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COLLECTINGCOINS
How to Find The Value Of Old Coins
METHODS
1Doing Research
2Working with an Appraiser
OTHER SECTIONS
Questions & Answers
Tips and Warnings
Related Articles
References
Article Summary
wikiHow Staff
Co-authored by wikiHow Staff
wikiHow’s team of trained editors and researchers
June 16, 2020 References Approved
Coin collecting is a fun hobby, but collectors naturally want to know the value of their coins. This can be out of curiosity, or because they are interested in coins for investment purposes. Whatever your reason for collecting, start by figuring out exactly what type of coin you have, as well as its condition. You can then reference this information against online and print value lists. If you want to get an accurate value for your specific coin(s), work with a numismatics organization and a professional appraiser.
Method
1
Doing Research
Image titled Find The Value Of Old Coins Step 1
1
Pin down the coin’s origin and date. You’ll need to know exactly what coin you're looking at to determine its specific value. Modern coins will include a date of issue printed on the front or back of the coin itself. They will probably also name the country of origin. Some also have other helpful information, such as a mint mark (a tiny letter printed somewhere on the coin that indicates where it was minted).
If the information printed on the coin is printed in a language you can’t read, consult a world coin reference book or website. These will include images that will help you match your coin.
These guides can also be used to help you determine how old coins without a printed date are.
If you cannot find the coin in a book due to lack of identifiers, try to determine general area (i.e. Sinosphere, Islamic Countries, Core African). Broadening your search first may help you narrow in on the correct country.
Image titled Find The Value Of Old Coins Step 2
2
Inspect the coin to determine its condition. The value of a coin is greatly affected by its condition. Higher quality coins are generally more valuable than ones that are blemished or dirty.[1]
Coins that were never used are known as uncirculated.
Coins are rated from “mint” (perfect) condition, all the way down to “poor” (dirty or damaged).
If you have a coin that you think might be rare or valuable, don’t attempt to clean it yourself. Take it to an expert to have it cleaned without damaging it and lowering its value.
If a coin is severely damaged, it might just be worth the value of the metal itself.
Image titled Find The Value Of Old Coins Step 3
3
Check coin value lists online. Some websites will make values for some coins freely available. Check with a professional organization like the Professional Numismatics Guild. Look up your coin according to its date and origin, and you may be able to find its current value.[2]
A number of factors (including condition and current demand) impact the amount a coin can actually be sold for, so use the value you find online only as a ballpark figure.
Image titled Find The Value Of Old Coins Step 4
4
Consult a coin value book. If you can’t find the value of your coin online, consult a reference such as the Standard Catalog of World Coins, or the Guide Book of United States Coins. These references are especially useful because they may list several values for a particular coin:[3]
The “book” value (a generally accepted value of the coin)
The “buy” value (what a dealer would pay to buy the coin from you)
The retail value (what a dealer would sell a coin to a customer for)
The wholesale value (what a dealer might sell the coin to another dealer for, especially when several coins are sold together)
Image titled Find The Value Of Old Coins Step 5
5
Account for any special factors. The value of coins can go up and down, since they are driven by interests that can change. When lots of people want to buy a certain type of coin, the value may go up. Rare coins or coins in unusually fine condition are often more valuable than common ones. Finally, commemorative (special issue) coins may also be especially valuable.[4]
Take these values into account when calculating the value of your coin. For instance, you may have a type of coin that is not especially rare. However, if it is in mint condition, and most coins of that type are not, its value may be higher than the normal “book” value.
Method
2
Working with an Appraiser
Image titled Find The Value Of Old Coins Step 6
1
Join a numismatics group. The study of coins and other money is known as numismatics. If you have lots of coins that you want to appraise, or if you frequently work with coins, consider joining a professional group devoted to this area. These groups will share price lists and other special information that can help you determine the value of your coins.[5]
Look for a recognized professional group in your area, like the American Numismatics Association or the Professional Numismatics Guild.
Websites like Coin Today and Coin World may also allow you to register for membership to access special information.
Many coin groups can also help you determine the value of other types of objects, such as rare papery money, tokens, or medallions.
Image titled Find The Value Of Old Coins Step 7
2
Have your coin officially appraised. Professional coin appraisers can give you the most accurate, up-to-date value of your coin. They will base their appraisal on their expert opinion of the coin’s condition. They’ll also take into account what similar coins have been selling for lately.[6]
Membership in a numismatics group should also give you access a directory of dealers so you can find one in your area.
Image titled Find The Value Of Old Coins Step 8
3
Go to a numismatics trade show. Coin groups may hold regular conventions where sellers can display coins for interested buyers. Dealers may also be interested in buying coins from attendees. Whether or not you’re interested in actually selling your coin, you can use this as an opportunity to determine its “buy” value.[7]
Talk to some dealers. Show them the coin(s) you have and ask them if they’re interested in buying.
