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What else can I help you with?
How can you get a coin valued?
To determine the value of a coin, several factors need to be considered, including its metal content, condition, rarity, and demand among collectors. Here are some steps to help you evaluate the value of a coin: 1) Identify the coin: Start by identifying the coin's type, denomination, date, mintmark, and any other distinguishing features. This information can usually be found on the obverse and reverse of the coin. 2) Assess the condition: The condition of a coin plays a significant role in its value. Coins are graded on a scale from poor to perfect, with various grades in between. The higher the grade, the more valuable the coin is likely to be. Look for any signs of wear, damage, or cleaning that may affect the coin's condition. 3) Determine the metal content: If the coin is made of precious metal, such as gold, silver, or platinum, its intrinsic value will be tied to the current market price of that metal. You can check the metal content and weight of the coin in reference materials, online databases, or by consulting with a reputable coin dealer. 4) Consider rarity and demand: Some coins are rarer than others, and rarity can significantly impact a coin's value. Coins with low mintage numbers or those that are in high demand among collectors may command higher prices. Research the historical production figures, rarity, and market demand for the specific coin to better understand its potential value. 5) Seek professional appraisal: For a more accurate assessment of a coin's value, it's recommended to consult with a professional coin appraiser or a reputable coin dealer. They have the expertise and experience to evaluate coins and provide an informed estimate of their value based on market trends and other relevant factors.
Your 1926 quarter has a m on it What is the value?
The "M" that you see is the designer, Hermon MacNeil's monogram and is on all Standing Liberty quarters the Mintmark (if any) is to the left of the date. Assuming the coin is circulated, the 1926 is a fairly common date of the series. For an accurate assessment of value the coin needs to be seen and graded. Most coins of this type have seen heavy use and show a lot of wear. In general retail values for low grade coins are $5.00-$7.00, better grade are $12.00-$33.00 and coins showing almost no wear run from $67.00-$106.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched or have been cleaned have far less value if any to a collector or dealer
How can you trust a coin dealer to buy your Morgan silver dollars at fair market price?
Take them to more than one dealer for an assessment and research your coins to get a idea of the value, most dealers make fair market offers but they have to make a profit on any thing they buy and may have to keep a coin a long time before it sells. It also depends on the quality of the coins and how many you have, low grade and common date coins are slow sellers.
What is the difference between face value and book value?
The face value of any coin or stamp is simply its denomination. The face value of a $5 bill is $5, the face value of a 44¢ stamp is 44¢, etc. The term "book value" is a bit soft when referring to collectibles, because collectibles can have multiple values: First, there's the auction value, the price that an item will sell for when people are bidding against each other for a specific item. Usually this applies only to very scarce items where there isn't a broad market for them. Next there's the retail value. That's easier to determine when there are many examples of a particular item because the marketplace tends to level out what people are willing to pay. For example, the retail value of a Lincoln cent with a particular date, mint mark, variety, and condition (e.g. a 1909-S VDB) may be about $750 because. while they're scarce, there are still enough of them that the amounts people are willing to pay start averaging out; that's the way an open market operates. Then there's the wholesale or buyer value. A dealer who sells a collectible item needs to make a profit. That means when they buy an item for later resale, they'll pay less than the price they sell it for (i.e. the retail price). Finally, at least for coins there's what's called their intrinsic value, metal value, or melt value. That's because most coins are made of metals that themselves are bought and sold on the open market. Coins made out of common metals such as copper, zinc, or nickel have very low intrinsic values. However older coins made of gold or silver can be worth much more than their face value because those metals have gone way up in price since the time the coins were minted. For example, as of 04/2011 silver is about $41 an ounce on the spot market so an older silver dollar that contains roughly 0.77 oz of silver would have a melt value in the $30-$32 area. But even here, that's retail - wholesale might be $24 to $27 because again the dealer has to make a profit!
Three characteristics of liquid assets?
For assets to be liquid:Established value - that endures various marketsIt must have a stated value that exists in any market local or otherwiseEasily portable- meaning it is highly transferableIt can't be restricted from transferring to other partiesIt can't be limited by third party obligations or attachmentsDiverse- meaning presence of worth in any market place at any time.It's value has presence in any local or foreign marketIt's value must be constant regardless of time doesn't depreciate or become worthless.One prime example is gold, silver or currency backed by gold in established secured system - coin is a prime example (precious metal weight value and minted age collection value). Gold or silver coin has either a metal value or if this is low then rarity via mint age collectors value.
How are coins found using a metal detector?
Coins are found by the detector sending a pulse which picks up metal signals. Now there are two types a low frequency and a pulse indicator, the low frequency is used to pick up deeper objects
Coins of low value?
