This is why I have been working on grading every one of my Morgan Dollars. I had held back a few of the key dates due to being either cleaned or in lower grade, but even an 1893-S with only VF details is better than a unauthenticated one sitting in a book. Sweet video. I enjoyed watching it.
Hi Rob. I agree. Not having them graded and authenticated means getting a much lower offer. It would have been tough to put a value on these as they were. We know it, but watching the video just reinforces how important authenication can be when it comes time to sell. Cheers!
Yea, TEMU sells a bunch of fake coins for dollars and they look really good. I have microscopes, scales, and multiple books that I try to use each time I go out and buy especially at a coin dealer.
I watch a LOT of resellers on TH-cam, but this channel and The Hoogs are the two I resonate with the most with BY FAR. A lot of other channels buy SOOO MUCH stuff that I personally would never waste my time buying and listing. Or they just overpay for stuff. Paying $6-$10 for something to sell it for like $24 (I see deals like that all the time) is just not the move. After fees and my time and energy…it’s just not worth it. Anyways, I like this channel because they know what is worth their time. Any other suggestions of channels that any of you guys like that have people who do REALLY well?
I did the same. When I was a kid, I collected coins, silver, gold… all kinds of precious metals. I used to find silver in change regularly back then. As a teenager, when I started partying, I sold off everything I had for money to party with. Now, I collect again. But man, do I wish I still had all that stuff I sold off.
A lot of those marked Mint state that have a dull look to the luster on the cheek and other high points or breaks in the kart wheel effect would come back details if graded. They have either been dipped or polish. Detail coin prices usually drop by a grade in value depending on how harsh the cleaning was. 9 grand seems safe though as long as there's no fakes on the key dates.
Hi PawnBroker Picker! Congrats on buying this collection! Determining the worth is always a challenge. Glad to see you were willing to work with this client! 😎
Honestly with this big of a collection he should of took it to a coin shop. They have Way more knowledge on the product and also give you way more closer to the price it’s worth.
yeah i know. last time i saw a complete morgan collection for sale it was 25k. This guy will probably triple his money. I dislike what he doing here, but as someone who wheels and deals i get the idea of trying to get the lowest price possible.
@@chrishoward7645 You are right about that the 1893S, 1889CC, 1894, 1885CC, 1879CC, 1881cc and 1880cc the list is more but just those are all under 750 minted. I do understand LCS they have to make money. I would have sold that online for much more just saying.
@@chrishoward7645 right? I'm kinda poor collector but I'd clear out my bank acct and stack to buy this for 10k. Is this collection not worth 20k+ easy?
If they are worth so much, isn't it strange that he didn't go to a coin shop first? No body goes to a Pawn Shop 1st thinking that is where the money is on speciality collectibles. Around my area, nobody pays out less than the Pawn Shops. Also, if he is a viewer of the channel, why blur out your face? The whole thing seemed sketch to me.
I can't even imagine owning a full album of Morgan Dollars, absolutely stunning! Just a heads up, you'll want to test the specific gravity of those coins in conjunction with that Basic/Original Sigma Metalytics PMV because 90% silver and some alloys have the similar resistivity which is the only test being performed with the Original PMV. The following words are directly from a Sigma Rep: "Whenever testing with the PMV Original, and especially when testing 90% silver, it’s critical to confirm the density of the sample in addition to the resistivity testing performed by the PMV." I felt the need to pass this information along so everyone using these machines to test their silver, is aware. I hate seeing people get ripped off with fakes. Sigma Metalytics have other models that will test specific gravity/density for you, but if you don't want to dish out the extra cash (these models are much more expensive), you can easily perform this test using a fairly accurate scale with a resolution of 1 mg or even 10 mg and distilled water (but it will be a long process lol). Hope this helps and great buy!
Thank your for sharing such "risk" information. Being a newbie to coins... well somewhat, I inherited my late father's coin collection, that I received many years ago, but have started going through them and reminiscing the memories of my father pulling out his chest of coins and sharing the history with myself and my 8 siblings. I personally love the "old silver" coins because of their beauty in design. After perusing many YT videos and researching online, I'm learning that there's more to the beauty of a coin... which is quite fascinating. There are no coin shops here on island, so I'm constantly online researching each coin that I find curious. Thank you for sharing your wealth of knowledge... take care.
Hey we should grab a beer. Inherited a set. NOTHING like that but 1 high dollar coin (I work for a living so their hidollar runs right past mine) it would probably be 3400 to finish it with same mid level look. Anyways. Thx uncle bobby.
