hey guys renee and casey here with barney meyer's thrift
this video is so exciting he's choking up i don't know what just happened here i just talked for 40
minutes for another video okay guys this video we're gonna share you we share a lot of stuff
not only do we share what we buy but we share share with you guys how we make money one of the
things we just bought is and we just bought these in october 2021 american eagle one ounce silver
reverse proof two coin set design edition these were selling on the usgovmint.com
okay these were selling at the usgovmint.com for 178 shipped uh it was one per person i believe um
you want to look in the u.s government they tell you exactly what they do what the mintage will be
there's a couple different mintage numbers do the research learn these were minted to 125 000
sets of this particular which is i try to get stuff like i'm i'm really excited when stuff is
minted to 75 000 or less and silver coins 125 000 is still really cool i'm going to show you how i'm
making money with it first what i'm going to do is i'm just going to tell you exactly what we did i'm
going to share all the numbers with you guys and um we'll have some more close-up pictures too in
the corner up there i'll share exactly the numbers of what we did and what how we expect to do on it
doing it okay we'll make money and our little trick on how to make extra money yeah and then
so obviously we doing this in a bigger scale but you can do this and we're going to talk about the
end just buying two sets and making extra money and the reason we share this there's a lot of
people out there that you know look at what we do and they laugh at us they say it's pennies
and there's a lot of people out there they wish they could do would do what we do but you know if
they can do something where they pick up an extra two or three hundred bucks five to ten times a
year would change their life uh i always remember the gentleman and i was referring him out of san
francisco that was homeless and he said because some of the stuff that we teach in our videos
he's feeding his kids in the house and he's doing very well so that makes me really happy in my
heart so when i get money things you know sometimes i think maybe it's a short video
whatever i shared so this is what we did so these are obviously very limited it's we were able to
buy three sets and the way we did it uh i had one out of my name i had one in the casey's name and
just in case we used our business address we used our house address and then i bought one
of the casey's mom's name my dad just throwing money there goes the profit there goes the profit
so my dad and these are empty these are the coins right here okay my dad also has one but he kept it
he's just keeping it long-term so we bought three sets ourselves the three sets we paid
the regular price of 180 which is 540 retail then i belong to a lot of bonding groups and
people that just buy and sell for a living and earlier i told some people hey i'm going to buy
a bunch in advance they didn't want to sell them because these were supposed to go really high by
the way if you got them right away these were selling for like on ebay for like 300 sets if
you got to win the first week in selling uh but because of those groups i was able to buy another
50 sets at 190 bucks a piece and i basically bought them for two or three people that had like
you know that network 12 15 people and they all were buying one per address one per person
they made 10 bucks a set doesn't make them rich but these people that literally order stuff
every day with different products and just try to make 200 2 000 bucks a day adds up
really fast a lot of works but it adds up okay and some people say it's not worth the money
just remember it's always a wheel you know by the time i pay them for the stuff that they ordered
they haven't even had their credit card bills don't even do it and then we got really lucky
there's another bottle that we had to deal with um we bought a bunch from him but then
he wanted to hold other ones they went down the profit margin basically for a while was on ebay
where you don't even make any money anymore you break even and i don't want to buy because at
the time i wasn't planning on creating them at the time and i already had like 53 sets
and there might be a chance i might buy another 100 sets from somebody else down the road
and he really wanted to sell them so he actually ended up selling to me another 36 sets
at 140 bucks a set guys which um that is 38 dollars below the actual retail price um so
he took a loss and you need to explain why did you sell it because everybody's gonna be like nobody's
gonna do that it happens so business so this guy spends literally over a hundred thousand dollars a
month on shoes nike shoes he does a lot of yeezys he has a lot of merchandise moving he just bought
these for a quick flip but then it kind of slowed down for a while and he didn't care he also made
a huge easy scoring just need to free up more cash you didn't care so it's like any business we talk
about you know if you have fifty thousand coming in and you take a four thousand dollar loss of
that who cares i do the same thing with cards all the time some you win some you lose you look at
your overall package he just wanted him gone he needed a space plus i spent with that guy a lot
of money so he's like hey you want him for that take him i'm like all right i'll take him for that
that's great because it put down my average so basically what happened to us so two coins is
a set it's come two coins so we ended up with a total of um 89 sets for a total of 15 086 dollars
a lot of money yeah which puts our average price at 170 bucks a set and we're gonna talk about
regular numbers because some people say well i can't do that because that's the thing that
a lot of people always have i can't do that but i'm just telling you what our deal is right now
so our average price is 170 bucks a set now then we got a membership um we have a membership with
pc gs which is the best coin grading company out there it has the most values basically
the psa of trading cards um what we did we sent each of these coins in to get created
