Silverpicker hehehhehehe yea boi I’m an old coin guy that is worth in good condition I sold one in action the first old one that u die I sold it for in good condition I sold it for $34.674 dollars
Amazing to think people actually think these ebay sellers are going to sell their stuff at a loss. These grab bag items are mainly for kids to just have fun with them checking out the coins. It isn't suppose to be something where you actually make money from it.
@Psychopath Dave Don't you think if he WAS the seller he wouldn't have said "Don't buy this, it seems like a ripoff and you wont make anything off it"? Seems kind of counter productive to trash talk your own ebay store.
@Psychopath Dave And, well, saying how there is a restrike or counterfeit coin in there? Seems kind of stupid that he would be making a video about how he committed a federal crime.
This guy just keeps trying so hard to stay positive and excited about this but you can hear in his voice he's losing more and more hope as he opens more baggies.
@The Lone Wolf although these may very well be fake too, some of the casino morgan dollar rolls I have seen on ebay look more legit than your average scam
Not a coin collector - just watched this out of casual interest. What occurred to me was how similar the two grab bags were. This would suggest that they are not randomly put together out of a haul but the that the coins are specifically collated and selected to go into the bag. Which in turn suggests that you have zero chance of getting a surprise goodie because if they are selecting each coin they will spot it and keep it for themselves.
It's great how you put the value of the items as a running counter. So many of these videos act like these are the greatest deals ever you actually look at these unboxings critically.
Yeah this video is much better honestly, but he didnt really count up the value of the foreign coins. Like he counted them all up as $1 however 5 of those coins were valued at £2 per bag (British currency) which alone puts the bags above $2.5 each. I dont know about the other currencies but who knows...
Imagine the thought of getting ripped off on the internet. Lol I have seen illegal drug purchases on RU-vid from the dark web. The success rate and trust rate are pretty much 100% Better business men. Hilarious.
I KNEW you wouldn't get your money back... As a kid I did a mystery bag of coins out of a magazine. That was 45 years ago and I was 11. Never fell for that shit again.
Did that too, I was around the same age, through Littleton Coin Company. The only thing I got in the "random selection" worth anything was a 1964 half dollar. Not only did I learn my lesson about grab bags, I learned my lesson about buying from Littleton.
Love how the seller cheeses out by using US Postal packaging to pack and pad the parcel. He/she probably goes into the post office and takes all of the free priority shipping materials.
He doesn't even need to go to the PO. They'll deliver you all the free boxes and envelopes you could ever use (I use them for shipping with my company, but I use actual packing material like bubble wrap and bio-peanuts). But, if USPS catches someone using the USPS shipping packages for packing material, they can fine the shipper! All the packaging is marked with, "This packaging is the property of the United States Postal Service and is provided solely for use in sending Priority Mail shipments. Misuse may be a violation of federal law. This packaging is not for resale." One pissed off customer who knows about this rule could get him in barney with the USPS. (although, I doubt it would ever get farther than a warning unless he just continued to do it).
They are clinically put together by a random house collector agency. There are about 40 of those folks nationwide most of em are relatives of politicians and world travelers... Thieves in their own rights meaning the relatives drop off their currency they never exchanged when they left their vacation business spot. It's been one of the longest running pros and cons scams... These brokers also feed into and help fund those old fashion grave robbers that dig 4 war relics 4 schoolastic reasons. I hope I educated you but the angle is the packs they send y'all really are of an actual honest fractional value that could never actually be determined that I know because all collectors may tell you no collection is exactly the same the reasons they make em grab bags. The actual value is about 40% below what U actually paid. The reason when U a private person present a USA coin U own or found and take it to an appraiser can usually honestly rate a single coin to the current market value. When U mix that foreign fodder and junk in a grab bag renders that honest appraisal gig argument past rational mentality. Most of the coins in cases were mint sets that were sold wholesale by other investment brokers that bought out banks that went under from the 80's on forwards. In my area many banks here had actual show cases that would market mint sets to the banking public. All ya had to do 2 buy 1 was walk in any day of week make a transaction and ask to buy one. Because I have several. In this video the kid is semi correct those mint sets are worth a bit more than 5 bucks each. Some sell at about 10 to 20 bucks especially the complete Bicentenial sets can be worth up to $30 to $50 dollars in stores around here. I bought a couple when they were selling for $15-$20 bucks years ago... now ya can't find complete mint sets in stores around here.. so the mint sets he held were probably a few paltry bucks. So this is kind of a scam and kinda not. The deteriorated coins really could be worth something because if they were cleaned up and given to an investor that did not care to go thru the lots he received there could be a rare coin in the mix of shit. But most people just like the broker could spend an enormous amount of time researching say cache of 50 coins found worth nothing. Getting money back on em selling em to these grab bag folks after cleaning and unclear research could render a real find but not likely. I have 4 Roman era coins I was originally told 30 years ago those coins were novelty pieces worth little to nothing. To date those 4 coins are worth 2K if sold together. They were dug up during the 1940's and sold to a broker. I bought em at a flea market here where I live in the 1970's. They sat in a drawer for years and years. A few years ago I was hurting 4 money so I took em to an appraiser the guy wanted em. I kept the coins because of the way the guy reacted to em. Turns out they worth actual money now days.
