Q:

How do you find coin values?

A:

Quick Answer

Websites allow coin enthusiasts to find the value of a particular coin with ease. CoinTrackers and My Coin Collecing are two such examples. Popular coins listed on CoinTrackers include Barber Quarters, the Walking Liberty Half Dollar and the Liberty Seated Dime. My Coin Collecting allows a collector to investigate the coin of interest by entering its country of origin, denomination, ruler/type and period in a database to search for it.

Know More
How do you find coin values?
Credit: sigita playdon photography Moment Getty Images

Full Answer

According to the My Coin Collecting, there are several factors that determine a coin's value. Old and rare coins are valued by their scarcity. The condition of the coin also plays a role in its worth. For gold and silver coins, the bullion value, or the amount of precious metal it contains, is also considered. These coins tend to sell for approximately their melt value. Demand for a coin raises or lowers its value, and a coin that is more recent may be of greater value than a rarer one simply because more people are looking for it. Finally, a slightly subjective factor to look at is coin quality. Quality includes minting characteristics and general aesthetic appeal. Collectors and dealers look for eye-catching traits such as luster, color, tone and strike when determining the coin's quality.

Learn More

Related Questions

  • Q:

    What is special about a 1944 silver dime?

    A:

    There is nothing particularly special about a 1944 silver dime. The 1944 date is not one of the rarities or "key dates" in the Mercury head dime series. Most 1944 silver dimes have a modest monetary value, unless they happen to be in excellent condition.

    Full Answer >
    Filed Under:
  • Q:

    Where do you take an undated 20 pence piece to determine its monetary worth?

    A:

    Undated 20 pence coins should be taken to the London Mint Office or other reputable coin dealers to determine their worth. In 2009, the London Mint Office, which is unrelated to the Royal Mint, offered recipients of the undated coin 50 GBP for the 20 pence coins.

    Full Answer >
    Filed Under:
  • Q:

    What currency is used in the Caribbean?

    A:

    The island nations of the Caribbean use several different currencies, including the U.S. dollar, the Eastern Caribbean dollar and the Euro. Although the official currency varies from country to country, most merchants in the Caribbean accept the U.S. dollar, regardless of its official status.

    Full Answer >
    Filed Under:
  • Q:

    What is a bitcoin?

    A:

    Bitcoin is a digital cryptocurrency that was established in 2009 by an anonymous person with the assumed name Satoshi Nakamoto. It is a peer-to-peer consensus network that allows people to send or receive money anonymously over the Internet. As of 2014, all transactions are direct, so no banks or other third-party services are involved. Some people buy bitcoins as an investment strategy, hoping for the value to grow.

    Full Answer >
    Filed Under:

Explore