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Is This How Coin Dealers Rip People Off? Coin Dealer Gray Area

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Are Coin Dealers Crooks? youtube/04XfDWg_4qE brHow To Become A Coin Dealer youtube/Up7HTHkl96w brHow To Sell Your Coin Collection? youtube/deHp7xcW_2U brBuy Coins From Us portsmouthcoinshopcom/ brCoinHelpu Community br coinauctionshelpcom/forum/
Comment from : @CoinHELPu

Absolutely not You have zero obligation to reach back out to them The reason why is because they should have done the due diligence and sent the coin off before even bringing it in
Comment from : @echosmyth2282

My issue from your post is that ANACS or any grading service can be this far off from the proper grade? That is shocking to say the least and the grading service should be liable for losses as well
Comment from : @mikeames1427

To be honest, I would take the profit if I had a coin graded and it turned out to be worth more They should have sent it for grading to be sure We are busy!
Comment from : @andrewskrypnyk1338

Nah, you're fair and caring But, you're not psychic Good vid!
Comment from : @ShakeyJake117

Is that 1932 cleaned? How is there no oxidation?
Comment from : @zfilmmaker

I have some old coins I need help with
Comment from : @JohonSam

I would like to contact you
Comment from : @JohonSam

Would he send your money back to you if it Graded less than you bought it for?
Comment from : @rickybobby1641

Look at it like this if you went the extra mile and did the foot work to get the extra money That money is yours
Comment from : @rickybobby1641

Business is Business!! You are not in this business to break even! Get your money but be fair!
Comment from : @rickybobby1641

Yep If you are honest it is what should be done
Comment from : @joemccabe830

I'll be buying by the briefcasebrNot singly
Comment from : @DEVanderbiltCecil

South Park and Littleton like to rip on the EF to AU differential Nevwr buy collectibqle coins unless your'e a professional Jew
Comment from : @josephbolz4550

I do see the dilemma At what point between being a dollar off or being a thousand dollars off do you call the guy I guess I would err on the side of caution and try to imagine what I would want or expect if the roles were reversed If it was a dollar, and the guy called me back I'ld thank him for his honesty and tell him to forget about it If it was a hundred or a couple of hundred bucks, I would thank him for his honesty and would want a rebate or the coin back if dealer didn't want it at that price Being "extra honest" will pay in the long run when the guy tells all of his buddies how well he was treated, and all of them become customers
Comment from : @mikekazmark9316

Not a gray area to me He relied on your expertise and took your word for what it was worth and trusted that it was accurate If you were wrong, you should tell him Get everyone's phone number
Comment from : @mikekazmark9316

Ill have to bring my collection up sometime Ive got stuff folks probably never seen before Im sure you have seen it all but i do have an awesome collection
Comment from : @bensherman8976

Oh i didn't know your in Portsmouth oh Im in Ashland
Comment from : @bensherman8976

He has no idea you were in Ohio lol I'm in Ohio too Northwest I have a VDB penny and I wanted to try and sell along with a few other coins since you're that close and I know you're very honest
Comment from : @jenniferkline4196

This happens, pretty much the same way, in sports cards too
Comment from : @pdpandion4931

In my opinion Once you agree on a price and shake onit it, its a done deal No if ,ands or buts about it That's life Research is everything!
Comment from : @darbysdownhomedetecting

You are running a business You need to always bid to the downside so long as you know you aren’t KNOWINGLY cheating anyone!
Comment from : @ypofarmstead1189

I got an Ultrabreaks coin Still in the packaging from cointv I paid $28900 I took it to my local coins store, Legacy Coins here in slc utah The lady looked up the value and said it's worth about $8500 Like "WTF"brULTRABREAKS ULTRA 2006 W BURNISHED SILVER EAGLE SP70 20TH ANNIVERSARY
Comment from : @rustywalters80

You put out the money, you take the risk, any unexpected or extraordinary profit is yours
Comment from : @jetman551

I don't buy coins off of EBAY ever
Comment from : @Nancy-y8q1n

I agree with you 💯
Comment from : @onehandyangel6132

Daniel, I have a 1981 P nickel and looks very different from the other nickels I would like to send the picture to you and get your opinion, what email address should I send it? Thanks
Comment from : @mariaesperanzaghahramani653

What are key dates ?
Comment from : @jimmoravec1326

Let the buyer beware As old as a greek silver drachma
Comment from : @johncook8238

Daniel, I appreciate your ability to discuss both sides of the conversation I collect coins because I enjoy the coin's beauty, uniqueness and history I have paid above average value for coins, and I have purchased coins at fabulous deals Most of my research is based on photo grading, and I often find myself questioning graded prices vs ungraded prices The bottom line is if I'm willing to pay any price, it's because I really like the coin, or I see a great deal
Comment from : @elrojo2269

