Buying Coins: Coin Investor VS Coin Collector
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- เผยแพร่เมื่อ 5 ส.ค. 2024
- In this insightful discussion, Rod Gillis, ANA Education Director at the American Numismatic Association, explores the distinctions between investors and collectors in the realm of numismatics. With a wealth of experience and knowledge, Rod sheds light on the motivations and strategies of both groups, empowering viewers to make informed decisions about their numismatic pursuits.
Rod begins by addressing the aspirations of investors, acknowledging the common desire to use coins as a means of financial security or retirement funding. He shares anecdotes illustrating the misconceptions surrounding coin investments, cautioning against relying solely on coins as a solution for financial stability. While highlighting the appeal of bullion coins for investors due to their intrinsic value, Rod emphasizes the importance of avoiding deceptive tactics employed by some salespeople targeting senior citizens with unfounded claims about government intervention in the gold market.
Transitioning to collectors, Rod delves into the mindset of individuals driven by the passion for assembling coin collections. He emphasizes the intrinsic value of collecting beyond monetary considerations, urging collectors to focus on acquiring coins that resonate with them personally rather than pursuing quantity over quality. Rod provides practical advice on discerning between problem coins and desirable examples, encouraging collectors to prioritize aesthetic appeal and historical significance in their acquisitions.
Moreover, Rod dispels the myth that collectors must exclusively pursue uncirculated coins, highlighting the allure of coins with a patina of wear as artifacts with a rich history and cultural significance. He emphasizes the freedom and flexibility inherent in collecting, emphasizing the importance of individual preference and enjoyment in shaping one's collection.
In conclusion, Rod Gillis encourages viewers to approach numismatics with a sense of curiosity, discernment, and appreciation for both the artistic and historical aspects of coinage. By understanding the distinctions between investors and collectors, viewers are empowered to pursue their numismatic interests with confidence and purpose, guided by Rod's expert insights and thoughtful advice.
Through his engaging and informative discourse, Rod Gillis fosters a deeper understanding of numismatics, inspiring viewers to embark on their own journeys of exploration and discovery within this fascinating hobby.
buying circulated coins and used by by our forefathers in my opinion is priceless because they have been a part of their daily lives, travelling and circulating thus became a major part of history rather than being kept uncirculated.
I think Rod is making a great point here, that you should buy a coin that "speaks" to you. An attractive coin is not necessarily always uncirculated, circulated coins have a charm of age especially when nicely toned.
Love this!! I agree I love the circulated coins bc it leaves to the imagination who else has use that coin!
I love your books in your backdrop.KNOWLEDGE IS POWER
Very Instructive, Bravo !
COLLECTING COINS IS A HOBBY OF A KING 🤴! UNIQUE COIN IS PRICELESS ! Meaning Impossible to Counterfeit it. The most Expensive/Popular US Coin Major Dramatic Error Doubled Denomination 11c piece. My 1995 Penny On Dime Planchet-ACG MINT. Impossible to Counterfeit it. PRICELESS !
I know all of this now... if only someone told me this when I started my collection so many years ago! :-D Thanks for the tips for the new collectors. I particularly like the "buy the best coin you can.". Lately, I'd rather buy one special coin per year than 100 a month (which I use to).
HAHAHA funny intro... love Rod. Great advice! Everyone should take the ANA grading class he teaches with Bill Fivaz before buying seriously into coins.
Fabulous... Thank you for the amazing resource!
Excellent content! Thanks for sharing!
Thanks for the video and all the advices!
your wife is savage XD she cant believe anyone would talk to you about financial advice.. too funny. good information there though. thankyou
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*Excellent Clarifications,* Congratulations on the Video Content.
great video and advice, thank You.
Great information.
Very good advice. Thank you.
He expressed exactly my feeling about old coins. I try to imagine who might have carried them in their pocket. Think of half dime or shield nickel maybe a kid had that and felt like a millionaire..
There are 3 kinds of people in the world of Numismatics: Investors, Collectors and Flippers. Of course, you can have someone that branches off into all 3 fields but those are the main arteries. Most seasoned investors looking toward retirement are just interested in having a store of value be retained at the very least and hopefully rise with time slowly. Anything too abrupt swinging up/down is too volatile and left to the Flippers/day-traders. Collectors buy for the actual aesthetics of the coin itself. Some are looking to complete a series or color variety, year, quality, tone or a mix thereof- lastly, you have the flippers! These guys/gals buy/sell most anything for a buck and are most likely not experts in any particular field, knowing just enough not to get scammed so they can go on to the next thing. A coin to them is simply a short-term commodity to be bought cheaply sometimes in bulk to be chopped up and sold at a premium.
Great advise!!!
Bust out laughin “can’t believe any one would want to talk to you about financial advice.”
Yup, Incan relate!
Oh, and thanks for looking out for our seniors.
For my own personal collection, one of my favorites is my 1852 large cent. Who has held that coin and what their life must've been like are very interesting questions to ponder for me.
