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:

    How do you get cash for old coins?

    A:

    Old coins can be sold for cash or other forms of payment to coin collection shops, antique dealers or precious metal purchasers. Individuals can also sell coins directly through online auction sites like eBay.

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  • Q:

    Where can I sell old coins?

    A:

    A coin shop is one of the best places to sell coins and also get information about coins. Coin collectors also buy coins. However, anyone wishing to sell coins should not take the risk of putting an ad in the local newspaper.

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  • Q:

    How do I clean old coins?

    A:

    Old coins maintained for collections must be carefully cleaned with non-abrasive materials and a solution that does not damage the metal compounds in the coin. Improperly cleaning a coin can damage it and substantially reduce its value. Specialists knowledgeable in coin cleaning can clean coins without damaging them. Most expert coin collectors advise against cleaning coins at all, as discolorations and dirt may actually increase a coin's value, explains NemisMaster.com.

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  • Q:

    What are old Greek coins called?

    A:

    The name of ancient Greek coins depends upon the period in which they were made, the region and the type of coin. The drachma was the currency used in Greece during several different periods of its history.

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