What Factors Make a Coin Collectible?

Coin collecting is more than a hobby for most collectors; it’s an important part of their lives as amateur historians. If you are researching collectible coins in Rockville, Md., start with a review of the several determining factors that influence whether a coin is valuable to other collectors.

Demand

Collectors gain and lose interest in certain coins over time, and it is increased demand from this group that makes a coin collectible. While demand varies significantly over time, it’s also the most important aspect that equates to a coin that is worth buying. If 500 coins are minted, but only two collectors are interested in buying them, that coin lacks value because the demand doesn’t exist on the marketplace.

Rarity

The most beautiful coin design might lack any intrinsic value for collectors if too many of them are in circulation. An extremely rare coin, however, might fetch four figures because so few of them were created or still exist in top condition.

Condition

Also known as the grade of a coin, condition takes into account several different sub-factors to help determine value. Condition, like rarity and demand, is one of the most important considerations as you decide whether to purchase a coin. An appraiser will look at the amount of wear since striking, along with physical damage, strike sharpness, and the piece’s aesthetics and eye appeal, along with its net grade.

Strike

Strike is a subset of condition, although it bears extra attention from the buyer. If a coin is struck well, the design highlights will be more visible and artistic. Sharp, crisp edges in a design always make for a more desirable coin.

Eye Appeal, Metallic Content and Demand

A note of warning should be applied to demand, metallic content and eye appeal. While all three can increase coin worth, they can also vary according to the market and from one buyer to the next.

If you need advice on the worth of your coins, or you want to increase your collection, contact Coins of the Realm at (301) 340-1640. You might have a hidden treasure in your own home!

Categories: Coins, Collections, Money

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Why Choose Coins of the Realm, Inc.?

  • Free storefront parking providing easy access.
  • Established in 1974 and still under original ownership and management providing decades of expertise in all aspects of buying and selling.
  • Financial Security – Since opening in April of 1974 every transaction of every size has been completed successfully without issue. Bank references available.
  • We provide accurate information in a professional no pressure environment allowing you to make sound decisions to sell, keep or buy collectibles and precious metals.