I Tried to SELL $10,000 in GOLD at a Coin Show - Dealers Said THIS!

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Title	:	I Tried to SELL $10,000 in GOLD at a Coin Show - Dealers Said THIS!
Lasting	:	10.58
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Views	:	501 rb

Premiums over spot on 70 graded coins sure seems to fall off as spot gets higher
Comment from : @bingo7799

So, you are saying there's no rarity or design that makes these a lot higher than spot?
Comment from : @dougharlow6037

Wait until all of the gold is sold - gone & people can’t get it That day is fast approaching
Comment from : @nadinecarson3259

Finally, the plastic does not mean anything when you sell
Comment from : @Gus-bx8jx

my real problem with gold 1 oz never useable in a shtf situation need bread or milk farmers has no change and snaps haven't been available for yrs i chose junk silver coins small denominations for rich as a percent to tuck 100 oz away for future brsad i could noy buy kilograms when they were a few hundred and i knew a guy who bough gold as soon as legal possably 35 oz just hope he told his son wher he put them before he suddnly passed
Comment from : @remocres

Cash is king$$
Comment from : @nedsackmann2215

So what were they selling the same coins for ?
Comment from : @richardcrossland2383

Incredible, the dealers were all basically the same The differences are clearly insignificant
Comment from : @bill-ne8kr

so how much did you pay for all this? :p
Comment from : @DanZero23

Why does the Mexican gold look different?
Comment from : @rogerbrandt6678

do you have to pay sales tax on gold?
Comment from : @tonyperry3612

Having a coin graded and slabbed is for rare coins Why pay to grade investment gold?
Comment from : @yetanotherjohn

OMG a gold bar featuring a cross wrapped in a flag? Jesus told us to give everything to the poor and depend on Him hahahahah
Comment from : @yetanotherjohn

I tried that, about half what it was worth at jewelry store in HAWAII
Comment from : @davidcastle7212

great info I would be willing to sell at spot
Comment from : @felipetran9130

Good to know about dropping in on a coin show to sell any Gold you may want or need to sell, thank you
Comment from : @marcd1981

I have a two and a half dollar gold coin, only 22,000 were ever minted back in the 1800's, you would think it's worth more than gold value, don't hold your breath
Comment from : @oveidasinclair982

Never pay high premiums above spot
Comment from : @craigsilver2146

Why do you buy them for long-term investment? That's probably a good idea Let's keep holding on to them They have not reached full value, but if we're talking about what are these things worth? In World War 3, this s*** hit his defense scenario Well, in that case, it will cut back down to the real value, which is about 4400 That's what 4 oz of gold is worth How about 4400? And that's considering the nice pretty coin, because it was just bouillon, it would only be worth a little less
Comment from : @javierruiz1710

First you have to have gold or silver sent away to check the purity and weight before anyone will buy it ?
Comment from : @JimRevell-ny4hw

The bigger question is what the spread between buying and selling isbrIn Europe there are gigantic differences, in countries like Italy you will rarely ever find a dealer with less than 10 spread and up to 30 spread are quite common, next door in Austria the spread is less than 2
Comment from : @thomasg627

Greater fool theory
Comment from : @world-uk2vj

Great video I just want to add, you will seldom get spot for gold or silver when you're looking to sell Like any other commodity the buyer is looking to turn a profit and they can't do that if they pay you full price Good luck!
Comment from : @persico9017

3 months later sounds cheap!
Comment from : @terrykrall

Gold coins are terrible investment strategy!
Comment from : @jerryryan5760

thanks coing trade has faded
Comment from : @mdarrenu

What's wrong with spot price
Comment from : @richardcychowski8380

Lol
Comment from : @KeithLee-z2d

You don’t sell gold silver coins to a coin shoppe They have enough Sell it to an individual or company that will sell it off or to jewellers, electronics companies Don’t ever think pure gold silver coins is a hobby it’s worth a lot of money
Comment from : @overthechemtrailsky5930

