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What is it worth?

Determining a coin or note's "worth" is a confusing question. Before we can answer that, we must define "worth". A collectible's "worth" (the way most people envision it when asking us), is a specified value in dollars that can be obtained from the sale of that item in the open marketplace. SO ... if you really think about it, the term "Market Value" is a more accurate term, because a coin's "worth" is only what someone will pay for it at the time of asking. This environment changes constantly.

For example, I want to sell some old silver coins ... dealer X will pay $20 each. (Dealer X exausted his current supply and needs them for new customers) Dealer Y offers $10 each (Dealer Y has plenty in stock). Collector Z needs the notes for his collection and offers $25 each. Bottom line ... you need to shop around the "market place" in order to determine your property's "market value".

The best way to determine market value of a piece is to view what other people are paying for similar items, such places could be; online auction sites, coin and currency auctions, coin and currency web sites, people involved in collecting, etc... Referencing an updated, Coin or Paper money reference guide can be invaluable as well, but remember, book value can sometimes be unrealistic, overpricing some items and underpricing others!

Don't forget to include the condition (grade) of the coin/note as a basis of its general value ... grade is a HUGE FACTOR!

What kind of US Coin or Currency Note do I have?

Identifying a coin or note should be approached methodically. To begin your research, you should do the following:

1. Identify the Country where the note was issued
2. Identify the denomination of the note
3. Identify the year or series the note was issued
4. Look for any other interesting information, images, or printing directly on the note

After all this information has been collected, the best way to find out more is to look it up in a Coin or Paper Money reference book. These are sold at any local coin shop or large book retailer. If you are a beginner, we recommend one with many illustrations (pictures of every listed coin) to make it easier to find.

Use your research wisely, for example: If you find out you have a "United States Coin", it is identified as "five cents", the year on it says "1938", and there is a Indian on the front & buffalo on the rear, you have an arsenal of info to search with. Use it ALL. You will soon discover with this information that you have a "Buffalo Nickel".

Where can I sell it?

Online auctions are an excellent way to sell personal property, a coin or paper money dealer, (found in the yellow pages) newspaper classified ads, or people you know can also be a great source. Be careful who you do business with and make sure he/she is reputable and has some experience. Good Luck and Happy Collecting!