AVOID THESE 10 COIN COLLECTING ITEMS - PROCEED WITH CAUTION
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- เผยแพร่เมื่อ 24 มิ.ย. 2024
- READ THE DESCRIPTION BEFORE WATCHING!
In this video, I set out to identify 10 items that I would avoid purchasing when coin collecting from a resale perspective. However, it's super important to remember that fun is still at the forefront of collecting (it is a hobby, after all), so this video is more directed at people who are wondering if their items are good long term investments. I have bought tons of these items (I think 5 or so) and don't regret most of them, but I do want to caution people dipping their toes into the hobby that some items won't resell very well at all in the future. From modern commemoratives to newer proof sets to plated coins to Etsy finds to unsearched eBay lots, know what to look out for so that you don't get hurt down the road!
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I've been a numismatist for 55 years. This is a good video. He's basically saying if you like the coin, if it appeals to you then buy it, but just know that you might be buying something that will bring little or no return for your money. Buying coins because you like how they appeal to you is very easy. Buying a coin that will increase in value takes lots of education and research.
Really like this comment. Going to pin it so others can - summarizes the video very well.
My father was an amazing numismatist and I've picked up a lot from him. He's since passed but I remember all he taught me and one thing aside from making a purchase that will reward a nice return is that he also told me if it's not that important for me to make the return and I like the item I want then, by all means, buy it. It's all a matter of personal preference, not always about the money. After all, I'm not a greedy person but do purchase items with considerable return value but items I just want to have too.
Sir i have american phillipines 1907 coin.
I don't know that I've bought ANY coins as an investment. I collect mainly ancient coins, but have some other because I like them. My heirs can get the money when they sell.
Yes, not all collectors do it for a huge profit. I do it for both, my father was a numismatist so I've learned a lot from him but I too buy some items, not for profit but because I do like them.
Once again a top notch presentation by this young man.
Thanks Michael!
Just my opinion:
You should include visual aids.
Nice information though :)!
Will try to do more of them in my upcoming vids! Thanks.
@@TreasureTownCoins how do u feel buying from amazon.. I'm a new silver collector thanks
I collect bicentennial quarters, I keep them when I find them in my pocket change, I don't expect them to be worth more than face value.
They're fun to have, especially at face value.
I collect the ones i find, but dont shop for them to buy.
Same. They were my favorite coin to collect as a kid. I actively search for them when I'm coin roll hunting. They are good album fillers.
I used to horde them hoping to find a silver bicentennial, but after I'd get about 16 bucks worth I'd swap them at my local shop for an ounce of silver.
Susan B Anthony's love em
It all makes sense. Sometimes I buy stuff just because I like a coin, not for investing.
My 17 year old son, who is a total Capitalist, thinks I'm stupid for buying something that won't be more valuable in the future. 'It's not your money kid, leave me to my devices.' 😁
I haven't actively collected coins since I was a teen, and I'm 65 now. I have watched a number of your videos, and you are an unending source of sound advice. Thank you for giving such good counsel to anyone who will take the time to listen.
That's awesome to hear! Thank you so much for your support - welcome to the channel!
I've always been skeptical of the "unsearched" rolls and bags of wheat pennies. Even assuming the seller was honest and the seller never searched them the pennies did come from someone and that someone very likely did search them.
Definitely agree with you on that one.
I subscribed a while ago, and I appreciate that you are about valid, truthful information, rather than screaming at the beginning of the video, and planting bait terms in the title. You may be young, but you know what you're talking about and that's what matters! Good job 👏!
Two things I think you missed. 1 I have seen " collector" coins advertised with one side having a colored commemorative. Most recently one for the moon landing, the one I actually saw appeared to be a sticker on the coin.
2. Buying unsearched rolls, buy them from the bank. At least you won't lose any money that way.
I think you're correct with those ones!
This is my favorite coin channel. You’re videos are very informative and offer info that’s not the same as every other youtuber. Keep up the great work
Thanks so much, Hunter! I try to come at it from a different angle - appreciate that you pick up on that!!
Captain Picard wants his jacket back, please...
Hahahaha
He'll take the hair too.
