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How to understand the attributes that make coins valuable
by D. L. Crane
Informing
yourself how to understand about what makes
coins valuable will help you in the coin
collecting industry.
A lot of people believe that acquiring any
silver dollar means you are sitting on a
bombshell.
Actually there are many grades of
Morgan
and
Peace Silver Dollars which are quite common so their value
isn’t very high.
Coin
Evaluation is a very important skill to all
collectors. It is very important to draw a fine
line between “Price and
Value”. The Price of a
coin is what a collector would pay for the price
of that particular coin; the Value is the asking
price by the collector.
Here are some tips on understanding the coin
attributes that makes coins valuable:
1-The condition of the coin is one of the things
that sets the
value of a coin.
2- The Value of the coin is determined on how
well it was originally struck, how well the
metal has been kept, if it is an
MS65
<> MS70
or PR69
<> PR70
grade and if the coin has any wear marks.
3- Look for
Proof coins, these coins is specially
minted coins with highly polished dies, which
finishes off the coin with a
mirror like
surface.
4- DCAM coins are proof coins that
usually have a frosty surface with a mirror like
surface around the portrait. Looking for these
types of coins will proof beneficial to the
collector.
5- One of the major factors in determining the
value is the amount of
Gold or
Silver the coin
contains.
5- The Mintage of a coin is also a very
important thing to consider
6- Invest in a
coin dictionary, these
dictionaries carry a glossary of coins and helps
collectors determine the value of coins easily.
7- Invest in a
Red Book or
Blue Book to learn even more about your
hobby
What makes a coin valuable?
Coin values are based on
Mintage,
Rarity,
Grade and
collector demand. Rare low mintage coins nowadays
are at a high demand. When searching look for rarity
and how many of those still exists today.
Relative rarity is what brings demand, a
particular date and mintmark from a more popular
series. Popularity can apply to the coinage of
entire countries as well.
A coin is graded on its present condition or
state it has been kept in and if it has been
preserved the way it was minted.
While the date and
mintmark can be determined by
a beginner and coin mintages information can be
obtained with a little research, an experienced
numismatist is essential to evaluate a coins
grade. Before pricing your coins, grading is a
must.
Rarity: the
determination of how common or rare a coin is.
Mintage:
the quantity made or minted of a coin.
Go to
www.BestCoin.Com for a Free Coin Guide and
More Coin Collecting Information.
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