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Coin Appraisal

Coin Appraisal – Finding the True Value of Coins

When people speak of coin appraisal, what immediately comes to mind is a rare coin collection that can be worth thousands of dollars. Actually, coin appraisal depends on so many factors that it is hard to generally fix the value of a particular coin. As known to most people, coins are of different denominations. There are pennies which have a value of one cent, nickels or five cents, dimes or ten cents, quarters or twenty five cents and finally the dollar which has a value of one hundred cents. To find out the actual value of coins after so many years of existence, one needs to see a coin dealer. The coin appraisal of a coin dealer is fairly accurate because that is the price at which he is willing to buy. Coin value increases through time depending upon the coin’s rarity, the year it was minted and number of coins minted for that particular year or batch. Of course, the coin collector may offer more but the value a collector puts on a coin is subjective and there is no sure way to find out the coin appraisal system employed by a coin collector

In the internet there are sites where some sort of corn appraisal can be based on. Listed on the sites are generalized values of many types of coins. There are values estimated for wheat pennies, minted 1909-1958, Lincoln memorial pennies, minted in 1959 up to the present, Indian head pennies, Buffalo Nickel, Jefferson Nickel, State Quarters, 1999 up to the current time, and the Morgan Dollar. Values for these items are never more than 2 to 3 times their value and usually a few cents higher than its face value. Prices in the lists are not based on coin appraisal but are fair estimates of the values that a coin collector is willing to pay for the coins in question.

With regards to pennies, the Lincoln Memorial pennies replaced the wheat pennies in 1959 which were minted in 95% copper until 1982. In 1983 zinc pennies coated with copper were minted using 97.5 % Zinc and coated with copper for luster effect. All these descriptions and coin history details only show that many people are aware of the origin and mintage of coins. All these are taken into consideration in a coin appraisal.

A fair estimate of real value of coins can be arrived at through an earnest coin appraisal based on reliable research materials. A good resource book for coin appraisal is the Blue Book Handbook of United States Coins, which can be bought at less than ten dollars. Amazon has been quoting a price of less than two dollars for the book, which is a must for those interested in coin appraisal.

14 May 2012 - coinappraisal8.com