Hey, I did post the same thing! So funny you already posted this Lol! Next video Data face!
@@VicGreenBitcoin The thumbnail reminded me of the Mark Zuckerburg PIC testifying to congress where they made him look like CDR DATA!
@@TreasureTownCoins you need to change the logo on your Picard jacket to Starfleet.
I think he did a great job! When I look around and see the video game junkies and the young people with their noses glued to their phone it is very refreshing to see a guy this age who is far ahead of the pack in my mind.
Appreciate it Greg! I have a lot of fun collecting and wanted to give my thoughts for others' benefits. Thanks.
@@TreasureTownCoins I just started collecting and ran across your video. I thought the content was great and the video was professionally done.
@Blue collar Gold pockets You misunderstood my comment obviously.
I thinks it's refreshing too. I am a vidoegamer and new to the art of coin collecting
@Blue collar Silver dollar take it how you choose but I thought I was encouraging him and commending him.
I thought the video was very professional.
Even an old guy like me can learn from him.
I think you read way too much into my comment.
I appreciate the knowledge me and my grandsons are starting to collect and I'm glad I watched your video
That is awesome!
Thanks
It’s my grandson and I . Where did you go to school Disneyland ?
Great video! I remember buying my first "grab bag" on eBay. Biggest coin buy mistake I've ever made. Never bought another one, and I've learned the rule to always make sure you know exactly what you're paying for.
Thanks Kendrick! Probably worth the money for the lesson (though I hope to provide it for free :) )
First off it’s nice to see younger people that still collect coins. Great advice to I’ve been collecting for awhile and have made a few of these mistakes. The part about Ebay and the rolls of Unsearched coins is 1000% correct 99% are fake
Thanks man! The unsearched rolls are not too good. I buy a few from time to time to search on this channel but that's about it (and I know going in that I won't do well).
Fantastic video, especially for those who are novice numismatists. When I started coin collecting, I wish that I had heard these pointers. As it is, my early buying blunders weren’t generally too egregious, and, even though my first coins aren’t worth much, they have a lot of personal value.
Exactly - a lot of memories tied up in those old beginning coins we started out with.
Captain Picard, that's hilarious. Thanks for mentioning it. I hadn't noticed. We all need a good laugh.
So True, It made me laugh
This video came up as a recommendation with my metal detecting videos, I haven't got a clue about American coins but I'm enjoying it & thank you, so watching while sorting out my medieval coins found here in Oxfordshire England
That would make a nice video.
@@Gumardee_coins_and_banknotes
Thank you sir,
When I've sorted them all out after a house move & can work out how to do it, I might give it a try.
Thanks! Good luck - I hear about some cool medieval trove finds from time to time - hope you find one!
EXCELLENT information!! I agree 100%, it is mainly about the fun! I also agree that it's equally important to always be buying coins that will add the best value to a collection.
Thanks! Glad to see others on board!
I don’t think I have much to worry about because I don’t buy coins. I find them in the world. That is the fun part for me! Going to vending machines and putting the quarter in until you get a collectable, or switching them out with your normal change when working with a cash register. It’s more like a coin hunt for me
That's pretty cool!
I had a cousin that was a professional coin collector and seller and he always told me that if you collect junk then you have a junk collection...
Very advices for new coin collectors.
Well done.
Keep up the good work and make coin collecting more interesting.
For me, i will keep silver coins with resale values in case of rainy days.
Thank you for taking the time and making this video. Your videos are always straight to the point, I'm never left guessing afterwards what you meant !
I appreciate it!
Very informal video. I'm a seller and collector been one for a few years. I get so frustrated when I see scams on Ebay and other sites. To me it's completely a disgrace to the hobby. I honestly think some of these frauds should be penalized or even booted from the Hobbie some of these sites can enforce this to a degree but for reasons I know not choose not to.
I think you did a really good job. Good advice. Pleasant voice. I like how you say that having fun is important. I collect coins because my Pop did, and I do not collect with the intention of reselling someday. I do the worst thing possible to my coins. I polish them, because I like them shiny. My hopes are to pass them on to my kids who will continue to keep them in the family, not for their worth, but, for their historical value.
