The value of a coin depends on the type of coin, its condition, and its rarity. The condition of the coin is critical: scratches, dents, and corrosion can greatly reduce its value. Rarity is also important, as coins that are more difficult to find can often be worth more. Coins that are graded often sell for more money than non-graded coins. These grades range from 1 to 70, with a higher grade indicating a better condition. Coins with a higher grade and rarity will usually have a higher value, while coins in poorer condition will have a lower value. Coin values can range from a few dollars to many thousands of dollars for the same coin, so it is important for coin collectors to understand the different grades and factors that effect a coin’s price.
How to Look Up Coin Values
Use a collectible search engine like Mavin.io to find comparables and generate a price estimate. Remember, the value of something is what it actually sold for… not what somebody is asking!
1Start with a Few Details
Start by entering a few specific details about your coin. Start with something simple, like “1943 Mercury Dime“.
2Narrow it Down
Add more details to further refine the search results. For example, “1943 Mercury Dime” gets updated to “1943-S Mercury Dime“.
You can also use negative keywords to filter out results NOT like yours. For example, adding “-NGC -PCGS -BU -Uncirculated” will remove graded and uncirculated coins.
After refining your results, you should get an accurate market value based on comparables that have recently sold. Use the checkboxes if you want to pick and choose the comparables.
Factors That Impact a Coin’s Value
- Rarity: How few were minted and how difficult it is to find.
- Demand: Demand for a certain coin will increase its value.
- Condition/Grade: Amount of wear, tear, and damage it has sustained over time. The grade of a coin is determined by a professional coin grading service.
- Age: Older coins can be more valuable.
- Historical Significance: Coins with a unique story or provenance can be more valuable.
- Market Conditions: The overall market for coins can affect their value.
- Errors: Coin errors can be valuable to collectors since they are usually one-of-a-kind and can be worth more than regular coins. Errors can include misprinted coins, double-struck coins, or off-center coins.
Coin collectors typically focus on specific series of coins, such as the US Lincoln Cent, the Morgan Dollar, the Indian Head Penny, or the Buffalo Nickel. Popular coin series have higher demand, are easier to sell, and fetch a premium compared to less popular coin series.
Coin values are determined by a variety of factors, including rarity, condition, and market demand. You can estimate the value of your coin by using Mavin.io to find comparables that have sold recently. Additionally, you can visit local coin dealers or attend coin shows to have your coins appraised.