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Valuing Your Coins Using The Numismatist BIbles - The Coins Price Guides And Catalog

Author : Robert Pepoa

Submitted : 2010-08-21 21:49:53    Word Count : 749    Popularity:   107

Tags:   Krause standard catalog of world coins, coins price guide, numismatist bible, red book, blue book, krause catalog

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It is always for the best if you price your coins appropriately

There are lots of guides and sources that can be of great help to numismatist collectors, old or new, in determining the value and worth of the coins in their possession.
There are many books that specialize on this hobby, "The Krause standard catalog of world coins", "The Red Book" (A Guide Book of US Coins), "The Blue Book" (A Handbook of US Coins), as well as coin newsletters and price catalogues available at any public or private library, coin dealers/shops anywhere in the U.S. There are also numerous online guides for the information and prices of coins available free and membership based specifically the NumisMedia site. Some of these sites also have a forum wherein members can discuss their coin collections, ask other member for help about the coins they have yet lacking information on them, they can also do trade in the forum and etc.

To conclude the prices of each coin, the following are the basic values of each cent, penny, or dime in the market.


The United States wheat-cent, circulated issues


The value of these coins created before 1950's, or those that are dated 1940's, are currently being purchased or assessed by coin dealers for two cents each and above. Those made before 1940's command a much higher price from a few more cents to a few dollars

The silver-dollars


Silver-dollars from the United States, especially those made before 1930's, have almost an ounce of silver in them. These coins are among the favorites of coin collectors and could be sold for more than their actual value in silver especially if they are circulated lightly, undamaged or not worn severely.

The Susan B. Anthony dollars


If by chance you happen to get one of these as a change, the value is more than a buck. Proof Susan B. Anthony dollars also command a higher price as they are not easy to find since they are not usually being circulated but mostly sold to coin dealers or collectors.

The bicentennial issues - Quarters, dollars and halves


There are about billions of these coins made out and because there are so plenty of them, their worth is usually just face value, it's all about supply and demand. There are coin dealers however who pay ten percent of the face value as premium for circulated bicentennial coins, and a few dollars more for those that are not circulated well.

The Error coins


If you are coin collector for at least a year you probably knew about these coins but if you are just beginning to collect believe it or not, there are two-headed coins out there yet for discovery or already on possession of a dealer / collector being sold. Basically, these are coins with two different designs on each face. These coins were made in error and were not discovered until the year 2000. This type of coin is usually called "mules". In 1999, it was found that a cent with Lincoln's face on one side and Roosevelt's dime image on the other existed. Many collectors have specialized on this type of coins collecting only mule errors.

If you happen to found a coin of this type it is advised that you take it to a legitimate coin dealer and let it be assessed to determine if it is authentic. If so, this coin could be put up for auction and probably attract more buyers and it will command a higher price.

For all types of coins, "older" does not always mean higher than the "newer" counterpart. Prices are determined by their condition, demand and rarity. Coins should not be cleaned before selling as it will always downgrade the price, let the buyer clean his coin as they have special materials to clean coins yet not damaging it.

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If your collections consist of world coins you need
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