If you are a veteran coin collector or are interested in starting a coin collection, just remember that there are plenty of factors that will be taken in to consideration when deciding the value of a coin collection.

There are many determining factors, including:

1. The amount of coins that can be easily found for that particular coin or coin collection?

2. The number of coin collectors who are fond of the coin or coin collection?

3. What kind of condition is the coin or coin collection in? The condition of the coins are extremely important when competing with many coins.

4. The bullion or exchange value of the coin in question? Either a gold or silver coin will not normally sell for a great deal less than its melt value.

One of the best ways of valuing your coin collection is by using a coin dealer. These are experts in their field and they are more likely to be knowledgeable of prices, auctions, information, and other news relating to coin collecting. Since these individuals are probably coin collectors themselves, they often are willing to sit down with you to discuss the coins you already have or how to improve on the collection.

Blue books are another great way to determine the value of your coin collection. There are several available that contain full lists of every coin including their current values. These books are published every year and will list the market value of each coin year by year
as well as minting, location, and condition. The prices shown in the books are fixed once it has been published. But at least these books provide you with a good idea of just how much your coin collection is worth.

Many people turn to the internet as a source of information thanks to the number of sites that now offer lists of coin values. The best thing about these sites is that they are very up to date and stay in touch with any developments that are occurring. But as with anything else, it is always best if you research a number of different sites in order to make sure that the information you are getting is correct. Also by looking at a few different sites you can get averages from several sources and so avoid getting bad information from one site that is forgetting to update the information it provides.

When all is said and done at the end of the day, the value of your coin collection will actually depend on what someone is willing to pay for it. So if you really want to see the value of your coin collection in real terms then take a look and see just what people are willing to pay.

Many coin collectors are turning their hobby into a money making opportunity. Maybe you should consider it also.

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Stacks will be selling more coins from the S.S. New York at the end of the month (July 30th – 31st)  in the Tower Beverly Hills.  Stacks has a short but informative piece on the lost ship and the coins recovered.

“The discovery of the long-lost S.S. New York and the sale of gold and silver coins from the wreck made headline news last year. Since then, further explorations on the wreck have yielded more coins, including some amazing American gold rarities. These include high-grade Philadelphia and New Orleans coins from the 1830s and 1840s, some of which are among the finest known!”

The Carson City Mint struck 10,000 1876-CC 20-cent pieces, but only  18 or 20 of them survived after workers melted the rest.   The following year this denomination was discontinued, making it the shortest series in US history.   The Nevada Appeal reports that a Reno coin dealer has just purchased an example for half a million dollars.

The New York Times suggests that the proliferation of new US coin designs in the last few years is creating coin fatigue amongst both the general public and collectors.  Citing the lack of interest in the national parks quarter series, the paper suggests Congress is to blame and calls for designs to be stable for at least a decade.

“Have you ever knowingly spent $100 on a candy bar or $50 on a soft-drink? As ludicrous as the concept sounds, there is no doubt that you have unintentionally done this numerous time without knowing it,” is how authors Brian Allen and Ken Potter begin the new edition of Strike It Rich with Pocket Change, now available from Krause Publications. As more collectors and general coin enthusiasts are drawn to the treasure-hunt appeal of error and variety coins, interest in everyday coins is increasing as people take a closer look at the change in their pocket.

The U.S. Mint’s popular state quarter program and introduction of new nickels and a new dollar coin series has produced new discoveries, while demand for changes in U.S. coinage has generated greater attention and interest from the public. Thus the need for an updated version of this book, which helps make sense of it all and gives greater meaning to phrases including “double die,” “double edge-lettering”, trails,” “clashed die” and “die dents.”

In this new edition of Strike It Rich with Pocket Change readers learn about the different types of errors and how to spot them in varying types of coins, using the unique and useful combination of more than 350 close-up photos comparing properly minted coins with their error counterparts and identifying details featured. In addition, the authors’ insights help dispel common myths about error and variety coins.

Among the coins included in the listings are Lincoln Memorial cents, Jefferson nickels, Roosevelt dimes, Washington quarters, John F. Kennedy half dollars, and state quarters. While the listings focus on the more valuable rare coins, the principles discussed throughout this book can be applied when researching and inspecting any coin for possible errors.