Whether your coin collection is a few dozen or several hundred coins, learning to identify each coin in your box of old ones helps uncover their value. The first step in this process is determining the denominations and series of each coin. Then the process of judging and grading condition begins. Videos, close-up images and descriptions help this process along. Finally, special qualities that raise or lower potential values are identified. A combination of these factors often determines a coin’s final collector value.
Step 1: Identifying Denomination & Series
Begin by separating your coins by denomination, then by date. From there examine each coin. A magnifying glass is helpful here, as well as a single light source to reveal details on the coin that are important to its grading. Once a coin is judged to be in good or better condition, it’s time to consult the specific grading sections of each series page to see if it meets the standards set by those who assign coin grades.
Once a coin has been properly graded, the next step is to check prices realized at auction for that particular coin. This can be done by searching for the coin name on eBay or consulting online dealers. It’s also a great idea to join the nearest numismatics club so you can interact with other collectors and find out the latest market information for your favorite coin. These sources are all very valuable and will help you get an accurate sense of your coin’s current collector value.
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