Digital Social Hour
Why Ancient Coins Are the Next Big Investment Trend | Dean Kinzer DSH #1144
Mon, 27 Jan 2025
Why are ancient coins becoming the next big investment trend? 💰 Join Sean Kelly on the Digital Social Hour as he chats with ancient coin expert Dean Kinzer from Kinzer Coins! In this episode, you'll discover the fascinating stories behind ancient coins, their historical significance, and why they're gaining traction as a unique and valuable investment. 🏛️✨ From Julius Caesar's groundbreaking coinage to the artistic beauty of Greek designs, Dean shares his passion for holding history in your hands. Learn how these coins connect us to the past, their role in civilizations like Rome, Greece, and China, and why the market for ancient coins is still developing. Whether you're a history buff, a collector, or an investor, this episode is packed with valuable insights you don’t want to miss! 📜 Tune in now to uncover how these timeless treasures could fit into your collection or portfolio. Don’t miss out—watch now and subscribe for more insider secrets! 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 #coincollectingtrends #ancientromancoins #medievalcoins #romannumismatics #greekcoins CHAPTERS: 00:00 - Intro 00:28 - What are Ancient Coins 02:42 - Oldest Coin in History 05:00 - Specialized Recruiting Group 06:40 - Investment Perspective on Coins 08:51 - Personal Sentiment in Collecting 10:49 - Ancient Chinese Coins Overview 12:22 - Most Expensive Coin Ever Sold 19:01 - Significance of Ancient Coins 19:45 - How Common are Coin Counterfeits? 21:28 - Most Valuable Coin Insights 22:05 - Book Review: 100 Greatest Ancient Coins 22:24 - Melaresan Coin Discussion 28:01 - Collecting Modern Items 28:55 - Unusual Items in Matt's Collection 30:05 - Passing Down the Family Business 31:20 - Coins Mentioned in the Bible 34:05 - Slabbed vs Unslabbed Coins Explained 35:06 - Matt’s Website Overview 36:35 - Julius Caesar Coin History 39:52 - Historical Value of Coins 42:21 - Where to Find Dean APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Dean Kinzer https://www.instagram.com/kinzercoins/ https://www.youtube.com/@theancientcoinhour SPONSORS: Specialized Recruiting Group: https://www.srgpros.com/ LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Digital Social Hour works with participants in sponsored media and stays compliant with Federal Communications Commission (FCC) regulations regarding sponsored media. #ad
Chapter 1: What are ancient coins and why are they significant?
All right, guys, we got Dean Kinzer here today, ancient coin expert from Kinzer Coins, right? That's correct. Yeah, absolutely. And we're going to learn about ancient coins today. You're probably one of the biggest experts in the country, I'd imagine.
I know a few things and enough to be dangerous, but I have this huge passion for it. So in terms of my kind of collective experience, business, I have, what's it called, my podcast, The Ancient Coin Hour, which we talk about ancient coins. Ancient coins are kind of a mystery to Americans. It's not something that is frequently collected.
Chapter 2: What is the oldest coin in history?
And people can collect a million different things, but to me, there's not much more that has more feeling or meaning than holding something from an ancestor of yours from 1,000 years ago, 2,000 years ago.
Each one of these things has such an important message on them that the city or the country or the empire that made them made their most important stuff on those coins to put them out to the public. So you knew Augustus was going to make sure that you had food. Or what's it called? We were going to take care of our enemies. There's lots of coins where we conquered over this country.
other empire, where they represent all this interesting stuff. And so each one of these has a very special story to tell, and it's definitely worth knowing.
Chapter 3: How does the investment market for ancient coins work?
Yeah, and there's only a finite amount of some of these. We were talking out there about some of the price points on these, and they get up there, right?
Yeah, they do. I would tell you definitely, Sean, that I think In terms of the market, it's kind of a little bit underdeveloped, I would think. American coins in the U.S. are very well understood and very well, you know, kind of they have slabs, they have grading, they have a very structured collection style. Ancient coins is a little different. There's a lot of mystery to it.
First of all, because it wasn't minted here. But second of all, because maybe you don't have that direct connection to, you know, your... passed from, you know, Africa or Europe or China or any one of these places. But, you know, these people, your ancestors are telling you a story. And I just get so passionate.
Absolutely. Some of these are old, man. What's the oldest coin you got?
Well, coinage was invented in 650 BC approximately by the Ionians, or what is modern-day Western Turkey. Those coins were made with electrum, so gold and silver together. They were generally just globs, so like a ball of electrum. But it didn't take long. As soon as the first coin was minted, the first coin was counterfeited. Really? Yep. And so they had to advance ahead of the counterfeiters.
