IF
IF YOU
IF YOU ARE CHANNEL SURFING, HAPPY LABOR DAY
WEEKEND.
WEEKEND.
WEEKEND. OF COURSE THE KING OF
COINS, MIKE MEZACK.
I PROMISE, JUST INVEST A
FEW MINUTES, YOU'RE
GOING TO LEARN
SOMETHING.
SOMETHING. YOU'RE KIND OF FAMOUS
FOR DOING THESE.
FROM SUZANNE, EVERYBODY
WHO WORKS WITH MIKE, THE
PROOF SETS?
PROOF SETS? THEN WHEN I SAY THAT
PRICE, I WAS LIKE, WHAT
ARE WE DOING?
WHAT IS HE THINKING?
WHAT ARE YOU THINKING,
MIKE MEZACK?
MIKE MEZACK? >> Guest: THIS THING IS
ALL BASED ON PALLADIUM.
GOING WHAT THE HECK ARE
YOU TALKING ABOUT.
THIS PALLADIUM IS GOING
TO BE SELLING BETWEEN
100, AND $200 MILLION.
SO DEALERS NEED TO COME
UP WITH SOMEWHERE AROUND
100, TO $200 MILLION.
TO DO THAT, GENERALLY
SPEAKING COIN MAKERS
TEND TO DO THAT BY
SELLING INVENTORY.
SELLING INVENTORY. WHAT WE DID.
WE'RE ALSO GOING TO BE
ABLE TO, OKAY, WE'LL BUY
THAT YOUR INVENTORY AS
WELL.
WELL.
WELL. I
WELL. I PASSED THAT ONTO YOU.
I TALK TO PEOPLE ALL THE
TIME, YOU GET TO BUY
LIKE A COIN DEALER.
IT'S LIKE YOU HAVE A
TABLE AT A COIN SHOW
WHEN YOU GET TO DO THIS.
THE UNITED STATES
GOVERNMENT HAS BEEN
MAKING PROOF COIN SETS
SINCE 1936.
SINCE 1936. IT IS THE MOST POPULAR
ISSUED PROOF SET PUT OUT
BY THE UNITED STATES
GOVERNMENT EVERY YEAR.
THEY SELL HUNDREDS OF
MILLIONS OF THESE SETS
ALL THE TIME.
IT IS EAGERLY
ANTICIPATED.
ANTICIPATED. IT'S HEAVILY SUBSCRIBED.
THEY'RE MADE FOR
COLLECTORS.
COLLECTORS. NONE OF THESE COINS HAVE
EVER BEEN RELEASED INTO
CIRCULATION.
CIRCULATION. NONE OF THEM.
INTENDED FOR COLLECTORS
AND ONLY AVAILABLE IN
THESE SETS.
THESE SETS. AND ONLY AVAILABLE IN
THESE SETS.
THESE SETS. YOU SEE THESE PACKAGED
BY THE U.S. MINT.
FOR INSTANCE, IF YOU'RE
COLLECTING THE KENNEDY
HALF DOLLAR, AND YOU
WANT TO COLLECT ALL THE
KENNEDY HALF DOLLARS.
IT'S THE ONLY PLACE TO
GET THEM.
GET THEM.
GET THEM. >> Host: THE ONLY WAY.
>> Guest: IF YOU WANT A
1995, KENNEDY HALF
DOLLAR S MINT PROOF, THE
ONLY WAY TO DO IT IS TO
TAKE THIS SET, SMASH IT
OPEN WITH A HAMMER, AND
TAKE THAT COIN OUT OF
IT.
IT.
IT. WHICH
IT. WHICH IS WHAT PEOPLE
WOULD DO ALL THE TIME.
IT'S WHAT PEOPLE DO ALL
THE TIME.
THE TIME.
THE TIME. THAT'S WHY PEOPLE ALWAYS
SAY, YOU PRICED THESE
INDIVIDUALLY, WHO BUYS
THEM INDIVIDUALLY?
THEM INDIVIDUALLY? ALMOST EVERYBODY.
ALMOST EVERYBODY. MOST OF THE COINS ARE
PRICED INDIVIDUALLY, AND
SOLD INDIVIDUALLY.
