What Do Coin Dealers Do With Coins & Sets Like These?

[@JamesPolizzi-q9e]

This guy must LOVE what he's doing. I would never have the patience

[@notthatyouasked6656]

My mother started buying mint and proof sets from the mint in 1968 and stopped around 1980. Around 10 years ago, Mom needed some money, so I bought her out. My sister thought I made a great investment. I had to tell her that those coins were now of minimal value and this was done for love, not money. She thought I was crazy at the time, but now realizes what I meant.

[@TheJimbodean67]

I was at a local shop and witnessed “the tears” you describe. This nice lady brought in a box of stuff her late husband collected. It was all gimmick coins from the mail order places we all know. Apparently she had pinned her hopes on living her days comfortably on this “investment”. When the owner told her he couldn’t buy any of it because there was no value in it for him to resell she was visibly shocked. When he pointed to a bargain pile of fancy and similar but empty wooden boxes he had for sale, you could see the blood drain from her face. I felt sorry for them both, because he obviously had been here before and hated giving people the bad news.

[@Historyswatching]

I would love to go through that coin collection

[@The_Nowhereman]

In life, this was someone's pride and joy.

[@efilhgih]

My thoughts too

[@QoraxAudio]

Or shopping addiction. Seems like the original owner fell for all the hyped up plated coins that were sold on TV...

[@glen1555]

There is an early episode of Coronation Street, a long running British soap opera, where Uncle Albert gets an appraiser to price his collection, and the appraiser had to tell him it was worth nothing because it contained nothing out of the ordinary

[@Dave-my1we]

@@QoraxAudio I agree with this. A bunch of random stuff stuck in a box and taped shut is not the stuff of “pride and joy”

[@joel6427]

I know a fellow who's father passed away leaving him a hand full of gold coins. He told me he got rid of that junk right away.

[@kevin7151]

You are a very honorable guy and appreciate your willingness to go through others perceived treasures.

[@CoinHELPu]

What Do Coin Dealers Do With Coins & Sets Like These? Coins dealers are being flooded with coins and sets like these, some even turn them away. So what do we do here at Portsmouth Coin & Currency Co? BUY COINS From Us portsmouthcoinshop.com/ Help Community coinauctionshelp.com/welcome-to-coinhelpu-community/ More videos! www.youtube.com/@CoinHELPu/videos Join CONECA conecaonline.org/ Join this channel to get access to perks: kzbin.info/door/IYtW3byS0u7rBmXg71pXQwjoin Join this channel to get access to perks: kzbin.info/door/IYtW3byS0u7rBmXg71pXQwjoin

[@SmilingCorgi-gc4fy]

They throw them away or say. They are worth nothing than turnaround and sell it keep the money

[@CoinHELPu]

@@SmilingCorgi-gc4fy what do they throw away or say is worth nothing? Ive never done that unless it’s true.

[@jackson5781]

It's best if you keep the silver on you. But the copper keep on you as well, cause if you end up not selling it while inflation hits badly, skilled tradesmen will need those copper pennies for welding to making copper pipes. There is alot that you will end up being able to use it for. When the pennies aint worth anything

[@CoinHELPu]

@@jackson5781 if it ever gets that bad you’ll need guns, ammo and water and food.

[@dieseldragon6756]

I don't suppose you're located at the Portsmouth that's just 50 miles south of me, are you? 🙃 (Unlikely; _That_ Portsmouth is the home of the Royal Navy, U.S. coinage is rather uncommon here, we drink too much tea, and we insist in driving on the wrong side of the road... 🫖🇬🇧😋)

[@brianhagler4490]

I've found older folks usually have a lot of these "sets". Some of the scam channels on TV gets them hooked.

[@Kane6676]

Most coin nonsense are scams including silver itself.

[@jsivco3sivco785]

SOME "older folks" maybe. Most older folks (whatever your idea of "older" is) aren't so gullible!

[@leechjim8023]

​@@jsivco3sivco785Sadly, too many are!😥😥😥

[@jamesodell3064]

I am 76 and just gag when I see or hear the ads for coins or gold. A few days ago I heard on my car radio Don Trump, Jr. pushing a gold company that is just a scam.

[@wkb373]

A lot of ads in the back of the AARP magazine for those “sets”.