Hey Eric - totally can relate! I also keep my collection small (and not optimized value-wise) since I appreciate the history and fun that goes along with collecting. Thanks for sharing your story!
You are a sweetheart. Morals...not money. My kind of person
God bless 💗
I get excited to see such a young educated coin collector. Its great
Watching our younger generations teach one another!👍👍
Always so informative, thank you!
Glad it was helpful!
I really enjoyed this and all your shows keep up the good work and your advise is excellent !!
Thanks so much Kevin!
I love collecting Eisenhower dollars; I know they are clad but it reminds me of when my dad bought me some and I was mad because I couldn’t fit them in my piggy bank 😂😂😂.
They are super fun! I have a bunch that I just got rid of actually but it's a neat series. Some cool errors.
I love the 40% silver Ikes. They're rare, but they fit in well as a modern counterpart with the Morgan's and Peace dollars. :)
If the Ike dollars had had high relief it would have been a nice coin. That is what I always hated about the Ike dollars they almost have no relief at all. The only decent ones are the proofs.
That was and is simply adorable 💗👌☉👈
My father gave me a `74 D Ike Dollar when i was child and i still have it 😎
I went into a small grocery store bought a roll of quarters a personally rolled One .came home opened it it was all collectable quarters and error quarters a dime plan-set filed quarter I can’t spell .i was holding a estate rolled roll .it felt strange to hold somebodies collection knowing the person was gone .With out cashing in them .
As a cashier i got a full roll of 1943 steel pennies, along with a bunch of other penny rolls, all sorted by year, lotta late 40's and 50's. I know they arent worth anything much over face value, but obviously they were someone's child/grandchild taking an estate collection and buying fricken cigarettes with WW2 history, and about 20$ in pennies grandma had been holding onto for 70 years. It was sad to see.
Thanks for great information that’s very helpful keep up the good work
Glad to provide it - thanks for the comment.
Smashed the like button! Awesome information!
Thanks for all those do's and don't's. I probably would've fallen into some of those traps. Thanks again for a very informative video.
Glad it was useful!
How many times have you been asked “I have a steel penny, how much is it worth? (No description, no photo) these people are nuts. 😂😂🤷♂️🤷♂️
Hahaha too many times to count
First timer. Just subscribed. I've seen a number of programs. Best over all show I've seen or heard. Most of us want to make this (coin collecting) profitable. I learned a lot. Thank you. Keep it coming. Part two?
Really appreciative of the comment! I'll try to make some follow ups in the future!
Thank you for this video! Really appreciate it! Very honest and genuine intention.
Glad you enjoyed it! Thank you.
Since many modern products from the U. S. Mint have lost value, you can often buy them on eBay for less. Also, I *THINK* there might be some "sleepers" among the commemorative dollars. They hit a bit of a low point in popularity in the 1990s and thus you can find some with incredibly low mintages. For most of them, most people originally bought the proof version, and thus the uncirculated strikes have lower mintage. (My favorite is the 1994 P.O.W. silver dollar in MS70.)
Could be a good point! There are some of those commems that are very expensive (I think the RFK one is). Makes sense. There are also some cool events people could have personal ties to that would make it worth it to pick one up. Thanks for the comment.
My favorite way of collecting coins is finding them in my change (silver coins) or finding them when tearing down an old building or under old carpet when replacing the carpet. When I have more free time, I'd like to use a metal detector in farm fields where homesteads used to be to see if I can find any old coins. About 40 years ago, I found an Indian head penny laying on the surface of the dirt in a former barnyard behind my childhood home. It was well worn, but still cool to acquire an old coin that didn't cost anything.
That's really awesome!
I bought a home built in 1957 and during the rehab we found a peace dollar in the wall! Apparently that was a common practice back then for good luck, 16 years later I still have the coin 😊
Thanks so much for the info, I'm just starting out as a hobby but by the same token it's always great to know what to invest in and what to generally watch out for and wasting good money on crap. I've already made one mistake of buying a few fakes. But I'm learning and your videos are a great help. Thanks so much !!
Thanks! Glad that I can be helpful!