Very interesting video! That was an impressive collection, consisting of some rare/key dates, including the 1893-S, but a significant number of those coins were cleaned, some harshly so, and would not be straight graded by PCGS. I thought your offer of 9K was a very fair one, especially with the caveat that if you could command a lot more for a few of the toughest dates, that would add to the purchase price.
A lot of those Morgan’s were over graded. Some were cull, and others were fine to ef yes. Key dates were in lower grade, but still have value. The collection though was not worth near that which he was asking.
wrong, the seller purposefully visited a pawn shop knowing that they are not experts at spotting fakes...a couple of the key date coins are not real....seller was semi-shady
Hi Anarchist Greg! Yes, I would never do this, as the coins could be cleaned. At the same time, this is the business local coin shops are in. The dealer can grade them and make a mint on these coins, they also know exactly what they are looking at. They can estimate the grade better than anyone.
If I was a dealer I wouldn't even go off of grading with that many coins. If your buying in bulk its at face value for whatever dollar Morgan's go for at the time.
First time on your channel. Looking for an honest seller to purchase silver coins from and I was very impressed with your upfront negotialtions and forthright commitment. I look forward to visiting your site and purchasing some coins.
I think the 93s was originally a good one but replaced by a fake by the sly guy selling it...he was trying to fix his own mistake. Just an opinion but we have been coming across too many fakes the past 4 years.
I'm glad I came across this. This proves why I feel grading is soo important. There is a huge amount of fake morgans, people often over grade their own coins. If you have a collection like this "Graded" then you're better off. You'll get closer to the amount it's worth cause it's guaranteed to be at least that grade. Sure grading is subjective and everyone has their opinion on grades, but it's also protecting your investment.
Nice video, you, and your partner definitely seemed as concerned as I would be concerning the collection. I think you, and your partner handled it in a fair way knowing the possible risk you were taking. If everything turns out you all made a great buy. Best to you all.
The 1893 and 1895 you don't have to find a buyer the buyer will find you and will pay a nice amount for it. Also the same with alot of the Carson City's. This was such a steal I would of paid him the 10k immediately.
Hello from Russia. A good deal, as I understand it, we agreed on a decent amount for such albums of Morgan's dollars. Interestingly, some coins are in normal condition, and others are stamped MS-level, which, having been given for licensing, can then be sold much more expensive piece by piece. It's a pity to break up such a collection, but given the different state of the coins and the desire to sell, everything is clear. We collect more seriously, if the weather of coins of the USSR or the Russian Empire, then ten thousand dollars will not be enough from the word at all. This is conditionally 900 thousand rubles, not a little of course, but some royal coins are more expensive than this amount. Good luck and come visit to see the new banknotes of Russia.
For kicks I take valuable items to pawn shops and get their ridiculously low ball offers and tell them I will be back the next day. Those Carson city Morgan's are my favorite baits.
Silver coins are a great way to expose your portfolio to the metal. I bought a sack of silver dollars many years ago and then sold them what I needed the cash. Thanks for sharing your very interesting experiences with silver coins.
I'd personally be extremely leery of someone bringing such a collection of 'presumably' valuable Morgans to a 'pawn shop' rather than first trying to sell those coins to true experts who routinely deal with such coins every day! Nothing against pawn shops. I'm just smelling a rat who knows better than to try and sell these things to anyone who truly knows how to properly grade and price them! Perhaps they are actually what the seller claims them to be, but probably not. Valuable coins are rarely found bound in silly books like that, at least not by intelligent owners/collectors. Valuable coins are typically graded and properly housed within nice cases that proudly display the name of the grader and also the details of the coin. There's also the chance that they are 'exactly' what the seller claims... but also 'stolen' and "hotter than a two-dollar pistol"!!!
The seller knew a few things about Morgans , so might be hot if he went there instead of trying the coin shops first , Like don,t take the albums there , take a few with and grade some higher end ones to prove that they are real to anyone with questions . . To me who ever had these seems odd that they kept the real good ones together like that to be touched by greasy hands and or dropped and dent them up on a hard surface it,s odd . I have some and I know about grades , like the 1895 O there if it,s not in ms state it,s like $800 , but if it jumps to ms 60 it,s 20 grand but if cleaned then half of that also , hey but good luck with them hope all works out for you guys !, cheers!
i totally agree with you, he purposefully came to "dump" this collection to a pawn shop so that the collection wouldn't be fully scrutinized....many looks dull and cleaned, i would've only offered him $5,000 take it or leave it, never would've paid him $9,000 cash too risky
SUB added, hope I’m entered for that giveaway. Outside of that , some of those definitely looked tooled, cleaned, and one even had a counterfeit look on it. On the other hand one of those rarities you hit could be worth the whole cost of doing business. Great breakdown for new collectors. ALSO, REMEMBER DONT BUY THE GRADE BUT THE COIN, EVEN IN SLABS. Grading is also extremely subjective
I know some are so nice that I think they deserve a second chance, and some look like crap and grated ms high , I risked one older 1878 , 8 tail feathers graded ms 65 PL and it came back as a 67DMPL grade , that,s a treasure i got it pretty high price to begin with , but at that grade sky is the limit , sometimes it,s worth getting a second opinion if you think it,s under and not fair to the coin , well good luck to all , Cheers!
