I've collected for over 30 years and let me state this: there are some coin dealers who are crooks and I mean crooks! When you find a good dealer you stick with them. Have a great day!
I'm serious about starting a coin shop here in my area and your videos have done nothing but educate me in ways that books cannot! I'm 20 with only 10 years of collecting experience, so your videos have been helping me become more knowledgeable so that I can be as honest as possible when making deals! Thank you Daniel!
Daniel, I cannot watch you without enjoying while I learn, We all have emotions, no problem, It's what we do as we react to others that makes the difference, I always hear so much wisdom when you teach us, I will not only feel great about buying from you, I trust whatever you offer me if I sell to you!! A big issue I see and have seen is that people don't understand honest coin dealer's are just like everyone else in any business, money must be made, that's called making a living. Yes, I most certainly will buy from you, hey, the education is worth that alone!! Thanks Daniel!
Folks, out of all the posts Daniel has posted, to me this one is the most valuable. Daniel, you added the most valuable information I've seen yet. You add the "what-if" part that a lot of folks don't, myself included, think about. There's more to coin collecting than trying to see if you're dealing with an "questionable" coin dealer. Daniel, you can be a member of the Round Table, but to me, you belong to the golden table! Fair, truthful, and this is one of your b e s t postings yet. And this from a guy from that S.U.N.!! Very well done.
I had a dealer when I lived in NC that I trusted more than anything. One day he proved his honesty to me. He had a complete set of Barber Half walk in from an estate and paid what he thought was a fair price for it. After business settle down he had time to look over everything again and realize he had an 1892 Micro O in the set. He had me look over it and confirm it was a Micro O so he called the estate to let them know he owned them more money because of that one coin.
If you’re familiar with my channel, you know I go to a ton of coin shop videos. I can verify that every single one has a different feeling. I agree with you 100% regarding that comfort level being so important. I’ve walked in some and felt welcomed immediately and I’ve walked in some and dealt with some very abrasive dealers. Thankfully, I’ve found more good than bad. Thanks for another excellent video! Thanks for sharing that Roundtable website!
I've purchased from you and other dealers who are connected to Roundtable. I have never been disappointed with your honesty and service. Great tips! Thanks!
Great video! You hit the nail on the head regarding comfortability. Those who do not have a LCS that they are comfortable with are lucky to have you, and those of us who are lucky to have both have hit the jackpot!
Another great video. Coin dealers/brokers are in business to make money and in business in general the higher the risk the higher the profit. Dealers however are usually not at risk because they're knowledgeable. I have never sold a coin in my life but will be getting into that soon. How I would approach it is to try to agree on a value based on grade, nuances and the information available on the coin, once that is established I would try to get between 60 - 70 % of the retail which leaves more than enough room for the dealer to make a fair profit. Humbly and Respectfully.
If you act professionally and know your coins that reflects to the the LCS owner and thay will appreciate you more. Just because a coin sells or is posted for a curtain amount doesn't always mean your particular coin has the same value. Knowledge is king.
Great video! Daniel, when it comes to buying coins it is amazing to me see some posts saying that the Coin Shop ripped me off, or charged me too much. With all the tools from your other videos, Blue Book, Red Book, Greysheet, Ebay, PCGS and NGC Price Guides for Graded Coins, etc., and then the enlargements one can get buying the individual coin online. If PCGS, NGC, ANACS, and ICG Grade it MS quality, then it is probably a pretty good coin. If a person pays too much for a coin it means they are not thinking about their purchases, they are just making emotional purchases. Be wise on your purchases people, and there are some Online Coin Stores that may be better prices on Coin Supplies, (Littleton is who I was thinking of). Nobody is forced to purchase something!
Thank you for this strait up discussion. As a recent convert to basic coin collecting, I appreciate this kind of candid talk and resource. Thanks again.
I live in Cincinnati which is about 2 hours from your shop. I will ONLY buy from you. ! You have been honest and fair with me many times in the past. Good luck in the future.
