eBay Coin Scammer EXPOSED, click to watch------>>>>>kzread.info/dash/bejne/lqtstcyAg8ypfto.htmlsi=9X5LaPd-H_pWw6Vz

People think that because someone is elderly, they don't scam. If you scammed when you were younger, you're going to scam when you get older.

@sebastian3004

2 ай бұрын

yep whores and thugs get old too.

@Arz2003

2 ай бұрын

Glad I stumbled on this video

@italicizer2435

2 ай бұрын

overcharging is not scamming... its the buyers responsibility to know what its worth..

@Hakken1

2 ай бұрын

"Mama says scammer is as scammers does."

@steves2241

2 ай бұрын

@@italicizer2435 You are a fool, if you know a coin is worth $100 at the most, and you ask $200 for it, you are a scammer, and that is a fact. If you say that knowingly selling a coin for double what it is worth, while telling people it is rare and that is why it is worthy so much, you are scamming them. It is people like you that give the coin collecting hobby a bad name, you are a fool, and a clown.

If someone says I’m an antique dealer not a coin dealer but has thousands and thousands of dollars worth of coins out for sale, I’m walking away. That’s a red flag.

@edwardsawtell5712

11 ай бұрын

Very true!

@bathombre9739

11 ай бұрын

Same with comic books, i got sold a golden age comic with a page missing, he even enticed me to cgc it, i would do well he said

@jontukagam3888

10 ай бұрын

My friend bought a 1895 silver dollar on a flee market n he sold it for 400k he gave 100k to the flee market guy he got it for 2k 😂

@trapabar19

9 ай бұрын

@@jontukagam38881895 CC?

@mainstreetlasvegas

9 ай бұрын

It's usually just a matter of wording and the way they get out of certain having to have certain types of business license shouldn't be a trust issue do your due diligence either way

I was 16. At a county fair auction, they were selling a 1916D Mercury dime. It was at about $60. I told my dad to bid up to several hundred. We won, at $150. It was a 1916 Merc, with NO mint mark. I raised holy hell at the bait and switch, and explained to my dad what they were trying to do. We got ENORMOUS pressure from the county sheriff to complete the sale. Nope. Arrest me, and then the lawsuit will commence. They finally took back the coin, and kicked us out of the fair. This was 50+ years ago...

@paulrichards383

11 ай бұрын

WOW. What condition was it in because it would have had to be MS65+ for that amount without mint mark?

@Shattered_Instance

10 ай бұрын

@@paulrichards383 The coin being auctioned did have a mint mark. The bait and switch coin did not.

@paulrichards383

10 ай бұрын

@@Shattered_Instance I won a coin from one of these KZreadrs. It wasn't supposed to have a mint mark and it did. At least I didn't over pay. Still, after pointing it out, all I received was a "my bad". Let's just say I don't click on that guy anymore.

@jimjones6901

10 ай бұрын

That's terrible! Sad excuse for a police officer as well!

@JoeL-re1dc

10 ай бұрын

@@paulrichards383 That's what i love about using paypal, I've had 3 purchases in the last year that were bogus.... 2 defectives and a counterfeit... Request refund, explain why, and boom, you get your money back.... If the seller wants his item, he can send you a post paid label. I am a straight shooter, with 100% positive feedback and normally very forgiving, but i refuse to be scammed.

Doesn't matter what anyone tells another person, people need to do their own research before purchasing big ticket items! Coins, house, car, etc. People work hard for their money, so work hard to spend it wisely!

@LenHere

11 ай бұрын

Amen! Thanks for stopping by!!!

@LegacyStacker

10 ай бұрын

HI CoinTender Rarities! I love your channel icon! Very beautiful! 😎

@freeatlast7384

Ай бұрын

Just because he's asking way too much for the coins doesn't mean a scamming. If you feel too much walk away

I had a highschool job delivering Domino's pizza in late 80's. On one delivery a foreign lady paid with $11-12 one dollar coins. I think 5 or 6 of the coins were Morgan Silver Dollars. I obviously kept those knowing what they were. Still have them to this day.

@connorliang-ld9zv

6 ай бұрын

go to hell.

@maxwellblackwell5045

3 ай бұрын

Scum

@UndergroundLookingUp

2 ай бұрын

Was talking to a coin dealer and he told me how he used to tip waiters with Morgan's! Alas he stopped doing it because they didn't know what they were and often were underwhelmed. A year later I was working on a cafe briefly and a regular gave me a 1 oz. Bar! He gave them to all my coworkers at different points. I told my favorite coworker what they're actually worth and to think of it like getting a $20 tip! She was much happier with the gift having it framed in that way

@MAGA_Extreamist

2 ай бұрын

Nice!

@vespamadness2148

2 ай бұрын

The right thing to do would be letting her know they were worth far more than a dollar, you should be ashamed

Any dealer that claims ignorance about their items is attempting to scam the buyer. They claim ignorance or divert to a different subject to avoid disclosing information, or making a statement they'll be called out on later. Next big red flag was dropping the price by over 40% on first-ask. Even the new, lower price was way too high but they know this and want to lure in folks with the illusion of "a deal."

@markopredovic3902

2 ай бұрын

Not illusion of an deal. That is a deal. Any seller knows you need o have satisfied customer. And the best way to do so is lowering the price. Just an art of selling. If you go out for a new car and dealer gives you 20% of the original price, well, i think you would be very satisfied with the deal. And one more thing. Prices in catalogues are just a mere suggestions of an value of an coin, not a fixed proposal. Bare that in mind. You can literally put a price of an 10.000 USD on that coin. But if you will get it, well, that whole another story. But the coin is yours. You can literally do whatever with it, no criminal doing in that. Cheers!

@brianingram2068

2 ай бұрын

@@markopredovic3902 If I know something has a current market-value of $20, I will not be a "satisfied customer" when a dealer offers me 20% off their asking price of $100 for that item. As an informed buyer, I will know that's a rip-off, and avoid them. But these dealers are not trying to sell to "informed buyers" they are trying to scam novice buyers who don't know what market-rates are for the product they're looking at.

