| How do I determine the value of my coins? The value of a coin is determined by its metal content (gold, silver, platinum or copper), its age, and most importantly, its condition. The large majority of coins that are presented to us for sale are not true coin collections but are simply coins that have been accumulated over a lifetime. These are circulated coins that have been pulled out of circulation, and if minted from 90% silver (Pre-1964, dimes, quarters, half dollars) will have value for their metal content only. In the vernacular of the coin industry these are 'Junk Silver Coins" not rare coins. If you or someone in your family purchased "rare" coins (18th, 19th, 20th century) from a coin dealer or via a coin auction then you may have coins of high value. This can only be determined by a professional numismatist such as the staff of Eastern Numismatics, Inc., and only after examining the coins. Over the past 20 years, many collectors have purchased coins direct from the U.S. Mint. This includes mint sets, proof sets and commemorative coins. Most of these coins were produced with mintages in the hundreds of thousands and sell at a modest premium over their face value. Many of the coins sell for below their original issue price. We will be happy to make you an offer for all of your modern U.S. Mint coins What are my gold coins worth? First you need to determine if your coins are bullion coins or coins that have a numismatic premium. A bullion coin is a coin that sells at a price close to its intrinsic value or precious metal value. (Examples: U.S. Gold Eagle, Canadian Maple Leaf, South Africa Krugerrand). Most American gold coins struck prior to 1933 have a numismatic premium. A gold coin which contains $100 in gold (intrinsic value) and is valued for $200 (market value) has a %100 premium. Circulated American gold coins sell for a modest premium above their gold value. The chart below provides a value for American Gold Coins that are undamaged and grade extremely fine. The prices listed are based on a gold market price of $850 per ounce.
Dimes, quarters and half-dollars minted prior to 1964 contain 90% silver and are worth approximately $8.50 times face. Example, $150 worth of dimes (1500 coins) would be worth $1,275. Circulated Morgan Silver Dollars (1878-1904) are currently worth approximately $14 each. The 1921 Morgan, last year of issue are valued at $12 each, and Peace Silver Dollar (1921-1934) trade for about $12.00 each in circulated condition. For further information on rare dates in this series, we suggest that you purchase the "Red Book" A Guide Book of United States Coins, R.S. Yeoman, available at all book stores and on line. Why you should sell your coins to Coin brokers.com and Eastern Numismatics, Inc. Eastern Numismatics, Inc. is one of the Nation's largest retailers of U.S. rare coins. We need to spend millions of dollars per month in order to service the needs of our clients. The majority of coin dealers in the United States are wholesalers only and must resell the coins they purchase from the public to other dealers who have a viable retail outlet for this merchandise. When you sell direct to Eastern you cut out the middleman and ultimately receive more for your coins. Use this example below to determine the condition of your coins |
 The Walking Liberty Half Dollar above is in Very Good (VG) - Well worn condition Design clear, but flat and lacking details. The entire design is weak, but a few details are visible. Full rims are nearly always a requirement for this grade. A full rim means that you can see a line around the edge of the coin where it was raised up. |
 The Morgan Dollar above is in Almost Uncirculated (AU) condition Small trace of wear visible on the highest points As a novice, you probably won't be able to tell the difference between AU and Unc coins. Please note, the most important thing in grading is to know is where the high points are on a particular coin so that you can look for the minimal wear there. Practice by taking a new coin from the bank, rub it back and forth on your mouse pad vigorously a few times, and see if you can see the wear. |
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