Check out my other videos. I have vids on cleaned coins, grading coins, coin grading services and on the valuable coins to look for in your change. Should you submit coins for grading kzfaq.info/sun/PLku4wL94a2MPc446HtJTyh9tmBMjicPHg Mint error coins and varieties like doubled dies kzfaq.info/sun/PLku4wL94a2MMXSU6rsjz0Y48GYPWb2ozb Cleaning and cleaned coins kzfaq.info/sun/PLku4wL94a2MMJQzn4WLlfsbme3jIxuWUQ Lincoln Cent Varieties and mint errors kzfaq.info/sun/PLku4wL94a2MOwcIXP02tDtDcTDTXm6A1q Counterfeit Coins kzfaq.info/sun/PLku4wL94a2MNwkCXGCiGBQmY9XZQyVo4i PCGS, NGC, ANACS grade submission reveals kzfaq.info/sun/PLku4wL94a2MNENygMbl9S4LJrjuOdW-eD

My grandfather fell for Littleton's coin gimmicks back in the 80s and 90s. I have no idea how many coins he actually bought off them, as only a few were still in the envelopes or package they came in. However, I see the writing on the wall so-to-speak as I'm going through his collection. These people will do just about _anything_ to sell you something for a quick dollar and it's sad to see the other end of the deal, the people they rip off, their hard-earned cash going to waste.

Great video! You have to remember: "Rare Coins" are rare and valuable because they are rare and valuable! HSN and other marketers need items to sell that are available in large quantities and at such a low cost that can be marked up tremendously. Ask yourself: "How rare can the coins be if they are sold via TV, the Internet, magazines and direct mail?" Save up and buy one or several "rare" coins from a legitimate dealer such as Daniel that will have much more potential than the quarters, halves and dollars that are now cranked out by the US Mint! Do some research and let history be the guide to what's rare and desirable to collectors. Be well! Ed

Daniel, you are definitely one of kind. I’ve been following your videos for a while now and I’m so glad that I have. You are an honest and trustworthy dealer that tells things as they are. Unfortunately there aren’t enough people like you out there. We as human beings are naturally trusting and sometimes very gullible. We let ourselves believe that businesses are fair and have our best interests in mind. I realize that even you are in business to make a profit but your approach and honesty sets you apart from so many others. Let me not take up too much of your time and suffice it to say, thanks for your work ethics and honesty. I will continue to be a loyal follower.

TELL IT THE WAY IT IS BUDDY! I love it 👍

Thanks for the information! My first major coin purchase was in 2008 through a deal you described: a collection of US Mint Uncirculated Sets spanning 1968 -2006 that I paid about $700 for through one of those home shopping channels. The actual retail individual value of the set pieces totaled about $450, so I ended up paying $250 more than I should have, or more than 50% over value. But I was new and didn't know any better. 12 years later, I now purchase all manner of coins and currency, but not without doing extensive research on each before buying. Consider that $250 back then the cost of my education.

Yet again, 3+ years later, I'm enjoying and learning at the same time.

Very helpful video . I'm 60 years old have doing Collecting since I was about 8 or 9. I see these predatory people And I hope Karma Gets Them. I helped so many people out Telling them what not to buy . My own brother was gonna buy silver When it was 23 an ounce. I Asked him why he Said everybody says is going to go to 50 I told him wait it will go down I'll tell you when to buy. I bought10 oz from Provident Spot price free shipping. 14.74 an ounce last Night has a new customer.Called my brother today he said all let me think about it.. You can lead a horse to water but can't make it drink.

The trouble is these people are isolated and not telling anyone what they're doing. The other day, I went into my local coin shop and there was a man and his daughter selling stacks of silver rounds so that she could get a puppy. After they left I asked the shop owner if they were for sale? He said he was putting them into the scrap bucket. Turns out they were 20-gram rounds with George W on them. Her grandpa was buying these from a TV ad and giving them to her. They were worth only a fraction of what he paid. If he had gone to the coin shop, they could have steered him towards a much smarter purchase that would have held much more value.

Avod the impulse to buy before investigating. Time is money, and disappointment is forgotten sooner than is regret!

I am not a Numismatist. I only buy Gold and Silver coins from reputable dealer. I do get some limited edition coloured coins for my grandchildren, but only if I like them.

You are a very strong man to be able to speak the truth as is... I pray that God protect you from these hungry money suckers. Thanks a lot! Be bless!

So gracious of you to expose these scams. Thank you so much.

Gold plated coins are so awesome! They aren't any more valuable than plain, but I get to buy them for 2x or 3x times what they're worth. It's like being a US Congressman, except with my own money :-/

I’m glad someone else took the time to inform people out there about the scams that are being played out on these imfo commercials.

Please don’t collect this stuff thinking your going to leave it to your family and it is going to be worth something. I now am dealing with this coin collection that was left to my wife and am quickly learning that it’s not worth anything or not much more than money value. The time it’s taking me to deal with this is astronomical and could be spent better elsewhere earning real money. Heck the money spent on this collection would have been better invested instead in the stock market. If you like coin collecting fine. But at least pass on your knowledge and let the people who your leaving this stuff to know it’s true worth. Daniel, great advice. Thanks.

my adviice , for new collectors, is simply dont buy expensive high ticket items....you can buy siilver coins for example for just a few bucks if you know where to look, and alot of coins, really neat ones that go for only five, ten , maybe 15 bucks,,... just start modestly....and as you learn what your doing...you can buy higher ticket items....and the reason i suggest silver, is becuase you can at least fall back on the silver content of the coin....so you know it has at least some value...anyways ....thats just my two cents..(pre 1982 cents) gl!

I believe you are one of the more honest people in this business I've clicked on several different sites and this is the only one I feel confident watching. Thank you so much for the information. Keep your powder dry

Well Daniel it just goes to show you don't always get what you pay for..'A fool and his money are soon parted! Thanks for the tips

Its always good to see an honest dealer who tells it like it is.

Daniel thanks for pointing out those gold coins. What a sham!! I can definitely see how people are falling for it I checked eBay and you are right people are buying them for way too much. I feel bad for everyone.

He’s 100% correct, and they go after older people and people who don’t know better, someone needs to put a stop to it because they go from price gouging to predatory pricing all the time!!! CRAZY!!! Thanks for the video brother!!!!!!😤😤😤😤

I dont buy coins unless I actually see them and hold them in my hand. I have only 2 dealers that I go to. I'm sharing this on Facebook.

I don't buy any of those new-fangled coin creations - from any source. Too many old coins out there to buy first! 😉

Yeah, those “grab bags” are a scam. I bought a few rolls of pennies once. Never again! Every one of them were so smooth, that you couldn’t even see the dates.

they most overpriced coin dealer out there is definitely Littleton Coin Company. They are charging double or more of the actual value of the coin sometimes even more. That peace dollar was on LCC

THANK YOU for this video presentation. I recently came into possession of my wife's grandfather's "collection". I am new to this. This video commentary is valuable!!

I laugh at the ad for the Gold Indian Head Buffalo Nickle or they found Morgan Dollars in a vault from the WTC🤣

I paid $1 for a 1942 - P walking liberty half dollar on a very sketchy site where lots of tech was being sold for way overpriced. I got the coin and then went to a coin shop, and the coin dealer looked at it, and it was authentic! That was around $8 profit!

Thanks for a great informational video! I agree with all the triggers and traps you've discussed. Its so good to know that someone out there cares about the truth and the welfare of other collectors! I appreciate you so much!!

Great vidio for new buyers. Also take an add of something you like to a coin shop and see if he can match or better the price. A friend showed me an add 2 silver dollars for 60 bucks. I sold him 3 silver dollars for 60 bucks. So shop around.