Literally every single "grab bag" ever is a "scam". They're not going to give you $75 worth of stuff for $75 or they wouldn't make any money. It's hard to even call it a scam really because you have to have no common sense whatsoever to fall for this "scam".
Odds are the seller buys large amounts of these common coins at such a deep discount that even if they did put $75 worth of items in it they'd still be doubling their money.
From my experience, these usually have some cool novelty items and that's about all they are, don't expect to make your money back in 95% of cases, the sellers are out to make a profit and usually these bags aren't truly random, they're usually from the junk/leftover bin or selected because of their low value if sold individually. Sure for a lot cheaper you could buy all these items individually, but you probably wouldn't know a lot of them even existed let alone ever buy them on their own, so it's still kind of a cool way to introduce some interesting variety to your collection. Fun to look through but not a good investment in most cases.
@@Silverpicker Yes. They look like the bars all over eBay, originally from China for 99 cents each. A seller in Miami has them for $2. There are several testing videos out there. I don't believe they even passed the most basic testing.
I had a close friend buy this EXACT product off EBay and was UNABLE to get a refund as the seller had: a. No refund policy and b.TECHNICALLY met their ad by careful wording...you are absolutely right to be angry and it's just not right what some sellers can get away with, as well as how far they push the wording of their items. Thank you for the video and educating everyone so they don't fall victim as well! I always click right away when I see a new video of yours my friend. It's always entertaining, usually educational, and always a good time. Keep it coming!
Those vials look like they're full of gold leaf and it's literally like four to five millionths of an inch in thickness which is 0.1-0.125 µm (or so). There really isn't hardly any gold in there (by weight) at all.
I sell grab bags on my eBay but I can honestly say that mine are no scam like these you have been spending your money on. I don’t want to scam anyone. More then anything I would like the people that are buying my bags to want to come back and buy more from me. The few bags you have shown us so far are very disappointing. Thank you for showing them off.
I am a lady 75 in Oregon. I love old coins, but sometimes a person gets taken. Lol. I think who ever bought the Estate looks at the items first. I do not think they would really send out things worth $ . I did like the video. Thanks👍
I would personally stay away from these type of things. In my experiences with them, it has mainly just been junk. I used to buy these in my earlier days of collecting coins and investing in gold/silver.
Josepch Will the more detailed in the “description” the more lack of detail you notice. I lean towards the junk drawer sales, ones where the pictures are exactly what you get. Usually with those one or two decent items that make the whole lot worth it. I only buy for entertainment
Please do more of these, if you get scammed you can always return them and get your money back and get a free video. If you don't get scammed then there you go, you get nice coins and a good video out of it. 🙂
@Blue collar Gold pockets they're very simple if you're the buyer. All you have to do is say that they sent you an item that wasn't as described and they'll tell the seller to send you a shipping label and you send it back. In my experience, and I'm well experienced, I had my money back in a week. The two times it took longer was when I bought something from China and it took longer to send back.
The good thing here is the feel of excitement opening a surprise. However, I agree there were no chance for real treasures, just some odd items that are hard to sell individually.
T.B. Willoughby usually when people do mystery packs, some are worth more and a lot are worth the buy price or less. If you get a pack that’s worth more you win. It’s basically a big gamble
The lot could easily have been given a CATALOG value of over $75, and still return a profit to the vendor. For example, a 1910P Lincoln cent in G4 condition has a catalog value of 36 cents. Will anyone pay that much? No. So throw some more early Lincoln cents into the lot. Maybe a few low-grade Indian cents, which have significant catalog value but don't really sell for that much. Your bulk coins that pile up in tubes are hard to sell, so throw them into the lot You're giving a fair value and getting rid of a bunch of bulk cents that nobody wants to buy from a dealer. No one's saying he has to throw in silver coins or slabbed coins.