This guys story of how he got these seems very shady. Glad to see you putting them on the laser to test metal content. Morgans range incredibly widely in price. Having cleaned coins labeled mint state is a huge red flag in general on whoever gave these coins their amateur grading . There are 3 categories of Morgans according to the greysheet. Those with mirror finishes and frosted edges being worth the big money. (these look like proof set coins.) I cant say whether this was a good buy or not at 9 grand. Without grading, its a risk. Be careful with the words of morgan collectors. They all think themselves as experts. The price they pay for fakes is why fakes exist. For some of these key dates, there are probably more fakes than real circulating in the coin trade.
I concur. Most collectors want stabbed and graded for the ones over $500 in value. Also, too many cleaned here. And the CCs seem to all be about the same average circulated...them looking the same is a red flag as far as authentication
I would have given him a 5k deposit for 24 hrs. Spent that time to get them authenticated by a professional, then offered him the equivalent after the 24 hrs.! 9k right out of the gate is to much risk without research!!😮
Great video. There are collectors who collect coins for the enjoyment of the hobby. Certainly authenticity is important. But it's the hunt, not the monetary aspect that drives some collectors. And most graders and their subjective inconsistencies drive me crazy anyway. Frankly, I like raw coins more than graded coins. In my Morgan collection alone, the ratio is about 20 to 1. I love the tactile feel of coins, and thinking about the history of their journey along the way. Thanks!
I been watching your videos and understanding the process from garage sale and you resell the product to walk in customer or selling through eBay ! Learning from you the packing and sending purchase product keep up the good work ! Great pawn store
I enjoy your show on TV you have very much knowledge of everything that come through the door you and your dad are doing an absolutely amazing work keep up the good work and thank you for letting me see your show
I have a bicentennial quarter with dye errors on the date and letters plus a major dye error on the drummer boys arm , i cant find it anywhere else on any website and it is for sure a dye error ! what do dye errors go for on the bicentennial quarters?
Love it I consult for multiple pawn shops in the area I'm the only certified geologist, Lapidarist, and gemologist in the area. They all know I hate white diamonds and don't call me for them but it is the rare gems specimens and high end gems that they want to know treatments lab natural etc. And unless it comes with a GIA certificate don't expect anything more then metal price except some white diamonds but most are just the metal pricing that pawn stores pay. I will also get called if someone is asking extremely high pricing on Jewelry because of maker etc. And to be honest there is plastic Jewelry that's easily $10,000.00 and diamonds and gold that are $500.00. Very few pawn shop actually have a actual certified gemologist on staff truthfully very few Jewelry stores do ether. So I spend a day a month at different stores picking out gems telling them what to send to his to get graded and what to just sell. I don't give prices they fluctuate just like precious metals but the information I give they can easily look up the current value. The average grading price is around $300 just under actually and if less then $5000.00 sale price you don't spend money on the gia, or agi, the gie grading.
Hey, just swung by the pawn shop this afternoon to check it out cus I was in the area. Hopefully next time you’re there so I can meet you and look forward to winning a giveaway!!
Assuming the composition of the metal in a Morgan dollar coin is almost uniformly distributed, the density of the coin should remain constant, despite wear and tear. Hence, by determining the volume of a brand-new Morgan dollar and comparing it to the volume of the old, worn one, we can establish a volume ratio. This volume ratio can then be multiplied by the original weight of the brand-new coin to approximate the current weight of the worn coin, accounting for any volume lost due to wear. The formula for the volume ratio can be stated as follows: Volume Ratio = Volume of the Worn Coin / Volume of the Brand New Coin The approximate current weight of the worn coin can then be calculated as follows: Weight of Worn Coin ≈ (Volume Ratio) * (Original Weight of Brand New Coin) A straightforward way to measure the volume of the coin is by using a method called water displacement, where the coin is submerged in a known volume of water and the increase in water level represents the volume of the coin. This method is particularly accurate when precise measurement equipment, like those found in a laboratory, is used. This is a fundamental idea and there could be various tools and techniques available to refine the measurements further. I will need to do more research to explore these. I came up with this idea while watching this video although I suspect there might be simpler methods already in practice. Can anyone confirm if this approach is already in use, or provide any further insight?
