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Many factors are responsible
for arriving at the value of a coin. If a coin is unique, then there is
a chance of getting a good price for it. It is important to remember
that the rarity of a coin is in no way connected with the age of a coin.
In addition to rarity, what is equally important in assessing the price
is the condition of the coin. A coin in good condition will obviously
fetch a better price. In fact when coins are graded, what is really
being assessed is their condition.
If a coin is ancient, the coin value is determined not only from its
historical value, but also from the value of the metal from which it is
made. Consider a coin which belongs to one of the several dynasties that
ruled India. The metals used were silver, copper, lead, and gold. A coin
which is minted say in Rome will differ in value when compared with its
Indian counterpart. So essentially speaking, the coin value would be
determined by the base metal, and also the care exercised while minting
the coin.
The laws of demand also dictate coin values to a certain extent. If a
particular coin is very popular, then there would be many collectors
collecting that coin rather than a coin which is rare. There are coin
catalogues and coin newspapers which help in identifying retail selling
price or retail values of the coin. Like demand, supply also has an
effect on coin values. If a particular coin is available easily, then
the coin value is not significant, but if there are only a few coins in
circulation, then the coin values could also increase.
If a coin has been damaged, then the coin value decreases sharply. If
the damage is extensive, then its worth will also correspondingly
decrease. If however, there is a mistake or an error in the coin, its
worth rises tremendously. Uncirculated coins have more value than
circulated ones, because of the less wear and tear it has undergone.
With the passage of time, the criteria determining the value of coins
have also changed. As coins are primarily a form of monetary exchange,
they need to be made from a substance which has some value,. They must
have the seal of a competent authority and all coins need to be
standardized.
If you a serious collector, then you need to be able to evaluate the
value of the coins you have. A good coin catalogue which is constantly
updated is a good thing to have. You will get a good idea of the values
of the coins. Read coin magazines and keep up with the latest in the
world of coin collecting. All said and done be true to your instincts.
Coupled with the knowledge that you have about coin values, it could
help a lot. However, do not be solely guided by gut feelings. You must
learn to be practical and logical.
Author Mini Swami. copyright
data 2007. Indianchild.com
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