Great Video my friend, great info for people just starting out coin collecting! Thanks for sharing! Liked and subbed!👍🏻
Thanks! Agreed - appreciate your comment.
Good video. I also recommend people avoid problem coins, cleaned, altered, etc...
DEFINITELY!
Well cleaned coins are ok in my books as they cost less at my lcs. So for a collector with less money a cleaned coin for cheap could be his purchase for the day/week. Not all cleaned coins are terrible in my opinion.
Why does cleaning or buying cleaned coins matter I’m new to stacking
Generally avoid them, unless it's a major Doubled Die for the series or a major error. I have plenty of problem coins in my collection. Kept them, because I found them myself CRH. A good amount have some value.
Collect what you want to collect. It's as simple as that. Buy and collect what makes you happy.
Exactly!
Thanks for this excellent advice. This was a great video and some good things to know!
Sounds spot on to me in all instances. Good job!
I collected a full set of the modern commemorative half dollars. I know most of them aren't worth much or ever will be, but I bought them, cause I liked them. Same with the modern mint sets and proof set and the silver proof sets. I don't plan on selling them. Just wanted them to keep them and update them every year.
It's really fun to get involved with a collection / set that you enjoy collecting. Sounds like a good plan to me! I also collect for fun and not for the money - I just like informing people so that they have the full range of knowledge available when buying.
I started collecting older half dollar commemoratives. I have a 1935-S San Diego half and picked up an 1892 Columbus Expo half. They are both really cool and in fantastic shape. Both coins have great stories to tell.It was fun to read up on them and their true purpose at the time they were minted.
I like your opinion alot. Seriously...i roll my own cigarettes alot..and I can grant you I know it's the same darn tobacco at the end of that smoke. EXCELLENT ADVICE ON BEING CAUTIOUS
THANK YOU CHRISTIAN 💗
Thanks!
Agree with all of it & as a newly retired & new collector came to those conclusions with not too many missteps so far. Ty
Awesome! Thanks for the comment.
I’ve been watching you for so long I didn’t even realize I wasn’t subbed bro haha 😆 I literally just saw I wasn’t I’d always just type your name in and amazing video with AC!!!!!!! That was an amazing video ! So knowledgeable!
The only one I disagree with is the barber quarters makes sense getting them in higher grades but the survival rate on some are low
Good point. I think that's the weakest case.. might be difficult to recoup the value in twenty years or so though.
Yea I agree with u I think even in the long run they will hold their value or even increase since they are getting harder to find.
We all been burnt on ebay with thoes unsearched bank wrap rolls with fingerprints all over them! Lol
Yeah! Stay away!
Wheat pennys here.
Haha! I remember getting burnt years ago on 1969 s LMC rolls I bought off of eBay. Although, it was my fault though! 😁
If you want coin rolls, why not go by the bank and buy direct from them?
All of your info correlate well with many of my LCS and bullion dealers as I spoke with them periodically. Thanks for your honesty to discuss most of the issues in the coin collecting world.
Glad the info seems solid! I do my best. Thanks so much.
@@TreasureTownCoins Anybody with common/rare sense will understand your points. You laid out your presentation well enough so people can follow easily, Keep up the good work.
Great ADVICE half way through the video. Thank you and keep it going.✌
Thanks Margaret!
Oh man, I just liquidated my 401k and spent it all on Trumpbucks.
Christian as I said it before , you're knowledge on coins is amazing . Thank you for the info. God bless y'all
Thanks, Gus!
Excellent information! Education is the best thing for the hobby. Thanks for posting!!
Thanks Ontario! Appreciate the support.
New Sub. and new to coin collecting. Great video. Thanks for the info on Ebay rolled coins. I've been tempted but now won't waste my $.
Thanks! There's not too much harm in spending a little money but just know it is unlikely to pay off at all.
Agreed. Although, for everything on this list, if it holds sentimental value for you, then sure go right ahead. I assume you agree with that but just didn't say.
Totally! I think I tried to allude to it... definitely agree.
Love these videos.........maybe you could make a video on platinum......could be a good time to buy ?
I actually don't know a ton about platinum - I will research and maybe make a video!
