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