we made sure we sent the original shipping boxes so we can get the first strike
designation to get that little you see how it says first strike in the top left
to get the initial first strike designation so to create one of these modern coins is 17
it's 18 x additional dollars just to get the first strike designations if your coin qualifies
um but it puts a lot more value so it's usually good to do it's kind of a marketing thing but
you know it's worth it so basically it's 35 bucks a coin so to get a set graded is 70 bucks a coin
um so now if we spent 70 bucks a set which we did i'm showing a few here
the rest you know these are all the same coin the rest of the coins where were you putting
out safety deposit box these will go in a safety deposit box because that was the last shipment uh
we'll probably have like two or three sets around the office just for ebay but um also keep your
silver store safe obviously we have private walls we have safety deposit boxes protect our stuff um
what was it saying okay so we paid seventy dollars a set to get credited now remember
our average set price was 170 we add 70 for grading so now it means a set
we're into 240 bucks a set make sure when you grade your coins include a note that you want
your original packaging back because when we sell it on ebay we sell it with original box
um we sell it with a certificate of authentic authenticity from the us government in here
so we'll sell a stuff like this
that's what it looks like on ebay now you you asked me how do i make the free
money and that's what's great about grading coins and how you get a shot at free money
we're into it at 240 a set when you look at these coins i looked at the population report everything
that pcg has graded at the time was about a 55 to 60 percent success rate that you grade comes
right here as a pr70 see that right here which in coin grading that's a perfect grade everything
else was pretty much graded a pr 69 okay right so the pr 69 we're breaking even no hold on
i got the exact number okay this one's a pr 72 yeah so so let me tell you um hey can't go back
so what we did so at a pier 70 that's a perfect grade 69 is just under perfect
very close but what the percentage of that was is 55 of the coins degraded they made 70s so far
so our coins we got out of our 89 sets we got 45 sets back at a pr 70. so just over half of
them which is great because we're making money those the other half we got back at a pier 60 is
69 and we have nothing below i've seen a few coins online that were below but all coins were all this
so uh sorry i took a bunch of notes right here uh my script my scribbly notes
so um sorry because he doesn't have it on the spreadsheet no i mean i have spreadsheets at
home but this was just for this video over here so outcast remember grade is 240 a set
uh remember everything that we count on ebay like no matter what it is i considered it cost me 20
we throw free shipping in with our prices on these particular coins
and also if something gets stolen or extra insurance or anything we'll just say it cost us 20
so the 69 sets which basically in those sets we didn't make don't make much money that's
that's the lose of it that's just our break-even point we got 44 sets that we're gonna sell at 320
uh we're the cheapest with the pcgs great at 300 you can also split the coins and sell
them one by one which actually brings a little bit more money but most people would want sets
if we sell them at 320 dollars a set take off the 20 that means we get back to 256 which is 16
over our initial cost not very exciting right but here's this is what how many do we have well so 44
so times 16 that's 440 220 660 676 we would make it's still money but it's it's not exciting but
don't you have to subtract how much it costed you to like make the box to ship it you know that's
all part of the twenty percent okay so that's it cost us twenty percent to sell and you know people
argue with me all the time renee it's only twelve percent and three percent for the credit card and
um the box is only i'm like look it's 20 that's how i do my business plans if i end up with more
money at the end of the year that's great um but this way i see so many people that underestimate
and they're like well i'm supposed to have forty thousand dollars here's only eighteen thousand
dollars here i'm like well because you have to mess with everything at best case scenario and
we all know always says conservatively right so that way you're excited when you make overage
exactly so then we have 45 sets that came back at the pr 70 which that's our winning set
up here 70 sets i just put them down to 620 bucks a set which we're the absolute cheapest
um you know some people sell for 629 there's people as high as 700 depending on the company
so um on if we sell a set for 620 it's the same set would cost us 240 after the 20 we mean which
means we get back 496 dollars which means on a graded set of these we make a 256 dollar profit
now that's pretty exciting right especially since we can do it 45 times so here's our number
breakdown we spend originally on the coins fifteen thousand eighty six dollars we spend
another sixty two for creating the coins which puts a total investment of 21 316. if we sell
the coins at 45 sets at 620 and 44 sets at 320 we recover a total of two thousand five hundred
eighty dollars if we take off twenty percent for selling fees and just cost of doing business
of that of that number that leaves us with a net income of thirty four thousand sixty four which if
you take the net income and excuse me if you take the net income off the 21 316 we spent that means
after everything we have a profit of 12 748. damn so initial investment would be twenty one thousand
three hundred sixteens after paying everything we would clear thirty four thousand sixty four which
is twelve thousand seven hundred forty eight that's assuming we're selling everything in
sets and the coin doesn't go up in the meanwhile maybe we'll keep some for a while until next year
christmas where the price should be up we do that sometimes too we don't sell everything at once
um if you sell these separate instead of getting 620 a set you can get about 700 but they sell a
