In recent years, we have received a large number of calls and enquiries from members of the public who have found unusual 50p, £1 or £2 coins in their pocket change – and they want to find out if they are worth a pretty penny.
#Guide to old coin worth how to
You can also read our How to sell rare coins guide for more useful information.
#Guide to old coin worth free
If you want to know how to get old coins valued, please get in touch and our valuation experts will be happy to provide their assistance free of charge. If you have inherited a rare coin or coin collection, try to refrain from touching the items with your fingers because even the slightest fingerprint can reduce the amount that a rare, proof or uncirculated coin is worth. This is because mint condition coins boast rarity value and can therefore command premium prices. So, the better the condition of a coin, the more it will usually be worth.
It is possible to grade coins yourself - and you can discover more about it in our comprehensive coin grading guide – but it takes years of experience to do it correctly.Īs you might expect, collectors prefer coins in ‘mint’ rather than ‘worn’ condition. Condition always key to a coin's valueĬondition, or the state of preservation, is one of the most important factors to consider when trying to determine a coin’s value. If your coin is no longer available, the general rule of thumb is that it will be worth more. Likewise, a coin which is scarce will tend to sell for considerably more.Ĭheck to see if your coin can be purchased in Brilliant Uncirculated condition from an official Royal Mint distributor. To put matters simply, if a coin is relatively easy to acquire, it’s worth is usually less. For this reason, the value of a coin is directly linked to scarcity. Unfortunately, the old adage of ‘the more of something there is, the less it's worth’ definitely applies to coins when it comes to their value – a point the media often fail to mention. Generally speaking, a lower mintage rate will create higher demand, driving up the market price of a coin.
However, there seems to be a lot of confusion in the media with regards to the mintage rate of different coins and how that can, potentially, affect the value of a coin.
Supply and demand impact heavily on priceĬoins are just like other commodities and collectables – with their price determined by the basic laws of supply and demand. To obtain a FREE coin valuation, please email our experts or call 01926 499031 today. Hopefully, the advice contained in this guide will help you to work out how to value a coin and its potential worth to a collector. What you may be surprised to learn is that most of the coins people ask us about are actually worth very little – usually only their face value.īut when you consider that these items are mass produced (often in their millions) and never thrown away, it is easy to understand why this is the case.Īlthough it is difficult to know the true value of a coin, there are certain criteria which can help you judge how collectible or valuable it may be. Having been trusted to value numismatics since 1958, our experts are frequently asked: How much are my coins worth? Coins are interesting and fun to collect, but it is actually very difficult to know their true worth because, like any kind of collectable, it depends on many different variables.
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