SOLD INDIVIDUALLY. FARMAR ARE SOLD
INDIVIDUALLY, THAN ARE
SOLD IN PROOF SETS.
WHEN THE BRAND NEW SET
JUST CAME OUT, WE BOUGHT
10,000 SETS, AND WE
SMASHED OCCUPY EVERY ONE
OF THEM, BECAUSE I
NEEDED THE KENNEDY HALF
DOLLARS.
DOLLARS.
DOLLARS. I NEEDED THE DIMES, I
NEEDED THE QUARTERS.
WE BOUGHT 10,000 SETS,
AND WE DESTROYED EVERY
SINGLE SOLITARY SET.
WHAT I HAVE HERE IS A
COLLECTION OF ORIGINAL
GOVERNMENT PACKAGING.
GOVERNMENT PACKAGING. NOW 50 YEARS OF PROOF
SETS.
SETS.
SETS. AT
SETS. AT THIS PRICE, WE ARE
LESS THAN $20 PER SET.
LESS THAN $20 PER SET,
AND ABOUT $3 A COIN.
>> Host: OH, MY WORD.
>> Guest: SO I WANT TO
DO ONE THING RIGHT HERE.
AND I'VE GOT TO GET MY
LITTLE THING HERE.
IF YOU WOULD HELP ME OUT
HERE, SHANNON.
HERE, SHANNON. IF YOU COULD, I'M GOING
TO GO OVER HERE.
TAKE THOSE FOUR LENSES,
AND JUST HOLD THEM ALL
IN YOUR HAND, OKAY, IF
YOU CAN DO THAT.
SO THIS IS THE 2019
PROOF SET THAT SHE HAS
RIGHT HERE.
RIGHT HERE. SO YOU'RE PAYING $20 FOR
THAT.
THAT.
THAT. COIN BY COIN, $14.50 A
PIECE.
PIECE.
PIECE. A
PIECE. A PIECE.
A PIECE.
A PIECE. SO THAT'S LIKE $60.
NOW THOSE ARE $7.95 A
PIECE TIMES SIX.
THAT'S ANOTHER $56.
8 TIMES 6, IS THE $48.
WE'RE $100 FOR THOSE TWO
LENSES.
LENSES.
LENSES. THESE GUYS ARE $8.95 A
PIECE.
PIECE.
PIECE. THAT'S ANOTHER 130.
IF YOU LOOK AT THESE
COINS INDIVIDUALLY, BY
THE TIME YOU PUT ALL
THAT TOGETHER, YOU'RE
ALMOST $200.
ALMOST $200. YOU'RE ALMOST $200 COIN
BY COIN, YOU'RE PAYING
$20.
$20.
$20. IT'S
$20. IT'S A TENTH.
THIS IS THE SET RIGHT
HERE.
HERE.
HERE. THAT'S LIKE $200.
PEOPLE ARE GOING, OKAY,
YOU PICK OUT A SPECIAL
SET.
SET.
SET. WELL, WE'LL JUST GO ONE
SET BACK.
SET BACK.
SET BACK. HERE'S THE 2008.
COIN BY COIN, BECAUSE I
HAVE TO HAVE A
SPREADSHEET.
SPREADSHEET. SO THE 2008 SET.
SO THE HALF DOLLAR IN
THERE, THIS COIN IS
$44.50.
$44.50.
$44.50. THAT COIN IS $20.
ALL RIGHT?
ALL RIGHT? THE PENNY IN THAT IS
$17.50.
$17.50.
$17.50. NICKELS AND DIMES ARE $5
A PIECE.
A PIECE.
A PIECE. SO YOU'RE $100 FOR THAT
LENS.
LENS.
LENS. $100 FOR THAT LENS.
THOSE RIGHT THERE, $7.95
A PIECE.
A PIECE.
A PIECE. IT'S $132.
IT'S $132. LET'S GO TO THE LAST
ONE.
ONE.
ONE. THE
ONE. THE QUARTERS IN THAT
COLLECTION RIGHT THERE.
THE QUARTERS, $28.50.
$19.50.
