I started buying silver about a month ago and struck up a conversation with a man that was looking at silver at our local shop, he is a wealth of knowledge and pointed me towards this channel. We have stayed in contact thus far and yesterday when I got home I had an unexpected package at my house when I opened it I found that he had sent me 20 mercury dimes and ten buffalo nickels. Being kind to the elder collectors at your local store seems to go pretty far. Love the channel!

@poetsummerbreeze4663

3 жыл бұрын

Love that story.

@personreanimation

3 жыл бұрын

@@poetsummerbreeze4663 Phillip is a great man. He is a vietnam vet that owns a car detailing company. Which is cool because I did 2 tours in Afghanistan myself. I have been chatting with him quite a bit lately.

@dombmtb

3 жыл бұрын

That’s awesome!

@jdb2722

2 жыл бұрын

Yeah right. Why in the heck would a stacker give out their address.

@bobbyfisher6343

2 жыл бұрын

Awesome seems he made a friend as well, now you need to pay it forward

Since I'm a new stacker, this is exactly what I needed to watch.

@SilverDragons47

4 жыл бұрын

thanks for watching my friend!!! 🔥🐉

@Chrisinsocal

4 жыл бұрын

Welcome to stacking! You’re going to love it!

@sall7029

3 жыл бұрын

Me too thanks

Mistake #1, don't but silver at $42 a oz like I did 🤑

@cindycrandall1327

4 жыл бұрын

Too late. Went thru a large dealer and got burnt. Bad.

@joeblow9657

4 жыл бұрын

oooofffff

@daleval2182

4 жыл бұрын

That's lots, just hold, and it will pay you back, I said same thing I paid 16 some years back

@raymondmenendez6499

4 жыл бұрын

@@daleval2182 that's was years ago when I first started out, since then I've been cost averaging, now I'm hoping that it goes back up--- 🤓

@daleval2182

4 жыл бұрын

@@raymondmenendez6499 it will, I sold some in 2011 in 40s my self, held got back in 15, and doubled up, but regardless hold, hold, the next time it rises triple digits

My best experience was at a coin show when I was a kid back in the fall of 97. I was collecting 1/10 oz gold coins and buying them at $40-50ish each. The coin dealer let me look at couple 98 pandas and I told him I wanted both. He asked me why I wanted both. I pointed out that both have different sized dates. He was impressed because he didn't catch that and knocked $5 off. Fast forward to now, I still have both the coins still in the ogp and the 1998 1/10 oz pandas are the key dates of the series for that size.

@SilverDragons47

4 жыл бұрын

wow that is a great snag!!!! congrats! 🔥🐉

@davebellamy4867

2 жыл бұрын

Good move! Well spotted too! I noticed that thing about the different sized dates on a website recently. I got a 1988 and a 1989. Both Proofs. Many years ago. Close to spot. 40 GBP I think.

@allthingssilver7635

Жыл бұрын

$40-$50 each, wow!

DON’T, EVER, spout off to the owner or customers in the shop about the "killer deal" you got elsewhere. Online or down the street, just don’t do it. Be polite and humble.

@meganmills4025

3 жыл бұрын

And if it’s close in price, always support your local shop.

@Buzz-Of-Craze

3 жыл бұрын

Paper and physical price are totally different. Paper price is a joke !!

@oldscoolcooldiecast1879

Жыл бұрын

I made the mistake of spouting off in my Lcs when I bought a couple fake silver rounds from them now they hate me but dag gone it was my first silver purchase and I plainly said I'm learning can you help me without taking advantage of me if it had bin a deal on real silver I'd never tell and id always kept coming back

My wife and I have been wanting to start investing in silver/gold for a while now, and even moreso with the current economic situation. After watching a couple of your videos, I finally went in to a local coin shop and started our investment. I never knew what to look for and what to avoid. It was great knowing specifically what I was looking for and a bit of the lingo so I didn't sound like a total noob. lol Unfortunately a couple days before, someone had cleaned them out of most of their generic rounds and bars, but I was able to walk away with a couple silver Buffaloes they had left, a few Eagles, and my wife picked out a nice Morgan silver dollar from 1889. We're pretty excited to finally get started on this. Your videos helped a lot. Thank you!

@williammal2166

2 жыл бұрын

good luck

@allthingssilver7635

Жыл бұрын

Are you guys still stacking 2 years later?