Thank you for the info. Your opinions are spot on. What is the framed coins on the wall behind you? Is that something you put together, or did you buy it? Thanks!
Hi Thomas - I was given it by my coin shop boss and it's a poster called something along the lines of 'The Periodic Table of Currency' by PCGS
Yes YesYes!!! Great advice! I really respect your honesty and opinion on coins! Wish I had TH-cam when I started collecting!👍🏼😊Lots of Love Bobbi 👍🏼🙏🏼
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Great video. I just subscribed! Here is my question: What is the best way to sell off lower value coins? Ebay? Coin shops? I look forward to your reply.
eBay definitely has more premium! But it could be pretty time intensive.
Great video, I learned a lot from this,you were so open and honest and I appreciate that, but I have always avoided those coins from a mint that's not the USA mint
Thanks Kenneth. Sounds smart to me.
Very much appreciate all your information God bless you and keep up the good work
this guy when at my age will be rich. I'm sure about that, keep this going and you'll be retired soon.
He looks pretty rich already to most people.
Highly respect your decision to keep business and politics separate. Love the videos and your attitude. Thanks for the knowledge
I appreciate it! That way we can focus on the coins and not worry about that (same with my professors, I appreciate them separating viewpoints/class material). Have a good one!
But, the only person mentioned on a coin was trump :/
If we're leaving politics out of hobbies (and I'm all for that!!!), then let's leave it out completely ;)
Nice young fella and I mean no disrespect, but stick with what you said.
Should have left that out completely.
Comes across as you just needed to mention him for whatever reason.
@@davidgrove481 Trump coins are a perfect example for what he was talking about. It's not political to mention U.S. presidents when talking about coins. Think about that for a minute. Also I'm sure there are a lot of new coin collectors out there who should know the Trump coins they bought are not from the mint. What other modern example could he have used for the subject he was talking about?
I like your honesty about giving your opinion as opposed to fact. Makes me feel more open to listening to, evaluating and deciding on if I will or will not follow your advice ;-)
Very informative video . I'm not a coin collector more of a silver collector . If I'm attracted to a particular piece I'll buy it . There are so many interesting & beautiful coins & rounds out there I've found no need in stacking. It takes more time but I rather buy 20 different pieces that I really like then a tube of all the same coin , round or bar . This is my favorite channel to get information from they have definitely saved me from making bad buys . I hope you keep the info flowing . It's impossible to learn to much . I hope every one has a blessed & healthy day ! Peace , Love & Happiness
Leon The Old Hippie
What about #1.25 and #1.75?
Great job you have there.
Keep an eye out for #2.125!
Unsearched coin rolls is a scam, but "grab bags" are a sure-bet. Lol.
😂
Hahahaha thanks
My thought on "unsearched rolls" is the seller may not have searched them but whoever sold them to the seller certainly did. They have likely passed through several filters before reaching the seller. What does one do with hundreds of loose wheat pennies bought in unsearched rolls....perhaps sell them back to the seller at face value? Then if he doesnt search them he can honestly claim them to be unsearched and resell them.
Thank you for this information. It sure will help me when it comes to buying coins.
Been collecting since the mid 1970's..
It was brought at face value back then.
Thanks for your input.
So jealous! Wish I could've started then too!
I am startup to wonder about the 70 s. Maybe... just might wanna look at some sets more closley? 👈
Hi Christian, interesting video. What do you think of the 5 oz America the Beautiful silver coins?
Never buy high premium new 'collectable' coins. Anything that is advertised as rare or limited is not going up in value. In Australia I can pick up 30 to 40 year old proof sets for about double the price when they were new. That has not even kept up with inflation.
I'm skeptical of the Lunar series from the Perth Mint too. To me this is just a cynical marketing ploy to rich Chinese. If the coin is gold or silver? Great! I will back up the truck and buy (assuming the premium is low). But if it's cupronickel? Forget it. Never. Same goes for all coins with paint on them.
Coins are a very tough racket when you try to make money on them. Most of the time you can't even get close to what you paid for them. Great video..
Thanks for sharing this information with us. You did a Awesome job..
Of course!
