Coin Shop SELLING OUT of Silver and Gold

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In this video I talk to a coin shop owner about silver demand and why he is selling out of silver and gold. We talk about how the smart silver stackers are buying up all of the silver while silver price is low. Now is a great time to be silver stacking or investing in silver. Silver price is the lowest it has been in around 7 months. We talk about why silver price is low and gold price is low and what affects gold and silver prices. We talk about Costco selling gold bars and how the Costco gold bars seem to be always sold out. I also ask Harry what the best type of silver is for silver stacking right now. Harry says that low premium silver such as silver rounds and junk silver is the best. Silver coins and silver eagles can be good as well. If you want to watch more videos at Harry's coin shop then click the playlist below:
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Topics I cover in this video: silver price, silver demand, silver stacking, silver investing, buying silver, silver stacking tips, silver stacking beginners, silver stacking for beginners, coins shop, coin shop owner, coin dealer, bullion dealer, local coin shop, buying bullion, buying silver coins, silver coins, silver bars, silver rounds, junk silver, should I buy silver, tips for buying silver, silver coin stacking, buying silver coins, buying silver bars, where to buy silver, what silver to buy, type of silver, what silver should I buy, silver stack, silver stacker, coin shop video, costco gold bars
#silver #gold #silverstacking

Опубликовано:

30 сен 2024

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Комментарии : 364

@harpazoskys5133 Год назад

I like Harry. He seems to be an honest humble man. Great advice from Harry and crew. Thank you Silver Dragons great video !

@simontempler3239 Год назад

A lot of local coin dealers pull their stuff off the shelves when the price goes down and put out the stuff that usually does not sell (culls and so forth) .

@SmithsnMoz Год назад

Hahaha 😆... I think they pulled their stuff at Harry's as well? 😮... I would do the same thing.

@mattheww8059 Год назад

Oh, I’m sure he’s took lessons from gold bar Bob!

@singleandlooking8026 Год назад

I don't spend my money at those shops, there are quite a few that are doing that in Chicago.

@LF12468 Год назад

If a Joos mouth is moving he's lying

@busterbiloxi3833 Год назад

Good for them! Yay!

@hdtwal1den Год назад

I'm glad Harry is doing so well, but this is definitely NOT what I'm hearing from other local dealers in my area. Sellers with all the dealers I've spoken with are outnumbering buyers by 5 or 6 to 1. People are hurting for cash.

@th-mb6qs Год назад

Im on the east coast and its just as harry said in my area. Hard to get your hands on anything

@Hysteresis11 Год назад

Same near me. I go in to buy my weekly couple of coins and I always see people selling.

@TheQuickSilver101 Год назад

I think this really varies depending on where you live. Some areas are being hit hard in this recession and others aren't as much

@Tsunseyu Год назад

At the LCS I work for way more sellers than buyers.

@kamillederoo7013 Год назад

Okay ! Silver IS going to 9 Bucks

@tomsullivan-kc4fb Год назад

Harry is selling out because he prices his precious metal products fair and according to market. The shops that got stuck with inventory at last month's spot price don't want to take the haircut, so their metals sit in the display case.

@brianbeckstead9212 Год назад

I agree. I have visited many of the other coin shops in the area and Harry’s is the most fair I have seen. Fair when buying or selling. I have witnessed both sides. Harry is great.

@my1956effie Год назад

I like the way Harry puts a positive spin on anything.

@JRileyD Год назад

Part of the business sense smarts. Gotta have it to be in his line of work.

@arte9855 Год назад

@@JRileyD the art of the deal. Standard answer... How business, its OK but could be busier.

@busterbiloxi3833 Год назад

He makes money on the spread. Silver could be two bucks or two hundred bucks an ounce. It doesn’t matter to a retailer: HE MAKES MONEY WHATEVER!

@watson946 9 месяцев назад

He's a dealer, he makes money on margin, doesn't matter what the price is doing to him.

@BenBartlow Год назад

Costco also loves having loss leaders that don't make them money but get people in the store to buy the rest of the stuff. Could be what they're trying now

@mikeward7290 Год назад

He shouldn't be embarrassed for selling most of his stock. He should be proud.

