hammer and solder a little copper wire loop in the concave part. They make excellent buttons if you make leather coats or shirts such as I did with an elk and a deer hide and Harley leathers. The nickels are usually worn down when you buy them in bulk.

[@bullitt7544]

You have an incredible Web Page. You're one of the most Trusted, & Honest Coin Dealers in a Sea of unscrupulous money hungry, unknowledgeable sellers. Christian at Treasure Town is my other favourites. You are both MS 70's in my book.

[@CoinHELPu]

Thank you!1

[@charlesdowdy9796]

I really like your videos they're very informative and you're one of the most honest people on KZbin I feel. Thank you for the videos please keep putting him up. They are helpful and informative not to mention educational. So I thank you for all that you do and your videos keep her going if I ever get over in your area in Ohio I will stop in and visit thanks again, Chuck

[@NefariousEnough]

Thanks for sharing, Dan!! Much appreciated.✌🏻 The dimes folio looks like the kind of thing my grandpa would have.

[@dalestoner2928]

Love those type sets. Fun to see what comes in your store.

[@justinwhittaker7471]

This is just an ad for his store and website

[@CoinHELPu]

@Justin Whittaker you're making a troll of yourself. Obviously i advertise my business using my videos. I have almost 1,000 videos full of free advise, so instead of trolling take advantage of the education and do something positive in your life.

[@dalestoner2928]

@@justinwhittaker7471 How many Coin Dealers with a store gives you a heads up new inventory that came in the shop and up for sale in store and web site. You just don't get it he is a Coin Dealer giving free information and descriptions about what he sells.

[@MichaelSmith-990]

I'd really like to bid on that West Virginia commerative set. I'm from West Virginia born and raised but now living in Ashland KY. I'm planning on buying a scratch and dent soon. Love your channel. Great work Daniel.

[@CoinHELPu]

It's up for sell instead of auction.

[@FirstLast-dp8wb]

I have some coins I'd like to sell if you're in Ashland KY. Let me know if you are still buying?

[@robintraina217]

Daniel, enjoyed your video, thank you , and Happy New Year

[@shnibby69]

I’ll have to make a trip to Portsmouth from west central Indiana! Thanks for sharing, Daniel!

[@typeviic1]

West central, like Terre Haute?

[@paulmcckain3420]

From pgh. Going to make a road trip! There

[@Johnh14195]

Happy to find another local individual who is interested in coins! Allen’s was the first place I went to!

[@debrabrownlee3573]

I love this channell . He gives youe everything you need to build your collection or how to sell your coins. He has all the resources you for each video you are intrrested in. I have been learning alot

[@slickdoglong3669]

Great job brother I was in Allen's in Westerville 20 years ago I bought 2 gold ounces but the guy come in behind me had brief case hand cuffed 2 himself clear full of pawn shop scrap jewelry gold it was a giant pile he was probably buying from the pawn shops weekly God bless

[@dimcdermitt]

Those last three were my favorite as well. I also like just looking at the designs of old paper money. Their colorations and of the deep green ink. Beautiful detailed art!

[@galoon]

Yes, the 19th-and early-20th century engraving on those notes is absolutely gorgeous! Same is true for U.S. stamps from that era.

[@robertstroback3362]

Love the dime holder from Portsmouth bank. Will you be auctioning or selling it?

[@CoinHELPu]

I don't know.

[@ogenevieve]

It's very cool getting see what ppl bring in bcuz you can never tell what may be in there. However, it's kinda heartbreaking for me bcuz my 92 yr old dad gave his lifelong coin collection to my nephews ( my sister's kids) and her husband basically traded the whole thing for a handful of magic beans. And he just had to tell me that the collection was so heavy, he had a hard time getting it through at the airport. So yeah, that happened, but thanks buddy for another informative video. 👍

[@UrsaMinor983]

Wow, that’s messed up. You need to will items to who they are intended for these days. That was terrible thing for a father to do to his own kids! Also your sister allowing that is also uncalled for.

[@lamarravery4094]

Why didn't you get them? Apparently your nephews made your dad happy and maybe your relationship with your dad wasn't as close.

[@kimsylvia5341]

Uugggg

[@kimsylvia5341]

@@lamarravery4094 I'd rather lose a coin collection then be a brown noser!

[@sixinchhiheels]

@@lamarravery4094 It isn't your business.

[@MarkA-Coins]

Love it Daniel. Thanks for sharing ! Those type sets in the black holders are sweet looking. Keep sharing cause I'm nosy ! lol

[@jakobausterlitz8102]

Not valuable though.

[@james4582]

Good morning Daniel from the shaky side of the country. Just dropped by to say this after watching the video Whatever or however one collects It’s fun and so enjoyable!

