Thanks for your content. Your videos remind me of a college history class. I’m trying to sharpen up. I’ve got 25 pounds of pennies to sort through the date range being 1900-1982 It was a birthday gift from my in laws. So far I’ve found 3 that bear further examination. I’ve been collecting since I was a kid but I’m by no means an expert.
I need your help daniel... I like your videos and your detail of coins... I received a 1964 Kennedy half... satin finish... a sharp strike, very detailed... square rim... accented hair... speacial thin lines all consistent... it's a very diamond cut detailed look and I believe it's a very special SMS 1964 half... please can you help me... sincerely Deano pellegrini... you need to see this rare piece to believe me... thank you...
As a professional dealer myself here in the UK, I can safely say that I agree entirely with Daniel's assessment. I lecture in numismatics and enjoy it. Being polite to us dealers is essential too!
Might I ask your take on acid-free paper envelopes? They seem to be very popular here in the UK, but I've heard a lot of American collectors speak badly of them.
As a relative "newbie" to the hobby of numismatics (about 3 years) I have Daniel to thank for all the knowledge I have today. I can walk into a coin shop and converse with the owner with confidence. Being able to express knowledge of the hobby and also knowing how to "act" is a huge advantage. 3 years is nothing compared to many, but it's a start and I have Daniel to thank. You CANNOT go wrong listening to this man.
I feel like I'm doing this wrong and it's frustrating. I'm all over the place with my collection. I'm not going to get back what I put into it I don't think. I started this for fun but I'm getting stressed out if I think i made a bad deal. I have to remember i started as a hobby not an investment.
When I look at lists of error coins it DOES seem overwhelming. Watching this makes me wonder which dates should I look at more closely. Pain in the ass, I say.
I’m one of 9 kids and was born in 1954. There was a neighborhood boy to whom my oldest sibs would say, “Show us your handstand again, John.” Of course his baggy pockets would leak treasures he’d stolen from his father who had a coin business. Imagine the treasures they traded for candy at the local Mom and Pop grocery. John grew up to become a coin dealer and was quite successful. After he died it was learned that he was a local fence for stolen collections that he sold at auctions. Hmmm. In my childhood you could get some pretty interesting coins still in circulation. Buffalo nickels and Mercury dimes were common. We’d run show my mother when we got an Indian Head penny. That’s like finding a wheat penny today. Happy collecting folks. I have found a nerdy, smart girlfriend that enjoys doing coin roll searches. It’s fun!
Thank you Daniel ! Important things folks need to know when taking up the coin collecting hobby. I'll give you an example of what not to do..I know nothing about baseball cards. For fun and thoughts of maybe making a few dollars, I bought a box of cards (several hundred cards) from a local auction for $10.00. I went to my friends at a local store and thought I could flip them for 15-20. Even though being my friends, they wouldn't buy them for the $10 I spent on them. He explained to me the mistakes I made. I DIDN'T DO MY HOMEWORK.. Same thing can happen in the coin hobby. Learn the minting process, don't use Google prices (use a reputable site), go to a local coin show and get coins in hand, join a local coin club. Do your homework ! As far as OBW rolls, users can easily rewrap them and make them look old or even uncrimp the ends to pour them all out, look and re-insert them. Study, learn and keep your ears open to advice and opinions about a coin you may have questions about. I have learned to be a sponge and not a rock. Soak it all up.
This is off topic but your comment about the original rolled coins got me thinking. I have one of those (just pennies from 40s) that my dad got in the 40s and gave to me in the early 80s. If no one would believe it's original anyway, should I just open it? All these decades I thought it would be better unopened
I've ran into this several times in the last year..I'd sit down and look at a collection or several coins and the person says, "it's a error coin". Now I'm not an expert but I do all I can to educate myself all the time. At first I'd get kinda upset that these people would think they have an error; most have never looked at coins under a loupe or microscope. My attitude has changed. Now I will sit and educate, if they'll listen. Just sharing what I've learned to further the hobby. But there are still too many "expert's" who'll want a mint for a face value coin. It's a great time to be a new collector; never has there been more information about coins!
I once had a dealer like Daniel, having one like him is a Godsend. The comfort you can engage the hobby with as a result is beyond compare. Find a good dealer, and do most of your business with them. You’ll learn so much and be glad to have done business with them. I can’t stress enough the value of a good dealer. Reward them with your business, they deserve it!