This happened to me a few years ago. I bought a trade dollar at a flea market and when I showed it to another dealer at the show he whipped out his magnet and said "Since when are coins made by the mint magnetic?" I told him I knew they weren't. I went back to where I bought the trade dollar and told the dealer it was counterfeit and I told him why. He refunded my money and five people walked away. I went back to the dealer that put the magnet on it and I gave him $20 for being so honest to show me I got ripped off.

@LenHere

10 ай бұрын

Thanks for your comment!

@4TWeak20

8 ай бұрын

Only one time did the US Mint make a magnetic coin. That was the 1943 steal penny.

@4TWeak20

8 ай бұрын

I forgot to add one more thing. I maybe incorrect on this but, I do believe some were also produced in 1944 as well. However, not that many were produced during that year and are rare making them the most valuable over the 1943 steel pennies.

@brian56

2 ай бұрын

I've seen these including seated dollars. All magnetic. They should be arrested at the sale for counterfeiting.

There was an article a couple years ago, how the leading open-heart surgeon in the United States, was buying gold at double its value, because he trusted in his financial advisor who was scamming him. You can be book smart, but when it comes to numismatics, you have to be streetsmart as well. You have to know who you’re dealing with! Research is the key!

@LenHere

11 ай бұрын

Yeah, those we trust most can do the most damage.

Everything wrong with numismatics and bullion is right there in a nutshell with that dealer. The black eye that this guy has given the hobby is what the rest of us dealers are stuck trying to undo.

@LenHere

11 ай бұрын

Unfortunately, I think what this guy is going in the open is how many dealers behave behind closed doors.

@user-lq3zk6cv8c

11 ай бұрын

@LenHere Yes sir, there are many dealers that choose to take advantage of the uninformed buyers instead of helping them become informed, IT'S CALLED BEING GREEDY. Maybe they thought they could get into the coinshop business, and it turned out that they are in over their head. They might be locked into a lease for retail space, or they are just plain greedy.

@davidlangley1844

10 ай бұрын

Great video and be careful with who you do business with

@LenHere

10 ай бұрын

@@davidlangley1844 That is the lesson, thanks for watching!!

@epiccash9067

9 ай бұрын

Stop being so damm helpless.... If idiots pick up and pay 1000$ for coin at flea market I have nothing left for argument about dealer not telling you what to do and giving a bad name to hobby... Are you all communists? Your walking on a cow field buying crab.... You diddent walk into a professional coinshop... Maybe try educate your dumbfuuuuck community if its a big problem, I see it as learning curve more that a problem. And guy is going LONG in silver coins ha ha and you give him shiiiit for that.... Nobody say fuuuk wallstreet ever...... And they short your shiiiity metals every fuuuucking month

Another point: NEVER, NEVER sell coins to transient "buyers" who come to towns, advertise their buying in local newspapers, and set up for a few days in motel rooms.

@brianrizzi6321

11 ай бұрын

If you’re selling then what is the problem?

@j.sayler6330

11 ай бұрын

Such transients may offer far less than actual value--taking advantage of local residents who aren't knowledgeable. At coin shows, sellers can get multiple offers.

@headhuntergaming0210

11 ай бұрын

DYOR. how about those sellers that are legit? You are stereotyping

@brendanjobe6895

11 ай бұрын

@@brianrizzi6321 The problem is that your local coin dealer will pay a better price, is likely more honest, and supports his local community. These guys set up "shop" on the side of the road or a motel room, run an ad in the paper, rip off whoever they can, then move on.

@billp4

11 ай бұрын

@@j.sayler6330 kind of like the we buy gold kiosks at the mall?

Absolutely! I always look for silver at my local flea markets. However, these premiums are outrageous!

@LenHere

11 ай бұрын

Agreed!

@robertrichard2739

11 ай бұрын

Local CSO is the answer

@user-lq3zk6cv8c

11 ай бұрын

@robertrichard2739 Local coin shops are not always the answer. I live outside of Houston, and I can tell you for a fact that there are a few lcs that are just as bad as the guy at the flea market, and they're doing the same thing Monday through Friday and sometimes Saturday.

@Zealor365

10 ай бұрын

Our pawn Shop in town is selling Washington quarters for $35 each. Let the buyer beware.

@user-lq3zk6cv8c

10 ай бұрын

@Zealor365 I just went to a local coin shop in Houston and they started out at 3 times Redbook because they seen the item for that on ebay. When I told them I wasn't interested in it for that, they came back down to Redbook. And every thing I bought was full Redbook prices. For sure not going back to them.

First coin I ever bought was a Morgan silver dollar from an antique dear. Was a very honest and friendly seller. Sold me a Morgan for $40 in 1992. Sent in to PCGS in 1998, came back MS65. Not all are bad.

As a young numismatist who has been collecting for many years (And works at his local coin shop) I can tell right away that if I came up to his table to sell he would try to take advantage of me and not try to educate me.

@LenHere

11 ай бұрын

For sure!!

@-oiiio-3993

11 ай бұрын

Bingo.

@gcbranger1189

11 ай бұрын

it's nice to see young kids into the king of hobbies! hope you're into coins for life!

@walterford5875

10 ай бұрын

I have heard stories from the lady across from our shop that people will try to take advantage of my son when he's running the shop by himself. But he's tough, tougher than me by far, and has definitely learned not to take crap from people looking to take advantage of a kid.

@wallaceedge5865

10 ай бұрын

Kko

Sad but true it seems like there’s more people trying to rip you off than help you

Just subscribed - longtime coin collector and metal detectorist. Thank you for making the video, like you highlighted, there are a lot of new coin collectors who don’t have the knowledge to know this guy was screwing the over. Folks like him will end up turning new collectors away from the hobby. Keep up the good work.

@LenHere

10 ай бұрын

Thanks for your kind words.

My youngest daughter had a few dollars to spend at a flea market back in the '90s. This is when the state quarters were just coming out. She came running up to me all excited and said "Look, I got some of the new quarters!" They were the first I had seen also, but she bought them for 50 cents each. Somebody doubled their money quickly. I didn't have the heart to tell her that in time they would be common and to this day they are worth 25 cents. Oh, well. That's how you learn.

@LenHere

9 ай бұрын

Lots of errors on those quarters, maybe there’s some treasure there…

@Cody-Bear

8 ай бұрын

I was 13 when I saw the first State Quarter came out for Delaware. The State Quarters was what got me into coin collecting.