$19.50.
$19.50. $19.50.
$19.50.
$19.50. AND $19.50.
AND $19.50. THAT'S ANOTHER $100.
YOU PAY 40.
THAT'S WHAT I'M TALKING
ABOUT WHEN YOU LOOK AT
THIS COLLECTION.
THIS COLLECTION. THOSE ARE THE LAST TWO
YEARS.
YEARS.
YEARS. REMEMBER, WE GO INTO THE
LAST FIVE YEARS, THOSE
ARE THE LAST SILVER
SETS.
SETS.
SETS. THESE ARE FRANKLIN HALF
DOLLARS.
DOLLARS.
DOLLARS. THESE ARE PROOF COINS.
THESE ARE ALL 97%
SILVER.
SILVER.
SILVER. DIMES, QUARTERS, AND
HALF DOLLARS HAD
DOLLARS THAT YOU SEE
RIGHT THERE.
RIGHT THERE. SO ON A COIN BY COIN
BASIS, $60.
BASIS, $60. $73, $58.50, $58.50, AND
$58.50.
$58.50.
$58.50. THE QUARTERS IN HERE.
$31.25.
$31.25.
$31.25. $29.50, $29.50, $29.50.
AND THE DIMES, BECAUSE
THEY'RE SILVER.
THEY'RE SILVER. $19.75,$19.75, $19.75,
$19.75,$19.75, $19.75, AND $19.75.
AND $19.75. $125 A SET COIN BY COIN.
SO THE FIRST FIVE YEARS,
AND THE LAST TWO YEARS
IS OVER $179.
THE MIDDLE 43 SETS WHICH
HAVE TREMENDOUSLY
HAVE TREMENDOUSLY VALUABLE COINS ARE
INCLUDED.
INCLUDED.
INCLUDED. WE GIVE YOU THE ORIGINAL
GOVERNMENT PACKAGING.
GOVERNMENT PACKAGING. THAT CAN BE JUST AS
HARD.
HARD.
HARD. I
HARD. I WANT YOU TO HOLD THIS.
THAT'S A 1968 PROOF.
THAT'S CARDBOARD.
THAT'S CARDBOARD. LET ME EXPLAIN TO YOU
HOW DIFFICULT IT IS FOR
US TO FIND A PIECE OF 50-
YEAR-OLD CARDBOARD.
YEAR-OLD CARDBOARD. 60-YEAR-OLD CARDBOARD
60-YEAR-OLD CARDBOARD THAT IS GOING TO BE THAT
CONDITION.
CONDITION. >> Host: I KNOW, IT'S
INSANE.
INSANE.
INSANE. I
INSANE. I WAS BORN IN 1966, AND
THIS CARDBOARD LOOKS
BETTER THAN I DO.
>> Guest: I DON'T KNOW
ABOUT 15 THAT.
>> Host: TRUST ME.
>> Guest: YOU WANT A
SLEET SET OF STATE
QUARTERS IN PROOF
CONDITION, INCLUDED IN
HERE, IT'S SPECTACULAR.
THE HALF DOLLARS, COIN
BY COIN, JUST THE
KENNEDY HALF DOLLARS
COIN BY COIN ARE $1,000.
SO IF YOU'RE A KENNEDY
HALF DOLLAR COLLECTOR,
NOW THAT'S THE
KENNEDY'S.
KENNEDY'S. NOW ADD IN THE
FRANKLINS, ABOUT $1,200
FOR THE HALF DOLLARS IN
THIS COLLECTION.
THIS COLLECTION. WE'RE 997.
WE'RE 997. WITH WHEN I SAY BUY LIKE
A COIN DEALER, HERE'S
THE PROBLEM.
THE PROBLEM. WE'RE GOING TO BE HERE A
FEW MORE MINUTES.
I UNDERSTAND, IT'S A LOT
OF STUFF.
OF STUFF.
OF STUFF. IT'S 50 YEARS OF COINS.
THERE'S ABOUT 75 LENSES
IN HERE, BECAUSE, YOU
KNOW FROM 1999 ON,
THEY'RE ALL MULTIPLE
LENSES.
