Thanks for the reminder's, Daniel. I have been a collector for over 40 years off and on. Well back in to it hot and heavy. Thanks for sharing. Take care.
Excellent info, I even got a silver round album. It's nice because they're easier to look at...and show off. I've heard people bash having your coins in an album. But, they're mine, and I don't plan to sell anytime soon, so why not enjoy them!!! Keep doing what you do👍
Anyone that seems to know what they’re talking about has told me, when collecting coins focus on typesets, date runs, key dates etc.. the more coins you can pair the more valuable your collection will be.
Thank you, Daniel...this video hit the nail on the head! That is exactly where I’m at...no folders, or album, just an accumulation of coins in tubes sorted by dates. Looking online for albums if that’s a better choice then folders. Thanks again for all your help!❤️
Whether one is a beginner collector or somewhere in between being a collector, this is very helpful information. I am unanimous in this. Lol Thanks for helping me stay motivated. I’ve been trying to figure out how to move from an accumulation of coins to a collection of coins. This video gave some good pointers. Thanks again my friend. Happy New Year...
Number 1 is definitely one of the biggest. (For UK coin collectors - that means George V pennies with George V pennies, sorted by date, Heaton and Kings Norton in the right spots...)
Thank you Daniel! Your videos are of tremendous help. I have gotten so many ideas and so much knowledge from you! I love your channel. KEEP UP THE GREAT JOB!!!
Love watching videos of yours again. Seeing this reminded me to yell you thank you again. All those coins for my type set were amazing, and a few that were to old made me get a 18th and 19th century type books. You went above and beyond what I paid for. Thanks soooooo much daniel
Good common sense info, Daniel!! Thankyou!!🍵 It does sadden me to think about a dealer ripping my album collections apart to sell the coins individually!😟 Continuing to hope my little grandson will turn out to be a collector for me to pass them on to!
For what it is worth, you might want to rethink about passing your collection down. The reason is, I'm sure the grand majority of your learning was through trial and error, in accumulating your collection. (Like many of us). Pass along your wisdom and what you have learned, but let your grandson start fresh. He would probably be more likely to stick with the hobby. Just something I have learned from others, through the years.
Though I am far past "archeological significance" age, I still have quite a few years to go and share my collector knowledge with my grandson. I am already helping him start his own collection before there's any thought about turning mine over.
Another way to increase the value of your coin collection is to be picky and buy quality coins to start with. If you are collecting Morgan dollars, for example, you only buy coins with strong strikes and attractive luster. Paying extra for attractive luster is risky and if it has ugly toning you can hold out for better coins. THEN you look at the marks and decide whether the coin is fairly graded, overgraded, or undergraded. You simply avoid problem coins even if they are offered at a small discount. Obviously if a problem coin is normally worth $100, and you can buy it for $25 and sell it for $75, then do it. But for the coins you want to keep, you don't skimp on quality.
I'm going to put together a submission and go for ANACs 10 for 107$ thing when they have it going. I have one coin that's a lower grade that I want graded just because it's for my own collection, but I know when getting coins graded, the more coins you send in, the lower amount you pay overall per coin. I have had a few coins put CAC stickers on them so far. I finally got a membership last year. They normally have a membership, they let me in due to me being a veteran. Having served in the military does have its benefits. I even believe I am a better person overall due to my service. Thank you for another great video. These videos are helpful, there's a lady locally who has run one of those places that buys gold and silver, but does some coin stuff too, I have been going there for something to do since they started in 2013, I told her about you channel recently and she subscribed to it. A lot of very helpful information here.
I agree with you 99%. 1% exception I have been able to buy many cleaned silver coins at melt. Kinda fun owning an old date coin I don't gotta worry about degrading and I can carry in my pocket.
Awesome info, I definitely have an "accumulation"!!!! I need to get some albums and better ways to organize and get to "collection" status! A lot of Dansco Albums are sold out, spent an hour on their site yesterday. Littleton website was great, but man, their prices were horrible........they wanted $353 for Lincoln, Washington, Morgan, Peace, Kennedy, Roosevelt, Peace, Jefferson, and Walking Liberty albums. Going from 'accumulation' to 'collection' is proving really difficult. Glad Robert referred me to your channel, good stuff to learn here!
Great info. Thanks Daniel. Im working through my old childhood collections starting with Lincoln Cents. Putting the best in organized 2x2 flips. I’m assuming that’s an ok thing to do versus using an album?
I learned a couple of things, thank you!!! Most of the things you've mentioned I've already started to do, I guess because some of the things you've mentioned is "common sense"!! I know... not everyone has that, been dealing with that my whole life!! I've had my own business for 26 years and I've come across some people that I wonder how they made it to the age they are!! Thank you for your great advice!!! Have a GREAT Day!!!!
The first 1oz silver coin I bought, was from my local coin shop. I ask him about 1oz Silver Eagles. He got out an Silver Eagle album, and told me to pick one. He said it didn't matter, they were all the same price. I picked out a reverse proof coin, because I thought it looked cool. They were selling for $3 over spot at the time. it has a little milk spot on it, but still looks good.
Great video. Always good information. Since you have a love for the Morgan, do you have, or could you make a video concerning the Carson City minted dollars? Thanks.
Yes, I'm moving from the accumulation stage to the collection stage. Looks to me that coin folders are more basic, albums are for aficionados, cardboard sleeves with binders or trays for serious collectors/traders and encased and/or graded for the true "professional". Although I'm a newbie at numismatics I'm a stickler for organization and appearance, nor do I want to go through progressive stages. I'm thinking sleeves in binders, you can see both sides, make notes on the sleeve, and you avoid handling them. Opinion? Your approach to this is systematic with no BS. I throughly enjoy your postings, Thanks! PS- do you have a relative first name Bill in MI that was a UH1 helicopter mechanic in the Army? Your a ringer for him!
I'm in my early 40s now but have only been collecting coins for about 6 years. Since I have started collecting my coin collecting tastes have evolved. Currently my focus is on Silver Eagles as well as Lincoln proofs from 1950-1964. I have been building a registry set of Lincoln cents. What is your opinion on Jefferson Nickels? Nickels and dimes seem to be two series that aren't as popular. Thoughts? Thanks!
Some ideas that transfer over to Britain and Europe. Third party grading not so much. My best advice is to become knowledgeable about what you are collecting, do not overpay for your coins, learn to grade, do not buy problem coins if you can help it, keep a record of how much you paid for each coin.