Some newer collectors get their red book, self grade the coin and in their mind that's what it's worth so they know you need to make money. Say it's a $500 coin and in their eyes, you should give them $495 and you make 5 bucks, after awhile they'll find out things don't work that way. A good way to learn is to go to a local coin show and you can talk to several dealers and you learn the business better, some may be better but I always found there'll be a couple that are just down right dishonest, some interested in flipping coins fast without really looking at them but most seem to be as fair as they can be so they can enjoy the job and make some money. Then like you said you meet a few you feel comfortable with.
The coin dealers in my area are a little sub par. If the shipping is not justifiable I will drive the 200+ miles from my house to see Daniel, Don and Andy. I have sold collection after collection for friends, family and some of my own to Daniel and company and will continue to do so. They are better than fair. People don't understand that if a dealer doesnt sell a particular coin in volume they may not be able to offer the most for it, it's nothing personal, just business. Whoever dissed Daniel probably doesn't understand how the business works. Daniel is as honest as it gets, unless they decide to get out of the coin business, I will always buy and sell with them.
Daniel, I have the feeling someone just treated you that way. I am sorry for them as if I was local I would go to you ALL the time and even from afar appreciate your insight and efforts. Cheers!
Daniel , when i tried to get my one gold 5.00 gold coin appraised i was only told the melt down value by a coin dealer he didnt give me the value of it being its actual worth of it and yes it was a MS one, And it was a fraction of the amount it was actual worth. they go off melt down value not true coin value.
I have a dealer here in Tucson that is the quintessential dealer - Old Pueblo Coin - Ben - goes by TheCoingeek on TH-cam - th-cam.com/users/TheCoinGeekvideos Best Wishes
@Michael Goodspeed you can't be tricked on something you're educated about. If you sell a Morgan Dollar then you should know what it's worth, then you know if the offer is fair.
My friend and I have been going to shops and coin shows for decades. We know which tables to avoid at the shows because these dealers have a reputation for either overcharging or overgrading coins. Our pet peeve is the haggling by dealers over ungraded “slider” coins - dealers that will charge a higher price for a coin that doesn’t fit the grade.
Have you ever heard of coin dealers palming coins from a customer or replacing a valuable coin with a less valuable one of the same sort? What should a customer do if they take a coin in to be appraised with other coins and they cant find that coin when the dealer gives it back, or you find one of the same kind but not the back you remember on it. After say they dropped it behind the counter? What would you do if you are not sure?
I really wish there was a nice comprehensive wiki of all of the coin shops in America. I tried my zip code on the Roundtable site and the only listings near me were one brick and mortar and two order-by-mail dealers. I know at least 6 totally legit shops they are missing. A few years ago, I was looking for a specific coin and tried calling every authorized PCGS dealer per their website in the state and over half of them didn't even have a valid phone number. This shouldn't be so hard.
Hi Daniel.Thanx for the vid.I found the distribution of the dealers in that organization interesting.(according to the map). I have been a collector for 15 years, but was not aware of the group.
First love you channel, but I keep hearing about idiots thinking they have something worth a fortune and getting pissed off. These things happen in any industry. My issue with most coin shops in the last 20 years is twofold, indifferent owners and terrible inventory. I get excited about going to an area shop when traveling only to find scrub coins and TONS of bulk silver for sale. It seems like dealers put the scrubs I can buy all day on eBay on display and the good stuff they auction off in the back room. I don’t even get to a point of an honesty issue as I never find anything special at 95% of shops to discuss. I find more on Auctions and sites like yours then at most brick and mortar stores.
Thanks for the video, I am looking for a local dealer to build a relationship with, how, upon your good advice to look on Round Table Trading I found not a single Round Table dealer anywhere nearby. Ogden/Salt Lake Area of Utah. What would be your net suggestion?
People selling coins in my neck of the woods travel an additional 75 miles to Pittsburgh to sell their coins. Why? They routinely receive 3 times more money than the local coin shop.
"anyone"? I did this video just for people like you, your perception of honesty is off. It's not the dealers it's your expectations of your coin values are off.