I see a lot of these scenarios, if your grandpa left you 100 gold Buffalos or eagleslife is good, long term gainsbrToday, if I was buying gold given the risk of scammers selling plated tungsten,brI would buy certificatesbrThou having some nice shinny Buffalos to look at it the other attractionfew get rich with a few coins
Comment from : @prodigy6000

Gold isn't real Only Bitcoin is real
Comment from : @DickRichardsMrs

Here in the houston area they offer BELOW spot, the most you get is 96
Comment from : @js2094

If they ain't paying spot or above you are being scammed
Comment from : @mrwpg

Nice you can get cash for your coins
Comment from : @moresugartradercc2744

I held about 10k worth of $20 gold pieces from about 1990 to 2010, and over that 20 years, the value of my coins hardly changed Rare coins - worst investment ever Coin collecting is all about supply and demand, and coin collecting (like stamp collecting) just isn't what it was a few decades back
Comment from : @platiusmango7075

What it basically proves is that buying graded modern gold coins for more than spot doesn't make much sense
Comment from : @joesmith-es1zy

So ask them if they are selling any MS70’s at the price that they quoted you?
Comment from : @viperbite8930

They are pawn dealers
Comment from : @viperbite8930

This reinforces what someone told me many years ago: as the interest in coin collecting as a hobby fades, so will numismatic premiums Go to a coin show and look at the average age of attendees There are fewer and fewer people around who get the psychological value out of an MS70 coin, and most investors just want the most gold per dollar
Comment from : @jackuzi8252

So the PCGS rating is worth almost nothing especially if you pay to get your raw coin rated
Comment from : @SurfCityBill

told me my 999 silver was worth less than 9999 silver isn't that like 9/10000 difference
Comment from : @Tom-ic7hw

Slabbed coins are more desired and worth more for collectable coins, not generic gold What I have found is a lot of dealers are questionable and will assume you are not informed as they have not seen you before The reason these slabbed coins didn't really get a premium is they are just generic gold The dealers in this video seemed to be fairly legit with their offers
Comment from : @ronnyb9416

So you might as well just buy raw?😊
Comment from : @SWright1978

Be more interesting if you did this with silver
Comment from : @airmanma

But gold prices are 2500 per ounce
Comment from : @gavinchurch6109

Should have bought Bitcoin
Comment from : @dustinhensley7995

I respect the knowledge and understanding required Not sure this is a better investment than real estate or the stock market though I prefer my 2 paid off rental properties that produce monthly cashflow of over $3k/mo and receiving a company match on my 401k and backdoor roth ira's in good solid s&p 500 index funds To each his own though No disrespect
Comment from : @acaptain5118

Buy bullion, NOT anything chincy or especially not Numismatic!!! The premiums on them are often not reciprocated, its just better IMO to buy rounds and bars instead of eagles and country coinsjust my 2 cents
Comment from : @shawnadams1460

I enjoyed your video, but could you please take coins other than Eagles or buffaloes? Why not take some Britania or some Canadians or Austrian or Australians? Not everyone has American coins?
Comment from : @miketerry6036

Youl only get melt value
Comment from : @deliveryguy7402

The coin show scammers all hang together and lowball you if you aren't one of their own
Comment from : @ricparks7441

Ever seen the videos about US gold coins AND SLABS made in China?
Comment from : @Singlesix6

LOL, so much $$$ for a shiny piece of metal
Comment from : @MadMetsFan

Most annoying thing having these YouTube morons walk into your place knowing they won’t take your offer just wasting your time the full time
Comment from : @nuclearthreat545

No disrespect meant, but I'm surprised you're still receiving offers on gold with the advent of bitcoin
Comment from : @SafetySal

It's almost like it's not worth paying to have the coins graded if they are only going to offer so little over spot?
Comment from : @NevadaDesertSkies

A banker with a large coin collection told me that Mexican gold coins were something to be very careful when buying
Comment from : @Hopalong75

