Have you ever come across a news report where a person claims that they have sold a single coin for $1 million? How can you tell which coins are worth money? And even if you find rare coins that are how to you even sell them off?
If you are always on the lookout of collecting old coins, then there are certain factors that you need to lookout for. Given in the blog below are some of the best ways to investigate and what to do if you find a coin of value.
Look for Errors
First things first, you need to look for errors. Even a slight difference can make a coin more valuable than the face value. You should ideally check out for die cracks and missing elements. You also have to pay special attention to the words and edges of the images. Also check for strike mistakes such as doubling, cracks or missing sections.
Look at Mint Marks
For most rare or general coins, this will be one of the important features which will be presented at the head of the coin. However, certain older coins have the mint marks on the reverse. Do not get such coins that lack a mint mark because later on you won’t get any value for it. There are some coins were produced at some mints but not others, or may have been made in varying quantities. The location where a coin was minted sometimes greatly influences its value.
Look for Fakes
For particularly rare coins, such as double-headed or double-tailed coins, consider whether it might be a fake. Look to see if there is any sign that two coins have been joined. While not common (or legal), it is possible to grind down one side of a coin and attach it to another to create a double-headed coin. Also known as “magician’s coins,” these are interesting and unique, but not valuable.
Are you looking for a rare coin dealer online? If you wish to purchase these, then make sure to check out one of the best portals and look for rare coin prices. Here you can find PCGS and NGC certified are coins for sale.
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