Yet another great vid with good info Thanks
Thanks!
Premium is far too high on modern commemoratives & Proof sets.
Totally agree!
Premiums are way too high on silver also, damned if I’m paying $30 for an ASE!!
I’m putting all my money into Big Mac coins.
Hahaha
Lol, I have one of those.
Thank You for the info i actually learned a couple things!
Very informative video. Thanks for sharing your experiences.
Thanks Jack - glad to share.
Love coin collecting, it’s so fun and it’s has one of or the best community around it!!
Same here! An awesome community.
Thanks for the video. I just started getting into coin collecting for fun. I’ve more so been collecting what I think is cool looking so far and not what is rare. I bought a couple silver eagles but other than that it’s mostly been random coins I thought were neat. I think eventually once I know more about the coins and do my research I will look into getting more rare, valuable coins
The young man has an awesome Way of demonstrating facts .But the Best part !is the love for the hobby he represents himself and explains the facts that are meaningful very well ty
Thanks for the info bro I am watching and learning
That's what I like to hear!
Nice captain picard jacket dude
Hahaha
@@TreasureTownCoins It`s Epic!
Congrats on 21k subs👍 I just hit 250 a few days ago 🙏
Thanks so much! Keep at it.. with some hard work you can achieve big time on YT!
There was some very good advice on this video. I do buy things that I like personally. They vary from Harris albums that I like to fill in all the way to NGG and PCGS registry sets. I don’t have to make a living off of coins. I understand the points that were made about what a coin shop pays for certain items. Personally I like to buy a proof set from every year. I have done this since I was a kid when there were silver in the sets. If you like proof sets, collect them because you enjoy them, not because they are a good investment.
Treasure Town, you keep making these videos. I am so happy to se a young, KNOWLEDGEABLE collector making intelligent videos. ❤️😎❤️
Great advice. Keep going with it 👍
i'm not collection to make money i'm collecting because i like collecting
Good video overall, but one nit to pick. An AU 55 Barber Quarter is a nice piece. Good type coins will always be in demand, and not everybody can afford a MS 63 stunner.
Good point. Definitely better than most investments (I'd probably buy an AU55 when I get around to it for my type collection). I'm just a little skeptical about long term value, but agree that it's by far much more solid of a buy than some of the other items seen here.
Hey, its always good to a bit skeptical. Great to see new numismatists who take the hobby seriously, and add good content!
That was my nit pick too. I actually prefer older circulated coins EF or at least VF. EF shows the design of the coin quite well to me. I collect coins out my interest in history, with a circulated coin I can think of who may have carried it a hundred and fifty years ago. I am buying history not an investment. I had wondered about all these new coins from the US mint, if they were anything to bother with. To me it seems the mint is turning into a souvenir stand
I agree Glenn, nice circulated type coins are much more interesting to me, and getting harder to find problem free examples...
Great Video as always. You rock man.
I have learned quite a lot from you. I do thank you. Is throwing pocket change in a bucket for 50 years a good thing? What would you do next? I need the buckets..
I believe a true collector should coins for the beauty of them
Thanks.
Nice video. Well thought out. Much appreciated! I especially agree with avoiding buying graded bullion coins. Thanks! T
Thanks for the input!
really great advice, thanks! I am an Australian collector, but it is still very relevant
Glad it was helpful! I really like Aussie coinage.
"Unsearched" rolls on eBay -- I remember one that "just happened" to have a 1931-S Lincoln at the end. Of course, it got a bunch of bids. Coincidence?
I think not!
Don't change a thing Christian. Your are "Spot" on, with this video. You have got such a bright future ahead of you in the Numismatic World.
Appreciate it, Aframe. Thanks so much.
Excellent video, even though one or two things hurt to hear mentioned. I've collected some of the modern commemoratives, more the silver ones than anything else. Now I limit myself to the yearly silver proof sets. I also collect a LOT more world coins, because I can get better conditions and more unusual pieces for less money. I swear, prices are driving me straight out of US coins.
They are not the worst thing though. World coins are really fun (I collect them) and can also be cheap relatively.
Thanks Christian.. very informative video.. learned a lot from it 😊😊