@CoinHELPu okay, maybe I'm just " OFF period. Seems like no matter what I say, I'm wrong. 🤷♂️, sorry. It seems you dislike me. I didn't put a value on my coins; I need help knowing what is valuable, actual doubled die, etc. I'm 65, have trouble seeing, cataracts that aren't ready to be plucked, etc. That's my problems. I just don't know or see the value of my coins. Sorry to bother you, but I won't again. I valued your work and opinions. 🤷♂️
Graded or ungraded? You can't know if an ungraded coin is worth $5,000 or not. A graded coin I can using auction records and would pay 30% less than recent sold values. So I would pay at least $3,500 and that depends on the eye appeal and luster of the coin as well. I could go higher if the coin is exceptional. Values and what coins actually sell for are often two different things and once you jump into the $5,000 range there's less people that can afford coins like that.
I like to walk into a shop and look stupid, which isn't hard. I let my eyes go out of focus and let my mouth hang open a little, and pause before answering any question. An ethical dealer would still give me a fair offer.
I would not have bought from you if I felt you are a rip off. You have to be the most open person on how you run your business. You ever get a Dentist that is having a bad day just before he does a Root Canal on you. "RUN".
I got this big jug of pennies grandmother passed away 3 ,4 years ago i found old pennies like 1957 D mint mark i mean so far i bought this book to filled up with penny that's worth money like 1977 no mint mark TH-cam said sold for 1 million something.i don't see it i just want fare price
With an honest coin dealer how high does silver spot have to get before they would pay 20 times face value For 90% silver I know it depends if they needed or not I would just be curious thank you
RoundTable website roundtabletrading.com/#
Our Website portsmouthcoinshop.com/
CoinHelpu Community coinauctionshelp.com/forum/index.php
I've collected for over 30 years and let me state this: there are some coin dealers who are crooks and I mean crooks! When you find a good dealer you stick with them. Have a great day!
I've been collecting for only 4 years and yeah, I've been scammed many times from those crooks. And I still have many things to learn
I'm serious about starting a coin shop here in my area and your videos have done nothing but educate me in ways that books cannot! I'm 20 with only 10 years of collecting experience, so your videos have been helping me become more knowledgeable so that I can be as honest as possible when making deals! Thank you Daniel!
Anyone know any dealers in Northwest Phoenix area? I'm about 20 miles away from Wickenberg
Let's just have all coin dealers like Daniel then no one will have an issue. Great video as usual. Thanks for posting this.
Daniel, I cannot watch you without enjoying while I learn, We all have emotions, no problem, It's what we do as we react to others that makes the difference, I always hear so much wisdom when you teach us, I will not only feel great about buying from you, I trust whatever you offer me if I sell to you!! A big issue I see and have seen is that people don't understand honest coin dealer's are just like everyone else in any business, money must be made, that's called making a living. Yes, I most certainly will buy from you, hey, the education is worth that alone!! Thanks Daniel!
Folks, out of all the posts Daniel has posted, to me this one is the most valuable. Daniel, you added the most valuable information I've seen yet. You add the "what-if" part that a lot of folks don't, myself included, think about. There's more to coin collecting than trying to see if you're dealing with an "questionable" coin dealer. Daniel, you can be a member of the Round Table, but to me, you belong to the golden table! Fair, truthful, and this is one of your b e s t postings yet. And this from a guy from that S.U.N.!! Very well done.
Thank you!
@@CoinHELPu My pleasure sir.
I had a dealer when I lived in NC that I trusted more than anything. One day he proved his honesty to me. He had a complete set of Barber Half walk in from an estate and paid what he thought was a fair price for it. After business settle down he had time to look over everything again and realize he had an 1892 Micro O in the set. He had me look over it and confirm it was a Micro O so he called the estate to let them know he owned them more money because of that one coin.
Good morning Sir Daniel! I'm with you young man. Sometimes I'm the problem, but I try not to pass it off on anyone else.
There are good and bad people in EVERY profession. Thank You.
If you’re familiar with my channel, you know I go to a ton of coin shop videos. I can verify that every single one has a different feeling. I agree with you 100% regarding that comfort level being so important. I’ve walked in some and felt welcomed immediately and I’ve walked in some and dealt with some very abrasive dealers. Thankfully, I’ve found more good than bad. Thanks for another excellent video!
