An old coin's value can be determined by checking the U.S. Old Coins Identification chart for coins from the United States and the U.S. Coins Red Book for coins that are not on the chart, according to About.com. Coins that are not found on the U.S. Old Coins Identification chart are likely commemorative coins.Know More
In U.S. coin collecting, commemorative coins are defined as special non-circulating coins provided by the U.S. Mint, states About.com. Collectors usually buy these at prices that are significantly above face value, including surcharges that support a program related to the coin's subject. Commemorative coins, particularly non-U.S. coins, commemorate a person, place or event and are typically issued for one year only.
About.com notes that old coins coming from other countries can be identified through the language used on the coin. Generally, if the old coin does not have a country name and denomination, it may not be an official government coin. If it is difficult to determine the origin and value of an old coin, About.com recommends taking the coin to a coin dealer. However, it is important to be careful when selling old coins, as many dealers attempt to buy such coins at prices lower than their real value.Learn more about Coins & Currency
All Singapore coins in the Third Series have a layer of copper, though the copper layer does not show on any coin. This series was first issued in 2013.Full Answer >
Rare and valuable coins should always be sold to reputable and knowledgeable coin dealers. This ensures that the sales result in a fair and appropriate payment for any coins that change hands.Full Answer >
The Official Red Book of coins is a commonly used price guide for coin collectors. The full name of the book is "The Official Red Book: A Guide Book of United States Coins."Full Answer >
Collectors can buy coins from coin dealers, the U.S. Mint, and auction sites such as eBay. When buying coins, knowing how to spot fakes and understanding the wholesale values of different coins will help ensure that collectors get the best value for their money.Full Answer >