I became a member of pgcs I have some valuable suff I have a large accumulation (lol) thanks for this video.. I will say being slightly overwhelmed and for someone pretty smart pcgs submission is VERY overwhelmed for me and I've not been able to send my 1st coins out yet! I have a new plan to attend the Baltimore convention in hopes to motivate myself and learn to summit coins.. Honestly it's overwhelming.
Good morning Daniel, just wanted to point out as of this morning silver prices of 18.40 per once. Silver sets between 1999 and 2011, with the 5 quarters per year,, are worth 27.30 per full set. I noticed multiple Ebay sales below this price with free shipping. Sets after 2011 jump in price. Also, 2019 silver sets are 99% silver and calculate at 30 dollars. Still way below, the cost from mint 54.88. Basically, stating some value can be found in early state quarter sets.
Yes I am aware if current silver but it never stays up, proof sets have gone down, and I would rather have one key date then a set of proof sets. Thanks!!
My understanding is that dealers are paying UNDER melt for these coins, but I see your point about the silver content. It wouldn't take much of a bump in silver prices to make money on the silver sets.
I see coins for sale on EBay or other places. They have been clean and look very nice. I have some from the 1800 and heard at some point not to clean them, if so, what should be used to clean them?
Thanks Dan. I always appreciate your advice. I live in the EU. I've been doing business with an auction house here for over ten years. It's an old venerable institution. Like walking through a museum. They have serious experts in every field. Better than Christie's. I started buying coins from them, and picking the brain of their numismatic expert about medieval coins. He told me they do not auction off slabbed coins. The coin collectors here feel they are paying for the slab and not the coin. And they have a point. In every consumer circumstance the motto is ''caveat emptor''. What do you think?
Hi Daniel. You may have surmised I'm no fan of PCGS, but I do like the higher prices their slab brings -- deserved or not. This month I put them to the test. On EBay I bought a '91 silver eagle MS70 (ANACS) for $550. PCGS's recommended price is 3500. (in their slab, naturally). The coin arrived today. ANACS touted this coin as worthy of the Smithsonian. Its is! I've never seen a more pristine silver eagle in my life -- and I have dozens of PCGS's MS70 silver eagles to compare it to. Next I'm going to attempt a crossover when I attend the PCGS show in Long Beach soon. It ought to be interesting. I'll let you know what happens. My bet is it will NOT cross because I'm a nobody. I'm not a dealer. I'm not someone who spends thousands on grading fees with PCGS. That should be irrelevant! We'll see.
@@CoinHELPu I may find the guts to crack it out and submit it raw! However, automatically grading an ANACS coin at a point back is unethical, immoral, and should be illegal! If you or anyone else is interested, I'll provide a link to view the coin --as soon as I figure out how to do that.
I can’t order my collection by date & mint since I collect ancient Romans (only if they are NGC slabbed) but I do organize them by Emperor starting with Augustus all the way to Elagabalus.
I have a question: I have numerous $5-$50 coins that I want officially graded (for my own peace of mind) but due to the price point it is cost prohibitive. My LCS recommends Annex and says cost amid around $15 each. What’s ur thoughts regarding 1) respectability of their grading 2) cost 3) any other concerns I haven’t thought of Thank you in advance for your help in this matter. This may be a good video for you to do since I’m sure many people (non heavy hitters like myself) are in my same situation.
Coins worth the values you cite are pretty much not candidates for certification by the legitimate slabbers. Even ANACS special pricing (which is favorable) entails shipping and insurance overhead. You might consider taking your coins in this value range to a TRUSTED dealer or advanced coin club
Greg M Awesome Thanks man, I just got invited to a pretty prestigious local coin club meeting I’ll try to make contacts among the old school. They seemed to like the fact. Younger dude was getting into the hobby I was just a silver stagger till recently
Its all in what makes you happy with, "YOUR" collection, in my opinion. I have done the same thing. Sometimes it's not just about how much we can get on a resale, but much more about what makes your collection, "YOUR COLLECTION"!!!
What about when your collection is uncirculated coins and the holes are just too expensive to fill? Do you mix circulated coins in there, or just keep the holes?
There is no rule that all the holes have to be filled. I wouldn't expect a dealer to pay extra JUST because all the holes are filled: he only cares about the condition and value of the individual coins. He knows he can fill the holes himself if he wants to sell the set as complete.
Great question! Do some soul searching: are you trying to be both collector and investor simultaneously? If so that’s noble and may be smart but prepare yourself to commit to spending perhaps a good deal of $ to accomplish both goals.
Regarding those darn holes in the Dansco albums, are you aware of any products or plugs that can fill the holes of coins that are slabbed that would otherwise fill those holes? I wish Dansco or someone would sell the cutout plugs from those album page.
I have been collecting for a little over 2 years, I have a question about key dates, it may sound dumb, but is a 1908 s, Indian head penny, considered a key date? I have a story about it. Good video!👍
@Conrad Pons: Key dates are usually your lower mintage years, but not always.The 1908 S Indian Head penny had a mintage of 1,115,000. The 1909 S Indian Head penny had a mintage of 309,000. The 1877 Indian Head penny had a mintage of 852,500 but is valued higher than the 1909 S Indian. From mintage numbers the 1908 S is the third lowest. I have always been told, in my younger years, the only "dumb" question is the one you didn't ask.
Coins are of passion and value but we live in scary times. I'm telling you this because I truly believe of scary times ahead. Example, all out war, the US debt at 23 trillion. Go to USdebtclock.org to learn more. Also read Zero Hedge News. Learn more about Gold and Silver at Coinflation.com Great information on Home Page. As of today Silver is the most undervalued asset in the world. Example again, Morgan dollars in MS 65 are $100 give or take. But 4 Morgans in VG or just 5-1 ounce rounds are better value. I love coins but most experts will tell you of a possible Dollar collapse due to our national debt and unfunded debt obligations.. I was given a newsletter in 2003 and it read. Sell all your collector coins and put the money into Gold and silverr. I was glad I did. You must know all the Markets to make money. Understand every thing you can. Go to the Links above. This country is in a lot of trouble financially. The Repo Market is on life support from thee NY Fed. Its 2006 07 08 all over again. Let me add in Virginia the Second Amendment is under attack, Google that because riots could easily break out over this. Crazy times we live in. God Bless
@@michaelbierlein6185 I don't think you should get wrapped up in to much of that, there have always been doomsday predictions and there always will be. As far as the 2cd amendment goes look at WA. State Initiative 1639 that hurt the legal and responsible owners of firearms and didn't do a single thing to thwart the criminal activity! Most likely all States will adopt a law similar to I-1639 and the criminals will always find a way to possess firearms legal or not.
