Don't Do This To Family Members - Epic Fail Or Epic Collection?
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Don't Do This To Family Members - Epic Fail Or Epic Collection?
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Don't Do This To Family Members - Epic Fail Or Epic Collection?
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Hey bad ass dude, I totally get what you're saying and definitely follow the Cherry pickers guide, but the lighter stuff like you're saying dude if I'm searching I'm going to look at it / for it if you know what I mean
J
What's worse than over paying for a for a coin in a fancy box? Answer: over paying for a colored, painted, altered coin in a fancy box. 😒
It looks like somebody was staying up late, watching TV and falling for those predatory infomercionals.
Its tough watching old timers getting taken to the cleaners. A little research goes a long ways. I love my local coin shop. Thanks Daniel
😂😅😂
LCS will take you to the cleaners too. I saw my closest LCS pay some dudes 2100 when spot was 2300. I don’t do much business with them anymore
This fella mustve got EVERY Reader’s Digest offer for 45yrs😃
Here's the worst part....can you imagine trying to STORE all that FODDER?......
I’m having to deal with that very problem right now with the stuff that I’m getting from my father. Any of the silver coins that he has given me these cases? I’ve taken them out of the cases and put them into tubes and put them in my silver stack. Same for the gold coin collection that he paid $750 per coin for two 1 dollar coins, two quarter Eagles and two half Eagles.
$4500 for six gold coins that have $2200 of gold. Perhaps worth a bit more as coins given their age but not $4500!
It's sad that someone paid that much for minimal silver and "flashy" boxes with keys. Ya, they're cool but never worth the premium
Omg you're right. They have keys too. That's really dumb.
Not to mention the fact that what are you gonna do with that box? sit on your mantle? somebody breaks into your house & they take the box. They don’t even need the key and they’re gonna sell it for nothin. What a waste.
no US bullion coins are worth the premium. 🇺🇸
If the person that bought these enjoyed collecting them, I don’t see anything wrong with it. Whoever collected them is the one that worked to be able to buy them. If this is the way they got the most enjoyment from collecting, when they pass away, what difference does it make if whoever inherited them doesn’t get as much for selling them as they would if they had collected a different way? The person that sold this collection should be thankful that this collection was passed to them. Just my opinion
@@greggmason8604 I tend to agree with you he/she could have spent the money on drink drugs travel lots of things in the end it comes down to if you get enjoyment out of it that is all that really as long as they do not think that they will go up in value for there children.
While I don't personally buy that kind of silver it is still quite a collection. The person obviously enjoyed those items and while I certainly wouldn't recommend doing that at least they didn't blow it all at the casino. In the end they still left the family with something more than nothing.
Good solid advice. Never buy from these late night infomercial rip off artists.
It is obvious that the buyer was not doing due diligence. BUT, there are times when you just like the collection. Like George Carlin said, "Nail two things together that have never been nailed together before then some schmuck will buy it."
I'd say this collection was an EPIC FAIL 👎👎
All that stuff is what the scammers sell to unsuspecting victims. Such a shame.
Another reason why people should watch your videos, Daniel. Thanks for sharing.
Epic fail if purchased recently. But anything bought in the 90s or older, you got a nice return on.
Thank goodness he liked coins. Imagine how little return there would be if he spent it all on other hobbies.
Bingo! Hobbies are meant to lose money. If you're looking to make money, then it's a business.
Yep he could have just smoked and drank away his money!!
The owner of the Vermillion shop in Florida says he doesn't own any silver. The reason being is that he says he sees what happens to the collections when the people collecting them die. They all get turned into his shop to process by family members who could care less about it. They just want the fiat.
This is a typical novice and /or elderly collector who made many spontaneous purchases.
My great aunt passed away and her children thought she had a fortune wrapped up in a coin collection.
The entire collection appraised for barely $1500.