[@ashleighelizabeth5916]

A lot of Boomers grew up collecting one thing or another, comics, sports cards, stamps or coins and MOST of them grew out of it. Old collections were lost or forgotten or stored with a parent that eventually disposed of them and then in the late 70s the collector craze started ramping up and by the 80s it was in full swing with story after story about the kid that had a Mickie Mantle baseball card when he was young but he lost it or his mom threw it out. During that time Golden and Silver Age comics went through the roof and all of the comic companies tried to cash in on the craze with hologram covers and "limited editions" and multiple covers. Sports card companies went crazy with signed inserts and chase cards too And anything else that could be collected got swept up in the craze. That was the age of Franklin Mint on the TV 24/7 it seemed and Precious Memory statues and collector plates. As a Gen X I grew up with stories from my Boomer parents about the Barbies they threw out or the Baseball cards their parents gave away and I was swamped in companies pushing new collectibles. And I had my own toys as a child that of course I didn't take care of or that I lost that I now see are worth a small mint of money. But what I've seen as a vintage and antiques dealer is that my generation seems to be the last that really cares about that stuff. Millennials have far less interest in grandma's china or mom's silver cutlery and Gen Z has virtually no interest. And there is an absolute GLUT of this stuff on the market and more of it seems to show up every day. Stuff we thought was rare growing up before the internet has turned out to be commonplace and worse yet reproductions and counterfeits abound. Sadly a lot of this stuff is probably destined for the landfill and that really is a shame because a lot of hopes and dreams are going to get buried with it.

[@Crypt0fin]

I disagree with you statement on comics due to them becoming mainstream media on TV (for now) but everything else you said is pretty accurate. I've heard graded comics aren't doing so well at present though. I will add another questionable thing Millennials like and that is retro or vintage video games. Will Gen Z and other generations value them? Or will there be something else that future generations value that will become devalued even further down the line.

[@robertcook5201]

When I appraise a amateur collection, I rarely buy. I tell the owner up front " It's not worth half what you're thinking." I simply give a reasonable estimate, check for gems and write down the pertinent information. Then I send them to a reputable local dealer. Most find me pretty accurate and thank me in the long run.

[@davidyouse2888]

The US Mint's production of coins has gone the way of the Bureau of Printing and Engraving did with phitatelic issues. Pump out multi millions of each issue and try to convince the consumer that they're rare and collectable. I had a huge stamp collection that no one woulld even give 10% of face value for so I took everything from 1940 on and used them all for postage. I'm still trying to dump the ones from 1890 to 1938. I dumped all of my coin collections years ago when I realized it was a fools errand to complete just about any full set. I now have an almost complete type set and have far less angst about individual coins missing from a set.

[@Crypt0fin]

I agree with you on stamps but you can get a full set of Roosevelt dimes or Washington quarters on the cheap if you don't want them all uncirculated.

[@stevev3142]

My mom and my wife’s dad collected coins and when they passed we inherited quite a few coins but nothing like this. My wife’s dad collected cut glass, guns, antiques etc. She and her brother tried to sell the cut glass but didn’t get anywhere near what he had in it. Stuff like this is ok if it’s your hobby but it is not an investment like so many people believe it is. I’m glad I never developed a need for old stuff. It’s sad that so many people wait years to inherit this stuff and when they do they find out it not worth anywhere near what they think it is.

[@russjordan243]

I may be a coin snob, but I avoid pretty much any coins that aren’t silver (or gold). I might sock away some copper pennies in a bucket somewhere. Just about all the other stuff is pretty much worthless to me. If there’s not underlying intrinsic metal value, I’m not interested.

[@weaton25]

That is my thoughts exactly solid silver and gold has value all of this collectable stuff is to my mind for people who really know what they are doing you get the same thing with postage stamps it can be good but you really have to know what is good and what is not so for us normal people do not get involved in this stuff.

[@snarky_user]

It's interesting that the self-declared "Coin Snob" is actually a bullion guy. Most people I would describe as coin snobs are collecting stuff where the intrinsic value is insignificant to the numismatic value.

[@frostyt6129]

Kudos to you for not turning away people who bring sets to you.

[@dieseldragon6756]

Y'know...Having a numismatic interest but also a thing for internationalism, non-UK coinage is pretty rare where I live. I'm starting to wonder if I should consider collecting _non_ UK coins? 😇 Heck: If dealers want to offload piles of _barely-more-than-FV_ sets to overseas collectors at a little over FV to clear, depending on the shipping costs I'd probably be interested... 🪙

[@bingo7799]

The fancy cases reminds me of the products that HSN and other tv coin sellers put out. I bought some myself back then but dont expect them to appreciate much. They really pushed the monthly delivery programs.

[@donaldperson948]

I love the Eisenhower dollars! Beautiful coins with the gal or liberty bell!

[@Sarah-h1k8x]

I love the idea of some of these sets for kids stocking stuffers and Christmas party pass gifts for the family. So true about it being a great way to get someone interested in the hobby. Love your videos.

[@johnt.4947]

You're a good man Daniel, for taking the time you did going through all that, trying to do the best you can for your customers. Time is money, and I hope they appreciate that.