@@triumph928 my younger years too had many phrases still in my head, and now those words of wisdom have my voice. Imagine being able to "back-up and download"our collective brain data to the devices of the generations today. No dumb questions indeed.❣️
Only 8 coins short of a complete early Lincoln set. Have rolls of every year from 30’s forward. Have a few error coins. All came from about 3,000 dollars of bank box 📦 searching over the years. To much work and no longer wish to wade thru the immense number of pennies. Literally buckets and buckets of returns to the bank. Wish to go to shows for those remaining coins.
Can you do a video on decade coins like coins from the 80s coins from the 90s which ones are valuable. From that decade you could do it like individual 4/4 from the 80s. Dimes from the 80s so on and so on are. Just the decade itself for coins anyways thanks for all your help
Love your advice but after 24 years in the business I don't know any dealers including myself that pay more fore a collection because they are in albums. A complete collection is the key point but not worth more to us because they are in albums. Just saying my experience. You hit it on the head though about buying the key dates first and then finish with the commons.
I missed some points on that. Coins in folders can often have dark toning on the reverse and sometimes it's not the correct mint mark. So I was really shooting for the fact it makes them more valuable not because a dealer would pay more but that I can see both sides of the coins and that is more valuable to me and to other collectors. Other collectors will often pay more for a collection in a Dansco than a Whitman Folder. I didn't say it how I was thinking.
I at one time was an experienced collector. Could you tell me what grading company is the best for error coins? I am not interested in selling them anytime soon. I watch the videos and really enjoy them.. I am the guy who bought all his coins from guys like Steve Ivy (we nicknamed him the Big Dipper and Professor Wiz) and other guys in Dallas and large coin shows and even some dealers were friends and most of my good stuff is cleaned. In the 70's and 80's all these dealers were cleaning everything and serious collectors knew it but nobody said not to do it till the grading companies killed cleaning coins. Everyone was taking AU sliders cleaning them and calling them UNC or BU.. I really think those were the best times for this hobby. People did not want high end coins that were dirty and tarnished so they cleaned them maybe not the really rare early stuff so much.. I have really nice stuff that I saw the coins before the dealer or I cleaned it. Then they were cleaned and they look stunning and I bought them. People never thought this would hurt the coin and its value. I really think if it is done in a correctly it should not hurt the value. Then the grading companies came along and scammed people to think the stuff is trash if it was ever cleaned. Hell I cleaned a a bunch of my BU and Proof all key dates of 3 cent silver and 3 cent nickel coins at a dealers table at a huge show in front of lots of people and dealers some big dealers helped me and the coins looked looked stunning. I got tired of the hobby and sold a great deal of stuff and invested in in real estate stock market and other real investments. That was the right move..Hope you are wise enough to also do that now. . Also back then the dealers if you knew them would buy or sell you coins with not much % so the spread was not much.I only think Grading companies are good for is if the coin is genuine. Now they can counterfeit the grading holders that look real so now what do you do. I have seen counterfeit stuff that looks truly amazing. I have seen fake Morgan Dollar key dates in fake NGC and PCGS holders in MS65 and 66 struct on silver planchette with the correct weight that friends have brought back from China. They paid $400 to $500 each for and if they were real they would be worth $15,000 up. They bought them to fill sets or show other collectors and 98% of the coin public and probably more than a few dealers could not tell the difference . I would not put more than 4% of my investments in coins. And If say I had $500,000 I would not put more than $20,000 in coins and not buy anything worth under $2000 a coin. What do the rest of you guys think. Why does this hobby not have women? Leave your comments please.
NGC or ANACS on the best company for errors because they're cheaper. You bring up a lot of points. I was around the hobby on the coin dealer side back then. I was a child but I remember most people just cared about the silver or gold content. I see more woman now than before so I think that part is growing.
CoinHelpu I've an 1941 Philly penny it's missing the Li in liberty.been to five coin shops they all told me can't give me an estimate because they can't find another one to compare with asking for help
It sucks i dont have wheels bc id probably be in your shop 3 or 4 times a week im getting hit hard on n prices where im at and i dont want to go online to buy bc then its heavily monitered and i dont want ppl knowing what i have lolo hackers n whatnot lolo n gov as well
A CAC sticker doesn’t mean the coin is appropriately graded or that they somehow agree with the grading. Instead, a CAC sticker indicates the coin is solid in that grade and generally a “good value” for the grade. Generally speaking, it suggests the slabbed coin is at least as good or better than the grade it received. It is considered a “good value” within that grade. Green CAC stickers indicate high-end for their grade while gold CAC stickers indicate the coin is definitely undergraded and would at least receive a green CAC sticker in the next higher grade. If you have a PCGS or NGC slabbed Coin that you feel is undergraded, send in to CAC and try to get it stickered )assuming the value is there - not worth it on a $20 coin obviously. )
Solid in that grade is agreeing with the grade, let's not mince words and confuse new collectors. CAC is a seal of approval that increases the value of the coin in the holder.
Here's my nickel's worth: (1) Cull the coins without investment value from your collection and reinvest the funds in investment grade coins, (2) have your coins professionally graded preferably by NGC, PCGS, or ANACS, (3) if your collection is particularly valuable, have it insured, and (4) be prepared to hold coins through up- and down-swings in values. Only buy coins that are rare and valuable today. Coins that aren't rare and valuable today will likely not be in 30-years either. Be sure to enjoy your collection too!
No# 1 Top, bestest way to increase the value of your collection? BUY BETTER COINS!!! Hahahaha...Capt. Obvious here...lol....couldnt help it..lol..seriously though, this is a great video. It can be real easy to loose focus sometimes when building a collection. Talking about myself only, it has in the past been very discouraging when Ive had to sell and took a big loss or realized all i had was basically junk. At that time i scolded myself asking "what the heck was I thinking". Im not saying a collection should only have big ticket stuff, but i myself try my best to stay focused, be patient, educate myself, buy when the good deal presents itself and do my best to go after quality rather than quantity, I still have my moments of weakness and occasional bonehead moves, but far less often than in years past. Great video Dan!!! These ones can never get old. Great info!!! Thanks as always
I don't give much credibility to CAC or beans in general, there's CAC, QA, and recently MAC. It's just another thing to spend more money on that IMO its never worth it to begin with.