Gold plated state quarters and modern proof sets mostly, she probably paid 3 times more than the appraisal
Most hobbies loose money, so I would say an epic collection. If they enjoyed it, who cares. But you need to know what you are doing.
You're a great guy man. I hope that when I pass away my family doesn't get screwed over.
You are a kind soul. Thank you for helping families get through tough times.
Collect what you like... just try not to overpay.
I had 4 deadbeat grandparents who were lousy parents and lousy grand parents. On top of that they were into nothing. Well they were into getting drunk and watching tv. No hobbies, no interests. One had a few coins they kept from their change. No stamps, no sports cards. Just a life of tv, booze and fighting in front of their kids. The one grandma did buy a few elvis whiskey bottles and state plates she thought were going to be part of her retirement plan. Of course after 40 years they were worth nothing. Just people that had no interest in anything, especially their grandkids, and didnt know anything. And didnt want to know anything. Just a life of booze, snacks and tv. So yeah, not much left to me by them.
Are you stacking?
@@ronaldperry no, i am selling to try to pay credit cards to avoid 30% interest
@@corruptduboiscountyindiana5058 do what you need to do.
@@corruptduboiscountyindiana5058do your best to cut what you don’t need (fast food, coffee, etc) and invest in physical stuff. I’m sitting on expensive rifles that haven’t been imported or made since 2011 and the price has quadrupled on them making them 5 figures each
Oh MY heaven!....Did that dude get RIPPED OFF or WHAT?
buy silver and gold bullion straight from mass dealers like apmex, the only holder i need is cardboard, poly and staples to keep off fingerprints. so I am buying mostly metal, all sovereign because that's how I like it. I like to support local dealers too, they need business.
Exactly. It really annoys me that people buy gold from Costco instead of LCS’s. I get they are cheaper but do we have to literally get everything from a big box store or massive chain!
Lol
I'm a collector in the UK, and we have a similar issue. There are loads of companies with official-sounding names (such as "London Mint Office", "Hattons of London") that sell very overpriced "collector coins" that are worth very little over melt value. Ive heard the term "Granny bait" being used to describe them, and it's very fitting imo.
Incidentally, i just bought the same case as in 9:40, and it's pretty nice for what it is! The difference is, I only paid £15 for it...
My grandmother apparently had a large coin collection but i can only guess someone came through and swiped it...however buried deep down in an old drawer was a 1886 morgan dollar. Its the only thing of hers i have and its absolutely priceless to me.
To each their own. I like those cases. It was an epic collection.
The family sold too early that collection is priceless.
I can only say that the person who bought these got a great deal of pleasure collecting and accumulating. Doing something good for their family. That was their life and what was important to them. In that way it's an epic collection.
People do that with property, art, bitcoin, NFTs, baseball cards ... there's no end to the things people collect.. Thanks for the tips for collectors who need guidance. we all could use some of that. 💕
ALL THOSE SILVER EAGLES IN GENERIC SLABS! FOLKS PLEASE STAY AWAY FROM THE GENERIC SLABS WHEN PURCHASING ANY COINS PERIOD!!!!!!!!!!
They didn't "cost" their family anything. They earned the money, not their heirs. Now, did they waste their own money? Sure. But for the heirs, it is all free money. And lot of the time, the heirs will have zero gratitude that their parents or grandparents left them anything. I would have loved if my father had left me a collection like that. I would still have it and cherish it. The only thing I have of my father was an old, dull Buck knife, because the died in severe debt and there was nothing left. And I wouldn't trade that crappy knife for the entire collection you just reviewed. Guaranteed, a lot of heirs would just quickly sell it all. Whoever collected this didn't "screw over" anybody except himself. Even so, value is often subjective.
You completely missed this, if I have $100,000 saved to leave my family, and I decide to buy $100,000 of coins in boxes like this from a rip off company, because they made it sound like it would increase in value.
