The Jefferson nickel was introduced in 1938. With the exception of a few oddities, most Jefferson nickels are not very valuable. Pre-1938 nickels, called Buffalo nickels or Indian Head nickels, and pre-1913 nickels, called Liberty Head nickels, are far more collectible.Know More
Sort through your coins. If you find any older nickels, especially any Buffalo or Liberty Head nickels, set them aside. Numerous books and websites can help you determine whether a coin might be valuable.
Finding valuable coins by chance is a rare occurrence, so if you are serious about collecting, you will probably end up buying coins from coin dealers. Use guide books or websites to decide which coins you want and how much you can expect to pay.
While most reputable coin dealers are not out to cheat customers, they are in business to make a profit, and most expect the consumer to be informed. The more knowledgeable you are, the easier it will be for you to recognize a good price when you see it.
Cleaning and polishing is one of the best ways to reduce the value of old coins. Professional coin dealers are adept at spotting a cleaned coin, and will not be fooled just because a coin looks shinier.
Some of the most valuable coins in the world include the 1794-1795 "Flowing Hair Silver/Copper Dollar," the 1933 "Double Eagle" and the 1907 "Saint-Gaudens Double Eagle," according to Mental Floss. As of 2013, each of these coins is valued at over $7 million. The three coins are all of American origin.Full Answer >
Many U.S. quarters carry a premium over their face value because of their silver content. Among them are Washington quarters minted before 1964. Other valuable quarters include older quarters, such as the Barber quarter, minted between 1892 and 1916, and the Standing Liberty quarter, produced between 1916 and 1930. A valuable recent quarter is the special Bicentennial quarter minted from 40 percent silver.Full Answer >
Many money collectors start their collection with their own pocket change. Coins are one of the more common collections. Working to complete a series of coins offers fun and is sometimes profitable, according to About.com.Full Answer >
Collecting pressed pennies involves amassing a collection of copper cents run through a jeweler's mill, augmenting the collection through buying at auctions and trading with other collectors, and displaying the collection. Many pressed penny collectors choose to concentrate on a single theme, choosing from such pressed penny favorites as the Lord's Prayer, Disney theme park pennies, sports event pennies or pennies representing individual states.Full Answer >