@stilcrazychris

8 ай бұрын

Bless her heart.

@JRileyD

8 ай бұрын

I still have my map with the quaters for each haha

@eriks8382

3 ай бұрын

I thought state quarters came out early to mid 2000s

I was stunned by his prices on the Franklin halves. I have always thought that they were beautiful coins and fairly easy to collect because there are no super rare key dates. Used to be you could find decent quality examples of most any date and mint for very little over melt.

@anonymous071985

2 ай бұрын

That's the point. His prices are too high. Like pawn shop prices. But the difference being this dude probably paid retail and is now trying to mark up retail.

I was at a flea in Hartville, Ohio when I noticed a guy had a booth set up like the one in this video. I was browsing and asking questions like "do you test all of your silver coins?" when the guy shuts me down. He exclaims loudly "I won't sell to you sir!" What!? The guy did not like me asking questions. I'm new to stacking and I was being polite in my inquiries. Go figure. Is it considered bad to ask questions about authenticity?

@LenHere

10 ай бұрын

No, its a key way to expose red flags as you did!

@donaldmaxie5264

Ай бұрын

Put a small magnet in your pocket. It won't detect all fakes, but it's cheap, easy, fast, and non destructive. If it's sticks to the coin it's fake, unless it's a 1943 cent.

When you asked if he authenticated the coins he went straight into how he acquired them which means no he did not lol. Those prices blew my mind. It reminded me of those late night tv coin shows trying to gouge people. I always look for coins at flea markets but rarely find any at a good price. I buy primarily from coin shows and my lcs. Excellent and very informative video! Subscribed!

@roberthein2156

10 ай бұрын

He would be lying if he told you different.

@kevinpresley3136

10 ай бұрын

I remember the late night "dealers" over hyping the statehood quarters so much.Outrageous prices then now worth 25 cents.

@chrisloesch1870

9 ай бұрын

@@kevinpresley3136 oh yeah. The state and national park quarters are a fools errand. I actually have complete sets of P, D, and S proofs for the states and have acquired a few of the more well-known errors such as the Wisconsin and Minnesota strike errors. I also have the P, D, and S America the beautiful quarters and a couple of the west point quarters. My father got sucked into the program through Littleton. I told him for YEARS that 99% of these quarters would be worthless beyond face value and he bought rolls and rolls and rolls of them and cataloged everything to make sure me and my brother each got complete sets. While i appreciate the thoughtfulness of his efforts he essentially wasted THOUSANDS of dollars doing it for coins that will never be worth much over face value. He STILL insists eventually they will be worth quite a bit more. My brother and I who are into stacking silver and gold while occasional purchasing numismatics here and there have told him OVER AND OVER AND OVER again. STOP IT DAD! They will not be worth diddly squat over face value 20 years, 50 years, 100 years, or even 10,000 years from now, you're wasthing your money. I put together one book of each mint for both programs but cashed in the rest of the quarters (dad bought them in $10 rolls direct). Imagine having hundreds of pounds of quarters in ammo boxes that will be worth absolutely nothing more than face value in a few years. I've been watching their values online, in the red book, at flea markets, etc., and it's negligible increases at best. 100's of millions of these coins were minted. It's just too many. Even the ones in the original wraps are still worth maybe a buck or two more than $10 at BEST with the exception of one or two states and a handful of the state parks, but that's Soley because of the paper wrap whoopy d' do! This is why i don't collect Numismatics for the most part. It's way too easy to be saddled with 100's of pounds of essentially worthless coins and one day your 80 years old and your kids are helping you clean out the house and downsize and then you have to find a way to get rid of them and can't carry them youself and saddle the kids, and grandkids with them. That's not a good thing to do. Don't fall into the traps set by shady companies like Littleton. They scammed thousands of folks for decades, especially starting in the 90's with their magazine ads flouting ohhhhh the state quarters will be worth 100's of dollars each in 20-30 years. All LIES! Stack gold and silver and keep it simple.

Being a coin collector I get scared when people try and sell something for way out of bound prices. I agree, this only gives bad vibes to people that like to collect coins.

@n2omike

8 ай бұрын

It's not a foul for someone to ASK whatever they want for a coin. Nobody is being forced. The burden is on the buyer to know what he's paying for. To turn things around... How many people would have been walking on air if the guy was asking $50/each for the coins, with you knowing they were worth $400? Would you immediately start educating the guy, or simply feel FINE about paying his asking price, and buy all you could afford? It goes both ways! People are thrilled to find sellers who don't know what they have, but are offended when they think someone is asking too much. Hypocrisy. Selling outright fakes is fraud. A seller asking more than you think something is worth is not. You are free to NOT buy it.

@jeffd1986

8 ай бұрын

@@n2omike Spot on Mike. That's how the flea market world works. If you're looking for a deal, have some knowledge of what you're looking for. I know just enough about coins to steer clear of them at flea markets.

@sheckypavel9452

8 ай бұрын

100 % i like your comment ! .@@n2omike I sell also and I tell guys like this "You can go somewhere else then" This was an old retired guy trying to make a buck. The maker of the video is acting like ALL flippers are gonna be coin experts as he suggests he is. Kind of rude .When I re-sell I tell no tale .Have a Nice day .

@vastcore

8 ай бұрын

Even when price is far lower it's still dodgy

How TF Is he selling 90% Franklin halves for $40 that is absolutely insane. And $50 for peace dollars. I'm just flabbergasted. If they actually sold for that I'd be the richest man in town

@LenHere

9 ай бұрын

A village is missing their idiot... :D He's at the flea market!! :D:D

@joelnordstrom8049

3 ай бұрын

Cuz there's one born every minute!! (A sucker)

@vision821k4

Ай бұрын

@@joelnordstrom8049 Americans love capitalism. You get something for a lesser price and than you charge the most for it you can get. He's not doing anything wrong.

Looking at his set up and inventory and then hearing him say he knows nothing about coins, he's just an antique dealer would make me laugh in his face.

Well said! I see this all the time at card shows and video game shows. Prices way above what they are worth, and they throw in a bogus story to try to get you to buy it. I always look up prices to make sure I am not overpaying at shows. It's a simple thing that a lot of people miss.

