Many people just beginning their adventures in coin collecting may not
understand why some coins bring in more interest over other coins. Collecting
of any kind can come down to a few different factors that help determine
a collectible’s value.
The Condition of the Coin
determining factor in a coin’s value comes from its condition, also called grade. Coins are typically graded
through a scale of 1-70. The closer a coin’s grade is to 70, then
the more valuable it will be. Many collectors and appraisers will grade
a coin by various means. Typically, they will look for the shine and color
of a coin, as well as any damage that might have occurred to it. Some
amateur coin collectors may think they need to clean coins to improve
its grade. This is a mistake. Often, some coins will actually degrade
in value if they have been noticeably cleaned or altered.
The Market Demands
Any sort of sellable item is only as good as its demand. A coin or stamp
is not monetarily valuable unless someone wants it. Due to market demands,
coin values can fluctuate over time or due to world or political events.
For example, many collectible coins may have been initially deemed undesirable
because of a defect or flaw in the metal composition. Over the years,
though, these coins become valued by collectors because they are different
from everything else in their collections.
The Coin’s Rareness
The rarity of any collectible will almost always be reflected in its value.
Rare coins are very popular among collectors because they are incredibly
difficult to get find. The harder a coin is to find, the more valuable
it becomes. No matter the market demands, if a coin is rare, most collectors
will pay top dollar for it.
Coin collecting has never been more fun than with Coins of the Realm, your coin dealer
in Rockville, MD. If you need help identifying a coin’s value, please
call our appraisers at (301) 340-1640.