hello i just dont know where it come from but ive just started collecting silver coins. never done it before. but after watching youre videos i find it fascinating. i got over 30 coins now i want too buy gold maybe 1 day if i win the lottery lol. i drive buses in the UK have done 32 years see a lot of coins there so beutiful in silver i waiting on my canadian maple leaf. just thanks guys 4 doing this channel i love it from a complete beginner
You’re absolutely right about the grading one person’s grade doesn’t mean it’s the same for other people it’s how you see the coin as well as your expertise behind the grading
I don't know if my comment got through I hit enter accidentally but it was not finished. I mentioned been there done that not coins though never did gain momentum I ended up with garage and 2 rental units full of buying not enough selling. Kudos to you and lots of luck with the coins at the convention. I'll still be a loyal fan.
Someone neede to tell the gentleman selling those morgans that there's no such thing as a worthless morgan, LOL. I cringed when he said, "this one's not worth anything".....
Nice collection I did notice though when you were scanning over them I was looking for the cart wheeling effect of the coins and a lot did seem to be cleaned. good luck!
This is why I have been working on grading every one of my Morgan Dollars. I had held back a few of the key dates due to being either cleaned or in lower grade, but even an 1893-S with only VF details is better than a unauthenticated one sitting in a book. Sweet video. I enjoyed watching it.
Hi Rob. I agree. Not having them graded and authenticated means getting a much lower offer. It would have been tough to put a value on these as they were. We know it, but watching the video just reinforces how important authenication can be when it comes time to sell. Cheers!
Any morgan roll hunts coming? 😅
Thanks for stopping by Rob. We love your channel. 👍
How much does it cost to get them graded?
@@boomn216 For these coins, you're looking at 30-40 dollars per coin on average.
I bought 10 fake Morgans a while back, got to be real careful, love your content man, nice to see there's still integrity in this world
you should post a video close up of them, would definitely help the hobby to identify yhem
Yea, TEMU sells a bunch of fake coins for dollars and they look really good. I have microscopes, scales, and multiple books that I try to use each time I go out and buy especially at a coin dealer.
Did you weigh them.
I watch a LOT of resellers on TH-cam, but this channel and The Hoogs are the two I resonate with the most with BY FAR.
A lot of other channels buy SOOO MUCH stuff that I personally would never waste my time buying and listing. Or they just overpay for stuff. Paying $6-$10 for something to sell it for like $24 (I see deals like that all the time) is just not the move. After fees and my time and energy…it’s just not worth it.
Anyways, I like this channel because they know what is worth their time.
Any other suggestions of channels that any of you guys like that have people who do REALLY well?
Craigslist hunter is a good channel
Looking forward to hearing the verdict on the MORGAN purchase
It kills me that my grandmother worked as a waitress and handed me stacks and stacks of silver as a kid and I pissed it all away as a teenager
me too! as a paperboy i had loads of silver of which i could not wait to trade for the new coins!
I did the same. When I was a kid, I collected coins, silver, gold… all kinds of precious metals. I used to find silver in change regularly back then.
As a teenager, when I started partying, I sold off everything I had for money to party with.
Now, I collect again. But man, do I wish I still had all that stuff I sold off.
Me too
Same. Gold as well. Now I'm into coins and precious metals. Seems to be a common occurrence. Lol
^ morons 😂
A lot of those marked Mint state that have a dull look to the luster on the cheek and other high points or breaks in the kart wheel effect would come back details if graded. They have either been dipped or polish. Detail coin prices usually drop by a grade in value depending on how harsh the cleaning was. 9 grand seems safe though as long as there's no fakes on the key dates.
Details coins can be worth only half of retail.
Hi PawnBroker Picker! Congrats on buying this collection! Determining the worth is always a challenge. Glad to see you were willing to work with this client! 😎
Some of those on the close up certainly looked cleaned/tooled etc. but overall amazing pick up. What a collection!
Please Man I hope I can win sometime. I am in great dificult. But is my own personal bills. I hope some day win something. God Bless you Man.
Most look cleaned
As a collector, I enjoyed this show. You know your stuff and are welling to share you knowledge.
Honestly with this big of a collection he should of took it to a coin shop.
They have Way more knowledge on the product and also give you way more closer to the price it’s worth.
Yep another dope
As a Morgan collector, what a steal.
yeah i know. last time i saw a complete morgan collection for sale it was 25k. This guy will probably triple his money. I dislike what he doing here, but as someone who wheels and deals i get the idea of trying to get the lowest price possible.