lot slower so right now we just have some setup another thing you guys going to say to me and so
basically anything that comes back at 69 we break even we make a little bit we break even anything
that we score 70 on we do really great right so we're really happy with that and then you know
it's a type 2 and a type 1 to sign in the back of the american eagle design in the background
just so you can hear aren't they yeah each one is an ounce of silver but so that that's how we make
money with coin grading especially with this new stuff if it does bad and gets us a 69 we
still make a little bit of profit if we get 70s we make a lot of profit um if you take companies
out there like pinehurst coins and stuff they'll buy like a thousand these sets and send them all
in to get graded and you know break even make a little make a lot of profit that's how these guys
make a lot of money and just build huge empires of money now you guys gonna say to me renee
renee renee exactly i can't get anybody to sell me 178 set for 140. i can only get it if i pay extra
so no problem guys we had 49 sets let's just assume instead of our price being 170 we paid
200 for each set okay our average price was 170 so we have to add time 30 dollars times the 89
sets we have which is an extra 2 670 if all the other numbers how we're selling are still the same
but now our average cost is 200 which there's a lot of sets you can buy in auctions and you
know just running some different ads and talking news groups getting them at 200 is not a problem
that's what pinehurst coins pays last time it says a lot of people pay you can find them at 200
okay that would increase your cost by 2 670 and with the same results as we got without
grading you still would make a profit of 1078 assuming you have a 20 selling cost now you say
hey renee you know i don't have 20 000 to put in there okay but let's say you and your wife
you have two different addresses and you each buy one set so now you have two sets same thing
you send them in to get graded the grading is the same it's 240 cents it's 240 percent okay
say you get unlucky and both your sets come back at 69. you're not really making any money you're
making like 16 bucks a set you're tied up um 480 let's say the whole process takes you 60
days which it shouldn't but let's say it takes you 60 days you tied up 480 and you'll get back
like uh lunch money yeah 512 but that's when the project failed and you're still not losing money
now let's say you get lucky you tied up 480 and both your sets come back to 70. this is why i
say this is free money both your sets come back a 70 you make 254 right of 258 what do we have
here uh you make 250 bucks a set so your 480 is 500 512. so you're looking at a return of 500
now you're looking off getting back 992 out of a 480 investment and if you can pull that off five
times a year with five different releases that you like and say you only get two sets well that
makes a difference of twenty five hundred dollars income wow a year everybody can use the little
extra tingling i mean that pays all your cell phone bills for two people for a year it probably
pays you power bill unless you're like in one of the cold call states you know um if you have a
decent average car that will pay your car payment i'll probably pay all the gas for all your car
and that's only with making five two coin deals a year like this i love it yeah it's all about
the side hustle baby it's all about the sighthouse and that's what investors don't think about they
think everything always has to be a home run and then you get hooked now you'd be like okay
we need to find a way to get five of these sets or tenants how do we make the side hustle yeah so uh
excuse me actually i'm wrong so the profit would be ten ten dollars less per set because you're not
getting them an average of 170 you just get an average of the u.s mint price which would have
been well 178. but the mean and numbers are almost the same but um yeah so i'll teach you guys how to
make money little side hustles look for little tricks so you can make a little extra money
there was another coin out there which was the morgan dollars they just reissued and i didn't
buy any because we were busy with storage wars um same concept you could do less investment and
more profit so you just got to look for coins every year the u.s mint has several releases
to just kill it the year before they had the anniversary of the ending of world war ii
those coins were going crazy um you can also buy gold coins if you get those investments
more but the profit of those special points was just through the roof i know people that
you know in some states made a house on those coins wow are you serious yeah they
were really really low limited gold coins um you just have to do your research as our side
houses and remember you have a project here that makes you four times a year 500 bucks
and you find 20 projects like that you know your 500 dollars four times a year would be 2 000
now you have 20 prospects like that you just make 40 000 and guess what guys you have to click some
buttons for this fill out a couple of forms with bcg bc gs fill up an ebay page you do not have
to go out there and dig a hole you don't have to dig out of latrine you don't have to worry a lot
of trucks heavy boxes exactly none of that stuff this is just that's my job yeah yes you don't have
to work super hard to do this this is basically a little bit of knowledge have a little bit of money
and even if you only have 300 to start you start out slow and you keep on building your
money just keep on your profits and reinvest your profits you know as time goes by all of
a sudden you'll be ordering like 50 of these or then you'll be on every discord group and start
building yourself a reputation and when certain sets that come out that are winners you'll be
like hey we got to get like a thousand sets of these two hundred thousand dollars just at least
and i will sell them over the next two years just another way of making money i hope you
guys enjoyed this video it was a little bit different than our usual stuff but hey we
share all the knowledge with you guys because we live this life every day from our family to yours