How To Determine the Value of a Coin
Oct 11th, 2010 by Aldouspi

What Affects the Value of a Coin ?

When you are just beginning in coin collecting, often a big question is: “What is the value of my coins?

The answer is that the coin will cost as much as you are willing to pay for it and that amount can vary greatly.

For example, a coin dealer’s offer can be considerably less than a coin collector that really wants your coin badly to add in his or her collection.

Here are some factors that go into finding the true value of a coin.

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.

The rarity of a coin is the principal basis for a coin’s 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, yet they normally sell for about ten dollars, since there are so many of them.

On the other hand, 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.

What is the Demand? There are coins that are greatly in demand; meaning they are sought after by many collectors. If 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 example, “1916 D dimes” are much more common 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.

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

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

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

Consult coin catalogs for a list of retail prices in the market or estimates of your coin’s 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 And when it does, then you should have it in your collection.

Mandy has been writing stories and articles from a very young age on any flat surface she could find. She also collects coins, specifically Morgan Silver Dollars. —- Article from articlesbase.com

How To Determine the Value of a Coin related articles from the blogosphere…

What's It Worth? How dealers determine the value of a Rare Coin …

Many full time dealers don’t really understand the nuances that come with determining a coin value. If they can buy it at Bluesheet-sight unseen bid-they feel ‘safe’ because they haven’t paid any premium over the basal value. …

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Melt and Spot Values – Coin Community Forum

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Coin Collecting : How to Determine the Value of a Coin

The value of a coin depends on several factors, including what the coin is made from, if the coin has a mint mistake and if the coin is rare. Determine the value of coins and understand the grading system with tips from the owner of an antique store …

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