@craigsetser1991

9 ай бұрын

As a flea market vendor in Ohio, i encourage customers to look them up or check the "Gray Sheets" (which show nationwide coin prices weekly). If i am too high, lower the prices! That's what flea market vendors suppose to do. That's why people look for me every weekend, by being honest, fair, friendly and be cheaper than a store or eBay. Collecting is suppose to be fun, not dis-heartening or torture.

@RSI24

9 ай бұрын

Shows are known for rip-off alley especially gun shows..I go shows to check out unique items but rarely buy

As a beginner stacker/collector I'm the sucker he's waiting for. Tha is for the reminder not to trust anybody and due my own due diligence and teach myself about something and not buy based on emotion and because it's in front of me.

@LenHere

9 ай бұрын

At this stage, try your best not to make impulse purchases and you'll do well. Research your decisions and you will find success...

Your at a flea market, this guy is selling coins which you dont have to buy. Its YOUR duty to know what youre buying not his. Not sure why you labeled this as a scam, its just someone selling coins above market value at a damn flea market. From the title I thought he was going to have fake coins, then youd have a point to make.

It's the same up here in Canada at flea markets. They way over charge for scrap silver coins, I always tell them that they are only worth the silver content.

You got mine!!! More power to you and keeping this hobby on the up 😊

@LenHere

10 ай бұрын

Yes! Thank you!

Hi Len Here! Nice video, thanks for the warning to new stackers and collectors! You've got to be careful out there! 😎I've subscribed to your channel!

@LenHere

10 ай бұрын

Thanks, appreciate it!!

I just started collecting silver coins. Thanks for these vids. I don't think i would ever buy coins at a flea market.

@LenHere

5 ай бұрын

Coin collecting has a learning curve, buy from trusted sources and dealers until you're educated enough to not get burned.

I had to laugh. $39.75 for 90% Franklin Halves. I just picked up some nice ones from my LCD yesterday for $20.00 each. From the looks of it wasn't selling too much of anything.

@user-pj6bl5md5r

11 ай бұрын

Ummmmmmm $20 each?? That's $40 face.,that's crazy. My LCS is at 20x face. Even better is I go thru half dollar boxes and have found 6 90% ones and 23 40% so far this year.

@-oiiio-3993

11 ай бұрын

@@user-pj6bl5md5r Silver mining at the bank. Good stuff.

@billp4

11 ай бұрын

@@user-pj6bl5md5r You're doing a lot of work to get those. Most people don't know the years the halves were 40%.

@wayneweidman1543

11 ай бұрын

I think you’re getting ripped off. I hope they’re at least au if you’re paying $20 each.

@wheelman0799

11 ай бұрын

You should be paying $10 to $12 max

Awesome video, as a new collector to the hobby, I spent many hours researching the hobby before I purchased any coins. My father collected gold coins throughout his life and taught me quite a bit about it long before I started collecting.

@LenHere

10 ай бұрын

Thanks for the kind words, keep collecting!!

My son and I run a Coin Shop inside a Flea Market in Myrtle Beach. We have a permanent inside location, and still have to fight off the mantra of "Flea Market Coin Dealers". We preach to all our customers to educate their family members. And we love to educate our customers. Great job putting these videos out, keep up the hard work!!

@LenHere

11 ай бұрын

Guys like you are a rare gem, keep it up!!

ty for calling him out, he was being coy to say the least, good job,

Good video. The guy selling the coins was full of shit. I love how he says, “you know more than I do”. If I ever hear that from any coin dealer that’s my signal to walk away because he’s not an honest dealer. You can bet he knew what they were worth at the time “He” bought them. The guy is a lying dog. Don’t ever do business with someone like that.

@LenHere

10 ай бұрын

My thoughts exactly! Thanks for Watching!!!

Thanks for this I've seen this kind of seller all over lately it sucks spread awareness because people need to know better than that one and walk away quickly

New subscriber here !! Great video, I think it's important to make people aware of such wrong doings, good job 👏🏼

@LenHere

11 ай бұрын

Thanks for the sub and the kind words!

@LegacyStacker

10 ай бұрын

Hi Urban Coin Collector! Nice! Absolutely! 😎

I can tell you that his story does not add up . He stated that the previous owner passed away four years ago at the age of 94 . That would make him 16 years old during the start of WWII . He could have been in the medical corps but would not be a surgeon at that age and without a medical background . The reason I am sure is because my father passed away in 2019 at the age of 94 . He joined the army at the age of 16 in the infantry and fought in the pacific .

@DanielHughes-rf2yf

9 ай бұрын

Could he have learned to be a surgeon by the end of the war it was 4 years? Just curious. I think the man in the video is a crook. Where he got them could be true.

@eaglerider1826

9 ай бұрын

@@DanielHughes-rf2yf I know things were different in the 40's , but to become a surgeon you must complete medical school . It was not possible for him at the age of 16 .

@edwardsjohnpaul

2 ай бұрын

lol took me a while to scroll to this comment, I'd just posted mine 7 months late! You're 100% right, total makey-uppey story that guy is telling.

@eaglerider1826

2 ай бұрын

@@edwardsjohnpaul The only reason I felt so strongly about it was because my father actually joined the army at the age of 16 . My grandparents had to sign for him to enlist . He took his basic training at the time at Schofield barracks in Hawaii and was placed on guard duty of one of our underground ammunition bunkers after graduation . He was there when the Japanese bomber the island .

He's not a scammer, he's an antiqu-er. Every antique shop i go to has Kennedies for over THIRTY FREAKING DOLLARS. This is almost a steal from an antique dealer. They'll pay spot, and no premium, only to sell for double. Unlike coin shops, they count on making double not a few bucks. Remember folks, your LCS settles for your business at just the premium, thats all they make. Dont expect that from people who want money

@edwardsawtell5712

11 ай бұрын

Bingo!

@brendanjobe6895

11 ай бұрын

Hit the nail on the head. The goal is to sell TO them. At that point (if you haven't made them mad), you'll see what their game is.

@NorthFlPicker

11 ай бұрын

Unfortunately my LCS tries to retire off every sale and pays a fraction of what a good coin dealer does. That’s why I drive about an hour to the next closest coin shop..

