Coin Dealers Hate These Coin Lots - Junk Coins Coin Shops Don't Want To Buy

One person's junk is another person's treasure! I don't normally do this, but at a coin show last month I found a bronze 1959 medallion commemorating Hawaii as the 50th US state. It was only $10 so I bought it. My dream trip is to someday take my wife to Hawaii. This medallion sits on my desk as a reminder. Some day we'll get there! Thanks Daniel.

As a business owner, it's a capital mistake to refuse to deal with this sort of thing. Those low-dollar sales you might get from the junk box add up. Additionally it creates foot traffic into your business. A lot of the people coming in for the low-dollar stuff may be beginning collectors with limited budgets but over time their tastes (and budgets) may grow and they turn into steady repeat customers...which is the lifeblood of any retail business.

These "junk" coins are perfect for beginner coin collectors who are interested in the design and history of coins but don't want to break the bank to start their lifetime hobby.

I had a coin dealer lecture me on how I should collect coins. I have never returned to their store. Although these coins are not gems or rare and therefore not profitable for a coin shop, this does not mean that someone is not interested in adding them to a personal collection. Everyone collects coins for a different reason.

As much as I love American coinage, I love world coins. I've been putting a collection together from the 1500s through the present. Amazing to see "coins" which were nothing more than a chunk of metal with a crude stamp, to how coins eventually were made in perfect circles. Its fascinating to me. Also the story that they tell about world history. I collect the good, the bad, and the ugly. You need all 3 to paint an accurate picture of world history.

A lot of people buy the Red Book, and assume because a coin is listed and has a value, that a coin dealer will buy it from them to resell. Not being in the coin business, they don't realize that not too many people come in looking to buy a 1946 Jefferson nickel or a 1958-D wheat penny. Even some Barber silver coins are just bought and sold as junk silver, and even some damaged seated coins meet the same fate

In These troubled times collectors need excellent advice and your channel gives it ! Thanks for your videos.

I am a small collector with a small budget.I buy what I enjoy while knowing that I will not get no where what I have spent.I collect for the enjoyment.What ever I get when I eventually sell my collection is what I get monetarily.I'm not in it for big profit.

I just started collecting. I’ve been buying slabbed Lincoln pennies. Trying to get 1950 to 2023. P, D and S. It’s a challenge. I’m just having fun with it.

I love the scratch and dent stuff; it's been a good source for silver at my local coin shop. Finding coins with history associated is a lot of fun. I have scored more unique & interesting coins in the foreign "junk" bin than anywhere else. A few weeks ago I found a 1,200 year old dirham that was in spectacular shape and got a very reasonable price on it. Last year I found a 2 reale struck in Mexico during the reign of Charles & Johanna (1570s or thereabouts). It's unfortunate so many regard this stuff as junk...these coins have crossed oceans on ships, been in the pockets of colonial militiamen...it goes on. This kind of stuff is coin heaven for me.

I dig those eclectic coin collections, just a bit of this and a bit of that. Reminds me of collecting as a kid and think wow I have a treasure.

If you are selling foreign you have to sell in bulk and seed it. That is how I got rid of 4 pounds of foreign I have accumulated to the years. Sold it to a dealer for $4 a pound. They were pre-Euro coins and put as much Asia and Africa. I seed it with a couple of Nazi pfenning that I didn't want. I also sold 3 pounds of mainly British pre-decimal low quality for $6 a pound. This time I seeded it with Queen Elizabeth's father King George. Make it all ready for immediate re-sale for the dealer.

Looks like my collection from when I was a little boy. Thanks so much Daniel.

I enjoy buying these but many coin dealers do not. Coin Dealers Hate These Coin Lots - Junk Coins Coin Shops Don't Want To Buy Buy Coins From Us: portsmouthcoinshop.com/ CoinHelpu Community coinauctionshelp.com/welcome-to-coinhelpu-communit… Coin Value App: coinauctionshelp.com/coincollectingapps/ Mint Error App: errorcoins.coinauctionshelp.com/wordpress/

My local coin shop buys everything. I brought in 2 boxes of gem and junk coins from an estate. Shop paid more than the on-line prices I found. The estate was very pleased.

I like that you brought up the whole thing about learning history by looking up who was on the coin and why. That New Zealand 6d Says "King Emporor" because he's the king of England and emperor of India. In 1947 India gained independence so British & commonwealth coinage removed "ET IND: IMP:" (et Indiae Imperator/and emperor of india) from the legend of the coinage to recognize India's independence. It's that bit of info there that let's you know why some 47-48 coins can can be scarcer because they had to make new obverse dies in England and ship them out to the conmonwealth mints. Some didnt arrive till very late 1948. I love the little history lessons you get on the coins. Makes them so much more interesting.

Put all that junk in a box and send my way! 😂 Thank you very much!

I don't know anybody would Hate that junk. I think it is very interesting and would buy it.

looks like most of the stuff I hated going thru and then the customer gets mad at you,

I asked my LCS before taking my foreign money in and since they said they would take a look, I didn't mind bringing it in... they purchased all of it, and I got a few bucks!