Articles » Antique Coins
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Proofs and Errors – Error Coins
Proofs and errors are two-sides of the same coin, so to speak.
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Price Criteria Of Coins– Miscellaneous Factors
There are a host of factors that determine the market value of a collectible coin. There are the obvious ones of mint year (when it was produced), grade (the general condition and degree of wear). But there are several others that dealers and collectors take into account when determining the coin's price.
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Before a collectible coin can be assigned a price, a dealer or collector will examine it closely. The first result will always be placing it into one of the obvious categories of denomination or type.
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Part art, part science, part history lesson... but all adventure! That's coin collecting.
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There is a kind of Hippocratic Oath used implicitly among coin collectors: First, above all, do no harm. Strictures on cleaning coins are well-known in collecting circles, even though there's continued debate about how and when. Despite that, there's general agreement on how to store coins.
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Grading coins is both science and art. You may want to acquire this skill not for the purpose of becoming an expert, but simply to better deal with other collectors and dealers. Knowledge is power, if only the power of self-defense.
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Though debates rage about whether and how to clean your coins, most serious collectors agree on some basic guidelines.
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Many novice collectors begin by inheriting a small set of coins from a relative. The first question asked is invariably 'How much are these worth?' The first step in answering that question is to grade the coins.
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It is almost within the memory of living men, even in the West, that direct barter was the chief means of trade. Goods were exchanged between two parties and that was the end of it. But finding someone who wanted to exchange eggs for bread or shoes for butter is time consuming and results in many spoiled loaves.
