Ep.50 - Russell Augustin on Coin Auction Pricing #numismatics #gold #silver #coincollecting

Ep.50 - Russell Augustin on Coin Auction Pricing #numismatics #gold #silver #coincollecting

In this episode of the Cabbage Coins podcast, host Tony Gryckiewicz welcomes Russell Augustin, a seasoned numismatist, to discuss the fascinating world of coin collecting and pricing. They delve into the recent auction of the Young Dakota collection, analyzing specific coins and their auction prices, while exploring the impact of provenance and market trends on coin values. The conversation highlights the complexities of pricing coins, the significance of grading systems, and the influence of economic factors on the numismatic market. In this conversation, Tony Gryckiewicz and Russell Augustin delve into the intricacies of coin collecting, focusing on market trends, the valuation of coins, and the impact of registry sets and major buyers on prices. They discuss the significance of proof coins, the role of toning in determining value, and the complexities of pricing strategies in numismatics. The dialogue emphasizes the importance of understanding auction records and the dynamics of the collector's market. Chapters 00:00 Introduction to Numismatics and the Guest 02:11 Russell's Journey into Numismatics 03:31 Post Auction Analysis of the Young Dakota Collection 07:13 Understanding Auction Prices and Market Trends 10:19 Examining Specific Coins from the Auction 20:54 The Impact of Provenance on Coin Value 24:45 Macro Trends in Numismatics and Economic Factors 30:02 Market Trends and Coin Valuation 33:06 The Role of Registry Sets in Coin Collecting 35:59 Impact of Major Buyers on Coin Prices 39:06 Understanding Proof Coins and Their Rarity 41:56 The Significance of Toning in Coin Value 44:59 The Complexity of Pricing in Numismatics 48:57 Final Thoughts on Market Dynamics and Collecting View Russell's Pricing Analysis on the Young Dakota Collection: www.cabbagecoins.com/analysis/ Where to find Tony and Cabbage Coins: https://cabbagecoins.com/ Email: tony@cabbagecoins.com IG: @cabbage_coins Where to find Russell and AU Capital Management: https://aucm.com/ Email: russell@aucm.com Thanks for watching! Please like, comment and subscribe!

Ep.49 - Taboo Topics of Coin Collecting! (Part 2) with Ben TheCoinGeek #gold #silver #numismatics

In this conversation, Ben TheCoinGeek and Tony Gryckiewicz delve into the intricacies of the coin collecting market, discussing topics such as the dynamics of coin pricing, the grading process, and the role of auction houses. They explore the concept of gradeflation, the perceived special treatment in grading submissions, and the financial risks faced by dealers. The discussion highlights the need for transparency in the market and the challenges of maintaining consistent grading standards. They also discuss the purpose of coin podcasts and the current trend of chasing stickers over appreciating the coins themselves. The dialogue highlights the complexities of the coin market and the human behaviors that influence it.

Ep.48 - Taboo Topics in Coin Collecting (Part 1) with Ben the CoinGeek & Tony Gryckiewicz #gold

Dive into the hidden and controversial aspects of the numismatic world as Ben the CoinGeek and Tony Gryckiewicz discuss industry secrets, ethical dilemmas, and the true nature of coin collecting. This conversation covers everything from dealer behavior to US Mint policies, offering unique insights for collectors, dealers, and enthusiasts alike. Main Topics: The reality behind dealer relationships and marriage in the industry The influence of telemarketing and TV programs on coin prices Ethical considerations: grading, grading protection, and slabbed coins The US Mint’s secretive practices and preselling strategies The impact of coin “stickers” versus actual coin quality Symbols and historical symbols on coins: controversies and meanings Market inflation, gradeflation, and the true value of coins Auction house fees, treatment of collectibles, and how they shape the market The role of education and entertainment in coin podcasts In this episode: The surprising divorce rate among coin dealers, and how industry lifestyle can strain relationships Why some dealers choose to crack slabs or do questionable grading practices How TV and telemarketing inflate coin prices through “programs” The questionable treatment and ultimate hiding of rare coins by grading companies The US Mint’s exclusive deals and pre-sales, often behind closed doors Why professional conservation and grading costs are justified despite risks The debate on allegorical vs. presidential imagery on US coins The trend of “chasing stickers” versus appreciating the coin itself Insight into dealer margins, pricing strategies and the psychology of collectible sales The importance of training the eye for coin authenticity over relying solely on grading Timestamp Highlights: 00:00 [https://www.youtube.com/watch?v=v6tSrkkfqN8] - Introduction to the hidden world of coin collecting 02:49 [https://www.youtube.com/watch?v=v6tSrkkfqN8&t=169s] - The industry’s taboo topic: coin dealer marriages and relationship dynamics 05:32 [https://www.youtube.com/watch?v=v6tSrkkfqN8&t=332s] - Handling industry waste: behaviors in the industry that make no sense 11:27 [https://www.youtube.com/watch?v=v6tSrkkfqN8&t=687s] - The dark side of TV coin programs and “programmed” prices 16:02 [https://www.youtube.com/watch?v=v6tSrkkfqN8&t=962s] - Slabbing policies and forbidden items—where do we draw the line? 21:46 [https://www.youtube.com/watch?v=v6tSrkkfqN8&t=1306s] - The US Mint’s secretive presell strategies and exclusive sales 29:12 [https://www.youtube.com/watch?v=v6tSrkkfqN8&t=1752s] - Do some dealers get special treatment in grading? 33:36 [https://www.youtube.com/watch?v=v6tSrkkfqN8&t=2016s] - Auction house fees, how they profit, and their influence

Ep.47 - Exploring World Banknotes with Eric Malek #numismatics #worldcurrencies #banknotes #coins

