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A Coin is Worth More Than a Coin
Coin collectors, old and new, have always
wondered whether the coin or coins they have in their possession
are worth more than the face value today - or in the foreseeable
future.
Even though that a coin which has little or no value monetarily
is not necessarily one would not keep or make part of one’s coin
collection.
The following are basic factors which could influence a coin’s
value.
How rare or un-rare is it?
Generally, the concept that everyone knows and follows is this:
the rarer a coin the higher the coin’s worth. This rule is true
in some cases and – fortunately or unfortunately – false on the
others.
There was a situation where a Chinese coin, a thousand years
old, sold for only a few of dollars because there were many of
the thousand-year-old Chinese available. Compare this to a coin
made only in 1913, a nickel specifically called a Liberty Head,
which could sell for (hold your breath) one million dollars! It
is known that only five of these coins exist, consequently the
enormous monetary value.
Is the coin in good condition?
The better the condition of the coin, the better the price that
it would bring on the market, because the grade of the coin
would match its condition. A coin that is in mint condition -
add to this that it is basically an uncirculated coin – is
actually worth one hundred times more than a similar coin that
is just in average circulated condition.
Demand and supply
Sometimes, when the demand for a specific coin is high, that
coin’s worth – despite the number of them available – is just as
high.
Take the example of the coin dated 1916-D, and compare it to the
value of a coin dated 1798. Many people prefer to collect coins
of the 20th century rather than those that are from the 1700’s.
The 1916-D dimes sell higher than the much older 1798 coins. The
fact that there are more (approximately four hundred thousand)
1916-D coins than there are dimes from the year 1798 (only about
thirty thousand), does little to affect the price of each.
It is best to have a professional coin dealer grade the coin(s)
and determine the value of any coin(s) you may own. Who knows,
it could be worth more (or less) than what you think.