I Tried to Sell $10,000 in Gold to Coin Shops... SHOCKING Results!

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Title	:	I Tried to Sell $10,000 in Gold to Coin Shops... SHOCKING Results!
Lasting	:	11.28
Date of publication	:
Views	:	1 jt

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Comment from : Silver Seeker

in this town you get 70 percent of spot when you sell
Comment from : joe street

Instead of insulting these guys, learn how to negotiate better It's competitive for a reason Each person is competing for the best price for their own benefit as well as you I'm just saying 🤷
Comment from : Smoove Selling

Wow! This video was extremely informative
Comment from : Leonard Hill

its the same with bentleys buyying there off the chart selling there worth nothing
Comment from : Dg 27

This is why i am not interested in numismatics Even on 'standard' silver bullion coins the premium is high I buy silver to as near spot as i possibly can, sometimes even under! I'm in the UK You can pick up 925 crown coins for as little as £17 if you're patient They weigh 2828 grams, and yield just over 08 troy ounce of pure silver content Troy ounce 999 bullion coins are in some cases, almost double spot @ around £30 - £35 each - - - too much for my blood As for gold at least in my country, gold sovereigns offer the lowest premiums So, when i eventually come to sell, i'm likely to be a lot less disappointed than some other people
Comment from : Blaster 2012

How many coin shops are in your area? How much is the price of gas to drive around? Even getting spot is hard to do One more reason NOT to own gold as an investment So, gold IS a great hobby and for some other things NEVER buy gold unless you have the assets to loose money in gold and silver
Comment from : D R

Gold is not an investment for you, it’s an investment for your grandkids
Comment from : Patrick Grolemund

A jeweler in Schererville, Indiana used to buy gold coins at the spot price he recorded at the beginning of each day I miss that old guy I always knew the price I expected walking in RIP
Comment from : ResinRat2

I watched this back almost a year ago and wonder when the response would be today from dealers
Comment from : Michael Johanson

What was the name of the last shop you called
Comment from : Buffy Graves

It's insaine the prices these shops tried to offer you My local coin shop does spot + $50 for both of those coins , and they sell them for spot + 100
Comment from : ofdime

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money I started investing with $120k and in the first 2 months , my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and gets more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : William Ethan

That’s crazy, they cost about $2000 each right? If so, how is gold a good investment or asset if you loose money
Comment from : James777921

I need that chest Please Even just 1 coin would be alot more than i have or can get
Comment from : John

I could see why this is hard but I’d see no issue in buying Uber 25 and selling over 25 this gives a small margin but you would need volume
Comment from : John

I was once offered 28ct for a gram of silver, back when the Ounce cost around 40$ Vultures
Comment from : Sven

Not shocking at all Retail shops want to make a profit by buying for less than spot Come on!
Comment from : Buster Biloxi

1 million views, we'll done
Comment from : Roy Stroble

buy and sell only through reputable bullion dealers Coin shops are for schmucks
Comment from : Paul Thomson

Very useful info thank you
Comment from : Funfunny

❤ thx
Comment from : TravelGuy

Thank you!
Comment from : I’m here

I understand you don’t want viewers to harass the low ballers, but ya kinda want to hear them get blasted But I understand
Comment from : Eric Rollings

Heck, I need a small shop This is crazy
Comment from : Eric Rollings

Amazing how they all seem to be in a rush to get off the phone
Comment from : greeenmartian

Omg the second one was such a rip off lol
Comment from : Andrew Buchanan

You buy gold you lose money
Comment from : My adventure

Good video thanks
Comment from : Phillip Birton

aaaaand THIS is exactly why having coins for emergency use are a joke You are almost always going to get scalped by the local coin dealers/pawn shops Better to use good ole fashion barter among your community Too much friction to use!
Comment from : M R

Why does the condition of the coin matter? Silver is silver, gold is gold
Comment from : mike hoskin

Unless you are out of options, never accept lowballs for metal The point of the metal is, it's buying power is solid It's only greed or oppressive rents that make shops cut you like that It's always better to shop around anyway and give your business to the honest ones who will do everything they can to maximize your return without loosing money themselves
Comment from : Midnights Ocean

