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How can you find out how much old coins are worth?

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βˆ™ 2011-01-11 21:54:28

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There are several ways. The most accurate way is to take your coins to a coin dealer. They should be able to tell you if any of your coins are of any numismatic, or collectible value. When it comes to old coins there are two main classifications:

Bullion or "junk" coins are primarily valued for their silver (or gold, or platinum) content. Things like quarters dated 1964 or earlier, war nickels (1942-1945), Peace Dollars, Silver Eagles, etc. these coins may be in good shape but simply aren't rare enough to have people collecting them. These are sold not just to coin collectors but investors who want to own precious metals.

Numismatic or collectible coins are primarily valued for their rarity, beauty or age. Things like the 1909-S VDB wheat penny is worth around 3 cents in copper content, but is worth $200 or more in collectible value. Things like key-date coins such as the 1916-D Mercury Dime may be worth a lot even in poor condition. Similarly, a relatively common coin like a 1930 Standing Liberty Quarter, may only be worth its silver content if well-worn, but if in uncirculated condition can be worth much more.

A coin dealer could best tell you if any of the coins you have fit either of the two categories. Keep in mind though that any offers a coin dealer is offering you is as a middleman, and will be lower than if you were to, say, sell your coins directly via Craigslist or Ebay, but they will be much easier to sell, especially if you don't know much about coins.

One final thing to keep in mind is to never clean your coins. Cleaning coins, especially coins of collectible value, will always reduce their value, it can turn what would be a $50 coin into a $10 coin. Cleaning your coin will never increase their grade or condition.

2011-01-11 21:54:28
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