So instead of leaving my family $100,000 I am now leaving them with $10,000 of coin sets and boxes that most dealers don't want to buy and most collectors don't collect. So by doing this, they cost their family $90,000, they might sorely need in times like this AND help make someone else a millionaire that doesn't deserve it.
Just because you like them and would keep them doesn't mean everyone else is like that. It's also okay that some people don't want to collect coins, it's their right, if they don't want to keep sets like this or appreciate sets and boxes like this. People need money more than coins, most can't afford to keep stuff like.
You're only looking at your own feelings not everyone else's.
@@CoinHELPu No. I got your point. My point was who is actually bearing the cost and gratitude. You missed MY point. You aren't "costing" your family anything. Period. YOU worked for that money. Not them. You don't have to give your family a dime in inheritance. You can give it to charity or as in most cases, your debtors. I don't stack coins for my death. I help my children NOW, so they won't need an inheritance. I buy metal, because I am preparing for when the dollar is kindling in my lifetime. So, I would never buy a commemorative set or care about how it was packaged. But that is me. Again, value is subjective. That collector had his own reasons for buying those coins. It clearly wasn't to transfer assets to his children. And my other point is that the children should be grateful they have anything and not feel they were "robbed." The guy liked coins in nice containers. And his heirs now have a nice collection that they did absolutely nothing to obtain but outlive their parent. In many cases, they are going to sell it all off, and then bitch about how he could have bought more silver to give them for nothing.
Again, in your attempt to be correct and not factual, you still got it wrong. People who buy this stuff bought it because they thought the value would increase and would be a good inheritance for their family. I do this for a living and I know what people tell me, what’s in the wills, etc. You do not. You don’t have any authority trying to correct me either with huge rants. The buyers intended to leave these to their family and thought the money they put in it would grow by the time they died and left it. When you put $10,000 in coins, of what you want to leave your family and it’s only worth $5,000. You DID cost our family $5,000 of their inheritance. Thats math and 100% correct.
I didn’t miss your point it’s just not correct. Your intent or opinion doesn’t change the facts. If I make bad financial decisions with money I am leaving my family then I am costing them part or all of that inheritance.
So stop wasting my time and yours trying to be correct about something you have very little experience with. I deal with this daily. I see the tears and anguish and grief. I live it.
Looks like there's going to be a MASSIVE sale on fancy, useless, worthless, display boxes at Portsmouth Coin Shop.....
Yep! lol
Some of what my dad paid for things like this -
BU WWII Mercury dime set, 41-45 from all 3 mints - $19 a coin.
Presidential $1 plated in gold and platinum, then coated in a clear resin to keep the absolutely thinnest possible plating - $25 a coin
Indian head cents - 25, $18 a coin.
6 Morgans, between them all at least one of each mint mark - $200 a coin and 3 of them were 1921…
Then he got two sets of presidential “coins”, 1 oz of silver each - $99 a coin.
Some others as well that I’m not sure how much they cost. Gold “bills” for each state. Plated state quarters.
And now he’s starting a silver proof set of every quarter from 1999 on, at about $33 a coin!!!
I've been saying for years that the Proof-69 or 70 GRADED Silver Eagles is a JOKE! Why can't the grading companies just grade them as "authentic" and leave it at that? Of course a huge majority are going to come back in high grades! Some of these grading companies are as guilty as some of the coin dealers! Also, companies like ICG and some of the TV shows are just taking advantage of seniors!
Incorrect. Grades matter on coins. This individual sold his loot way too early! Grades always determine the value of the coin along with sports memorabilia!
@@JaredR-l4j - grades obviously matters when pricing Morgan's, etc. ASE almost always look like a 69 or 70. I kinda agree on the 70's but any less than that is not much more money than a beautiful raw one. The Grading Companies LOVE IT...obviously, they get paid to grade. Also, grading a modern coin is beyond boring....it's that 1893 "S" that gets the blood pressure up and adds excitement!
@@b-man1232 Absolutely!
