Often novice coin collectors come across rare coins in some coin dealers’ shop or coin shows. Unfortunately, they are unable to know the value of the rare coins. This misleads them to buy less valued coins at a higher rate or get duped by selling valuable coins for a few bucks. Hence, in order to know the worth of these rare coins, you need to follow certain facts usually adapted by skilled coin collectors.
Here are few ways to find the value of scarcely available coins:
- It’s a fact that the minted year of the coin matters. The coin will have higher value if it was minted several years ago.
- There may be some minute errors on the coin surface. Usually these errors can’t be seen by the naked eyes. You need to have hand lenses to view or verify them.
- Note it isn’t a counterfeit coin. Some kind of Government should be there in right way.
- You can check the value of coin in websites specially designed to market rare coins.
- In an online coin market, you can view the recently sold and displayed items and even the rate. This will help you to identify the rate your collected coins are worth.
- Contact a trustable coin collector to give you useful information about how to know the worth of rare coins.
- Join a coin club or become active member of well acclaimed association of coin collection.
- If you want a large number of buyers for your collected coins which worth you don’t know, conduct a coin show to invite knowledgeable coin collectors.
Whenever a coin collector just stepped in the field of rare coin marketing, they are often confused about which buyer or seller is worth to contact. As the beginner isn’t able to recognize the worth of coins, he may be tensed while dealing with rare coins.
Here are basic tips to help you find genuine marketer of unfamiliar coins:
- References: Whether it is a coin dealer having land-based shop or an online trader of rare coins, will surely be certified by their earlier customers. Their reference will help you to strike a deal with the trader.
- Ask queries: It will be helpful to visit each shop and try to ask the dealer about the rate they are ready to pay and how they have marked the value of the coins.
Don’t be in a haste to sell the rare coins if you don’t know its face value.