Yep I collect the large cent series too. Those coins have been in some fasinating places over time.
@@mysterybuyer3738 i have 1840 0ne dollar coin and 0ne dalllor elizabbeth 1984 and 1988 also 50 cent elizabbeth 2nd australlian do you colec this coins this my email. rudyanonuevo7@gmail.com or rudyanonuevo@gmail.com
Great info thanks
Do you have any advice on world coin collecting, and books on the history behind the coins?
I started as a stacker in 2014....If I can, ask a 'collectible coin' question, whats your opinion on a price offered to me on the 2016 CHIWOO
CHEONWANG 1 OZ SILVER MEDAL (the first series metal) Well, a guy is
offering me 2 for 135.00 (I don't buy high priced prems -much-) What
does your gut say about this price for a 1ozer? I know its LOW mintage,
but I don't know if I a have missed my 'window' of priced spent
value...thanks
I have a 1937 penny, in the back of the penny is a WC .I wonder if is a machine error..and if worth something
Good advice. Thankyou
Thank you so much
Thanks.
"you want the coin the speak to you"
This hit hard
I'm a collector and investor I have silver bullion I also collect coins Franklin half dollars are my favorite but I buy lots of other coins my purpose is to build a million dollar coin collection that will someday be left to my family
Great information! I've been a Financial Advisor for 23 years. Historically, Gold/Silver (bullion) have been horrible "investments". Watching some of these "silver stackers" on TH-cam is laughable. Buy Numismatic coins...enjoy it as a hobby, enjoy the beauty and history of the coin; also, remember that your coin is ONLY worth what someone will pay you for it!!
I stick with coins which carry both a numismatic and intrinsic value...
I do both without going broke. Usually whenever Modern Coin Mart has a flash sale on a certain coin with a low mintage I’ll pick it up but me personally I’m a big fan of Star Wars so I’m trying to work on the PF slabbed coins and try to collect them all and if I ever wanted to sale them I would be targeting the coin collectors and Star Wars fans who collect anything Star Wars. Other than that any coin I buy I buy it because I like it
MrBusterpalmer - sounds like you have a "game plan." Yes, people are crazy about Star Wars😁
@@MrBusterpalmer Yes, I was looking at a Darth Vader silver coin earlier, very 😎
I apologize for reposting this on another channel but I am very interested in finding out about this coin! I have been officially collecting for about 1/2 year now and I have found a Lincoln penny with what I believe to be clash errors on the reverse that create what looks to be a second Lincoln in one of the Memorial bays! There is a head and legs that clearly happened during the strike and a torso that is there which I am not sure what type of error this is (the torso). Upon further examination, I found two other 'Lincoln heads' on the same reverse of this coin - one of the outside of the Memorial and one in another bay within the Memorial. With the history of our former Founding father I thought this coin might be particularly interesting! I have affectionately titled this specimen, the "GHOST OF LINCOLN" cent! Any suggestions?
Yes I agree I like the history the most to think who an where that coin has been
Hi I have a few coins that I need looked at, how can I get this done?
Unfortunately for me the coins i admire the most are the silver bullion private mini mint ones, ie silver shield. Even though i know it's a stupid investment, i admire the artwork so much that i can't stop collecting them lol.
Thanks for advice sir
no prob
I am an investor/collector and I'm ready to sell my coins. I only have one roll of coins that were placed into thick Glass like super hard plastic the day/time they were minted or released. I took one out of the roll and got it graded and it received a MS67+ the other 49 coins are in the exact same condition from the same stick of copper a 1968s Lincoln cent could use a regrade in hopes of getting a MS68+ . Nevertheless who can I sell this coin and roll to?
Your Local Coin Store may give you $0.15 to $0.20 each, so $8 to $10 for the roll. Or you could sell it on eBay for $25 (eBay will keep $2.50, leaving you $22.50).
Talking about rare, and high premiums, try a Crown of the Rose.
Discovered and sold at auction in 1961 for £4000. That's the equivalent of £87,464 today. Its gold content today would be worth £109.
Nice!!
Liked because of the funny story :)
Am I the only person who paused at the beginning to stare a bit at that seated liberty?.
Same here lol
Good advice !.
Nice Channel! Greetings From Italy! W Numismatica!
...
who do I get a hold of to see if they have the right coins that are talked about. like that 1969 s penny.
I am gonna answer that one ...my child. Go with your gut.
Go talk to someone at your local coin store.
Great! I had much more Morgan coin and American collection coin
my coins are all scratched up beat up and really don't mean much to most people but it's the hopes and dreams of that coin once represented I love my coins that's why I'm going to bury mine if I get a chance I would rather have them found as some treasure then just sold at a pawn shop for a few bucks
Yes! I HEAR ya. People are so busy basically stealing what you believe in and they cash in on your fortune.
I like the idea of passing my folders down and then when they're 300 years old, people won't really mind a little wear.
