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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