|
How much is my coin or medallion worth?
The current market value of
your precious metal is a factor in determining
its value.
Also, having your coin or medallion inspected by
a professional grading company is the best way
to find its true value in the market. There are
other means to finding the value of your coin or
medallion but we advise that it be examined by a
professional certified to do the job.
What is the difference between a coin and
a medallion?
In terms of its value as a
collector's item, a coin is generally made more
or less valuable by its condition, specific
historical significance, rarity, quality/beauty
of the design and general popularity with
collectors. If a coin is deeply lacking in any
of these, it is unlikely to be worth much.
Bullion coins are also valued based on these
factors, but is largely valued based on the
value of the gold, or silver, or platinum in
them.
A medallion is not
considered a legal tender and is usually
manufactured for the purpose of commemorating an
event, a person or to give as an award. The
worth of the medallion would depend on the
current market value of the metal (silver, gold,
platinum, etc...) and its collectability.
How to Clean Coins
Do not attempt to
clean any coin or medallion. This will surely
reduce its chance of increasing its value in the
market.
We see far more coins ruined by cleaning than we
see coins which have been improved by cleaning.
Generally speaking coins can not be improved by
cleaning them. It is certainly impossible to
improve their condition by doing so.
What valuable tips do you have for a
person looking to sell his coins?
There are various factors
that influence the selling price of coins, but
the main factor will be the demand and supply
element. According to many collectors, many
coins are over-supplied. Other factors could be
the age of the coin, rarity of the coin, the
economy at the time of selling, inflation, the
metal price, collectors’ appeal, or investment
potential; just to name a few reason. Always if
you have any questions about your coins or
medallions ask a professional. Also, you can do
research on the market or consider buying a
reputable coin catalogue such as books and
periodicals from professional grading companies
or contact a representative of the company for
sound advice about your particular need or
concern before selling.
What is an un-circulated
coin?"
The term
Un-circulated coin can refer to three
things:
A
coin that is
released to the public but not intended for
general circulation (i.e. not used for
money [although
it has an actual value]) but is available
through a mint or through a local
coin dealer.
Most un-circulated coins of this type are either
commemorative coins,
made of gold, silver or platinum
bullion, actual
un-circulated rolls or bags of coins, special
coinage sets; or proof
sets.
What's a proof coin?
Proof
coinage means special
early samples of a
coin issue, historically made for
checking the dies
and for archival purposes, but nowadays often
struck in greater numbers specially for coin
collectors (numismatists).
Many countries now issue them.
A newly minted proof coin
is also Un-circulated, however it is the way it
is made that causes a difference in appearance
and qualifies it as a "proof". Preparation
of a proof striking
usually involved polishing of the dies. They can
usually be distinguished from normal circulation
coins by their sharper rims and design, as well
as much smoother fields.
Modern
U.S. proof
coins are often treated with chemicals to make
certain parts of the design take on a
frosted
appearance, and the
fields taking on a mirror finish. Several other
methods have been used in the past to achieve
this effect, including sand blasting the dies,
and matte proofs.
What is a circulated
coin?
A coin which has actually
been used as money and shows some degree of wear
from the use and every day wear of handling and
using the coin.
Will these coins and medallion whole there
value?
The market dictates the
value to a certain degree but if you are
planning to invest in a limited edition coin or
medallion the longer you hold on to your
precious medal the more the value will increase
over time. In the coin industry when medals are
considered rare and unique the value always goes
up over time because of the demand. If the
demand is strong and the company that once sold
the medal is all sold out, the holders of the
coins or medallions will benefit in the market
place. These medals value will increase because
of demand and its rarity in the market.
|