@Kraden26

Жыл бұрын

@@allthingssilver7635 absolutely

Scenario from earlier today: "Hello. What can we do for ya?" I'm lookin' for some silver rounds. "We got em. What are ya lookin to spend?" Keep it under 300. "How bout 10 for 25 per?" Sold. Take debit? "Debit? Sure. Credit? Nope." Alright. What's the tab? "250 even, no sales tax on silver in *this state*" I knew what I wanted, was in and out in 5 mins, no hassle, no bs. Been dealing with this shop for almost 20 years. Love those guys, even though that guy was new. Great advice, awesome vid, glad I found your channel!

Respect goes along way. I was at my LCS over the weekend and a customer came in asking for 1/10oz eagles. I had 9 in my pocket. My LCS was out. I could of jumped in and made a sale but I would of damaged the relationship with my dealer

@SilverDragons47

4 жыл бұрын

yep gotta keep the relationship good for sure 👍🏽🔥🐉

@HarrisonCountyStudio

3 жыл бұрын

Justin Ward I had a similar incident at a music store. A guy walked in and wanted to sell his old acoustic guitar for cheap. The guy behind the counter was busy and didn’t want to deal with him. I watched him head for the door and I did the same. I walked the same direction as he did until we reached the end of the block. I asked him if he was still interested in selling his guitar... i paid cash and we were both very happy with the transaction. I agree with you about not engaging in the proprietors store, but in my case (like yours) the proprietor could/would not provide the service needed.

I've certainly used the last one to my advantage. I just got home from my coin shop to get a rare Silver proof set from Guinea, and as he was giving my change, he noticed that the Halves were 40% Silver, and he was just like, "Ah, keep them. You're a good kid."

Always good to share mistakes we make to help the newbies.

@SilverDragons47

4 жыл бұрын

oh for sure! I was there once 🤦🏽‍♂️🔥🐉

@Chrisinsocal

4 жыл бұрын

I really have to go into the coin shop lol I always buy online

First time i went to a local coin shop, i had absolutely no knowledge of stacking, and or collecting. I asked the owner to break it down for me. After over an hour and a half later. I left the shop with some junk silver, and some coins, and a bar. The owner was honest and fair with his prices. I am still new to this. But i love stacking! Hope everyone has a great Christmas! And keep on stacking!

Just did my first coin shop visit today! So fun! Took the kids, and they had a blast. Didn't make any of the 5 mistakes luckily. Good stuff!!!

The bonus tip is invaluable. Knowing your LCS and their prices, both selling and buying has really made the difference for me.

I do love the sound of silver!!

@SilverDragons47

4 жыл бұрын

best sound ever!!! 🔥🐉

Thank you for sharing this. Last year I just started coin roll hunting. I haven't been to a coin shop yet. So this video sure will help me with what to do and not to say or do. And about the door, I totally get it!

I have 2 tips. I'm more of a numismatic person than a bullion stacker, but here is my 2 tips. 1) This goes with etiquette "don't get offended if another customer comes in and the owner puts their attention on them when your still browsing or shopping." Some times it is only the shop owner working for the day, and they need to balance between customers. 2) If you have children and they are behaved, bring them with you! I am not kidding, my son has gotten so many different coin gifts from the shop owners because I'm getting my son involved in the hobby. Simple things like discounted proof sets, super slick standing liberty quarters or junk silver, reduced prices on bullion, and even reduced prices on junk silver (he has gotten silver dimes at spot price.)

@SilverDragons47

4 жыл бұрын

yes that is true on both accounts my kids always get free stuff 😂😂😂😂🔥🐉

Dont buy those "collector" coins that cost 100$ for a 1ounce silver coin.

Great tips on this video! You are correct on all fronts! Especially building a good relationship with your LCS! Thanks SilverDragons!

@SilverDragons47

4 жыл бұрын

thanks my friend! that is the best tip really 😂🔥🐉

For me, the best thing about junk silver is that I get to touch it.

@bobmarsh9571

3 жыл бұрын

I don’t like junk silver because of space it needs. I like 10oz silver bars.

@user-fw9ku6gy9d

3 жыл бұрын

@@bobmarsh9571 gl trading fractionally when the time comes

@johnsondon8145

3 жыл бұрын

Your touching ur Junk😁💰

@jacob_1866

3 жыл бұрын

I touch all my silver lol idc I need to feel it

@jacob_1866

3 жыл бұрын

@@bobmarsh9571 Junk silver is more liquid than 10 oz bars, but thats just one advantage

Nice job dragon, I have made these 5-mistakes plus some you have not mentioned! My coin dealers love me.

