The value of old coins varies with current demand and the maximum amount collectors are willing to pay for them. Metal prices may also be a factor. Some price guides have been established that are widely used by collectors, such as the Professional Coin Grading Service (PCGS) guide.
Whether you're a coin enthusiast or just have a few random coins you think look interesting, you may eventually want to find out what they are worth. Here are ways to determine how much a coin is worth.
To find out how much a coin may be worth, collectors may visit websites such as the Professional Coin Grading Service and CoinQuest. Another way to determine prices of rare or old coins is to go to a coin collector shop or a dealer that specializes in old coins for an appraisal. These two options ca
Simply put, a coin is a round shaped object that is also metallic. It is created with the purpose of having and transferring currency, says About.com coins expert Susan Headley.
The best way to determine which country a coin is from is by looking at the text engraved on it. Coins often show the country of origin and the monetary value. Sometimes slogans or other text that can help identify the possible origin.
As of 2014, there are eight coins circulated in the British currency system, which include the one pence, two pence, five pence, ten pence, twenty pence, fifty pence, one Pound and two Pound coins. The reverse designs on each coin is changed annually, according to About.com.
Types of coins worth collecting include high-grade coins of British India, Saint-Gaudens $20 Double Eagle gold pieces with PCGS or NGC grades, and U.S. Bust Half Dollars, as of 2011. Other coins such as high-grade Barber Quarters and Jefferson Nickles prior to 1960 are worth collecting as well.
As of October 2015, the copper in a U.S. coin is worth $2.42 per pound, zinc is worth 82 cents per pound and nickel is worth $4.77 per pound. U.S. coins that contain silver are more valuable at $16.11 per ounce.
Determining the value of a rare coin can be accomplished by contacting any number of antique coin dealers, auction houses or by looking online at coin value or grading websites. There are also coin traders who determine value in person at conventions and coin or antique shows, and some who do busine
The United Kingdom's 5-pound coin is worth five pounds in its native country. When converted to the U.S. Dollar, it is currently worth $8.34 as of August 2014. The 5-pound coin is valued at $9.11 in Canadian Dollars, as of this writing.