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.
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.
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.
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 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!