Your coin collection value could be worth more than pocket change—especially if it contains currencies from the 18th or 19th century. But what gives collectible coins their value? Here’s what to consider:
Material: Silver and gold coins—mostly minted before the Great Depression—have a higher value than their copper and bronze counterparts.
Grade: Also known as condition, grade is key to the aesthetic of the coin. Appraisers and collectors place a higher price on undamaged and uncirculated coins. Like any antique, dents, scratches, corrosion and carbon spots can lower the grade of the coin.
Pro Tip: Cleaning a coin does not increase its grade. It’s best to leave it in its original condition.
Age: Age isn’t always a telltale indicator of value. While older coins typically sell for more, they usually have other desirable traits. A newer, more rare coin may be more valuable than an older coin that’s easy to find.
Rarity: The rarity of the coin is the driving factor for demand and a high price tag. Rare coins are often a result of limited minting.
Gather information about each coin. Start with the date, monetary denomination, color/material and a brief description. Next use a coin values chart to assess the worth.
Make sure to follow these steps before selling:
Whether you’re a coin connoisseur or new to the hobby, make sure to do your research. You may be surprised at your coin collection’s value!
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