All sound advice Daniel, but slightly misleading, presentation is beneficial to selling, specially to lazy or dishonest buyers, knowing what you have and research is good, it wont increase the value of anything, but it may enhance what you may receive when selling.... and of course, buy better coins always means something is worth more.
"Enhance what you may receive when selling"... using different wording but the end result is the same, the collector got more from said action so value was increased.
Note: A dealer who appraises a collection MUST NEVER offer to buy that collection. Such would be a conflict of interest, and is unethical. Appraisers must be impartial.
Actually it is not a conflict of interest. I appraise for value and tell them I would pay an average of 30% less than the appraisal value. I always tell people what I pay and what I sell it for, there can't be a conflict of interest doing it the way I do.
Daniel, you are honest, but others may not be. It absolutely IS a conflict of interest. From Kiplinger's Personal Finance Magazine: "You can also seek out the opinion of vendors at local flea markets and antiques shows who sell similar items, or find an established antiques shop with a good reputation. But never rely solely on an appraisal from someone who wants to buy your item -- he or she could lowball the price to get you to sell the item for a song."
Chubb, an insurer of high-end items, avers that it is indeed a conflict: "People often think that the way to get an appraisal is to go to the place where that type of valuable is sold. For example, if you inherited an antique collection, you might think it wise to go to an antique shop for an appraisal. Actually, the opposite is true! Make sure you seek out an expert who does not have an active interest in purchasing your item."
@@j.sayler6330 if the coin dealer or antique dealer is honest as I stated it is not a conflict of interest. I am the most qualified person in town to appraise coin collections and honest. So i disagree. I am a professional appraiser, and have appraised for over 2 decades.
@@j.sayler6330 I don't care what the opinion of these people are, they're in business and if they're appraisers it is a conflict of interest for them to make these claims as well. Obviously they want to do the appraisal. lol I am honest. I list the retail value and what I would pay IF they ask. Dishonest is the conflict not getting your coins appraised as a coin dealer.
buying coins from a dealer is not going to increase hte value of your "collection" as you are paying above market or full MSRP for the coin. Gerading of coins only started when these agencies started a grading thing.. If you are just now getting into coin collecting I would not.. Only thing you can do is get rolls of uncirculated coins and sit on them.. For years.. which atleast you would only be in the coins for their face value. I have some rolls of uncirculated 62's pennies I got from someone who was a manager at a bank and knew they existed. When I was young I got a few uncirculated rolls of current years back in the late 70's I also kep any and every half and full dollar I found. Went through coin collection of a friend who was kinda out of it and got a few coins. All it is now is like collecting sports cards.. Its just like the fools who collect hotwheels. it is just silly.
It’s not silly to collect anything. Your mistake is thinking if one collects something it’s in hope it’s worth more later. You’re thinking investment when it’s a hobby.
You could be like Littleton and take mediocre coins and put them in a piece of plastic and maybe write some historic stuff about it you copied off Google then put it on Etsy. lol. Just kidding.
@@CoinHELPu Agreed, but I see that changing with the crash. People will count wealth in ounces, not numismatic value. Sorry, but that's what I see coming.
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Thanks for the reminder's, Daniel. I have been a collector for over 40 years off and on. Well back in to it hot and heavy. Thanks for sharing. Take care.
Excellent info, I even got a silver round album. It's nice because they're easier to look at...and show off. I've heard people bash having your coins in an album. But, they're mine, and I don't plan to sell anytime soon, so why not enjoy them!!! Keep doing what you do👍
I agree, also, I kind of like the "album toning" on certains rounds, coins, etc.
Anyone that seems to know what they’re talking about has told me, when collecting coins focus on typesets, date runs, key dates etc.. the more coins you can pair the more valuable your collection will be.
Lenny Wright we have the same last name
orrr just focus on what you enjoy. this hobby isn't to have a great expensive collection, its to have fun
@@RealAntek are you that guy from discord?
@@onedollasnake yes 😆
What’s up
Thank you, Daniel...this video hit the nail on the head! That is exactly where I’m at...no folders, or album, just an accumulation of coins in tubes sorted by dates. Looking online for albums if that’s a better choice then folders. Thanks again for all your help!❤️
Whether one is a beginner collector or somewhere in between being a collector, this is very helpful information. I am unanimous in this. Lol
Thanks for helping me stay motivated. I’ve been trying to figure out how to move from an accumulation of coins to a collection of coins. This video gave some good pointers.
Thanks again my friend.
Happy New Year...
Number 1 is definitely one of the biggest. (For UK coin collectors - that means George V pennies with George V pennies, sorted by date, Heaton and Kings Norton in the right spots...)
Thank you Daniel! Your videos are of tremendous help. I have gotten so many ideas and so much knowledge from you!
I love your channel.
KEEP UP THE GREAT JOB!!!
Another great video with great information on what to do with your coins. Thankyou again Daniel for making these videos.🙂👍
DANIEL, now that you explained it i can see the advantage of buying "graded" coins! thank you for the TIP and GREAT VIDEO this morning!!!
Thanks Daniel for all your tips, I like all your videos very much ! Its a pleasure to learn from you ! thanks again!
Thank you for all the info. I'm sure it's going to help. You have a wonderful day and as always, Enjoy. CI
Thank you, you have given so much of your time helping others. I am in awe of you and K. Potters knowledge and helping people. Another great video.
Good advise to any coin collector,beginner or advanced. Get the best if you collect modern coins.
Love watching videos of yours again. Seeing this reminded me to yell you thank you again. All those coins for my type set were amazing, and a few that were to old made me get a 18th and 19th century type books. You went above and beyond what I paid for. Thanks soooooo much daniel
You're welcome
Great ideas and video! Thanks Daniel.
Great info man... thanks a bunch!
Alot of good information here...thanks!
Thanks for the info Daniel
Thanks for this greatly informative video, as usual Daniel. ♥️
Solid information. Thanks
These type of videos are your best
Good job sir
Good common sense info, Daniel!! Thankyou!!🍵 It does sadden me to think about a dealer ripping my album collections apart to sell the coins individually!😟 Continuing to hope my little grandson will turn out to be a collector for me to pass them on to!