LENSES.
LENSES. YOU HAVE ALL OF THAT.
BUT YOU HAVE TO
UNDERSTAND, DON'T WAIT
TOO LONG.
TOO LONG.
TOO LONG. >> Host: I'M JUST GOING
TO FOREWARN YOU RIGHT
NOW, EVEN IF YOU DO SEE
A QUANTITY LEFT COUNTER
APPEARING ON YOUR
SCREEN, REMEMBER THOSE
DO NOT TAKE INTO
CONSIDERATION THE MANNER
PEOPLE ARE SHOPPING.
EVEN WHEN YOU SEE A
QUANTITY LEFT, THAT'S
NOT ALWAYS ENTIRELY
ACCURATE.
ACCURATE.
ACCURATE. BY THE SHEER MATH, WE
CAN'T SUBTRACT OUT THE
NUMBER OF PEOPLE JOINING
US.
US.
US. >>
US. >> Guest: I'M UNDER 100
SETS REMAINING.
SETS REMAINING. NOW DOLLARS, COIN BY
COIN, I ADDED, WE ARE
WELL OVER $3,000.
SO NOW, UNDERSTAND,
THAT'S COIN BY COIN,
GETTING THEM IN THE
ORIGINAL GOVERNMENT
ORIGINAL GOVERNMENT PACKAGING IS EVEN MORE
DESIRABLE.
DESIRABLE. I THINK I HAVE ENOUGH
TIME, SIX MINUTES HERE.
>> Host: BY THE WAY,
AARON, IS THAT VIP
FINANCING THING TRUE?
>> Guest: WHAT?
WE'VE NEVER DONE THIS ON
VIP FINANCING.
VIP FINANCING. >> Host: HOW MUCH IS
THAT?
THAT?
THAT? >>
THAT? >> Guest: LESS THAN
$100.
$100.
$100. >>
$100. >> Host: $81?
>> Guest: THIS YEAR'S
GOVERNMENT PROOF SET IS
ACTUALLY $4,500.
ACTUALLY $4,500. THIS IS THE WAY THE
GOVERNMENT USED TO DO
IT.
IT.
IT. THEY
IT. THEY USED TO TYPE YOUR
NAME IN HERE AND SEND IN
WITH A STAMP.
I CUT THIS OPEN.
I WANT TO SHOW YOU WHAT
A PROOF COIN LOOKS LIKE,
EVEN AFTER 50 YEARS.
THAT'S WHAT EVERY COIN
IN EVERY ONE OF THESE
SETS IS GOING TO LOOK
LIKE.
LIKE.
LIKE. THAT IS WHY THAT COIN IS
$65 IN SOLID SILVER.
AND EVERY SINGLE
SOLITAIRE ONE OF THE
COINS.
COINS.
COINS. PART OF THE PROBLEM THAT
WE HAVE, AND I'M PUTTING
THIS BACK UP HERE, PART
OF THE PROBLEM THAT WE
HAVE IS THIS, IS VERY
MUCH THAT THE GOVERNMENT
DIDN'T TAKE.
DIDN'T TAKE. SO THIS IS A SLIP THAT
COMES IN THIS.
I WANT TO REAL THIS REAL
QUICK.
QUICK.
QUICK. IT
QUICK. IT SAYS RIGHT HERE, YOUR
U.S. PROOF COINS HAVE
BEEN CAREFULLY INSPECTED
BEFORE THE RELEASE, IF
THERE SHOULD BE A DEFECT
OR A SCRATCH ON THE
COIN, IT IS NO DOUBT A
CREASE IN THE
POLYETHYLENE CASE.
POLYETHYLENE CASE. WE TELL YOU THIS TO SAVE
US BOTH, UNNECESSARY
CORRESPONDENCE.
CORRESPONDENCE. THAT'S CUSTOMER SERVICE
IN 1960.
IN 1960.
IN 1960. AND SOONER OR LATER,
THEY WILL TARNISH, OR
DISCOLOR.
DISCOLOR.
DISCOLOR. UNDERSTAND, WE HAVE
INDIVIDUALLY HAND
INDIVIDUALLY HAND SELECTED THIS.
