This is What is Meant by Coin Value
This is What is Meant by Coin Value
The coin value is what your coins are worth when you go to sell them. The sum you’ll get for your coins is about half of its retail value. This is so the dealers have a chance to make a profit out of their business. In other words you can think of the coin value as the wholesale amount for your coin.
So although you might think that your coin is worth so much based on a pricing guide like the Red Book, those listings are only for the retail prices of the coins. The Blue Book on the other hand will give you the coin value you’ll get for the coins instead of the price.
As long as you hold it in your hand and don’t try to sell it, your coins will be worth the price stated. But the moment you try to sell them, your coins will go down to the wholesale coin value.
Unless of course you’re dealing with bullion coins, in which case you’ll get a considerably higher sum for your coins since most of the coin value is based on the cost of bullion itself.
It seems entirely out of proportion and I have to admit that it can get very confusing, but it’s the system that’s in place and the one you’ll need to get used to unfortunately. The only consolation I can give you is that you will get used to it.
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