by 
The Curious Bag
-
A coin's rarity and condition, along with public demand, usually determine how much the coin is worth. Mint coins made of precious metals, such as silver and gold, in rare circulation are generally worth more than others.
The Facts
The presence of a mint mark will help determine a coin's value, and the metal, or metals, it is composed of also help determine its worth. For example, gold and platinum coins are generally worth more, by weight, than other metals.
Features
A rare coin in mint, untouched condition will generally bring more money than an identical one that has been rubbed or scratched from exposure.
Considerations
A coin's circulation and production plays a major role in its worth. A coin that has been mass-produced, for instance, typically is worth significantly less than a coin of similar make that is of limited production.
Warning
A coin's true worth is generally what someone is willing to pay for it. Coin dealers typically pay less for coins than collectors seeking out specific coins for their collections.
Misconceptions
Double-sided coins or ones that appear to be one-of-a-kind may, in fact, be tokens or medals. Because it was once legal for businesses to make their own coinage, many of these "one-of-a-kind" coins may be worth very little.
Source:
American Coin: What's It Worth?
American Coin: Pricing Paper Money and Coins
More Information:
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC