WHAT’S MY COIN WORTH

WHAT’S MY COIN WORTH

As I had mentioned in a previous article the worth of a coin is a rather subjective thing. I guess the short answer would be: “the amount a ready and willing buyer was prepared to pay you for it.” I guess the hardest part is for you to determine the grade and condition of your coin as this can affect the value greatly. Coins graded and sealed in slabs are normally the easiest to satisfy the buyer and the seller’s as to its condition.

There are several ways of determining a coins value:

1>  E-bay provides a place on their selling page that allows you to enter the date and description of your coin and after a short search it will give you the three week average sale value along with the number of coins of that type that have sold on e-bay.

2>  You can visit some of the auction sites and they will give you a running history of the amounts that particular coin has sold for at auction

3>  You can refer to a valuation guide such as the “PCGS” value tables. Here you can find most coins along with their values based on the grade of each coin.

4>  You can visit E-bay and on the search page enter the coin in question to get a list of sellers.

5>  You can book mark a few of your favorite sellers and check their sites for values, and even purchase the coin right there. (I’m hoping you will go to my web store)

6>  You can subscribe to a coin newsletter and get weekly or monthly updates as to coin values (this requires a paid subscription)

The large auction companies can also give you an idea of your coins worth and they will auction or consign your coin for you.

Please visit my E-Bay store at:  http://stores.ebay.com/Coin-Shop-Liquidators

 

ROLL-ING IN COINS

ROLL-ING IN COINS

Collecting individual coins can be a great deal of fun as well as being profitable. Another important part of your collection should be purchasing coins and rolls. You can purchase coins and rolls of 12, 25, 40 , and 50.

Coins in their original rolls tend to remain in very good condition. They frequently exhibit fewer scratches and gouges, as opposed to coins that come from mint bags. Buying coins in rolls is a convenient and economical way to add to your collection.

Opening an old roll of coins is kind of like opening a present. It is kind of exciting to tear open a roll, and examine the condition of the coins inside. You can sometimes determine the condition of the coins before opening the roll by examining the exposed coins on either end.

You can purchase old rolls of coins from many sources for reasonable prices. You’ll also notice a discount on a per coin price as opposed to buying the coins individually. At that point can keep or resell the roll, or open the roll and silver coins individually. There is often very good upside potential in using this method.

Some people prefer the buy and hold method. You can purchase a new rule of coins directly from your bank at face value. Or you can buy a relatively new role of coins from a dealer for a small premium. You may like to purchase these rolls and simply store them away until a future date.

Almost without fail we can expect to see appreciation on a roll coins. Remember they will always be worth the face value and possibly a lot more. As an example here a few recent rolls of coins along with their face value price and the current PC GS estimated value.

1979 –d state quarter: initial worth- $.25               value today   $7

1964 Kennedy half:       initial worth- $.50                value today  $12

2007- P Washington     initial worth- $1.00              value today  $8

As you can see each of these coins is worth significantly more today than it was when minted not too many years ago. Older rolled coins that remain unopened can be worth much more.

Please visit my eBay store at:   http://stores.ebay.com/Coin-Shop-Liquidators

 

Thanks…… Carl C.