@ScratchyBaws

10 ай бұрын

Spot on. He's an antique dealer NOT some scammer. This uploader is a bloody idiot.

@user-ju7cv1in5s

10 ай бұрын

unfortunately, my LCS cares too much about the money and offers way way under grey sheet wholesale for coins. I went in with an 1858/7 flyinging eagle strong MS64 PCGS Grey sheet at 14000 and retail 30000. He offered me 9000. I started to walk and he jumped up a thousand. I left and sold it to another dealer but had to drive 1 hr and 10 minutes one way to get to him. So Not all LCS are equal. Do your homework and leave and don't fold to the pressure to sell if you aint comfortable.

Learned - Thank you very much! Subscribed. Have a great week ahead. 😱☕🌞👏🏼🙂

@LenHere

11 ай бұрын

thanks so much!!

Great video! You’re doing good work with these types of videos. Respect!! 👊

@LenHere

2 ай бұрын

Appreciate it Cap, thanks for watching!!

I looked up every coin I have and priced them so my family will know how much their worth. Prices are based on recent market research and auctions. Also I put the amount i paid for them. Plus a cover sheet that is updated every month. It sounds like hard work and at first it took around 200 hours but know it’s easy to update. I even did my foreign coins. It was easier than I thought it would be.

@LenHere

11 ай бұрын

I taught my family how to use the red book, and we were ebay resellers once, so I've labeled my coins so that they can easily identify and search them.

@financialeducation4433

11 ай бұрын

The back of the holders is a nice place to put dates of price paid and and updated values over time. Or put pieces of paper in the bag. Making it easy for whoever gets um to see their value.

Great video! If you have old valuable coins like that you definitely know at least the round about value not just what you paid for it lol

@LenHere

11 ай бұрын

Absolutely!

@-oiiio-3993

11 ай бұрын

This guy's pants were afire.

Thank you for making video. Need more of this.

I bought a few coins and everyone had issues that i of course being new didn’t see. I then found a guy in my area who gave me some great info and i enjoy coin collecting as a small hobby now. Most important thing is finding someone you trust that can give you real world advice

Flea markets are for buying cheap trinkets. You do not buy expensive items that can't be verified at high prices from people that can be gone in the night. Exception to that is if you are an absolute expert with a particular type of item and can spot a fake versus real. Many flea market people go for just casual fun and get easily ripped off.

The price marked on the 2X2 for that damaged 1913 $2.50 was obscene. Notice how he dropped it by half the instant a potential buyer who seemed to know a thing or three showed interest. If someone who knew nothing about coins wanted to buy it as a gift for a collector this guy would have soaked them for more than $800 over its value.

Thanks a lot for making and sharing Your video - well done for taking Him to task aswell 👍

I have a small gun collection and that is such a good tip that people should all do for any collection.. i tell my daughter exactly how much my guns are worth so when im gone she can keep the ones i want her to keep and i told her at least 2 pistols a shotgun and a rifle for her own protection and i dont care if she sells the rest but i guarentee she wont get screwed like so many people do after their loved one dies and they never discussed their collection

That's when I break out my Sigma and watch them start to sweat.😁

Thanks, it's good to know your stuff. Red book, gray sheet

@-oiiio-3993

11 ай бұрын

Kryptonite to scammers.

Good job, on this video. Everything you closed with, is spot on. I find it hard to believe someone, with zero knowledge would have that many coins, etc. up for sale. As for buying, without knowing true value, as someone in an ancilliary industry, he must know how to effect some basic research. He may be genuine; but he would have to prove it, to me. I'd put 1oz of silver that he would never be seen at a coin show; even if it was just down the road, from his supposed antique shop. Were there any ASE coins there? Just cutious, as they do seem to be the fake flavour, of the month.

Great video, protecting others from scammers is an admirable task, especially when it’s in the quest to protect a hobby that you are passionate about…..well done Sir! 👏🏻

A red flag for me was that the story he told of the Surgeon in Korea doesn't line up with the Kuwait liberation medal on the table. That was earned in Desert Storm.

@LenHere

11 ай бұрын

Good eye!!

I'm new to coin collecting, got my autistic sons into it. Really enjoyable, but only looking through our change to see what we get, and cheap stuff at the local coin shop. Great video. Earned my sub.

@LenHere

9 ай бұрын

Start coin roll hunting quarters with your sons, lots of fun errors in the statehood series and America The Beautiful quarters, also plenty of silver and W quarters to be found. The beauty of the hobby is that it's as cheap or expensive as you want it to be. Talk to your bank and let them know what you're doing, they will be happy to help you out. Barns and Noble as well as Hobby Lobby sell folders you can fill as well Have fun!!

@waynefinnicumbb7218

9 ай бұрын

@@LenHere I've tried that, but it's like all the banks in my town has 2022 or 2023, so I'm not finding much. I found 2 W quarters in my change, but found nothing in rolls. I can't even find customer rolled coins at the banks or stores, so I have to overpay at the local shop when I have the extra money. Found d more stuff in the coin star, they got a lot of Canadian from there and a few Euros. They were excited for those. And a few Wheaties

@LenHere

9 ай бұрын

@@waynefinnicumbb7218 I have been known to use laundromat and car wash change machines to find some fun stuff. Made some videos about it. Lots of ways to skin a cat :D

@waynefinnicumbb7218

9 ай бұрын

@@LenHere When I get the chance, I'll be watching a lot of your past videos. Probably have the boys watch with me.

@LenHere

9 ай бұрын

Very cool@@waynefinnicumbb7218 thanks for watching. see you in the comments!!

I don't even collect or like coins but watched this all the way because of how interesting it was

There's always people looking to make a quick buck ! On unsuspecting people . And a flea market is a place where you will come across both the good and the bad with in a few feet of each other. Unsuspecting buyer's beware. Great video and thanks for sharing 👍

I collect coins too, and I have looked at flea markets and you will usually always find that they way overcharge for everything. I've seen common silver certificates that you can buy for 3 to 5 dollars at a coin shop and their charging 20 for them. Same thing goes for some coin shops they want to give you 23 dollars for morgan and peace dollars, but when you look in their displays they are selling the same condition/date coin for 40 to 50 dollars, yet you watch videos of coin dealers that claim they only make 10 to 20 percent on the coins they are buying. So the real morale of the story is know what you are buying value is or just leave it there. I always carry a backpack with the Redbook and other resources with me.