This idea of selling your Gold to a coin shop is somewhat unrealistic in the present financial and economic environment
Comment from : Raymond Arnold

I think pre33 and junk silver is where it’s at right now
Comment from : Iitchovereverything

sounded like tim on shop 5
Comment from : Aaron Knudsen

man id love some 19$ silver rn lol
Comment from : Hava

Sh*t I’ll pay you spot for your coins!
Comment from : J M

So what you’re saying is “GOLD” & “SILVER” is a waste of money AND at best we might get lucky to get spot price for our metals GOT IT!
Comment from : J M

Those who point out that Gold and Silver are bad "Investments" have some good arguments ,But Productivity never happens by chance; it is always the result of careful preparation, dedication, and consistency I thank God for my advisor, Mr Yuval Eric Brokman; with his assistance, I am now financially solid, earning between $10,000 and $25,000 every week
Comment from : Michael Trap

Low offers just means they don't want your business
Comment from : d m

So shops arent allowed to make shit from you Got it
Comment from : GunsNstuff

I bet they offered spot now!
Comment from : shaunsprogress

The prices of Gold and Silver seem like they are controlled
Comment from : Quality Builder 1

Thats why i dont buy precious metals! They want us to always pay way more over spot but wont even give at least spot back Thats a rip off!
Comment from : 𝕮𝖔𝖑𝖔𝖗𝖆𝖉𝖔 𝕻𝖆𝖗𝖐𝖘 𝖂𝖎𝖑𝖉𝖑𝖎𝖋𝖊

My take away I could spend my money Hope it's not a counterfeit Jump through hoops to get my money back, or Just open my wallet and woop there it is
Comment from : Kevin West

I think the 3rd shop owner was Golem, from Lord of the gold shop😊
Comment from : Mark Weishaar

My hometown gun shop offers SPOT PLUS 1$ for Silver Eagles
Comment from : Teri Ells

Ridiculous, these have numismatic value big time
Comment from : Dr Victor Frankenschtein

A state that treats American Gold Eagles as "legal tender" also does not charge sales tax on purchases That can be persuasive about Gold Eagles
Comment from : Thomas Maughan

This is fantastic information to have Thanks, Seeker!
Comment from : Alienated History

The one shop in town tells me they buy for 6 under spot They also said they lose 6 more when selling to the melter Why would a shop buy a gold coin for spot? Where the profit for them?
Comment from : HotDog88GT

If one wanted to buy, versus sell, is it better to buy Eagles or Maple Leaf's and what would be considered a fair price and a good price relative to spot?
Comment from : BriteTap Chicken Waterer

how about selling to APMEX or JM online i wonder about that process
Comment from : Randy W

Very good price
Comment from : OlaHellasnews

I have a retired uncle who had a coin shop He said the usual fair fee over the last 20 years when he bought gold coins from people averaged to $75-$100 over spot for each 1 oz gold coin You might hear that perfect Eagles are slightly more valuable than Maple Leafs however most places that charge a lower fee over spot to buy coin do not differentiate them, whereas a place that charges you more over spot may "give" you the $10-20 more for a gold Eagle because you are paying a higher rate Remember, coin buyers have a business They do not buy or sell for free He said while you can still find gold coin buyers that purchase coins from people close to $100 over spot per 1 oz gold coin, prices have jumped since the pandemic with some places commanding $200 over spot (or more) per 1 oz gold coin In his opinion $125 per ounce is closer to a current fair price to sell On the flip side, the charge over spot if you are buying gold coins is usually about half the rate of selling Places that say they "buy coin for spot" usually have a catch Seller beware No one works for free I hope this information helps
Comment from : D Reicher

There seems to be a great discount when trying to sell gold and silver anything And you pay a premium to buy it, so you get screwed both ways And selling to a shop is Almost useless, because they have overhead and will never give you market price I know more about guns and coins, but the concept is the same
Comment from : jason60chev

To be fair these shops need to make a profit
Comment from : Kirby

Why would the condition of the coin mattergold is sold by weight isn't it?
Comment from : Whiskey Tango

