I Brought the WORST Silver to Sell to My Coin Shop Dealer

[@YankeeStacking]

PLEASE NOTE: This appraisal was for a hypothetical sale of some of my silver items. The purpose of the video was to show the dangers of expecting higher-premium silver coins and rounds to hold their value when attempting to sell them to a bullion dealer!

[@HumblyServingGod]

Thanks!

[@TheMostSlyFox]

Why do dealers short you so much yet expect an extremely egregious premium when selling for these kind of coins?

[@Michael-Stacking]

This is why I stopped buying high premium Bullion. Coins, etc. Thanks for the advice

[@949Designs]

Merry Christmas, and a Happy New Year Mr. & Mrs. Yankee Stacking. 🎄🎅🏻🎉

[@nickelstacking2023]

I tried to tell people this. It is what it's made of ,not what it is about. Graded ship wreck coins are only good if economy is booming. Graded 2024 Eagles are just protected one ounce pieces. If it was MS 70 plus more, just one ounce of Silver

[@kenb4303]

Tim's comments are priceless and worth the watch.

[@edb3877]

Tim is a YT legend. He'd never say that or agree with it but those of us who watch and listen know the truth. 😀

[@YankeeStacking]

True!

[@AnonymousStacker666]

This is a great lesson in "Don't stack the high premium novelty crap!".

[@falcorthewonderdog2758]

Why would you think it was hard to sell? It's silver. Several places on line would snap it up.

[@Useless_Knowledge07]

​@@falcorthewonderdog2758I bet anyone would buy for the right profit?

[@EBDeveloper]

@@falcorthewonderdog2758 not hard to sell, hard to break even or at gain.. use ur noggin buddy.

[@RT-sj1xs]

@@falcorthewonderdog2758, of course they will buy it, but not at the price you paid for it. The higher price stuff is nice, but in the long run it's still just 1 oz of silver. That was the whole purpose of the video. I buy poured silver ( too much and at 40 a oz) but its because I like it. I know I'll probably never get my money back, but I like it.

[@Spartinknight]

Owning High premium stuff carries high premiums too and for many years to come. It’s not always a bad idea thing either

[@randywhelchel4674]

The lesson is silver is silver don’t overpay

[@Spartinknight]

@@randywhelchel4674 In the grand scheme of things it doesn’t matter how many rectangle cut pieces of paper you give that you call money for it because in the end you are essentially giving Monopoly money for a physical metal, the tier one asset, the grand daddy time capsule of wealth that can be passed on for generations and the one who holds the metal in the end is the one who has the last laugh.

[@randywhelchel4674]

@ it matters to me, the less I pay per OZ, the more I can buy, in the grand scheme I will have more to trade for the new CBDC to pay off my mortgage and have more leftover to buy the lot next to my house

[@Spartinknight]

@ right over the head Randy. Yes, buy low get more silver! Bingo. Cost average per oz. Easy math right? Makes sense. Like I said “grand scheme” of things buddy because at the end of the day Your dollar is inflated. It’s printed more than you blink. It’s a fire starter. Country’s are leaving it Soon won’t take it. what they always will take though? You guessed it Silver and gold. Hey, you be my guest and enjoy that CBDC let’s pray you don’t score low on your social score and have big brother withhold your funds or better yet for your sake let’s just hope the power doesn’t go out.

[@YankeeStacking]

👌🏼

[@AGAUaddict]

Vintage silver for me. Sell it P to P and buy Gold. Been working for 25+yrs. Spot is irrelevant when it comes to vintage silver. Especially to the right Peer.💯👍

[@RickyHobbs-v7y]

Merry Christmas to everyone!

[@ronaldfauver1469]

You are fair,honest and all around good guy

[@jefferywilson4091]

That was a great example of the things that you shouldn't stack

[@Quahogstacker]

I always enjoy a Yankee and Tim video merry Christmas to both of you and everybody who reads this comment

[@YankeeStacking]

Merry Christmas to you!

[@ginayoung6900]

Merry Christmas to Tim and Yank!!!

[@ElaineFerguson-b6l]

Merry Christmas Tim and Yankee!! Thank you both for the great videos!

[@shanekimbro6353]

Merry Christmas to you and Tim

[@mysilverjourney]

Merry Christmas Yankee & Tim !!!

