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 alone briefly touched on is how to know if you ’ ve received a honest price for your coin collection. Like in any field, you rely on experts. You rely on the expert ’ second 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 luff of being an expert in mint roll up and numismatics. however, there are some helpful tips and guidelines. If you use the tips and guidelines you can feel sanely comfortable that the volunteer you received for your mint collection is fair and competitive. In this slice, we ’ re going to share with you how we evaluate and appraise mint collections. We ’ ll besides share estimated coin prices by type of mint in hopes that you can use this information when the time comes to sell your estate collection to feel sanely confident that you ’ ve received a honest price for your coin collection .
Face Value & Novelty Items
The first step a coin dealer will probable take is to separate face value and freshness items. Next, the dealer will set the trade wind above their face respect. Some of the most coarse expression measure and novelty 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, aureate, flatware, and platinum-plated coins, common extraneous coins obtained during international travel, and privately issued tokens and medals are typically expression value items or close to it. The substantial bring begins after separating the wheat from the kid .
Bullion & Rare Coins
After removing the face value items, the following step is separating the bullion coins from rare or collectible ones. Most collections have some of both, and to the casual perceiver, it may not be obvious which is which. Examples of bullion coins are american english silver eagles, canadian eloquent maple leaf coins, and austrian silver philharmonics. other coins traded for their implicit in silver medal respect are Roosevelt argent dimes, 1964 Kennedy half dollars, Franklin half dollars, and Washington quarters. Examples 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 condition, include Morgan and Peace ash grey dollars, Mercury dimes, Walking Liberty one-half dollars, Standing Liberty quarters, and Barber dimes, quarters, and half dollars. other coins, typically issued before 1892 and that are disused or no longer used, will trade above their underlie metal capacity. These coins include Capped Bust and Seated Liberty half dimes, quarters, half-dollars and silver dollars, Trade silver dollars, big cents, two-cent pieces, three-cent pieces, old five-cent pieces, and twenty-cent pieces. last, most license coins from a third-party grading service, such as NGC or PCGS graded coins, will sell above their underlie metallic content. sometimes, the extra premium may be nominal, depending on the mint type, class, and grade. This article highlights the coins most likely to benefit from coin grade .
Inspection of the Coins
As mentioned above, bullion coins trade for their underlie precious metals contentedness, so other than determining if the coins are in retail-quality condition or are off-quality, the only other matter that your coin appraiser needs to do is price up the coins. We ’ ll discourse coins ’ price in far detail late 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 promote attend. If they are bulk coins in poll bags, the assumption is that another mint trader has besides inspected and sorted the coins ; consequently, the likelihood of finding a key date mint is not high. In these cases, your coin dealer may weigh the coins or run them through a mint counter. however, presuppose coins are separated or individually packaged, or are complete sets in albums. In that shell, it ’ south worth seeing if any lower mintage coins are confront in the collection. For model, most Mercury silver dimes are common date coins that trade for their implicit in silver content. however, four coins from this series trade at a premium, including the 1916-D, 1921, 1921-D, and 1942 over 41 dimes. Of path, all coins that trade above their alloy content, including disused coins and some of the 19th-century coins we mentioned, should be evaluated individually and priced based on the coin technical ’ second findings .
Pricing of Coins – Bullion
price will probably be less for more obscure items and less popular sets. These include Franklin Mint greatest silver rounds, bars, and nuggets, extraneous silver coins previously used in circulation, commemorative coins, and most silver medal coins that are less than .999 fine. This list includes U.S. ash grey war nickels and 40 % silver half dollars, which are some of the least popular U.S. silver medal coins. Once 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 future step is to price the potentially more valuable ones. Please note that, generally, mint price guides, such as the Red Book, provide high-end retail prices and are not dependable resources when determining the rate of your coin collection, at least prices you ’ re likely to realize. In other words, take listed prices with a grain of salt. Semi-numismatic coins trade slenderly or reasonably above their underlying metal value. For case, at the time of this write, Morgan and Peace silver dollars are semi-numismatic in that they trade for above their silver content, which is .774 troy ounces.
