How to Determine the Value of Your Coins

 One of the most frequently asked questions that we receive at Atlanta Gold and Coin Buyers is “how do I determine the measure of my coins ? ” This is an excellent wonder and one that merits promote discussion. While a act of factors come into bet when determining the prize of your coins, the primary coil characteristics that affect the prize of your coins are the senesce, the condition, the mintage, and the fundamental metallic ( such as aureate, silver, platinum ). A common misconception is that all old coins are valuable. This isn’t necessarily the case ; specially with alien coins, where coins in the late 1800’s and early 1900’s are plentiful. Many of these coins are however in circulation today. Considering the relatively large mintage of these coins and the fact that they’re inactive readily available, these coins aren’t typically very valuable, with the exception of amber, silver, platinum, and palladium coins, which are constantly in requirement with collectors and investors alike. We’ll discuss the respect of the coins relative to the implicit in alloy contented in far contingent curtly. The discipline of coins oftentimes has a large determining gene in the value of coins, but not always. Bullion, junk silver and gold, and other coins that were widely circulated before 1965 are oftentimes valued based on the melt value of the coins. For exemplify, a 1964 90 % Kennedy half dollar, which by the room was the last class U.S. dimes, quarters, and half dollars contained 90 % flatware, typically sell at the same price †“ careless of the condition. The boastfully measure minted trumps the condition of the coins in this case. Older U.S. coins, specially low mintage coins, which we’ll hash out in foster detail, tend to sell at a premium †“ particularly coins in high end or uncirculated condition.

While the above factors contribute to the value of your coins, far and aside, the number of coins minted ( normally referred to as such “mintage” ) has the greatest determine factor when evaluating the measure of your coins. For example, a 1933 $ 20 St. Gauden’s gold mint and a 1943 copper penny are both valued well in excess of $ 1,000,000. The reason for the astronomic value of these coins has to do with governmental policies and the position in which the United States found itself at that point in time. In 1933, under FDR’s presidency, Congress passed a law making it illegal for citizens to own gold coins, with the exception of collectible or numismatic coins. Most of the gold coins that were minted in 1933 were melted or destroyed, but a few made their means outside of the U.S. Mint, possibly making this the most valuable mint in being.  For history buffs, we were in the middle of World War II in 1943. To ensure that we had sufficient supplies for ammunition, Congress authorized the use of steel to mint pennies, as copper was a valuable commodity at the time. As with the 1933 St. Gauden’s $ 20 gold coin, a few of these coins made their way outside of the walls of the U.S. Mint, making them extremely valuable. The death major factor in determining the rate of your coins is the underlie metallic element of the coins. Any gold, silver, platinum and palladium coins, regardless of the year, if they were issued in the U.S., a foreign nation, or are abject timbre senior high school coinage coins, are worth the value of the underlying metal. As of this write, gold is at or near its all-time high, silver is at or near a 31 class high, and platinum and palladium are highly valued relative to the historic average price per ounce of these metals. If you have any coins that you believe contain gold, silver, platinum, or palladium, take them to a reputable coin adept, such as Atlanta Gold and Coin Buyers, to have them properly evaluated and appraised. We hope that our readers will find the above information helpful, and we welcome you to contact us at 404-236-9744 or via e-mail at sales @ atlantagoldandcoin.com if you’re concern in buying or selling gold, eloquent, platinum, palladium, collectible or numismatic coins. We besides purchase these metals in early forms, such as in the class of bars, rounds, ingots, bullion, jewelry, sterling silverware and flatware, thus don’t hesitate to contact us regardless of the form of your valuables. We thank you in progress for your retainer and look ahead to earning your commercial enterprise !

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Category : Finance