When you are deciding whether or not you would like to add a specific coin to your collection, one of the things that you are going to want to take into account is rare coin values. The rare coin values that you find will ultimately be determined by availability of the coin, demand on the coin, condition of the coin and also the grading for the coin.

Demand and Availability

The demand on a specific coin is going to be capable of significantly increasing the rare coin values. A common coin which is prized highly by collectors is going to have a much higher value than common coins that are sought by fewer collectors. Rare coin values often come from the fact that rare coins have much higher levels of demand in comparison to other common coins.

For example, despite their age, some older Roman and Greek coins are relatively inexpensive in nature simply because they are so abundant. You should also keep in mind that the current availability of the coin is not indicated by the number of coins that was actually minted, as there are situations where coins are destroyed or become lost, affecting the availability of the coin.

Condition

Just a very small difference in a coin’s condition is capable of making a really large difference in its price. Coins that have been used as currency can become worn naturally, and so uncirculated coins are generally capable of fetching a much higher price in comparison to the coins that have been circulated.

For example, a 1913 Buffalo Nickel that was uncirculated has been known to fetch 10 times more in mint condition than a similar coin that is no longer in mint condition because it was circulated.

There are a number of grading services that evaluate the condition of a coin in order to confirm its authenticity and value. There are four factors that are used to find rare coin values, including:

- Strike – Coins that are well struck are coins that have a distinct impression in their metal.

- Visual Appeal – Some coins have a luster that is soft and satin while others are more reflective in their surface. Some coins are actually colorful while others are plainer. Make sure that you are aware of what appeals specifically to you before you make a purchase.

- Luster - Dull coins are not as appealing as bright and dazzling luster. However, coins that have been doctored or cleaned are generally avoided by many serious collectors. If you find a coin that has a bright luster despite having been circulated, it has more than likely been polished.

- Wear - Deterioration can significantly decrease a coin’s value, including hairlines and contact marks. Wear is going to first occur on the coin’s highest points in most cases.

Photo Credits: gemteck1

Originally posted 2009-09-24 03:57:16. Republished by Blog Post Promoter

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The value of coins is a major thing which coin collectors look at when they are building a collection. This is because the value of the coin now has a lot to do with the value of the coin in the future. This is because something which is rare now will only stand to become rarer as time goes on. This is why numismatists try to hedge their bets on which collector coin values will rise in the future and by what rate. This is something which can be distinguished by getting to know the factors which control the values of the coins.

There are many different factors which will cause a coin to increase in value. Among these factors there are three which affect collector coin values more than anything. As long as you know what these factors are, you will be able to tie in everything else which happens in the economy to understand how much more your coins will increase in value over time. The main factors include rarity, grading and the government. The actions or changes of any of these factors will have a major impact on the value of your coins.

The Rare Factor

One of the most important factors in how valuable a coin will be is how rare a coin is. This trumps all when determining collector coin values because if there are no other coins like it, the grade of the coin will not matter. There is nothing to compare it to. This is why the 1933 Saint-Gaudens coin is one of the most sought after coins. There is only one available which can be legally purchased and its whereabouts are unknown. Interestingly enough, there are ten coins which are in dispute currently. If they are released back to the owner giving her the right to own them, it will destroy the value of the coin.

The Grading Factor

Dr. William Herbert Sheldon created the Sheldon Scale for grading coins in 1948. Since then it has become the standard which all coins are graded by. The place a coin falls on the scale will determine its collector coin values. The more perfect the coin is the higher up the scale it is graded and the more money it will fetch. This is why any coin which is considered to be among the Mint State coins is among the highest valued coins.

Factoring in the Government

The government from time to time will take actions which will increase the rarity of an item or will introduce new coins which will increase the focus on the original coins. Any of these actions will increase the collector coin values. Of course other changes like decreeing that all 1933 Double Eagles are legal to own would have devastating effects on the market. The coin which was once worth $8 million will suddenly plummet in price. The new going rate will be a fraction of that which will crush some collections where the collector paid a premium for the coin.

Photo Credits: monkeyc.net

Originally posted 2010-08-28 03:39:40. Republished by Blog Post Promoter

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Coin dealers, just like any other type of dealer or business, requires stock that they can sell to the public. Rather than obtaining or acquiring their stock from a factory or manufacturer however, they obtain their coins from the public instead. Classic types of rare coins have to be acquired from more advanced collectors or from auctions but lesser rare coins can still show up just about anywhere including in your normal pocket change. Below are some coins that are often ignored by your average person despite being capable of bringing in real money, should a hobbyist notice it and offer it for sale to people interested in rare coin collecting.

If it weren’t for the diligence of some rapid coin collectors interested in rare coin collecting, many of the coins in the following list would go completely unnoticed. These coins are often found by way of careful scrutiny.

• The 2004 Wisconsin State Quarter, on coins featuring an extra leaf.

On some of the Wisconsin quarters minted in 2004, there is an extra leaf either below the corn husk or at the very base of the husk. The value of these coins ranges from $50 to $100 dollars.

• The 2000-P Sacagawea Dollar from Cheerios

These coins were placed randomly in a number of Cheerios cereal boxes after being packed in protective plastic sheets. These coins exhibit more detail than the later production coins. The value of these coins is as yet undetermined.

• The 5c Doubled Monticello from 1939

This is a 1939 Jefferson nickel, and while this coin is relatively easy to find, locating the doubled die reverse is not going to be as easy. The value for these coins is between $30 dollars and $500 dollars depending on the quality of the coin.

• D/horizontal D 5 cent piece from 1942

This Jefferson coin is not the same Wartime silver alloy, but rather it is the previous variety which is a copper and nickel alloy. More than 14 million coins were minted, which was a fairly large mint for the time period. The coins struck from the die with the error are relatively elusive, but still possible to be found. The value for these coins is between $30 dollars and $500 dollars depending on the quality of the coin.

• The 1955 Double-Die Cent

This is perhaps the kind of the doubled dies, as it has spectacular doubling. They were originally discovered in coin rolls. Nearly the entire output from the improperly struck die managed to reach to circulation, so you will really never known when one of these true beauties is going to show up. The value for these coins is between $500 dollars and $1,500 dollars depending on the quality of the coin.

Photo Credits: Abhijit Tembhekar

Originally posted 2009-10-10 03:18:17. Republished by Blog Post Promoter

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Rare coins can be an incredibly important part of any coin collection, as they provide interest, intrigue, and pride to the collection itself. Some people will only have a few of these coins in their collection, while others will have a wealth of these coins. Whether you have one rare coin or a multitude of rare coins, you need to work to make sure that the coins are cared for.

There are certain actions that you must take to protect the coins in your collection, especially the rare coins that you do have. These coins have high values and should be treated as such. These are just some of the tips to consider when taking care of the most valuable coins in your collection.

Clean Them Carefully

One of the most important things for you to do to your coin collection is to clean it. The same can be said for rare coins – you need to clean them to keep them safe. A serious cleaning when the coin first becomes a part of your collection is crucial, as the dirt and grime and cause issues as far as the surface of the coin is concerned. Routine light cleanings will help to keep the coin free of any potentially damaging surface substances while keeping the coins looking their best.

Secure Them

If you have rare coins, you must keep them secure. Do not put the rare coins in a location that is easily bumped. Do not allow the coins to move freely, where they could bump up against one another. Small dings and scratches can cause serious issues as far as value is concerned, especially if the damage is in one of the important areas of the coin, like the mint location or the year. If you properly secure your coins, you will be sure to avoid any potential issues as far as bumping and scratching is concerned.

Insure Them

One of the things you must do to care for your rare coins has nothing to do with the physical aspects of the coin. You need to insure all of the rare coins that you have. This will help make sure that your coin value is insured. Should anything happen to the coin, you will not lose the value of the coin. Many fail to realize that a rare coin is an investment – should something happen to that coin, and you are uninsured, you will lose the investment.

If you are starting to collect rare coins, you are getting into serious coin collecting. You need to act like a serious coin collector if you want to make sure that your collection is secure. Taking care of the rare coins you have in your collection is imperative, as it is necessary to make sure that the coins do not lose their value at any time. Follow these tips and seek out other tips to truly understand how to care for your rare coins.

