How To Find out The Value Of Old Stamps
How to Find The Value Of Old Coins
Coin collecting is a fun hobby, but collectors naturally want to know the value of their coins. This can be out of curiosity, or because they are interested in coins for investment purposes. Whatever your reason for collecting, start by figuring out exactly what type of coin you have, as well as its condition. You can then reference this information against online and print value lists. If you want to get an accurate value for your specific coin(s) work with a numismatics organization and a professional appraiser.
Pin down the coin’s origin and date.You’ll need to know exactly what coin you're looking at to determine its specific value. Modern coins will include a date of issue printed on the front or back of the coin itself. They will probably also name the country of origin.
- If the information printed on the coin is printed in a language you can’t read, consult a world coin reference book or website. These will include images that will help you match your coin.
- These guides can also be used to help you determine how old coins without a printed date are.
Inspect the coin to determine its condition.The value of a coin is greatly affected by its condition. Higher quality coins are generally more valuable than ones that are blemished or dirty.
- Coins that were never used are known as uncirculated.
- Coins are rated from “mint” (perfect) condition, all the way down to “poor” (dirty or damaged).
- If you have a coin that you think might be rare or valuable, don’t attempt to clean it yourself. Take it to an expert to have it cleaned without damaging it and lowering its value.
- If a coin is severely damaged, it might just be worth the value of the metal itself.
Check coin value lists online.Some websites will make values for some coins freely available. Check with an professional organization like the Professional Numismatics Guild. Look up your coin according to its date and origin, and you may be able to find its current value.
- A number of factors (including condition and current demand) impact the amount a coin can actually be sold for, so use the value you find online only as a ballpark figure.
Consult a coin value book.If you can’t find the value of your coin online, consult a reference such as theStandard Catalog of World Coins, or theGuide Book of United States Coins. These references are especially useful because they may list several values for a particular coin:
- The “book” value (a generally accepted value of the coin)
- The “buy” value (what a dealer would pay to buy the coin from you)
- The retail value (what a dealer would sell a coin to a customer for)
- The wholesale value (what a dealer might sell the coin to another dealer for, especially when several coins are sold together)
Account for any special factors.The value of coins can go up and down, since they are driven by interests that can change. When lots of people want to buy a certain type of coin, the value may go up. Rare or unusually fine coins are often more valuable than common ones. Finally, commemorative (special issue) coins may also be especially valuable.
- Take these values into account when calculating the value of your coin. For instance, you may have a type of coin that is not especially rare. However, if it is in mint condition, and most coins of that type are not, its value may be higher than the normal “book” value.
Working with an Appraiser
Have your coin officially appraised.Professional coin appraisers can give you the most accurate, up-to-date value of your coin. They will base their appraisal on their expert opinion of the coin’s condition. They’ll also take into account what similar coins have been selling for lately.
- Membership in a numismatics group should also give you access a directory of dealers so you can find one in your area.
Go to a numismatics trade show.Coin groups may hold regular conventions when sellers can display coins for interested buyers. Dealers may also be interested in buying coins from attendees. Whether or not you’re interested in actually selling your coin, you can use this as an opportunity to determine its “buy” value.
- Talk to some dealers. Show them the coin(s) you have and ask them if they’re interested in buying.
QuestionWhat is the value of a one cent Indian head from 1904?wikiHow ContributorCommunity AnswerAbout 3-5 dollars, depending on the date and condition. Hundreds of millions of those exist, so they're not rare.Thanks!
QuestionHow can I identify where a coin is from?wikiHow ContributorCommunity AnswerUsually the older the coin is, the more valuable it is. The year the coin was made in is almost always somewhere on the coin. There are exceptions of course.Thanks!
QuestionHow do I sell a penny from 1866?wikiHow ContributorCommunity AnswerGet it appraised by an expert before selling it and then sell it online. There is a big collectible coin market.Thanks!
QuestionI have a very rare, U.S. five-cent coin made in 1913. What is the best way to determine its actual worth?wikiHow ContributorCommunity AnswerYour coin is not rare if it has an American Indian on the front and a buffalo on the back; expect about for that one. If your coin has a "v" on the back and Lady Liberty on the front, the coin is worth millions of dollars - but it might be fake.Thanks!
QuestionWhat is the value of an 1878 silver dollar?wikiHow ContributorCommunity AnswerAbout , unless it has the double tail feathers or a rare mint mark - then it could be worth hundreds. Look up rare 1878 Morgan dollar varieties online for more info.Thanks!
QuestionWhat is a dime from 1866 worth?wikiHow ContributorCommunity AnswerDoes it have double dies, or is it regular? If it is regular, then it is ranging from 0 - 1000.Thanks!
QuestionHow much is a 1715 fleet gold coin worth?wikiHow ContributorCommunity AnswerIt may be around 10 to 20 thousand dollars. It may vary depending on its condition.Thanks!
QuestionThe value of a 1890 silver dollar?daniel priceCommunity AnswerIt depends on the condition and specific coin, as it does with all coins. An 1890 Morgan dollar will be upwards of USD.Thanks!
QuestionI have a load of 1971 new two pence coins. Are they worth anything?wikiHow ContributorCommunity AnswerA lot of people are saying they are worth a lot, as that was the year the system went decimal. However, with almost 500,000,000 being made and no one knowing how many are actually circulating, it is hard to say.Thanks!
What is the current value of an Indian one quarter Anna coin of (GEORGE V KING EMPEROR) from 1920?
How do I find the value of an old gold coin?
How do I find the value of an old penny?
How do I find the worth of old gold coins?
I have some old pennies 1897,1899,1944,1967.can you tell me what they are worth.
Sources and Citations
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