@@b-man1232 I still wouldn't have sold all of those coins its too early imo especially with silver prices climbing.
its obvious the guy loved what he bought but yes he spent needlessly(I agree with Daniel)...I wont say reckless because he it is so evident he loved them!
Wow, someone overpaid, too bad. neat coins but you never will get your money back. thanks for the video. hope it will help new collectors not fall into the same trap.
10:44 Rule #1... You should never rely on, expect, or depend on someone else's wealth for your future. Always provide the best financial security you can for your own future. Nothing is for certain.
I stack all kinds of silver that I buy cheap. Recently I was talking to a coworker and he said that he's been buying gold plated "tribute" coins to leave to his granddaughter. It broke my heart.
Ooh bless him though good intentions
Oof I woulda given him 5 ounces of silver and told him what to stack
Care facilities can depelete all cash savings, but coin collections are untraceable. Good choices were not made, but that is history at this point
But this is someone else's present or future and if they see this video that might prevent another act of irrevocable history.
@@CoinHELPu 💯
When my grandfather began collecting coins there was not much information available. He obtained his items basically by mail order in the 1960s. He knew enough to buy directly from the US government. My first silver eagles came from one of those middle of night shows and commemoratives from Kmart in the 1980s. Times have evolved. Sometimes when I am sitting and waiting in the coin shop, I watch family members cry openly in shame and horror at some of these enormous magazine purchased collections. I see many coin channels never give any historical perspectives as to how these type of collections happened. Silver stackers have really changed the silver, bullion, gold, and numismatic game. My brother who was homeless taught me about silver stacking when most family members would just tell him to “shut the f…. up” I laugh now, because he is the one that inherited grandpa’s collection.
Good Message
If you are going to collect fancy overpriced items, let family know. Thats great advice. 90% of what I collect but 10% is stuff I really like that has some serious premiums. Will my kids get that premium in the future? Maybe maybe not.
Good show. Going to the stores I rarely see the young collect. There is one kid that comes in. He seems to buy silver slabs. He's probably 10 and comes with him mom. Great to see.
You always criticize collections like this. With the aura of “ this guy was stupid “ . Why not just let people do with what they want with their own money. How many people by cars, cards, or other collections they like just because they like it. Ever thought it wasn’t about the money but something they liked and bought and made them feel happy. It’s the ignorant greedy grandchildren that think they struck gold. Let people do what they want with the money they earned that makes them happy. Geeze!
You didn't bother watching the entire video and all that I said and the solutions I offered collectors. It's a shame too, that you can't look at what I do from a different lens that people need to be warned about this. His dad could have bought so much more and left so much more, but you just want to gripe about a help video.
It's an oxymoron, you try to tell me what to do by telling me not to tell people what to do. I would recommend just not watching my videos. I will do what I want with my channel, use your own logic for that, and don't tell me how to do it. Cause I am not stopping these videos, there's years more of these to come. So you wasted your chance to find the good it offered or to even watch all of it to the last second.
It's just sad that a lot of people don't really do their due diligence when they look into precious metals. They just have some kind of retirement saved up and they decide to buy some pretty coins without doing absolutely no research. I would bet a lot of these people don't even know what spot price is. They see these TV commercials about coins and they just buy. and then they get scammed by some of these monthly subscriptions for stupid coins etc. They would've just put their money in generic 90% or generic silver and gold rounds, they would've did much much better.
This is a PERFECT Example of what NOT to Buy - The wooden display cases are very nice - Lots of CLEANED Coins - I feel sorry for the family who's relative wasted so much money.
Yeah, but this collection is worth some money. Better than no money. The person could have wasted his money buying beer, woman, and smokes. The crappy part is: the collection is a mix of everything and the kitchen sink...someone will have to go through the whole thing. I would bet the buyer will just offer a price to get it all, and the seller will be happy to get rid of it, they will accept a lower price than it's worth.
A dealer doesn't pay what a coin collections worth, but he got at least melt for his coins here, and over on some.
