What is the value of old gold coins?

Answer 1

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.

Answer 2

You need to know several things before you can determine a coin's value. Assuming they're U.S. coins, you need to organize them by denomination, date, mint mark, and how worn it is.

You can use a site such as www.coinfacts.com to find out where the mint mark position is for each denomination, and what letter(s) may or may not be present.

If you only have a few coins, post a separate question here for each coin with the details listed above.

If you have a lot of coins you can either look at a site such as http://numismedia.com/fmv/fmv.shtml or go to the library and see if they have a copy of the Red Book or Krause guide to coin prices.

Answer 3

There are old coins worth millions of US dollars, as well as old coins worth less than one US cent - as is the case with so many things in life, it depends.

A description of the coin sufficient to identify it (country of issuance, denomination, year of issue, mintmark), as well as the coin's condition, all figure in to determining its value.

Answer 4

The simple answer is "it depends." In general, older coins are more likely to be more valuable than more modern coins simply because there are fewer of them, but there are many exceptions. Bottom line, you have to check each date and denomination separately.

Answer 5

Go to PCGS.com. They provide a chart under Photograde option. Pick out your coin and compare to the pictures provided. This will give you a ballpark grade. If your coins are copper, be aware that they degrade over time. Look for pitting and environmental degradation. This will seriously affect the value of the coin.You can also bring your coins into any coin dealer and they will provide an opinion for you.

Answer 6

The value of old gold coins can vary depending on factors such as condition, rarity, and demand. Some coins may be worth their weight in gold, while others may have numismatic value that can significantly increase their worth to collectors. It is best to have them appraised by a professional numismatist or coin dealer to determine their specific value.

Answer 7

Post a new question with a good description of the coin such as the date, denomination and any wording on the coin.

Answer 8

The value of an old coin depends on the age, the size and the condition. Old gold coins range from $150 for a very small one to 10 or 15 thousand for a rare one in excellent condition.

Answer 9

There are dozens of sites. Two particularly good ones are PCGS.com and Numismedia.com