Man I totally agree !!!! They sell tuff that way way way over priced.

Good to hear the thoughts of someone that knows what they’re talking about

Thanks for the video. You substantiate what I deal with in the myriad flyers and "Collector" offerings which they present. It's dismaying to see the incredibly, wildly, high prices for Morgan dollars

As always great advice! I only buy 1 mintset per year, just to keep my sets up to date. The mint has come out with so much stuff (proofs, reverse proof, enhanced coins and on and on) and make so much of it. I wish there was more honest dealers like you around. Thanks again!

i was told by afew very old collectors dont buy the ms 70s buy the ms 69s its much cheaper and majority of people cant tell the differeance between a ms 70 and a ms 69 referanceing silver eagles its not worth the money they said if u can take a ms 70 and a ms 69 in a pcgs or ngc holder and tell the differance then buy it more power to you , somtimes i feellike the eagles are just sped through and graded 70 and 69 so both services and the mint can make more money

Unethical and misleading coin sales are the bane of this otherwise hugely rewarding hobby/investment. There is a very steep learning curve for novice numismatists. You do a superb job of educating some of us who might otherwise make a costly mistake during this learning process. I also like how you emphasize that certain types of sets such as paint or hologram decorated coins are fine to collect for fun to post on a shelf but really not with the expectation that value will stay the same or increase. Thanks for posting your enlightening videos.

I've learned more about coin collecting from Daniel Malone on his show in a couple of hours than I've learned from any other source over many years.

Thanks for being straight forward - much respect brother

Thank you Daniel for your straight forward, tell it like it is educational videos! You’ve gained a new customer.

You are so correct and do a great service in educating those of us who choose to be objective and listen. I think of the term caveat emptor! Thank you and I think the fact you share freely and from experience that should not discount the wealth of info and the info to kindly give us freely.

I learned the hard way on not to buy unopened rolls off ebay

Thank you for your advice, we really appreciate your honesty in coin collecting👍

You seem to be the most honest dealer I’ve heard from lately / thank you 🙏

To echo so many other comments; solid advice. Thanks!

I have 80 % of my "stash" in pre 1964 dimes and quarters, 20% in silver Eagles. I buy locally and PAY CASH. Dimes and quarters will be easier to barter with than silver Eagles or ANY gold coins (when the whole shooting match melts down (and if it doesn't before i die, they go to a local pet shelter to be SOLD FOR MAXIMUM GAIN)

I got hit on a "Binion Horde" silver dollar several years ago.....managed to get out of it later with minimum loss...

I bought 1 lot on Ebay. I wish I had watched your video first. In the back of my head I thought I should no exactly what I am buying but I bought it anyway. I learned my lesson. What something is worth is very subjective.

Great info - if your gut says it’s “too good to be true “ probably it is . My 86 yr old dad fell victim to similar sales pitches . Korean War vet who now needs family help because Scammers prayed on him for years before we realized . Don’t know how those folks sleep at night !! Thanx for the videos !

Great video. I wish you made this about 5 years ago. You could have saved my a small fortune.

No one would sell rolls not searched. Who would risk selling an expensive coin? No one

Thanks, Daniel!!

Thanks for the video! I fully agree with all of it.

i agree 100%. well stated. thanks for your advice. great video as usual. we have to go back to basic coin collecting.

sir what you are saying is 246% true. i dont collect anything modern except silver eagles. loved the video and your content

good info.. for the new and seasoned collector.thanks for sharing

The U.S. Mint sets up a lot of secondary dealer markup prices by selling a coin or a set with a projected low mintage with no household limit. I've tried to get something from the mint that sells out within the first half hour, or less, and then go immediately to EBay and find as many as I want at a huge marked up price. Now, since the Mint has started putting a household limit on their low mintage coins I have received emails and have seen advertisements asking people to buy these coins from the Mint, and then sell them at a small profit to these dealers so that they can turn around and sell them at a big profit.