I was going to a coin dealer that would get lots of coins to be graded and if somebody got in on it they would pay the price for the coin that they had graded
Comment from : @stuartmcalpine9468

No, dude, once you have purchased it the coin is yours to keep profit
Comment from : @charispenny7965

What my dealer does is he sends a coin out for me so he can add it to his shipment because the more coins he sends for grading the better of a deal he gets per coin so he just puts my name on it and when it comes back he contacts me and I just pay him back for the grading of that coin its very nice of him to do that for me that way we both save a little money
Comment from : @cweedcoins1640

Hello and Greetings from Down Under 🪃🦘brThanks for your interesting videobrI personally believe once the person, sells that coin to you, that's it,,end of story, if it comes back a high grade, that's all yours, iam sure the seller knows the gamble of the gameanyway that's my personal opinion🤜🏻🤛🏻🕶👍🏻Cheers 🍻
Comment from : @maurogarreffa6719

Your too, how do I say………br HONEST !brMost places I ever dealt with, coins, comics, even a car ?brThose who buy want it cheap !brAll their gonna do is; br Turn it over for their profitbrbrYou buy, save it, but when you sell it, some Greedy,Lazy, Business wants it, just to resell for Profit They’re not Collecting it !
Comment from : @roberthein2156

I think if you the customer does not want to take the risk and send it off how can they expect a reward if it comes out better than expected are you supposed to call them if you lose money? No , than nothing should be expected my opinion its not a rip off its doing business
Comment from : @daviddealba9886

Excellent subject and very well explained Thank you
Comment from : @stephanieroberts1394

I feel whoever is willing to put up the money to take the risk of getting it graded should make the big profit Not as much risk small profit
Comment from : @ziggy814

My Aunt lives there in Portsmouth or close
Comment from : @Robert-i8g

Sir Daniel I have to much old coins paper note world wide coins thanks
Comment from : @VictorJacobo-gz4zd

Well also, the opposite is true, if it comes back lower grade , you gonna call the customer and say "You owe me $100, it came back less" Do not think so High risk, High reward
Comment from : @kennytinker24

That quarter he bought I wouldn't even pay 2 dollars for it
Comment from : @nicholusevans969

These coin places are bs I have so many good coins but really don't trust anyone and I'm always hearing different value price on coins frankly I'm getting tired of the coin world it's all garbage u have to have money and go to auctions
Comment from : @nicholusevans969

For $200 you can buy 7 oz of silver Why would anybody be stupid enough to buy one of these coins when they could just buy silver rounds? People really are dumb
Comment from : @CharlieDontSurf1006

Not really a gray area unless you’re trying to scam someone or they come to you for your professional advice/services and you knowingly lie to them There is a lot of risk with buying items for a project/estimated value or resale Paying a fair price is not cut and dry The value is only what someone is willing to pay for it Buyers at full retail don’t always exist and saying something is worth a specific amount doesn’t mean it will sell Sell through rates do apply So buying something for personal use is different than for business Just because someone says an item is worth a set price doesn’t make it sell at that price, there must be a buyer Not over paying means you stay in business and have inventory at competitive prices and able to make a profit
Comment from : @dawnchristine1344

Can't hear you Pointless
Comment from : @christopherpennington106

Honestly, some people think that coin dealers make their living out of thin air
Comment from : @fxavier45

I think your video is very interesting and you have a great point about getting a coin graded it can make a big difference!! Thank you!!
Comment from : @edhindle9131

Many people have sent the same coin in to different grading services or even in some cases to the same grading services, and gotten different mint state numbers brbrI agree that if you’re worried about it as a seller to a coin shop, you need to get the coin graded first
Comment from : @kitrichardson5573

Simple you have a business and it’s to make money so you can’t feel bad about situations like that if they want let them send it in
Comment from : @LuisPerez-es3di

No, you owe the seller nothing more! You take the risk and pay the fee to grade it It's a gamble You pay way less than the " anticipated" graded value
Comment from : @rocco265

So one of my first coins was a meiji one yen that graded gem that I got for around 10 of its book value in the wild brFor that I went back to the guy who sold it to me and gave him an extra 100 bucks brIt wasn't enough by any means to compensate him but I thought I should do it anywaybrHowever I DEFINITELY agree that a coin bought in the wild might not grade out Grading is subjective and the difference between top pop and nothing good is not that bigbrCase in point I submitted 4 coins to PCGS a few months ago The coin is rare and there aren't many at all but I specifically had been looking for them I had the joint top pop already at MS67 I liked all 4 coins and thought there wasn't that much difference Now PCGS graded one of them as cleaned which I disagree with, the next was MS62 The worst of the bunch in my opinion graded MS63 And the best one graded out as MS68 the single top pop Okay we aren't talking about super expensive coins (Being rare doesn't make it valuable) but I was still shocked as to the differencesbrYou ALWAYS take a risk with grading companies so I don't see why there should be any going back to people usually with the exception of A) if there is just a huge jump in value you can always give a small amount or B) If you completely missed some ultra rare variety in the coin In that situation going back would make some sense morally speaking
Comment from : @thisismonitor4099

