Difference Between Wholesale And Retail Coin Dealers - Insider Information

[@benjaminshutt4710]

What you're doing with your videos and your community is absolutely helpful for beginners like me!!!!! Thank you, Daniel!

[@ryanholden5537]

So bad when u buy a private collection and u see eagles in plastics flat things they paid like 80 for and u explain there worth like 33 37 dollars makes u yourself feel bad

[@ectogeoszethip136]

I HATE TO CUT OF MY NOSE TO SUIT MY FACE BUT YOU REALY SHOULD TEACH CLASSES AND CHARGE FOR THEM YOU ARE MY BEST AND HONEST GO TO GUY FOR COIN DATA..THANK YOU SO VERY MUCH DAN. KEEP UP THE GOOD WORK

[@CoinHELPu]

Thank you!

[@kristiriley3411]

The “Crap, I mean hello” has me laughing so hard I almost peed my pants…. That was classic! I loved the whole video but that part killed me. Thanks for the great wholesome laugh I needed it. Kristi. Oh yea and I love coins!

[@RION-LANE]

Great info thanks for helping out. You have the best coin videos on YT.

[@CoinHELPu]

Thank you

[@chefdan8661]

Daniel, you're fantastic, you're just humble, and doing it to help us.

[@CoinHELPu]

Thank you

[@murphmurph2124]

Dan the Man!!! thanks great video.

[@Ettaby101]

thank you for your knowledge. you and couple others have been instrumental in my education about how much my coins are worth. which thankfully is more than I thought!

[@gregmccoy8311]

Me too

[@parallaxview47]

This is important to know. Glad you made this subject available for us to understand. 👍🏼

[@ZXC_ZXC1]

There are some regular dealers at the large coin shows that sell at retail plus but not quite as expensive at Littleton. These rarely sell that many coins but often have a large inventory of low value raw coins. It's ok for them to sell a $20 coin (say a 1865 3CN in VF) for $35 since it's a small transaction. These dealers will often use Coin World values for pricing since they are higher than the redbook.

[@charlieglover491]

Hello Daniel. Great video. I need to order some stuff from your shop. I really learned a lot from you today. Thank You

[@vyesitsme9203]

Thank you Daniel always coming up with interesting videos! 🎈👍👍

[@Car1Sagan]

I might be moving back to Columbus. Would be great to work for or with you on anything. You seem to be a very good person, let alone very knowledgeable.

[@cajuncoinhunter]

You said a mouthful with the 2 you mentioned.....lol..... Back in the early 80's I was buying a year subscription to Coin World, that had FMV listing in them every other issue.....

[@gregmccoy8311]

👍,just got my package. Absolutely love the wheat cent in the 56 proof set.You are doing the right thing with your videos.🔥

[@CoinHELPu]

Good to hear and there's a decent mix in the wheats.

[@gregmccoy8311]

@@CoinHELPu Yes it is.So far I've opened 4 rolls and got a BIE error with huge die chip in between the B&E,several teens,and a nice 1920d i needed.Solid so far.If you come across proof sets i'd be happy to take'em.I have 1956,1959,1961,1962,& 1964

[@gregmccoy8311]

I seen someone commented everyone should get dealer price to level the playing field.What your teaching us with CoinHelp is leveling the playing field all we need.Thank you

[@andrasnemeth8236]

Absolutely your videos help collectors

[@joeferranto1959]

Another great video. Thank you.

[@coreymerrill3257]

That is no surprise to me that you got your phone call Daniel. Congradulations man!

[@CoinHELPu]

Thank you

[@coreymerrill3257]

@@CoinHELPu So I am feeling the need to get myself my first morgan ,peace and silver eagle dollars when i get paid in a week.i have a maximum budget of around $250 . am I throwing my money away getting a low end morgan that fits my budget and allows for a graded peace dollar and An A.S.E. in that total price limit? Can you suggest anything to help me acheive my goal such as , would i be better off with a gsa morgan in its slab, or broken out and put in the pcgs slab labeled as gsa ? Or neither? Are there any special peace dollars distributed like the gsa morgans from another. Agency or company? Would any particular ase be worth looking into and still fall under that $250 total mark? Are there any ike dollars that are worth looking into as well? Also whats with the gsa soft packs versus the gsa morgans in hard cases? Are those anything worth looking into? Sorry that I have so much to ask and that i am pretty steady with the questions.