Glad I stumbled onto your blog, your video's are very educational. You are doing a great service to the Coin Collecting community and I want to Thank You for your knowledge.

I have always had a gut feeling about those dealers, and now I know! The only thing I ever bought was some penny rolls, which I thought was way over priced! They said they were searched ! Hahah

Great information on a variety of pitfalls. It is a shame that there are so many dishonest dealers or companies who are only interested in profits.

We definitely need to be careful.I got ripped off for 20 dollars from a lady from a coin site.She told me she would send me a roll of early 1900 coins.I sent postal money order an never got my coins.Actually she lied at first and used she sent them,never did and there wasn't much I could do.I quit any kind of coin checking or looking.I ve taking that lesson an chalked it up,PayPal is the way to go.

Thank-you Daniel for the good, sound, sensible advise to coin collecting..

Thanks for sharing all this knowledge.

Saw a 1909 s VDB graded good and they were asking $1,299. Have mercy!

Fabulous information Daniel thanks for the excellent information on your channel!!

Thank you for this ℹ️ I have been waiting for someone to tell me the truth and thank you 👍👍👍👍👍

These are the best videos on learning about coin collecting and investment. Great info!

This is very good advice for new collectors. Particularly for warning against plated coins. Thank you for posting.

The thing with plated US coins... the planchets are plated before being struck. HUGE difference.

I have while watching a coin show on t.v. looked up the same date and mint mark on ebay and found the coin on t.v. being way over priced. Thanks for another entertaining and informative video.

I have learned a lot from watching Daniels videos I would recommend any new coin or precious metal beginner stacker or collector to tune in he’s a straight shooter and a very honest man.

Thanks again Daniel , agreed on slabs n 1st strike , I buy raw eagles n just as nice as some slabs I have seen , my great nephews n cpl friends now watching your videos n learning , thank you bud

thank you so much DAN for the informations...!!!!

You the best Daniel, thanks so much for your video

Thank u Daniel For Another Good Video Info again thank u

thanks for being truthful to a new coin person. Joe looking forward to watching your descriptive fact videos.

Thank you for this Valuable information it’s hard to trust people these days

Definitely love how you tell things straight up! Thanks!

i worked in Retail for years and Wholesale and now as a collector. I see these Huge Retail Coin Dealer's Use all the same Tactic's as a Retail department store's! ( I heard a saying in those Days anyone who has to Push a Product of there's all the time means it's Trash. if it's a great product people will buy it once and keep buying it because it's worth it. but if they buy it once and know it's not worth it? no repeat customer's.? so that company has to spend more and more on marketing almost begging please buy lol) the Picture with the 1922 Peace Dollar i know that ad...Littleton and i sent them Multiple Emails to stop Over Pricing i sent 3 E mail's. i got 2 of the same Message's Back from them. They say the same thing in both. they say Red book is worth less in the real world and that they go by there stock and thats how Dealer's sell. and ALL OF THE DEALER'S ON EBAY SELL EF SILVER CLEAN IT AND SELL IT AS UNC! both time's? and the last Email i Never got a response back.I bought a couple coin ad's from them, of coins that were at price or lower and the coins on demand got sent right back and said send no more. and i like the Coin Albums and Folders THATS ALL I WOULD BUY FROM THEM. BUT BUY THOSE ALBUMS ON EBAY. IT'S CHEAPER AND NO SHIPPING, SLIP COVER'S ARE CHEAPER FROM LITTLETON LOL..... Barns and Noble sells there folder's so you can buy them there! but other than that ( they sent me catalogs by mail I used them as a list every time i bought some thing ( From a local dealer or Ebay) i would check it off! lmao, other than that there price Point is ridiculous) ...I do not think they will Last another Decade! they are the FingerHut of Coin Dealer's! ( BUT when i first started collecting I made a Mistake not thinking a friend gave me some of those State Quarter commemorative Boxes . so i bought some to finish the set i realized they are just unc State. I LOVE QUARTER'S ALL /ANY FOR SOME REASON?? But i got the rest of the gold plated i believe i bought 14 boxes for 70 dollars i realized i made a mistake and some time's the only way to learn is buy getting burned lol) I bought some Sterling from a private sale in 2020! . a little over a pound worth i paid 5 dollars a Coin ( 20 total) and sold them when Silver was over 30+ an ounce and made 300 dollars used that to buy a bunch of proof,mint,silver proof set's for my Albums. was a great deal on my part. but the guy who sold those said he paid a lot and no one would buy them off him he was on his way to the Pawn shop. i said hell i will give you a 100 dollars...and it will save you the Gas money and Time. he then said ok... i felt bad. but i learned a lesson on his Mistake! i stay a way from Horde's and First Strikes . Bullion Shark Calls me twice a month begging me ! It's always buying these Common Date Slabbed American Eagle's . one time it's First strike MS-70, Or some Horde i NEVER HEARD OF? i started to hang up on them? i do not know how they got my number? anyway thanks Dan! Always thought provoking!

