To put matters simply, if a coin is relatively easy to acquire, it’s worth is usually less. For this reason, the value of a coin is directly linked to scarcity. Unfortunately, the old adage of ‘the more of something there is, the less it's worth’ definitely applies to coins when it comes to their value – a point the media often fail to mention. Generally speaking, a lower mintage rate will create higher demand, driving up the market price of a coin. However, there seems to be a lot of confusion in the media with regards to the mintage rate of different coins and how that can, potentially, affect the value of a coin. Supply and demand impact heavily on priceĬoins are just like other commodities and collectables – with their price determined by the basic laws of supply and demand. To obtain a FREE coin valuation, please email our experts or call 01926 499031 today. Hopefully, the advice contained in this guide will help you to work out how to value a coin and its potential worth to a collector. What you may be surprised to learn is that most of the coins people ask us about are actually worth very little – usually only their face value.īut when you consider that these items are mass produced (often in their millions) and never thrown away, it is easy to understand why this is the case.Īlthough it is difficult to know the true value of a coin, there are certain criteria which can help you judge how collectible or valuable it may be. Having been trusted to value numismatics since 1958, our experts are frequently asked: How much are my coins worth? © 2023 NYP Holdings, Inc.Coins are interesting and fun to collect, but it is actually very difficult to know their true worth because, like any kind of collectable, it depends on many different variables. “You can find this variety in both the Philadelphia and Denver minted types,” Shaun declared, claiming that possession of the coin could be “life-changing.” Twitter / describe this as the “Close AM” variety, and it will also feature the initials “FG” - for Frank Gasparro - engraved near the image of the Lincoln Memorial. “If you have a coin where the A and the M are nearly touching, then you have the rare variety.” “If you have a coin where the A and the M are nearly touching, then you have the rare variety,” Shaun stated. “Flip the coin over,” Shaun states in his viral video, instructing owners to look at the word “America” written on the reverse of the penny. Twitter / there are subtle differences that distinguish them - and it’s those that you need to watch out for. A coin expert has gone viral on TikTok after revealing that a rare type of 1992 Lincoln penny could be worth upwards of $26,000. They both feature a profile of Abraham Lincoln on the obverse side and an image of the Lincoln Memorial on the reverse side. The commemorative Lincoln coin was designed 30 years ago by US Mint Chief Engraver Frank Gasparro, but Shaun says there are two different types - and only one is super valuable.Īccording to the TikToker, both varieties initially appear almost identical. The expert, known only as Shaun, took to TikTok to share a video about the penny, which has garnered more than 30,000 views. Nickel for your thoughts? Antiquated coin costs 10.4¢ to makeĪ coin collector is urging Americans to check their change drawers to see if they’re in possession of a 1992 Lincoln penny worth a whopping $26,000. Secret stash of 1 million pennies discovered hidden in California home Man digs up 700 Civil War coins worth millions at Kentucky farm ‘Lost irretrievably’: German police find melted-down gold in search for stolen ancient Celtic coins
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