@LF12468 Год назад

Pride is a sin

@BlaubartMT Год назад

@@LF12468 Yawn

@busterbiloxi3833 Год назад

He’s making lots of money and that’s his bottom line. Nothing wrong with that. He plans ahead and is scrupulously honest. Silver Dragons, however, hates the gub’ment and blames “Worshington” for his own personal problems.

@mercurialmagictrees Год назад

Harry has good prices and it's a clean well organized shop. It totally makes sense why there's a loyal customer base in that area

@scotts1356 Год назад

Most people buy when silver is up, NOT when it's down. That never made sense to me, but that's the reality.

@garrett6371 Год назад

Harry is the best! Keep doing videos with Harry and crew! They are so nice, honest, and informed.

@66block84 Год назад

The U.S. Mint should put $50.00 face on Silver Eagles and $5,000.00 face on Gold Eagles. Then put them back into circulation as REAL MONEY!

@jimlewis5477 Год назад

With prices dropping like this I bought all I could in gold and silver online.

@phoenixmichaels Год назад

When silver hit 20.98 for a few minutes, I jumped on it. In conjunction with a sale on 10 ounce Pioneer bars (51% off the premium) I was all in at $23 an ounce. I bought a lot, and am pleased with that opportunity.

@emiibbb Год назад

My G😂😂 same here lol

@phoenixmichaels Год назад

Way to go buddy.@@emiibbb

@MatthewCrustlife Год назад

I did same, was only able to get 2 because I’m tight rn, but 20 ounces for 460$ cmon bro

@busterbiloxi3833 Год назад

Good! You are taking advantage of the situation. I bought sixty ounces myself. Yay for our side!

@williamguirl7735 11 месяцев назад

100 oz bars for 2250!

@patricksmith3316 Год назад

Always love the Harry's Coin Shop videos over all your other content. 😊

@crazy4mopar Год назад

Got my costco bar for 1856.10, which was $11 over spot!

@CaptainFrandy Год назад

I was wondering how much they went for!

@CaptainFrandy Год назад

?@@johnstuartmill1500

@proxyman260 Год назад

I was just at his shop last Friday. And the price being so low I actually bought kangaroos which are the only government ounces I have now. Harry is always an awesome person to work with.

@orwellianhater4014 Год назад

The only surprise is that gold has held up as well as it has. It should have dropped below $1800 weeks ago and was thinking it would dip to under $1750--maybe under $1700. It still might and will be under pressure until the Fed turns dovish once again. This assumes there is no banking or global issues, of course. I will be buying my next 1 oz gold coin once spot hits $1800.

@Dirty2Clean1980 Год назад

I’m waiting for the same sir. I’m glad the price dropped.

@jamesm6006 Год назад

Adrian! I was the guy that slapped you on the shoulder at Long Beach! These guys are super friendly in person, not just in the videos!

@TheRealSiberD Год назад

I just bought five aztec silver rounds. First metals purchase for a year now.

@jdanielm5995 Год назад

I absolutely loved the Ebay Bucks... stacked a bit at or below spot... how sweet it was... then they slowly phased it out...

@Clearanceman2 Год назад

Remember Bing cashback up to 70%? I spend a year just buying things on ebay, getting 30-50% back and reselling the same item on ebay. Even after fees, it was easy money. Remember the 100% mail in rebates on antivirus software? Same thing, I'd buy some every week then sell for whatever on ebay because I was getting 100% rebate anyway. Credit card companies used to give 20,000 dollars for six months for $75 flat fee. You could put it in the bank at 5% and just pay the minimum payments out of it then pay it off at the end. And of course I missed bitcoin at 10 cents a coin and even $300 a coin which made all the rest look like nothing.

@busterbiloxi3833 Год назад

Don’t remember any of that. Are you a deluded armpit?

@jabaricox2623 Год назад

Thank you for this video! Im a 24 year old and I just hit 500oz in silver stack. Just bought more. These videos keep me confident that prices will rebound and push higher

@emptyheadbiden8698 Год назад

You should break even on your 50th birthday.

