How Is A Coin’s Value Determined?
Dec 27th, 2010 by Aldouspi

coin
by Aeioux

How Is A Coin’s Value Determined?

When one is just starting in coin collecting, often the first question is: “What is the value of the coin?: and the answer is that the coin will cost as much as you are willing to pay for it and the amount can vary considerably.  For instance, a coin dealer’s offer can be much less than a coin collector that certainly wants your coin badly to add in his collection.

The following are factors that can influence the true value of a coin.   

1.  Grade or condition of the coin.   Your coin will be worth or valued more when it is in good condition.  When in a perfect or unblemished mint condition, an “uncirculated” coin will be worth many times more than a similar coin that has been in circulation.

2.  The rarity of a coin is the principal basis for a coins value. Generally, the rarer that a coin is found to be, the higher it is priced.  Do keep in mind that rarity has very little influence on the coins age.   Chinese coins are a thousand years old normally sell for about ten dollars since there are so many of them; while a  “1913 Liberty Head Nickel”  can sell for up to or over a million dollars because only five specimens are known to be in existence.

3.  Bullion value.   A coin’s precious metal content can determine its value. A platinum, silver or gold coin will not, in general sell for less than the coins value when melted.

4.  Demand.  There are coins that are greatly in demand; sought after by many collectors, and if that a particular coin is in great demand  the price will be even higher.  Even comparatively plentiful coins can mandate higher value when they are popular with coin collectors.

For instance, “1916 D dimes” are much more abundant than the “1798 dimes” yet in spite of this, “1916 D dimes” sell for so much more because there are many more individuals collecting 20th century dimes than 1700 dimes.

Here’s how you can determine the approximate value of your coin:

1.  Properly, accurately, and correctly recognize and classify your coin, and know the to place value on that coin. You can do this successfully by examining your coin in a catalogue or online with the “coin price guide”; this will give you an idea of the going rate and price of your particular coin and you can determine the approximate value of your coin.  

Everyday coin values are changing; so you need to use a “coin price guide” that is updated on a daily basis to obtain the current coin value. Look at online sites that offer step by step guidance on how to recognize your coin the proper way.

2.  Grade your coin based on your thorough observation and examination of its current condition.  

3.  Consult coin catalogues for a list of  retail prices in or estimates of your coins retail value.  “A Guide Book of United States Coins”, popularly known as “The Red Book” to coin dealers and collectors, provides information on retail coin prices for US coins and is available in libraries, coin shops and bookstores.  “The Standard Catalog of World Coins” (in volumes) is a guide commonly used by coin dealers and collectors as well, to provide information on world coins and is available in many public libraries.

You can also check current coin prices by basing it on the actual dealer coin price found in magazines and newspapers or online auctions such as Yahoo, Coin World, eBay or Teletrade.

Always keep in mind that you are not collecting coins primarily for money; you collect for enjoyment and self gratification, and profit is to be last consideration.  The plain fact that a certain coin does not have a large monetary value, does not necessarily suggest that it is no longer interesting or fascinating or that it must not be included in your collection.

Each coin will have a certain interest in itself, regardless of the condition that it is in and regardless of its monetary value.  There will always be a certain characteristic that will draw you to that particular coin; so when it does, then you should have it in your collection.  Have fun!

To read about types of oranges, winter flowering plants and other information, visit the Gardening Central site.

Article from articlesbase.com

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Buy Gold Bullion coins – An Easy Method To Invest In Gold
Nov 12th, 2010 by Aldouspi

gold Krugerrand

Buy Gold Bullion coins – An Easy Method To Invest In Gold

In these gloomy economic times, more folk are looking at gold as a safer asset than stocks and mutual funds. Investing a portion of a balanced portfolio in silver and gold can act as a hedge against inflation. Precious metals are normally not as susceptible to the same gyrations as the bond and stock markets for typically, gold is not correlated to the stock market or the bond market. A portfolio of gold coins might add stability and value to your portfolio.

One of the best ways for small investors to invest in gold is with gold coins. Gold coins are more often than not worth more when compared to gold bullion bars. In part, that is because gold coins are more expensive to make than gold bullion bars. But the an additional “value” of gold bullion coins over gold bars is their numismatic worth. Gold coins are struck with the year on it and particular artwork associated with the nation of issue. The older the gold coin is, more often than not, the more additional value it will build up, beyond the price of gold itself, if the coin is maintained in a good condition.

Here’s a few of the most trendy gold bullion coins:


    American Gold Eagles
    – The American Eagle gold bullion coin was first produced by the United States Mint in 1986 as authorized by 1985’s Gold Bullion Coin Act. They are guaranteed by the United States government to contain the stated amount of gold in troy ounces. Legally the gold in these coins must come from sources in the U.S.