0:40 Contain your coins the correct way 1:40 Don't trust other collectors 3:40 Don't get scammed 7:40 Know the differences between varieties and minting errors. Also know the whole procces. 9:10 Price guide can help 11:04 Don't be that guy 🤓 (use multiple sources) [That's not 10 but might be helpful]
I've never bought or sold anything online and been collecting coins and currency for over twenty five years I have friends and relatives that saves their pocket change for me and a nice collection. I just have a problem with trust and honesty it's really hard to come by . Great video
Thank you for caring about those of us who want to try to make a little money and learn about coins. Its very difficult to keep up with what is what. Its nice to know someone like your self are out there for us to learn from.🧐✨
It is so true about the magazine ad rip offs. My uncle passed away recently and we discovered in his bank vault a ton of American mint company junk. He had collected a bunch of gold and silver plated medals that were basically worthless and the receipts he saved showed that he had spent several thousand dollars. So sad that it should be illegal.
South Park did an entire episode about QVC type shows selling insanely overpriced coins and jewelry to the elderly. It should absolutely be illegal. It's an intentional malicious act to take advantage of aging people because they can't adequately protect themselves from charlatans. It's sad. Spend time with your family, especially parents and grandparents. It'd really important
I consider myself an intelligent person. About 5 years ago I decided I wanted to pursue coin collecting. Just because of my total interest in coins, not trying to make a jackpot and retire at 42! Every time I think I have solid knowledge about coins something I see or learn something new. The people selling coins on eBay that are worth face value for thousands of dollars are either ignorant or crooks. I wish eBay would do a better job weeding those people out, because all it does is negatively affect the new coin collectors
I wouldn’t wipe my arse with most of the junk that the eBay vendors are selling. Luckily the more you know the easier it is to spot the BS. Good luck Andrew & have fun.
I agree with you 100%; you are what the coin-collecting community needs. There are so many pitfalls to collecting that you have to have the knowledge to overcome them. I have been collecting since I was a boy (over 50 years ago) and I found that the best way to collect coins is to collect what you like, not looking at making a future profit or falling for over-rated coins. You are correct, KNOWLEDGE is the best and only way to collect coins, also a little common sense helps. Keep up the great videos Daniel we all need your valuable information.
Biggest mistake is buying slabbed Canadian .9999 coins. I seen even the reverse proof privy coins and rhodium plated coins all milk spot underneath the coating. Buying slabbed ms70 coins to have them tarnish and/or milk spot is too much for me.
After 53 years of collecting, even I can make mistakes and misconceptions although I believe I have lost nothing by them. I'll just relate a couple of them. Ever since I was a little kid when I showed my young mutually coin-collecting buddy my recently found 1943 steel cent and was told by him in reply that a few 1943 copper cents also exist, I have checked my change for "wheat backs" and that most elusive of Lincolns. About 4 years ago, I did get a wheatie which when flipped it over appeared to look underneath the black-crud accretion to be a 1943-D copper. Wow. I had to get this home for closer inspection right away. Well, after taking some soap and water to wash off what I could of the accretion and taking a magnifier to it, I could see that it was a 1948-D which fortuitously had received a slash (damage) to its surface that made the 8 appear very much like a 3 and that the crud obscured much of the date. So much for that and the coin went in my junk coin box. The second has to do with being tempted by too-good-to-be-true prices. Recently I bought a number of US silver bullion Walkers at a price just a couple of dollars above spot silver. I rationalized that since the firm offering mixed dates, they were clearing out coins for which they could not make complete rolls. Anyway, after I placed the order I had second thoughts and investigated the firm. Two people reported online that the company were fraudsters and, yes, I changed my credit card right away. But, ' damn, the con-artists sent the coins anyway although they are not going to receive payment. They were all purported 2021-W proof type 1's. I have to say that the proof surfaces are beautiful, but I could see right away that the Ms. Liberty's face is just too crude. She appears to have such deep-set eyes that she is wearing a mask (Buon carnevale, Signorina Liberty.) Also, the "E Pluribus" is much too close together compared to an authentic piece, and the masses are all over the place with most being about 1 gram below the standard and a couple a few tenths of a gram above. Still relatively good counterfeits. Well, as Daniel says here, always be careful.
Unsearched Rolls/Bags...LoL. Yeah, I bought some once knowing it was bs. But I wanted to see the crap they'd pull. It was an unsearched bag of wheaties. It was seeded with earlier date wheaties only to an extent they thought necessary to give the bag an air of authenticity. Laughable! And EVERY early date was a cull, many with verdigris as well. They also put 2 common date 1957 gems in there because well....that happens all the time in organically assembled "unsearched" lots of wheat pennies. LoL. Gimmicks folks!
If you read those adds on any site you can tell it's bull because I have read them like for example un--searched Indian wheat cents tells me right off not lagit because the enders are Indian heads but the middle is wheat cents..... And most likely all common you can from a bank box.