Discover the fascinating world of banknotes with Eric Malek, a seasoned catalog writer and collector specializing in global currency. In this episode, Eric shares insights into world banknote collecting, grading, rare finds, and tips for enthusiasts around the globe. Eric’s journey from coin collecting to world paper money, highlighting how exposure and interest increase expertise. The significance of grading and encapsulation: understanding PMG and EPQ designations, similarities to coin grading, and how rarity affects value. Notable banknotes from Southern Africa, Bermuda, Somalia, Ceylon (Sri Lanka), Suriname, and China, including historical context and collectible appeal. Serialization nuances and serial number significance, including repeater and special prefixes like "onion" in Bermuda notes. Modern banknotes made of polymer, their durability, serial number pairing, and desirability among collectors. The importance of small details in paper money, with emphasis on serial number variations, signatures, and overprints. The concept of specimen notes, their purpose, and their rarity—comparable, in some aspects, to proof coins. Popular global currency shows and auctions: Heritage Auctions, MIF Events in the Netherlands, and major coin and banknote expos worldwide. Tips for new collectors: understanding catalogs like Pick numbers, identifying valuable Chinese notes, and leveraging technology and apps for evaluation. Chapters 00:00 [https://www.youtube.com/watch?v=XHRYDME3R4A] Introduction to World Banknotes 04:35 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=275s] The Journey into Banknote Collecting 08:36 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=516s] Understanding Banknote Grading 12:32 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=752s] Exploring Southern African Banknotes 16:38 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=998s] The Beauty of Somali Banknotes 20:31 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=1231s] Ceylon: A Historical Perspective 24:30 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=1470s] The Significance of Pick Numbers 28:24 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=1704s] Bermuda Notes and Their Variations 35:52 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=2152s] The Significance of Unique Currency Designs 40:32 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=2432s] Gut Health and Its Surprising Connection to Currency 41:06 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=2466s] Exploring South Korean Currency 44:05 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=2645s] The Allure of Suriname's Unique Notes 47:59 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=2879s] Understanding Specimen Notes 53:02 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=3182s] Navigating the World of Chinese Currency 57:32 [https://www.youtube.com/watch?v=XHRYDME3R4A&t=3452s] Tips for Collecting World Currency Where to find Tony and Cabbage Coins: https://cabbagecoins.com/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbUgtQVZsempwS2puV093TlZfM0psYU5IMGxtd3xBQ3Jtc0trcS1Lak1sNnI1eUhTUWx3RVBucWpoUkstOEluazQ4dmhQb2ZkRWNmZzVGaTdBM2pseGNQS0RUQ3hYNmd1ZTc5TVJzN0RTQkxmU2lQRmtjdnVVMHBzWGFNSVMzQmM4X3pITThMVHlqc0lwSmQyd0Ftcw&q=https%3A%2F%2Fcabbagecoins.com%2F&v=XHRYDME3R4A] Email: tony@cabbagecoins.com IG: @cabbage_coins How to contact Eric: mlb104635@gmail.com Intro/Outro Music - "Obverse Fields" by Timothy Gryckiewicz Check out our new collector services page: https://cabbagecoins.com/collectorser... [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbFdiX29UdG4wNlI3X3dLR1U1bS1LRWFjQTg4d3xBQ3Jtc0trSkFDemRtN25QTlBQdlRTOEVXY0JxNTEwYlF1aUpwa0I3T0k0bk80Ty1uWjVaRnN2ZUstcEZ2dnRmeHVDRTFRYU0zeVd0ZG9LeGNwcWkxVUdDS0ZsT0ltLUhrQnFIUGxPYmtWMWJwbllTUFIteWNCcw&q=https%3A%2F%2Fcabbagecoins.com%2Fcollectorservices%2F&v=XHRYDME3R4A] Also check out Manrong Collectibles LLC for amazing world banknotes: hellomanrong.com Please subscribe and like and comment

Ep.46 - What's Going on at the Coin Show with Greg Allen #numismatics #rarecoins #coincollecting

In this episode, Greg Allen, a seasoned coin dealer and former attorney, shares insider insights on navigating coin shows, dealer strategies, and the nuances of the numismatic market. Discover how to optimize your experience, understand dealer behaviors, and learn the secrets behind successful coin trading. Chapters 00:00 Introduction to Cabbage Coins Podcast 01:10 Greg Allen's Journey into Coin Collecting 02:56 Understanding Coin Shows and Dealer Strategies 04:56 Types of Coin Shows and Their Purposes 09:11 Different Types of Dealers at Coin Shows 13:06 Retail vs. Wholesale Transactions 18:55 Building Relationships in the Coin Market 24:39 The Dynamics of Coin Grading and Upgrading 26:02 Diverse Dealer Specializations at Coin Shows 28:04 Strategies for Selling Coins Effectively 28:53 Understanding the Concept of Splitting in Coin Deals 30:29 Types of Buyers in the Coin Market 34:29 Pre-Show Activities and Dealer Strategies 36:45 Setup Day: The Calm Before the Show 38:49 The Importance of Staying Until the End of the Show 41:29 The Auction Landscape: Changes and Adaptations 50:06 Public Show Hours and Security Measures 50:32 The Importance of Dinners in Coin Collecting 51:52 Formal Dinners and Networking Opportunities 52:12 Understanding Dealer Dynamics at Shows 55:01 The Economics of Show Pricing and Bargains https://www.pngdealers.org/ https://www.money.org/ https://www.gacc.show/ Where to find Tony and Cabbage Coins: https://cabbagecoins.com/ Email: tony@cabbagecoins.com IG: @cabbage_coins How to contact Greg Allen: Email: gregallencoins@aol.com https://cabbagecoins.com/collectorservices/ Intro/Outro Music - "Obverse Fields" by Timothy Gryckiewicz