[@JABoyle3875]

My father fell into the trap of those plated sets. I have a set of the presidential dollars that are plated in gold and platinum that he paid $25 a coin. Another set of the state quarters plated in silver and gold. They come in very nice display cases, but I know that they are not worth anything approaching what he paid for them. Right now, I am keeping them just as souvenirs for his grandchildren. He also gave me a binder that was supposed to be the complete JFK half dollar collection, even though it was missing several years and they were sealed on these little baseball cards that had interesting facts, but the only coins there worth anything more than face value were the early silver coins. The biggest thing he has given me, is this large treasure chest set that in the top level is one of each of the state hoarders in airtites, and then there are two drawers in the case that have between them a sealed roll of 12 of each of those state quarters and what is claimed to be an uncirculated condition. I am probably going to end up getting folders, cracking them all open, and then selling 13 supposedly uncirculated sets of state quarters on eBay. I seriously doubt I would get anything decent for the set as a hole considering how incredibly heavy it is.

[@allanpelton684]

Daniel,I have started several sets of dollar,quarter and even dimes. I figure that my grandkids will probably never use coinage when they get older. Perhaps a history lesson but I know the are not worth alot. I cannot afford alot but it will be something left to them.Spend it,save it or throw it away it is up to them. UNFORNATELY MANY PEOPLE DO NOT KNOW THEIR LOW VALUE.

[@dangevin]

This is one of your best videos. Every moment is packed; putting your experience to the test while flying through some really good examples is so helpful. I hope people with collections, inheritance, estate sale finds, etc will see this and come into their LCS with fair expectations. Best wishes, and thanks for your enjoyable and informative content!

[@wildwild9926]

I enjoyed watching your channel. I have been collecting coins snice 10 years old. I have been buying and selling coins for years. I hope that you find the 1909 s wheat penny. Good luck. I enjoyed finding silver in change.

[@kwesty1]

I really enjoy your videos! I learn a ton from them. I have inherited a small collection from my GF and I have always been interested in the history of coins, It is really fun to look at them for their beauty. My favorites are the Thaler's.

[@johnthomas8606]

I was asked to sell of my FIL's collection. 5 footlocker style safes filled with his collection, that he invested around $50K in (kept all the receipts) and most of his collection turned out to be unsellable "collectors" junk produced by Danbury Mint among others. Just junk w such miniscule amounts of gold or silver plating that none of it was worth anything (unless you collect junk coins commemorating WWII navy battles). He thought that he had invested in coins that would retain if not increase in value but he was scammed by companies they prey on the nostalgia of old men.

[@dannydaw59]

Is the Franklin Mint one of those coin companies that sells junk that never is worth more than what you paid for them?

[@ashleighelizabeth5916]

@@dannydaw59 coins, plates, statues, you name it. If they can slap a "limited edition" tag on it they will sell it.

[@RealtorInThe828]

Thanks for the insight and share Daniel. Always time well spent.

[@Rashuric]

When my family and friends find out I am a coin collector, my mom bought me the plated presidential dollar set I had to explain to her that it was a nice thought but was nowhere worth what she was paying for the subscription. My wife for a gift bought me an uncirculated set of state quarters... That being said I search circulated coins and fill books trying to make sets because I enjoy it. I do not expect to get rich off that, I just hope to get lucky and find some key dates or maybe even some silver.... I do collect silver coins when I can afford it as an investment and that is in the cabinet with the rest of my collections... LOL My daughter or Grand daughters will have a big mess on their hands one day

[@davidgerwin7885]

Anything from a source with "mint" in the name should be bought with the idea you like the item. That stuff can be bought at estate auctions for next to nothing. I buy it and can usually find a few items i want to keep, a few i can sell and give most of it away.

[@georgematthews2877]

Good Morning Daniel! ☕ I don't envy you having to contend with such "treasure hunts"! That empty manila envelope flopping around kinda sums up my emotions while watching you root through it!🥴

[@HeatherGemmen]

I just collect coins from pocket change to fill the books, trying to get a complete set. I guess I'm a completist. Same as when I was a kid and collected postage stamps and baseball cards. It's just fun; I'm not expecting to get rich! Good, informative video, thank you.

[@richardw3470]

I gave pocket qtrs to my late chum making a book for a grandkid, national parks or similar.

[@chiplangowski3298]

I do the same thing. It is just kinda exciting to stumble on those last few quarters you need to complete the set. And I know exactly how much each coin in my collections of quarters is worth - 25 cents. Well, 25 cents minus inflation...

[@dougvanallen2212]

Hey Danial I’ve been giving my mint sets to kids around the neighborhood maybe it will get them off there phones for a little while

[@-oiiio-3993]

You're a good human. If not careful, you could ignite interest in history, art, culture... .

