Latest / Financial Survival Network / Why Ancient Coins Should Be Your Best Investment - Dean Kinzer #6263

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Why Ancient Coins Should Be Your Best Investment - Dean Kinzer #6263 · Financial Survival Network

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  Speaker 1: There are other coins that were made in Syria in
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  Speaker 1: that time period or a little before that, are made
• 0:07
  Speaker 1: out of billin, which is silver and bronze mixed together.
• 0:10
  Speaker 1: They are tetradrachms, and there's an abundance of those two
• 0:15
  Speaker 1: again affordable. You can buy a you know, I think
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  Speaker 1: it's probably ten or eleven gram billon coin of let's say,
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  Speaker 1: who would be a good hostilion or any of the
• 0:27
  Speaker 1: emperors from that time period, and you could probably buy
• 0:30
  Speaker 1: it for fifty bucks. And so the prices are astonishingly low.
• 0:36
  Speaker 1: But when I tell you what the high end is,
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  Speaker 1: I think it'll also surprise you.
• 0:39
  Speaker 2: You are listening to Carrie. Let'sa's Financial survival Network where
• 0:43
  Speaker 2: you get valuable information you just can't find anywhere else
• 0:47
  Speaker 2: to thrive in today's trying times. You need the Financial
• 0:51
  Speaker 2: Survival Network now more than ever. Go to Financial Survivalnetwork
• 0:56
  Speaker 2: dot com and get your free newsletter and gift. Financial
• 1:00
  Speaker 2: Survival Network now more than ever.
• 1:07
  Speaker 3: And welcome you are listening to and watching the Financial
• 1:10
  Speaker 3: Survival Network. I'm your host, Carrie Lutz. Well, we got
• 1:14
  Speaker 3: a new take on a very old thing. You like gold,
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  Speaker 3: you like silver, that's great, Well, collecting coins. Ancient coins
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  Speaker 3: in particular, could give you the benefits of both. Many
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  Speaker 3: of these coins can be had close to Spot. They
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  Speaker 3: definitely have collectible values and they tell stories. And Dean
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  Speaker 3: Kinser is with us now kinsercoins dot com, k I
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  Speaker 3: n z e er coins dot com and if you
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  Speaker 3: got a question for him or myself, shoot me an
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  Speaker 3: email kl at Carrie Lutz dot com. Dean, great to
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  Speaker 3: have you on the show, so thank you so much. Hey,
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  Speaker 3: I never thought of this, but I do know because
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  Speaker 3: some modern coins have I have had some collectible values.
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  Speaker 3: And I remember my friend Chris Wayne haven't talked to
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  Speaker 3: him lately, kind of fell out of touch, but he
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  Speaker 3: started making coins like anti royalty coins and things like that,
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  Speaker 3: and they wound up selling two three times over Spot.
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  Speaker 3: So tell us about this opportunity here.
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  Speaker 1: Well, first of all, thank you so much Carrie for
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  Speaker 1: having me on. A big fan and really an impressive
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  Speaker 1: fourteen years of putting together podcasts and helping people out,
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  Speaker 1: So thank you so much for having me on. Ancient
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  Speaker 1: coins are really what I would consider kind of a
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  Speaker 1: mystery to Americans, not because Americans aren't in tune with things,
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  Speaker 1: but it's really kind of an interesting hobby one that
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  Speaker 1: started in Europe way back when when they're you know,
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  Speaker 1: were there was royalty that kept some of these ancient
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  Speaker 1: coins and started collecting them over time, and then they
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  Speaker 1: started to share information between each other, and as time
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  Speaker 1: went on, they started to make their way into the
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  Speaker 1: States and people started to learn a little bit. But
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  Speaker 1: really the kind of overarching idea behind ancient coins has
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  Speaker 1: really yet to take hold. And that's why I'm here.