@cowboysilver4838 Год назад

Good for you!!! I wish I started stacking when I was 24.

@busterbiloxi3833 Год назад

Commendable. Well done. Listen to Harry. Ignore Silver Dragons - he’s an alarmist and an enemy of the US.

@wreckreationalrc7033 Год назад

My theory on the costco gold is that they bought them a long time ago at a low and held them to see how high it would go. Then thet got scared on this last drastic drop and dumped them.

@bengunn6571 Год назад

I don't think Costco is in the business of speculating. That's like saying SD Bullion or other businesses that accept bitcoin as payment are going to continue to hold it in the hopes it goes up. You know they are probably converting that to cash as fast as they can.

@syberphish Год назад

lol... So Costco bought gold for a long term test... then got scared because we had a recent dip not as drastic as the one a year or so ago but it still made Costco all-of-a-sudden decide to reduce their holdings? lmao. I guess you really can rationalize anything.

@dryciderz Год назад

I think it's possible. Idk how possible but I heard they have jewelry shops in Costco and that's where they were selling them so there is the point to be made that they did already know the market

@theHDP Год назад

I hope Harry pays you in silver for the promotional spot at the beginning. 😂

@Nob0dy1791 Год назад

I wish I had money to buy silver at these low prices but the government is bleeding me dry

@felsinferguson1125 Год назад

Similar at the LCS here. I got out the door yesterday afternoon with their last on-hand tube of Charlie-brits (Yuck! At least Liz looked decent!) for $579. They had *ZILCH* for generic rounds, a handful (15-20, maybe? didn't try for an exact count) of Krugs, an even smaller handful (6 or 8) of painted eagles, a grand and glorious total of 3 plain eagles (backdates - no 2023s) no junk dimes, only a dozen or so junk quarters, and a whole 3 10-ounce bars (with none of them being the buffalo bars I like - one of 'em looked like it fell out of somebody's pocket in the parking lot and got run over a few hundred times before somebody noticed it and dragged it inside, washed the road-crud off it, and tossed it in the display case to take up some empty room so it didn't look quite so barren) Little as I care for their looks, I guess I'll be content with brits for a buck and a quarter over spot. An ounce of silver is still an ounce of silver, regardless of how fugly the guy stamped on it is, right?

@barneymiller6204 Год назад

Another great interview with Harry and the guys!

@calguyful Год назад

I have family that lives 10 min away from Harry’s Coin shop. Next time I’m visiting I’m definitely stopping by. Harry and his staff seem very sincere and genuine.

@cookiescott2165 Год назад

Love HARY'S coin shop❤❤❤❤

@craigj1479 Год назад

It’s my opinion that 500 face value in 90% will suit average stackers, then the rest in US gold!!!!!

@europa3962 Год назад

Bill Holter recommends 712 ounces of junk silver per family member which is $1000FV

@MichaelPapalini Год назад

How can I contact Harry I’m interested in buying the colorized eagle if he still has it

@joencrypto8133 11 месяцев назад

With so little margin on selling coins, how is Harry able to pay his staff?

@richardmetcalf2346 Год назад

He has some smart costumers!

@brucefoster8000 Год назад

Walmart sells gold and silver, they carry AMPEX. But they charge sales tax even though Indiana does not require it.

@Sherry-tb9xz Год назад

You can call customer service and ask them to take off sales tax after purchase. They will credit you back the tax..

@ronjarman4256 Год назад

I wish Harry had a shop down here in the desert. They really seem like nice people and I would buy them out myself 😎

@robertrigbyjr5031 Год назад

that is the whole reason i only buy silver for if someone wants a silver half dollar for a can of beans and all i have is gold then i just paid a thousand dollars instead of ten dollars

@veritasfiles Год назад

I love these guys! Great video!

@elvisarrowood9516 Год назад

Don't talk about the credit card rewards...you and others will ruin it for us that do know

@DrSchor Год назад

how does that ruin it for you

@kaynef6637 Год назад

Costco in Perth have been selling from half oz gold right up to half kilo gold bars for well over a year now , hope they start selling silver soon .

