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How to Find the Worth of a Gold Coin

Published by Nanni on Sunday, July 29, 2012

Photo credit by motoyen

If you find gold coins or are interested in learning the value of coins that you already have, there are some steps you can take to help you determine the value of those coins. It will usually take time and effort in order to find the best estimate of what the gold coins are worth. You might even want to consider receiving some appraisals from more than one source.

You will often be able to determine whether or not coins are worth much at all by considering a few factors. The coins will be worth more if they are old. This is especially true if you can clearly read their date of being issued. Coins that are old and in mint condition are typically going to have a higher value than those that are old but are not in good condition.

If you know that a particular coin was only issued for a limited time, you know it will be worth some money. This is opposed to gold coins that were issued for an extended period of time and have no qualities that distinguish them from other gold coins. Special edition gold coins will also hold a higher value than traditional coins.

You are in luck if you have a friend or family member who likes to collect gold coins. If someone is an avid collector, they are likely to have started to learn to have a basic idea of how much a coin is worth. You can take your coins of interest to show them in order to determine if the coins have any significant value.

There are, of course, coin appraisers who can help you determine how much coins are worth. As you can imagine, there are some shady appraisers who will not provide you with an accurate estimate of what your coins are worth. If you know anyone who has ever collected coins, you should ask them if they can recommend a reputable coin appraiser.

You can search for coin appraisers by using the Internet. Again, there will be some companies that are more reliable than others. If you find an appraiser of interest, you should research that coin appraisal company in depth. Search for information about how long the appraiser has been in business. You do not want to go with a company that has been in business for a very long time. Try to find feedback and reviews on the coin appraisers of interest to find one with a good reputation.

Sometimes you can receive some idea of what your coin is worth by weighing it. You can check with the current value of gold per unit of weight. This method does not help you with determining extra value that a coin has based on its uniqueness, age or the condition in which it is in.

By doing your research, you can receive a good estimate of the value of any gold coins you have. Of course, you can also do some research to help you find the potential value of any gold coins you want to purchase.

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