I have found some coins, like the double stamp penny a older year and a 1926 I believe penny is there some good prices that people who really want these coins would pay and who .
A 1926 Lincoln cent in VF-20 condition is worth 50 cents. In VG-8 condition, it's only worth 25 cents.
I am in it for the metal. The more ounces of gold or silver the better.
What is the rough average for an indian head penny
joe garrow It depends on the condition and rarity of the coin. Just do a search on eBay to get an idea of what coins are going for or check the PCGS and NGC price guides online.
if its in worn average condition, 1-3 bucks. good condition, maybe 10-15. Key dates, quite a bit more
Currency reset is a big fact in buying metals.
Yeah and so is the wallet inspector..
Matthew Grainger
I’m lost?
I want to sell my coins to buyer and not to a collecter. Pl. help..
It seems like "searching change" is an impossible task how does one know if they found something worth anything?
one time i got a wheat....
once
in the past year
Indian head pennies Wheat pennies,pre 1970 halves,dimes and quarter's pre 1965,buffalos not the 2005's,and nickels from the 30's,40's 1942-1945 should have a letter over the Monticello on the back of the coin that will tell you it is 35% silver ,and 50's those are my favorites try ordering a box of coins from your bank you may not find a lot but if you keep coin roll hunting you will find some coins you will like,also there are tons of error coins also,just find the coins that you love to collect and learn about them,I've been coin roll hunting and have found at least 700 wheat pennies,3 indian head pennies,4 buffalos,6,35 % silver nickels,couple of error dimes
AND Canada has discontinued their pennies so I like to collect those, hope this helps good luck hope you find a ton of awesome coins
@knpstrr - It is not an impossible task, but you need to spend "Quality" time educating yourself. I'm not talking a few days, I'm talking 3 months minimum. That's before you even consider looking through coins. Education of what to look for, how to save it properly, grading, what to do and not to do, etc. . . take Time, Energy and Money. But, it increases your chances at succeeding in what you want to collect. There is an old saying in coin collecting . . . "buy the book, before you buy the coin". Education is the Key.
Do you want to be a collector or an investor? If you want to be an investor, go to a local coin store, talk to the clerk and pick out a few older coins that you can afford. Keep them for several years. If you want to be a collector, get some coin folders and start collecting Lincoln cents, Jefferson nickels, Roosevelt dimes, Washington quarters, Kennedy half dollars or Presidential dollars. Collect one of each date and mint nark and put them in the folders. (I used to pull Indianhead pennies, Buffalo nickels, Mercury dimes, Standing Liberty quarters and Franklin half dollars out of my pocket change, but that was back in the 1960s and those coins are kind of rare in pocket change these days.
I have 1889 king adverd right side face very rare coin in gold
Who is the best person that I can send Coins to and get them checked that I can get the truth about them and I will in Connecticut where would I have to send them please comment back I have a lot of coins that people on TH-cam are saying are valuable and I would just like to find out the truth please let me know and how much per coin do they charge if you can answer these questions I would appreciate it thank you very much I hope you had a good Christmas and I hope you have a safe New Year's thank you
hi I'm from the Philippines I need help because I have a coin quarter dollar 1967 and 1965 . I have also one cents 1972 S and 1965
Three of them are worth 51 cents. The 72-S might worth a little more, but not much.
collect because of love
0:59 Ha ha ha, funny story.
Se ei do care about theor value. Then I fall in love with few pretty ones that are pure face value lol. Or old. The sense of history gets me. The ones ypu ll always see yhe flaw in is like buying art. Smae thing. Or clothes. You ll know the tiny spots there.
Watching from Philippines I have 1 Indian head
And ye shall tell them the Way
to collect as a hobby
saith the Dig 'em up Daddy.
Meron po ako bebenta ko po
I actually really like coins that are worn as well. Thinking about where they've been and I specifically buy coins from the Soviet Union because I have this deep interest in how a socialist economy affected people's wealth.
I have Nelson mandela coin If interested
hi
Hello
You got burned by your wife! Maybe you could work on a come back for the next time...
Thanks for your time making this educational video.
I'm a collector of excessive weight... And I'm pretty darn good at it. Everything else, not so much.
W
Those comments about the Gold didn't age well did they jack.
For me i dont really care about the condition. My favorite coin i have is a 1883 v nickel no cents but it has a black spot on the back and it just makes me wonder what happened to that coin in the 1800's.
Ok I’m only 14 my friend I don’t have 1 million dollars to spend on coins so thanks mate
@@paytonr8153 you're not a true ass then, just a guy who wants to act like an ass
" buy gold RIGHT NOW'..... salesmen or scemmers. Any one hard selling....
I tell people that under 95-percent of circumstances, coins are lousy "investments."
"under 95-percent" Don't you mean "over" 95-percent of circumstances?
I bought mine for the sole reason that they were 90% silver...we are at a low right now. I know it will go back up to at least $37 or $38 at some point and I'll double my $$$ :)
I m