SELECTED THIS. PLEASE DO NOT ASK US TO
MAKE EXCHANGES.
MAKE EXCHANGES. SIGNED THE DIRECTOR OF
THE MINT.
THE MINT.
THE MINT. THANK FOR THAT.
WE DO THIS A LITTLE
DIFFERENTLY.
DIFFERENTLY. IF THERE MAY, WHAT SEEM
TO BE A CREASE IN THE
PACKAGING, PLEASE SEND
IT BACK.
IT BACK.
IT BACK. WE GUARANTEE THAT THESE
COINS ARE NOT
DISCOLORED, OR TARNISHED
OR ANYTHING ELSE.
WHAT MAY SEEM TO YOU AS
A PROBLEM MAYBE IS A
PROBLEM.
PROBLEM.
PROBLEM. WE INDIVIDUALLY HAND
SELECT THE SET.
>> Host: YOUR MARGIN FOR
ERROR.
ERROR.
ERROR. FIRST OF ALL, TO SOURCE
EVERYTHING ALONG WITH
THE GOVERNMENT
THE GOVERNMENT PACKAGING, AND NOT
EVERYTHING MAKES THE
CUT.
CUT.
CUT. NOT
CUT. NOT EVERYTHING MAKES THE
GRADE.
GRADE.
GRADE. >>
GRADE. >> Guest: I TALK A LOT
ABOUT THE KENNEDY HALF
DOLLARS.
DOLLARS.
DOLLARS. WHAT ABOUT THE
EISENHOWER HALF DOLLARS?
THE ONLY WAY TO GET
PROOF EISENHOWER HALF
DOLLARS ARE IN THESE
SETS.
SETS.
SETS. THE
SETS. THE TWO PROOF
BICENTENNIAL SILVER
BICENTENNIAL SILVER DOLLARS ARE BY THE WAY,
TYPE 1, TYPE 2. JUST THE
EISENHOWERS, $26, $26,
$24, $25, $19, AND $21.
JUST THE DOLLARS IN
THESE SETS.
THESE SETS. NOT TO MENTION THE
SACAGAWEA ARE ALL GOING
TO BE INCLUDED.
THEY'RE ABOUT $15 A
COIN.
COIN.
COIN. YOU
COIN. YOU PAY ABOUT $3 A COIN.
ALL THE SUSAN B ANTHONY
DOLLARS ARE GOING TO BE
INCLUDED.
INCLUDED.
INCLUDED. THOSE SETS BY YOU ARE
GOING TO BE INCLUDED
HERE.
HERE.
HERE. THE
HERE. THE OTHER THING WE DO,
THAT SO MANY PEOPLE
DON'T DO, THIS IS 15
YEARS OF PROOF SETS.
THE GOVERNMENT ONLY MADE
PROOF SETS IN 47 OF
THESE YEARS.
THESE YEARS. IN 1964, THEY MOVED THE
PROOF MAKING CAPACITY,
THE U.S. GOVERNMENT FROM
THE PHILADELPHIA MINT TO
THE SAN FRANCISCO MINT.
GOVERNMENT, IT'S THE
GOVERNMENT, IT TOOK
THREE YEARS.
THREE YEARS. THEY DID NOT MAKE PROOF
SETS IN THOSE YEARS, BUT
THEY DID MAKE SETS THAT
THEY INTENDED TO TAKE
THE PLACE OF SPECIAL
MINT SETS.
MINT SETS. THOSE ARE INCLUDED IN
THIS.
THIS.
THIS. 65,
THIS. 65, 66, AND SO YOU CAN
SEE, IT SAYS UNITED
STATES SPECIAL MINT SET.
SO WHEN I PRICE THESE
THINGS IN HERE, I DON'T
EVEN HAVE THIS PRICING.
THOSE KENNEDY HALF
DOLLARS IN THOSE SETS,
$31.50, AND $20 FOR THE
SPECIAL MINT SETS.
MANY PEOPLE ONLY SEND
YOU 47 YEARS.
THOSE AREN'T PROOF SETS.
BUT THEY WERE SUPPOSED
TO BE PROOF SETS.
