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Coin collecting is a hobby, but collectors often want to know the value of their coins. It could be out of curiosity, or for investment purposes. Whatever your reason for collecting, start by determining exactly what type of coins you have and what condition they are in. You can refer to the information online and the official price list. If you want to know the exact value of a coin, you must work with a coin research organization and a appraiser.
Steps
Conduct research
- If the information printed on the coin is in a language you cannot read, look it up on a website or a world coin reference book. These resources have photos attached to help you compare with the coins you have.
- You can also use these guides to determine the age of coins that do not have an issue date printed on the face.
- Coins that are never used are considered out of circulation.
- Coins are rated from “new” (perfect) condition to “bad” (dirty or worn out) condition.
- If you have a coin that you think is rare or valuable, do not try to clean it yourself, have it treated by a professional to avoid damage and decrease the value of the coin.
- If the coin is badly damaged, the value may be calculated only by the price of the metal from which the coin was made.
- Several factors (including current conditions and demand) can affect the coin’s selling price, so you should only consider the online price as a reference.
- The “reference” price (which is the generally accepted price)
- “Buy” price (this is what wholesale buyers will pay to get your coins)
- Retail price (is the price that customers sell to customers)
- Wholesale price (this is the price a customer buys and sells to other merchants, especially when there are many coins traded together)
- Take these values into account to set a price for your coin. For example, it is possible that the coin you own is not particularly rare, but in the brand new condition that most coins of the same type do not have, its price will be higher than the normal reference price.
Work with an appraiser
- Find out if there is a well-known group of coin experts where you live, such as the Vietnamese Antiquities Collectors Association or the Professional Coin Research Association.
- You can also sign up at sites like Coin Today and Coin World to look up special information.
- As a member of a coin collector, you will have access to a list of coin dealers to find where you live.
- Talk to the coin dealer. Show them your coins to see if they want to buy them.
This article is co-authored by a team of editors and trained researchers who confirm the accuracy and completeness of the article.
The wikiHow Content Management team carefully monitors the work of editors to ensure that every article is up to a high standard of quality.
This article has been viewed 19,687 times.
Coin collecting is a hobby, but collectors often want to know the value of their coins. It could be out of curiosity, or for investment purposes. Whatever your reason for collecting, start by determining exactly what type of coins you have and what condition they are in. You can refer to the information online and the official price list. If you want to know the exact value of a coin, you must work with a coin research organization and a appraiser.
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