Throughout their careers, rare coin dealers encounter a wide range of valuable items and must evaluate how much each is worth. If you are considering seeing such a specialist to evaluate what your current collection might go for, consider the following list of factors that influence coin value.

4 Factors That Determine the Value of Rare Coins

1. Condition

Like any valuable goods, the condition of rare coins is always taken into account. Uncirculated coins were never released into the economy and used in exchange for goods and services; therefore, they will have seen less wear and tear and be worth more. However, during times when coin collecting was popular, such as the 30s–50s, uncirculated coins were less rare and would be similar in value to circulated varieties.

2. Melt Value

This term refers to the value of the metal the coin is made with—what it would cost if it were melted down and no longer recognizable as currency. Coins made with real gold or silver would be more expensive than those made with nickel or copper. Market values of various metals at the time of appraisal will also affect an estimate.

3. Mintage

Rare coin dealers will also consider how many iterations of a specific coin are currently on the market. To find out, they will need to know where and what year the coin was minted. Since mints get rid of their dies (coin-making stamps) each year, the number is always limited.

4. Survival

They will also consider the survival rate of that given mintage—how many coins remain from the group produced at the mint in a specific year. As coins wear down, they are slowly removed from circulation and melted down. If there is a limited surviving population, your coin may be especially rare and valuable.

If you are hoping to meet with a rare coin dealer to find out what your collection is worth, head to Coins Plus of Cincinnati, OH. Since 1972, they have offered invaluable insight to buyers and sellers. If you need an appraisal or are hoping to add to your collection, call (513) 621-1996 to speak with a staff member. Visit the website to learn more about their services.