I wish I had heard this BEFORE wasting $100 on a Indian Head nickels sold by a HiBid auctioneer who sells coins. Authenticate? YES But......the majority of coins were ground down. Certainly did not look that way in the photos online. Worthless, I guess. :( Live and learn.
I listen to everything you say…you make total sense. My dad been throwing his pocket change into containers sense 1964, lm now going through every coin…one by one. I bought on Amazon helmet magnifier with light…model MG82000MC. Talk about time consuming.
The Home shopping network is just for entertainment purposes only. At one time, HSN used to have a Morgan dollar spectacular show that was run by Skip Connely and his guest, Bill Gale, who is a professional numismatist. I enjoyed listening to Bill Gale because he used to get into the history of many of these Morgan dollars and you could really learn something about these coins. This was around 1996 when I saw that program.
I was wondering how some coins are at a high bid with 1 bid. Its the same person with 2 accounts. I get it now. I've never bought nothing from those type sales. Glad I didn't now. And u right about so called unsearched penny rolls. There searched. Who they kidding? Lol. I'm glad somebody with your expertise are calling the shysty folks out.
one should assume any bulk amount of coins is sold searched. Though a shop I've started to frequent has a few nice surprises in the kilogram amount I buy: commemoratives, small silvers, pre-war coinage, etc.
This is probably my favorite coin resource. The focus is education, education, education. Furthermore, the dealer is beyond honest and forthright. Questions are answered in step by step tutorials, tailored especially for newcomers, helping to demystify the curiosities in money that we all occasionally encounter. This is a great service to the general public.
I can't believe the things I see everyday on online auctions, it's unbelievable how ignorant people are paying the insane prices, buying silver bars and rounds for $35-40 or more while silver is $21 a ounce, what fools, i often think im the only one who knows what the price of silver is worth. What is wrong with people and then they thank the sellers for taking them to the cleaners while making huge profits!!!
This is why I haven't listed or sold many of my coins. I don't want to scam some one and I don't want to be scammed. That is why I am watching so many of you video's. I have ask several company's about some of my coins. I have Indian head pennies Where the buffalo has only 3 1/2 legs but they are not a 1936. ? are they fake.
Daniel, you are a really good, honest coin dealer. I have never heard you steer anyone wrong. Your best customer is an educated customer. I hope that a lot of people study your videos because you explain everything that you should do step by step to properly invest in coins. I look forward to your videos. Thank you.
I've struggle being a single dad always eking by on my pocket change and. Hoping for a lucky coin card. Anything. And I saved. All my wheat penny and vintage nickels. And I have a lot and don't have the money for grading .so I want to post them on line.thinking I got coins
I can see i have been scammed by buying rolls of pennies. I had fun looking at them i spent $50 so i got off cheap most likely. Thanks to your video i now know better😊😊 I am a beginner at coins but i am 58 and i do try to educate myself. I am a collector in general of various things but i collect things that i love i dont collect to sell. I will sell stuff but that is not my point i generally give things away. Its the hunt thats fun right? If ever i found a real treasure i would probably sit up all night and look at it!! My question is i live in Northern CA and how do i find a reputable coin shop? I bought some Gold bullion a few years ago. Only an ounce but the guy that ran the shop got arrested for faking up coins and selling some material dipped in gold or some crime similar. now i dont know who to trust. So i am going to watch some of your videos to learn more. Thank you for doing these videos it will help me tremendously.
You can say this but people just need too learn for themselves I had to learn the hard way,and that’s loosing a lot of money on B. S. Hard head makes a soft ass lol.
I feel like I've been incredibly lucky in this hobby over the past year. I spent a lot of time and effort collecting US coins in a country where coin collecting is not very popular. Stamps is much bigger there, and as a result I was able to get coins that really rounded out my collection for very little money. Of course, cherry-picking some to resell back here in the good old USA made it so I more or less broke even. I've made more mistakes buying coins on Ebay than I ever did in the shop (discounting paper money, which I'm WORTHLESS at). In truth, Daniel, I can thank you for your online guidance in educating me as I reenter my favorite hobby.
I'm a beginner in coins I was collecting coins just for the face value I do have $700 in quarters in rolls I never searched them to see for any of these errors or Rarities how much do unchecked role sell for
One thing collecting is bad for me is when it turn it to a horde when Its to much more and when you are travelling you cant bring alll of it all of my collection coins and toys is rare but balanced only in small quantity not more than above 90 because problem is when you move out and change house or moving address its hard
Thank you for everything. You are a good person and a professional in currencies. And I learn from you. God bless you . Thanks again for the great content. I am from Jordan in the Middle East. And I always follow you.
