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How To Find The Value Of Coins October 4, 2017

Freehold, Monmouth County
How To Find The Value Of Coins, Freehold, New Jersey

By American Coins & Gold

When it comes to determining the value of coins the first thing to understand is there are multiple types of coin values.

TYPES OF VALUES

  • The “Book Value”

A coins book value is one you would see published online or in a coin catalog.  It represents what an average coin dealer would sell the coin for.

  • imageThe Retail Value

Retail value represents how much a coin dealer would sell a coin to you for.  This is less higher than the buy price because they need to make profit to stay in business.

  • The Buy Price

The buy price is lower than the book value because it represents what a coin buyer will offer you to sell your coins. 

  • The Wholesale Value

Wholesale values of coins refers to when dealers buy & trade amongst themselves.  It is also largely associated with larger amounts of coins as well.

By understanding those types of value you will be able to have better insight into the value of your coin in different situations and how it can variate.

Put Your Coin Through The 3 Value Factors

#1 COIN RARITY

 This is based on how many of a certain coin was produced and how much are still being showing up today.

#2 COIN DEMAND

A coins current demand will heavily impact its value and buy & sell prices.

#3 CONDITION

The condition your coins are in will determine whether you will get full value (mint or uncirculated) or if your coins will be sold for metal value.

imageAll of the above will help you determine value but to be 100% certain, have a local coin dealer evaluate your coins.  By having an expert that has years of experience appraise your coin, you will be able to get the most accurate buy & sell prices.

Interested in getting a free appraisal?  American Coins & Gold has 6 locations open 7 days a week!  Find your nearest location: Click Here

 

 

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