[@deannekliene2673]

Be careful too or parents will wonder why ur giving them $$....if I didn't know about coins id question it too....just being a mom and grandma....

[@dieseldragon6756]

@@deannekliene2673 Aye...Better to give them to the _parents_ rather than the kids. Just start it off with a giveaway offer on the local WhatsApp group or whatever. 😇

[@jtstacey83]

I find a bunch of that stuff can be sold at coin shows. Great way to get younger people cheaply into stuff.

[@Gumardee_coins_and_banknotes]

This is why I prefer to collect German states, Swiss Canton or India pre British coins, easier to resell if I have too.

[@pdpandion4931]

I inherited my father’s coin collection after he passed. He had all kinds of stuff but he didn’t buy cleaned coins. We’re going to see more and more coins ( I think Morgan and Peace dollars) back on the market as the Boomers pass away.

[@jerrydavidnichols6735]

Maybe give out some of the plated coins to kids as a souvenir and possibly the empty coin books. Anything we can do to get kids more involved in the hobby is always a plus. Put the stuff that doesn't do well on your auction instead of taking it to the bank.

[@Marinesniprx]

About forty years ago we had a coin shop in my home town if you were a kid or came in with a kid they'd give you a half dollar sized Wooden Nickle (yes made of wood lol), it had the Buffalo from the Buffalo Nickle on it and it said "One Wooden Nickel" and on the Reverse was the name address and phone number of the shop, over the years they would change the design every so now and again ,so there were many different ones to collect, they were a lot of fun and it was great cheap advertising for the coin shop.

[@justsomeguy404]

All my plated stuff I accumulated that I didn't know what to do with or not worth passing on , went into the coin star a couple years ago. Happy hunting!

[@TheMrmodernmonkey]

lol

[@ronaldmitchell3665]

Eureka!!!

[@richardroy6179]

Coin collecting is similar to collecting sports or game cards. All hype unless you have something very very rare. Glad I'm just a generic stacker.

[@KClivlaughlove]

I do great at selling these "type" of items! I am a whatnot seller in the coin, currency and bullion category. I try really really hard to have items for every size budget and of a variety of everything and anything coin, currency and bullion related. But these "type"of items I do the best on, but have a hard time locating easily unless I purchase individually! I wish I knew I'd a place I were able to buy in lots such as this or bulk!!!

[@ashleighelizabeth5916]

Advertise locally that you buy coin collections and you will probably get flooded with it.

[@Bobrogers99]

I have a heavy box full of silver quarters I inherited from my father. I figure it's worth at least the value of the silver if melted down. There are also a few old silver dollars, but none of them seem to be the valuable dates, so I put them in key rings and give them away as gifts.

[@ronaldmitchell3665]

This collector must have fell for EVERY gimmick in Reader’s Digest🤷…

[@cathrynm]

I guess they inherited the old stuff, my father has literally the exact same books of partially filled mercury dimes, but thankfully, none of the plated coins or Home Shopping Channel junk.

[@Marinesniprx]

You think so? Gold plated coins? Here in the same area as the lead cross that metal detecting specialist Gary Drayton dug up with the Lagina brothers last year? The Legend says one more season of Oak Island must die before the real treasure can be found at Portsmouth Coin Shop..

[@pdpandion4931]

A lot of people did unfortunately

[@gregsmith5132]

Explaining the difference between a coin collector and a bullion collector would be helpful. They are both looking at coins but for different reasons. The bullion collector puts a solid floor under the value of a coin that coin collectors won't pay.

[@nedelwre]

bullion collector are saving it for "bad times". while these packaged normal coins are too overpriced, compared to the metal values.

[@JoeBilello1969]

I started stacking bullion for the future a few years back and made out really really well financially, BUT out of boredom I started buying crazy numismatics. Ya know, those various coin sets with interesting themes or low mintage specialty coins AND OH BOY DID I TAKE A BEATING ON THAT CRAP!!!! EVEN IF THEY'RE REAL SILVER OR ACTUAL GOLD!!! A prime example of this is that coin series called "Eternal Sculptures", oh my God are they beautiful coins, but as 2-oz silver coins $300 a coin is extremely steep, even for low mintage specialty coins. It was a 5 coin series and then they really stuck it to us with a final "completer coin" that was 5-ounces that cost like 700 bucks, REALLY!?!?! ARE YOU KIDDING ME?!?!? NOPE!!!! well I love them, they're beautiful coins, but, there's that BUT again, they didn't appreciate in value a single cent, actually I've seen them selling on eBay for less than we all paid for them. Now they actually had the audacity to make an "Eternal Sculptures II series" which is even more expensive than the first set of coins, YEAH, ILL PASS THANK YOU!! I work too hard for my money and am collecting for a future return not to just sit and stare at some over-priced junk. So stay away from all of that crap, only buy stuff from actual government mints, like the British gold sovereigns, everything else are nothing but silver or gold melt value 😢

[@WarnMilota]

All of those "premier" sets I bought from the mint. Sad story.