I am a longtime large-volume stacker and have never sold anything. I am progressing towards retirement, when my stacking should pay me dividends. This was an excellent video. I am somewhat apprehensive about the selling side (which is what I have been stacking for). Nice encapsulation of the possible pitfalls of the payoff end of the process. Thank you.

This video is a great pep talk to stay focused on goals and get a very positive experience at your LCS.

I haven't found a coin shop yet, but thanks to you and your videos with Harrys coin shop, I finally felt confident enough to place an order online to purchase my first order of coins. I appreciate your content! There are a lot of channels on youtube that have great information but they started freaking me out lol. I do get that we are in for some crazy times, but I like that you provide the same information without the fear mongering, so that I can make decisions based on logic and not emotion. Cant wait till my package comes!

Thank you 😊 very helpful. Getting into stacking so I definitely needed this.

Thank you sir for the info! I just started. My good friend gave me a piece for Christmas and now I want to stack.

Thank you soo much. I always wondered about the sell difference between coins and rounds. Appreciate it. Sonia ;-) ...and for the relationship with the coin dealers advice.

Excellent information and every tip you mentioned is EXACTLY what i do when i go to my local pawn shop. Ive built a reputation there and they ALWAYS give me the best deals/lowest prices. In most cases i end up paying less then spot or sometimes slightly over spot...still MUCH lower then the main online boullion dealers i have dealt with which charge high premiums...and then higher prices for using a CC/paypal acnt and then in some sitiations...shipping fees on top of that. My state DOES charge taxes so you have to add that in as well. Staying local and staying in the know about spot price has saved me literally hundreds of dollars that i have invested in adding more to my stack. Thank you silver dragons!!!

Great video with helpfull advice. Thanks SD for sharing.

Thank you so much for all the information I'm a beginner and I'm nervous about going into my coin shop this is a great video

Great tips My LCS has cornered the market. I would like to open my own shop someday. Working on my inventory right now. 👍🏻

@SilverDragons47

4 жыл бұрын

that would be awesome! 👍🏽🔥🐉

@raginggamer2109

4 жыл бұрын

Where is your LCS located?

Love your videos and information you offer! Great advice in this video 🙂

The engraving and the art,thats what I love.

Good information I have always looked at silver but never bought. I'm currently trying to complete a wheat penny set

Thanks for the advice.

Record yourself melting down your silver and making bars, would be a great watch 👍

@jonathanrice8950

4 жыл бұрын

He has plenty of those videos lol

@SilverDragons47

4 жыл бұрын

yep check out my silver pouring playlist! 🔥🐉

@WillieMakeit

3 жыл бұрын

Can you melt down silverware?

Helpful, thanks. Just around the corner from first goal. Thanks again for sharing the information you have learned.

Great advice. Thanks Silver Dragons!

@SilverDragons47

4 жыл бұрын

you are welcome and thanks for watching!! 🔥🐉

Talk about timing! My son and I are going to a coin shop first time tomorrow. Very much appreciate the tips. Thank you!

@devildog1534

3 жыл бұрын

Same here. My mom is taking me to buy some silver for the first time. The person said he will sell generic silver coins for 28/oz. is that good or overpaying?

I always learn something from your videos SD. Thanks for making them.

@SilverDragons47

4 жыл бұрын

you are welcome my friend! 🔥🐉

Great vid bud! Awesome detailed info. Take it easy, shawn!

Very informative! Thank you!

Thanks SD you're awesome!!!

Thanks for these helpful tips. Never heard these before

I am pretty new to stacking.just want to say thank you for your educational videos.fir us be stackers.great job!!

Lmao I made all these mistakes almost I started buying this week. One customer next to me brought in a fat stack in and I literally asked him “what do u like more bullion or junk” he looked at me so weirdly and I was like wtf. But he was super nice when he realized I was a noob n said “Keep buying silver youlll be happy” it made me feel good. Great video now ima seem like a vet

Yes I did EXACTLY what you said we shouldn't do. Disturbing and talking to customer LITERALLY while they were buying. Rubbing over all the coins. But I did pay in cash when I purchased, but the guy told me it was better to pay buy debit card next time and he did tell me the fees involved. Thanks for sharing with us the etiquette.