Community Q&A
Question
What is the value of a one cent Indian head from 1904?
Community Answer
About 3-5 dollars, depending on the date and condition. Hundreds of millions of those exist, so they're not rare.
Not Helpful 21Helpful 61
Question
How do I sell a penny from 1866?
Community Answer
Get it appraised by an expert before selling it and then sell it online. There is a big collectible coin market.
Not Helpful 26Helpful 85
Question
How can I identify where a coin is from?
Community Answer
Usually the older the coin is, the more valuable it is. The year the coin was made in is almost always somewhere on the coin. There are exceptions of course.
Not Helpful 36Helpful 88
Question
What is the value of an 1878 silver dollar?
Community Answer
About $40, unless it has the double tail feathers or a rare mint mark - then it could be worth hundreds. Look up rare 1878 Morgan dollar varieties online for more info.
Not Helpful 13Helpful 31
Question
What is the cost of a 1936 East India company copper Half Anna coin rate?
Community Answer
Very expensive, from $54-$2,000! You can buy it on eBay and ma shops.
Not Helpful 11Helpful 28
Question
I have a very rare, U.S. five-cent coin made in 1913. What is the best way to determine its actual worth?
Community Answer
Your coin is not rare if it has an American Indian on the front and a buffalo on the back; expect about $5 for that one. If your coin has a "v" on the back and Lady Liberty on the front, the coin is worth millions of dollars - but it might be fake.
Not Helpful 23Helpful 53
Question
I have a load of 1971 new two pence coins. Are they worth anything?
Community Answer
A lot of people are saying they are worth a lot, as that was the year the system went decimal. However, with almost 500,000,000 being made and no one knowing how many are actually circulating, it is hard to say.
Not Helpful 15Helpful 27
Question
The value of a 1890 silver dollar?
daniel price
Community Answer
It depends on the condition and specific coin, as it does with all coins. An 1890 Morgan dollar will be upwards of $50 USD.
Not Helpful 4Helpful 13
Question
How much is a 1715 fleet gold coin worth?
Community Answer
It may be around 10 to 20 thousand dollars. It may vary depending on its condition.
Not Helpful 9Helpful 11
Question
What is a dime from 1866 worth?
Community Answer
Does it have double dies, or is it regular? If it is regular, then it is ranging from $200 - 1000.
Not Helpful 9Helpful 15
Show more answers
Unanswered Questions
How do I find the value of a half penny and regular penny?
Answer
How do I find the value of an old paper currency?
Answer
How do I find the value of an old coin from East Africa?
Answer
How do I find the value of my old foreign coins?
Answer
How do I know if a coin is counterfeit?
Answer
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Tips
The material that a coin is made of can have an impact on its value. For example, many older silver coins, like the 1964 Kennedy Half Dollar, are worth a great deal more than their face value today—even if you don’t take into account factors like their condition and collectability.[8]
A coin’s rarity, condition, overall appearance, and the level of demand in the coin market are important factors in determining how valuable it is.[9] For example, ancient coins that are common and in poor condition may be worth far less than a more recent coin that’s scarce, in mint condition, or is in demand as a collector’s item.
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References
↑http://www.prattlibrary.org/research/tools/index.aspx?id=5739&idx=abc
↑https://pngdealers.org/price-guide/
↑https://www.money.org/FAQ
↑http://www.prattlibrary.org/research/tools/index.aspx?id=5739&idx=abc
↑http://www.prattlibrary.org/research/tools/index.aspx?id=5739&idx=abc
↑http://www.prattlibrary.org/research/tools/index.aspx?id=5739&idx=abc
↑http://www.prattlibrary.org/research/tools/index.aspx?id=5739&idx=abc
↑https://www.ngccoin.com/price-guide/coin-melt-values.aspx
↑https://www.consumer.ftc.gov/articles/0136-investing-collectible-coins
About This Article
wikiHow Staff
Co-authored by
wikiHow Staff Editor
This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness. wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. This article has been viewed 642,646 times.
13 votes - 85%
Co-authors: 15
Updated: June 16, 2020
Views: 642,646
Categories: Coins | Coin Collecting
In other languages
Español:determinar el valor de las monedas antiguas Italiano:Determinare il Valore delle Monete Antiche Русский:определить ценность старых монет 中文:发现旧硬币的价值 Português:Determinar o Valor de Moedas Antigas العربية:تحديد قيمة العملات المعدنية القديمة Bahasa Indonesia:Menemukan Nilai Koin Kuno Deutsch:Den Wert alter Münzen herausfinden Nederlands:De waarde van oude munten achterhalen Tiếng Việt:Định giá tiền xu cổ Français:trouver la valeur de vieilles pièces de monnaie हिन्दी:पुराने सिक्कों की वैल्यू पता करें 한국어:오래된 동전의 가치 알아보는 방법
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