Been following gold and silver for decades, i see it only as a commodity, and only worth spot, its the most manipulated investment, they just open and close mines to match demandwhen the crap hits the fan and you need cash for food, you will be lucky to get 25 of spot, dealer will open vault and say, suff on bottom was spot, middle, 50, top 25, tomorrow 10 And silver, it cost $14 to mine, 100 profit is at $28, thats about all it will ever be worth, its used in industry to much to not be stable ( If its so great, why is it being sold right now? companies should be hording it and making their share holders billions, Righ?)
Comment from : @rosjay_2119

The slabbed coin thing is a scam, only working in the US
Comment from : @marcom2248

When rhe economy crashes, labor is the only comotity that has value The price of gold plumets
Comment from : @user-rh4hc4hj1z

How can they pay you face value? They have to make a profit
Comment from : @robertwatson818

I have worked in finance and accounting for my whole life and I cannot understand why anyone would invest in chunk of metal that does nothing Can anyone tell me why?
Comment from : @carstenf279

You keep them in storage??? I would have them at my home in the safe 😱
Comment from : @farab4391

Why do you repeatedly reference the grades on the eagles but totally ignore that the Buffalo is a PR70 with autograph?
Comment from : @KevinFinnerty-c4n

Go ahead pay the 'high-priced premiums' on any said coin in the real world if "do-do" hits the fan 'it's' weight in whatever precious metal it is made out of is what it WILL be worth
Comment from : @JaimeProvencio

So, coin dealers paying X over the spot gold price for MS69 & 70 slabbed coins Essentially discounting any numismatic value That's why you NEVER sell to a dealer unless you're desperate
Comment from : @simul8guy75

Weird bro Weird
Comment from : @jeboccuzzi10

One Hamburger and fries large, take gold yesChange what change?
Comment from : @jetcarddude

So it's a waste of money for grades coins? How much did you pay for the graded coins at time plus state charges sales taxes as well
Comment from : @northstarpatriot8257

How do they pay when you sell one? Cash? Check? Venmo?
Comment from : @Sky1

You shouldn't have to barter to get the going price You don't have to do this with Crypto or Stocks
Comment from : @snowwhite7677

The only gold the government can't take
Comment from : @MrBubbi2000

You were actually offered far more over spot than you thought The mintage itself adds value, but the American eagle only contains 9167 Au Krugerands as well brOne reason Bars are superior for investment brAnd I’m sure none of the dealers mentioned that little industry open secret to you brThe liberdad is the best coin in the bunch 999 Au And a beautiful piece
Comment from : @jrv629

great video why are the coin dealers buying above spot for some of these coins?? Surely, they should be buying at, or slightly below spot and selling slightly above spot?
Comment from : @johnm871

It has been a while but I just used to go to a bank and buy or sell gold coins
Comment from : @mariofretz

So why bother owning "slabbed" gold coins (which come at a premium) if all your being offered is a few percentage points over "spot?" WTF bother????????????????????????
Comment from : @marcob7801

Hey, I'm the biggest cynic you will ever see 1 Gold coins are counterfeit all the time 2 Putting that said coin in an easily copied plastic case is so easy Probably gives support to the phrase, " There's a sucker born every minute "
Comment from : @brucejenner5856

Pam Bondi holy cow she is one incredible Attorney Look out you do not mess with PAM
Comment from : @nigeljones482

Gold is insurance against inflation- Gold should be bought for the long term
Comment from : @Dallas-h9t

Amo i isshhe😂😂😂😂
Comment from : @evilcarlonis

I will purchase United States treasuries anytime before digital coins or metal
Comment from : @JThomas4793

I would say that if you have spare cash buy real-estate
Comment from : @generator6946

Coin dealers usually don't like cameras because we have a tendency of getting shot for our products
Comment from : @HappyTheCapybara

(im not seeing it) THIS 1oz is better than THAT 1oz ?? (MS69 - MS70) a scratch that only a magnifying glass can see ??
Comment from : @markhellman-pn3hn