So they started adding things to the coins to make them, you know, harder to duplicate. So they'd put, on the reverse, they'd put in-cue squares or something that somebody wouldn't have to make a coin on. They started putting striations across. So a glob went to something a little bit more artistic or had a different meaning.
And then as time went on, I don't know if you've ever heard of a guy named Croesus, but he was around in Lydia in the 600s or 500s BC, and he was the richest guy in the world. And he created really denominations of coins. So in that time period, he started breaking down these silver and gold and electrum coins into 1 16th, 1 5th. So each one has a different value. It's not just one glob. Got it.
And so it's obviously taken off from there, or it continued on down that path. But it's, what's it called? You can keep going all the way until medieval times. And usually my coin area of interest is from 650 BC to 1453. at the end of Constantinople. But, you know, there's so much to get excited about.
Yeah, yeah. So you like the older ones then?
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Chapter 4: What are the challenges of collecting ancient coins?
Chapter 5: What is the most expensive coin ever sold?
And then as time went on, I don't know if you've ever heard of a guy named Croesus, but he was around in Lydia in the 600s or 500s BC, and he was the richest guy in the world. And he created really denominations of coins. So in that time period, he started breaking down these silver and gold and electrum coins into 1 16th, 1 5th. So each one has a different value. It's not just one glob. Got it.
And so it's obviously taken off from there, or it continued on down that path. But it's, what's it called? You can keep going all the way until medieval times. And usually my coin area of interest is from 650 BC to 1453. at the end of Constantinople. But, you know, there's so much to get excited about.
Yeah, yeah. So you like the older ones then?
Yeah, yeah. So primarily the ones that are, you know, had the most beauty. Greeks, you know, early Greeks, even before the Hellenism and Alexander the Great, really you know, obviously with their sculptures and all that kind of stuff, incredible artists. Well, that translated onto coins too.
And so they would have, you know, kind of their artists carve and, you know, your coins today are made on a machine.
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Chapter 6: Are there common counterfeits in the coin market?
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This coin itself was made with a chisel in a little die that they would turn over and hit with a hammer on molten steel or molten silver or gold. But they took that very seriously and they made some of the most beautiful art of that time period and they put it on coinage.
Chapter 7: What should collectors look for when buying ancient coins?
Yeah, you showed me some out there, and we'll throw some images on camera.
Oh, yeah, absolutely.
I don't know if they'll be able to see the exact detail, but, man, I was holding them in my hand, and it was so detailed.
Yeah, and the details are important because they're telling a story, right? Like, so the coin that I showed you, which was a Tyche Tetradrachm, it's not just a beautiful goddess on the front. It also represents their city. They have the four corners of their city on her crown. And so it means something, the detail is important.
Yeah. So I have a big business audience from like a monetary point of view, like investment point of view, you've been collecting these for 10, 20 plus years. Like how have these performed over time?
Well, I would say that Well, like with any kind of collecting, there can be market up and down. I mean, obviously, recession, people stop paying for things that they normally would expense. But generally, I would say upward. And the reason that I'm on here is because I really think that the market is still developing.
So if you go to find these, to research these, there's a lot of companies in the United States that do it. And there's a lot of companies that are big in the business, but they don't have the kind of social media presence or kind of global reach or even nationwide reach that really impacts people.
And so I'm coming on here because I think that maybe if you start buying these now, maybe the demand goes up because they become more popular. Yeah.
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Chapter 8: How can ancient coins connect us to our history?
Is it an older industry, like the people that are collecting?
So, yeah, I would say my generation probably did similar to me. Right. So our fathers collected and, you know, either we stuck with it or left it. I left it behind for a little while. You know, it's it's I'm sorry, I got a little lost.
No, you're good. So did your father collect too?
Yeah, absolutely. Sorry about that. Yeah, so he was an avid collector. And we used to do coin shows and all the stuff together. And really, that's the reason behind the name. It's named for him. He tried his whole life to make a business out of coins and baseball cards and what he collected and just wasn't able to cross it over.
So to me, it's really exciting to get the opportunity to push it forward. And that's why it's called Kinzer Coins. I love it, man.
Yeah, I think timing is part of it, too, because the baseball cards took off recently.
Yes. Yeah. And there was a huge boom in the 90s and stuff like that. But, you know, there's tons of stuff to collect. To me, I appreciate and understand baseball cards, but I also understand and appreciate that there's things that are older than 50 years ago. Yeah. They're pretty neat. That's why I love them so much.
No, it's something you can't explain, but when you hold something that historic, you feel it.
Yeah, absolutely. Absolutely. I think there's – when I went back into the history of my family, I looked up and found out my dad's side of the family came from Brundisium, which is a small town on the coast of Italy. Well, they went back before they were Romans. They were Greek, which maybe you didn't know the boot of Italy used to be Greek. But – shoot – I did not know that, actually.
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