Its like with stamps, cigar bands, antiques and any other thing you can collect ( hell people that collect statues like sideshow collectibles are having difficulties selling them ). People also need to realize that if you sell it to a coin dealer, they run a business and they need to sell those. So yeah you can have a gold coin that on auction can net 25k+ but a coin dealer will never pay that much because its local coindealer for local market.
THANK YOU for making this wonderful video. Great advice, no matter if its coins, antique furniture, antique books , statues, stamps, "vintage toys", cigar bands what have you, its always best to not go full overboard but spread it around.
Yeah i also made the "mistake" of having coins in these wonderful wooden cases, though i do not see it as a mistake since its more as a "safe space to store "
I am glad I saw his videos. Littleton coin company caught my eye on several occasions. Luckily, I did not do too much damage. Sticking to clean tubes of Buffalos, Maples, and Eagles. My kids can dump them at a local coin shop when the price is up hopefully in the distant future. I told them I would haunt them if they did something silly.
The take away here is to sell off your collection as you come to end of life. Your descendants won't have any interest in it, and won't have any expertise regarding disposition.
Personally, I have an ancient coin collection. I've given away a bunch if the low value stuff to some young collectors who are enthusiastic, and I'm about to send the high value stuff off to a professional numismatic company for selling off.
In the end, after only 15 years of collecting, I will have lost money. Its a hobby, and hobbies lose money, while businesses make money.
The Dearly Departed Collector , probably loved to late at night, grab a Beer and Eye over the coin Horde 👍
🥈🏅👀 🍺
I only have these kind of things in my collection for 3 reasons. Inherit and personally like. I also get boxed commemorative silver from my LCS when he has them because he just sells them for loose coin price, which means he only pays that.
I've had a friend of mine inherit a much smaller collection that was primarily purchased from a very well known Colorado coin business. The items were overgraded, many cleaned, and overpriced, but not 200% premium. All common dates and almost all worth melt or slightly more.
It's always difficult, but the only ethical way to respond is the truth. Sometimes the truth includes "I'm sure your uncle got lots of enjoyment putting this together".
Dont fall for packaging. The silver is all that matters at the end of the day.
I really feel bad for these folks...and it truly infuriates me against the late-night ripoff artists ( I won't mention Mike "Sleazack" ) !!! I have bought 3 or 4 silver coins in my life that I WANTED to collect because I LIKED them...my "Moth man" and Penn State football silver rounds comes to mind...BUT...I KNEW I was paying a healthy premium for them because they were special to me and my wife. It is TRAGIC to see a collection this large that you KNOW the monetary value will NEVER be recovered in their lifetime. SHAME on these ripoff companies that know exactly what they are doing to people !!! Yes , people should do their research , BUT , i can NOT TOLERATE WILLFUL CROOKS !!!!
I have learned a lot from you, started truly collecting and learning a couple years ago although Iv'e been saving cool coins sinse I was a kid because I like coins. Anyway,, thank you foryour insight and knowledge.
The Queen's Beasts will hold their value.
When Mike Mezack says "red oak" I say shut up and take my money!
Plenty WW2 generation spent tons of money from TV infomercials.
IF that kind of inheritance fell in my lap, it would be worth keeping or selling for fiat.
I bet that their cost average would be pretty low. lol
However, I agree with your advice against paying way too much.
Years of metal detecting as given me some very good key dates and a lot of sell sliver . My grandfather gave me over 300 Indian heads he was given as a kid in the 20s so I don’t really buy coins but would like to get an uncirculated standing Liberty quarter just one . Have got a few in very nice condition just like my second seated dime I got 1877 very good shape full Liberty and details .
Beautiful specimens but waaaaay over priced. Somebody is paying for the box and not the coin. I've been guilty of doing that myself once or twice. Call me crazy but I've made my own homemade type set album just in case anything catches my eye, even though I already have one or two of the same ones.