[@daveybreeden6645]

Nice set of coins like them all, thanks for sharing have a great day

[@robertkreiling1746]

Thank You , you seem to be a really stand up guy ! Great video

[@cavemanlawyer5608]

I can’t wait for my $200 grab bag!! 🎉happy new year daniel! Hopefully one day I’ll make the trip to Ohio and see the shop in person.

[@CoinHELPu]

Thank you

[@macmcguffie1003]

Thank you Daniel !!! Wishing you and Family & Friends a wonderful Thanksgiving Holiday.🇺🇲👍🇺🇲

[@jdanielm5995]

Nice informative video... thanks...!!!

[@harrydrury4734]

BEAUTIFUL COINS , ... THE HISTORY IS SO RICH , ... BEAUTIFUL .

[@binsbins1]

Thanks for the video!

[@johnshoosmith]

It's amazing Dan how many videos you can come up with! I'm still enjoying them, with hundreds to go.

[@bobspistolsandpaydirt8607]

Cool coins. Thanks so much… best wishes.

[@Jodyrides]

A friend of mine started buying silver coins advertised on television. 1 ounce silver coins. I forget the price something like $29.99+ shipping for each coin.. so with shipping it was like $35 a coin he was buying them every week for years.. he got into some financial trouble, he had a Business that started out as a job working in his basement, and it became bigger and had employees, all the while he held down his regular job. So he was pretty much working 50 to 60 hours a week for years trying to keep his business , while holding down his job that he had since he got out of the Navy in the early 1970s The business collapsed, mainly because of the people he hired that got greedy and took risks..Ended up declaring bankruptcy, and one of his employees ended up bailing him out and owning the business.. set my friend was selling pretty much anything he had. Tools, his motorcycle, his guitars and amplifiers, his stereo system. And finally his silver coins.. those commercials kept pointing out how the value of silver is going to skyrocket.. well that sky rocket had a dud for a fuse.. my friend called the company that was gladly selling him coins every week through the mail. he asked them if they would be interested in buying them back. they told him to take those coins to a store that buys grandma’s jewelry, unwanted jewelry, coins, things like that so he did. He took all those coins in their special containers to keep them perfect to several places. They all went by the same business practice.. it didn’t matter what coin it was, they would only pay him for the weight of the coin. He invested $35 in each coin. At the time silver was around $18 an ounce. they told him they would give him $18 an ounce -10%, -$.85 per coin transaction fee.. so they would only pay him $15.05 for each coinhe paid $35 for.. he lost $19.95 per coin.. OK so let’s say they were gold coins. The same thing applies. They subtract 10% from the spot value at that moment, and then they subtract $.85 per coin transaction fee.. So let’s say he had gold coins and the worlds monetary system collapsed. They say you buy gold as a hedge against inflation or a guarantee if the dollar work to collapse.. So how do you go to a grocery store and buy a loaf of bread with a gold coin? How are they going to make change? With worthless paper? Pennies?

[@kyleharrington1228]

If the dollar collapses, you really think there will be grocery stores selling bread?

[@davidparisi4980]

​@kyleharrington1228 Probably not,but his point is they are not going to be a practical way of trade.whos going to set value it'd be how bad do you want or need it,these videos prove that coin collecting is a nice hobby and that's all,unless you have very very rare specific dates in uncirculated condition.this silver gold in case of SHTF stuff is a massive come on.When silver went to $50 an ounce it was because of the Hunt bros,and during the depression the government confiscated gold.So if your left coins by someone yeah you'll make a little money,a little bit more than face value.

[@BlueWaterSTAX]

Really cool video. Thanks for sharing. People not paying will get worse as the recession sets in. That's why we need sound money 👍

[@zebcherry]

Mount Vernon has a loop to view there coins on the web it's amazing ,you might want one! I realy enjoy your show!!

[@josephhodges9819]

I think you should always have a handy magnet. I have one in a tiny case and is about 2" inches long. I have a box with like 300 foreign coins in it and ran that magnet through for about 5 minutes and got all the ferrous coins out. This left me with coins I could deal with.

[@ivanhicks887]

Thankyou for the Excellent Presentation ------- We will be Intouch Soon - - Thankyou

[@tomsrandomness]

I'm sure I already commented this a year ago, but Allen's was a big deal trip for me as a young man. It was really cool to go in there.

[@timdemming6352]

Thank you for your perspective and insight.

[@Diggin_Ohio_Jewels]

Good Info. Thanks... I Stack Silver. I Metal Detect Cuyahoga & Summit County Ohio. I've Have Dug Some Silver Coins Here but Not as Much as I Would Like to... Unfortunately , Most are Modern Clad: The $1 President Coins, Susan B, & Sacagawea's.