I would assume if you read the sellers definition of what he was selling in the bag, you could make a reasonable determination as to whether you wanted to take a chance or not. If you couldn't make that determination comfortably, then don't buy it, maybe?
The seller claimed to have purchased these as a lot so you really don’t know how much they paid for everything. They could very well sell you $75 worth of coins in exchange for $75 and still be making profit. Had they sold the coins individually they would be sitting on stuff for a longer amount of time and would have to pay individual shipping costs and possibly listing fees.
Well, for example, let's say a dealer has a large collection which he paid $4,000 for. He won't want to spend the time sorting thru thousands of items, so he breaks it into 100 randomly sorted/selected grab bags which he sells for $75 each = $3500 profit
I have to admit that while I expect very poor results from mostly all grab bags/ blind estate lots bought through eBay, I’m intrigued and excited just to see what you’ll get. These grab bag videos you’re doing are fun and entertaining reveals for the community and hopefully cautionary for many as well. Another great video! Thank you!
@@rishigaming9708 if anyone tries to sell you "quarter pound of world coins unsorted1!!!!!11!!!!" its gonna be the same shit (mexican pesos, euros, and british pounds)
Back in the 60s my cousin made a tidy profit from doing this, the difference was they were truly bulk coins in a big bag and you had to sort them yourself. He said there was generally enough mid-range coins to cover the cost of the bag and a few really nice ones he either kept or sold.
i actually know him very well and he is not a scammer at all. most people are totally satisfied with their purchases from jeff because he always puts them first. most people that have a “bad” experience are people that are just starting out and don’t know what they are really looking at. jeff actually loses money on most of his coin lots
boobam he gives fake gold flakes, had them tested he gives like 25 wheat pennies in a lot , which is worth like 50c He sells 1lb of wheat pennies for 20$ when you can buy rolls for 3$ on eBay and the 1lb of pennies is 150 wheat pennies , another scam He sells graded coins “o that’s awesome only 10 bucks wow , you get 3 graded items” generally his graded items are worthless pennies , he also charges way to much for his silver
pretty sure 150 pennies is roughly a pound, mr coin collector. sold by the pound as bullion doesn’t seem like a scam at all. you haven’t said anything that makes me think he held you upside down and shook your money from your pockets. here’s a nickels worth of free advice.. no one gives someone something for nothing. you have to assume that all the people selling on ebay are doing it for some money. how do you make money selling max slabbed morgan’s in a $30 lot? does anyone really believe everything in a lot hasn’t been quadruple checked for anything awesome? you are buying someone’s leftovers when you buy a lot. and smearing an honest sellers name for giving you exactly what you paid for is just spiteful and the mark of a narcissist. you don’t mess with a mans income.
I want to thank you for making this. I've been curious about these grab-bags and have considered buying just to see if its worth it. Now I don't have to waste my money. Thank you.
You can catch good deals on collectibles on eBay, but not from collectible sellers. Random people selling for friends and family, selling stuff they inherited on and on.
I am not a gambler so I probably wouldn't pick up something like this but I definitely love watching your videos. Since I'm not a coin collector it's cool to see the variety and get to learn the value. Thanks again
50 years of libtards in control doing it wrong ! Don.t make it right ! !951 America lost its choice to pick a real person to represent You . And now we face a communist take over . Dumb libtards are going to cause the next civil war.
Seller took a 5 gallon jug of change to a Coinstar machine. He took all of the foreign coins and miscellaneous coins that were rejected and sold them as a grab bag
He bought it with the intent of making a RU-vid video so it was an investment for RU-vid and if it had actually been a profitable purchase that would have been an an added bonus.
I give those "1grain" of gold certificates away as stocking stuffers every Christmas. The kids love them, and you can get them for cheap on ebay. I usually pay $6-$7 with shipping included
I didn't think grab bags were supposed to cost 2x the price of the items at retail when sold separately. Like going to Sams and paying 50$ for a 48 pack of cokes.
This is why I don't sell on ebay anymore (have been a member since 1999) The seller literally gave you everything he advertised, and went WAYYYY above any beyond packing everything up. You can't expect to get your money's worth back out of something like this, as nobody would be stupid enough to include a "surprise" that was actually worth something notable. Complaining about 1 single item out of hundreds, which "may" have been misrepresented but in either case would not have been worth much if anything - just makes you an asshole. Hey, you asked.
I also sell and ebay and get what you are saying.. but the token was misrepresented though and the main reason he bought it... if I said but this crap and get a bonus item, the bonus item better be what it says or it is false advertising. if correctly advertised then I would agree with you 100%. nobody sells grab bags at a loss.