@busterbiloxi3833 Год назад

The Perth Mint is down the street. They manufacture excellent gold products. Better quality than the US MINT.

@leefury7 Год назад

BMO, after 30yrs, just closed all my accounts and CC. The CC won't even accept my phone call. The local bank knew nothing about it. Corporate would give me no reason but hinted it was fed related. The last time I withdrew cash they handed me 2 pages to fill out and said, never mind and walked out. So I guess they don't want to do the paperwork required by the fed. 30 yrs. Never had less than $50k in the account. Never missed a CC payment. No appeal process. They just closed my account without notice and gave me 6 wks to vacated their banking system. WTF is going on in this country????

@americandissident8245 Год назад

But bought a couple gold philharmonics and a bunch more junk silver

@bobsilver3983 Год назад

I bought 15 silver quarters yesterday.

@TheQuickSilver101 Год назад

I think how things are selling might vary depending on where you live. I've heard some on RU-vid say that things are really moving, like Harry, while others are having difficulty moving product and are selling back to wholesalers

@rd9102 Год назад

I hope he has more when it's time for my normal trip for some Dollar Cost Averaging. I will be a sad panda if he has nothing left, a very sad panda indeed.

@LarsLarsen77 Год назад

I got some rounds and some Franklin halves. If prices stay low I'll probably pick some eagles up next.

@RealEngineer Год назад

What a great gang at Harrys ☺️

@jackosullivan6951 Год назад

They have an awesome line up of employees here. They all have their specialty. Their like the Avengers of metals 😂

@COUNTINGSLURPULA Год назад

Harry can make a bad day great! ❤it

@magnumfour88 Год назад

Is Brandon packing? I sure as heck would. Much of Oregon is unsafe.

@sylvandagevos3676 Год назад

Thanks for the video!

@PlantNativeTrees Год назад

Love seeing shop and staff! Always interesting and entertaining ontent!

@tegrity-farms9842 Год назад

silver is not rare ? .. id buy gold.. thats it .. might start soon

@oregonstacker2878 Год назад

Great insight!!

@hungryman3107 Год назад

you should do all of your videos here in this shop :)

@Spirit-FilledMindset Год назад

I guess it just depends on where you are or where you go. My LCS still has loads of silver, but I bought out all their dimes and they have about 40 quarters left. However, their gold sovereigns were pretty hot this week.

@SHOCKWAVEDAVE Год назад

Got my Beach City Whatnot package today! Very nice thank you!!

@MiceDnP Год назад

I bought 100 oz of Silver rounds when it's price in CAD was 35,20, now it's 33,10, but for whatever reason, i do not care much. Guess it's a good sign. It's just interesting to watch how the prices go up and down and learn along the way to make better decisions for the future. No way i'm giving up, happy buying everyone!

@DrSchor Год назад

the reason you dont care is that you are deluded of course. if you dont give up you go broke how can losing be happy

@petejames1326 Год назад

im very good at reading people, ill take a stab RICHARD is the owner and the boss of this fine establishment correct?

@toejam503 Год назад

I stack mostly ASE, if I were to sell right now, I would take a big loss. But, I bought them for the long term and the low spot price keeps me from depleting my stack. There's always other ways of getting funds without touching my Silver.

@deancoburn9352 Год назад

Awesome show...never be embarrassed on selling and not hiding..ty...i want to start buying not sure where i can go here;honest people are hard to find

@SecretSilverStacking2 Год назад

This is a worthwhile video.

@davidariamirroarkyoung Год назад

The stronger the dollar. The weaker the precious metals.

@busterbiloxi3833 Год назад

SPOKEN FROM ON HIGH BY A GOOFBALL!