[@michaelhansen6977]

I am probably considered a lazy collector, but when I find a coin I like I buy a bunch so I get a good deal. I currently am waiting for about 2000 nickels from 4 years that I really like. When I can get a good deal I buy bulk figuring if I like them someone will eventually want a few from me and I will have a bunch, or my grandkids can sell them after I die. If 1 is good 500 is better. I am clearly starting with modern easy to find stuff. I still don't understand how people can sell PCGS graded coins for $3 plus $4 shipping.

[@thegun1649]

Great info.. Much more exciting to hear bigger deals. Make more profit and sit with real money.

[@jimsullivan3481]

Great video and important for people to understand and accept what realistic expectations should be when navigating the coin hobby and marketplace. Thank you Dan!!!!

[@CoinHELPu]

You're welcome

[@scottholliday9308]

Hope your having a great day Dan, I use the price guide in coin world magazine, or NGC. Informative video , thank you.

[@alschumacher9463]

THANKS DANIAL YOU ARE ALWATS VERY GOOD ON YOUR INFO.

[@terrisuitor5441]

Thank you for the info very useful!!!!

[@2dfan942]

Thanks for the useful information, keep up the great videos as always.

[@richardfontaine8157]

Thanks for another informative video.!

[@CoinHELPu]

You're welcome

[@wandlbaker]

I know that this information is very valuable to those who can buy "in bulk" or wholesale but I, for one, am on a VERY limited budget and I KNOW that I will be paying above Grey. But that is what it is. Thanks Daniel.

[@CoinHELPu]

I can sell around grey sheet and sometimes at gray sheet, to me it's retail not wholesale.

[@edwardmelusky6290]

For some reason your captions are not coming up on u tube . I mean they do on the I-pad but not on the smart TV (not that smart ) can you find out why ? I’m deaf and need them always .thank you ;

[@CoinHELPu]

I only have the ability to choose to show them but not on which device. So I am not sure what can be done. Sorry.

[@marckoplin9738]

The Truth about the Secondary Market for OUR Collectible Coins! Enlightened by Daniel's Coins! 😉THANKS Again for Your Inspiration. Grey Sheet is HIGH Retail Sales Prices. How about sell to "US" for "Dealer's Prices? Today is the Day!

[@CoinHELPu]

Gray sheet is not high retail. It can be retail at times for certain coins but coins often sell above gray sheet.

[@jimmycapps7263]

Ive noticed lately that some morgan dollars are selling for more than red book. Ive never seen this happen before.

[@CoinHELPu]

Me neither but it’s true

[@Ontario100]

Thanks again for an informative video. 👍

[@wemccurry4905]

Another great video I wish you would do a video on how to pack coins to ship to the Graders, and the cost to do so

[@CoinHELPu]

The cost depends on your declared value and is determined by PCGS and the post office. You send registered mail. I have a video on submitting coins to PCGS and NGC. kzbin.info/www/bejne/bIjViGxsaM5rr5I

[@wemccurry4905]

@@CoinHELPu thanks You always give good information And advice

[@don951]

I'm curious to find out your thoughts on the 'Blue Book'. I also have the 'Red Book' but agree that is fantasy. However I find the blue book pricing to be more in line with what coins are selling for on eBay. It seems to be the most realistic of the price guides I have seen. I don't have access to the "Grey Sheet" so can't compare.

[@CoinHELPu]

Grey Sheet is most accurate based on my experience but it's even off, just depends on the coin and grade. The Blue Book is alright but it's not what dealers are paying.

[@johneberhardt6101]

Add another great video to the list!!!

[@charleslewis5399]

How much is a 1989 Mercury Dime and a 1838 penny and how much are they worth not graded integrated should I have them graded yes or no thank you for your help

[@ShirlBussman]

Very good video and content, Daniel. Learn something from you all the time. Have a great weekend. :-)

[@CoinHELPu]

Thank you

[@ShirlBussman]

@@CoinHELPu Welcome!!

[@sinesaii]

I never understand some coin shops. They sell at some random price for many items, then go wild on others. I understand higher prices when a dealer is searching for a specific coin, but many dealers sell more than grey sheet, and I think that is wild in competitive markets. The other odd one is charging high prices for modern Maples or Britannias. That one I just do not understand. I try to shop local, but rents are cheap where I live, and prices are too often high.