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  Speaker 1: I've actually been called the kind of apostle of ancient
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  Speaker 1: coins because I am preaching for people to get interested
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  Speaker 1: in them. Ancient coins really started out about six hundred
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  Speaker 1: and fifty BC in the western Aisles of Turkey. They
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  Speaker 1: started out as little electroum, which is gold and silver
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  Speaker 1: mixed globs, and then as time went on, people started
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  Speaker 1: to counterfeit them, so they advanced them beyond and they
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  Speaker 1: started to put striations, and then once people counterfeited that,
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  Speaker 1: they went to images. So about six hundred BC coins
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  Speaker 1: started to have images on them of animals, creases. If
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  Speaker 1: you've ever heard the as rich as Crisus, which is
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  Speaker 1: used to be a common saying, he obviously king of Lydia.
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  Speaker 1: The man King Midas was kind of represented for he
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  Speaker 1: really took coinage to the next level, started creating denominations,
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  Speaker 1: different types, silver, gold, bronze, each one of those types
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  Speaker 1: having a value and a meaning, and that really kind
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  Speaker 1: of spread throughout the Greek world. All of the city
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  Speaker 1: states started creating their own coinage and trying to make
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  Speaker 1: it kind of the US dollar of the time. So
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  Speaker 1: as time went on Athens, the attic owl became the
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  Speaker 1: money of the time, and then further on it became
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  Speaker 1: the shekel of tire, which we all familiar about, and
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  Speaker 1: then the Roman denarius. So each one of those types
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  Speaker 1: has a series of coins that came from there. Each
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  Speaker 1: one of them is very interesting, all of them have
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  Speaker 1: great stories behind them, and I'm just on the edge
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  Speaker 1: of my feet trying to tell everybody about them. It's
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  Speaker 1: really my mission in life.
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  Speaker 3: That's really cool. And you said your father was a collector.
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  Speaker 1: Yeah, so if the reason it's named Kinser Coins is
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  Speaker 1: because I'm trying to carry on the legacy of my father.
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  Speaker 1: My father was what you would call probably clinically a hoarder,
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  Speaker 1: but you would say that he it was a collector
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  Speaker 1: of very interesting things. Carrie and I talked a little
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  Speaker 1: bit about some of the eclectic things he collected, one
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  Speaker 1: of them being a you go. He had upwards of
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  Speaker 1: twelve to thirteen ugos at any given time, so that
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  Speaker 1: kind of tells you the taste that he had. So
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  Speaker 1: he had interests, American coins, baseball cards, all magazines, you
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  Speaker 1: name it. And so as he got ill, and I
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  Speaker 1: kind of moved in with him to kind of take
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  Speaker 1: care of him as he moved on to the next life,
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  Speaker 1: I had to manage his a state. And so as
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  Speaker 1: I was managing as a state, I went through a
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  Speaker 1: lot of things, and the one thing I couldn't let
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  Speaker 1: go of were the ancient coins in his collection. And
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  Speaker 1: he was a very biblical man, very Christian man, ordained minister,
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  Speaker 1: so he had ancient coins that were very specific to
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  Speaker 1: the Bible. So he probably had thirty to forty shekels
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  Speaker 1: of tire, He had any number of widows mites and
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  Speaker 1: tribute pennies. Is really what caught me. A denarius of
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  Speaker 1: Tiberius with his mom Livia on the reverse, a tribute penny,
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  Speaker 1: but then also a tribute penny in the Bible render
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  Speaker 1: onto Caesar what is Caesar's And I just really had
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  Speaker 1: a hard time selling it. And it really gives me
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  Speaker 1: an opportunity to carry on his legacy beyond his time here.
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  Speaker 3: Okay, so you know, for somebody just starting out in
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  Speaker 3: this type of collecting, which seems really cool to me,
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  Speaker 3: how do you start?
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  Speaker 1: What do you buy? Sure? So my recommendation to everyone.
