| Collecting coins is one of the most fun, interesting | | | | values. |
| and rewarding hobbies there is. Aside from the | | | | Coins with higher grades fetch higher prices. Coin |
| thrill of searching for hard-to-find coins, another | | | | grade is determined by the condition of the coin. |
| interesting and rewarding aspect of coin collecting | | | | Note that coins are circulated in countries for |
| is determining old coin value. | | | | commerce. However, aside from coins for |
| For example, you have just stumbled upon an old | | | | circulation called "business strikes", some |
| coin dating back to the 1920s at your neighbor's | | | | governments produce special pieces for collectors |
| garage sale. It looks valuable and you decide to | | | | and official presentations. These uncirculated coins |
| buy it and resell to coin collectors. The thing is, | | | | are referred to more popularly as "proofs", |
| you have no idea as to what it is worth. | | | | "proof-likes" and "specimens". They retain their |
| The easiest way would have to be checking it | | | | flawless condition due to careful handling and |
| online. Currently, there are many sites online that | | | | packaging. |
| provide helpful information on determining the real | | | | Another factor is the demand of such coin from |
| value of old coins. For beginners, some sites | | | | collectors. This means that some coins, albeit |
| categorize values by the coin type, date of | | | | more in number, might have higher values |
| issuance and the estimated value. Most even have | | | | compared to scarcer coins, largely due to the fact |
| pictures, which make for easier referencing. | | | | that the former are more popular among coin |
| Half-cents dating back to 1793 can fetch | | | | collectors. |
| anywhere from US$500-5000 while silver | | | | Last but not the least, a coin's quality is significant |
| commemorative coins are valued at anywhere | | | | in determining its value. Quality refers to a coin's |
| between US$5 and US200. | | | | characteristics such as survival condition, |
| The basic idea is that there are a number of | | | | execution, minting and overall aesthetic effect. |
| factors that determine old coin value. For one, the | | | | Coins of poor quality lack luster, are discolored |
| more scarce or rare the coin, the higher the | | | | and uneven. |
| value. So it does not follow that the older coins | | | | The above mentioned tips are just general guides. |
| are much more expensive than newer ones. The | | | | In the end, especially if you have potentially |
| 1933 US$20 double eagle gold coin is the most | | | | valuable coins, it is best to consult an expert's |
| expensive there is because there is only one of | | | | opinion to avoid being shortchanged should you |
| its kind, as compared to the thousands of Chinese | | | | consider to sell them personally. If you happen to |
| coins dating back to the early centuries. | | | | opt to go to a coin dealer to sell your collection, |
| Another factor is what they call the bullion value, | | | | ask for an expert (which is part of their service |
| which is determined by the amount, or value of | | | | package) to truly determine the real old coin |
| the precious metals it contains. Coins are | | | | value. |
| categorized as either gold coin values or silver coin | | | | |