Photo Credits: kevindooley

Originally posted 2011-05-27 03:06:02. Republished by Blog Post Promoter

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Collecting currency is something that people have been enjoying for a long time. It is a way that you will be able to get to know the currency for your own nation as well as the currency for other nations. These different kinds of currency allow you to be able to enjoy the different changes which have gone on throughout history. Among the most elaborate of the currencies is that of the paper currency. If you enjoy collecting this kind of currency, it is a good idea to get to know what affects the paper money price.

To understand everything which goes into paper money price, you will need to understand many of the base concepts of collecting currency. This includes getting to know the grading system itself. You should also get to know what rarity has to do with price. Additionally, you must understand that things can change to elevate or decrease the value of the paper money that you have in your collection. This will allow you to be able to get everything that you need so that you will be able to not only enjoy your collection more. You will also be able to buy and sell with confidence.

What Makes Grading

One of the most important parts of determining paper money price is to determine the grade of the item. The highest quality when it comes to grading paper money is that of the pieces which have never been touched by human hands. These mint pieces are treasured even when they are still fairly new. As money is handled or torn, it degrades in grade. The lower the grade is, the less it will be worth. Bear in mind that even though something has a poor grade it does not mean that it is worthless.

Get to Know Rarity

There are plenty of pieces which fetch a high paper money price. This is due to the fact that they are considered to be highly rare. The rarer the item is, the more that it is worth. It does not matter whether it is terrible condition. These conditions can be created because of changes in government as well as changes in the currency. Whenever you are collecting, it is always fun to look for these because they normally have a great story as well as the fact that they are a challenge to find.

Changes to Value

It is also important to remember that changes happen all the time which affect paper money price. These changes usually involve some kind of a discovery or an event. Among the discoveries can include a highly graded rare item. This will make the lower grade of the same item worth less. Additionally, there are some rare items which will become less rare whenever a cache of the currency is discovered. There can also be changes which will cause something to be rarer based on destruction or things getting lost. Knowing this will help you to get more for your collection.

Photo Credits: shannonpatrick17

Originally posted 2011-09-14 08:49:46. Republished by Blog Post Promoter

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There are a lot of people who think that they have a very valuable collection only to find out that the collection is not worth much at all. This can come to a shock to many people when they end up getting their coin and currency collection graded. The problem people run into over and over is that they have a personal value or a perception of the value which is over-inflated from what the real value is. This does not mean that you cannot still enjoy the collection that you have, it just means that you will know the truth about its value.

If you are thinking about getting your coin and currency collection appraised, you are probably wondering what it is that makes one more valuable than the next. This is a fairly easy thing to answer as there are guidelines which any appraiser will follow when they are looking at a collection. The more you know about the value of money, the easier it will be to preserve and boost the value that your collection has.

The Effect of Human Hands

The oil on your skin is volatile and has the effect of wearing away at the coin and currency which are traded for goods every day. Even if the pieces were never actually circulated, if they have been handled by human hands to any degree it will tarnish the coin in ways which cannot be altered. Cleaning the pieces is an option which some people utilize not knowing that they are actually lowering the value of the piece even more because those who collect them will be able to know whether they have been cleaned or not. You are better off using a cotton glove to handle all pieces when they are not in protective cases.

The Rarer the Better

One of the things which will help to increase the value of coin and currency is when it is no longer in circulation and very few of the pieces are available. The age of the coin has a lot to do with how old it is as well as the period from which it originated. This is because some designs were minted longer than others. The longer the minting period, the more of the pieces you will find and the lower the value will be. Go in the opposite direction and you will find even greater value.

Uncirculated Coins Are the Best

When it comes to coin and currency, the better the condition the piece is in, the more valuable it will be. Those which are worth the most are called uncirculated pieces. These are the pieces which will have just about no marks on them. The more the piece looks like it just came from the mint, the more valuable it will be to a collector. This is especially true when talking about old and rare coins. In many cases, the appearance of the coin will make it possible for an old or rare coin to jump from a price less than $100 to a price over $1,000 by simply going up 5 or 6 grades.

