A coin is worth more than a coin

Coin collectors - old and new - have always wondered whether the coin or coins they have in their possession are worth more than the face value today - or in the foreseeable future.

Even though that a coin which has little or no value monetarily is not necessarily one would not keep or make part of one’s coin collection. The following are basic factors which could influence a coin’s value.How rare or un-rare is it?Generally - the concept that everyone knows and follows is this: the rarer a coin the higher the coin’s worth. This rule is true in some cases and – fortunately or unfortunately – false on the others.

There was a situation where a Chinese coin - a thousand years old - sold for only a few dollars because there were many of the thousand-year-old Chinese available. Compare this to a coin made only in 1913 - a nickel specifically called a Liberty Head - which could sell for {hold your breath} one million dollars! It is known that only five of these coins exist - consequently the enormous monetary value.

Is the coin in good condition?

The better the condition of the coin - the better the price that it would bring on the market - because the grade of the coin would match its condition. A coin that is in mint condition - add to this that it is basically an uncirculated coin – is actually worth one hundred times more than a similar coin that is just in average circulated condition.

Demand and supply

Sometimes - when the demand for a specific coin is high - that coin’s worth – despite the number of them available – is just as high.

Take the example of the coin dated 1916-D - and compare it to the value of a coin dated 1798. Many people prefer to collect coins of the 20th century rather than those that are from the 1700’s. The 1916-D dimes sell higher than the much older 1798 coins. The fact that there are more {approximately four hundred thousand} 1916-D coins than there are dimes from the year 1798 {only about thirty thousand} - does little to affect the price of each.

It is best to have a professional coin dealer grade the coin{s} and determine the value of any coin{s} you may own. Who knows - it could be worth more {or less} than what you think.