Like buying something at a garage sale that turns out to be priceless (or worthless) Do you go back???
Comment from : @fixnkev

no you should call him back u took the risk he could have sent in himself but he didnt
Comment from : @archatek8074

My question is if I would send valuable coin to pcwg it last in the Mail is risk what you think
Comment from : @abukarsateofficialsubscrib6753

10:47 Coin shops are in business to make money, not to collect coins You have to re sell the coin There is no crime in making a profit Businesses would not be in business if they rip off their customers
Comment from : @saramoran3961

When a coin price is agreed upon and the cash is paid, the seller is done with the sale If the coin is graded and comes back as a GEM, the buyer gets the benefit
Comment from : @terrancenorris9992

👍🙏✌️🇺🇲
Comment from : @annette22177

Was told years ago to be a good coin dealer 1st you have to be a good thief ,,and been to hundreds coi n shows,and it's true 😮
Comment from : @shauncorless8965

Whenever I’ve made too much of a profit on a customer, I try to give them a little extra on the next trade (if it’s a regular client)brI’m ok with breaking even on the next trade if I’ve made too much on the previous
Comment from : @shanethrelfall416

you made an offerthey decided to sell Its YOUR property now Its that simple
Comment from : @theshitshow-em3fk

I think you are thinking way too much about this and unnecessarily so We aren't talking about taking advantage of newbies or the uneducated It's a gamble of people who are more informed than most Offering someone a decent deal isn't ripping people off because the inverse is also not going to happen if you over pay ie "This coin turned out less valuable than I thought give me some money back" *customer proceeds to give you money back*
Comment from : @SpankMyMonkey_SpankItGood

You da man 😊
Comment from : @bamsixsevenone4567

I am 64 and have collected coins for many years My humble opinion is that no matter the grade, someone is going to say it's over graded, and some one is going to say it's under graded I like raw coins because I don't need a third party to grade the coin If I buy a coin or sell a coin, I put a grade on it and a price on it and either pay the price or sell it for a price In other words if I don't want it I don't buy it and if someone doesn't want to pay my price I sit on it and waite
Comment from : @chuckswain8299

If its worth more,good on you sir
Comment from : @jimnagelnagel1120

Coin grades differ by grading companiesand i have known that since i was a paperboy "pulling silver" from my pocket in 1965a lot of people did not know the currency changedand i didn't tell themEagles Scout in 1969be easy on yourself Danielyour a good man Enjoy your YouTube content
Comment from : @courtneynicholson122

Much respect
Comment from : @StuffnDeal

you really think this is a gray area?
Comment from : @mikemanz

You’re exactly right I agree with everything you said
Comment from : @johnmcdonald9735

Daniel you tell the truth, i do watch your comments
Comment from : @HasanHanad-q2u

As a coin seller myself I choose honesty and if I know who I got it from and I have a contact information I will pay them the difference especially if it’s significant
Comment from : @TheShmeebitdog

The only reason some go into this line of work is is to sit back and relax I’ll just sell privately but on occasion see what lcs shops have
Comment from : @TheWarped45

Daniel Sir,I want to sell my coin that i have collected I have Lincoln 1 cent penny year of 1975,1989,1991,1997,1967,1985,1872 1992,without mint mark nd 1997,2000 with D mint mark I want to know the value of these coins
Comment from : @raginisinha3691

B S
Comment from : @chuckwolfboyer7830

I have old Indian coins and 786notes
Comment from : @phaiyazpatel9235

It's easy when you buy one grade uuup sell 2 ND grade down was in love with a little blond in second grade😅
Comment from : @dondesnoo1771

Why r u using PCGS prices on NGC graded coins?? NGC has their own price guide site
Comment from : @joseph6507

Coin shop s pretty Much Now What A Coins Well Graded For ! Ms _60 Are What Ever !
Comment from : @Larry-wz5kf

A deal is a deal As a coin store owner you carry all the risk buying raw coins It’s a business
Comment from : @ruebenfielder6828

That's an awfully specific scenario 😀I like your channel though Straight to the point and showing ways to circumvent silly arguments that someone may try to come up with as there is no way in hell that is an MS-60
Comment from : @kingjoe3rd