[@NuthinFancyCollectibles]

Daniel, if you know someone that sells regularly at a flea market AND you know you can trust them, you could consign some of the things you don’t want to mess with. Somebody will come through and gobble it up for more than face value and you both could make some money. Even the plain rolls of cents would go for more than face value just because they are uncirculated. Set the price you want for each item and let them have whatever over it they can get OR do a percentage. Just an idea.

[@CoinHELPu]

I don't have any issues selling these coins, but other dealer don't want to bother. Thanks

[@snarky_user]

I remember paying less than face value for late 60s and early 70s proof sets below face, breaking them out, and taking the coins to the bank.

[@cowhand6112]

Really insightful video. And a reminder that just because someone "collects" something doesn't equate to it being valuable.

[@MarlinWilliams-ts5ul]

Lesson here folks is collect coins as a hobby; don't expect any return on your hobby.

[@lelandsmith2320]

Lesson # 2--there are far more coins than there are coin collectors.

[@billyoung8118]

I recently inherited my father's large USA collection that he spent 45 years buying. He has most proof and mint sets from 1953-present. Pennies from 1909-present, all the typical stuff from early 1900s-present for all coins. Most older stuff you can barely tell it is a coin. As a gift for special birthdays I personally bought him the 1909S VDB, 1937D Buffalo 3-Leg, and 1955 Double Die. Spent some money on those, and he thoroughly enjoyed it. Now I have to spend about $1,000 + delivery on a safe to keep that collection in so my homeowners policy will insure it. It will never be hugely valuable to me. I don't have kids, but we are planning on giving it to a (now) 30-year old nephew when we pass on. Maybe his great grandkids might see some value out of it. I have subscribed to the mint's auto shipment of mint and proof sets just to keep the collection going.

[@jtstacey83]

Campaign stuff will always find buyers. I've worked on both Republican and Democrat campaigns and typically walk away with a ton of stuff after everything is said and done. Years later, I'm always amazed at the prices some of it goes for. I've worked on GW Bush, Obama, Trump, and Biden.

[@richardw3470]

I remember seeing prices on JFK junk, some of which I've had for 60+ years. Getting rid of stuff, a good idea at my age. Make a couple dollars for charity.

[@3beltwesty]

Yeah 1964 Goldwaters VP running mate Miller buttons.. Stephanie Miller the radio comics Father

[@haroldmclean3755]

People will buy anything that's Shiny 🏅✨️

[@deannekliene2673]

Yes! I've noticed even pretty things go for higher than same thing in reg color, there's truth to that ...

[@richardroy6179]

LOL I had a friend who told me his son likes shiny things... Talking about all the crap they sell in stores close by the registers. Office Depot, Home Depot, etc...

[@toddmonka275]

Satan's glitter

[@dieseldragon6756]

_Me, _*_finally_*_ finding a use for all that Iron Pyrite he's had kicking around for time immemorial..._ 😉

[@reensure]

Admitted a patient once, an older fellow who was quite bright and with it. He carried his coin collection in with him, afraid to leave it at home because he "owed it to his kids". He wanted a detailed and full inventory, and to be present for the counting and inventory. It took hours. $10s of thousands in face value, and there was obviously more to be profited by a proper assessment. Sure, he could have saved me a lot of time by buying a safe deposit box, but where's the fun in that? I even had to bring him back and rebag it when I found one that had slipped under a keyboard. Good times.

[@MichaelFieldsJr-qr6jm]

I still subscribe, but quit collecting coins three months ago. I was turned off by being told my coins were not worth much.

[@snarky_user]

As bad as you feel, it's often worse in other collectible types. I've seen "collections" of stamps that are closets full of 1930s-1970s mint sheets that sell at a fraction of face value. The post office did everything they could to convince people that buying stamps was an investment and took their money. Then, the government deflated the value of the stamp. Then they receive only a small portion of the deflated face value.

[@notthatyouasked6656]

And now that a basic stamp is 73 cents, any modern mint stamp with face below 25 cents or so is basically worthless - who wants to have to put 3, 4, or even 5 stamps on an envelope? Two years ago, I got 2 junk albums and roughly $100 face for around $35 at an estate sale.

[@teadrinker7098]

Yes it is really sad that those "mint" stamps don't even command face value.

