The numismatic database project is designed to provide all information any coin collector or numismatist would need regarding a coin, medal or note of interest.
How to determine the value of a coin?
The simplest way to determine the value of a coin is to research historical auction data to see what a similar coin sold for at a recent auction.
However, the price of coins go up and down frequently, and determining the true market value of a coin can be a lot more complicated… but don’t worry, we’ll teach you everything you need to know in this article to determine the actual value of your numismatic items.
Keep reading to learn more about determining a coin's value…
What factors determine the value of a rare coin?
The most important factors in determining the value of a coin are: rarity, quality and popularity.
I’m sure you’ve heard the phrase, “The value is in the eyes of the beholder”... and well, the reality is that this is true for coins, medals and notes as well. But, what exactly does this phrase mean? Put simply, it means that the coin is worth whatever you are willing to pay for it. And, it may be worth more to you than it is to someone else for specific reasons such as: 1) the coin has sentimental value to you, 2) the coin has a unique rainbow toning that you desire, 3) the coin is the last missing item in a series your are collecting (such as Morgan Dollars or Liberty Double Eagles).
Whatever it is that makes you feel compelled to invest in a particular coin, you should listen to that, but you should also look at market indicators so that you don't grossly overpay for a coin.
Are there apps to tell me the value of my coins?
The Numismatic Database is the best app for getting the value or a rare coin, medal or note.
It used to be very difficult to determine the value of any coin, but our modern technology in coin valuation has made getting the real-time value of your coins simple and fast.