Coin collecting is a particularly popular and highly common hobby throughout the world. Some people collect coins that they think are interesting or have a historical value, whereas others purchase rare coins as part of a long-term investment plan. Whatever your interest in coin collection may be, it's worth knowing that a coin collection values list can be an essential tool in your arsenal for determining what your collection could be sold for. Whether you're seeking to make money, or you simply want to know the history behind your collection, the right list is crucial.
Factors that Determine a Coin's Value:
When you're searching for a coin collection values list, it may help to first be aware of the sort of factors that may have an impact on the worth of your coin. For instance, start by looking at the date on your coins – as in most circumstances, the older the coin is – the more it is worth.
Keep in mind that not all coins will have a date printed on them, and modern dating for coins throughout Europe only started in the early 17th century. Similarly, the coins that do display dates may not provide numbers that you recognize under the Gregorian calendar. Indian and Israeli coins will both follow different calendars, and if your coin comes from another country, you may have to make use of an online date converter to get a better insight into your collection.
Learn How Rare Your Coins Are:
Besides the date your coin was minted, one of the biggest factors that will determine its value is the rarity of your coin. A coin collection values list should give you a better insight into how common any particular coin may be, but you can also do further research if you want to learn more. For instance, the 1914D Lincoln penny is a highly rare and sought after coin, because only around 1,193,000 were made to begin with. On the other hand, there are only 6 examples of the 1930 Australian proof penny in the world today.
While you're learning about the rarity of your coin, you may also be able to discover more about the demand that currently exists for that coin in the collectors market. For example, it's no good having a coin that you believe to be rare to sell, if no-one is interested in buying it. Keep in mind that the demand associated with any particular coin can differ according to where you live in the world, and its popularity over time.
Take Care of Your Coin:
Remember, finally, that the shape your coin is in will also have an impact on its value. The better a coin appears to look, the more a collector will be willing to pay for it. In most circumstances, coin condition is rated according to the Sheldon Scale – a score which moves from one to seventy, with 1 being the lowest, and 70 the highest. Descriptions of the coin will also rate from poor, to very fine, and "almost uncirculated".