If you have rare coins you want to sell, the first step is to find out how much they are worth. When faced with the task of finding out the value of a coin collection, most folks have the same four questions:
The resale value of a given coin is determined by evaluating the condition, denomination, and bullion value. Getting your coin graded, that is to say professionally appraised, is highly recommended.
The date and denomination (face value) of the coin are pretty easy to find at a glance. A mint mark is a small letter on a coin, which identifies where the coin was minted, though not all coins have one. The mint sets are pretty inconspicuous, so if you’re having trouble finding it, you might want to ask an expert for assistance.
If you live in the United States, the “Guide Book of United States Coins”, commonly called the “Red Book,” is a great option to learn if you have valuable coins. There are also plenty of websites where you look up the type of coin you have and compare it with pictures on the website to get a preliminary evaluation of the coin. The books, “Official ANA Grading Standards for United States Coins” (US Coins) or ”Standard Catalog of World Coins” (World Coins) are also helpful resources.
An experienced coin dealer will help you authenticate your coin and currency, and can find the bullion value if the coin is made of precious metal like gold and silver. They can also research comparative prices, and grade the coin’s condition.
Consider working with a member of the Professional Numismatics Guild (PNG) who has extensive training and adhere to a very high standard of ethics.A professional can also help you determine the best way to sell your collection to potential buyers, either through a dealer, coin show, or an auction.
If you are interested, Dave Wnuck Numismatics may also offer to purchase your coins at a fair price.
For the experienced connoisseur or first-time coin collector, Dave Wnuck Numismatics has a large and distinctive group of rare and valuable U.S and world coins available for purchase.
If you are searching for a specific type of coin or just looking for something interesting to enhance your collection, then contact Dave Wnuck, schedule an in-person consultation (by appointment only), or meet with Dave during one of many regional coin shows and coin auctions held throughout the year.