Photo Credits: woody1778a

Originally posted 2010-08-23 09:17:01. Republished by Blog Post Promoter

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Silver coins are among the most valuable of the coins people collect year to year. There are a few different reasons for this. Knowing the reasons for the silver coin value to go up will help you to understand whether you are getting a good deal on a coin you are looking to purchase or if you are purchasing something which is overpriced. You will also be able to determine whether your collection is of extreme value to other collectors or just to yourself.

Rare Coins Are Worth More

Coins which are rare will go up in value by a considerable amount. You can find out how rare a coin is by checking to see how many there are known to exist. The lower the number of coins that exist, the more valuable the coins are likely to be worth in the long run. Reasons for limited numbers can be for reasons of limited production, recalls or simply being a coin which was heavily used so it was heavily lost as well. Coins like the 1804 silver dollar have less than 20 in existence and have extreme silver coin value as a result.

The Purer the Coin

Most silver coins are not made with pure silver. This is because silver has always had value. To make sure that the coins were not originally worth more than what they were struck as, they were melted and struck with other metals mixed in. These were usually sandwiched between silver layers. The more silver there is in a coin, the more it will be worth. This is both because the purer coins are rarer as well as the fact that the higher the purity of the coin, the more the silver coin value.

Grading is Very Important

One of the best ways to determine the silver coin value is to determine the grade of the coin. In general, all things being equal the grade of the coin from one level to the next will cause the value to jump two to three times. This is taking into account mars and markings which the coin might have picked up along the way. The closer the coin is to Mint State, the more it is worth. The most expensive coins are those which appear as if they have never been touched or damaged.

The Value of the Metal Itself

There are times when a coin has been forged or it has been used so heavily that it has no trade value at all. The only silver coin value you will be able to find is in the bullion market itself. This means that the coin will only be worth its weight. This is still a pretty good way to get some cash because the best forgeries still use pure silver as a way to make it appear as if the coin is worth a lot more than it actually is. While you might not have a $10 million piece, you might still have something worth a few hundred.

Photo Credits: kevindooley

Originally posted 2010-09-03 09:17:02. Republished by Blog Post Promoter

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Coin collecting is an incredibly large form of collecting, with millions of individuals around the world collecting in both novice and professional ways. There are plenty of people who want to get into coin collecting, but few who know how to actually take this type of collection seriously. Anyone who wants to be a coin collector simply needs to think about their collection and how to go about their actual collecting. This crash course in coin collecting will make it easier for anyone to jump right into the world of serious coin collecting.

Know Your Money

The first thing that you need to think about is the money itself. You need to work to understand the history of money and the money that you are seeking out. You need to be able to spot different mints and need to be able to spot some of the counterfeits out on the market. If you purchase a counterfeit, the problem is generally yours – you may not know that it is counterfeit until you try to sell it. The more you know about the money you collect, the more successful your collection will be.

Keep it Safe

You need to make sure that you are actively working to keep your collection safe and cared for. Do not attempt to wash paper bills and do not use harsh substances on coins. You want to keep them in a cool and dry place, keeping them secure to avoid any potential damage.

Know How to Bargain

If you are going to jump into the game of coin collecting you are going to need to learn how to bargain. The less that you pay for the money that you want, the more that you will be able to add to your collection over time. Take the time to practice bargaining skills and know that there is a point where you should walk away from the bargaining table and either take or leave the money.

Pay Attention to Values

It is important for you to constantly track the values of the pieces that you want to add to your collection and the pieces that are already in your collection. You are going to want to know the value of coins you are looking for as you need to make sure that you do not overpay for the coins you are interested in.

Coin collecting is not something that is hard, even for those who are professionals in the field. Coin collecting is a fun and simple form of collecting that provides a world of diversity and intrigue. Anyone looking to be a coin collector simply needs to work to better understand what their options are and what they need to know to be a serious collector. This information will help anyone to get a jump start in the world of professional money collecting.

Photo Credits: seriykotik1970

Originally posted 2010-12-24 03:54:56. Republished by Blog Post Promoter

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Coin collecting for a long time was pretty wild. You were able to make just about any claim that you wanted to about the coins you were selling and nobody would be any wiser. The first grading scales did not do much to alleviate this. This is because they were based on adjectives rather than on a numbered grading scale. It was difficult to determine a fine from a very fine because the terms were too loose. There were also gaps between the adjectives which allowed for too much play in the defining of the coin value.

