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Determine The Value Of Your Coins

Jul 3, 2008
As a coin collector it could be helpful for you to understand the factors that determine the value of any coin. The more that individuals desire a given variety of coin, then the more expensive that coin is going to be, because pricing is determined by the supply and the demand of collectors.

Thirty years ago the most popular series with collectors were pennies, but before that during the 1930s collectors were more interested in commemoratives, then in during the sixties collectors were more interested in the nickel series that contained the buffalo. Today the most highly sought after coins for collectors is the dollar piece of Morgan. What ever series is desired by collectors the most popular will always show an increase in price, so popularity does determine the value of any coin.

While demand for any coin can increase or decrease its value, the grade can vary with each. Any highly desired coin in one grade may not be desired within another grade. Collectors do desire coins of each different grade within a specific series, however coins with a grade of higher than sixty-five are extremely popular with any collector. So the grade and condition of any coin is definitely important to all coin collectors. With any coin, the better its condition will determine the grade to be assigned, which will make it worth more.

Another factor that determines the value of any coin is their face value and their metallic value whether the coins are made from silver, gold, platinum, brass, copper, or other valuable metals. For instance, if the market value of gold increases, then the price of any coin made out of gold will increase as well. Like wise, if the market value decreases, then the price of any coin made from gold will decrease. This is the same with any coins that consist of valuable metals.

The more publicity and promotion given to a certain type of series, then the more popular they will be to collectors. When the publicity of a series ends it is not uncommon for their popularity to begin to decline as well. There are other determinants that determine the value of any coin that include the variety of dies, popular and unusual designs, beautiful artwork, unusual denomination, or even an interesting historical story entwined with the coin.

If any coin is rare, then it will most definitely be valuable. Thus the rarer the coin, then the more valuable it will be. One must note that rarity often times has very little to do with the age of a coin. It is highly important for collectors to obtain as much information as they can on how coins are graded, which will create an advantage for any collector when purchasing coins. It is important for all collectors to remember that even if a coin does not have any significant value definitely does not mean that you should not have it as part of your individual collection.

Once any collector has a more complete understanding of how grading systems work, then you can begin appraising coins before you purchase them. It is worth noting that appraisals in coins will be different from person to person so, it is important for you to get appraisals from several sources to learn the average value of a particular coin. The value of any coin will ultimately be determined on its physical condition, how clean it is, distinctive features, scarcity, rarity, popularity, supply, and demand.
About the Author
Victor Epand is an expert consultant about rare coins, stamp collections, and rare collectibles. Follow these links to find the best marketplace for: rare coins, collections, and coin values.
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