What Are Old Coins Worth?

By Pete Marks

Many coin collectors collect old coins for a lot of reasons. A lot of people collect coins as a hobby and others will collect coins for their new numismatic value or metals. Regardless coin collectors often find collecting coins rewarding and fun.

Often people will collect coins from one country or region and others will just collect coins made of certain metals or from a certain era. Some collectors just collect any old coins and others will only collect mint coins.

Coin values are determined by many factors such as age, condition and where it was minted. In recent months many collectors are snapping up the more valuable mint coins and driving up the value of old coins because most coins contain precious metals such as gold and silver.

Many people will often purchase their coins from a local coin dealer. Your best deals can often be found online and at auctions sites. There are benefits to either buying from a local dealer or from purchasing online.

The main benefit of collecting old coins from a dealer or local shop is you get to the see the coin up close. Another advantage you have is you are less likely to find a fake coin locally. When you deal locally with a local coin dealer or shop you often develop a relationship of trust in the dealer will often keep you informed of certain coins he knows you enjoy collecting.

That numerous benefits to collecting coins online from auction sites often outweigh the benefits of collecting or purchasing coins from your local coin shop or dealer. I then you'll find auction prices are reasonable and unacceptable way of determining current coin prices without paying a premium. You will also likely find that hard to find coin that may complete your collection you can't find your local dealer for coin shop.

With purchasing coins online it may be a little trickier but once you've established a relationship with an online coin shop or a specific auction seller you'll often find that purchasing from that source again is rather easy. Many auction sites online rate their sellers so therefore you are more likely to have an idea if you're dealing with a reputable seller. Also many online sellers usually have a reasonable refund policy so you can return any use for old coins that do not arrive in the condition as advertised. - 31405

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