What Are Factors That Affect The Value Of Coins?

Source: lottery scratcher  author:   Time: 2013-03-19

When one is just starting in coin collecting, often the first question is: “What is the value of the coin?: and the answer is that the coin will cost as much as you are willing to pay for it and the amount can vary considerably.  For instance, a coin dealer’s offer can be much less than a coin collector that certainly wants your coin badly to add in his collection.

The following are factors that can influence the true value of a coin.

1.  Grade or condition of the coin.   Your coin will be worth or valued more when it is in good condition.  When in a perfect or unblemished mint condition, an “uncirculated” coin will be worth many times more than a similar coin that has been in circulation.
2.  The rarity of a coin is the principal basis for a coins value. Generally, the rarer that a coin is found to be, the higher it is priced.  Do keep in mind that rarity has very little influence on the coins age.   Chinese coins are a thousand years old normally sell for about ten dollars since there are so many of them; while a  “1913 Liberty Head Nickel”  can sell for up to or over a million dollars because only five specimens are known to be in existence.
3.  Bullion value. A coin's precious metal content can determine its value. A platinum, silver or gold coin will not, in general sell for less than the coins value when melted.
4.  Demand.  There are coins that are greatly in demand; sought after by many collectors, and if that a particular coin is in great demand  the price will be even higher.  Even comparatively plentiful coins can mandate higher value when they are popular with coin collectors.

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