    It is backed by the U.S. Mint, and authorized by Congress for content and weight. It is available in 1/10 troy ounce, quarter troy ounce, 1/2 troy ounce and 1 troy ounce denominations.

    The reverse side features a female eagle and chicks in a nest, and above them the male holding an olive branch. The other design features Lady Liberty bearing a torch in her right hand and an olive branch in her left, and in the left background, the Capitol building.

    The United States Mint also mints a proof version for numismatists. Most American Eagle gold bullion coins are manufactured at the West Point Mint in New York state and bear a W mark under the date of issue. As with all other gold coins, their actual market prices varies from day to day based on the latest spot price of gold.

    Buy Krugerrands – The Krugerrand was the world’s first gold bullion coin, being first minted in 1967. The gold South African Krugerrand coin was also the first gold coin that contains precisely one ounce (33.93 grams) of 22 carat gold. South African Krugerrand coins don’t have any monetary value on them. Krugerrand prices are based upon the current value of one troy ounce of gold.

    The Krugerrand’s name was formed from a combination of the last President of the old South African republic, Paul Kruger’s surname, and the Rand, which is South Africa’s currency. The obverse of the Krugerrand has a portrait of Kruger. The other side has a springbok, a kind of gazelle. Springboks are South Africa’s national animal.

    Buy Gold Maple Leaf – Canada’s Gold Maple Leaf coin was first minted in 1979 by the R.C.M. (Royal Canadian Mint). It is one of the purest gold bullion coins in the world, with a gold content of 24k. Some singular releases contain gold mined entirely in Canada with virtually no base metals at all.

    From 1988 on, Maple Leaf coins have also been created in .9995 fine platinum, and .9999 fine silver. In 2005 a  .9995 fine palladium Maple Leaf 1 troy ounce coin was introduced.

    The gold Maple Leaf coins are available in one twentieth troy ounce, a tenth troy oz, a quarter troy ounce, a half ounce, and 1 troy ounce denominations. It is guaranteed by the R.C.M. to contain the stated amount (in troy ounces) of 99.999% pure 24k gold. The coins have legal tender status in Canada, which are much lower than their market value, and are symbolic. All denominations are the same in design, except for the markings on the obverse and reverse sides that specify the weight and face value of the coin.

    Buy Australian Gold Nugget – Sometimes nicknamed Gold Kangaroos, the Australian Gold Nugget is a gold coin minted by the Perth Mint. These coins have been manufactured in a variety of denominations of 24 carat gold. They are legal tender in Australia and are among a a small number of legal tender gold coins to alter their design each year, along with Chinese Gold Pandas. This, and their limited yearly production may help to inflate their numismatic value with the passage of time.

    The Gold Nugget was introduced in 1986 by the Western Australian government owned corporation, the Gold Corporation. From 1986 to 1989, the reverse of these gold coins pictured a number of Australian gold nuggets. With the 1989 proof edition, the design was altered to show kangaroos, the globally recognized national animal of Australia.

    In 1991, 2 ounce, 10 ounce, and 1 kilo sizes were introduced. They were introduced with the intention of keeping premiums low using economies of scale, and are among the biggest gold bullion coins ever minted. The face values on these large coins were lowered to keep them proportionate to the 1 troy ounce coin. The reverse of the coins does not alter every 12 months like the lower denominations; the kangaroo design is utilized every year.

    Chinese Gold Pandas– The Chinese Gold Panda bullion coin is produced by the official mint of China, and was first manufactured in 1982. It comes in a twentieth of an ounce, 1/10 of a troy ounce, 1/4 of an ounce, 1/2 of an ounce, 1 troy ounce, 5 troy ounce and twelve troy ounce denominations. Panda America is an official distributor in the United States of America, and in China, the official distributor for gold Panda bullion coins is the China Gold Coin Corporation (C.G.C.C.).

    The obverse side of the Chinese Gold Panda coin has Chinese letters on top saying Zhonghua Renmin Gongheguo (People’s Republic of China). Under that is a picture of the Temple of Heaven, and at the bottom, the year of issue. The reverse side features portraits of pandas, which have been altered every year with the exception of 2001 to 2002.

Another advantage to investing in gold bullion coins are their liquidity. Gold bullion coins are one of the easiest assets to sell. The reason why? Gold coins and gold bars usually have a standard weight and purity impressed on it. If an investor is not familiar with a coin, they can tell how much gold and what purity they are buying by reading the coin or bullion bar. Investing in gold bullion coins has its benefits; some of the advantages are difficult to find in other assets. This is what makes gold bullion coins among the best assets available.

Gold has risen in price substantially over the last few years. This is nothing compared to the rise, the smart money is predicting will come to pass over the next couple of years. Don’t miss the boat. Get in now before it’s too late…

Article from articlesbase.com


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