Tom Luxsox Coins

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What Affects the Value of a Coin ?

When just beginning in coin collecting, often the first question is: “What is the value of my coins?: and the answer is that the coin will cost as much as you are willing to pay for it and the amount can vary greatly. For example, a coin dealer’s offer can be considerably less than a coin collector that really wants your coin badly to add in his or her collection.

Here are some factors that go into finding the true value of a coin.

1. Grade or condition of the coin. Your coin will be worth or valued more when it is in good condition. When in a perfect or unblemished mint condition, an “uncirculated” coin will be worth many times more than a similar coin that has been in circulation.
2. The rarity of a coin is the principal basis for a coins value. Generally, the rarer that a coin is found to be, the higher it is priced. Do keep in mind that rarity has very little influence on the coins age. Chinese coins are a thousand years old normally sell for about ten dollars since there are so many of them; while a “1913 Liberty Head Nickel” can sell for up to or over a million dollars because only five specimens are known to be in existence.
3. What is the Demand? There are coins that are greatly in demand; sought after by many collectors, and if that a particular coin is in great demand the price will be even higher. Even comparatively plentiful coins can mandate higher value when they are popular with coin collectors.
4. Coin Bullion value. A coin's precious metal content can help determine its value. A platinum, gold or silver coin will not, in general sell for less than the coins value when melted.

For example, “1916 D dimes” are much more common than the “1798 dimes” yet in spite of this, “1916 D dimes” sell for so much more because there are many more individuals collecting 20th century dimes than 1700 dimes.

Here’s how you can determine the approximate value of your coin:

1. Properly, accurately, and correctly recognize and classify your coin, and know the to place value on that coin. You can do this successfully by examining your coin in a catalogue or online with the “coin price guide”; this will give you an idea of the going rate and price of your particular coin and you can determine the approximate value of your coin.

   Everyday coin values are changing; so you need to use a “coin price guide” that is updated on a daily basis to obtain the current coin value. Look at online sites that offer step by step guidance on how to recognize your coin the proper way.

2. Grade your coin based on your thorough observation and examination of its current condition.
   
3. Consult coin catalogues for a list of retail prices in or estimates of your coins retail value. “A Guide Book of United States Coins”, popularly known as "The Red Book" to coin dealers and collectors, provides information on retail coin prices for US coins and is available in libraries, coin shops and bookstores. “The Standard Catalog of World Coins” (in volumes) is a guide commonly used by coin dealers and collectors as well, to provide information on world coins and is available in many public libraries.

You can also check current coin prices by basing it on the actual dealer coin price found in magazines and newspapers or online auctions such as Yahoo, Coin World, eBay or Teletrade.

Always keep in mind that you are not collecting coins primarily for money; you collect for enjoyment and self gratification, and profit is to be last consideration. The plain fact that a certain coin does not have a large monetary value, does not necessarily suggest that it is no longer interesting or fascinating or that it must not be included in your collection.

Each coin will have a certain interest in itself, regardless of the condition that it is in and regardless of its monetary value. There will always be a certain characteristic that will draw you to that particular coin; so when it does, then you should have it in your collection. Good luck!

About the Author

Mandy has been writing stories and articles from a very young age on any flat surface she could find. She also collects coins, specifically Morgan Silver Dollars.

Unusual World Coins $54.99 From creative minds worldwide have come fantasy coin issues never listed in any other comprehensive reference. Unusual World Coins includes thousands of issues spawned from the non-circulating legal tender boom, but not fitting into the realm of legitimate coinage. Here you'll find coins used by the inhabitants of Middle Earth in The Lord of the Rings. These are real coins, created by Tom Maringer of Scottsdale, Ark., based on reference to coins in the trilogy. Unusual World Coins features: Expanded Page Count: to accommodate over 7,000 photos Clear images of coins Detailed descriptive listings Over 12,000 accurate market values

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Unusual World Coins: Companion Volume to Standard Catalog of World Coins $45.64 From creative minds worldwide have come fantasy coin issues never listed in any other comprehensive reference. "Unusual Coins" includes thousands of issues spawned from the non-circulating legal tender boom, but not fitting into the realm of ?legitimate? coinage. Here you?ll find coins used by the inhabitants of Middle Earth in "The Lord of the Rings." These are real coins, created by Tom Maringer of Scottsdale, Ark., based on reference to coins in the trilogy. "Unusual World Coins" features: Expanded Page Count: to accommodate over 7,000 photos Clear images of coins Detailed descriptive listings Over 12,000 accurate market values

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Catalogue of German Coins Gold, Silver and Minor Coins Since 1800, with Their Valuations $31.03 Here for the first time in the English language is a priced presentation of all the coins of the many German states that have been issued since 1800. The gold, silver and base metal coins of each kingdom, duchy, principality and city are listed chronologically with all the denominations of each issue together. Collectors will find here a catalog number for each coin type, the inclusive dates of issue and the metallic content. Legends and inscriptions. are translated into English and special footnotes explain the significance of unusual issues, the reasons and occasions for commemoratives, etc. Retail values based on auction records and dealers' price lists are shown for each listing. This catalog, one of a series of volumes covering the world's coinage, ("Catalogue of Scandinavian Coins" was the first), was also published in other languages. Historians and students will find this book particularly valuable since the history of the German nation is mirrored in its coins. This is the latest in a series of coin books reprinted by Ishi Press. For this we must thank Mario L. Sacripante, an avid collector of coins, who has loaned us coin books from his private library for these reprintings.

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A Kid`s Guide to Collecting Coins (Paperback) $20.56 Start your own coin collection! It`s fun! Search for coins to complete your own special coin puzzle. It`s affordable. Spend as little as 1 cent to start a hobby that can last you the rest of your life. And you can learn all you need to know right here. With lots of images, how-to`s and handy tips, you will get all the tools you need to start your collection today. Pick up cool facts and tricks that will impress your friends and family. Learn the answers to questions like: How are coins made? What do the "P" and "D" on coins stand for? Why is it called a nickel? A Kid`s Guide to Collecting Coins can help you join the ranks of 140 million Americans who are part of the "hobby of kings" -- coin collecting.

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