How to Ascertain Coin Value
How to Ascertain Coin Value
Coin value is the worth of your coins when you go and sell them. When people sell their coins, you find that they usually get about half of their retail value. Because of this, coin dealers can make a profit from their business. In other words, when you sell your coins to a dealer that is the wholesale price they are buying it at.
Many people will think that the price of their coins is based on the Red Book pricing guide, but that is the price at which the coin dealer is going to sell the coin. When you want to get an estimate of your coin value, and not the retail value you should use the blue book.
As you try and figure out the meaning to coin value we have to understand that the value of the coin is different from what the coin is valued as. What determines the coin’s value is the amount of wear it has accumulated and it is important that you know how to read this if you are intending to buy a coin.
Coin value is very important especially when it comes time to sell the coin you will have to make sure that you have kept the value of how much you bought it for because most people would like to know how much it has cost before you got it. You don’t really have to show them but it might help speed up things if you are in a hurry.
A short introduction to the Layman’s Guide to (Australian) Coin Values
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