Daniel always says that you need to do your homework.
It's sad though some people don't know any better. Hopefully someone that doesn't know any better will know in the future after watching Coin Help U. As always I appreciate you Daniel.
Thanks Daniel for another great episode, it's fun!!!
Interesting presentation.
Very cool and unique coin boxes may be found at thrift shops, flea markets or support your local wood worker/artist.
Have been contemplating on making my own.
Stack on!🇺🇸🇻🇮
I don't have a massive amount of coins. Some graded..some stacked. I never bought these things thinking oh how can I hook my family up after I die. Ummm yall getting the house and everything else. I do have a ton of comic books. Some valuable but I bought them to read. Kids were never interested in those same as coins. Why would I be worried about leaving to them. I hope to be leaving them knowledge about earning a living and supporting a family.
Now the boxes...unless those boxes are made in China or some other place many boxes are priced higher than some of those sets shown. Jewelry Boxes can easily run 800 to a thousand bucks and even higher. So might want to research the display. Soon I'm going to be making high end gun display cases.. im expecting those prices. Shadow boxes...sure you can get cheap ones from hobby lobby but a wood worker will charge big bucks.
Just food for thought.
If the man bought those coins and he enjoyed them, who the f*** are you to judge him? He doesn't owe anything to his family, they can earn their own money. Maybe get a brain and accept when you are wrong.
He bought them believing they were a good investment and would increase in value, so he could leave them to his children. It was his intent and he lost a lot of their inheritance. So it’s not about being right or wrong. If one plans on leaving coins to their family then it’s best to not buy off TV ads or ads in the back of Veterans magazines because they prey on the elderly and certain demographics.
So I am 100% correct, this was a bad investment on his part. As far as what you think about it or me I could care less.
@@sailfly2869 or he could have found better deals on coins to leave.
Newspapers advertise ASE for astronomical premiums!😱😱😱😱!
First of all, educate yourself.
Decide to be a person who accumulates gold or silver as an investment or a hedge against inflation.
Or decide to be a coin collector (numismatist). There is a difference. If you are both, keep the collections separate.
Know the difference between a numismatic rare date and artificial, scarce items that are not government issued coins,. They are called rounds..
Know how metal is priced. What is the spot price and the buy/sell spread. It is very important to know the difference between Troy & Avoirdupois?
Finally, do not show-off on TH-cam. You will be making yourself a dangerous target...
automatic depreciation buying these box sets... pretty, maybe waiting on a "greater fool" to maximize value...
Image a coin dealer spending all the time to put together a fair price, that isn’t really worth a lot. And, if you do buy it, how long will it take to list, sell to get your money back.
I'm dealing with one of these collections right now from my mother-in- law. Bradford, PCS, American Mint, Littleton, Mystic, etc. We've thrown away a dumpster full of display cases. I'm collecting the regular coins in albums, selling much of valuable stuff at a dealer, and trying to figure out what to do with the junk.
Could be worse, might have just left debt and old socks
Yall nuts lol
sad but educational video Daniel
Epic fail. If this collector invested that much money in the Dow 30 when he started his foolishness it would be worth 100X the value it is today. Collectables are only valuable to collectors. This hold true for almost everything from baseball cards, firearms and automobiles.
Some of these are fantasy strikes or privately minted pattern medallions. Nothing wrong with liking those...many collectors do. Also I feel the same with topical medal sets or NCLT from island nations with themes of interest. Bradford is recently doing some Vietnam Medal series, to me a must have and will never sell. Fun sets to honor my father who served in Vietnam. I actually thinned out my collection on some privately minted patterns etc and they sold for a profit on Great Collections and Ebay. They attracted much more interest than modern US Mint Commemoratives. 100% Agree on coins one can get anywhere like eagles and morgans.
Any coins or gold advertised on TV is going to be massively overpriced. Those commercials are very expensive and the companies include that in the price of coins or gold sold.