THEY'RE THE PLACE
HOLDERS FOR THE UNITED
STATES ISSUE GOVERNMENT
PROOF SETS.
PROOF SETS. SO WE ISSUE THEM.
COIN BY COIN YOU'RE
LOOKING AT ABOUT $70 A
PIECE FOR THOSE.
BETWEEN 50 AND $70 A
PIECE, BUT WE'RE GOING
TO INCLUDE THEM.
YOU HAVE 50 CONTINUOUS
YEARS.
YEARS.
YEARS. THE THREE TRANSITION
YEARS.
YEARS.
YEARS. THE FIRST 42 SAN
FRANCISCO MINTED UNITED
STATES GOVERNMENT ISSUE
PROOF SETS ARE IN THIS
COLLECTION.
COLLECTION. THE FIRST 42 SAN
FRANCISCO MINTED KENNEDY
HALF DOLLARS, IT'S THE
ONLY WAY YOU CAN GET
THEM.
THEM.
THEM. THAT'S WHY THE HALF
DOLLARS ALONE WITH
$1,000 A COIN.
IT'S NOT JUST $1,000,
$3,000, $3,500 COIN BY
COIN.
COIN.
COIN. THEY'RE IN THE ORIGINAL
GOVERNMENT PACKAGING.
GOVERNMENT PACKAGING. IF I CAN GRAB THIS ONE
RIGHT HERE.
RIGHT HERE. IF YOU LOOK RIGHT HERE
IT SAYS, AND I HAVE TO
GLARE THIS A LITTLE BIT,
WHERE IT SAYS, RIGHT
THERE.
THERE.
THERE. PACKAGED BY THE U.S.
MINT.
MINT.
MINT. SEE
MINT. SEE WHERE IT SAYS RIGHT
THERE, PACKAGED BY THE
U.S. MINT, WITH THE U.S.
TREASURY SEAL ON IT.
THIS COIN I THINK IS
$54.
$54.
$54. THIS
$54. THIS COIN'S ALMOST $100
COIN BY COIN.
IF YOU REMEMBER, YOU PAY
20.
20.
20. EVERY
20. EVERY SINGLE SOLITARY
ONE OF THESE IS A SOLD
OUT LIMITED EDITION.
IT HAS BEEN FOR BETWEEN
10 AND 60 YEARS AGO,
BASICALLY.
BASICALLY. THIS HAS BEEN SOLD OUT.
YOU GET ALL 50 SOLD OUT
LIMITED EDITIONS.
LIMITED EDITIONS. LESS THAN HALF THE PRICE
OF THE ORIGINAL
GOVERNMENT PRICE FOR A
SET TODAY, IN 2019.
YOU GET 50 SETS.
50 SOLD OUT SETS AT
ABOUT HALF THE PRICE OF
WHAT THE GOVERNMENT WILL
CHARGE YOU FOR THE 2019
PROOF SET FROM THE U.S.
MINT.
MINT.
MINT. SPECTACULAR OPPORTUNITY,
SPECTACULAR OPPORTUNITY, YOU GET TO BUY LIKE A
COIN DEALER.
COIN DEALER. WE HAD FEWER THAN 100.
I PROBABLY ONLY HAVE
ABOUT TWO DOZEN.
TWO AND A HALF DOZEN
SETS THAT HAVEN'T BEEN
SPOKEN FOR.
SPOKEN FOR. GREAT OPPORTUNITY.
GREAT OPPORTUNITY. >> Host: REMEMBER, YOU
GET 12 FLEXPAYS IF YOU
HAVE AN HSN CARD.
I HAVE KNOWN MIKE OVER
20 YEARS.
20 YEARS.
20 YEARS. I HAVE NEVER, EVER, EVER
HAD A SHOW WITH YOU,
WHERE A PROOF SET HAS
NOT COLTED OUT AT MORE
MONEY, EVER.
MONEY, EVER. >> Guest: RIGHT.
>> Host: EVER.
EVER.
EVER.
EVER. >>
EVER. >> Guest: YOU GET THAT?
>> Host: EVER!
>> Guest: SHE'S NOT