@LenHere

11 ай бұрын

Good idea carrying the redbook, THAT is an irrefutable weapon...

@user-lq3zk6cv8c

11 ай бұрын

@LenHere what a lot of people don't realize is that the Redbook is a price guide. The Redbook is released around February of the year prior to the date on the front of the book and is actually what the authors are hoping coinprices will do. The reality is that if you go to " reputable coin shop" you will see that they are usually selling coins around 80 percent of Redbook prices. That being said, there are coin dealers that are selling their coins for full Redbook prices, which is the other part of the pricing problem.

@-oiiio-3993

11 ай бұрын

@@user-lq3zk6cv8c Redbook prices have always been 'high retail', even long before the market became so volatile. It is, however, the primer of choice for beginning or novice collectors and a handy reference for all.

@user-lq3zk6cv8c

11 ай бұрын

@-oiiio-3993 you are correct, as is ebay sold prices, but what a lot of people who don't sell items on eBay don't know is that most sellers are pricing their items 15 percent over regular retail because they are giving eBay that much for helping them sell their items. I was talking to one of my local coinshop owners and he's going to stop selling that way because eBay is making more money than he is on the items he sells through them. The people are raising their prices to cover this expenses that they are incurring. The real problem is that there aren't enough videos covering these issues, and people are using eBay for sale prices as a way to elevate their prices. So maybe if more people will just simply go several different coin shops before they get in over their head shopping at flea markets. I have never found any coins or currency at a flea market that weren't overpriced. It all boils down to knowing what something is worth before you buy it. SELF EDUCATION

@-oiiio-3993

11 ай бұрын

@@user-lq3zk6cv8c Another problem with that is that a lot of people on Ebay sell things for _outrageous_ prices to the uninformed such as common date 'no mintmark' coins from the many decades that Philadelphia did not use one. Ebay sold prices are a very unreliable source of actual value.

First let me start by saying if this video was filmed recently his prices are kind of high actually not even kind of they're high in my opinion. Next that's why anybody buying gold or silver either needs to really know what they're looking at or needs to spend some money and buy a sigma. Because I can tell you one fake gold coin can really make someone negative on gold and silver. Great video I love watching videos like this. I'd be curious where this flea market was. Great video! Keep posting my friend. I 100% agree with your comment people need to be teaching their kids what they have. I spent a lot of time teaching my kid about my coin collection and eventually the day will come when I pass away and I've explained he should only sell what he needs to sell to buy what he needs not overselling the collection just to have money sitting in the bank. Coin collecting is truly passing on wealth to the next generation but if you didn't teach him anything you didn't really do them a full service. And for the record I would say that guy was full of it. He was clearly fibbing about one of two things. Either he took full advantage of somebody on the collection and just jack the price up to resell it with no real knowledge of what he had. Or he knew exactly what he had and was gouging people. An interesting thing that you said nothing was underpriced That is a dead giveaway to me. Because a lot of times when I go to coin shows or flea markets or estate sales or any of them type of places I always look for the items that are underpriced like junk silver at 10x. Or antique sterling. But I will say he needs to make a little something. If I were to sell I would go look at the bullying companies what they're selling that stuff for. The book ain't always up to date especially with gold prices nowadays. 1 oz gold coin in the book I can't remember the year but it was like 1950. There's no way I would sell a 1 oz gold coin for under 2K. But double the price is outrageous.

@LenHere

11 ай бұрын

Thanks for watching, the flea market was in Antigo Wisconsin, FYI.

@robertkorn

3 ай бұрын

The prices are snoop dog high.

I've heard the rap from this guy for a lot of decades and it sounds just like it did the first time I heard it! In fact it kind of shocked me that it sounded so familiar!! Very good info and good talk to younger or inexperienced people! There's a lot of people out there happy to take your hard earned money from you!! Take some time to educate yourself as much as you can, and don't be afraid to ask questions!! If they can't answer you, it's a good sign to shop else where!!

Great video! I collect coins and sports cards. I have coached up my family on how to check comps for value. Important, as none of us are guaranteed tomorrow!

He is a scammer. He knew exactly how to comment on the damage and the fill in on the one coin but claims to know nothing about prices. You're right, he is bad for the hobby.

If you think his prices charged were bad, just imagine what he likely paid for the collection. I promise if you had the coin you wanted to sell in hand that you would not let it go for his proposed buy price.

Great Video. Need more like this around here instead of click-bait reaction videos, that's for sure. I resell toys and junk at flea markets and can tell you that there is a LOT of scammers out there. Do your research and take a price guide with you. My Paw-Paw was a collector, and I love to treasure hunt coins from watching him. Thanks for keeping us informed.

Thanks for sharing the truth 🙏 and exposing the corruption and greed

I wish I could have caught a price on those lt. colonel pins. They are 10 bucks online and cheaper near any army base.

Damn near $40 for Franklins in that condition is highway robbery.

@LenHere

10 ай бұрын

Hopefully he left with the same number he showed up with, but I'm sure he sold a few...

@jeffw1267

9 ай бұрын

I just bought a common date MS64, in an early ANACS holder, for $20. That's INCLUDING shipping. Franklins aren't a hot series unless you have a very high grade FBL.

@afridgetoofar1818

4 ай бұрын

You know more about it than he does, but the doctor wasn’t stupid.

GREAT job! Thank you!

I’m new to coin collecting and the first few coins I bought I somewhat regretted I bought them over my phone and the condition looked better from my phone then in person I was lucky that I didn’t overpay and this was months ago I gain more and more knowledge everyday seeing the coins in person Is the way to go I still buy online but I don’t just jump the gun because I think it’s a good deal I take my time and really look at the condition of the coin and then I look it up to see what it’s worth in the condition I think it’s in and if I can get it for a little under what it’s worth I’m happy. Iv never tired going to the markets like this if I would have been there I would have looked up every single coin that I would want to buy to see what prices are and then i would look the coin over really good to see if I could spot a fake but I’m no expert so I could buy a fake coin and not even realize it.

