An old coin's value can be determined by checking the U.S. Old Coins Identification chart for coins from the United States and the U.S. Coins Red Book for coins that are not on the chart, according to About.com. Coins that are not found on the U.S. Old Coins Identification chart are likely commemorative coins.Continue Reading
In U.S. coin collecting, commemorative coins are defined as special non-circulating coins provided by the U.S. Mint, states About.com. Collectors usually buy these at prices that are significantly above face value, including surcharges that support a program related to the coin's subject. Commemorative coins, particularly non-U.S. coins, commemorate a person, place or event and are typically issued for one year only.
About.com notes that old coins coming from other countries can be identified through the language used on the coin. Generally, if the old coin does not have a country name and denomination, it may not be an official government coin. If it is difficult to determine the origin and value of an old coin, About.com recommends taking the coin to a coin dealer. However, it is important to be careful when selling old coins, as many dealers attempt to buy such coins at prices lower than their real value.Learn more about Coins & Currency
Websites dedicated to coin collecting and coin enthusiasts, such as Coin Values, provide current value information for 1943 steel pennies. Coin Value's chart includes all known variants and conditions, so that each penny can be individually evaluated and valued.Full Answer >
Some rare U.S. coins a person might find in his coin jar include the 1995 double die penny, the 1943 steel penny and the "In God We Rust" 2005 Kansas state quarter. Other rare coins include the Ben Franklin half dollar and 1942 to 1945 silver nickels.Full Answer >
Good places to buy silver coins include directly from banks and at coin shops. Many websites also sell silver coins, perfect for investors.Full Answer >
Rare and valuable coins should always be sold to reputable and knowledgeable coin dealers. This ensures that the sales result in a fair and appropriate payment for any coins that change hands.Full Answer >