[@bikesbullets9080]

Very cool!! Amazing what people "put back" or find from a relative. I am new to coin collections. My wife came across her grandfather's collection. I am overwelmed with it. Thank you for making these YT videos! ;)

[@Steven-xy8rg]

Thank you for sharing with a very informative video have a great day

[@williamclark278]

You have given my Mind Alot of Information to pounder about... Now I must take a nap.. I still cannot find what to collect, there is too many cool looking coins, and my mind wanders alot, and likes to spend $$$$$ So I have to Slow Move this coin collecting thing. Thank You for All that You Do.. Many Blessings to You, You're Father and Family and pets somewhere in time and space, Sir, William

[@CoinHELPu]

You just buy what you like, one coin at a time

[@crossletfour6402]

Very informative. Thanks, Daniel.

[@bezo8162]

I'll be sure to leave explicit instructions to place my silver bicentennial coins on top when my kids go to sell it🤣 Keep doing what you do👍

[@silverfreak4954]

Thanks for the awesome insight wonderful presentation

[@robertrogers1469]

I'll echo what everyone here is saying - those type sets at the end are awesome. I'm wondering how high the bidding will go if you start it low at $1?! My guess is that it will quickly go much higher than that. Great video!

[@garyroberts4209]

I love the videos I learned a lot from watching the videos thank you very much .

[@murlbailer3755]

Pulled a nice’64d quarter from vending machine today. Almost put it back in.🐎🌻✌️

[@gameshot911]

A cool video topic would be whether you ever lose out on $ when you list an auction. Do auctions ever slip through the cracks and someone nabs them for less than market value? How do you react? Do/can you take steps to prevent that from happening? (And vice versa - do you ever get an auction where it sells for a lot more than you thought, and why do yout hink that happens?) Does it make you consider selling more coins at auction vs. a flat listing? How do you decide what to auction vs. list at a price?

[@ttm1093]

I went into a coin shop I frequently visit to buy coins. Some lady was trying to sell her coins for retail. The owner said people would buy the coins on ebay for less. He turned to me and I had ebay already pulled up on my phone. He said to the woman see what I mean. Me personally would rather even pay more at a coin dealer because you're pretty sure what your getting. A lot of photos of the coins can be misleading or the coin may be fake. I bought one that was ms but when I received it I could tell it had been heavily cleaned.

[@igorkv7221]

Where the coin shop is located?

[@Paul-lm5gv]

Well done! Great info! Tx.

[@malcolmscoins7581]

very fair pricing for what you showed us good job buddy

[@dennismorris3254]

That was a great video still learning thanks

[@GhostDiZ]

Great video. That little Nevada bar, still available?

[@CoinHELPu]

Nope

[@phononut]

Out of all the coins you showed, the type sets are my favorite! I've got a complete 20th century set and I'm working on the 19th century set. Great video and beautiful coins.👍🇺🇸

[@galoon]

The 19th century U.S. coins are my favorites--especially the Seated Libertys and 3-cent pieces. Happy collecting!

[@randallwest1572]

I love naturally toned coins

[@stephanebelizaire3627]

Happy New Year 2024 !

[@paulmcckain3420]

Boy,that stuff,is fun to look through!

[@peterhawryluk8430]

I'm ready to open my 1957 & 58 proof sets 😂 58 was last year for wheat pennies. Had these original packs still.

[@abrahammorrison6374]

The Royal Canadian Mint is located in Winnipeg and Ottawa. First country to colour coins. The Royal Canadian Mint makes coins over 200 countries.

[@virgilgreen3108]

Thanks! Considering getting into numismatics.

[@_CYB0RG_]

I never have been a stacker. I have too much love for US Coinage…wow I like that trade dollar

[@santororobert58]

You tell it like it is Sir! Good information thank you 😊

[@TruthLivesNow]

Fun video! Thank you!

[@uwetetzlaff8967]

It's nice to see what people collect, what they really like!that's the fun of owning a shop, I've been advised to open my own shop! Thanks, I look forward to ur daily scripts!

[@annette22177]

T.y. dan great video. And you have a great day..👍🙏🙏✌️✌️🇺🇲❤

[@thomasjensen5478]

Thanks for sharing

[@paulbruney1704]

Good morning Sir Daniel! Pray all's well!

[@BeverlyPfirrmann]

Most dealers I have known either never handle a raw coin bare handed or if they do only by the rim. I was very surprised that you touched those mint state half dollars on the face bare handed.

[@santororobert58]

Yeah what's up with that? Where's your white gloves?

