Antique Coin Appraisal: What’s It Really Worth?
May 29th, 2017
When you find an antique coin, the first thing you’re probably wondering is how much does it cost. There are many ways to find out the true value of an antique coin but the most popular way is to receive an antique coin appraisal, either through a collector or an antique dealer. Antique coins are coins that are no longer in circulation. They are old, ancient even, and most of them are very valuable. For this reason, you’ll want to get an antique coin appraisal so that you know just how much that coin is worth. You never know, you could find that antique coin that could allow you to retire early.
What’s In Your Attic?
When searching through your attic, you may come across some antique items. While searching through these items, some people find antique coins. These could be coins that were collected a long time ago and then stashed in the attic, or they could be coins that were once in circulation that were just stored with the rest of what someone determined was junk. Some antique coins can even be found in garage sales, where people sell items without knowing their true value. However you go about obtaining your antique coins, an antique coin appraisal will let you know just what you’ve got your hands on.
To obtain an antique coin appraisal, find a coin dealer in your area. Take your coin, or coins, to the dealer to get an accurate appraisal. However, just as with anything else, you may want to get a few more opinions before settling on one price. When you get antique coin appraisals from several sources, you can better determine just what you’re working with.
You can also get an antique coin appraisal online. If you find an antique coin appraisal website, send pictures as well as a description of the coin. These appraisals may not be as accurate as an appraisal that’s done in person but it will give a good idea if the coin or coins you have in your possession are worth anything.
When appraising coins, appraisers will determine the value of the coin based on what it would be in mint condition. Mint condition means that there are no marks on the coin. Mint condition is what the coin looked like when it was new, or newly minted. If the coin has marks on it, or if the inscriptions are muddled, this can lower the price that the coin is worth. This is how antique coin appraisers determine the value of your coin. If you have a coin that is worth a lot of money, then you can determine if you want to keep the coin so that it can increase in value over time, or you can sell the coin to make some money off your newly found treasure.