coin appraisal and coin worth

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Sep

Coin Appraisal and Coin Worth
Posted by Sagar in Coin Collection | Comments Off

One of the most common question when anyone finds a coin which looks rare and old is ‘how much is its worth? Or how much is this coin collection worth?’

Sounds like a very simple question, but in reality it isn’t. A coin value depends on demand from the public, supply from the dealers, from which mint was issued etc.


The date is the easiest to gauge as it is usually mentioned on the obverse (heads side) of the coin. A casual look at a coin from India or any country for that matter will tell you in which year the coin was minted in. There are certain coins which end up being real popular and become collector items. The only way you will be a 100% sure that you are getting value for your coin, is to have it appraised by a professional.

The value of most coins depends on various factors such as age, condition, metal content, rarity, country, personal preference, and market value. Every coin must be in very good condition for it to have some market value. Coins containing gold and silver will definitely have greater market value over coins containing copper, nickel and zinc. However a very rare copper coin can be worth more than even a gold or silver coin.

The rarity of a coin is the singular most important trait for any coin collector. If there is a mistake on a coin, it becomes very valuable once it gets circulated and becomes a limited copy. World coins are a lot of fun to collect. US coins are pretty common but owning a 1 naya paisa coin from India is rare indeed. Just like clothes couture, coins go in and out of fashion depending on their demand and supply. It takes an expert to judge the coin appraisal and worth in a volatile market.

Grading is another important factor to be kept in mind and is a technical study. With most of us saying a coin looks ‘pretty good’, the correct terms are – Poor, Fair, Good, Very Good, Fine, Very Fine, Extremely Fine, Almost Uncirculated, Uncirculated, Mint State.


So the next time you are out to fetch a coin use this information to know the worth and how to appraise the coin.