IMO a total ripoff. Most of these coins are just worth the silver in it. The medals, so creative creations that look like coins, are definitely only worth the silver.
You'd be better off buying Krugerand gold coins, or just bars to pass them to your family.
This video came up in my recommended & reminded me of my coin collection that I stopped adding to after I'd bought a lot of 1999 & 2000 coins from around the world.
I can't remember the last time I looked at them as they've been stored in an unused cupboard ever since.
I'll have to dig them out & see what "state" they are in but hopefully they're in good condition as they're mostly in sealed holders that I've never opened.
Probably time I sold them as now I think about it they're worth more to me in real money than any value they gave me in the past as a hobby item regardless of their current value.
Wow, this guy better Hope silver makes it to $100 just to break even. The plastic holders is where I spent all the money.wow trying not to put laughing emoji
I was criticized on a auction sight by a seller because all I would buy was raw coins. In my mind for the price of one graded I could have way more raw coins especially ones I didn’t have. I own a few graded mostly raw coins and some sets like those but bought at a low price. Coins are a longterm investment. It’s also personal preference. The boxes and holders cost may more than the coins. If I die I know I left untouched money to my family. The one thing is for certain I won’t be rich and neither will they. It’s like a low interest savings.
I love the boxes actually! What I don't like is that having those included skyrockets the price of in my opinion rather mediocre-looking coins. I can't call myself a coin collector,at least not serious one for sure. I mostly collect coins based on country of origin.
epic fail, morgan mint franklin all these tv coin dealers mint all this stuff was sold to old people on nightly shows during the 80s. they charged way overpriced and charged credit card leaving tons of olds people in debt. pcs isnt that bad necessarily. but still not the best either.
I think if you are planning on collecting gold or silver coins first you need to decide what you want them for if it is just to stack have something of value to pass on then just buy what is priced as near to the price of gold or silver as you can but if you want to have a proper collection you need to put the work in find our the real value of the coins that you want to buy and as this guy says buy your own boxes to put them in I see it all of the time TV adverts for coins in sets or boxes priced way above there real value do not be tempted to buy them
I do like the presentation, but not at triple the price. Great advice as always. Wish you were local to me. Here in WV
I only buy for stacking so i almost always buy the cheapest one Troy ounce bouillon like krugers and leafs. ❤
Good video to alert the collectors out there who aren't well versed with the details of collecting.
Very informative, all that marketing stuff seems very worthless to me
Thanks Daniel. When I first started out in this hobby, I made some mistakes. But I was fortunate enough to be able to watch videos like these to warn me of some of the less than ethical companies out there overcharging on their products. I really appreciate your help in educating the masses. Keep 'em coming Daniel!!!
The level of his collection is so far above most people’s mind it is ridiculous. Obviously it had nothing to do with actual values of silver but he created a thing of beauty to be looked at/shown off, not hacked up and sold off at flea markets. It was never built with selling in mind, his family has let him down. They deserve to get screwed!
He had to die sooner or later. Did he expect his family to keep that stuff?
@@jeffw1267there’s a word for that…Heirlooms
@@jeffw1267😂😅
These are not heirlooms and that was not the intent of the collector who left these coins, he thought they would be worth more for when they left them to his son. You can't bully your family into keeping something you leave them that they don't want.
I hate to admit but you have a point, this video hit a nerve with me because my family has no interest in coins at all. I’ve had 2 heart attacks already and have started to catalog my coins with notes and values for the family to use so they don’t get screwed. I’ve been buying coins since I was 16 yrs old and continue to buy even just yesterday. I don’t have any fancy boxes or even ways to display them.
My collection has always been based on bullion for a SHTF event with about 25% from our RCM. I have never bought a mint error coin lol most are in original mint packaging a lot never opened.
