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Whether you’re just starting a coin collection or have decided to sell some of your pieces, you're probably wondering how coins are valued. While the study of coins — also known as numismatics — is a complex field, there are a few basic principles that can help you figure out what you have. Here are some of the primary factors that dealers consider when determining the value of a coin.

How Coin Dealers Assess Value

1. Condition

Also known as the grade, the condition of the coin is critical to its value. In the United States, coins are graded on a scale of 1 to 70, with higher numbers indicating better conditions.

Qualities like design, luster, coloration, and damage affect the final grade. The "strike" of the coin is also significant; this term refers to how well the design was stamped. If it's "well-struck," the image was cleanly and clearly impressed upon it.

2. Metallic Content

coin collectionAs you might have guessed, coins made from precious metals — like gold and silver — are worth more and hold higher regard in someone's coin collection than those from base metals, like steel, copper, or bronze.

Most of the coins minted after 1964 are made from base metals. If you have a piece that’s older than 1965, have it examined by a professional numismatist. You might have a valuable piece on your hands.

3. Rarity

Another major factor to a coin's value is its rarity, which can be attributed to various factors like mintage, which is the number of copies of a particular design. For example, if a coin has a low mintage, it means there aren't many copies of it. Therefore, it's likely to be highly sought-after.

The presence of an error can also inflate the value. Whether there's something wrong with the lettering or the design, many coin collectors will have the defective model on their wish lists. Production of these coins was often halted after the mistake was noticed, meaning there’s a finite amount available. 

 

If you're looking to add to your coin collection or have something you'd like to sell, head to Ashmore Rare Coins & Metals. Based in Greensboro, NC, their team has served the Triad area for more than 30 years. Known for their expertise and customer service, they'll help you assess the value of your coins. Learn more about their numismatic experience online. If you prefer to speak to someone directly, call (336) 617-7537.

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