[@lindabohl1358]

Tim, your fun to watch! Thanks! MERRY CHRISTMAS!❤🎄🎄❤️

[@Joop5000]

Yankee!!! You and Tim are awesome! What a relationship, all the fun You and Tim bring to us is,,,,,I don't have the words to describe it! It's just great! Merry Christmas to you and your family and please tell Tim I wish him and his family a Merry Christmas! And Happy New year!

[@YankeeStacking]

He’s not only a great LCS dealer, he’s a great friend. I love eating dinners with him (off camera)!

[@mister-action1]

Merry Christmas, Tim and Yankee!

[@rocco265]

Excellent advice! Rounds, sovereign bullion coins. Skip the novelties. Looking forward to the New Year with you two, as we weather the uncharted currents of the gold and silver markets. Thanks to you both, for keeping it real.

[@Rhond5]

I got my President TRUMP SPECIALLY ROUND!! My Only 1, I’ll Ever Buy ☝️

[@brian56]

I'm not really into all that collectible stuff,but the eagle head was pretty cool!

[@YankeeStacking]

Super cool!

[@tylernathan7985]

My old store used to be like that. Stuff everywhere, falling out of cupboards, stacks of stuff, you could browse for hours. Now it is an online bullion seller now. Very hard to find a store where you aren’t lied to.

[@cutlerylover]

Over the years ive learned most coin shops/pawn shops buy silver and gold..they buy SILVER AND GOLD NOT art...most of them do NOT care what your silver looks like they will offer the same price or close to it for high premium items...BUT there are people who make a good side hustle selling high premium collectible precious metal items to other collectors online...So all that stuff IS worth more but you have to find a big audience to ask not an old guy who use to pay $7/ozt for silver...lol

[@therooster6104]

Always a pleasure Yankee and Tim 🤝🎄 Merry Christmas gentleman 🙏🕊️✝️ and to everyone!

[@tmow297]

Thank you, Yankee. As someone new to stacking several years ago, I had acquired some silver seminumismatic pieces which were high premium and low mintage thinking that down the road they will CERTAINLY appreciate in value over time. But....as it turns out, the collectibles market just isn't there........for now. Will we recoup those high premiums? Most likely not. Unless there is a buyer who most absolutely has to have those pieces in their stash. Fortunately, lesson learned. A majority of the stack now is all government minted and generic/private minted bullion with a few pieces sprinkled in of seminumismatic.

[@libertyindc1123]

We love Tim! Merry Christmas to all, and to America! and to our great incoming President! And of course, a blessed New Year!🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

[@Rick.K68]

With collectable and specialty Silver, BUY WHAT YOU LIKE. What is "Hot" today may have to sell at spot when you get in trouble. Love videos like this Thanks Yankee!!

[@joelwatkins4377]

Sometimes I get board and buy some higher premium stuff because of the design or artwork that is just really cool. However, it would not be what I sold if I needed some cash…it would be the generic bars and rounds. Common sense really. Love the channel! Merry Christmas!

[@plainboxer1]

My thoughts exactly! I call it the "Cool Factor"!

[@johnsanford3596]

If you aren't willing to part with it, you aren't saving, you're hoarding.

[@iamgabriel5823]

Guilty as charged. I love my hoard.

[@SouthJerseyBaitReviews]

the more u hoard the more u can part with.

[@daniel51404]

I am never selling my collection unless I sell it online or a coin show for the price I give it especially if the coin is sold out everywhere.

[@johnharrison9491]

Tim's Coin Shop looks amazing!

[@MasterBlaster-x9w]

Yankee and Tim. What a team ! Merry Xmas.

[@Steve-ze1mz]

🤣🤣🤣 the parody. 😂😂😂 I bought this on a Sunday. Love you guys. Merry Christmas and God bless us all.

[@mathematician1234]

After listening to maybe 100 videos from Yankee Stacking, I think that Yankee could work as a narrator on TV shows, documentaries, or reading the news. He's got a good voice. Better in fact than many current TV narrators.

[@YankeeStacking]

Wow! I’m humbled by this one. I’ve done some community acting over the years (long before KZbin) and have worked to train my voice, but I’ve never done professional narration. Thanks! 👌🏼

[@CSXOhioRailFanPlus752]

Merry Christmas and Happy Year

[@benny42000]

One thing we can say for sure is its a good idea to stack pens and pencils, judging by the cups in the background😁

[@YankeeStacking]

😆

[@GordonKley-nz4qm]

I have purchased 2 Guinea coins from St Helena. Both for design and the Queens portrait. Only paid spot.