What I have learnt from regular coin shop visits here in the UK.🇬🇧 Do your research: Knowledge is power. Know what you want. Be polite and friendly: it will probably save you money or get you a slight discount. Leave the tacky plastic at home: CASH IS KING. 💰💵💷💸 Very informative video. Thanks. 🇺🇸🇬🇧🇺🇸🇬🇧🇺🇸🇬🇧🇺🇸

Great video, thank you for sharing.

I'm 65, no retirement plan, don't want to waste any more time. Sub'd you and Guido, so much clear info, I begin in 8 days, thank you so much sir!

Recently hopped on the stacking bandwagon so to speak. Have been building a collection of rare mint reichmarks in .625 and .900. Been getting them for around 10 USD piece at auction and for the more rarer mints a little over 20 USD. I plan to make more display cases then I already have and sell them one day in the far future!

Thank you for the insight

Very helpful thank you s.d.👍

Great advice! I recently went into a pawn shop to find a massive amount of bullion and junk silver. I was amazed at how much they had. But after talking with the clerk for a while I realized that I would be walking out of the shop empty handed.

Another great video! Thank you.

@SilverDragons47

4 жыл бұрын

you are welcome my friend! 🔥🐉

Thanks for the info

This is Excellent for beginners!

You make it sound like the Soup Naz-i scene from seinfield.

SUPER INFO & BACKGROUND. !!!

Another really useful video covering basics that novices need to learn. Mahalo!

@SilverDragons47

4 жыл бұрын

you are welcome my friend! 🔥🐉

SD is of course right about building a rapport with the owners. My first few visits I naturally spent an hour or so just talking about regular topics, precious metals, news, etc and got on a 1st name basis with both of the owners. Last week, I had called in to check the price on their constitutional silver, but once on site they realized it was me and gave me .50 cents off X face what they told me over the phone, which was already lower then everywhere else. I thankfully never made the mistake of trying to use a credit card, but one of the first times I went to one, someone tried to use a credit card and the owner waved his hand and nodded no with a smile. lol

@SilverDragons47

4 жыл бұрын

yeah gotta get to know em for sure!!! that is so funny they tried to pay with a credit card 😂😂😂😂😂😂😂🔥🐉

Thanks for this

Great tips. Thanks

Well done. Good advice. I do all of the things you mention, but need to improve on buying junk. The prices right now are in such a flux, it is hard to even think about buying.

Very informative video thanks for all the tips.

I remember years ago when I was a kid I sold my booker t Washington half dollar for the price of silver which was very low at the time I was a kid so I didn’t know better but you live and learn.

@Mflo786

3 жыл бұрын

When I was a kid I would spend 90% silver Kennedy halfs for 50 cents to buy things. I was probably 15 at the time and regret it now because I'm no longer sure how many I gave away to buy cigarettes. 🤦‍♂️

Great Video* Thanks for the info*

Thank You for the great information.

@SilverDragons47

4 жыл бұрын

you are welcome my friend! 🔥🐉

Great tips. Thanks!

@SilverDragons47

4 жыл бұрын

you are welcome my friend! 🔥🐉

I got into bullion about ten years ago and developed friendships with several coin shop owners. I found that is one of the best ways to get a deal. Also I call my coin guys ahead of time about selling pieces. That way I find out if it's worth my time.

That was pretty damn good! Thanks

Went to my first coin shop today. Bought my first silver bar today at an 8% premium. I’m still learning but wanted to buy a motivational piece as I call it lol. Definitely subbed. Thanks for the video.

Very cool tips I think new and old stackers could learn something from this video.

@SilverDragons47

4 жыл бұрын

I agree 😁🔥🐉

Good video. I wish I had shopped around town more before making my first investment. After spending $1000 on silver I discovered a guy in town with a full dollar cheaper premiums. The smaller shop I first bought from probably wasn’t setting out to take advantage of me as a new buyer, but it kinda felt that way when I missed out on a full ounce by not shopping around. Ultimately shame on me, but it was a good lesson.

That cash tip.......PRICELESS! Thanks man!

Hi, thanks for the information. I have just started my journey in precious metals, and am upload by upload working my way through your wonderful knowledge. Thank you for sharing

Good information,thanks

Great information.

Thanks!

Guiiiiilty (Tip number 2 , 1st LCS purchase)! A 15 minutes walk to the nearest ATM was worth it indeed... 😁

@SilverDragons47

4 жыл бұрын

😂😂😂😂 we all did it at one point 🔥🐉

Very Instructive, Bravo !