@@chrishoward7645 You are right about that the 1893S, 1889CC, 1894, 1885CC, 1879CC, 1881cc and 1880cc the list is more but just those are all under 750 minted. I do understand LCS they have to make money. I would have sold that online for much more just saying.
@@chrishoward7645 right? I'm kinda poor collector but I'd clear out my bank acct and stack to buy this for 10k. Is this collection not worth 20k+ easy?
I have a few ungraded
If they are worth so much, isn't it strange that he didn't go to a coin shop first? No body goes to a Pawn Shop 1st thinking that is where the money is on speciality collectibles. Around my area, nobody pays out less than the Pawn Shops. Also, if he is a viewer of the channel, why blur out your face? The whole thing seemed sketch to me.
I’m 78 years young, and I love your show
If he wanted top dollar get them all graded or at least top coins
I can't even imagine owning a full album of Morgan Dollars, absolutely stunning! Just a heads up, you'll want to test the specific gravity of those coins in conjunction with that Basic/Original Sigma Metalytics PMV because 90% silver and some alloys have the similar resistivity which is the only test being performed with the Original PMV. The following words are directly from a Sigma Rep:
"Whenever testing with the PMV Original, and especially when testing 90% silver, it’s critical to confirm the density of the sample in addition to the resistivity testing performed by the PMV."
I felt the need to pass this information along so everyone using these machines to test their silver, is aware. I hate seeing people get ripped off with fakes. Sigma Metalytics have other models that will test specific gravity/density for you, but if you don't want to dish out the extra cash (these models are much more expensive), you can easily perform this test using a fairly accurate scale with a resolution of 1 mg or even 10 mg and distilled water (but it will be a long process lol).
Hope this helps and great buy!
Bro u watch these guys too lol... my man
Just seeing this now. Now I got to check to see if you've had any updates on this yet. Love the content. Cheers!
Please keep us updated on these coins! It’s fascinating!
Thank your for sharing such "risk" information. Being a newbie to coins... well somewhat, I inherited my late father's coin collection, that I received many years ago, but have started going through them and reminiscing the memories of my father pulling out his chest of coins and sharing the history with myself and my 8 siblings. I personally love the "old silver" coins because of their beauty in design. After perusing many YT videos and researching online, I'm learning that there's more to the beauty of a coin... which is quite fascinating. There are no coin shops here on island, so I'm constantly online researching each coin that I find curious. Thank you for sharing your wealth of knowledge... take care.
Hey we should grab a beer. Inherited a set. NOTHING like that but 1 high dollar coin (I work for a living so their hidollar runs right past mine) it would probably be 3400 to finish it with same mid level look. Anyways. Thx uncle bobby.
Awesome pick! Looking forward to seeing the final results!
You guys are the most honest guys in the trade!! I've been selling scrap & coins here in CT for years and all I can say is I wish you were closer!!
Very interesting video! That was an impressive collection, consisting of some rare/key dates, including the 1893-S, but a significant number of those coins were cleaned, some harshly so, and would not be straight graded by PCGS. I thought your offer of 9K was a very fair one, especially with the caveat that if you could command a lot more for a few of the toughest dates, that would add to the purchase price.
A lot of those Morgan’s were over graded. Some were cull, and others were fine to ef yes. Key dates were in lower grade, but still have value. The collection though was not worth near that which he was asking.
yes it seemed shady to me
The Morgan Collection should have been taken to a reputable coin shop. Would have gotten a better deal.
wrong, the seller purposefully visited a pawn shop knowing that they are not experts at spotting fakes...a couple of the key date coins are not real....seller was semi-shady
Good video and your shop seems to be fair and reasonable. Nice to know there are still honest pawn shops!
Trusting someone off the street like that is insane, especially with Morgans. I would have told him to get them graded and then come back.
Hi Anarchist Greg! Yes, I would never do this, as the coins could be cleaned. At the same time, this is the business local coin shops are in. The dealer can grade them and make a mint on these coins, they also know exactly what they are looking at. They can estimate the grade better than anyone.
NO! being a dealer you know when a buy is the right move. graded coins have little value. unless coin is BIG money.
If I was a dealer I wouldn't even go off of grading with that many coins. If your buying in bulk its at face value for whatever dollar Morgan's go for at the time.
@@yahheh1957 Well, now we know how this one turned out! 😎At lease PawnBroker Pickers didn't lose too much on this collection!
@@davidgomez5116that's why you'd probably a dealer with no inventory
Really nice collection of Morgan's! A couple looked like they may have been cleaned? Always learning from you gents! Thanks!
As a coin collector I think you did really well. Awesome pickup 👍
First time on your channel. Looking for an honest seller to purchase silver coins from and I was very impressed with your upfront negotialtions and forthright commitment. I look forward to visiting your site and purchasing some coins.
