What Determines a Coin's Value
Posted on June 24, 2014
While there are many determinants, the chief elements are precious metal content, rarity and the quality of the individual coin. It’s no secret that some coins were produced in the hundreds of millions, making them somewhat less valuable, even if very interesting from a historical perspective. So rarity is important.
In general, a gold coin will be worth more than a silver coin, although some very rare silver coins may have exceptional value. Age is also a factor, and often somewhat relates to rarity, since fewer examples may exist.
The quality of the individual coin is probably the biggest differentiating factor in determining the value. Obviously an uncirculated coin is worth much more than a well-worn example of the same piece. In addition, the specific grading based on a comprehensive visual inspection by grading experts determines how a coin is rated and therefore valued.
HCC Rare Coin is always willing to appraise a collection for owners or those who have inherited a collection. Stop in any weekday or by appointment.