90% is a good thing to buy and that’s all the advice I can offer in RU-vid comments. I have the help community if you want to hear more opinions on the subject.
Sitting at a park this morning and just ended Huge Mistakes Coin Collectors Make video, and I realized that I was robbing myself of the joy from the hobby! I was looking for the money coin and was stressing myself to the point of not having a "Point"! in enjoying a surprising "good feelin" find!! Man, thank you so much for allowing me to see the enjoyment of this fantastic hobby through education videos as this one! Bless you for your hard work, and sharing the love of the hobby for all.
If you can't make it to any of the mints for a tour I'd suggest you watch any of the many videos from the mint to see how coinage is made. It truly is an eye opener about the process.
Daniel you put out great and honest information. Very concise video and quality points. Do you have a forum for questions from coin collectors other than comment areas under videos ? Do you have live videos so that users can ask questions in chat windows ? I checked your video link and other links associated and didn't see this. Thank you again for your time and keeping the hobby alive and honest information.
Good video Daniel. You make a good point on unsearched lots. I have a method per se for buying unsearched lots. I won't share it because I don't need the competition. I've bought hundreds of dollars in face-value wheat pennies looking for errors and varieties and have found several double dies and RPMs. I've only found a few non-error (less than 10) wheat cents worth more than $5 each. I've found a 1921 S penny in nice AU condition that I feel is my best find for unsearched rolls, not counting the double dies. Needless to say, there really aren't many truly unsearched lots or rolls out there. Thanks for sharing your knowledge with us.
That's one of the main things that just grinds my gears. Is people putting ridiculous value of a coin that they're putting up for sale when in reality it's worth face value or a couple bucks at best if it's a Minor error.
I had a local legit dealer I dealt with almost exclusively, he was straight up a man with integrity. It’s funny, when I went to a regional show, I discovered that this guy had a seperate inventory that was for shows, not shop sales. At the show I wound up making about 70% of my purchases from him. He had a good selection, conservatively graded and priced very fairly. He had a fatal heart attack a few years ago. Man, I miss that guy, I Sincerely hope I’ll do business with a man of such integrity again.
Knowledge is power. Thanks again for a making coin collecting enjoyable again. I sent my friend over to your videos because she's retired and searches her everyday change and calls me every other day to tell me she found a "double die error" . Then gets mad at me when I tell here she wouldn't know a double die if it smacked her on the head! 🤦🏾♀️
Thank you thank you THANK YOU!!! For posting this! As well as your other videos. It's not super easy educating yourself on this when you're brand new like me. I can already tell that half the crap Im seeing on the selling platforms is not & cannot possibly be accurate or truly of the value that some people claim things to be. Anyway-thank you again! Really appreciate you sharing your knowledge & looking out for people who are trying to do good business.
I noticed Daniel knows what he's talking about I just started to search coins two weeks ago and everything I'm learning is from Daniel watching his videos
Enjoyed that video a lot. I love to hear someone vent frustration. I enjoy variety chasing and I'm no pro. The best advice I could offer is you cant be lazy and become successful learning to find varieties at the same time. Learning how to research is 1st. Multiple, reputable sources, and so many notes. Start with the minting process. Research and learn it and stop pissing off these pros by taking the easy way. Its work to learn but once you do it's easier and the pay off is indescribable!
Developing relationships is a large part of what makes this hobby fun, which is why I greatly prefer buying from dealers in person. However, I've bought some coins on EBay with satisfactory results, but only after doing my homework. I didn't get a bargain every time, but I don’t think I got ripped off, either.
Never buy anything that's touted as 'Collectible', especially if it's also advertised as an investment or that it will go up in value. I've been digging through old Australian newspapers, and found an ad from 1984 selling the new $1 coin, and the last $1 banknote. In bold letters it states these notes will become rare and will be returned to banks and shredded, therefore it's a great investment. Buy now for $7.95. Well, almost 40 years later how did they do? You can buy an UNC 1984 $1 coin or 1982 banknote for about $8 each today. Doubled your money, right? Nope! Once inflation is taken into account, that $7.95 would have had to grow to $26 just to break even. Not much of an investment.
Most collectible shopping through ads or direct marketing is a grift. I fell for it and have a number of folders and plates of the stuff. I don't expect to be able to sell them off, so I consider them decor. I'm just gonna roll on to fill out the last remaining folders and be done with the company I subscribe to.