A lot of cleaned coins there
Deteriorates The Value People Shouldn't Clean Their Coins!
looked a bit over grade, but grading is subjective, seen an expert send back coins and actually receive a higher grade by a member of my old coin club
I think the 93s was originally a good one but replaced by a fake by the sly guy selling it...he was trying to fix his own mistake. Just an opinion but we have been coming across too many fakes the past 4 years.
Interesting collection, will be waiting for the FUN show results👍🏻
I really like you and your Daddys how honest yall are!
I'm glad I came across this. This proves why I feel grading is soo important. There is a huge amount of fake morgans, people often over grade their own coins. If you have a collection like this "Graded" then you're better off. You'll get closer to the amount it's worth cause it's guaranteed to be at least that grade. Sure grading is subjective and everyone has their opinion on grades, but it's also protecting your investment.
Great videos. Great getting to meet you today at Summer FUN!
Extremely informative video and you should be applauded for this educational video!!! I can't wait to see the results!!!
I was a coin collector as a kid and still love it. Littleton Stamp and coins
Nice video, you, and your partner definitely seemed as concerned as I would be concerning the collection. I think you, and your partner handled it in a fair way knowing the possible risk you were taking. If everything turns out you all made a great buy. Best to you all.
First time I found your video. I really appreciated the honesty from both of you. I enjoyed and subscribed.
You have know Idea of what you are talking about. Please do us all a favor, and don’t vote next election !!!
The 1893 and 1895 you don't have to find a buyer the buyer will find you and will pay a nice amount for it. Also the same with alot of the Carson City's. This was such a steal I would of paid him the 10k immediately.
agree. I have 10k but should not be spending it all on coins or anything else for that matter and I would have jumped to buy this.
U would've been disappointed then because the 1893 is fake along with one of the other key date coins
@@silverking8742 Yea I seen that. There was still money to be made though.
Hello from Russia. A good deal, as I understand it, we agreed on a decent amount for such albums of Morgan's dollars. Interestingly, some coins are in normal condition, and others are stamped MS-level, which, having been given for licensing, can then be sold much more expensive piece by piece. It's a pity to break up such a collection, but given the different state of the coins and the desire to sell, everything is clear. We collect more seriously, if the weather of coins of the USSR or the Russian Empire, then ten thousand dollars will not be enough from the word at all. This is conditionally 900 thousand rubles, not a little of course, but some royal coins are more expensive than this amount. Good luck and come visit to see the new banknotes of Russia.
For kicks I take valuable items to pawn shops and get their ridiculously low ball offers and tell them I will be back the next day. Those Carson city Morgan's are my favorite baits.
haha nice
Silver coins are a great way to expose your portfolio to the metal. I bought a sack of silver dollars many years ago and then sold them what I needed the cash. Thanks for sharing your very interesting experiences with silver coins.
I'd personally be extremely leery of someone bringing such a collection of 'presumably' valuable Morgans to a 'pawn shop' rather than first trying to sell those coins to true experts who routinely deal with such coins every day! Nothing against pawn shops. I'm just smelling a rat who knows better than to try and sell these things to anyone who truly knows how to properly grade and price them! Perhaps they are actually what the seller claims them to be, but probably not. Valuable coins are rarely found bound in silly books like that, at least not by intelligent owners/collectors. Valuable coins are typically graded and properly housed within nice cases that proudly display the name of the grader and also the details of the coin. There's also the chance that they are 'exactly' what the seller claims... but also 'stolen' and "hotter than a two-dollar pistol"!!!
The seller knew a few things about Morgans , so might be hot if he went there instead of trying the coin shops first , Like don,t take the albums there , take a few with and grade some higher end ones to prove that they are real to anyone with questions . . To me who ever had these seems odd that they kept the real good ones together like that to be touched by greasy hands and or dropped and dent them up on a hard surface it,s odd . I have some and I know about grades , like the 1895 O there if it,s not in ms state it,s like $800 , but if it jumps to ms 60 it,s 20 grand but if cleaned then half of that also , hey but good luck with them hope all works out for you guys !, cheers!
i totally agree with you, he purposefully came to "dump" this collection to a pawn shop so that the collection wouldn't be fully scrutinized....many looks dull and cleaned, i would've only offered him $5,000 take it or leave it, never would've paid him $9,000 cash too risky
I personally would be very leery taking a coin collection to a pawn shop. Walking through that door you must know you will be ripped off. 😂
Nobody is taking a legit, problem-free 1893-S to a pawn shop. NOBODY.
@@jeffw1267you don’t know how truly broke people are these days
Love the content man, keep it up!