[@ericwitt4586]

Tim Yankee yall are the best thanks for all of the videos and yall have a very merry Christmas and a Happy New Year!!

[@richardfisher4638]

Thank you!!!! Finally good focus on coins so I can save them a show my friends what they look like and I can keep looking at them and dream of having some of them. Please keep doing that that's when we don't care if the video is longer!!! Merry Christmas and God bless you all!!!

[@tonydanzl]

Plot Twist ! Customer there to see TIM ! = Humbling Yankee moment... "What's your channel"??? You could hear the pause... and almost see the shocked facial expression... 😆🤠✌️ "Yankee who?"😉

[@YankeeStacking]

Hahaha. I love it. But just so everyone know, I don’t derive my self worth from my KZbin channel. If it really bothered me, I would’ve edited the entire interaction out. 😂

[@mr_bartender73]

I lost thousands buying them collectible coins when i had to sell in an emergency. Spent about $16,000 barely got back $10,000 from my local coin shop 😢😢😢 Never again, i learned my lesson , i just buy rounds and bars now as close to spot as possible

[@edb3877]

I remember seeing a bumper sticker that read: "If you think that education is expensive, check out the price of ignorance." That can and has cost us all a bundle. It's not a sin to be ignorant. It IS a sin to remain that way because the people who will take advantage of ignorance are legion. When most of us started stacking, we didn't know a lot about it, other than that it was a good idea. They led us to buy things that appealed to us but that weren't good for us financially. In time and via reading various YT channels, blogs, and other online info educated us about what was good to stack and what was not so good. My worst misstep was pretty mild. I bought 40 5-oz. SilverTowne prospector 0.999 bars. This wasn't a bad mistake, as silver was only $14.50 an oz. when I bought them. I'm hoping to sell them during the next silver squeeze and use that cash to buy more gold. I need another 24 ozs. of gold to meet my gold stacking goal. At the current prices that would be about 2200 ozs. of silver. That's do-able but a higher silver price would make it a little nicer. 🙂

[@cutlerylover]

its all about time...the thing people dont tell you when you stack is you CAN get every penny back if you have the time to sell it to the people who pay more...BUT lol as I know as you know when you sell your stack in an "emergency" there is no time, you want cash TODAY...

[@quarter-py4nr]

@@mr_bartender73 you are absolutely correct. Sorry the learning curve cost lots of money. Never buy expensive collectibles unless you understand it’s usually only valuable to you, and a small select few.

[@quarter-py4nr]

@@cutlerylover never happens.

[@goldenbiscuit420]

Damn so u telling me I spent $100 on a pickle Rick 1 oz for nothing? If I go sell it I will only get above melt even with the COA?

[@wasillastacker]

That was my philosophy when I started stacking. I assumed I would get spot at best for anything I handed across the counter when I was ready.

[@dannpd1955]

Ha! Probably the only man alive to ask Yankee what his KZbin channel was. I fell out of my chair. I tell you Yankee, God has His ways of keeping us humble. 😂🙏

[@YankeeStacking]

Indeed! But remember, I left it in the video for a reason. 👊🏻

[@Cat.54321]

Merry Christmas Yankee, Tim and your families!! Thank you for educating me!

[@leechild4655]

Jolly good show boys. Fun to watch.

[@Teh-Jones]

Merry Christmas gentlemen.

[@richardchiriboga4424]

Merry Christmas!!

[@OneMinuteKnifeReview]

y'all have a very merry Christmas!

[@chillmurray7529]

Couple of real nice fellows, always fun to watch Tim and Yankee interact

[@christ7735]

Thanks again Yankee and Tim for a great educational video. You are both class act people. God bless you both st Christmas 🎄 🙏

[@John-gd7vf]

Merry Christmas guys

[@Silvertoburn]

Good times right there! Merry Christmas you guys!

[@bobsonsitecomputerrepair4305]

Merry Xmas & Happy New Year, Tim. Yankee, and our KZbin community!

[@TheQuickSilver101]

It was funny to see Tim being judicial about it. If you enjoy something and want to spend a few extra dollars because you enjoy looking at it that's not a bad thing. Don't expect that your local shop will give you a premium when you sell it, though. Thanks, Yankee!

[@edb3877]

I tend to buy BU and AU class coins for that very same reason. It's less about the ounces and more about the joy of getting them out to look at from time to time.