For what it is worth, you might want to rethink about passing your collection down. The reason is, I'm sure the grand majority of your learning was through trial and error, in accumulating your collection. (Like many of us). Pass along your wisdom and what you have learned, but let your grandson start fresh. He would probably be more likely to stick with the hobby. Just something I have learned from others, through the years.
@@oldschoolrr6077 Good point. Inheritances are too often squandered away!🙁
Though I am far past "archeological significance" age, I still have quite a few years to go and share my collector knowledge with my grandson. I am already helping him start his own collection before there's any thought about turning mine over.
TNever can get enough of your advice, another great video.
thanks
Again, a DANIEL’S TOP TEN PERCENTERS: Another down, many to go and TYVM.
Valuable information my friend and thank you so much for sharing! Crushed the like button!
Much appreciated!
Thanks for sharing
Thanks for the information.
I'm in the process of moving all my coins over to Dansco albums. Thanks for the cool advise.
Great info, thanks!
Thank you for the good advice.
Very interesting. I thank you for your time.
Another way to increase the value of your coin collection is to be picky and buy quality coins to start with. If you are collecting Morgan dollars, for example, you only buy coins with strong strikes and attractive luster. Paying extra for attractive luster is risky and if it has ugly toning you can hold out for better coins. THEN you look at the marks and decide whether the coin is fairly graded, overgraded, or undergraded. You simply avoid problem coins even if they are offered at a small discount. Obviously if a problem coin is normally worth $100, and you can buy it for $25 and sell it for $75, then do it. But for the coins you want to keep, you don't skimp on quality.
Good things to know. Thanks
Love your videos Daniel!
Thank you!
I'm going to put together a submission and go for ANACs 10 for 107$ thing when they have it going. I have one coin that's a lower grade that I want graded just because it's for my own collection, but I know when getting coins graded, the more coins you send in, the lower amount you pay overall per coin. I have had a few coins put CAC stickers on them so far. I finally got a membership last year. They normally have a membership, they let me in due to me being a veteran. Having served in the military does have its benefits. I even believe I am a better person overall due to my service. Thank you for another great video. These videos are helpful, there's a lady locally who has run one of those places that buys gold and silver, but does some coin stuff too, I have been going there for something to do since they started in 2013, I told her about you channel recently and she subscribed to it. A lot of very helpful information here.
Thank you for your comment and your service!
I agree with you 99%. 1% exception I have been able to buy many cleaned silver coins at melt. Kinda fun owning an old date coin I don't gotta worry about degrading and I can carry in my pocket.
Great video I need to organize my collection it's in boxes and bags some graded in ngc and pcgs boxes
Awesome info, I definitely have an "accumulation"!!!! I need to get some albums and better ways to organize and get to "collection" status! A lot of Dansco Albums are sold out, spent an hour on their site yesterday. Littleton website was great, but man, their prices were horrible........they wanted $353 for Lincoln, Washington, Morgan, Peace, Kennedy, Roosevelt, Peace, Jefferson, and Walking Liberty albums. Going from 'accumulation' to 'collection' is proving really difficult. Glad Robert referred me to your channel, good stuff to learn here!
Go to JPs corner to albums
@@CoinHELPu What a great site and resource!! Much thanks for the recommendation!
I've bought a couple slightly used Littleton albums on ebay for good prices...you might look there
@@johnwachter6369 thanks, John!
Also, idk if you have a books-a-million store near you but the one we have here has albums for sale as well as other numis propaganda.
Great info. Thanks Daniel. Im working through my old childhood collections starting with Lincoln Cents. Putting the best in organized 2x2 flips. I’m assuming that’s an ok thing to do versus using an album?
Yes it is
This video was very helpful. Thanks CoinHelpU!
I learned a couple of things, thank you!!! Most of the things you've mentioned I've already started to do, I guess because some of the things you've mentioned is "common sense"!! I know... not everyone has that, been dealing with that my whole life!! I've had my own business for 26 years and I've come across some people that I wonder how they made it to the age they are!!
Thank you for your great advice!!!
Have a GREAT Day!!!!
Thanks
Good info. I had a few of my Dansco 7070 coins graded
I have both coins in albums and in tubes but always nicer to look at when they are in albums. I'm a coin and currency collector not a stacker
The first 1oz silver coin I bought, was from my local coin shop. I ask him about 1oz Silver Eagles. He got out an Silver Eagle album, and told me to pick one. He said it didn't matter, they were all the same price. I picked out a reverse proof coin, because I thought it looked cool. They were selling for $3 over spot at the time. it has a little milk spot on it, but still looks good.
All you had to say is good advice, thank you.
Great video. Always good information. Since you have a love for the Morgan, do you have, or could you make a video concerning the Carson City minted dollars? Thanks.
What about them
@@CoinHELPu : I can't decide if I want too get one and also can't decide what year I should chose if I do decide too buy one.
Myself I have the complete silver eagles type 1 in MS 69 and 70 graded by NGC of the San Francisco Mint
Yes, I'm moving from the accumulation stage to the collection stage. Looks to me that coin folders are more basic, albums are for aficionados, cardboard sleeves with binders or trays for serious collectors/traders and encased and/or graded for the true "professional". Although I'm a newbie at numismatics I'm a stickler for organization and appearance, nor do I want to go through progressive stages.
I'm thinking sleeves in binders, you can see both sides, make notes on the sleeve, and you avoid handling them. Opinion?
Your approach to this is systematic with no BS. I throughly enjoy your postings, Thanks!
PS- do you have a relative first name Bill in MI that was a UH1 helicopter mechanic in the Army? Your a ringer for him!
Nope, no relation
I have a few folders and albums.. Also went to LCS and bought used folders real cheap...
Always a pleasure ! *~:)
If somebody made slipcases for the blue Whitman albums, they could make a fortune.
I'm in my early 40s now but have only been collecting coins for about 6 years. Since I have started collecting my coin collecting tastes have evolved. Currently my focus is on Silver Eagles as well as Lincoln proofs from 1950-1964. I have been building a registry set of Lincoln cents. What is your opinion on Jefferson Nickels? Nickels and dimes seem to be two series that aren't as popular. Thoughts? Thanks!
Cheap and easy to complete and just buy the highest grades
Gosh Daniel, I was in Ohio for 2 wks but I could not get anyone to bring me to Portsmouth to visit your shop!
Some ideas that transfer over to Britain and Europe. Third party grading not so much. My best advice is to become knowledgeable about what you are collecting, do not overpay for your coins, learn to grade, do not buy problem coins if you can help it, keep a record of how much you paid for each coin.
