Discovering old coin values in the modern market place can be a tricky road to navigate. One must first determine if there is any precious metal content in the coin itself. After making this determination, it’s then up to the collector to discover the mintage, condition, collectible demand and market place viability of the old coin. Finding coins with precious metal content in circulation has become more and more difficult these days since, within the U.S. alone, there hasn’t been any silver or gold placed in circulated coins since 1970 and 1933 respectively for each. If there is precious metal in the coin then the old coin value could be much higher than the face value of the coin. Traditionally, in the United States, foreign old coin values will be less than U.S. old coin values simply because the demand of the collectors here is focused on coinage from America, much like the demand for foreign collectible coins is much greater in the countries they were made.
A majority of old foreign coins will be bought and sold on the open market by the pound, unless there is still exchange value to them, which would suggest that the coins aren’t very old at all. This is a common practice that most numismatists engage in, as the foreign old coin values will likely never exceed this mode of exchange in the states. Most old coins made in the United States, that are highly circulated and without precious metal content, will trade, on the open collectible market, at or slightly above their face value. There are exceptions to this when regarding the condition, rarity and popular appeal of the old coin itself. Some old coins can be worth considerably more than just the face value of the coin. This is, of course, based on several factors. In one example, the double die Lincoln pennies of 1972, 1968 and 1955 can be very valuable where the normal pennies of these years would be worth just their face value. The reason for this is because the population of the double die versions, which were errors that escaped the quality control of the mints and released by accident, is much less than their non-error counterparts.
Bring in your coin collection, along with any questions you might have, to any of the Nevada Coin & Jewelry locations in the Las Vegas valley, and take advantage of the wealth of knowledge our coin professionals possess. By doing this, you would be giving yourself an edge in becoming more knowledgeable when determining old coin values. Although there is no obligation to sell any or all of your coin collection, our coin experts would be able to assess the value of your old coins with ease and effectiveness and make you a market competitive cash offer.
