Everything that we have has some type of value placed on it. Some of these values are given based on how we feel about them. Other items are given values that have been assigned by others. This basing of values applies to old coins and the other coins that you will find coin collections. While many coin shops and coin dealers will know the old coin value for many coins, we may have no idea about this.

Therefore you should gain some experience in finding out what the old coin value and price is. This information will allow you to have a rough idea about what you can expect to get from an old coin that is in a good condition. You should read books and articles that will inform you how you can find the old coin value and price rates. You may want to go to coin exhibitions or fairs and see how the coin experts look at the coin before they make any judgments about the state of the coin.

Since the state of the old coin contributes towards the old coin value it is necessary that the old coin be in a fairly mint condition, or as good as it can be. In coin collecting terms this means that the coin must have the country of origin fairly legible, the mint date can still be seen, while the wear and tear should be hardly visible.

These identifying marks are among the items that coin experts look for. When they can find these and see how the old coin looks, they are able to assign a value for the old coin. You should see from the various books and articles how you can find these identifying marks that will allow you to get the old coin value. You should practice this grading ability until you are fairly sure that you have a rough idea of what the old coin value will be.

Once you are confident in your guesswork you will need to see what the actual experts say have to say about the old coin value. The best thing that you can do is to visit your local coin shop. Providing that they have a good and reliable reputation appraising coins, you should be able to have your old coin value appraised. This value will let you decide what you are going to do with your old coin.

In other words now that know the old coin value you can keep it in your collection and start hunting for more old coins or could you sell the coin. Of course there’s also a good chance that if you hang on to your old coin long enough, the value of it will climb steadily over the years.

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10 Rolls of Mixed Wheat Pennies    US $8.10

50 1955 S Lincoln Wheat Pennies Bright Shinny aUNC    US $13.55

2010 S LINCOLN CENT UNION SHIELD PROOF PENNY NGC PF69    US $16.26

Nicholas Tan asked:

There are many resources that can help coin collectors, old or new, in determining the value and worth of the coins they have.

There are books out, “The Red Book” (A Guide Book of US Coins), “The Blue Book” (A Handbook of US Coins), as well as coin newsletters and catalogues available at any public or private library, coin dealers/shops anywhere in the US. There are also online guides for the prices of US coins available on the web, specifically the NumisMedia site.

For a synopsis of the price of each coin, the following are the basic values of each cent, penny, or dime in the market.

The United States wheat-cent, the circulated ones

The price of these coins made prior to 1958, or those that are dated 1940, are currently being purchased by coin dealers for two cents each, or less. Those made before 1940 command a much higher price - from a few more cents to a few dollars.

The silver-dollars

Silver-dollars from the US, especially those made before 1935, have almost an ounce of silver in them. These coins are the favorites of coin collectors and could be sold for more than their actual value in silver if they are undamaged or not worn severely.

The dollars of Susan B. Anthony

If by luck you happen to get one of these as a change, the value is more than a dollar and proof Susan B. Anthony dollars command even more. They are not easy to fine as they are not usually being circulated.

Quarters, dollars and halves – the bicentennial kind

There were billions of these coins made out, and because there are so many of them, their worth is usually just face value. There are coin dealers however who pay ten percent of the face value as premium for circulated bicentennial coins, and a few dollars more for those that are uncirculated.

A freak coin

Believe it or not, there are two-headed coins out there. Basically, these are coins with two different designs on each face. These coins were made in error and mistake was not discoverer until the year 2000. This type of coins is usually called “mules”. In 1999, it was found that a cent with Lincoln’s face on one side and Roosevelt’s dime image on the other existed.

It you find a coin of this it must be taken to a legitimate coin dealer and assessed to determine if is genuine. If so, this coin could be put up for auction and command a few dollars more.

It is therefore true that a coin is basically worth more than meets the eye.

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Replica 1937 D 3 Legged Buffalo Nickel Coins COPY    US $1.41

USA Colonial Bar Copper large cent Original Replica    US $1.29

Replica 1895 S Morgan Dollar Coins COPY UNC    US $2.25