Thanks for sharing that Roundtable website!
I've purchased from you and other dealers who are connected to Roundtable. I have never been disappointed with your honesty and service. Great tips! Thanks!
Great video! You hit the nail on the head regarding comfortability. Those who do not have a LCS that they are comfortable with are lucky to have you, and those of us who are lucky to have both have hit the jackpot!
Have a great day Sir! You deserve it. Don't let others get you down.
There isn't a corrupt bone in your body . great man of high moral character
Another great video. Coin dealers/brokers are in business to make money and in business in general the higher the risk the higher the profit. Dealers however are usually not at risk because they're knowledgeable. I have never sold a coin in my life but will be getting into that soon. How I would approach it is to try to agree on a value based on grade, nuances and the information available on the coin, once that is established I would try to get between 60 - 70 % of the retail which leaves more than enough room for the dealer to make a fair profit. Humbly and Respectfully.
Thanks Daniel, I live in the Akron area but hope to someday visit your shop.
Always on the lookout for honest dealers.
If you act professionally and know your coins that reflects to the the LCS owner and thay will appreciate you more. Just because a coin sells or is posted for a curtain amount doesn't always mean your particular coin has the same value. Knowledge is king.
Very informative, I'm new to coin collecting
Great video! Daniel, when it comes to buying coins it is amazing to me see some posts saying that the Coin Shop ripped me off, or charged me too much. With all the tools from your other videos, Blue Book, Red Book, Greysheet, Ebay, PCGS and NGC Price Guides for Graded Coins, etc., and then the enlargements one can get buying the individual coin online. If PCGS, NGC, ANACS, and ICG Grade it MS quality, then it is probably a pretty good coin. If a person pays too much for a coin it means they are not thinking about their purchases, they are just making emotional purchases. Be wise on your purchases people, and there are some Online Coin Stores that may be better prices on Coin Supplies, (Littleton is who I was thinking of). Nobody is forced to purchase something!
Thank you for this strait up discussion. As a recent convert to basic coin collecting, I appreciate this kind of candid talk and resource. Thanks again.
I live in Cincinnati which is about 2 hours from your shop. I will ONLY buy from you. ! You have been honest and fair with me many times in the past. Good luck in the future.
Thank you
Great video.. Always find a Coin Dealer that you can build a solid relationship with.
Best advice is to know your coins and there worth
Finding a good Coin Dealer is important, thanks for the video.
It's all about educating yourself. Thanks for doing your best.
Awesome video to inform us of honest coin dealers like youurself
A wealth of information! Thanks for assisting and teaching us through your video posts!
Another awesome video full of great information. Thanks again Daniel
Some newer collectors get their red book, self grade the coin and in their mind that's what it's worth so they know you need to make money. Say it's a $500 coin and in their eyes, you should give them $495 and you make 5 bucks, after awhile they'll find out things don't work that way. A good way to learn is to go to a local coin show and you can talk to several dealers and you learn the business better, some may be better but I always found there'll be a couple that are just down right dishonest, some interested in flipping coins fast without really looking at them but most seem to be as fair as they can be so they can enjoy the job and make some money. Then like you said you meet a few you feel comfortable with.
You’re right if your honest with the dealer from my Experience they treat you the same way. Thanks for sharing Daniel 👍
The coin dealers in my area are a little sub par. If the shipping is not justifiable I will drive the 200+ miles from my house to see Daniel, Don and Andy. I have sold collection after collection for friends, family and some of my own to Daniel and company and will continue to do so. They are better than fair. People don't understand that if a dealer doesnt sell a particular coin in volume they may not be able to offer the most for it, it's nothing personal, just business. Whoever dissed Daniel probably doesn't understand how the business works. Daniel is as honest as it gets, unless they decide to get out of the coin business, I will always buy and sell with them.
I wish you had a shop down here in N. Florida, I don't know any coin dealers around N.florida.
Hey I just want to say I love ur videos ur very informative I've learned so much from u
I love ur attitude
Daniel, I have the feeling someone just treated you that way. I am sorry for them as if I was local I would go to you ALL the time and even from afar appreciate your insight and efforts.
Cheers!
Multiple times, different people. I've been doing it a long time, but it wasn't just about an incident.
God bless you
Good Morning Daniel!! 🍵 LOL at "You're not as good as you think you are!" 😀😀😀
Can't please everyone, you do the best you can... You're doing fine!
So True everyone is different no one is the same. Just talk to them and see were it goes. Might be good or bad you will figure it out.
Daniel , when i tried to get my one gold 5.00 gold coin appraised i was only told the melt down value by a coin dealer he didnt give me the value of it being its actual worth of it and yes it was a MS one, And it was a fraction of the amount it was actual worth. they go off melt down value not true coin value.
Unless they’re graded MS then melts a fair offer in a common date and mint coin.
Thanks❤❤❤
Hello from the great state of Michigan
Why do we need to find Coin Dealers? We have you.
Thanks! But some people need to see someone in person and I am ask this question often.
I think most people are honest. I am leary about those who proclaim how honest they are over and over.
But, there are people who go though the motions to appear honest, but some are not and sometimes you may not realize it until it is too late
@@michaelgoodspeed846 You'll get better at discernment.
I have a dealer here in Tucson that is the quintessential dealer - Old Pueblo Coin - Ben - goes by TheCoingeek on TH-cam - th-cam.com/users/TheCoinGeekvideos Best Wishes
@Michael Goodspeed you can't be tricked on something you're educated about. If you sell a Morgan Dollar then you should know what it's worth, then you know if the offer is fair.
This is easy, Everyone should just buy from you. Problem solved.
Not everyone wants to buy online or travel to Ohio.
Honestly I needed this video 😉
thanks for the info
I do trust your judgement Danial,but could not help but notice all the books in the back groud
thank you so much!
I do have to add that you have created a problem for yourself. You know, you can never retire.
My friend and I have been going to shops and coin shows for decades. We know which tables to avoid at the shows because these dealers have a reputation for either overcharging or overgrading coins. Our pet peeve is the haggling by dealers over ungraded “slider” coins - dealers that will charge a higher price for a coin that doesn’t fit the grade.
ABSOLUTELY AGREED 🖤🤘🖤
Have you ever heard of coin dealers palming coins from a customer or replacing a valuable coin with a less valuable one of the same sort? What should a customer do if they take a coin in to be appraised with other coins and they cant find that coin when the dealer gives it back, or you find one of the same kind but not the back you remember on it. After say they dropped it behind the counter? What would you do if you are not sure?
Nope
Great video. But got to ask what's that bottle and q tips in the background?
I AM IN THE SPRINGFIELD MO. PARTS IS THERE A COIN DEALER THAT YOU MIGHT KNOW.
Not that I’ve done business with.
I really wish there was a nice comprehensive wiki of all of the coin shops in America. I tried my zip code on the Roundtable site and the only listings near me were one brick and mortar and two order-by-mail dealers. I know at least 6 totally legit shops they are missing. A few years ago, I was looking for a specific coin and tried calling every authorized PCGS dealer per their website in the state and over half of them didn't even have a valid phone number. This shouldn't be so hard.
Then they're not missing, they're just not RT dealers. This isn't a listing for ALL dealers just authorized Round Table dealers.
Hi Daniel.Thanx for the vid.I found the distribution of the dealers in that organization interesting.(according to the map). I have been a collector for 15 years, but was not aware of the group.
It’s been around less than 10 years
So you are saying if I take my 2021 morgans I should expect a 29$ per coin quote? Just asking to confirm what I took from the video.
I never once said any dates. We all know which Morgans are worth much more than $29 so let's be real here.
First love you channel, but I keep hearing about idiots thinking they have something worth a fortune and getting pissed off. These things happen in any industry. My issue with most coin shops in the last 20 years is twofold, indifferent owners and terrible inventory. I get excited about going to an area shop when traveling only to find scrub coins and TONS of bulk silver for sale. It seems like dealers put the scrubs I can buy all day on eBay on display and the good stuff they auction off in the back room. I don’t even get to a point of an honesty issue as I never find anything special at 95% of shops to discuss. I find more on Auctions and sites like yours then at most brick and mortar stores.
