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Coin Collecting Values! What Is Your Coin Collection Worth?
"There are so many things that can affect the value of your coin collection. A lot of these are obvious like the condition your coin is in or how old it is. How many coins were produced is another item that will affect your coin collecting values. Other things to keep in mind are factors that are beyond your control such as how much desire there is for the coin you own.
While you do not have any control over all the things that affect your coin collecting values like the state of our economy there are many things you can watch out for.
The more knowledgeable of a coin collector you become the easier it will become to spot the winners.
Here are a few things you could keep an eye on when determining your coin collection value.
Learning how to grade your coins should be a top priority. You can and should seek the services of a professional coin grader if you are not certain of your ability to properly grade your coins. However there are a few simple steps you can take to determine your coin value. You should start with a through visual inspection. Try to decide where your coin will rank in the coin grading system.
Age is a general factor to keep in mind when determining your coins value. Generally speaking a very old coin will be worth more than a modern day coin. This does not factor in things like wear, where it was minted, the history of the coin or other essential pieces of information.
How rare the coin is has much to do with its value. It stands to reason that if there are not a large number of a coin to be had it will bring a higher price than one that can be found easily. Usually the less a certain coin was produced the more bucks it will bring if you decide to sell it.
Coins that were produced with errors or flaws in them are generally considered more collectible in the coin collecting market. Things like double-strikes or file marks can determine the coins value.
Coins that have visible wear or a defect such as nicks or scratches will often not be worth as much as the same coin in mint condition. Use common sense and experience to decide whether a defect is a profit producing error or if the coin is just worn.
There will always be fads that will come and go away. Sometimes your coins will bring you more profit than other times. This is not under your control so do the best you can and sell your coins when conditions are best if you can.
Do your research and you will find yourself being able to more accurately determine your coin collecting values."