I intended that they hold them for a SHTF event also, even at melt price there would be a significant profit for them. (If they understand basics, which they don’t) It hurts me to admit your right that they won’t keep or value my collection, no I can’t force them to hold onto anything, they wouldn’t even bother to read the catalog of coins and values I’ve been working on either. Time to switch from collecting to selling…I might as well enjoy the money myself!
Great video Daniel. This is the kind of videos I can share to my friends who don’t collect but are interested and they find companies like this who target them and their relatives through ads on tv or fb.. I try to tell them but this video really helps..
People like to slam people who buy these products and call them fools but remember they may have bought these just vecause they liked how they look with no thought or desire to profit from them. People see value in different ways
For the record I did not slam anyone for buying these, my entire video should be watched before commenting. I explain it in detail, what I think.
@@CoinHELPu I did watch it....and you harp on that people who buy these should just go to a LCS and buy the components there to do this cheaper instead of "wasting you family's inheritance" as you assumed they were buying them for future value. Secondly my comment was not directed at you...I said "people" not "the host". I have collected coins for much of my life along with other collectibles and it is amiss to impart your own values on someone else's buying decision. Sometimes people are happy to pay outrageous premiums (compared to the items resale value) simply because they like how it looks, the ease of buying the set all at once, or the ease of having it shipped to your door. We aren't all in this for profit (even though I am...lol)
I never slammed anyone. I offered sound advice and alternatives to buying smarter. The fact is, he did buy this for future investment, that’s how they’re marketed to, and so did most collectors when their relatives bring them into the shop. I do this for a living, people who know coins well don’t buy this stuff. Once they learn better, they use my advice. It is wasting part of the inheritance, that’s math, it’s not my opinion.
Sadly companies at Bradford exchange get over on my 90 year old grandpa all the time
Give to the family members that you care about when you are alive. You can share in that.
Alot of wasted money. They loved Bradford
Good Video. A great summary of the con sharks products out there.
Yes there are 10 coins in the queen’s beasts series. I love those coins but I bought mine individually from the Royal mint
I don't collect coins and have no plans to so ...however, coin dealers like this guy would have a completely different presentation if he were to sell them from his shop ...like a car dealership... your trade is treated as worthless until it sits on their lot....
What a bold face LIE. You have NEVER been in my shop or bought anything from me. I most certainly don't sell this stuff as high quality after talking about it as a bad investment,. I sold all of these for what the coins actually go for and can prove my sold price. Go somewhere else with your lies and negativity. You don't know this business or how I run mine. What a first class jerk.
I feel bad for people that fall for the infomercial scams.. Poor old people just don't know any better.
Epic collection the seller sold too soon and should have held for the long term!
Priceless information sir....thank you.
I wonder if all the money helps Mr. Meezak sleep at night?
Did anyone else wait the entire video for this guy to make a point?
Not even when I didn’t know anything about coins I wouldn’t have bought these coins.
Well they had fun tv shopping at 2am
Can't believe the amount of people that fall for this
Just because you put a turd in case does not make it a museum piece. Sorry for being crude. I would suggest buy good coins with great dates and build your own cases with your kids or grand kids. I collected starting in grade school. Had a good collection and sold them to pay for my last year of college. I wish I still had the collection but I made a choice. Everyone should see the collection at the Smithsonian. I spent many hours there.
Sounds like it's your collection in the Smithsonian.
All that stuff is a ripoff. Unfortunately not everyone knows it. It also takes up a ton of space with all those huge boxes. The love of coins doesn’t always mean knowledge about coins.
Damnit dude, I so worrie, that my kids are not going to pay attention to what I taught them
I do coin auctions and see this overpriced junk all the time. It's a shame people get ripped off by these unethical companies. Right now, there is one of the companies Dan exposed that is selling silver plated coins for nearly $50 each--they're worth the price of a shiny commemorative medal made of pot metal sold for souvenirs. I soon have some coming up in an auction. My client spent over $400 for a collection of them. He now knows he's going to get a major haircut. BEST VIDEO EVER, Dan!