4 Common Questions About Rare Coins
If you’re new to the rare coin industry, you may have a few questions about rare coins and their values. At Austin Rare Coins, we’re here to help collectors, buyers, and sellers alike. 4 common questions about rare coins we often are approached with that provide valuable insight into collecting rare coins are listed below.
What Are Rare Coin Values?
This question doesn’t always have a set answer, unfortunately. While certain coins are well-known to be valuable, such as Buffalo Nickels, many coins fluctuate in value. If you think you have a very rare and valuable coin, reach out to our team today. However, even though we do buy Modern Bullion Gold, Silver, Platinum & Palladium as well as rare U.S. & Ancient Coins, there is a $5,000 minimum. If you feel you are within our minimum parameters, call and schedule an appointment. A Rare Coin Advisor will be more than happy to give personalized, one-on-one customer service!
What Makes a Coin Rare?
In short, a rare coin is one that was not minted in mass production during its original run, or it’s a coin that only exists in very limited quantities. Rare coins can be incredibly old, therefore there are few of them left in the world. On the other hand, they may be ones that are unique or created in a different way. For instance, minted incorrectly and put into circulation before the mistake was found and they stopped minting them. Frankly, rare coins have factors that create demand from investors and collectors like quality, rarity, and historical significance.
How To Value a Rare Coin?
What we suggest is… Your best bet is to conduct a search using the terms "coin dealer" and/or "gold dealer" along with your zip code or city name. This is the best way to see if you can locate a local dealer that you can get in touch with to confirm that they offer assessments. Next, schedule an appointment so that you can see them in person to show them your coin or coins. You can also check the Red Book of Rare Coin Values to see what your coin is worth.
Where To Buy Rare Coins?
We hope these 4 common questions about rare coins proved useful. When you’re looking for rare coins to purchase, your first stop should be professionals who are reputable and reliable. At Austin Rare Coins, we provide personalized service, one-on-one attention, and more than 30+ years in the rare coin industry.
Schedule an appointment with an Austin Coins Advisor today to help you with your rare coin needs!