Coin Values – How to Tell if Yours are Good

Want to build a coin collection based on what’s going to give you the very best coin values? Keep these 3 things in mind:

1. The rarer the better

This tip might sound completely obvious, but it’s also incredibly important. Coin values are based on supply and demand. The harder it is for collectors to get their hands on something, the more they’re going to be willing to pay for it.

However, that doesn’t mean that every coin is rare – or that all rare coins have the same coin values.

If you want to create a coin collection that’s just about as rare (and valuable!) as you can, be on the lookout for a Morgan Silver Dollar. These coins were minted in very limited quantities for about 50 years, starting in the 1800’s. However, they were created in an effort to boost the U.S.’ silver market, rather than as a money source – so a good number of them have never even been circulated!

Since the Morgan Silver Dollar has such a rare story behind it, it’s the apple of many coin collectors’ eyes. If you’re lucky enough to get your hands on one, you can bet that the value will be very high!

2. Never overlook the value of an “oldie but a goodie”
Obviously, every coin collector can’t have a rare collection. However, you can still see high coin values from some basic coins – or, what we like to call the “oldies but goodies”. Classic silver dollars fall into this category. They come with all sorts of different artwork and stories behind them, but they’re like a good black cocktail dress – they’ll never go out of style.

Silver dollars are typically much more affordable than their rarer counterparts, so they’re a great way to start a new coin collection. With them, you can be confident that you’ve got a solid collection that buyers will be interested in.

3. There’s a reason why they call it a “gold standard”
If you can afford them, gold coins can fetch you some of the most money. After all, gold is the most valuable precious metal. By having plenty of it stored away in your coin collection, you’re certain to have coin values that make other collectors salivate.

Just be warned – gold coins can fetch you a lot of money, but they can also be tough to sell. That’s because many people simply can’t afford to buy gold coins. The number of potential buyers will be lower, but once you pick one, you’ll get a pretty penny for your gold collection!

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