Morgan and Peace
key date or low coinage Morgan silver dollars, such as those produced by the Carson City Mint, can trade for significantly above their valued metals value. however, even on a common date, average condition flatware dollars typically trade for slenderly above their argent value. Values of coarse date average condition Morgan and Peace dollars begin in the $ 20 scope. Keep in mind the market is topic to change. besides, the prices realized for these coins and others are national to change. If you have much feel with silver dollars, we recently published an article about four key areas to look at when selling silver dollars .
While most Barber half dollars trade close to bulk silver prices, these coins were widely traded and typically heavily circulated. In other words, it ’ s uncommon to find courteous specimens of this mint. Considering that most of these coins are reasonably worn, dainty examples will sell at a reasonable premium in higher-end conditions, even if the mint is a common date coin. Beginning prices for higher-end condition coins are more than double the flatware value of the coins, with coins in uncirculated condition valuing out at $ 100 or more .
Another exemplar of semi-numismatic coins is Seated Liberty half dimes, dimes, quarters, and half dollars. These coins were produced from the mid-19th century to the late nineteenth hundred. other coins that fall in this class are $ 20 Liberty Head amber coins or doubly Eagles, but we ’ ra going to primarily limit our discussion to U.S. coins composed of silver and foundation metals. While most of these coins were minted in big quantities, even common date coins sell for above their ash grey value. Again, the price will be based on the circumstance of the mint. As with Morgan and Peace dollars, some of these coins can trade at importantly higher prices if a key date, low coinage, or high-end condition coin .
Pricing of Coins – Rare or Numismatic
Rare, collectible, or numismatic coins typically trade at the highest prices. The fundamental metal content 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 therefore far. We ’ ll concisely run through some rare or collectible U.S. Mint coins to give you an estimate of potential values before selling your mint solicitation .
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 bombastic cents, two-cent pieces, three-cent nickels, and Shield nickels. consequently, these have the lowest values. many of these coins, in go around circumstance, trade for less than $ 10 each. typically, the most valuable are half cents, three-cent ash grey 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 old age. however, some of these coins can sell at substantial premiums if low mintage or in high-end stipulate. This category includes Flowing Hair, Draped Bust, and Capped Bust coins. While not always the sheath, typically, the larger the denomination, the higher the value and more popular the coin. Capped Bust half dollars are the most collectible of these coins. This is partially due to their affordability and the act of coins produced. however, Draped Bust and Flowing Hair coins trade at higher values. While Capped Bust half dollars can trade for angstrom little as $ 50, about 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 .
1794 Flowing Hair Silver Dollar Silver dollars, first produced in 1794, possibly the most collectible U.S. coins. U.S. ash grey 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 medal dollars are considered numismatic coins. These coins deal at values of $ 150 or more. Trade silver dollars are more ample than Seated Liberty dollars. consequently, the eloquent dollar trades at slightly lower values, with prices beginning at the $ 100 grade. Flowing Hair and Draped Bust silver medal dollars are the most valuable U.S. silver dollars and trade wind at hearty values. Values for Draped Bust eloquent dollars begin in the $ 500 scope and Flowing Hair dollars at $ 1,000 or higher. unfortunately, these are some of the most frequently forge coins. then, don ’ deoxythymidine monophosphate be surprised if your mint appraiser identifies them as replica coins and returns them to you .
In conclusion, we ’ ve identified some of the most common coins represented in coin collections. We provided guidelines as to how the collection should be separated, assessed, and valued. We besides offered some general coin price information, with the sympathy that values can range drastically depending on the specifics of the coin. If your selected mint appraiser approaches the valuation of your coins similarly, including providing an enumerate price number, you ’ re more likely to receive a clean price for your coin collection. however, if they don ’ metric ton consider these factors, we recommend shopping round 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 ’ rate. We take the same approach whether we ’ re survey or purchasing a coin collection. We are always glad to assist in any manner we can. We ’ re members of the most respect third-party organizations in the industry. 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 service and expert advice.