Andrew Boyer “Entertainment value” because their aimed at beginners, people not knowing much about coins and such. My first was when I just started regaining interest it was fun learning but in the end it was only worth it for me because of the learning and excitement.
He is a sneak thief. He buys in bulk from chineese dealers. The gold flakes arent even real it is tested as just gold paint chips. He will not return your money ether it's a scam
@@dontswin because they block all the people that give them negative feedback. Also he will not return your money he will only offer 15 percent off your next purchase wich he still makes out on and the buyer gets robbed yet again if they choose to go that rout
Solid video dude. Was entertaining. The thing about the grab bags (as you said early in the vid) there are tons of these for the respective hobby you're interested. They're around for people to offload their bulks to make money. Great for beginners if the price is right but just like in my world (magic cards) I stay well clear from these ebay lots. Thanks for the video :)
For me, as a beginning coin collector, I thought it was cool. As far as my budget, I could not afford to spend $150 on that. $75 tops. But I would assume, before purchasing, that who ever had the "hoard" already went through everything took the most expensive stuff out. Leaving some cool things, novelty items. In the end you should have known you would break even on the best day. Great video, I agree with your decision. I am new to the channel i will be subscribing. And I already hit like lol
I cannot stop laughing about when you were talking about your knife before using it to cut open the package cushioning lol smh thanks for the video and the great laugh again
Leatherman 'micra'. I've owned one for many years, it came with a leather sleeve/pouch, and lives in my pocket alongside a 'space pen', both still working well after 20 & 30 years respectively. Tools for life. ☺
Older stuff has mor historical value to me than money and enjoy little things like wheat pennies in my change and treasure them just like my expensive coins
I've mentioned it before, but I don't know why these types of dealers can't throw in hard-to-sell coins with significant catalog value. Like a cull early S-mint Lincoln that's dark and corroded. There's no point in keeping them to sell individually because no one will buy them. One could easily provide $200 in catalog value without really giving up even $50, and thereby protect oneself against returns to some extent. Common-date Indian cents and Liberty nickels, in F or VF condition, are hard to sell too. They're common as dirt and could be thrown in to these collections.
There are people who enjoy buying gold and silver. There are those that enjoy buying gold and silver with little concern to market value, those that have never endeavored to become an entrepreneur. The online auction market is a fast pace, almost predictable set of customers that seek authentic coins which hold numismatic value. We are buyers and sellers, from novice to veteran. It upsets me to see any credibility granted to a grab bag. How do people just have money to blow on these weak valued coins and currency? Also, the currency market is drying up FAST. Don't be deceived. Fiat currency is just paper. It represents a very temporary means to buy and sell. HARD currency I.E. Metals are Gold, Silver, Platnium, Rhodium, Paladium and even Copper, avoid premiums on copper. Long story short, be wise, research, learn the value of numismatic coins, keep up with demand, keep up with spot price and keep informing yourself on acquisitions made by big buyers. Stay one step ahead. It's hard enough to bust your ass out there to make a meager living, then invest poorly by purchasing bogus deals like this with no professional analysis. This guy isn't even questioning the validity and paying retail. Do your homework.
Sellers are in business to maximize profits. If you get something good to break even, consider yourself fortunate. If they were truthful, they'd write "Sucker" instead of "Grab Bag" on them. The same goes for "unsearched" rolls or penny rolls with silver dimes on the ends. They're ploys, gimmicks to rip ya off.
Only five minutes in, and it rather annoys me how much USPS Priority Mail boxes and envelopes they use. These are free for you to use to ship, they are using them as padding and not in their intended way. USPS used to offer free tape, but people abused this and we no longer get free tape. As somebody who uses these Priority boxes and envelopes regularry, it saddens me when people use these free products improperly because I will eventually have to pay for Priority boxes and envelopes due to people misusing them. Rant over, going to finish watching the video now.
Like honestly, I’ve seen about 15 of your videos and every single time you gave something good feedback was if it was something you’ve never seen before (and LOOKS legit) or if it’s a top notch kind of item. These grab bags aren’t gonna have $20 coins in it every single time because believe it or not the buyer wants to make some money as well. Now if you were a legit collector of coins you wouldn’t be doing these variety packs with no chance of getting anything slightly decent and you would go out and purchase individual items. You just have a very selfish mindset and need to appreciate things like damn...
He is only buying these to show new collectors and younger people not to spend their hard earned money on these lots. He just wants everyone to know that they are getting ripped off if they buy these. Great job exposing these scammers.