Good morning everybody, Love comes from New Zealand
I became a member of pgcs I have some valuable suff I have a large accumulation (lol) thanks for this video.. I will say being slightly overwhelmed and for someone pretty smart pcgs submission is VERY overwhelmed for me and I've not been able to send my 1st coins out yet! I have a new plan to attend the Baltimore convention in hopes to motivate myself and learn to summit coins.. Honestly it's overwhelming.
I have videos on how to do it, just pick 10 coins and go at it, you're making it more difficult than it is.
Good morning Daniel, just wanted to point out as of this morning silver prices of 18.40 per once. Silver sets between 1999 and 2011, with the 5 quarters per year,, are worth 27.30 per full set. I noticed multiple Ebay sales below this price with free shipping. Sets after 2011 jump in price. Also, 2019 silver sets are 99% silver and calculate at 30 dollars. Still way below, the cost from mint 54.88. Basically, stating some value can be found in early state quarter sets.
Yes I am aware if current silver but it never stays up, proof sets have gone down, and I would rather have one key date then a set of proof sets. Thanks!!
@@CoinHELPu no I understand. I like the art in all coins. I was just interested in current silver values to the coin sets.
Going to be coming up your way in May, going to bring some coins up for your help
@@CoinHELPu awesome advice,!
My understanding is that dealers are paying UNDER melt for these coins, but I see your point about the silver content. It wouldn't take much of a bump in silver prices to make money on the silver sets.
I see coins for sale on EBay or other places. They have been clean and look very nice. I have some from the 1800 and heard at some point not to clean them, if so, what should be used to clean them?
The help community is here coinauctionshelp.com/forum/index.php
Thanks Dan. I always appreciate your advice. I live in the EU. I've been doing business with an auction house here for over ten years. It's an old venerable institution. Like walking through a museum. They have serious experts in every field. Better than Christie's. I started buying coins from them, and picking the brain of their numismatic expert about medieval coins. He told me they do not auction off slabbed coins. The coin collectors here feel they are paying for the slab and not the coin. And they have a point. In every consumer circumstance the motto is ''caveat emptor''. What do you think?
I don't really have an thoughts since I can see both ways but a slab takes out some of the guess work.
Hi Daniel. You may have surmised I'm no fan of PCGS, but I do like the higher prices their slab brings -- deserved or not. This month I put them to the test. On EBay I bought a '91 silver eagle MS70 (ANACS) for $550. PCGS's recommended price is 3500. (in their slab, naturally). The coin arrived today. ANACS touted this coin as worthy of the Smithsonian. Its is! I've never seen a more pristine silver eagle in my life -- and I have dozens of PCGS's MS70 silver eagles to compare it to. Next I'm going to attempt a crossover when I attend the PCGS show in Long Beach soon. It ought to be interesting. I'll let you know what happens. My bet is it will NOT cross because I'm a nobody. I'm not a dealer. I'm not someone who spends thousands on grading fees with PCGS. That should be irrelevant! We'll see.
It could cross over but often they grade ANACS a point back.
@@CoinHELPu I may find the guts to crack it out and submit it raw! However, automatically grading an ANACS coin at a point back is unethical, immoral, and should be illegal! If you or anyone else is interested, I'll provide a link to view the coin --as soon as I figure out how to do that.
@@TheAvenstar did it ever cross over?
sir , dose scratches on the slab of graded coin affect the price of your collection ? should I reslab it or not ?
Call the grading company
Cool
I share your video Daniel
If you like proof sets get the silver proof sets and premier sets.
Im going to show everyone 11 ways! lol Im kidding. Thats a great video and thank you!
Cool. Do a bakers dozen reasons
Increasing value of coin collection
I can’t order my collection by date & mint since I collect ancient Romans (only if they are NGC slabbed) but I do organize them by Emperor starting with Augustus all the way to Elagabalus.
I have a question: I have numerous $5-$50 coins that I want officially graded (for my own peace of mind) but due to the price point it is cost prohibitive. My LCS recommends Annex and says cost amid around $15 each.
What’s ur thoughts regarding
1) respectability of their grading
2) cost
3) any other concerns I haven’t thought of
Thank you in advance for your help in this matter. This may be a good video for you to do since I’m sure many people (non heavy hitters like myself) are in my same situation.
anacs.com is running a dollars and cents grading offer right now for $10 each for 10 coins. IMO they're as good as the rest.
You should call the grading companies with these questions
Coins worth the values you cite are pretty much not candidates for certification by the legitimate slabbers. Even ANACS special pricing (which is favorable) entails shipping and insurance overhead. You might consider taking your coins in this value range to a TRUSTED dealer or advanced coin club
Oops- hit the send button. To continue... expert and pay a small fee for their expert grading in writing. You’ll save a lot of $.
Greg M
Awesome
Thanks man, I just got invited to a pretty prestigious local coin club meeting
I’ll try to make contacts among the old school. They seemed to like the fact. Younger dude was getting into the hobby
I was just a silver stagger till recently
drives me crazy when the albums have holes for keys like the 16-D dime or the 09-S VDB.......( I did crack my AG3 16-D for the album... :O )
Its all in what makes you happy with, "YOUR" collection, in my opinion. I have done the same thing. Sometimes it's not just about how much we can get on a resale, but much more about what makes your collection, "YOUR COLLECTION"!!!
It's part of the set no matter if one can purchase it or not. To me, one should keep their coins in 2x2's anyway and then you wont have that issue.
I would've done the same!!!
What about when your collection is uncirculated coins and the holes are just too expensive to fill? Do you mix circulated coins in there, or just keep the holes?
I mix them in
There is no rule that all the holes have to be filled. I wouldn't expect a dealer to pay extra JUST because all the holes are filled: he only cares about the condition and value of the individual coins. He knows he can fill the holes himself if he wants to sell the set as complete.
No rules this is just helpful advise.
Great question! Do some soul searching: are you trying to be both collector and investor simultaneously? If so that’s noble and may be smart but prepare yourself to commit to spending perhaps a good deal of $ to accomplish both goals.
Regarding those darn holes in the Dansco albums, are you aware of any products or plugs that can fill the holes of coins that are slabbed that would otherwise fill those holes? I wish Dansco or someone would sell the cutout plugs from those album page.
i have a collection of american coins and world coins.
thank you for your opinions.
theodore
Daniel, have you heard any scuttle-butt about a 2021 Morgan being issued? Thanks for sharing your thoughts, knowledge and advice.