[@richardmetcalf2346]

Excellent interview! Excellent information! I hope everyone sees this!

[@YankeeStacking]

Thanks! Please share it around. 👌🏼

[@joeylibbs6236]

Thanks Yankee and Tim Merry Christmas 🎄

[@Richmart1955]

❤ Merry Christmas Yankee and Tim ❤

[@dorisp898]

I love this podcast. Merry Christmas gentlemen and God bless!

[@mazdafiero112]

Merry Christmas to the both of you!

[@BillArrington-qu3nc]

Well that was a fun vid 😃. Exactly why i separate my collection and my stack! You forgot to mention you can also get your collectables from your LCS for the same price as bullion most of the time! Merry Christmas to you, your family and Tim and his family! 👍👍👍

[@fu4616]

When spot doubles, then it will be worth more.

[@4nubi5]

When the guy said he was buying at 3 dollars an ounce my jaw dropped 🤯

[@YankeeStacking]

Mine did too!

[@chuyvargas7807]

Great video very informative specially for alot of whatnot buyers. Please educate yourselves on the melt value of the item people. Keep on Keepin on ! Merry Christmas!

[@GreatNorthStacking]

Merry Christmas Tim and Yankee from 🇨🇦

[@scubaguy007]

You should thank Tim for the education and just smile. 😊

[@YankeeStacking]

I smile (and laugh) a lot while editing these videos! 👌🏼

[@kevinfarrelly9018]

Happy Christmas from Dublin 😊

[@mikeoneil5770]

Dia dHuirt!

[@erikbauer7079]

Merry Christmas to you both, love your fun videos like this!!!

[@davidscheller8206]

that was very touching. Merry Christmas. And thanks.

[@YankeeStacking]

Merry Christmas to you too! And thanks.

[@jeremiahmorris2852]

I love how you both gave each other something thats what you call a friend Merry Christmas 🎄 Yankee an Tim to you an your Family!

[@YankeeStacking]

Well, Tim is more than my LCS dealer…he’s a good friend.

[@MHoffy28]

I watch them ebay live auctions and just shake my head what people spend on silver and gold coins

[@EddieP..]

You outta see what some spend on whatnot lol. Some spend almost 3 to 4 times the price of spot for generic rounds or bars on some streams lol

[@HeyJoeGFY]

Same with some of those TV sellers.

[@johnmarchant3660]

Some of it could me money laundering in some way,same with gift cards. I buy a few bits on eBay through my company 😉

[@YankeeStacking]

Agreed. Unless it’s an auction for charity!

[@EddieP..]

@@YankeeStacking very true Yankee! That I agree with! Merry Christmas to you and yours brotha and a Happy New Year! Keep these awesome videos coming. Cheers😃

[@johnjones2463]

Merry Christmas to you both and your families from Eastern Oregon. The sane part of the State.

[@edb3877]

Yes, indeed. I really like eastern OR and WA. The western parts of the state? Not so much. 😕

[@lukethompson7292]

I like the way you are teaching this lesson.

[@YankeeStacking]

It’s one of my main channel goals-and I try to do it so it puts a smile on people’s faces!

[@doxer678]

Been there a couple of times. Tim is an amazing person.

[@boardpow1969]

Semi numismatic has a huge market, your local coin dealer is not it. It's like taking a Rolex to a pawn shop, you just don't do it. But Yankee nailed it, do not expect any premium on collectable silver/gold from your LCS.

[@toddcofer6491]

Very educational. Thank you both. Point Taken.

[@victorenache3927]

Merry Christmas ! Tim and Yankee

[@russelldavidson8417]

I really appreciate Tim and his direct humor. I love looking at those silver collectibles but wouldn't pull the trigger. I buy well below redbook on my numismatics and spot or just over for my numismatic stacking. But buy what you love if you can afford it.

[@RHYGAR1]

9 Minutes in and This is one of your Best. Thanks Guys!

[@YankeeStacking]

Thanks! 👌🏼

[@Scott11B]

Great video for new stackers and or collectors. Do not buy this stuff unless you like it and plan to keep it.

[@paulschafers5983]

Very enjoyable conversation! Merry Christmas!

[@MaxwellBenson80]

Honest truth,to bring us down to reality. This is a great video to see a realistic pricing on precious metals.

[@chuckbowen5024]

Tim reminds me of my local silver dealer. Same calm straightshooting demeaner.

