Home » Finance

Why Finding the Right Coin Price Guide is Important

Aug 30, 2008
If you're new at coin collecting, you might find yourself overly excited at the prospect of finding or holding a coin that's priceless. Some coins are worth more than others, while other coins are not worth anything at all. To help you figure out if what you have is treasure or trash, you should seek a reliable coin price guide. These days, you can find several coin price guides in the Internet. Like coins, some of these coin price guides are genuine and reliable, while others are inaccurate and misleading. It's best if you ask the help of a coin expert in determining the value of the coin or coins in your possession.

In the meantime, you'll do well with settling on a credible source that provides an accurate chart of coin prices of values. You can find several websites that contain coin price guides. The value of a coin depends upon several factors, including the demand for it, its scarcity or rarity, its quality, and its bullion value. One other important coin characteristic or trait that can help influence or determine its value is its grade, which is basically where coin price guides base their prices.

First of all, you should learn the common coins that coin collectors seek for. These coins are the Mercury dimes, Buffalo nickels, Liberty Head v-nickels, Indian Head pennies, Draped Bust dollar, Flowing Hair dollar, Peace dollar, Ike dollar, Barber dime, and Wheat pennies, among many others. A coin price guide will no doubt include the prices for these coins. What is great about certified coin price guides is that they tell you how much your coins are really worth or at least average dealer asking prices, as opposed to the lower retail prices that most coin dealers are willing to give you for them.

The coin market, unlike other commercial markets out there, is comparatively volatile and not heavily capitalized. Moreover, important short-term price swings are always just around the corner waiting to pounce at the most opportune moment. This is why most online businesses in the coin pricing industry do not guarantee profit and security against loss for any coin that you buy or sell (or buy and sell) according to the information you gather from such sites. Moreover, you can find several additional output or information regarding coin prices from time to time which should help you arrive at a wise decision.

The prices in some coin price guides are compiled from a variety of sources, such as dealer advertisements found in trade papers, dealer fixed price lists, vital auctions, and trading activity and coin impression that takes place in major coin shows. Based on all these things, prices for coins are updated on a regular basis, especially those of the most actively traded coins.

In general, a coin price guide should serve as a guide and assist the buying public in identifying the values of coins. It is most useful to coin collectors of all ages from all places.

Coin collecting is the collecting of coins and/or some other form of legally minted currency whether still in circulation or has been in circulation for some time.
About the Author
PART 2 - For part two of this article, head on to Coin Price Guide where you can also find the best places to Sell Gold Coins.
Rating:
Please Rate:
(Average: Not rated)
Views: 222
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources