Daily Rare Coin Market Update
September 4, 2009 – When looking for rare coin worth, or the value of your rare coins, it’s very important that you understand a few crucial factors in order to truly understand how the values of these coins are determined. Below I have listed and briefly explained three of the most important factors that affect rare coin worth:
Population - Population refers to the amount of coins that were originally minted, thus the lower the population, the higher the overall rarity which in turn means higher prices.
Condition - Condition in the numismatic world is commonly called Mint State Grading because third-party numismatic grading companies hand-inspect and evaluate the overall condition of rare coins and assign them a respective number. Typically, most investors tend to stick with coins between the Mint State Gradings of MS-61 through MS-66 because these have shown the most profit and wealth preservation potential in the past.
Rarity - Rarity is perhaps the most important factor because it’s quite obvious that the rarer a coin is, the more expensive it will be. Most investors stick with less rare coins in order to avoid paying very large rarity premiums. For example, a $20 Saint Gaudens coin in a less rare variety could cost $2000, while the exact same coin in a significantly rarer variety could cost $200,000.
If you seek more information on rare coin worth, try visiting the websites of the Professional Coin Grading Service (www.pcgs.com) or the Numismatic Guaranty Corporation (www.ngccoin.com), and don’t forget to visit www.Gold-Investment.info for detailed product breakdowns.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
