Coin collecting is something which more people are being turned on to every year. The reasons for collecting can be because the collector wants to have a fun hobby. It can also be because the collector wants to have something which is of high value in their possession. No matter what the reason for getting started with coin collecting, it is important that you will be able to understand how to determine coin values. This is because even if you are not looking to collect coins to turn a profit, you do not want to end up with a fake or a coin which is not what it was advertised to be.
It is actually very simple to understand how to determine coin values as soon as you know what it is that you are looking for. Having the right equipment like a 10X power magnifying loop will help you in this endeavor. You will then be able to look for the kinds of things which will cause a coin to drop down the Sheldon Scale. There are three main things you will need to look for in order to determine the value that you see in a coin.
Luminescence
One of the main things which will separate a Mint State coin from an Almost Uncirculated coin is the amount of luminescence or luster the coin has. Only coins which have never been handled by human hands will still have the shine which is present right when the coin is first struck. The less luster the coin has, the less the value of the coin will be. The coin values can drop significantly even if there are no other problems with the coin. This is because the coin will simply not be as attractive to look at.
Scratches
Scratches can happen when the coin is circulated. It can also happen when the coin has been scratched by the machinery when it was struck. This is why there are different levels of the Mint State coins. While all Mint State coins have higher coin values than other grades, you will not be able to get the full value that a flawless coin would have. There is also a distinction between scratches which occur on the obverse (head) rather than on the reverse (tail). Scratches on the obverse have a much more dramatic effect on the value of the coin.
Wearing
Wearing of the coin is when the face or the obverse is when the relief of the coin is worn down. This wearing will have a huge effect on the coin values. Simply look at the amount of distinction there is in different features. The wearing happens when the coins are rubbed against each other as well as when they are affected by the environment they are in. Some coins which were stored in plastic flips from the 80s were worn down because of the PVC which was contained in the plastic. This caused them to go down in value rather than being protected.
Photo Credits: kevindooley
Originally posted 2010-09-01 08:52:25. Republished by Blog Post Promoter
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