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  Speaker 1: Ancient coins obviously are not well. I will tell you
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  Speaker 1: they are not set up like American coins. American coins
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  Speaker 1: have a regimented grading system and organization. Ancient coins are
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  Speaker 1: still a little bit of the wild West, which gives
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  Speaker 1: you the opportunity to kind of you know, hit low
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  Speaker 1: and getting gain high. There's opportunity there, but because that
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  Speaker 1: it's not well known, and because there's opportunities out there
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  Speaker 1: for people to make mistakes what they're buying. My partner
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  Speaker 1: and I, Josh Benavento, have created a podcast, the Ancient
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  Speaker 1: Coin Hour, which gives you quite a bit of insight
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  Speaker 1: into the business of coins. So we host and we
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  Speaker 1: have on people in the industry, the owners of the
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  Speaker 1: major companies, collectors, dealers, you name it, so you can
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  Speaker 1: get used to the industry. But then we tell you
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  Speaker 1: where to shop, who we trust. You know, what are
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  Speaker 1: the things you look for in a dealer that you
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  Speaker 1: can have faith in and he will help you. One
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  Speaker 1: of the main things that you should always look for
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  Speaker 1: is a dealer with a lifetime guarantee because of the
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  Speaker 1: risk that is associated with coins. If something over time
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  Speaker 1: turns out to be fake, your dealer should accept that
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  Speaker 1: at full price return. That's what I stand on, That's
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  Speaker 1: what everyone's stands everyone that's reputable in the industry stands on,
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  Speaker 1: So we look for that. I always recommend stay away
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  Speaker 1: from eBay until you get familiar with the material that's
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  Speaker 1: on there. There are a lot of opportunities for people
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  Speaker 1: to sell you what I know, cast copies from Eastern
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  Speaker 1: Europe or any number of places. And like anyone else,
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  Speaker 1: I've made terrible mistakes buying stuff. But that's why we
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  Speaker 1: decided that there was a just a desperate need for
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  Speaker 1: people to learn about this and not make those mistakes. Well,
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  Speaker 1: we know, go here.
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  Speaker 3: It's been said that a smart man will learn from
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  Speaker 3: his own mistakes, a wise man will learn from the
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  Speaker 3: mistakes of others. So maybe if we go to you,
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  Speaker 3: we can avoid those other mistakes.
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  Speaker 1: That's perfect, Yeah, that's exactly right. In terms of what
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  Speaker 1: to buy. You know, I can make some recommendations on here.
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  Speaker 1: Some of the things that are great about ancient coins
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  Speaker 1: is there's a lot of different areas of appeal. So
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  Speaker 1: if you're into astrology, you can collect an entire set
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  Speaker 1: of Antoninus Pious astrology coins with the astrological symbols on
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  Speaker 1: the reverse. There's animals. There's all kinds of little collecting
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  Speaker 1: areas that you can get involved in, but I would
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  Speaker 1: always encourage you to kind of start smaller. There's an
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  Speaker 1: entire group of coins, they call them late Roman bronzes.
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  Speaker 1: They're in the three hundreds to four hundreds AD there
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  Speaker 1: when Rome kind of started to how do I say,
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  Speaker 1: pull back some of the stronger currency and flood the
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  Speaker 1: market heavily with bronze. So there's an abundance of them.
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  Speaker 1: But you can buy a coin of Constantine the Great
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  Speaker 1: from about three twenty five AD for about twenty to
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  Speaker 1: twenty five dollars in good condition, not in like worn,
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  Speaker 1: but in readable, understandable conditions, so to be. That's a
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  Speaker 1: great start. And there's about because of a lot of
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  Speaker 1: succession crisises and all that kind of stuff, there's a
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  Speaker 1: ton of different emperors that came through during that time period.
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  Speaker 1: Each one of them has a fantastic story. Usually they
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  Speaker 1: ended up dying terribly, you know, in some kind of
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  Speaker 1: assassination or something. But each one of these has a
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  Speaker 1: story behind it, and you know, it just keeps feeding
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  Speaker 1: kind of to I don't want to call it an addiction,
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  Speaker 1: but an interest, hunger for history, and that's why I keep,
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  Speaker 1: you know, keep going into it. There are other coins
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  Speaker 1: that were made in Syria in that time period or
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  Speaker 1: a little before that, are made out of billin, which
• 11:05
  Speaker 1: is silver and bronze mixed together. They are tetradrachms, and
• 11:10
  Speaker 1: there's an abundance of those two again affordable. You can
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  Speaker 1: buy a you know, I think it's probably ten or
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  Speaker 1: eleven gram billin coin of let's say, who would be
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  Speaker 1: a good hostilion or any of the emperors from that
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  Speaker 1: time period, and you could probably buy it for fifty bucks.