Harsh. Totally disagree, given that these videos are made at my expense for your entertainment and education. Who are you to say who is a "legit collector of coins?" The idea is to get more new people into the hobby, not keep it for a bunch of uptight old men. Seriously, lighten up
Seems to be a scam as they were individually wrapped, the person must have known the value before mailing it and sad to see a counterfeit token. I hope you get your money back.
I personally own a coin from c. 900-1000 AD and it's worth like $1. If a coin is mass-produced enough, it's too common to be worth anything regardless of age. The thing about coins is, they LAST.
I found one of those in a bargain bin once. It was plated copper, of course, and I knew that even as an 8-year-old. The dealer might have even given it to me. He'd sometimes throw in little things like that.
While that ebay offer may not be of great monetary value, to someone who’s just interested in a bunch of cool money from around the world, this is cheaper than flying to Mongolia, Venezuela, China, Belarus, etc. etc.
At least you received the item, eBay charged my credit card, never sent my grab bag and refused to answer several emails I sent to them. eBay is nothing but a huge rip-off.
@@hllywd5549 clearly you do not understand how to get a refund? ive never been messed about with ebay if the seller takes over 3 days to respond and you took out action against the seller you would get refunded instantly i hate people who shame ebay as a whole when they just do not know how to use it
I don't know why people expect great things from grab bags like these. Sellers obviously go through the material to see what's valuable and what's not, keep the good stuff, and sell off the rest.
These clearly aren't from a private collection. They buy lots and put together grab bags. Probably source from flee markets and inventory clearance from coin shops
Some of those values are wrong, from the 'full 1/4lb' which you value at $1, I spotted two British 50 pence pieces, which are still current. Those alone are $1.25
@@Silverpicker Those traders in US, considering the fact that those coins are cheap, are actually making a decent money out of this. In Poland for example you can buy a pack of 500 John Casimir coins for around 135$-140$. Delivery would cost around 60$. So for the price of 200$ they have items they will be able to sell for at least 500$ all together. Neat
Once in awhile if you have a good eye and they have clear pictures on eBay you can get some great deals on coins. I just bought a 1886 o Morgan Dollar for $200. Going to send it off to PCGS I think conservatively it is ms 62. Just got back a 1897 o from NGC that I paid $65 bucks from an eBay auction that was ending at 2am in the morning, came back au58
9:07 The top 2 are from the Constantine period. Both appear to be of the 'Emperor dragging captive' type. No idea about the 3rd below, but it's probably a Barbarous Radiate (ancient fake) of an antoninianus. Not worth much, I'm afraid.
Copy that ALL gold on ebay is fake . Go panning in a brook near you to find real gold its everywhere in the USA . But take's alot of time to retrieve it.
If i was the scammer, i would sent the first package worth of more than 75 usd. So people would think it is worth the risk and order a bunch of these packages, then i can send the crappiest coins to their second, third and maybe 50th order. This dude should read Scam 101
@@Silverpicker yah. I have about 5 of em. How do you buy larger bars without a huge premium? I am interested in buying a one ounce silver bar and an ounce is now worth $15. I can't find em for under $30
Jon Arbuckle check out modern coin mart, money metals exchange and others you’ll find on google. Mmex has a great first timers pack that isn’t a rip off. All of those exchanges especially if you call them while checking out their web pages will offer great “bargains” to get you in. I also got into the monthly investment on mmex where I put $100 into a gram of gold and balance silver, if you do that take the option to store in their vault with them sending it to you every three months to save on shipping.
Jon Arbuckle ur best bet is a local coin and silver dealer bc online if u by small quantities you pay extra and as well for debit card and PayPal so try to find a local dealer
I bought one once and would never do it again. Rule number one is know exactly what you are buying. I had reservations when I did it and should have listened to intuition.
I understand the sellers wanting to make a tidy profit but when the profit margin is so big it's obvious that it's pretty much a scam. Especially when they claim it's unsearched or some other such bs...
@@largespaghetti5215 I think it's because the USPS supplies the envelopes only for shipping items not as packing material. One USPS supplied package/box should be used per shipment. It's a small issue though and I'm sure it happens even with less scammy sellers.
I ordered a grab bag off of eBay and they never sent it. they charged my credit card and I've sent several emails only to be ignored. I would warn any consumer to avoid purchasing items such as these from eBay.
Well done, appreciate what you did. I have learned over the years of not so good purchases. Nothing major, no big losses on my part. I still like Ebay but, buyer beware, thanks to folks like yourself
