TO
TO HAPPEN. >> Host: SO WE'RE GOING
INTO ANOTHER ONE.
THIS IS IMPRESSIVE.
>> Guest: TRANSITION,
RIGHT?
RIGHT?
RIGHT? >>
RIGHT? >> Host: WE'LL TELL YOU
EXACTLY WHAT YOU'RE
GETTING BUT $149.95,
THREE FLEXPAY PAYMENTS.
YOU GET THE 1963
FRANKLIN AND '64
KENNEDY COINS.
KENNEDY COINS. THESE ARE PF67.
>> Guest: I LIKE THE
PF70s.
PF70s.
PF70s. I
PF70s. I COULD DO A PF70 SET OF
THESE.
THESE.
THESE. IT
THESE. IT WOULD BE ABOUT, WHAT,
$4,000?
$4,000?
$4,000? SOMETHING LIKE THAT?
$5,000?
$5,000?
$5,000? UNDERSTAND --
UNDERSTAND -- >> Host: SLIGHT
DIFFERENCE.
DIFFERENCE. >> Guest: RIGHT.
THE YOU UNITED STATES
GOVERNMENT WHEN THEY
FIRST STARTED MAKING
COINS, THE WHOLE COIN
CERTIFICATION THING
CERTIFICATION THING DIDN'T EXIST.
DIDN'T EXIST. AS A MATTER OF FACT,
MODERN ISSUE CERTIFIED
COINS DIDN'T EXIST UNTIL
1999.
1999.
1999. I
1999. I WAS THE FIRST PERSON
IN THE UNITED STATES TO
SELL THEM.
SELL THEM. I BASICALLY STARTED
MODERN COIN
MODERN COIN CERTIFICATION IN 1998,
1999.
1999.
1999. AND
1999. AND I WAS ABSOLUTELY THE
FIRST PERSON TO PRESENT
THEM ANYPLACE ON
TELEVISION AND THAT'S
BEEN OVER 20 YEARS AGO
NOW.
NOW.
NOW. SO
NOW. SO THE UNITED STATES
GOVERNMENT DIDN'T TAKE
SPECIAL CARE THAT THEY
OFTEN DO THAT ALLOWS US
TO GET MS69 AND 70.
THAT'S WHY THESE PRIOR
YEAR COINS -- LIKE THE
MORGAN SILVER DOLLAR.
THEY MADE A BILLION
MORGAN SILVER DOLLARS.
YOU KNOW HOW MANY MINT
STATE MORGANS THERE ARE?
ZERO.
ZERO.
ZERO. >>
ZERO. >> Host: ANY KIND OF A
SCRATCH ANYTHING ON IT
AT ALL.
AT ALL.
AT ALL. >> Guest: EVEN IF IT'S
NOT STRUCK FULLY.
MS69 MORGAN SILVER
DOLLARS THERE'S TWO
DOZEN.
DOZEN.
DOZEN. MINT STATE 68s ARE TENS
OF THOUSANDS OF DOLLARS
FOR ANY YEAR.
SO OLDER COINS IT'S VERY
DIFFICULT.
DIFFICULT. >> Host: I WOULD THINK
SO.
SO.
SO. >>
SO. >> Guest: AND THIS IS A
PERFECT EXAMPLE OF THAT.
SO THEY MAKE THE
FRANKLIN HALF DOLLAR
THEY STARTED IN 1948 IS
WHEN THEY START THE
FRANKLIN HALF DOLLAR.
AND WERE IT NOT FOR THE
TRAGIC ASSASSINATION OF
JOHN F. KENNEDY NOVEMBER
22, 1963, IN THIS
COUNTRY WE WOULD STILL
BE SPENDING FRANKLIN
HALF DOLLAR BUT AS THIS
NATION RUSHED TO
MEMORIALIZE ONE OF THE
GREAT AMERICANS, THEY
MADE THE KENNEDY HALF
DOLLAR STARTING IN 1964.
IT IS THE ONLY YEAR THAT
IT WAS MADE IN 90% SOLID
SILVER JUST LIKE THE
KENNEDY WAS -- OR THE
FRANKLIN WAS FOR ITS
ENTIRE RUN.
