Determining the value of old coins involves looking at several factors including the coin’s type, date, mint mark, and crucially, its condition (also known as its grade). Online resources and price guides can provide an initial assessment of a coin’s potential value based on these factors.
Here’s how to use a coin value chart:
The first step is to identify the specific type of coin (e.g., Flying Eagle Cents, Indian Cents, Lincoln Wheat Cents) and its denomination (e.g., penny, dime, half dollar).
Locate the date and mintmark on the coin. The mintmark indicates where the coin was produced. This information is vital as the rarity and value of a coin can vary considerably based on the mint where it was struck.
The condition of a coin is a major determinant of its value. Coins are graded on a scale reflecting the amount of wear and tear they have experienced. Carefully compare your coin to the descriptions and images provided in the price guide for different grades (e.g., “Good to Fine”, “Circulated”, “Uncirculated”).
Use the identified information (series, denomination, date, mintmark, and grade) to locate your coin within the chart. The chart will provide a range of values based on the coin’s condition.
- Flying Eagle Cents (1857-1858): Good to Fine condition can fetch between $9.00 and $10.25.
- Indian Cents (1859-1909): Circulated condition can be worth between $0.40 and $0.90.
- Lincoln Wheat Cents (1909-1919): Circulated condition is valued between $0.07 and $0.10.
- Mercury Dimes (1916-1945): Uncirculated condition is typically worth between $4.00 and $10.00.
Note: The prices mentioned in the charts are indicative and can fluctuate due to various factors like market demand and the specific characteristics of the individual coin. For a definitive appraisal, it is recommended to consult with a professional coin dealer or appraiser.
How do I find out what my old coins are worth?
Thanks for asking. Hire a professional appraiser to grade your coins and tell you how much it is worth. The American Society of Appraisers and International Society of Appraisers have searchable directories of professional appraisers. A dealer might also be able to help.
What US coin is worth $19 million?
1933 double eagle – Wikipedia.
What coin is worth $40,000?
Great question! PCGS values a 1966 Jefferson Nickel in MS66 FS as worth $40,000 and the reason is the grade (MS66) and the striking designation “Full Steps” or “FS”. The 1966 nickel is extremely rare when the steps are fully struck and in the grade MS66 it’s a registry quality coin.