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How Do You Find Out The Value Of Your Coin?
asked 2 years ago
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Different coins have different values. Old and antique coins will be of a more significant value. Each coin has its own different history, so the value of the coin will be totally based upon the demand, scarcity and the condition of the coin. A dealer of antique items will be able to ascertain the proper value of a coin. Old books can give a good idea about the history of the coin. Usually, the coins face value is lower than the actual value of the coin. Cleaning the coin lowers the value of the coin. A substance present on the coin defines the authenticity of the coin.
answered 2 years ago
You can take it to your local bank or post office, and they will be able to tell you there.If you like, they will even change it into the current currency. Hope this helps.
answered 2 years ago
If you have a coin of any value, turning it into the post office or bank will only get you face value for the coin. You then gave the teller or counter clerk a coin that might have some value to a collector, who might give you more than face value. In today's metal market the silver or gold value, no matter what condition the coin is in could get you more than, again the face value. Most coin shops, dealers, pawn shops can tell if the coin has any value in the condition that you bring it to them. If it has value, they will probably give you more than face value. Please don't think I am stepping on your toes. I was told many yrs ago,
answered 9 months ago
Neither a bank nor a post office has any business in determining a coin's value. There are other sources better suited for this purpose. You mentioned a coin dealer; which is a great resource. Many coin dealers can be found in any major city; just look in the phone book. You can also go to a book store or a library to look at books about coins if you're uncomfortable talking to people.
answered 9 months ago
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I don't want to step on your toes, but.... If you think that you might have a coin of any value, bank tellers and postal employees unless they are coin collectors are not authorities on the value of coins. Accepting face value for the coin, is a silly thing because you could have saved yourself the trip and just spent it anywhere you would have spent any denomination. Look at your change, pennies, flip them over to the reverse side if you see wheat "Wheaties" you have an old series of the Lincoln penny, chances are you will not find them very often if you do, keep it. They don't make them any longer. Most coins that have dates 1960's or earlier are keepers!!! They are either silver and are from days gone by. Don't give anything that might be of value away for "face value" you just gave that person something of value for nothing. Have you checked the price of precious metals lately? Good Luck
comment made by Micmik826 9 months ago
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