ENTIRE RUN. FIRST YEAR OF ISSUE OF
THE KENNEDY, LAST YEAR
OF ISSUE OF THE
FRANKLIN.
FRANKLIN.
FRANKLIN. THIS IS LONG BEFORE THE
GOVERNMENT SPENT THESE
-- THESE COINS CAME --
THE PACKAGING THEY CAME
IN WAS LIKE PLASTIC.
LIKE A PLASTIC WRAP IN A
CARDBOARD ENVELOPE.
CARDBOARD ENVELOPE. >> Host: THAT'S
HEARTBREAKING.
HEARTBREAKING. >> Guest: BECAUSE OF
THAT, HIGH GRADES ON
THIS -- SO PROOF 67s ARE
PHENOMINALLY HIGH GRADE.
YOU START GETTING TO
PROOF 68 AND 69 AND 70s,
I MEAN, ALMOST
IMPOSSIBLE TO BE ABLE TO
FIND THOSE OUT THERE.
THE HIGHEST POSSIBLE
AFFORDABLE GRADE.
AFFORDABLE GRADE. AND THAT'S WHAT WE'VE
DONE HERE.
DONE HERE. I HAVE DONE THE HIGHEST
POSSIBLE AFFORDABLE
POSSIBLE AFFORDABLE GRADE IN PROOF 67.
AND UNDERSTAND PROOF.
SO PEOPLE ALWAYS ASK ME,
PROOF AS OPPOSED TO
WHAT?
WHAT?
WHAT? DOES PROOF NOT JUST MEAN
A REALLY NICE COIN?
PROOF IS AN ENTIRELY
DIFFERENT COIN.
DIFFERENT COIN. PROOF IS A PRESENTATION
COIN. STRUCK ONE TIME
SHOT OUT OF A COIN CAN
INTO A BAG RELEASED INTO
CIRCULATION.
CIRCULATION. A PROOF COIN IS A
PRESENTATION COIN MADE
BY THE UNITED STATES
MINT.
MINT.
MINT. IT
MINT. IT IS STRUCK MULTIPLE
TIMES UNDER HIGHER
PRESSURES TO GIVE IT
THIS MIRROR FINISH THAT
YOU SEE RIGHT HERE.
IT'S LIKE AN ARTIST
PROOF THAT THEY DO IN
TERMS OF ART OR ANYTHING
ELSE.
ELSE.
ELSE. >>
ELSE. >> Host: THE RELIEF
LOOKS HIGHER, MORE
DIMENSIONAL.
DIMENSIONAL. >> Guest: AND EVEN
THOUGH IT'S NOT, IT IS
BECAUSE OF THE MIRROR
DESIGN.
DESIGN.
DESIGN. >> Host: OH, OKAY.
>> Guest: IT'S AN
OPTICAL ILLUSION.
OPTICAL ILLUSION. THEY DID IT THAT WAY ON
PURPOSE.
PURPOSE.
PURPOSE. IT LOOKS LIKE IT JUMPS
OFF THE COIN.
IT'S THE SAME RELIEF
THEY HAVE IN A REGULAR
COIN BUT BECAUSE OF THE
WAY IT'S DESIGNED,
BECAUSE OF THE PROOF
PRESENTATION, IT LOOKS
LIKE IT'S MORE SPECIAL
BECAUSE IT IS.
NOW, WE TAKE THAT AND
REMEMBER, PEOPLE ALWAYS
ASK ME, WHAT SHOULD I DO
WITH COINS?
WITH COINS? BUY COINS THAT YOU LIKE.
BUY COINS THAT EXCITE
YOU.
YOU.
YOU. AND
YOU. AND BUY THEM IN THE
HIGHEST POSSIBLE GRADE
YOU CAN AFFORD.
SO, YOU KNOW, FOR SOME
OF OUR BETTER CUSTOMERS,
YOU KNOW, 70 HAVE A
HIGHER COIN BUDGET, I
GET THE 70 PAIRS FOR A
COUPLE, $3,000, $4,000,
$5,000 AND THEY CAN DO
THAT.
THAT.
THAT. BUT
THAT. BUT THIS IS INCREDIBLY
APPROACHABLE.
APPROACHABLE. YOU HAVE TO UNDERSTAND,
THESE COINS ARE --
THERE'S ALMOST AN OUNCE
OF SILVER IN THOSE
COINS.
