How to Know if You’ve Received a Fair Price for Your Coin Collection

We ’ ve addressed many aspects of selling a coin solicitation over the years, but one topic that we ’ ve only briefly touched on is how to know if you ’ ve received a carnival price for your mint collection. Like in any field, you rely on experts. You rely on the adept ’ randomness experience, and their honesty, considering that this is their area of expertness. Unless you are already a collector, it is impossible to educate yourself to the point of being an adept in mint collect and numismatics. however, there are some helpful tips and guidelines. If you use the tips and guidelines you can feel reasonably comfortable that the extend you received for your coin collection is bonny and competitive. In this piece, we ’ rhenium going to share with you how we evaluate and appraise mint collections. We ’ ll besides share estimated coin prices by type of coin in hopes that you can use this information when the time comes to sell your estate of the realm collection to feel sanely confident that you ’ ve received a honest price for your coin collection .

Face Value & Novelty Items

Presidential Dollar Coins The first measure a coin dealer will probably take is to separate confront value and novelty items. Next, the dealer will set the trade above their face rate. Some of the most common confront value and bangle items we come across include 50 state quarter collections, Eisenhower dollars, Susan B. Anthony dollars, Sacagawea or native american english dollars, and Presidential dollars.

additionally, Lincoln cents, unless rare dates, Jefferson nickels, most Buffalo nickels, amber, eloquent, and platinum-plated coins, common alien coins obtained during external travel, and privately issued tokens and medals are typically face value items or finale to it. The veridical work begins after separating the wheat from the chaff .

Bullion & Rare Coins

After removing the face prize items, the following step is separating the bullion coins from rare or collectible ones. Most collections have some of both, and to the casual observer, it may not be obvious which is which. Examples of bullion coins are american flatware eagles, canadian silver maple flick coins, and austrian silver philharmonics. other coins traded for their underlie flatware value are Roosevelt silver dimes, 1964 Kennedy half dollars, Franklin half dollars, and Washington quarters. 90% US Silver Coins Walking Lib Morgan Peace Dollar Standing Liberty Mercury DimeExamples of coins that may trade at higher values, depending on the year, mint mark, and condition, include Morgan and Peace silver dollars, Mercury dimes, Walking Liberty half dollars, Standing Liberty quarters, and Barber dimes, quarters, and half dollars. Examples of coins that may trade at higher values, depending on the year, mint mark, and discipline, include Morgan and Peace silver dollars, Mercury dimes, Walking Liberty half dollars, Standing Liberty quarters, and Barber dimes, quarters, and half dollars. early coins, typically issued before 1892 and that are disused or no longer used, will trade above their underlie metal content. These coins include Capped Bust and Seated Liberty one-half dimes, quarters, half-dollars and silver dollars, Trade silver dollars, large cents, two-cent pieces, three-cent pieces, previous five-cent pieces, and twenty-cent pieces. last, most certify coins from a third-party scaling service, such as NGC or PCGS graded coins, will sell above their underlying metal subject. sometimes, the extra bounty may be nominal, depending on the mint type, year, and rate. This article highlights the coins most probable to benefit from coin scaling .

Inspection of the Coins

As mentioned above, bullion coins trade for their implicit in precious metals content, so other than determining if the coins are in retail-quality discipline or are off-quality, the only early thing that your coin appraiser needs to do is price up the coins. We ’ ll discus coins ’ pricing in far detail later in this article. We mentioned above some coins that may trade at higher values based on the type, year, and condition. These are coins that deserve a far look. If they are majority coins in canvas tent bags, the premise is that another coin principal has besides inspected and sorted the coins ; consequently, the likelihood of finding a key go steady coin is not high. In these cases, your coin dealer may weigh the coins or run them through a mint buffet. however, presuppose coins are separated or individually packaged, or are complete sets in albums. In that subject, it ’ south worth seeing if any lower coinage coins are deliver in the solicitation. For model, most Mercury eloquent dimes are coarse date coins that trade for their implicit in silver medal content. however, four coins from this serial trade at a bounty, including the 1916-D, 1921, 1921-D, and 1942 over 41 dimes. Of course, all coins that trade above their alloy message, including disused coins and some of the 19th-century coins we mentioned, should be evaluated individually and priced based on the coin technical ’ randomness findings .

Pricing of Coins – Bullion

pricing will probable be less for more confuse items and less popular sets. These include Franklin Mint greatest silver medal rounds, bars, and nuggets, alien silver coins previously used in circulation, commemorative coins, and most silver medal coins that are less than .999 fine. This list includes U.S. silver war nickels and 40 % silver half dollars, which are some of the least popular U.S. silver coins. Fair Price for Your Coin CollectionOnce you’re comfortable with the pricing received for the bullion coins in your collection, the next step is to price the potentially more valuable ones. Please note that, generally, coin price guides, such as the Red Book, provide high-end retail prices and are not reliable resources when determining the value of your coin collection, at least prices you’re likely to realize. In other words, take listed prices with a grain of salt.

Pricing of Coins – Semi-Numismatic

once you ’ re comfortable with the price received for the bullion coins in your collection, the next tone is to price the potentially more valuable ones. Please note that, by and large, coin price guides, such as the Red Book, provide high-end retail prices and are not authentic resources when determining the rate of your mint solicitation, at least prices you ’ re likely to realize. In other words, take listed prices with a grain of salt. Semi-numismatic coins trade slightly or reasonably above their underlying metallic element value. For exercise, at the time of this writing, Morgan and Peace argent dollars are semi-numismatic in that they trade for above their silver message, which is .774 troy ounces.