@zmoney4689

10 ай бұрын

Please learn to use periods. SMDH

Twenty three years ago, my wife thought she’d surprise me with some nice coins she won in silent auctions. Most were worth nothing more than face value. She wouldn’t tell me what she paid, but I swore her off of trying to add to my collection, without at least checking with me first. Lots of charlatans in the auctions and flea markets.

@LenHere

10 ай бұрын

Your wife sounds awesome, even if she overpaid... grace and peace, thanks for watching!

@ScratchyBaws

10 ай бұрын

Did she re-marry, poor woman.

Well I sell coins at a Fleamarket, not everyone that does is scammers, however I dont have my coins ridiculously highly price, its fairly price. Definitely educate family on coins. They need to know what they have or what they should buy and estimated price ranges they should be buying at. I use greysheet, and Redbook to price my coins out. I pick up at a deal, I sell still at a deal, not always can I sell at a steal but i try to sell at good deals as much as possible. I would have called him out.

@-oiiio-3993

11 ай бұрын

To cover one's overhead and make a reasonable profit is fair, This guy's prices were ridiculous.

@LegacyStacker

10 ай бұрын

Hi Dollz Dolly! That's great! I just subscribed to your channel! Nice video content! 😎

@DollzDolly

10 ай бұрын

@@LegacyStacker thank you ❤️‍🔥

Appreciate what you're doing. Keep on

New subscriber thank you for sharing I always watch your videos very helpful❤

If these (so called) coin-antique dealers were legit, they would set up at coin shows. The reason they don't, is because the buyers at coin shows are more knowledgeable. Let the buyer beware.

I went to a private family run estate sale a few summers back and at the checkout table were approx. 200+ American silver eagles with many many different dates spanning the 1990's - 2000's and a sign which said $2.00 each. I picked up several and they felt right, weighed right and looked right. I did my best to keep my cool and said, I will take all of them. The guy then told me, I have to be honest, they all stick to a magnet. I thanked him profusely and withdrew my offer. A friend who got me in to gold and silver 30+ years ago told me that he had also been there before me and had said he would buy them all too until the same man warned him. Be careful out there. Usually counterfeit bullion and other coins have the same date on them but these all had dozens of different dates which made me think they had to be the real deal. I have bought almost all of my stack from a very well known local coin store over the years and suggest that all should do the same.

@LenHere

10 ай бұрын

At least you were warned. Thanks for watching!!

@MosheHaMayim4591

10 ай бұрын

@@LenHere Yes, I appreciated it. It would have been bad to spend several hundred dollars and be the new owner of a bunch of fake coins.

@bluegoose94

10 ай бұрын

He was honest and didn't want to rip you off. You were not and were going to rip him off.shame on you. He should have ripped you off. Remember that next time you see something like that be honest with the seller.

@Shattered_Instance

10 ай бұрын

@@bluegoose94 Very well said. Funny how some people think. It was ok to rip off the seller and essentially "lie" by not being honest about what he had but the seller was more than honest. I would have offered him $1.00 each and destroyed them all. He gets rid of them, makes a bit of cash. Then I remove them from the market to protect others for a small amount of money.

@kohnbonn9744

9 ай бұрын

Yea dude you're a scumbag. Was gonna burn the dude for 2 bucks a coin he should of let you walk with them you filthy rat.

This is a great video I love it, you made the end of the video about making things overpriced while stating that he knows nothing about the coins and their prices

You got my sub man, for sure.

Anyone that tells you a long story about how they obtained the items they're selling and keeps explaining more about the story even though you didn't ask is most likely lying.

Price gauging and trying to take advantage of people who know nothing about coins at flea markets is bad but at least I didn't see anything on his table that was fake unlike what I can find at my local flea market.

@LenHere

11 ай бұрын

I didn’t look closely enough to know if that’s true or not…

@Evom777

11 ай бұрын

The gold coins and Morgans could easily have been fakes. To quote Randy Campbell's forward that's in the book United States Gold Counterfeit Detection Guide. (Fivaz 2021) "Be afraid. Be very afraid! There a great many counterfeit gold coins on the market, just waiting to be purchased by unsuspecting collectors and dealers. How serious is the problem? I attended my first coin show in 1960. Since then, I have been at several hundred coin conventions of various sizes-and I have seen counterfeit gold coins at every show I've attended." I'd bank on a few of that hack dealer's gold coins in this video being counterfeit.

I look every where. But I educated my self talking ( listening ) to dealers. Reading my red books. Watching coin shows. Great video.

There are so many dealers that do this, screw people on both ends, then claim ignorance when someone says something.

Please hit the like button, and leave comments. Do you look for coins at flea markets?

@user-lq3zk6cv8c

11 ай бұрын

I do look for coins at the flea markets whenever I can, but they're usually overpriced, and all you can do is leave them there unless you just got to have it, which brings up the subject of a coin or any collectibles are worth what someone else is willing to pay for them.

@paulrichards383

11 ай бұрын

No. I don't go to flea markets as it is.

@user-lq3zk6cv8c

11 ай бұрын

As long as there are uninformed buyers, there will be people who choose to take advantage of them. As he stated in the beginning, he bought them from a friend's estate and the friends family may have took advantage of him, and now he's just trying to get his money back instead of taking a loss.

@JLeB19395.retrojunk

11 ай бұрын

Flea markets are not what they used to be. Every time you ask how much something is they take out their phone and see what it is going for. I refuse to pay retail or more at a flea market. Been having the same issue at antique stores coin hunting.

@user-lq3zk6cv8c

11 ай бұрын

@johnlebel9395 I have a coin shop that I go to that does the same thing, but when I asked what the least he would take for it, he came down to just under 80% of Redbook. The other thing I do is always pay cash, as the old saying goes money talks and bs walks.

Its the seller's prerogative to price how he wants. As a buyer YOU should know what your buying and at those prices just look at all the candy and Move One. IF someone wants to buy at those prices?? Who am I to tell them how to spend their hard earned money. Education is KEY. But you can't call out the seller for pricing his coins the way he wants.