[@JohnnyCollins-cv4gx]

❇️ Enjoy your show about coins ♻️ thanks for the info update ❇️

[@CodyRayDees513]

I needed money about a year ago and I got rid of a lot of my mint sets except for my 2019 and newer ones. I mainly stack bullion now but started more in coins. I kept all my coin books though.

[@OLDGUY7301]

The problem is there is so much of it. I was never interested in coins or jewelry. Land, virgen land with marketable timber. People save "stuff". It has value to them, but in reality, just get rid of it.

[@dieseldragon6756]

Easier said than done. I'm a hoarder, and I've been trying to encourage myself to chuck out all the useless consumer crap for years with mixed success... 😔

[@ickster23]

I bury caches of coins just for future archeological digs to find. Its even more fun when I do it with stashes of ancient Roman and Greek coins.

[@jamessuter551]

I only buy bullion, silver or gold. Nothing fancy at least I try not too and always looking for the lowest premiums. But I'm sure if I look I can find someone on TV hawking all sorts of overprices coins.

[@_DB.COOPER]

I see this stuff at auctions weekly.

[@Dave-my1we]

People should collect what they want, thanks true. But a pile of “random stuff”, to me, isn’t a collection. It’s a pile of random stuff that your heirs are forced to deal with. A focused collection of (fill in the blank) is both quite nice and potentially worth something vs boxes of random stuff. The money spent on all the random stuff could have been saved up to buy that one (in this case) coin that is fairly expensive but would complete the collection of, say, “graded American dimes of the 20th century.”

[@Michael-Philip]

My coin shop will say "This is all Spendable" and "Sorry, It has only Face Value" I've spent enough time there to know they would not buy most of these coins.

[@stardust949]

Just watching you zip through these things is kind of stressful. You're a good man to help people deal with the fall out from all of these coin collections, some okay, some semi-scams (or total scams).

[@darbysdownhomedetecting]

Great information. Thank you for sharing Daniel.

[@maximussilverstacker3928]

It’s crazy how much Junk they make ? silver and gold plated ? Sheesh how do you even give a price with that much worthless stuff in it ? Yowsa 😮

[@drmodestoesq]

Exactly. Go to a thrift store and see how much silver plated cups and goblets and plates there are. Whole rows of that stuff that might as well be melted down for the scrap brass that's under that micrometer of silver.

[@jimadkins4772]

Great video

[@thevendordude]

One thing you might be able to do with the items you don't feel like you can sell is to gather them all up every week and put them in a big "mystery" box. You could sell for a reasonable price and be able to get rid of it.

[@CoinHELPu]

That is what we do, but we don't have trouble selling, just the time it takes to get them out to the public to sell.

[@danieldevite668]

You need help going through those, just asking for a friend! Lol😂 I'll take the junk. Put the plated in your scratch and dent

[@woodlandwonders6887]

My uncle used to buy all these "investment" coin sets. He thought he was retiring a wealthy man but found out otherwise. I advised him years ago that these were collectibles and reselling them for a gain was unlikely. I advised him to collect firearms as they rarely lise value.

[@lamontyoung6071]

Dealers can never understand from a collectors point of view...Collectors are not in it for the money like a business or investor and stackers...

[@Michael-Philip]

Yes that's true, but a lot of stuff is over produced and has no resale value.

[@M.RInvestorChannel]

Interesting perspective 🤔

[@ah5836]

They are never in it for the money... up until the time comes they need to sell to cover other expenses in their life, and they want compensation for their passion.

[@malcolmwatts2487]

I would just scrap all the silver coins & bag-up any others that are still legal tender to the bank.

[@stevewoods8116]

I am so glad I didn't nor did my Parents fall for the BS!!! For once we were just smart enough!

[@UneducatedGeologist]

Hahahaha

[@dieseldragon6756]

I've bought a few coin sets that intrigued me - A set of 3d coins throughout WWII, for example - But most of mine came from circulation. A great way to collect coins that's almost zero risk (Get a bag of 50ps and that's £250,- but what you don't keep can always be spent or deposited back in the bank - You don't pay anything for that, at least in the UK) and can give a nice boost to your day when the odd low issue commemorative falls out of a bag! 😁 Byt yes, „Limited“ edition coins and sets are a fools game. Unless the price is relatively fair and appropriate to the material it;s made of, best to run away... 👍

[@Cthulhu93]

If you have a loved one buying crap off the t.v. thinking they're getting the goods you should tell them where to get the goods, exactly once. After that it sounds like preaching and they'll start thinking you are the problem here,not the t.v. salesperson.

[@rentslave]

This country has changed a great deal demographically since a lot of these were collected. The people with the new money are not likely to be interested in coins-or even invest in them.

[@lelandsmith2320]

and many are not interested in history because it is not their history,

[@kemhopkins3421]

Thanks, I learned a lot!

