I have two coins, USA, in my possesion. I inherited them from my great aunt. One is a one dollar coin dating 1887, the other is an indian penny dating 1902. How much should I ask for them?
2006-10-31 10:01:35 · 4 answers · asked by captainjacksparrow12_12 2 in Games & Recreation ➔ Hobbies & Crafts
Two things drive the price of old coins: The scarcity of the type of coin, and the condition of the coin. Several years ago, thenumismatic world (coin collecting) created a new grading system, to allow people world-wide to understand the condition of a coin, without actually having to view it. Unless you have a coin that is so rare that conditin doesn't matter as much, you would probably need to have your coins certified as to the condition. But before I did that, I'd check the "red book" or any book that discusses coins, and values, etc.
2006-11-01 01:16:01 · answer #1 · answered by stretch 7 · 0⤊ 0⤋
If it is just an 1887 dollar it sells for $14 in grade good up to $40 in mint state. There is an 1887 over 6 that sells for $18 in grade good and $600 in mint state. There are also some struck at other mints. The mint mark is located on the reverse (eagle side) at the bottom of the wreath. If an O New Orleans mint- then $14 to $90, there is also an O mint coin that is a 7 over 6 it is worth about the same as the one with no mint mark, if an S San Francisco- $16-$125. If you have noticed the grade is important here, for the higher the grade the more the coin is worth. See a coin dealer to grade it for you, or a collector near you that knows how to grade right. The 1902 Indian Head cent sells for $2 to $25 depending on grade. The prices are retails so expect to get 40% or less for them. Dealers need to make a profit.
2006-11-01 14:54:11 · answer #2 · answered by Taiping 7 · 0⤊ 0⤋
i would have to agree with Jeep Driver, rember b4 you sell people are gonna want the coins for less then they are worth as they wanna make a good profit on them so always bargin with shops if your not happy you can walk away, i dont know how old you are but you may wanna get help from an adult, or you could save it for a few years then it could go up in value
2006-10-31 19:01:29 · answer #3 · answered by uk_louis_1986 2 · 0⤊ 0⤋
I would go to www.coincollector.org and see if yours are listed anywhere. I would not sell the $ coin for any reason.
2006-10-31 18:11:07 · answer #4 · answered by Jeep Driver 5 · 0⤊ 0⤋