I like the advice thank you

I am a beginner. I have been purchasing 1/10 silver Indian head coins on line. I am not sellling , i purchased them to use when the dollar is no good. What do ya think?

@365JohnDoe

3 жыл бұрын

I have some 1/10th silver. Too much premium though on those. Best to stay 1oz on silver. Fractional for gold stay 1/4oz or bigger. Or too much premium. My 2 cents anyway...

New subscriber here. I've been watching some of your videos, and I have to say you've taught me a lot of important things I might not have thought about without listening to you. You're an easy watch & listen. I like your voice and I like your advice. Thanks, will be watching for more videos. :)

New Stacker. Thanks for the Video.

luv the Maleficent dragon design gold coin awesome 😎

Great video. I like the jail time round

@SilverDragons47

4 жыл бұрын

lol they are cool 😂🔥🐉

Thanks for the 5 tips.:)

@SilverDragons47

4 жыл бұрын

you are welcome thanks for watching!!! 🔥🐉

Nice video 👍. Useful information for new stackers.This will definitely help me in buying silver coins from LCS. Thanks

The first times I went into a LCS I felt like I was doing something wrong by looking around too much, I felt like the owner thought I was trying to wait around to steal something. I hate that feeling when I’m just trying to look at everything they have

@tipr8739

3 жыл бұрын

Chief Silver Stacker just say hello. Tell em you don’t know what you want and you’re going to look around. Done. They know you mean no harm, the inflection in your voice let’s em know you are decent and not a thief.

@travv88

3 жыл бұрын

@@tipr8739 Exactly. Be friendly and not sketchy.

I always ask the LCS to check the coin on a precious metals verifier. Just the other day I tried to buy a 1/4 gold Britannia. At the last second I asked him to verify the coin, and it turned out to be fake. He was so embarrassed that he sold me a Queens Beast at a better price than the Britannia.

@SilverDragons47

4 жыл бұрын

wow that is crazy!!! good thing you had it tested 👍🏽🔥🐉

@Chrisinsocal

4 жыл бұрын

I literally just asked about that on another video. Since I buy mostly online, I asked if you can ask them to check the coin right before you buy it. Glad you caught it!

@serrotserrot911serrot4

3 жыл бұрын

Are the NGC plastic cases valid? Newbie question

great job brother!

great information

Great tips.

My local coin shop is checking online prices also. They always come up with the lowest price i found before going there or lower 👌 First time was great, really nice People. I bought some junk silver and gold of my country currency (silver 720, gold 900). They adviced this because its closest to spot and lower spread. They will buy back anything

Great video. Can you make a part 2 on how to identify a good shop? Questions to ask, things to look for, etc.?

Great video! I like Mr. Tom Cloud who runs Cloud Assets and he gave me some great advice!Actually, it is the same advice you give: Get to know your local dealers. I am glad I did. I went to one guy but because I was dressed in my gym clothing he went right over my head, took another couple who LOOKED like they were worth a ton. I walked right out the door into the door of another guy I have done a little business with today! Great guy, great prices, very fair and I have sent tons of people to this guy. Providence! I turned from one fool, only to meet a real jewel!

I know a guy who inherited about $400k, put about $300k of it into silver at $40/oz back when it was that high back in 2010 or so. Then of course he'd locked up too much of his money in silver and had to sell the silver at .... $20/oz. The guy managed to blow the whole $400k within 3 years; I'm impressed.

@myes344

3 жыл бұрын

Wow

Basically, be a decent human being and bring cash.

@SilverDragons47

4 жыл бұрын

yeah that’s it! 👍🏽🔥🐉

@jimseldiesel1362

3 жыл бұрын

@@SilverDragons47 With covid-19 you actually have to use credit card I think in some shops.

@RyanDavis-nr2gl

3 жыл бұрын

@@jimseldiesel1362 yea that's some shops. My coin shop loves cash cause serial numbers.

@vcupiano

3 жыл бұрын

Also don’t get taken for a ride by the owner when selling. Educate yourself on what you have and what most GOOD shops pay.

@peterpete3125

3 жыл бұрын

You could pretend to be a good human being,for best results,this feature of good human must by in your heart by nature.

Thanks dad good advice

Great video Silver Dragons!

@SilverDragons47

4 жыл бұрын

thanks a bunch my friend! 🔥🐉