[@jackkenney693]

Daniel TY but I have 1g...where and who do I invest with

[@CoinHELPu]

I really can't say don't know what your local options are. I personally would try to buy Roosevelt Dimes for melt or Peace Dollars, there might be a dealer willing to sell close to spot since it is up.

[@jackkenney693]

@@CoinHELPu Thank you sir

[@pantasarjacob9553]

Great info, thank you.

[@joelong7833]

Always great info thanks Dan u the man

[@josecolon3265]

Thanks for the information

[@jumemowery9434]

Lol! You should have shown the 2020 Red book! Hard to believe that it's been out for a few months already

[@CoinHELPu]

I know that! lol

[@sethkenoyer]

you have helped me.... Thank you

[@tonizumpano7454]

Ok Daniel, you have now earned the title '"Awesome Dan""

[@CoinHELPu]

LOL. Thank you

[@jorgechavez2433]

👏 perfecta información gracias 🖒🖒🖒

[@churchillcoins8519]

Very informative video. Thank you

[@bulldogusmc9182]

Very good information. Thank you

[@CoinHELPu]

You're welcome

[@robertmcfall9071]

I was just now trying to find a website that I stumbled upon the other day that was selling at wholesale I think bcuz they were selling in lots of 1000 coins and bigger. The site looked like a ledger with lines of their inventory and it was 25-50,000$ for the one line of whatever coin it was. Can't find it now. Anyone know what it might be. I obviously don't have money like that I was just trying to see what the coins were going for each.

[@mikebrewer5758]

Great advice. Speaking of whole Sale/Retail. I ran across a dealer who was offering "Morgan Dollars" that he graded as B.U. $50.00 a piece. If you bought the entire bag of Morgan's. He gave what he considered a "Dealer" offer. $30.00 a piece. LOL I was shy of the $3000.00 he was asking for the entire bag. I passed on the offer. As a collector. You have to be alert and shrewd when purchasing. There are very good and trusted dealers out there, that make collecting a fun, and interesting hobby. But as you have said many times in your vid's. There are those you should avoid at every step. Keep up the great vid's I love them.......Go Buck'S !

[@DrMatey215]

I would love to buy wholesale!

[@ricktempleton3415]

Not sure what a Redbook is for if none of those prices are accurate.

[@CoinHELPu]

It has all the information about coins that help coin collectors but all these values are suggested retail. You don't see coins selling for those prices except on rare occasions.

[@ricktempleton3415]

Thanks Daniel.

[@charleslewis5399]

how much is a 1918 dime Mercury dime anime 1838 penny how much are these two points worth and great condition

[@CoinHELPu]

Do an ebay sold auction search

[@harrybond1485]

Huh?

[@harrybond1485]

Well, I know how much an English dictionary costs.

[@robertmunn2098]

Great info!

[@christophersimpson3642]

HSN and Littleton both suck I rarely buy from Littleton once in a great while I get an offer in the mail and cash in on it. But most of the time it happens at an incoveint time.

[@dondesnoo1771]

You go to the local coin shop it's 1980 you get a Ms 60 peace dollar it's 30$ ..you take it back to lcs.not same one as he passed away.....in 2019 they offer you 12 .$ that's wholesale and retail .junk was better 4$to 24$ at one point. thanks

[@davidgreen3574]

Awesome!! 👍👍

[@karentashua.14s13]

Thanx Danielson 😂 great info

[@susunque2245]

Awesome 👍😁

[@bigfootsilverhideseeker2856]

Okay Daniel I need a Red Book, Blue Book, grey Sheet, Blue Sheet and... lol Thumbs up! It is not surprising to say that even coin collecting and stacking silver/ gold have their own set of unseen, unwritten rules. Yes there are subtle degrees of politics even in the hobby and business! The Devil is in the details! However, what you see and what you get might differ lol. Reference and resource guides are a great way to do your homework so you know what criteria to follow when out and HUNTING. Everyone has a sense of sentimental value attached to certain things and eye acuity may differ as well. A little diplomacy goes a long way in building report and relationships. I try my best not to get so caught up in a $10 difference in a deal or barter especially if it may very well burn a bridge I might want to cross again later HaHa!

