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Understanding Coin Value: Grading and Market Trends for Collectors

Discover the intricacies of coin valuation, including the importance of grading and the impact of condition on worth. Learn about historical pricing references, from auction catalogs to early 20th-century guides, and how modern resources like the RED Book and online platforms have transformed the marketplace. With recent trends showing significant increases in coin values, it's essential for collectors to stay informed. Don’t forget: a coin's worth is ultimately determined by what someone is willing to pay. Have fun and make the most of your collection!

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Understanding Coin Value: Grading and Market Trends for Collectors

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Presentation Transcript

  1. Value Guides How much are my coins worth?

  2. Grading vs. Value • Grading is really a shorthand method of valuation • Coins and currency in better condition are almost always worth more • Dr. William Sheldon in Penny Whimsy attempted to make equal increments in value 1-70. • A coin that rated a 12 would be 6 times more valuable than that of a coin rating a 2

  3. This Didn’t Work • True collectors, around the turn of the century, had no reference material except old auction catalogues and the prices someone was willing to pay (prices realized) • In the early 1900, buy and sell price guides were available • J.W. Scott • B. Max Mehl

  4. Today we have…. • RED Book • Blue Book • Black Book • Grey Sheet • Green Sheet • Blue Sheet • Trends • Krauss • These are the old standards, but what is new?

  5. On-Line Price Guides and Prices Realized • The coin market is very volatile and with an old price guide, you may miss maximization of your profits. • Some Coin and Currency values have doubled to tripled in the past 3 to 5 years. • Methods of getting these values: • Heritage Rare Coin • PCGS • Numismedia • Teletrade • EBAY ….

  6. If you don’t have a computer, your local library will have internet access. www.PCGS.com www.Heritagecoin.com www.teletrade.com www.numismedia.com www.ebay.com

  7. The value tools are many • Don’t forget to buy the book before you “ SELL THE COIN” • A coin is worth what someone is willing to pay for it

  8. Don’t forget to have fun!

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