Coin collectors frequently find themselves in a tough situation, when they don’t know what is the value of the gold coin. The value of the gold coin is influenced by many factors such as production year and mint, rarity and condition.

In this blog, we’ll discuss how to find it out the value of rare coins and what are some of the things that you should look at.

Factors To Consider

Condition Of Coin

The most important factor in determining the value of a coin is its condition. The value of a coin in poor condition is not going to be worth as much as one in excellent condition.

A coin that has no scratches, no nicks and overall looks good will be worth more than one that has been beaten up and scratched.

Rarity Of Coin

The next most important factor is rarity. There are many rare coins that might be in excellent condition but still not worth much because they are just so common.

Also, when it comes to old coins, the older the coin the more collector’s value it will have over its actual face value.

Type Of Coin

The third factor is demand for that particular type of coin. Is there a collector out there who would love to have that specific coin? If so, then you can expect to get a decent price for it.

However, if there are no collectors for this particular coin, you will have to rely on your other two factors to determine what you should ask for it.

Value Of A Gold Coin

If you have a gold coin that has been certified by a professional grading service, finding out its value is quite easy. Most certification companies will provide an online database so you can look up the value at your convenience.

You will need to know the date of mintage, weight in grams and if it is in good condition or not. If the coin has been circulated then you will usually receive less money for it than if it had never been used.

On average most people tend to get around 50% of the value for circulated coins and 70-90% for uncirculated coins. The price of gold coins tends to change over time.

Usually, when there is more fear about inflation or economic downturns, investors like to buy gold coins because they do well when other investments are struggling. At these times gold coins can be worth more than their face values.

How To Get A Coin Appraised

If you think your coin may be rare and want to find out its worth, then it’s recommended that you take them to your nearest coin dealer. They will take one look at it and tell you if it’s worth anything.

To maximize your chances of getting a coin appraisal from a coin dealer you should find one that’s a member of the PNG. The PNG is a non-profit organization that promotes ethical and fair trade in numismatics. Membership requires that dealers abide by the code of ethics that’s enforced by its members.

These rules ensure that both dealers and collectors are treated fairly, and that customer information confidentiality is ensured.

Some Facts About Coin Valuation

  • Old coins doesn’t always expensive.
  • Coin will lose value if it has been used in jewelry or other decorative purposes.
  • Old coins can be fake.
  • 2-headed coins is almost always altered from its real shape, thus they are not valuable as normal ones.
  • Cleaning coins to make them look new could reduce its value.