It happens all the time.
Do you mail items outside your state if purchased on your website? Love the 90 percent prices.
Yes he does.
Thank you @Steve Mclain
How does roundtable compare to PNG? I thought PNG was supposed to be the stamp of approval for a dealer?
It's the stamp of a dealer that has at least $250,000 in assets and must prove it.
Thanks for the video, I am looking for a local dealer to build a relationship with, how, upon your good advice to look on Round Table Trading I found not a single Round Table dealer anywhere nearby. Ogden/Salt Lake Area of Utah. What would be your net suggestion?
Just find a dealer and build a relationship with them.
I got Morgan dollar 1878 to 1900
There more one dollar coins but I don't know if there is any value
Buy a 2025 Red Book price guide here portsmouthcoinshop.com/?product=2025-red-book-coin-price-guide-spiral-bound-guide-book-of-united-states-coins
People selling coins in my neck of the woods travel an additional 75 miles to Pittsburgh to sell their coins. Why? They routinely receive 3 times more money than the local coin shop.
It will be difficult to find others like you as you have set the bar rather high.
I have 1916 wheat penny would it be worth anything
Use a coin price guide like a 2024 Red Book.
I'm in mount vernon ohio and really want to go to your pawn shop some day
Thanks, but it's not a Pawn shop, just a coin shop.
@@CoinHELPuoops I meant coin shop
I can't find anyone who will be honest enough to help me with my coin collection.
"anyone"? I did this video just for people like you, your perception of honesty is off. It's not the dealers it's your expectations of your coin values are off.
@CoinHELPu okay, maybe I'm just " OFF period. Seems like no matter what I say, I'm wrong. 🤷♂️, sorry. It seems you dislike me. I didn't put a value on my coins; I need help knowing what is valuable, actual doubled die, etc. I'm 65, have trouble seeing, cataracts that aren't ready to be plucked, etc. That's my problems. I just don't know or see the value of my coins. Sorry to bother you, but I won't again. I valued your work and opinions. 🤷♂️
Where is your play button Daniel
I have no idea. it hasn't came yet.
Thank you I'm from South Africa I want to know how can I sell my euro coins, USA coins Pound coins
th-cam.com/video/w9b4-Tw7tDw/w-d-xo.html
P.S., Daniel, you know as well this retired pastor how hard it can be to work with the public!! I hope you can start getting more sleep!!😴😴😴
I am sleeping plenty. Thanks
Will u. Like to buy. Old. Coins. USA. BRITAIN anD oTHERS???????
If someone has a $5.000.000 coin and you know that that coin is a $5.000.000 coin how much would offer that person for their coin
Graded or ungraded? You can't know if an ungraded coin is worth $5,000 or not. A graded coin I can using auction records and would pay 30% less than recent sold values. So I would pay at least $3,500 and that depends on the eye appeal and luster of the coin as well. I could go higher if the coin is exceptional. Values and what coins actually sell for are often two different things and once you jump into the $5,000 range there's less people that can afford coins like that.
I hawe 2100 years old coins sasani dinar
Gold coins
I know one honest coin dealer and he's in Ohio.
I like to walk into a shop and look stupid, which isn't hard. I let my eyes go out of focus and let my mouth hang open a little, and pause before answering any question. An ethical dealer would still give me a fair offer.
Just be yourself you can’t figure people out doing that. That’s the problem in this business people being manipulative.
I would not have bought from you if I felt you are a rip off. You have to be the most open person on how you run your business. You ever get a Dentist that is having a bad day just before he does a Root Canal on you. "RUN".
I got this big jug of pennies grandmother passed away 3 ,4 years ago i found old pennies like 1957 D mint mark i mean so far i bought this book to filled up with penny that's worth money like 1977 no mint mark TH-cam said sold for 1 million something.i don't see it i just want fare price
With an honest coin dealer how high does silver spot have to get before they would pay 20 times face value For 90% silver I know it depends if they needed or not I would just be curious thank you
I've been paying that now. I've paid more for halves.