The best way to find the value of old currency is to consult a dealer or website that specializes in currency collection. The old currency collection market is fluid, making it necessary to find a current price guide.Know More
Old currency is graded on a sliding quality scale, with uncirculated money in mint condition at the top. The extra fine designation is given to notes with few blemishes.
Circulated money is graded according to its appearance after exchanging hands and general wear and tear over the years. Notes in very good condition show signs of creasing and wrinkling. They might be somewhat dirty but are still mainly intact. Good condition is the lowest grade collectors accept. These notes have been heavily used and might be torn in spots. Corners may also be missing. Old coins are similarly graded.
Determining the value of old money depends on several factors. Country of origin is one factor, as collectors value currency from some countries higher than others. Money issued as a commemorative limited edition has more intrinsic value than everyday currency. Dates are an important element in calculating value. Usually, the older the coin or note, the more it is worth. Special marks and signatures with historical significance increase value.Learn more about Coins & Currency
Old U.S. pennies may carry a value anywhere between a couple cents to over $1,000, depending primarily on the date, condition and mintmark of the coin. In general, coins with earlier dates are worth more money than those with later dates.Full Answer >
Determining the value of a rare coin can be accomplished by contacting any number of antique coin dealers, auction houses or by looking online at coin value or grading websites. There are also coin traders who determine value in person at conventions and coin or antique shows, and some who do business on the Internet.Full Answer >
A good starting point when seeking buyers for old coins is heading to a local coin dealer. Coin World is a highly respected resource for the coin collecting community that features a user-friendly directory, which can help one locate nearby coin dealers.Full Answer >
The value of old pennies can be determined by auction houses, collector organizations and coin dealers. The value varies based upon the type of penny, its condition, the year and place of its minting, and its overall rarity. Some organizations use coin-grading services to authenticate and value coins.Full Answer >