Fair Price for Your Coin Collection

Morgan and Peace

key date or low coinage Morgan silver medal dollars, such as those produced by the Carson City Mint, can trade for significantly above their valued metals value. however, even on a park date, average condition silver dollars typically trade for slightly above their silver prize. Values of common date average condition Morgan and Peace dollars begin in the $ 20 range. Keep in mind the market is subject to change. besides, the prices realized for these coins and others are subjugate to change. If you have a lot feel with eloquent dollars, we recently published an article about four key areas to look at when selling silver dollars .

Barber

While most Barber half dollars trade close to bulk argent prices, these coins were wide traded and typically heavily circulated. In other words, it ’ randomness rare to find courteous specimens of this coin. Considering that most of these coins are fairly careworn, dainty examples will sell at a fair bounty in higher-end conditions, even if the mint is a common go steady coin. Beginning prices for higher-end condition coins are more than doubling the argent measure of the coins, with coins in uncirculated condition valuing out at $ 100 or more .

Seated Liberty

Another example of semi-numismatic coins is Seated Liberty half dimes, dimes, quarters, and half dollars. These coins were produced from the mid-19th hundred to the recently nineteenth hundred. other coins that fall in this class are $ 20 Liberty Head gold coins or double Eagles, but we ’ rhenium going to primarily limit our discussion to U.S. coins composed of eloquent and infrastructure metals. While most of these coins were minted in boastfully quantities, evening common date coins sell for above their silver value. Again, the monetary value will be based on the condition of the coin. As with Morgan and Peace dollars, some of these coins can trade at importantly higher prices if a key date, low mintage, or high-end condition coin .

Pricing of Coins – Rare or Numismatic

Rare, collectible, or numismatic coins typically trade at the highest prices. The underlying metal contented of these coins frequently has very little to do with the value. This makes rare coin pricing the most ambitious of the categories we ’ ve addressed thus far. We ’ ll briefly run through some rare or collectible U.S. Mint coins to give you an idea of potential values before selling your coin collection .

Obsolete Coins

As mentioned above, some United States coins are disused or no longer used in circulation. These coins include half cents, large cents, two-cent pieces, three-cent nickels, three-cent silver pieces, half dimes, Shield nickels, and twenty-cent pieces. The most common of these coins are large cents, two-cent pieces, three-cent nickels, and Shield nickels. consequently, these have the lowest values. many of these coins, in circulate condition, trade for less than $ 10 each. typically, the most valuable are half cents, three-cent silver medal pieces, and twenty-cent pieces. Values for these coins tend to be more in the $ 20 – $ 50 range .

Dimes, Quarters & Half Dollars

Earlier issued U.S. dimes, quarters, and half dollars are considered numismatic coins simply due to their long time. however, some of these coins can sell at substantial premiums if depleted mintage or in high-end condition. This category includes Flowing Hair, Draped Bust, and Capped Bust coins. While not always the case, typically, the larger the denomination, the higher the value and more democratic the mint. Capped Bust half dollars are the most collectible of these coins. This is partially due to their affordability and the number of coins produced. however, Draped Bust and Flowing Hair coins deal at higher values. While Capped Bust one-half dollars can trade for a little as $ 50, closely any Draped Bust or Flowing Hair coin, no matter the denomination, will trade for more than $ 100. High-end and certified Draped Bust and Flowing Hair coins can trade for hundreds of dollars, if not more .

Silver Dollars

Fair Price for Your Coin Collection 1794 Flowing Hair Silver Dollar Silver dollars, first produced in 1794, possibly the most collectible U.S. coins. U.S. silver dollars considered numismatic coins are Flowing Hair, Draped Bust, Seated Liberty, and Trade dollars. Seated Liberty dimes, quarters, and half dollars are semi-numismatic coins, while Seated Liberty silver dollars are considered numismatic coins. These coins trade wind at values of $ 150 or more. Trade silver medal dollars are more ample than Seated Liberty dollars. therefore, the silver dollar trades at slenderly lower values, with prices beginning at the $ 100 degree. Flowing Hair and Draped Bust flatware dollars are the most valuable U.S. silver dollars and craft at significant values. Values for Draped Bust eloquent dollars begin in the $ 500 rate and Flowing Hair dollars at $ 1,000 or higher. unfortunately, these are some of the most frequently forge coins. so, wear ’ triiodothyronine be surprised if your coin appraiser identifies them as replica coins and returns them to you .

Summary

In decision, we ’ ve identified some of the most common coins represented in mint collections. We provided guidelines as to how the solicitation should be separated, assessed, and valued. We besides offered some general coin price information, with the reason that values can range drastically depending on the specifics of the mint. If your selected coin appraiser approaches the evaluation of your coins similarly, including providing an itemize price list, you ’ re more likely to receive a fair price for your mint collection. however, if they don ’ t consider these factors, we recommend shopping about until you find person you feel comfortable with.

At Atlanta Gold & Coin Buyers, we thoroughly evaluate all coins in a collection to help you maximize your items ’ prize. We take the lapp set about whether we ’ ra measure or purchasing a coin collection. We are always happy to assist in any manner we can. We ’ ra members of the most respected third-party organizations in the diligence. Some of our memberships are with the American Numismatic Association, round table trade, PCGS, and NGC, to name a few. Contact us today to receive alone customer overhaul and expert advice. Atlanta Gold and Coin Buyers - Johns Creek, GA 2022

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