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