SUB added, hope I’m entered for that giveaway. Outside of that , some of those definitely looked tooled, cleaned, and one even had a counterfeit look on it. On the other hand one of those rarities you hit could be worth the whole cost of doing business. Great breakdown for new collectors. ALSO, REMEMBER DONT BUY THE GRADE BUT THE COIN, EVEN IN SLABS. Grading is also extremely subjective
I know some are so nice that I think they deserve a second chance, and some look like crap and grated ms high , I risked one older 1878 , 8 tail feathers graded ms 65 PL and it came back as a 67DMPL grade , that,s a treasure i got it pretty high price to begin with , but at that grade sky is the limit , sometimes it,s worth getting a second opinion if you think it,s under and not fair to the coin , well good luck to all , Cheers!
My brother had a coin collection back in the 70s 80s. I was hooked but ended up in the Baseball card realm. Good learning video. Hands-on is best.
This guys story of how he got these seems very shady. Glad to see you putting them on the laser to test metal content. Morgans range incredibly widely in price. Having cleaned coins labeled mint state is a huge red flag in general on whoever gave these coins their amateur grading . There are 3 categories of Morgans according to the greysheet. Those with mirror finishes and frosted edges being worth the big money. (these look like proof set coins.) I cant say whether this was a good buy or not at 9 grand. Without grading, its a risk. Be careful with the words of morgan collectors. They all think themselves as experts. The price they pay for fakes is why fakes exist. For some of these key dates, there are probably more fakes than real circulating in the coin trade.
I concur. Most collectors want stabbed and graded for the ones over $500 in value.
Also, too many cleaned here. And the CCs seem to all be about the same average circulated...them looking the same is a red flag as far as authentication
I agree. The source was shady. He even admitted that they had probably been taken from an estate in an illegitimate way. I did not like this deal.
Great video as always.... I learn so much watching your dealings with people.
I would have given him a 5k deposit for 24 hrs. Spent that time to get them authenticated by a professional, then offered him the equivalent after the 24 hrs.! 9k right out of the gate is to much risk without research!!😮
Great video. There are collectors who collect coins for the enjoyment of the hobby. Certainly authenticity is important. But it's the hunt, not the monetary aspect that drives some collectors. And most graders and their subjective inconsistencies drive me crazy anyway. Frankly, I like raw coins more than graded coins. In my Morgan collection alone, the ratio is about 20 to 1. I love the tactile feel of coins, and thinking about the history of their journey along the way. Thanks!
All pawn shops are crooks.
Yes they are👊🇺🇸
Must be a need,they exist.
Such an awesome collection, love seeing all these old gold and silver collections.
I been watching your videos and understanding the process from garage sale and you resell the product to walk in customer or selling through eBay ! Learning from you the packing and sending purchase product keep up the good work ! Great pawn store
Thanks for the info on the coin show. Great content keep it coming!!!!!
Some of them are beautiful and others, being cleaned... breaks my heart! great pick up!
i like how these sellers are like "i don't think you'll have a problem finding a buyer". Ask them - so why are you here trying to sell it to me?
Nice pickup, I'll be curious to find out when you end up getting for that collection.
Interesting videos! What I like about is you show respect to who are talking to! Not once have seen you rude during transactions! Thank you for videos
I just came across this channel and I definitely will be watching weekly
great pod cast ,thanks for the info .
Super dope collection. Cant wait to have a collection like that in the future.
Keep up the content ✌️
I enjoy your show on TV you have very much knowledge of everything that come through the door you and your dad are doing an absolutely amazing work keep up the good work and thank you for letting me see your show
You all are some very honest people, I would probably have the one coin in question graded and put it in Heritage Auctions.
I have a bicentennial quarter with dye errors on the date and letters plus a major dye error on the drummer boys arm , i cant find it anywhere else on any website and it is for sure a dye error ! what do dye errors go for on the bicentennial quarters?
Great video. I agree can be very risky. Glad you are taking to the show. I think that will clear up alot of questions. Can't wait to see the outcome.
That was awesome to see what looks like a complete set. Awesome video, thanks
I have just started watching the video . and I am glad to find your channel I really like it . keep the video coming.
Love the way you broke down in all honesty the hesitation on buying these coins especially this heavy handed on that paper.
Just liked, subscribed and commented! Ive watched a few of your videos and thought I was already subbed.