@davidariamirroarkyoung Год назад

@@busterbiloxi3833 Frankly, Buster! (You actually gave me an excuse to use that, roflmao!!!). I like science & statistics based on historical data. What historical trends show is that the prices of precious metals drop when the US dollar is stable, and raise during uncertainty or instability. I am more than happy to share the source data. Now I'm not gonna argue I'm not a Goofball. Since most people who know me would say I'm a Goofball (I must say a sexy, well educated, highly successful, egotistical, and overwhelming sense of id... Oh also a major "@$$h0\£". Spoken from on high also most likely!). I will just say excellent observation skills Buster!!! 😜

@Steelythestacker 3 месяца назад

Brandon knew what he was talking about with people using their credit card getting the 2% back from purchases and then an additional 2% from the executive account when buying gold or silver from Costco.

@mikehygj9221 Год назад

$19 / 2022 American eagles??? Free shipping for Noxara,,,,, is this a scam ???

@christopherwallace826 Год назад

Costco sells rand bars too. Also when they first offerd the pamp bars earlier in the year they where like 30-40 underspot +2% back if you have an executive card and 2-4% depending on credit card but after a month of selling out instantly they upped the price

@MrTrippticket 9 месяцев назад

I don't know what it is about junk quarters, but I'm with you, SD, I have tons more halves and dimes. Love Mercuries, love Walkers!

@JV-wq1ct 4 месяца назад

if s.h.t.f happens,money,gold,silver will have zero value. What are you going to buy if nothing is being made? people dont think about that.

@Chu6um Год назад

With BRICS looking to tie it's currency to precious metals, and more countries being brought onboard, the general value will always be in demand. The fiat currency is becoming more unstable with all the chaos in western nations, as well as other geo-political tensions involving some of those BRICS countries, having real money on hand feels comfortable. The current prices are attractive, and I've taken advantage of the 'dip', to fill a desired gap. I am even more comforted with the trends in the housing market having another repeat of the last crash, back in 2008.

@GordanZ 11 месяцев назад

Omg you Americans can afford silver really cheap. Premiums on silver bullion coins and bars in EU are outrageous right now. You can't get a silver eagle or any other mayor bullion under 36, 37 $. Plus you pay taxes on it

@jedmccullough7809 Год назад

I'm glad I didn't listen to all the people telling us to buy gold and silver for the last year. I just gold 100 silver eagles for 25$ a piece and 5 oz of gold for 1845 of buffalos. Moral of the story never buy when prices are high.

@littlecougarkitty3063 Год назад

Wonderful video. Love it when you visit Harry and his gang.

@whiltoecardhonian3054 11 месяцев назад

Constitutional is the way to go in my opinion for food and such at farmers markets. I believe companies that offer mortgages and places like Amazon and Walmart will require crypto in the next 5-10 years

@000one Год назад

Most people are kinda outsmarting themselves. Look at one thing. The entire history of time when it comes to precious metals. I own gold that my dad paid $212.00 an ounce for. You have it. Just hold on to it. It will come back fast as it went down. Always has. Something has started this concern. Is it a what or a “who” that is causing this?

@joen2423 5 месяцев назад

Colorized Eagles are great, I don't collect them but it was my first bullion piece as a gift. Without that colorized Eagle, I may not be watching today with my meager collection.

@GreatWhiteCat 2 дня назад

27 bucks for an eagle....oh man, this was only 11 months ago.

@matrixist 11 месяцев назад

Smart people are waiting for premiums to hit under 10% on ASE's. The dip to $8 wbe a buying opportunity.

@TeknoMediumsParanormal1111 11 месяцев назад

The possibility of forced switch to crypto in our future, I would expect good business for pawn shops too. Soon as my truck is back, thats where Im headed.

@gatorbaitbaby6805 7 месяцев назад

SD We keep hearing about buying the dip.... My question is there a stacking criteria of what a dip is? Such as a % off its all time high or % off its 1 month or 2 month average?

@frankwolfburg5655 Год назад

You visit local coin shops and then recommend SD Bullion?😂

@MiddleClassNaPobre Год назад

Harry reminds me of my grandpa making uninteresting things more interesting.... grandpas are great storyteller....

@ItsEverythingElse Год назад

Hoping 90% drops to 16x or less. I'll buy everything I can.