Small change
Why are coins made of nickel silver and copper?
Many years ago coins contained their value in metal. That is, a 1 dollar, 1 franc, 1 ruble, etc. coin contained one dollar, franc, or ruble's worth of metal. Copper is an abundant and readily-worked metal so it was used for low-value coins. Medium-value coins were made of silver, usually with a bit of copper mixed in to make the coins more wear-resistant. Finally, high-value coins were made of gold. The relative values of each metal allowed coins to be made in convenient sizes while containing their worth of each metal. For many reasons - economic growth that outstripped metal supplies, inflation, political interference, and other things - it became more and more difficult to use precious metals in coins. In many countries, including the US, the metal in coins became worth more than the coins themselves which led to people melting coins. For example at one point in the 1960s it was possible to melt $10 worth of US quarters and sell the metal for $300 to $400. Starting in the 1920s and extending into the 1970s most countries stopped minting coins out of precious metals. Copper remained inexpensive so low-value coins continued to be made from that metal, while nickel replaced silver in medium-value coins. Nickel has characteristics that make it useful for coins: it's abundant, has a color that resembles silver, and is very wear-resistant. Other metals such as, brass, zinc, and steel have also come into common use in coins. Many countries now issue brass coins because like nickel it holds up well in circulation and its golden color is easily distinguished from nickel and copper coins. Steel and zinc have come into use as a replacement for copper in very low-value coins because even copper is now too expensive for small coins. Both metals react to oxygen, however, so steel and zinc coins are normally plated or coated with another metal to prevent oxidation.
Why are coins different colors?
Today different colors are used to make it easier to identify coins that are similar in size but with different denominations. That practice is inherited from a time when coins had to be made of metal that was worth roughly the same as its denomination. For example, a US dollar contained about $1 worth of silver, a British pound contained about £1 worth of silver, etc. Copper was used for low-denomination coins because it's inexpensive, silver was used for intermediate-denomination coins, and gold was used for high-denomination coins. Today many countries imitate that pattern by using copper or copper-plating for low-value coins, silver-colored alloys for middle denominations, and gold-colored alloys for high-value coins.
Where do you find the value of some old coins?
It depends on what type of coins you have. If the coins are collectible coins, that is, old, high grade, and desirable, the best place to find the value of them is in the Red Book coin guide or take it in for an estimate by a coin dealer. On the other hand, if what you have are low-grade, common coins primarily for their bullion value, I will include Coinflation which is a website that shows the precious metal content of pre-1965 US coinage and Canadian coins in the related links. You might also want to check Ebay for what people are paying for the coins you have. Keep in mind that you should never clean old coins because that destroys the value of them.
Why did they start making copper pennies?
Copper has been a popular metal for many items since near-prehistoric times. It's common, inexpensive, comparatively easy to mine and smelt, can be worked easily, yet is durable in daily use. In the days when coins contained their actual value in metal, copper was a logical choice for low-denomination coins. It was used in English coins centuries before the U.S. began making copper half-cents and cents.
Why are some US coins smooth and others with ridges?
Those ridges date back to when some U.S. coins were made of silver or gold. Without reeding (the ridges), it would be easy for someone to scrape off shavings of the metal to keep, and then the coin wouldn't contain its full value of metal content. Cents and nickels were of such low value and lacking precious metals that reeding was unnecessary.
Why is gold silver copper used to make coins but not magnesium?
Silver became too expensive to make coins from, for many countries, during the 20th Century. Low denomination coins are traditionally made from copper, but copper has also become too expensive and many of the coins that were made from copper have either been dropped from their respective currencies as useless due to inflation or, have been made from a cheaper metal such as steel or aluminium.
Which metal do you think is useful to make coins copper-nickel or alumiium-magnesium or zinc or lead?
Copper, nickel, aluminum, and zinc are all used in different coins around the world. Copper in particular has been used for low denominations for hundreds of years. Lead is NOT used, as it is toxic to humans. Magnesium isn't a viable option because of its low burning temperature. No mint is going to produce flammable coins.
What is the value of a 1950 Australian gold Penny?
No Australian Penny has ever been minted in gold, they were made from bronze. If you have a gold Penny, it will be because somebody has gold plated it, perhaps to commemorate or celebrate a significant event for somebody. Modified coins have no collector value.
What did the Romans use copper for?
Copper was used for low value coins, and as the major component in bronze which they used in statuary, weapons, armour, utensils and a host of minor adornments and utilitarian uses.
1804 us silver dollar value if it is fake?
Counterfeit coins are worth about as much as the (usually) low-quality metal that they're made of. 1804 dollars are among the most frequently faked coins because real ones are worth millions, but all of those have been accounted for.