It's so crazy you have to check for counterfeit mint marks. Great video and I learned something :)
Love it I consult for multiple pawn shops in the area I'm the only certified geologist, Lapidarist, and gemologist in the area. They all know I hate white diamonds and don't call me for them but it is the rare gems specimens and high end gems that they want to know treatments lab natural etc. And unless it comes with a GIA certificate don't expect anything more then metal price except some white diamonds but most are just the metal pricing that pawn stores pay. I will also get called if someone is asking extremely high pricing on Jewelry because of maker etc. And to be honest there is plastic Jewelry that's easily $10,000.00 and diamonds and gold that are $500.00. Very few pawn shop actually have a actual certified gemologist on staff truthfully very few Jewelry stores do ether. So I spend a day a month at different stores picking out gems telling them what to send to his to get graded and what to just sell. I don't give prices they fluctuate just like precious metals but the information I give they can easily look up the current value. The average grading price is around $300 just under actually and if less then $5000.00 sale price you don't spend money on the gia, or agi, the gie grading.
Hey, just swung by the pawn shop this afternoon to check it out cus I was in the area. Hopefully next time you’re there so I can meet you and look forward to winning a giveaway!!
I love Morgan's. Awesome collection you bought there.
I've never personally got to see a pretty much complete morgannset, I would of been honored to even get to see and hold those !
Godbless
Assuming the composition of the metal in a Morgan dollar coin is almost uniformly distributed, the density of the coin should remain constant, despite wear and tear. Hence, by determining the volume of a brand-new Morgan dollar and comparing it to the volume of the old, worn one, we can establish a volume ratio. This volume ratio can then be multiplied by the original weight of the brand-new coin to approximate the current weight of the worn coin, accounting for any volume lost due to wear.
The formula for the volume ratio can be stated as follows:
Volume Ratio = Volume of the Worn Coin / Volume of the Brand New Coin
The approximate current weight of the worn coin can then be calculated as follows:
Weight of Worn Coin ≈ (Volume Ratio) * (Original Weight of Brand New Coin)
A straightforward way to measure the volume of the coin is by using a method called water displacement, where the coin is submerged in a known volume of water and the increase in water level represents the volume of the coin. This method is particularly accurate when precise measurement equipment, like those found in a laboratory, is used.
This is a fundamental idea and there could be various tools and techniques available to refine the measurements further. I will need to do more research to explore these. I came up with this idea while watching this video although I suspect there might be simpler methods already in practice. Can anyone confirm if this approach is already in use, or provide any further insight?
Would love a follow up to this collection. Very nice collection but brave taking that gamble. Goodluck
Another strong vid. Channel is gonna get big, keep it up
My first time watching! Great job very informative
Nice book of coins, some looked cleaned to me. Great video thanks !
Hello from Marion North Carolina Love the Morgan silver Dollars love the video thanks for sharing
Wish we had shops like yours here. Great collection as far as I can see
The realest coin shop owner ever Nice collection I would definitely send them in to get graded especially the Carson cities
Like the show, very useful information on grading. What grading company do you recommend for coin grading (Morgan Silver Dollars).
Curious if there has been an update on this collection? Would love to know how it ended up
hello i just dont know where it come from but ive just started collecting silver coins. never done it before. but after watching youre videos i find it fascinating. i got over 30 coins now i want too buy gold maybe 1 day if i win the lottery lol. i drive buses in the UK have done 32 years see a lot of coins there so beutiful in silver i waiting on my canadian maple leaf. just thanks guys 4 doing this channel i love it from a complete beginner
You’re absolutely right about the grading one person’s grade doesn’t mean it’s the same for other people it’s how you see the coin as well as your expertise behind the grading
Love this channel! I collect so this is really a big info on coins! Thanks guys!
First time watching. Awesome video
First vid, definitely subscribed! 👍
Love watching you guys so much knowledge
Glad i found this channel. Love old coins!!!!
I don't know if my comment got through I hit enter accidentally but it was not finished. I mentioned been there done that not coins though never did gain momentum I ended up with garage and 2 rental units full of buying not enough selling. Kudos to you and lots of luck with the coins at the convention. I'll still be a loyal fan.
That is really hard to determine the value - agree 100% with the shop.
Man what a big purchase! Hope all goes well. Some of those are really gorgeous with the Toning 🤤
Just started watching your TH-cam today.....enjoyable.
Just stumbled upon your video, Very interesting , Have no clue about this so its an educational moment for me Good luck and thanks for sharing.
Someone neede to tell the gentleman selling those morgans that there's no such thing as a worthless morgan, LOL. I cringed when he said, "this one's not worth anything".....
Good luck on the Morgan collection purchase. First time watching your videos.
I hope you do a follow up on these coins . Taking them to the show is a good thing . You never can be to careful .
Nice video! Looking forward to more!!!
Nice collection I did notice though when you were scanning over them I was looking for the cart wheeling effect of the coins and a lot did seem to be cleaned. good luck!
New subscriber! Awesome video, appreciate you sharing. 👍