@LenHere

11 ай бұрын

He can try to sell them however he wants, sure. The question at hand is motive. What if they were all fake? Would it also be his right to defraud people? After all, its up to them to be educated, and who am I to tell them not to buy fakes???

@paulrichards383

11 ай бұрын

The seller can put whatever price, but there's also a first amendment to say it's way overpriced. If I was there and not busy, I would stand there and tell anyone interested in buying that it's not worth it, and they can decide at that point to listen or get ripped off.

@wayneweidman1543

11 ай бұрын

@@paulrichards383 would you do that at a car dealership or furniture store? Lots of places overprice their merchandise. If you’re all about warning people that they’re overpaying you should do it everywhere.

Great video .All the best from Tassie ,Australia.

@LenHere

Ай бұрын

Thanks for watching!

Having done a lot of work in this area his entire spiel rested heavily on the backstory on how he procured the inventory and their alleged history of ownership or what is referred to as "provenance". Sort of like an art piece, which is the accepted method for determining authenticity of a painting or a sculpture. For example, a lady famously bought a painting for $5 at a garage sale to cover an area in her home. Turns out, forensically, the painting was by Jackson Pollock, even had his fingerprints, but lacked a proper "provenance", so she had difficulty selling it, but an Arab prince offered her $2 million, which she refused because it would be work several times more with a provenance. Yeah, I listened to his soft sell BS, and can say, been there, done that. I would just just move on. He's selling there for a reason, to snag a sucker.

Sad truth is everything on that table, including slabbed coins, could have come from China.

@LenHere

11 ай бұрын

You're not wrong...

Here is a great comment to tell the "Dealer" the next time you run into an unscrupulous seller. "At least Jesse James wore a mask and carried a gun!" LOL (Now you can substitute the name Jesse James for John Dillinger or Al Capone too). It's a great line to leave them with and make them realize what they are doing. As if they care!

@LenHere

11 ай бұрын

Dealers like this DON'T care, if they can screw a couple people over and make a few bucks, that's all that matters. Great line though!!

@davidaustin5882

9 ай бұрын

Sorry, that comment is stupid. Your better to say nothing than open your mouth and prove your ignorance

It's exactly the same thing when buying old comic books. Thank you for this video. I have a channel educating on golden age comic books.

Thanks for the video, everyone should be cautious when buying. His prices were way too high.

@LenHere

10 ай бұрын

Thank you for watching!

Who cares what he prices coins at?...if somebody doesn't do there research they deserve what they get...also if everyone held there high price then all the coins would go up in value faster...

@LenHere

10 ай бұрын

I though it was pretty obvious by the entire nature and tone of the video that I care, and by most of the comments by thoughtful people on this comment feed, lots of others do to.

Thx for sharing this, this guy was daydreaming …

@LenHere

11 ай бұрын

Absolutely!!

@ACE_.

11 ай бұрын

@@LenHere any update on the toned Walker ?

I like how his response to any criticism on the price was “you know about it than I do”. No effort to correct his prices or ask info on the coins he supposedly knew nothing about. What a scam artist

Is there a handy book or site to look up these coin buying basics? Also Any suggestions for online shops to purchase vintage pieces, besides places like eBay? I don't have any local places to go to like this unfortunately, thanks!

I’m seeing tons of fake coins and fake bullion coming into my store these days

@LenHere

10 ай бұрын

I hear that locally too, what a shame!

@LegacyStacker

10 ай бұрын

Hi Jewelry and Coin Exchange! I just subscribed to your channel! Nice Video Content! 😎

@goldsilverstackers1

10 ай бұрын

@@LegacyStackerthanks man, I appreciate it!

Wow this guy is a swindler. I'm glad you called him on his bs. I'm curious how much he would have bought a Franklin half dollar off of you for lol. He's selling them for $50 so I'm sure he would have gave u at least $30 right 😂😂😂

@LenHere

11 ай бұрын

At $30 I'm a seller, I'll sell them all!! :D

I have purchased a Sigma verifier. They are pretty good with the one ounce coins and some of the smaller coins. They do not work as good with the gram bars. It still makes me feel much better when buying bullion. I now pretty much just buy from reputable coin companies

I'm starting to learn that a lot of coin dealers and gold shops are predatory. It's a very schetchy sector. Very pawn shopish.

You got my Sub

@LenHere

10 ай бұрын

Thanks, appreciate that!!

@LegacyStacker

10 ай бұрын

Hi Verns Rock's & Stuff! And, you now have mine, I just subscribed to your channel! Nice Rocks! 😎

My first purchase of silver was from a online auction site. After auction price, a fee and S&H I paid around $17 for a 1 gram bar. My ignorance to the hobby got the best of me but I thought that bar was so beautiful I had to pursue it. So I educated myself and have been stacking for 5 years now. I have never regretted that first 1 gram purchase because it started my journey.

@LenHere

11 ай бұрын

Education is never cheap. We have all learned those valuable lessons.

@tymcfadden8496

10 ай бұрын

My coin collecting journey started at an auction in a small town in Washington State three summers ago. I bought two Silver Eagles for 20 bucks each and not knowing anything about them I took them to a dealer up the street from my house. They were fakes, and I was really bummed, so I started educating myself about coins by watching dozens of videos and ended up catching the collecting bug, been stacking for three years now and I love it.

@mrmouse-ol9pw

9 ай бұрын

My first one ounce of silver was fake. Cheap lesson learned

@LuLuLately

8 ай бұрын

@@mrmouse-ol9pw I'm really new to all of this and terrified of being ripped off. How do you test them without having an expensive machine? I've seen those pocket pingers but I wonder how accurate they are when it comes to larger coins and bars. Hell I don't know if you can even use one on those.

@mrmouse-ol9pw

8 ай бұрын

@@LuLuLately sure u can. Dont even need a pinger just use a pinger app for your phone. Youll learn. 🙂

I was gifted a drawer full of state comem halves from the 40s and 50s with the coin magazine and hand written value sheet. They were in the drawer as a constant reminter to the business owner that people like your subject hawker exist. These were hand graded to +2 grades above what pcgs eventually said, with bottom line stared value over 16k, used to pay for 12k of carpentry work in 1983. Final value in 2015 1850.00 the huguenot topped the bunch at $320. NOT what the back of the coin magazine said.