[@CoinHELPu]

Very smart, never let a small amount break a deal. Thank you

[@chadwolfeschledgelsteinhau9697]

I been collecting for years i looked into grading and to much of a pain n da ass, gonna take 1 k error pennys ranging from 1 to 100 bux a peice take a picture of each and ask 1 k for the lot i have hundreds of thousands of errors

[@CoinHELPu]

But grading is the only way to get decent money for your coins. Errors worth money are not easy to obtain. I handle thousands of coins a month and I don't have a bunch of mint errors. Die cracks and minor stuff but not worth selling since there's not much demand.

[@honestlynate7922]

U look like a guy named dan burns i knew as a kid in wakefield RI

[@CoinHELPu]

I've lived in Ohio all my life.

[@henryw8324]

Thank you for honestly helping others to start a new chapter in what they’re able to do

[@CoinHELPu]

You're welcome

[@frankofthehowardfamily9065]

Thanks .👍👍

[@duanewhite3184]

I have a 1923 peace dollar mint mark S is supposed to be worth 3.000 dollars

[@CoinHELPu]

$3 is too low $300 is way to high. Depends on grade

[@cool_chemist7644]

Maybe this is a dumb question, but does anyone know what he means by "back a bid?" I'm not even sure if that's what he's saying lol. For example, listen at around 6:55.

[@CoinHELPu]

Grey sheet wholesale, dealer to dealer, bid. So back of bid. Dealers pay people who sell them coins back of bid.

[@cool_chemist7644]

@@CoinHELPu got it, makes sense now. I googled it and couldn't find anything. Thanks for taking the time to answer my question. Much appreciated!

[@timothyloyd8519]

Thanks

[@jharnaroychowdhury7399]

Hi sir I am coin dealer from India. Want to buy coin from u. Please reply me

[@harrybond1485]

No.

[@upandgomilk2526]

Yergot one p coin have to cheek it out let u no

[@harrybond1485]

Good idea. You do that.

[@davidstrangeDMC]

littleton is THE WORST!!! ( There Album's and Folder's which is the only product i like of there's) ... I used to work in a Wholesale/Retail Bakery's and all the concept's are the same no matter what your selling! thats how the Bakery Businesses worked. then Grocery stores, Huge Chain stores! they Buy Millions of one Product and sell a little bit below other stores for a limited time. and A huge Bakery whole sale will have reduced prices then people come in and buy one or two thing's and sell retail.

[@vernlapoint1528]

👍

[@conradpons9238]

I have heard from coin dealers that only coin dealers can get a greysheet. It would be cool to have one before you go to a coin shop, it would level the playing field for us newer guy's. 😎

[@oldschoolrr6077]

That is incorrect. Anybody can subscribe to the Greysheet. However, it is a bit expensive to subscribe to.

[@CoinHELPu]

You can call Gray sheet and ask, never take someone's word for stuff like this.

[@kathleengoch2346]

I went to my first dealer on Christmas Eve last year,he told me I had nothing but pocket change & I knew he wasn't telling the truth because my dad has old coins that are worth money. Well I made the mistake of taking all my coins and also looking at my papers i had wrote on & not paying attention to him as he was going through my coins, needless to say he stole my dad's 1943 p wartime nickel & some 1964 d lincoln pennys- like new,and some other coins.then he gave me 20.00 dollars he said for my gas & time for coming up there.i knew then he had took some of my coins. I talked to other coin dealers and they said no we don't offer people money for coming there and they knew what he had done.my mistake I should haven't looked away this was all very new to me at that time.its just a shame people do that to people my dad's coins me alot to me he passed 19 years ago.

[@CoinHELPu]

I am not sure what was said between you two and I get these were your dads but if he gave you $20 for 1943 Silver Nickel and 2- 1964 D cents then he over-paid. Doesn't matter how nice the cents were you can buy BU rolls of these for a few dollars or less. 1943 Nickels for less than $2. If he took them without you knowing that is bad but maybe you or he misunderstood something?

[@sonofyahweh8]

Gold going up until the FED drops funny money from helicoptors. Then deflation. THEN GOLD through the roof. Gold to $ 7,000. DOW to 7,000. The worlds last chance to go to a gold standard. Yahweh knows.

[@CoinHELPu]

I've watched this market all my life and no one can predict it.

[@harrybond1485]

Good video Daniel thankyou.