[@CoinHELPu]

Most dealers do NOT wear gloves and neither does PCGS or NGC or ANACS, get out to the shows a bit and see what I am saying. Also, I didn't handle any BU coin by the face, there wasn't any BU or problem free coins in this lot. The halves had tape on them and had to be restored.

[@robbonaiuto3501]

This is 100% correct. Gloves are not needed. If you’re concerned about fingerprints just dip the coin in pure acetone. Problem solved. BTW the world’s best graders do NOT wear gloves even when grading coins worth hundreds of thousands of dollars.

[@kevinogracia1615]

Love your informative channel. Earlier in the video did you say "melt value"? It's my understanding that this illegal. I've always been confused on this issue. Thanks.

[@CoinHELPu]

it's not illegal to melt silver coins.

[@robertjolly3021]

Nice show, you seem on the up & up !!! 👍👍

[@jdrodd1]

Very cool thanks for sharing

[@gmamagillmore4812]

A local Memphis TN coin shop owner, who shall remain nameless, known to local coin collectors as "the rat" had a man walk in with a coin he had found and ask it's value. The Rat said he didn't recognize the coin, a U S five dollar gold piece, He then said it " but it says five dollars , Ill give you five dollars for it".

[@CoinHELPu]

Believe nothing you hear and only half of what you see.

[@inlight8113]

Star wars beskar bar in your silver 1oz is a nice coin from Niue.

[@tomfrazier1103]

I've had very bad luck selling coins to a shop, granted it was in the '80s and I was desperate to pay for my car. It included a lot of silver vanity pieces from the the '70s Phillippines under Marco's. I conservatively graded them all at $170-, and was given $4.50. The oldest coin I've dug up is an 1872 Quarter, A.G. when lost c1900, no mintmark.

[@Pfsif]

I've had good luck with Craigslist.

[@andrewvela2266]

Such an interesting post. thanks for sharing.

[@upnorthcollector3267]

Thank you. Nice little collection.

[@michaelribley1803]

I have 4 CC Morgan Dollars from the Govt Auction, in their slab configuration. My uncle who suggested that my mom should bid. Said "the govt grading people did a poor job of it". Should I send them into 3 party grading group, PCGS or NGC?

[@robbonaiuto3501]

It depends. First, look up grading guides online and try to get an approximate of each coins grade. Then look that coin up using an online price guide like PCGS’s or NGC’s by year and your approximate grade. It’s the value of the coin is over $100 I’d say go for it. You gotta put a little work into it. Even some CC’s are somewhat common. Some would increase significantly in value by being graded and slabbed. Others, not so much. If you do decide to get them graded stick with NGC, PCGS, or CAC. They will bring the best prices. Please note CAC is very strict with grading.

[@phillipthiebjord]

I like those type sets in the Capital holders too. I got a nickel one at my LCS. Thanks for sharing. 😎👍

[@011CJ]

Thanks again for the vids👍

[@bobegan2121]

Thanks again Mr Daniel

[@bigstyx]

I buy those all day long at the prices you gave these people wow.

[@avilacanario]

I wish your shop were right down the street from me. I would probably be there every day.

[@markdavis4794]

Nice and informative video! Anyone ever tell you that you remind them of Billy Bob Thornton?

[@Teacher-1388]

Thanks for showing us. Great coins l think.

[@yotefan2095]

Thanks for sharing. Very nice.

[@karenhansen1945]

Would you please explain what melt value is? Is it the same as current silver market value price? Thank you. Great video!!

[@andyreznick]

Fun times. Thanks for the video, sir.

[@davidcassity6593]

Like most collectors I started with pennies and a Whitman folder. I bought a few coins from dealers, but today it’s mostly proof sets. Would you do a video on proof sets

[@dwaynecollins4974]

I like the ones at the end they're especially cool

[@alex00731]

Thanks for the class 👍

[@piecesofeight]

Very instructive. Thanks.

[@MoonShotNY]

New to the channel. Great information.

[@rickengen5249]

Thank you

[@jessestaggs2136]

The only other very common buy that I didn't see here was the Wheat Cent. I see the wheaties come in by the bucket loads!

[@emillotana261]

U

[@richpederson6691]

Great video 👍, good information, thanks for sharing

[@TtheSilverStacker]

Fun video! I liked the variety!

[@kenfewell4200]

Than you

[@johnt.4947]

I appreciate your time in sharing this. I've always like Capitol holders.

[@rickjohnson9500]

I have a pennit is a 2001 D it 2.5 g in white magnet will not stick to it I found it in my driveway. I . Also have a penny but it is the size of a nickel it weighs 2.5 g does not stick to a magnet got it in change from the grocery store I think it on what they make nickel out of. Please help me to see if it. Real thank you