@tgabe6163 Год назад

Harry has such an awesome attitude, I honestly have a strong feeling his optimistic nature would not allow him to admit if he was actually hurting.

@stephanieybarra161 Год назад

This sucks I was literally getting ready to drive over an hour and a half to come to Harry's I'm new and that's the only place I know of I live in The Dalles Oregon I wish I could buy online from him

@anonymous071985 Год назад

Why would any seller of anything hide stock?! They charge premiums anyways. They have a very good spread on the ask bids. They make money no matter what

@jt9451 4 месяца назад

I personally would rather buy any type of coins at a brick and mortar store than online only if they accept credit card and that is what is stopping me buying coins. If I had to buy one type of coin it would be the Morgan Silver Dollar. If I had to advice anyone else what to buy first it would be buy the book of what coin you want to buy.

@arctan64 6 месяцев назад

Buying bitcoin outperforms gold, bitcoin is going to overtake the market cap of gold one day.

@bajil101 Год назад

you guys look like you're shiting your pants, it's gonna be hard to compete with Costco, they are gonna try and monopolize the market and take shops like these down. But they don't get all the services local coin shops offer that Costco could never be able to offer so you'll be ok if you weather this storm.

@garbo8962 Год назад

Purchased six 10 ounce silver bars very cheap this week for Christmas gifts to grandkids ( along with some cash ). Never thought it would dip this low. Wow only $27 for Eagles.

@lamarravery4094 Год назад

I remember paying $16 for eagles about 6 or 7 yrs ago. Before that I bought eagles for $30, $27, $25, $22.

@chaicharin Год назад

Ebay bucks ended years ago and yes Costco card holders get 2% back on their Costco credit card plus those that have an executive membership also get an additional 2% back at the end of the year. So that is 4% for a Costco member that has both.

@MetalBum Год назад

Oh nice. Man I miss those eBay bucks smh I stopped buying metal on eBay after they got rid of that smh

@lamarravery4094 Год назад

I wouldn't sell anything on eBay. You're taxed on it if you do.

@darkscope2 Год назад

I bet Harry is hoarding his product because the prices dropped. Just doesn’t want to admit it!

@bloodCount8895 Год назад

ill wait for 15-16 paper price before I ever buy an oz again. Otherwise I would stick with SLV no shop owners to deal with and no premiums to deal with.

@thelightoftruth1712 Год назад

SLV isn’t real though. It’s as real as fake fiat currency. If you don’t hold it you don’t own it

@MrCreepers21 Год назад

There are more sellers than buyers. The people that bought more than they should have the past several years realize they need cash to actually pay bills. The people that drank the koolaid that hey buy buy buy it’s all “onsale” but have only seen the price go down. Heck if you bought a bunch of progresso soup 3 years ago that has gone up more and you can eat it.

@glockumollie1230 Год назад

Another good one and thank you for the spot checks on all the different types of silver. Good time to buy.

@mauricewhite1045 5 месяцев назад

Met Harry and the crew great people very knowledgeable of there professio highly recommended on medals hands down the best

@joshuacrisp8354 4 месяца назад

wish i didn't live 2500 miles away from Harry's!

@karltaylor5643 Год назад

Far as I know the Japanese Yen value went down. Making the U.S. dollar value go up (micro-deflation?). So stronger dollar value made gold, silver, gasoline, etc. prices go down.

@busterbiloxi3833 Год назад

Whatever. Stock up on food, fuel, gold, silver, currency AND toilet paper. Then rest.

@ItsEverythingElse Год назад

Franklins are my favorite too. They're just cool.

@nancyfreehafer7154 11 месяцев назад

Walmart is also selling gold and silver (courtesy of Apmex)

@beebob1279 Год назад

I buy from my coin shop, but prefer to go online. Online is cheap, but takes a little longer to receive.

@busterbiloxi3833 Год назад

So what? What’s so bad about waiting a few days in order to pay less? Huh? You Americans are selfish and unrealistic. You need to be satisfied immediately. Ever hear of delayed gratification? I guess not - you probably think that more highways will reduce traffic jams.