Are you going to give it all to one individual, or many?
Comment from : Keith Barnes

The price of metals is based on the economy When money is devalued so will metals In desperate times, which is the selling point of metals, the ones with all the money don’t need the gold They can buy at stupid prices
Comment from : krakoosh1

I think I’m one of those vindictive people on the internet who would call and harass these shops who are low balling Because it’s annoying me that Seeker is being so nice
Comment from : Mad Matt Digs

Pawn shops aren't going to pay you what It's worth Thats Their business They buy cheap sell High
Comment from : Ghoraxe

One must leave honest reviews of these dishonest dealers, which will swerve traffic away from their operations
Comment from : sj p

Rookie question, but if the shop pays spot or higher, how do they make money?
Comment from : Ziggin Zag

the problem regular people have is that they paid $500 over spot at purchase, so they get it in the rear brboth ways and the gold dealers are the only gougers making money
Comment from : jays crap

Wonder what the price offered would be for 1 oz (non coin rounds)
Comment from : tjames

2 or 3 percent reduction isn’t bad He’s taking a chance that the price is going up He has expenses monthly rent, electric, insurance and this is his salary
Comment from : Anne Knight

watching this bums me out thinking i was getting good value from my coins at 95
Comment from : S M

And this is why i dont understand gold and silver investment There is no legitimate abd regulated trade market And the insurance claim, i dont get that This isnt insurance If its for when things go sideways, ammo, tampons, and tp are a better bartering tool
Comment from : Jimmy Poe

So if a shop is buying it for 1 over spot how do they stay in business?
Comment from : Trout Fitter

I would be a bit suspicious of anyone offering OVER "spot"
Comment from : ray taylor

Don't ever expect to get spot
Comment from : M Aurelius

If you have repeated this several times to the shops offering below spot ever come up to spot? In other words: is it worth checking over several days/months with shops with consistently low prices?
Comment from : Jeremiah Alfrey

Sell them urself, those people you called have to make their money too Your video is biased JUst for views
Comment from : Noah mizrahi

like selling a car
Comment from : Chris Mackay

Metals are one of the worst investments if you want to make any money They are better for storing value
Comment from : Lukas Fanders

VERY INFORMATIVE, THANX
Comment from : KING TUT

I have been ripped off plenty by these people 😂
Comment from : Michael

"local coin shops all across the US" there's an oxymoron in there somewhere
Comment from : zdrux

So when is the random silver chest sweepstakes?? 💥🎉🤩👏👏👏
Comment from : Cutesy Bunny

Shops can’t pay spot prices They’d lose money
Comment from : Confucius

Eye opening
Comment from : DeplorableCB Block

97 is standard these days
Comment from : 2O QP

I’ve never called I just go to the shop and I negotiate and never walk out with spot or lower I’ve also sold gold chains which is felt with in grams instead of ounces and I’ll work out the prices and negotiate the shops premium based of what they’re selling in the shop and try to be as fair as possible If you’re uneducated on pricing coin shops, pawn shops and jewelers will almost always take advantage of you and I can’t blame them it’s business
Comment from : dave0z96

why would a store pay spot ?
Comment from : dogpatch

Great video! I learned something!
Comment from : 888HUSKERS

You mentioned shipping coins how do you do that? I tried to ship some UPS, insuring it for value and when they asked me what was in the package I said, truthfully, a coin collection They refused to ship showed me a flyer that shows things that cannot be shipped and yep no coins can be shipped
Comment from : ServingYOU Kim Hall

2::44 WHY IS THERE A FAKE VOICE MAKER IN THE VIDEO?
Comment from : cliff corbitt

may I ask how the transaction is made? You ship the coins?
Comment from : Vince Silos

"I'll give you $10, but I'm taking a risk here"
Comment from : Too young to be old

Why buy at spot,they have to make money
Comment from : Brian Quinn

Cool video
Comment from : friendly d00d

I called a local shop and they offered between 1975 and 2025 for a Buffallo Spot price as am typing is 204049 Not bad I guess
Comment from : nmarkose

One thing I dont get is what happens if you have changed your 401k to gold and your savings and they decide to do confiscation again??
Comment from : Kurt