[@tdots_glassjeweller4132]

Tim is great his sense of humour is just on point love watching keep it up. And I agree with Tim stacking high premium items is not the way to stack sure if you’re getting it as a gift OK if there is a coin out there that you really love OK grab it but don’t buy 10 or 20 of them it just won’t make any sense at the end of the day your trying to preserve your wealth, not pay more for it 😅

[@pjones9088]

Tim is always a pleasure. Best from Wales 🙏

[@willa2365]

I like bullion. Really like it. But every now and then, I'll buy a coin or round I just like looking at. When keeping track of value, I keep a running "spot" value for my savings account. Rounds, bars, and coins included.

[@SinatraSavvy]

Colorized 1oz silver coins with very limited mintages (100 to 500) typically sell for a nice premium to collectors on eBay. I bought a bunch of these coins in auctions around 5 years ago for $40 to $50 and recently sold most of them on eBay for $90 to $120, although with auctions fees and shipping costs that definitely cut into my profit margin. Also, silver was around $15 then so these coins typically will sell for a premium relative to the current silver price. An example of these types of coins is a 2023 Dia de los Muertos, Day of the Dead, 1 oz Silver Colorized Coin, limited to 100 mintage.

[@johnjacobs1625]

Merry Christmas Yankee & TiM!! lol he got ya Yankee!

[@aucourant9998]

I made he same mistake of buying silver coins I liked the look of when I started collecting; interesting coins, artistic coins, coloured coins etc. The good thing is that it got me interested in coins and I eventually moved on to stacking bullion silver and gold coins. I managed to sell my Germania coins eventually (people do really like them) but am left with most of the others such as coloured Walking Liberties (really beautiful works of art), Dragon and Tiger coins, proof Britannia coins etc. If the price of silver eventually hits the roof, I will sell them too but I wouldn't get my money back if I sold them now.

[@EssentialTam33]

Merry Christmas Yankee and Tim! It's funny how I decided to get a "few pieces" of silver for hard times. After a few years of DCA and squirreling on some things I'll probably never be able to unload (😂) I have decided that best weight for lowest cost is the best way for me. Seems obvious, but I'm one of those experience learners 🤪

[@silverbeancounter]

Good video. High premiums can only be captured at resell in peer to peer transactions. And they require an additional investment of time. Think about what you're willing to do before you buy.

[@josephdejak8145]

I buy collectables sometimes only to keep buy the majority in normal bullion and merry Christmas everyone.

[@ferebeefamily]

Thank you gentlemen for the video.

[@jasonarmstrong7465]

Merry Christmas guys. i love your channel.

[@ForestFreeman-xk1mw]

Love the banter as always. When I hit the lottery my first trip will be to Tim’s. Thanks as always and remember buy bullion not collectible .

[@edb3877]

Buying collectible is fine as long as one limits it to a small fraction of their stack. I collect Morgan silver dollars and prefer the AU to BU class coins. One day, these could be worth quite a lot. If not, then I've still had the time to keep and enjoy having them.

[@martinfromseacity2010]

Fun video, thanks; Merry Christmas

[@Knackers_Oreilly]

Thanks for another great video. Happy xmas to you both and your families. 🇦🇺

[@Damon_Bell_]

Merry Christmas Yankee and Tim

[@dabone3248]

That 45 round is so cool Yankee!! Did Tim say he had a few he would sell?? I need one!! 👌 Merry Christmas to you and yours!!

[@nobodyreally8441]

Me too.

[@YankeeStacking]

I bought three for my son and sons-in-law this Christmas! 👌🏼

[@Moose_andSquirrel]

As a former coin dealer myself (1990's), I cringe everytime a customer drops heavy silver (or whatever) directly on the counter glass. We always, ALWAYS provided velvet trays for the customers to put their wares on. BTW, our counter glass was almost just as scratched as Tim's is. It's just the idea of protecting the counters and showing respect to whatever the customer has.

[@DarlaPenados-rp1ss]

MERRY CHRISTMAS YANKEE AND TIM🎄

[@daddyojohnson]

What a fun video, thanks.

[@CraftyStacker]

Merry Christmas 🎄

[@RobertEMuir]

Merry Christmas

[@thomasmeagher4801]

That's why if you're into collecting the special pieces, you'll pay over the spot, but if you're truly just stacking silver them I buy the cheapest silver at that point bars and Rounds good enough for me

[@RickieMillican]

That was cool Tim❤❤❤😊😊😊😊