Q:

What are old coins worth?

A:

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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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:

    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 some old British coins?

    A:

    Old British coins include the farthing, halfpenny (or ha'penny), crown, shilling, guinea, sovereign, florin and groat. These coins ceased to exist when the United Kingdom switched to a decimalized monetary system in 1971, though some of the terms persist to refer to decimalized amounts of similar value.

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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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