Nothing new
@@CoinHELPu thanks...if you do please let us know. Thanks, Bruce
It's been introduced as h.r. 3757 doesn't look like it's gained a lot of traction yet. www.congress.gov/bill/116th-congress/house-bill/3757/text
I have been collecting for a little over 2 years, I have a question about key dates, it may sound dumb, but is a 1908 s, Indian head penny, considered a key date? I have a story about it. Good video!👍
@Conrad Pons: Key dates are usually your lower mintage years, but not always.The 1908 S Indian Head penny had a mintage of 1,115,000. The 1909 S Indian Head penny had a mintage of 309,000. The 1877 Indian Head penny had a mintage of 852,500 but is valued higher than the 1909 S Indian. From mintage numbers the 1908 S is the third lowest. I have always been told, in my younger years, the only "dumb" question is the one you didn't ask.
Coins are of passion and value but we live in scary times. I'm telling you this because I truly believe of scary times ahead. Example, all out war, the US debt at 23 trillion. Go to USdebtclock.org to learn more. Also read Zero Hedge News. Learn more about Gold and Silver at Coinflation.com Great information on Home Page. As of today Silver is the most undervalued asset in the world. Example again, Morgan dollars in MS 65 are $100 give or take. But 4 Morgans in VG or just 5-1 ounce rounds are better value. I love coins but most experts will tell you of a possible Dollar collapse due to our national debt and unfunded debt obligations.. I was given a newsletter in 2003 and it read. Sell all your collector coins and put the money into Gold and silverr. I was glad I did. You must know all the Markets to make money. Understand every thing you can. Go to the Links above. This country is in a lot of trouble financially. The Repo Market is on life support from thee NY Fed. Its 2006 07 08 all over again. Let me add in Virginia the Second Amendment is under attack, Google that because riots could easily break out over this. Crazy times we live in. God Bless
Yes it's a key but more like a semi-key
@@michaelbierlein6185 I don't think you should get wrapped up in to much of that, there have always been doomsday predictions and there always will be. As far as the 2cd amendment goes look at WA. State Initiative 1639 that hurt the legal and responsible owners of firearms and didn't do a single thing to thwart the criminal activity! Most likely all States will adopt a law similar to I-1639 and the criminals will always find a way to possess firearms legal or not.
@@triumph928 my younger years too had many phrases still in my head, and now those words of wisdom have my voice. Imagine being able to "back-up and download"our collective brain data to the devices of the generations today. No dumb questions indeed.❣️
I found a 2008 Alaska quarter I think it has a error on the paw could you look at it Montana Jeff on you tube
It's a die chip and common.
Thanks
I should make an edgy version of this channel and call it "Coin FU".... LOL
Organization is key
Only 8 coins short of a complete early Lincoln set. Have rolls of every year from 30’s forward. Have a few error coins. All came from about 3,000 dollars of bank box 📦 searching over the years. To much work and no longer wish to wade thru the immense number of pennies. Literally buckets and buckets of returns to the bank. Wish to go to shows for those remaining coins.
Can you do a video on decade coins like coins from the 80s coins from the 90s which ones are valuable. From that decade you could do it like individual 4/4 from the 80s. Dimes from the 80s so on and so on are. Just the decade itself for coins anyways thanks for all your help
I did, check my channel videos or do a search
Love your advice but after 24 years in the business I don't know any dealers including myself that pay more fore a collection because they are in albums. A complete collection is the key point but not worth more to us because they are in albums. Just saying my experience. You hit it on the head though about buying the key dates first and then finish with the commons.
I missed some points on that. Coins in folders can often have dark toning on the reverse and sometimes it's not the correct mint mark. So I was really shooting for the fact it makes them more valuable not because a dealer would pay more but that I can see both sides of the coins and that is more valuable to me and to other collectors. Other collectors will often pay more for a collection in a Dansco than a Whitman Folder. I didn't say it how I was thinking.
CoinHELPu , ^ that was the distinction I was looking for :)
I at one time was an experienced collector. Could you tell me what grading company is the best for error coins? I am not interested in selling them anytime soon. I watch the videos and really enjoy them.. I am the guy who bought all his coins from guys like Steve Ivy (we nicknamed him the Big Dipper and Professor Wiz) and other guys in Dallas and large coin shows and even some dealers were friends and most of my good stuff is cleaned. In the 70's and 80's all these dealers were cleaning everything and serious collectors knew it but nobody said not to do it till the grading companies killed cleaning coins. Everyone was taking AU sliders cleaning them and calling them UNC or BU.. I really think those were the best times for this hobby. People did not want high end coins that were dirty and tarnished so they cleaned them maybe not the really rare early stuff so much.. I have really nice stuff that I saw the coins before the dealer or I cleaned it. Then they were cleaned and they look stunning and I bought them.
People never thought this would hurt the coin and its value. I really think if it is done in a correctly it should not hurt the value. Then the grading companies came along and scammed people to think the stuff is trash if it was ever cleaned. Hell I cleaned a a bunch
of my BU and Proof all key dates of 3 cent silver and 3 cent nickel coins at a dealers table at a huge show in front of lots of people and dealers some big dealers helped me and the coins looked looked stunning. I got tired of the hobby and sold a great deal of stuff and invested in in real estate stock market and other real investments. That was the right move..Hope you are wise enough to also do that now. . Also back then the dealers if you knew them would buy or sell you coins with not much % so the spread was not much.I only think Grading companies are good for is if the coin is genuine. Now they can counterfeit the grading holders that look real so now what do you do. I have seen counterfeit stuff that looks truly amazing. I have seen fake Morgan Dollar key dates in fake NGC and PCGS holders in MS65 and 66 struct on silver planchette with the correct weight that friends have brought back from China. They paid $400 to $500 each for and if they were real they would be worth $15,000 up. They bought them to fill sets or show other collectors and 98% of the coin public and probably more than a few dealers could not tell the difference . I would not put more than 4% of my investments in coins. And If say I had $500,000 I would not put more than $20,000 in coins and not buy anything worth under $2000 a coin. What do the rest of you guys think. Why does this hobby not have women? Leave your comments please.
NGC or ANACS on the best company for errors because they're cheaper. You bring up a lot of points. I was around the hobby on the coin dealer side back then. I was a child but I remember most people just cared about the silver or gold content. I see more woman now than before so I think that part is growing.