[@jamesmanley9521]

My sons and I spent l lots of hours at the Bergen Bend.

[@TheEudaemonicPlague]

I used to have a friend who bought and sold coins online. From him, I learned the the majority of coins changing hands online have been doctored, and he's one of the ones doing it. Also, I photographed a few coins for him once, and he complained, because it was a good photo, that showed every mark on the coin...he wanted slightly out of focus photos, to hide such marks. Another scam is to grab other people's photos, and sell coins that don't match. Basically, coin collecting has always been an iffy hobby, but these days, the information on how to age coins, make them look like they have a natural patina that isn't at all natural, is findable, if you want to join in the fun. That guy is no longer a friend, but he's still buying and selling coins on eBay...and cheating every single customer. I won't trust any coin dealer now.

[@CoinHELPu]

So you don’t trust dealers based on one eBay seller? How sad and shallow.

[@bluedragonpr]

Coin dealers are adept at selling these sets of coins at inflated prices. However, when customers want to sell them back, the dealers claim that the sets are too common and, therefore, worthless. In doing so, the coin dealers are contributing to the problem.

[@CoinHELPu]

Coin companies do that, not brick and mortar coin dealers, coin companies like .gov mint do this and they’re a different animal than a traditional coin dealer.

[@richardw3470]

Manufactured collectables. You got four plated quarters (if I'm correct in what I think plated is) I'll give you a dollar bill. I like stamps, not at all popular now, but they've gotten to be another manufactured c. Unless you find an Inverted Jenny (?). But, I think they're pretty, interesting and usable for mailing unless they're foreign. Meanwhile I got a dime in change, only it isn't a dime. It's an Israeli coin and I think it's worth $5 American. Crazy, if so, a little coin like that.

[@garyjarvis2730]

Collect if you enjoy it and expect to never get all your money back. Collecting is not an investment since it doesn't generate income. Paying a premium for gimmick coins, sets, presentations is just plain foolish.

[@dieseldragon6756]

There's a side to collecting that goes beyond value, too. Last time I was in the U.S. I came by a 1999-dated one dollar coin in my change, which immediately stood out to me as unusual so I kept a hold of it. There's quite the possibility it's the only such coin in the UK today, which gives a little personal satisfaction well beyond its 66p face value! 😇 It's also faired a lot better than the Nordic Gold dollar (About 2010, weren't they?) that I've just pulled out alongside it. Despite keeping it in good nick its started going rusty, so goodness knows what a British person can do with that when he isn't going back to the USA for the forseeable! 🙃

[@Michael-Philip]

My friends and I use Susan B and Presidential dollars for a poker game. ♣♦♥♠

[@TheMrmodernmonkey]

where u at can i play lol

[@Michael-Philip]

@@TheMrmodernmonkey N.C.

[@TheMrmodernmonkey]

@@Michael-Philip that would be a long drive lol sounds fun!

[@jwill540]

I have a gold plated silver set my grandmother bought.

[@dannydaw59]

This is interesting. I get an idea on what is worth something and what is not...like painted coins. Now adays it's not worth starting a collection of dimes or pennies unless one has the absolute rarest coin with the rarest mintmark. 1909 s vdb penny for example.

[@Omnivorous1One]

Have you ever looked into those gold plated quarters & such. Can you dump all those into a container with electrolytes & use some current to pull the gold off them & separate the gold from change?

[@CoinHELPu]

Nope, but sounds like a lot of hassle.

[@AbeStephan]

I guess you can call a lot of these sets as amateur sets from As Seen On TV companies .

[@bigo2032]

Good video, a learning experience, thank you. Daniel I would take a wire brush and scar those plated coins and then take to the bank.Keep Stackin Bro

[@ronmueller1164]

My coin buddies and myself refer to the items you are showing from that tub as "grimple" 🤣. If you want to move some of those kinds of items they usually sell good at garage sales

[@lefty3141591]

Thank you for your continued efforts, to educate and help people as you can. I enjoy your videos and seeing things that I would not be likely to come across otherwise.

[@rondesombre6149]

2010 $25 unopened bank box … worth $50… not many high grades out there…

[@Marinesniprx]

The highest graded 2010 Lincoln cent is a MS 67 RD PCGS has it valued at $1800. Imagine what a MS 68 or 68+ would be worth? All the sudden fifty bucks doesn't sound too bad for 50 rolls of them to check out huh?

[@VulcanGunner]

If it is made to be collectable, it is usually not worth much.

[@marymastromauro8164]

Good video, Daniel

[@snarky_user]

We would remove premium coins from the folders, DANSCO, W.O.C. albums with silver in them, count up the face on the remainder, and price it at retail melt. That way, they bought the silver, got a free album, and we didn't have to process everything.