Good Morning Daniel!!🍵 Thanks to reputable dealers like you that I know, and have known, I haven't made those errors!! There's so much more to learn from you, and I always look forward to your videos!! Thank you!!😊
Thank you Daniel ,as always you have enlightened me once again.I think for me the highlight was your statement be a good listener .I personally have found fault in myself when my pride gets the better of me.when i was a young mechanic thats what did to become a great mechanic . I became a good listener
I have collected coins - and also stack some - and ONLY EVER buy at local dealers - and NEVER had any issues - why buy at ebay or from anyone without seeing the coins - my coin shops are prepared to buy back anything I buy there = I am a HAPPY coin collector WITHOUT issues or worries
Thank you again for a great topic. The problem with "price guide" online is that it is super hard to understand, one gotta click each one to maybe find what is needed to compare.. any ideas?
You Nailed It Again on a Great Topic!! I Honestly have done everything you have mentioned in this Video! Yes, I'm Still learning, and "TRYING TO BE A GOOD LISTENER"! So THANK YOU for all the Information you share with us on your videos. Doing a Great Job!!!!
Thanks man...I'm 52 and retired,and I've always loved coins...even as a kid...I always watch your videos...and afew others(most on RU-vid lie...and are not truthful...I'm not interested in buying or selling....just watching and listening...I can listen to you and afew others talk all day...I even watch your videos 3-4-5+++times...lol...I've always been fascinated with coins...even as a kid....and I've been retired for almost 2 years now...with a pension...and as Ive said...I'm not interested in the buying and selling aspect...if this ever changes....I know now(after 2 years)whose in the know...and who spreads misinformation...but at this stage...I'm still a sponge...love listening to people like yourself who shoot from the hip...and don't sugarcoat...you call a spade a spade! Thank you!
the problem with coin price guides (for me) is that there is only limted information on european coins. i went to ngc and i searched for a 1913 2 mark piece from the german empire (which is not a rare coin, mind you) and got 0 results. i can understand that it is specifically made for mostly us coins, but it says world coins. with such limited information, i can only go to some websites (not ebay) which tell me SOME kind of value, that i dont know is true or not. do you maybe have a solution for this? great video, i really liked it and i really hope you find time to respond :)
I would get the Krause world coin value volumes, I think there’s three and they’re huge or you can get them digitally. Here’s an example www.amazon.com/Standard-Catalog-World-Coins-1901-2000/dp/1440248966/ref=mp_s_a_1_4?crid=3DJQB68TLF7RM&keywords=world+coin+values&qid=1688470839&sprefix=world+coin+values%2Caps%2C105&sr=8-4
Buy the book before you buy the coin...learn to grade coins, go to coin shows to look at coins in person and talk to dealers, most will be more than happy to talk to you...buy auction catalogs with prices realized and study them...knowledge is king. Above all, do it for the enjoyment, rhe financial benefits will come with time.
Daniel I need your advice. I don't want to make a big mistake. If I choose to invest in a coin as bullion which is better, gold, silver, platinum or maybe like a key date Morgan, wheat cent, or Mercury dime? By the way FIRST.
I have been into Numismatics since 1958. Trust me when I say to both beginning and intermediate collectors: Everything that was said on this video is both truthful and accurate. I have never had any dealings with this youtuber so have no financial reasons to make this comment.
As an avid coin collector (64 years), dealer, appraiser, investor and advisor - it’s difficult for me to overemphasize these truisms. You simply have to put in a good deal of time and effort LEARNING before going out there with the mistaken idea that you can compete with the experts let alone outwit them. That’s minimally arrogance and maximally stupidity. Please follow Daniel’s lead as offered in this video. Daniel - See you in two weeks at the Teays Valley show!
For some coin collecting is a hobby - the return does not have to be cool cash nor getting rich, all these advices "how to" and "what to"... don't let it spoil the joy you have in collecting!
4-1-24 what is a good microscope to get to look at coins? Using hand magnifying glass is even to difficult to read even the year. I'm looking at 10 in lcd and usb so I can see bigger, thinking recordable, expandable stand, like the ones I've seen with large work area so to speak. Any ideas that are not over $ 200. This is first time viewing your videos. I'm new at coin collecting. Due to having several pennies mostly decided I should see if any worth value. I do have other coins that are bery old that are probably worth checking also. Thank you for info. Dj
Thank you Daniel. I recently watched a popular TV coins program/commercial where an 1826 half dollar was described as colonial coinage and 90% silver. He touts himself as a knowledgeable numismatist. I also get upset with promoting the percent grade as the number at 69 or 70 divided by the total mintage instead of number submitted. Of course it will be a low percentage, I doubt that any 100% of product mintage has gone for costly grading.
Hey Daniel. A wise man said, "The student must be ready for the teacher to appear. It's not what the teacher says, it's what the student hears. And the teachers job is never done, because the student always go back to their original bad habits". ---Harvey Pennick.