Watch out for the green slime of death, that comes from keeping coins in the albums for long term storage.
Only from plastzied holder not all albums do that.
CoinHelpu I've an 1941 Philly penny it's missing the Li in liberty.been to five coin shops they all told me can't give me an estimate because they can't find another one to compare with asking for help
Struck through grease very common
Thanks from Ukraine!
To grade up my coins do I to be a member of pcgs.
Yes unless you send to ANACS
It sucks i dont have wheels bc id probably be in your shop 3 or 4 times a week im getting hit hard on n prices where im at and i dont want to go online to buy bc then its heavily monitered and i dont want ppl knowing what i have lolo hackers n whatnot lolo n gov as well
Dear Daniel, High Tech team. I look forward to your help, as soon as possible. I sincerely thank you very much
I am too far away to help you
A CAC sticker doesn’t mean the coin is appropriately graded or that they somehow agree with the grading. Instead, a CAC sticker indicates the coin is solid in that grade and generally a “good value” for the grade. Generally speaking, it suggests the slabbed coin is at least as good or better than the grade it received. It is considered a “good value” within that grade.
Green CAC stickers indicate high-end for their grade while gold CAC stickers indicate the coin is definitely undergraded and would at least receive a green CAC sticker in the next higher grade.
If you have a PCGS or NGC slabbed Coin that you feel is undergraded, send in to CAC and try to get it stickered )assuming the value is there - not worth it on a $20 coin obviously. )
Solid in that grade is agreeing with the grade, let's not mince words and confuse new collectors. CAC is a seal of approval that increases the value of the coin in the holder.
Yes, but simply agreeing with the grade won’t get a CAC sticker. It’s much more than that.
Here's my nickel's worth: (1) Cull the coins without investment value from your collection and reinvest the funds in investment grade coins, (2) have your coins professionally graded preferably by NGC, PCGS, or ANACS, (3) if your collection is particularly valuable, have it insured, and (4) be prepared to hold coins through up- and down-swings in values. Only buy coins that are rare and valuable today. Coins that aren't rare and valuable today will likely not be in 30-years either. Be sure to enjoy your collection too!
I had those folders years ago ,but they all fell apart .disappointing
Do you agree if you are buying coins for investment you should buy coins valued at $2000 or more?
Nope. There's no particular price range I recommend.
No# 1 Top, bestest way to increase the value of your collection? BUY BETTER COINS!!! Hahahaha...Capt. Obvious here...lol....couldnt help it..lol..seriously though, this is a great video. It can be real easy to loose focus sometimes when building a collection. Talking about myself only, it has in the past been very discouraging when Ive had to sell and took a big loss or realized all i had was basically junk. At that time i scolded myself asking "what the heck was I thinking". Im not saying a collection should only have big ticket stuff, but i myself try my best to stay focused, be patient, educate myself, buy when the good deal presents itself and do my best to go after quality rather than quantity, I still have my moments of weakness and occasional bonehead moves, but far less often than in years past. Great video Dan!!! These ones can never get old. Great info!!! Thanks as always
I don't give much credibility to CAC or beans in general, there's CAC, QA, and recently MAC. It's just another thing to spend more money on that IMO its never worth it to begin with.
I get more out of CAC
All sound advice Daniel, but slightly misleading, presentation is beneficial to selling, specially to lazy or dishonest buyers, knowing what you have and research is good, it wont increase the value of anything, but it may enhance what you may receive when selling.... and of course, buy better coins always means something is worth more.
"Enhance what you may receive when selling"... using different wording but the end result is the same, the collector got more from said action so value was increased.
Note: A dealer who appraises a collection MUST NEVER offer to buy that collection. Such would be a conflict of interest, and is unethical. Appraisers must be impartial.
Actually it is not a conflict of interest. I appraise for value and tell them I would pay an average of 30% less than the appraisal value. I always tell people what I pay and what I sell it for, there can't be a conflict of interest doing it the way I do.
Daniel, you are honest, but others may not be. It absolutely IS a conflict of interest. From Kiplinger's Personal Finance Magazine:
"You can also seek out the opinion of vendors at local flea markets and antiques shows who sell similar items, or find an established antiques shop with a good reputation. But never rely solely on an appraisal from someone who wants to buy your item -- he or she could lowball the price to get you to sell the item for a song."
Chubb, an insurer of high-end items, avers that it is indeed a conflict: "People often think that the way to get an appraisal is to go to the place where that type of valuable is sold. For example, if you inherited an antique collection, you might think it wise to go to an antique shop for an appraisal. Actually, the opposite is true! Make sure you seek out an expert who does not have an active interest in purchasing your item."
@@j.sayler6330 if the coin dealer or antique dealer is honest as I stated it is not a conflict of interest. I am the most qualified person in town to appraise coin collections and honest. So i disagree. I am a professional appraiser, and have appraised for over 2 decades.
@@j.sayler6330 I don't care what the opinion of these people are, they're in business and if they're appraisers it is a conflict of interest for them to make these claims as well. Obviously they want to do the appraisal. lol
I am honest. I list the retail value and what I would pay IF they ask. Dishonest is the conflict not getting your coins appraised as a coin dealer.
buying coins from a dealer is not going to increase hte value of your "collection" as you are paying above market or full MSRP for the coin. Gerading of coins only started when these agencies started a grading thing.. If you are just now getting into coin collecting I would not.. Only thing you can do is get rolls of uncirculated coins and sit on them.. For years.. which atleast you would only be in the coins for their face value. I have some rolls of uncirculated 62's pennies I got from someone who was a manager at a bank and knew they existed. When I was young I got a few uncirculated rolls of current years back in the late 70's I also kep any and every half and full dollar I found. Went through coin collection of a friend who was kinda out of it and got a few coins. All it is now is like collecting sports cards.. Its just like the fools who collect hotwheels. it is just silly.
It’s not silly to collect anything. Your mistake is thinking if one collects something it’s in hope it’s worth more later. You’re thinking investment when it’s a hobby.
You could be like Littleton and take mediocre coins and put them in a piece of plastic and maybe write some historic stuff about it you copied off Google then put it on Etsy. lol. Just kidding.
Graded coins are a bubble that will burst soon.
The bubble burst a few years ago and the effects are still being felt. However, there's still a demand for them.
@@CoinHELPu Agreed, but I see that changing with the crash. People will count wealth in ounces, not numismatic value. Sorry, but that's what I see coming.