I have some old coins. I would like to know the appraised value and I would also like to know who to go to if I wanted to sell them? Or does anybody know who would be intereset in them?
2007-09-12 03:58:28 · 4 answers · asked by G mon 2 in Games & Recreation ➔ Hobbies & Crafts
Ahhh....the age old question :)
There are a couple of books that are going to define the value of your coins: "The Blue Book" which is the "wholesale value" of a coin in a specific condition (in other words, what a dealer will offer you for the coin), and "The Red Book" (sold at WalMart and just about everywhere) which publishes the accepted prices a collector would pay for the same coin in the same grade. Generally when you sell a coin (unless you are very knowledgable about coins, the coin is extremely special, or you're dealing with a VERY honest dealer), you're going to be close to the Blue Book Value. If you find an EXCEPTIONALLY honest dealer, he may even show you "The Grey Sheet" which is a trade publication (monthly) which lists the prices for wholesale and retail as they fluctuate throughout the year. However, there is another option for those who don't have the time or interest to research each individual coin's grade and value:
Public Auction (Internet auctions).
Dealers and collectors watch all of the major auction sites VERY closely, and I would speculate that 50% or more of the coin transactions conducted today are done online. If you use an auction site with a strong history of coin sales, and high volume of coins, the dealer/collector making the bid will set the price for you. I RARELY get a "great deal" on coins bought over the Internet at auction, and almost always end up paying within 5-10% of what the coin would go for in a brick and mortar store. So an uneducated or uninterested person can (relatively safely) list a coin in a public auction and generally wind up getting the fair value of the coin (or "close enough" that the time and energy saved in researching the coin more than makes up for the unrealized portion of the price).
Its a risk, but in my mind, a safe one.
If you prefer going to a dealer, I recommend going to at least 2, though the more the better. You generally will see some discrepancy, but if there is a LARGE difference, see more dealers until you get a fell for what the "average price" should be.
Better yet....just become a collector and keep them for yourself. That is when they have the absolute highest value :)
Best of luck!
2007-09-12 05:06:54 · answer #1 · answered by fisher456 1 · 0⤊ 0⤋
There are no web sites that can help for they are selling things. The ones that could will cost you.Now that is U.S. coins only. If U.S. coins take them too a couple of coin dealers and see what they say. If world coins you need to find a world coin dealer. I can give ballpark figures on most coins but only a few at one time, for it is time consuming. To be prepared go get a Coins or Coinage magazine they have retail prices for must U.S. coins. You can not go by the values for they are a high retail but use the pricing as a guide. If a coin list for .25 to a dollar or so in grade good then you know it will not be worth much to a dealer, but if it has a value of $25 in good then you have a some what scarce coin. If you can find a coin club near by they will help you. It oils down the better the grade of the coin the more it is worth, so they need to be graded and a dealer can do that as well as a club member. I hope this helps some. As I said I can ballpark a few but need to know date, denomination and mint mark if any. If you live in another country it is about the same they have dealers also. Most dealers are honest but in the end it pays to see more than one.
2007-09-12 06:39:56 · answer #2 · answered by Taiping 7 · 0⤊ 1⤋
Some well guesses and now not so well guesses above. When so much individuals blank a coin they use harsh chemical compounds and or bodily abusive approaches. In the procedure they take off layers of steel or reason different harm to the skin of the coin. Loss of steel and harm aren't any-no's within the interest. A century in the past shiny and glossy was once in however latest hobbyist wish a coin in usual situation. Patina does now not have plenty to do with usual situation. It has a entire lot to do with eye attraction. Which is one more component while you're grading cash, above all mint state cash. Patina is a clearly going on procedure that in most cases does now not detract from a cash grade.
2016-09-05 11:23:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
1 - Take your coin to a other local coin dealer. It never hurts to get a second opinion. They will be able to tell you so much more by evaluation the condition of the coin. They will also know the amount minted and what it is going for in today's market.
2 - Try posting pictures on this website (there are many experts here that can help you evaluate it - there also may be people willing to buy if you are trying to sell):
http://www.coincommunity.com/forum/default.asp
3 - Repost this question on yahoo answers and include pictures. You can use websites like photobucket.com and include the link in your question.
Good luck!
2007-09-12 11:23:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