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  Speaker 1: And so the prices are astonishingly low. But when I
• 11:34
  Speaker 1: tell you what the high end is, I think it'll
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  Speaker 1: also surprise you. Like if I was to ask you,
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  Speaker 1: what do you think a Julius Caesar elephant Denarius in
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  Speaker 1: really good condition would be worth? Now I know you're
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  Speaker 1: not you don't know that, but just take a guess
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  Speaker 1: Julius Caesar minted coin.
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  Speaker 3: What's it made out of silver?
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  Speaker 1: Three point eight grams?
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  Speaker 3: It's can't be worth more than a couple hundred bucks.
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  Speaker 3: I would assume a coin with Julius Caesar. Yeah, Julia
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  Speaker 3: should go for a lot more than that. But there's
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  Speaker 3: a bunch of them around and it there is onun stars.
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  Speaker 1: Yeah, bringing them in so you can. You can buy
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  Speaker 1: a Julius Caesar.
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  Speaker 4: In what I would call kind of low end grade good,
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  Speaker 4: very good in the five hundred to one thousand range,
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  Speaker 4: and I would say an excellent condition from like really
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  Speaker 4: nice between five and ten thousand dollars.
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  Speaker 1: To own a coin of Julius Caesar, not a you know,
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  Speaker 1: a three cent piece from eighteen sixty five, a coin
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  Speaker 1: that was minted in forty eight pc.
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  Speaker 3: I think it's I think it's really cool, Dean. So
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  Speaker 3: how do we find you? How do we connect with you?
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  Speaker 3: I like what you're selling here and I'm definitely going
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  Speaker 3: to place an order with you. But for those of
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  Speaker 3: you out there who are watching or listening, how do
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  Speaker 3: how do you do that?
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  Speaker 1: Okay, well, so come to my website. It's www dot
• 13:02
  Speaker 1: kinzercoins dot com. K I n Z E r cooins
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  Speaker 1: dot com UH, and I have a website there where
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  Speaker 1: I have all of my inventory. I have a large
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  Speaker 1: inventory that's kind of based on new collectors. So there's
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  Speaker 1: packaged goods, you know, where you can collect or you
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  Speaker 1: can get a widow's mite in a nice box, or
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  Speaker 1: you can get a little more you know, UH intentional
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  Speaker 1: about it and buy a specific denarius UH integrated UH
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  Speaker 1: plastic kit. So lots of different opportunities. And then I
• 13:34
  Speaker 1: have links to my podcast and other sister companies there
• 13:39
  Speaker 1: that we we trust and we have faith in. We
• 13:42
  Speaker 1: can we can make your coins into jewelry. We can
• 13:44
  Speaker 1: do all kinds of things. But if you go to
• 13:47
  Speaker 1: kinsercoins dot com check us out, UH and we'd be
• 13:51
  Speaker 1: happy to help you learn a little bit about ancient
• 13:53
  Speaker 1: coins and then become a collector.
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  Speaker 3: I love it, man, so cool. Love what you're doing.
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  Speaker 3: Keep doing it. It sounds like you found your niche.
• 14:02
  Speaker 3: And it's all about the niche. And if you've got
• 14:06
  Speaker 3: any questions for Dean myself Klatcarrieluts dot com, you'll find
• 14:10
  Speaker 3: a link to kinsercoins dot com in the show notes
• 14:13
  Speaker 3: to this interview on Financial Survival Network dot com.
• 14:18
  Speaker 1: We just asked.
• 14:18
  Speaker 3: When you go there, please sign up for your free newsletter.
• 14:22
  Speaker 3: A lot of great info in the process of getting
• 14:24
  Speaker 3: one together now, Hey Dean, been a pleasure, Thanks so
• 14:28
  Speaker 3: much for stopping by.
• 14:29
  Speaker 1: Thank you so much. Carry an absolute pleasure. Thank you.
• 14:32
  Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 14:36
  Speaker 2: solution to today's trying times. For the latest, go to
• 14:40
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,