Q:

What are old coins worth?

A:

Quick Answer

The value of old coins varies with current demand and the maximum amount collectors are willing to pay for them. Metal prices may also be a factor. Some price guides have been established that are widely used by collectors, such as the Professional Coin Grading Service (PCGS) guide.

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Full Answer

Some other commonly used price guides include the NGC U.S. Coin Price Guide and the Official Red Book. The closing amount of recent auctions is often a major factor in determining the current price of a particular coin, and price guides that are issued in monthly or yearly installments sometimes list recent auction results.

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Related Questions

  • Q:

    What can you do with old coins from other countries?

    A:

    Websites like CoinQuest.com offer online appraisal systems that help people find out how much their old coins are worth. Having an idea of what a coin is worth will make it easier to avoid being taken advantage of by an appraiser who is hoping to make a huge profit. Pawn shops, coin shops and online auction websites are all ways to sell old coins from other countries.

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  • Q:

    Are old pennies worth anything?

    A:

    The value of an older penny depends on the date when the penny was minted. The rule of thumb is that pennies dated before 1934 are generally worth more than those dated after 1934.

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  • Q:

    What is the best way to clean old coins?

    A:

    According to coin expert Susan Headley for About, the easiest process for cleaning old coins is to gently rinse the coins in a bath of warm tap water and mild dish-washing detergent. It is important to make sure that the hands are thoroughly washed to remove all surface oils and dirt that may potentially contaminate the coins. Headley stresses that cleaning old coins is not recommended unless absolutely necessary.

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  • Q:

    Where can you sell old coins?

    A:

    Collectors most often buy and sell old coins at auctions, from coin dealers and at coin collecting conventions. Coin valuation companies offer a third-party estimated value for both coin buyers and sellers.

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