This video will always age well need an update from you Daniel.

I'm new to this community about four months in now. I have never entered a LCS just yet until I educate myself with at least getting familiar with some KEY DATES on these coins and always keeping my trusty RED BOOK at hand. Even when I participate in these CRH on these channels of how much I put in comparing to what I'm getting out of them. I've been a subscriber here for about three months now to know who I believe to be telling the truth. I'm a firm believer in the saying, "TELL ME WHAT I NEED TO HEAR NOT WHAT I WANT TO HEAR". Thanks for your honesty it goes a LONG WAY!!

Thank you Daniel you always give great advice. I was wondering about some of that stuff that people were trying to sell on eBay

I just stack ASE circulated . US junk silver . I also do coin roll hunting half dollar and quarter boxes! These coins are way over priced on tv. Good video!👍

I’m sorry, I don’t understand what you are saying, I am a Silver stacker, and I buy mostly bullion products like US Eagles, Chinese Pandas, Canadian Maple Leave, Mexican Libertads, Swan coins from the Perth Mint and many others that catch my eye. But I do not buy numismatic coins (Maybe That’s Why I Don’t Understand). But Thank You for explanation as to why I shouldn’t buy these coins.

hank you so much.. I am taking your advice for sure.

Some great info sir, keep the uploads coming

To determine a coin's worth, I "watch" at least 10 coins, and preferably more, of the same year, mint mark, quality and wear. Then I average the prices they auctioned for. That's a fairly accurate barometer in my opinion.

Good job Daniel I almost fell for the thank you.

Thanks for the great clip on marketing of coins.

Thank you Dan for the information

Thanks Daniel i tell my grandson to check it out ,There is so many scams out there that you can get hurt really bad. So always do your home work, it doesn't hurt and can save you a lot of money.

Dan, thank you for educating people and making a better numismatic community.

I’m just getting into coin collecting and have learned so much from your videos. Thank you

Thanks for the information

Outstanding video my friend ! That's a lot of good information! Have a great day Sir !

Keep it up! Great help for the hobby.

I really appreciate your advice I am a disabled veteran also just happen to be terminally ill. I don't know much about collecting and sure don't have the money to be ripped off. I am collecting for two reasons well actually three. Reason one I get lots of fun and joy out of it as I am sure most of us stackers do number two I honestly believe we will soon see the dollar become useless have zero value and we the people suffer is great poverty those of us with at least some precious metals will at least have some bater power and last but not least I want to leave my daughter and grandchildren something besides paper money maybe I can influence them to become stackers with me I am putting together a small collection for each of them in hopes they join me what a bunch of fun could we have collecting as a family huh. I would love to contact this channel owner and do some business with you soon!!

Good info. Thanks sir.

Thanks Daniel you do a great service to the numismatic industry God bless have a nice weekend my friend

Great info. Keep making these great videos. Thank You