COINS.
COINS. SO
COINS. SO THERE'S A FANTASTIC
INTRINSIC VALUE.
INTRINSIC VALUE. UNDERSTAND CERTIFY A
COIN, YOU KNOW HOW MUCH
IT COSTS TO CERTIFY A
COIN?
COIN?
COIN? LET'S SAY YOU WANT TO
CERTIFY IT FROM NGC
THEIR TWO-WEEK SERVICE.
YOU HAVE TO BUY THE
COIN, SEND IT INSURED TO
THEM ABOUT $24.
OKAY?
OKAY?
OKAY? IF
OKAY? IF YOU ARE GOING TO END
IT IN.
IT IN.
IT IN. THEY ARE GOING TO OPEN
IT UP AND CHARGE YOU A
$12 HANDLING FEE.
THEY ARE THEN GOING TO
CHARGE YOU $18 TO -- I'M
SORRY, $22 FOR NGC TO
CERTIFY THE COIN AND
THEN $24 TO SEND IT BACK
TO YOU.
TO YOU.
TO YOU. SO NOW YOU HAVE 48, 58,
68, THEN YOU HAVE TO BUY
THE COIN, OKAY?
THEN YOU HAVE TO BUY THE
COIN JUSTFOR THE
CERTIFICATION PART.
CERTIFICATION PART. AND THEN YOU'RE ALMOST
ASSUREDLY GOING TO GET
PF63, 64 OR 65.
YOU COULD SEND IN
HUNDREDS OF COINS BEFORE
YOU CAN GET PROOF 67s ON
EACH ONE OF THESE COINS.
THE VERY LAST -- THE
LAST YEAR OF THE
FRANKLIN, FIRST YEAR OF
THE KENNEDY THAT YOU'RE
GOING TO HAVE RIGHT OVER
HERE.
HERE.
HERE. SO
HERE. SO YOU HAVE THAT
TRANSITION SET THAT
YOU'RE GOING TO HAVE
THAT JUST HAPPENS --
LIKE IT'S NEVER HAPPENED
IN THE ROOSEVELT DIME IN
MY LIFETIME.
MY LIFETIME. FOR INSTANCE, THEY HAVE
CHANGED THE DESIGN OF
THE JEFFERSON NICKEL BUT
IT'S STILL THE JEFFERSON
NICKEL.
NICKEL.
NICKEL. THEY HAVE CHANGED THE
DEEP SIGN OF THE LINCOLN
CENT BUT IT'S STILL THE
LINCOLN CENT.
LINCOLN CENT. THEY HAVE CHANGED THE
REVERSE OF THE
WASHINGTON QUARTER BUT
IT'S STILL THE
WASHINGTON QUARTER.
WASHINGTON QUARTER. >> Host: YES.
>> Guest: OKAY?
SO TO CHANGE ACTUALLY
THE OBVERSE OF THE COIN,
JUST REALLY DOESN'T
HAPPEN IF YOU CHANGE THE
PRINCIPAL WHO IS ON THE
COIN, UM, WHO IS BEING
COMMEMORATED ON THE
COIN, ALSO HUGE DEAL.
>> Host: "TODAY'S
SPECIAL" VALUE GOING
FORWARD WHEN YOU'RE
TALKING ABOUT CHANGING
SOMETHING, WE'LL DISCUSS
THAT MORE IN THE NEXT
HOUR, BUT HERE -- I
THINK WE HAVE 200
SOMETHING LIKE THAT?
A LITTLE OVER 200 ONLY
FOR THE ENTIRE COUNTRY,
$149.95 AND THAT'S FOR
BOTH.
BOTH.
BOTH. SO
BOTH. SO AGAIN, YOU'RE LOOKING
AT $70 A COIN, RIGHT?
AND THE OPPORTUNITY TO
ENJOY ONCE MORE YOUR
THREE FLEXPAY PAYMENTS.
>> YEAH.
>> YEAH.
>> YEAH. I HAVE A NATIONALLY
ADVERTISED CATALOG, 63
UNCERTIFIED, UNGRADED,
UNCERTIFIED, UNGRADED, $68 A COIN.
>> Host: THERE'S YOUR