[@joelp6197]

Give the kids a good deal on grab bags, then you may generate a whole new generation of collectors to buy our stuff when we want to cash out.

[@jerrylmoedejr-zg7jo]

I just bought some coins.found a 1922 no D.red might be cleaned no sure.but what a find.seen your video on this coin it helped.but not sure if it's worth grading.HELP

[@EdwardKing-xd7et]

So, What Coins are Worth Keeping or Collecting for Value ( 2001 Buffalo Silver Dollars 👊🏻)

[@dieseldragon6756]

Anything that _actually_ contains precious metals _and_ which you can buy as close to spot as possible. Coins made of common (Low value) metals will always have some degree of _interest_ in them, but unless that interest is extremely strong you won't see real money through it! 😇

[@macarioacosta7767]

Thank you for showing us what you deal with probably more often than you would like. Always enjoy your videos Daniel. God bless you

[@vince8436]

I have a couple of rare ones. I know I know there is a 190s VDB. Possibly a 1922 non mint mark. And some other things. But mostly i will get nothing but face except for the 40 and 90 silvers, the prof sets and the true silver eagles. Eveeything else who knows. I do have an 1866 in believe 3 cent nickle. It looks nice but has sratches on back. One dealer years ago said it was someones initial. Who knows. I may try and see what I get some day and just take what is offered.

[@fatheadcat9958]

In the UK sets like these end up in auctions. They go for next to nothing, but.... for the knowledgeable among us we can find real treasure in such bundles which the auctioneers do not know about. Personally I have found gold sovereigns hidden in rolls of junk, rare Gibraltar sets and even a 1983 year set which had the mule 2p coin in it, such a set sells for well over 1000 GBP on ebay. So don't dismiss junk collections. The thing about junk collections is they are collected by ignorant collectors and sold by ignorant auctioneers. That spells cash for the informed treasure hunter :)

[@K0nt4kt]

How is it even possible for someone to SELL for under face value? Like, go spend it ?

[@dieseldragon6756]

Can plated commemoratives be employed as legal tender? I have a (badly) copper plated 50p coin that resulted from my experiments with electroplating during the pandemic. It's UK legal tender and possibly of interest to those who backed the initiative to split myself and my boyfriend apart 🇬🇧💨🇪🇺 but no shopkeeper would ever accept it here.

[@lightningdemolition1964]

You sell for under face value if you have a book of sealed coins worth $2. But it takes 20 minutes to take them out of the holders. Time is worth more than face value.

[@dieseldragon6756]

@@lightningdemolition1964 If it's a paper/card book, my cigarette lighter can cut that down by at least 15 minutes... 🪙🇬🇧🔥😉

[@K0nt4kt]

@@lightningdemolition1964 thanks I had no idea haha wow that’s a thin margin

[@Aracnacon1]

Thankyou for the reality...honestly I was thinking of buying books. Will not now. I would like to know what you like to keep collections together?

[@robertschwartz9414]

Does anyone know why the 1893S dollar with a mintage of 100,000 brings thousands of dollars even in low grade where as the 1894 with a mintage of slightly more of 110,000 commands no respect? Thanks, Robert

[@CoinHELPu]

Survival rate, less of the San Fran issue remains today while there's more left of the 1894 because they didn't circulate as much in the East as they did in the West.

[@richardw3470]

@@CoinHELPu Uh, East vs West, isn't that turned around?

[@ekummel]

But then what do you do with these things? You clear out a loved one's estate and come across these binders...huge books filled with coins from places like the Postal Commemorative Society. These books are beautifully put together. The coins are nice, clean examples of the coins and sealed in plastic with a card that describes the coin and the year. Many times they include a franked postage stamp. Sure, the coins are worth something...but much like throwing away books or record albums, it seems a shame to scrap the books just for the coins! I acquired a number of these from a relative...The silver dollar set. The quarter set. Gold replicas of rare stamps...many of these coins are in uncirculated condition too! I mean, I've got a 1921 Silver Morgan that is so clean, it looks like it was uncirculated! So, what do you do with these?

[@CoinHELPu]

You like them, you keep them.

[@ekummel]

@@CoinHELPu Well, isn't that the problem? I didn't purchase these things. They were discovered when the previous owner passed away and it became part of another estate. I have no use for them, they are a curious collection, and the information on the cards is informative, but honestly, I'd just as soon rip the coins out of the cards and sell them to a coin dealer...I honestly have no use for them. But like I said, it really would be a shame to destroy the information cards just to get the coins out of them.

[@CoinHELPu]

@@ekummel I agree, we well the coins and cards together often. You can ship them to use in a large flat rate box and we would buy them. We pay more than silver melt for these. My email is [e-mail]