| When one is just starting in coin collecting, often the | | | | coin in a catalogue or online with the "coin price guide"; |
| first question is: "What is the value of the coin?: and | | | | this will give you an idea of the going rate and price of |
| the answer is that the coin will cost as much as you | | | | your particular coin and you can determine the |
| are willing to pay for it and the amount can vary | | | | approximate value of your coin. |
| considerably. For instance, a coin dealer's offer can be | | | | Everyday coin values are changing; so you need to |
| much less than a coin collector that certainly wants | | | | use a "coin price guide" that is updated on a daily basis |
| your coin badly to add in his collection. | | | | to obtain the current coin value. Look at online sites |
| The following are factors that can influence the true | | | | that offer step by step guidance on how to recognize |
| value of a coin. | | | | your coin the proper way. 2. Grade your coin based |
| 1. Grade or condition of the coin. Your coin will be | | | | on your thorough observation and examination of its |
| worth or valued more when it is in good condition. | | | | current condition. |
| When in a perfect or unblemished mint condition, an | | | | 3. Consult coin catalogues for a list of retail prices in or |
| "uncirculated" coin will be worth many times more than | | | | estimates of your coins retail value. "A Guide Book of |
| a similar coin that has been in circulation. | | | | United States Coins", popularly known as "The Red |
| 2. The rarity of a coin is the principal basis for a coins | | | | Book" to coin dealers and collectors, provides |
| value. Generally, the rarer that a coin is found to be, | | | | information on retail coin prices for US coins and is |
| the higher it is priced. Do keep in mind that rarity has | | | | available in libraries, coin shops and bookstores. "The |
| very little influence on the coins age. Chinese coins are | | | | Standard Catalog of World Coins" (in volumes) is a |
| a thousand years old normally sell for about ten dollars | | | | guide commonly used by coin dealers and collectors |
| since there are so many of them; while a "1913 Liberty | | | | as well, to provide information on world coins and is |
| Head Nickel" can sell for up to or over a million dollars | | | | available in many public libraries. |
| because only five specimens are known to be in | | | | You can also check current coin prices by basing it on |
| existence. | | | | the actual dealer coin price found in magazines and |
| 3. Bullion value. A coin's precious metal content can | | | | newspapers or online auctions such as Yahoo, Coin |
| determine its value. A platinum, silver or gold coin will | | | | World, eBay or Teletrade. |
| not, in general sell for less than the coins value when | | | | Always keep in mind that you are not collecting coins |
| melted. | | | | primarily for money; you collect for enjoyment and self |
| 4. Demand. There are coins that are greatly in | | | | gratification, and profit is to be last consideration. The |
| demand; sought after by many collectors, and if that a | | | | plain fact that a certain coin does not have a large |
| particular coin is in great demand the price will be even | | | | monetary value, does not necessarily suggest that it is |
| higher. Even comparatively plentiful coins can mandate | | | | no longer interesting or fascinating or that it must not |
| higher value when they are popular with coin collectors. | | | | be included in your collection. |
| For instance, "1916 D dimes" are much more abundant | | | | Each coin will have a certain interest in itself, regardless |
| than the "1798 dimes" yet in spite of this, "1916 D dimes" | | | | of the condition that it is in and regardless of its |
| sell for so much more because there are many more | | | | monetary value. There will always be a certain |
| individuals collecting 20th century dimes than 1700 | | | | characteristic that will draw you to that particular coin; |
| dimes. | | | | so when it does, then you should have it in your |
| Here's how you can determine the approximate value | | | | collection. Have fun! |
| of your coin: | | | | Submit your articles and get a PR4 backlink to your |
| 1. Properly, accurately, and correctly recognize and | | | | website! Submit Articles We provide free articles and |
| classify your coin, and know the to place value on that | | | | information. Check us out at Free Articles! |
| coin. You can do this successfully by examining your | | | | |