If you believe you might be in possession of a rare coin, you probably want to find more information about it. Whether you are an aspiring coin collector or are considering selling, determining the history and value of an old coin is worthwhile knowledge that will benefit your goal. The guide below offers tips to help you begin your research.

How to Learn More About a Coin

1. Know What Details to Look For

The first step in identifying your coin is noting every detail. First, look for the country of origin. Any official government coin from the U.S. should have “United States of America” inscribed on one side. If it is from the United States, you can try to match it with the coins on a U.S. coin identification guide. 

Any coin not included on the guide may be commemorative, rather than circulating. In this case, you should check a copy of “The Guide Book to United States Coins.” Note if the coin is gold or silver and look for a year. The condition of the coin is also critical to its value, and a mint or uncirculated coin with no signs of wear is worth more than one that is worn and illegible.

2. Check Online Marketplaces

When you are having trouble finding information from books and guides, try searching for it on online marketplaces like eBay®, using descriptive search terms. Those who sell coins to serious collectors need to have specific information about their wares to attract buyers. If you can find your coin, you might be able to gather more details in the description of the listing and see their going rate.

3. Ask Coin Collectors

If your research is not getting results, turn to avid coin collectors. There are numerous old and rare coin forums and Facebook® groups you could join. The bigger the group, the more likely you are to reach someone who has seen a coin like yours. Take clear, high-quality pictures of your coin and make posts asking for assistance with identification. 

4. Get an Appraisal

The most reliable way to identify and value your coin is by getting an appraisal. Make sure you choose an appraiser with a good reputation and outstanding reviews. A coin appraisal values coins based on factors like mint mark, date, condition, demand, and abnormalities like minting errors. They can give you plenty of information about your coin and make a fair offer, should you choose to sell.

If you are a new coin collector seeking professional coin appraisals and rare coin trading, come to Coins Plus in Cincinnati, OH. These reputable coin dealers are well-known for their transparency, integrity, and fair pricing. With over 50 years of experience, numerous industry awards, and publications in trade magazines, you can be sure their services are carried out with professionalism and an eye for detail. Visit their website or call (513) 621-1996 for more information.