Dr. William Herbert Sheldon created a scale in 1948 that us still followed by numismatists to this day. His scale was designed to use numbers rather than names to describe the different grades. While names are still used with the Sheldon Scale – as it is known – you are more likely to hear MS65, AU50, F15 or even PR01, rather than Mint State 65, Almost Uncirculated 50, Fine 15 or Poor 01 respectively. The details which surround how a coin will be graded on the Sheldon Scale are resolute. This means if you find a coin value to be based on a grade of AU52, you are likely to find that another will grade it the same way.

Cheap to Expensive

As the numbers get higher in the Sheldon Scale, so does the coin value. Unfortunately, there is not much that you can do to change the value of a coin to get a higher grade. The only thing you can do is to store the coin correctly so that the value does not drop. The difference in the grades is often significant from one grade to the next. In fact, depending on the coin, the value can jump 2 to 3 times the value of the grade below it.

A Grade You Can Believe In

One of the great things about the Sheldon Scale in terms of buying and selling collector’s coins is that you will not have to scrutinize the coin once it has been graded. This is of course assuming that you trust the seller. As long as they have a good reputation of buying and selling genuine and well graded coins, you have a pretty good chance that the coins you are purchasing will be at the right coin value.

Maintaining Value

Sustained value is something every coin collector looks for. A coin which increases in value is something every collector hopes for. The good thing about when you purchase a coin that has been graded on the Sheldon Scale is that you have a better chance of the coin at least maintaining its coin value. This will allow you to enjoy a collection which will hold the value that you have placed into it. The reason why they hold their value is because graded coins rarely lose value over time. They will either stay the same or they will increase in value.

Photo Credits: Wessex Archaeology

Originally posted 2010-08-27 03:27:57. Republished by Blog Post Promoter

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The most valuable silver dollar is the 1804 Silver Dollar with the Draped Bust. As a side note, this coin is not only the most valuable in the silver coin category; it is presently the most valuable in the world. As with any coin, there are a few different reasons for the extreme value of the coin. Taking a closer look at these reasons will help you to understand more about coin collecting in general and what factors a coin can have in order to make it one of the most valuable coins available.

Much of what makes the 1804 silver coin so valuable is the rarity of the coin. Only 15 specimens are known to exist. This is out of the less than 20,000 which were originally produced in 1804 and in 1834. The tale of the coin has a lot to do with the value of the coin as does the beauty of the coin. These are just a few of the factors which make the Draped Bust one of the most valuable coins in American history and one of the coins which stands among the most valued in the world.

Rarity of the Coin

The rarity of the silver coin has a lot to do with the value of the coin itself. This is why a coin which has only 15 left in existence is such a valuable coin While many of the coins ended up residing in Siam and Oman, the rest of the coins live in museums like the Smithsonian Institution and the American Numismatic Association Museum. There are only six coins known to exist in private collections. There have been many fakes, but because of the difficulty of reproducing such a coin, most have been discovered.

The Story of the Coin

The original 1804 silver coin was created in 1804 based on the 1803 die. This was a way for the Mint to be able to save money in order to produce the coins which were needed in circulation. Less than 20,000 of these coins were produced making them few in number to begin with. In 1834 the government reused the die but kept the 1804 date. This was confusing to many people. The coins were then given as gifts to Asian countries to thank them for maintaining trade with the United States.  Between 1858 and 1860 there were two versions of the coin which were struck by Theodore Eckfeldt. These comprise the Class II and Class III versions of the coin and were not intended to be distributed. All of the class II coins were seized by a handful of the Class III coins got out to the public.

The Beauty of the Coin

The “>silver coin was created with the intent to look beautiful and its portrayal of lady liberty on the obverse is one of the most striking features. The eagle on the reverse is also quite striking in its use of stars olive branches, arrows and other embellishments.

Photo Credits: Legend Numismatics

Originally posted 2010-08-31 09:14:25. Republished by Blog Post Promoter

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