Factors That Affect Value Of Coins

For those who are collecting coins to make money, it is important that you know the factors that determine the value of a coin.

• Condition –Everything that happens to the coin while at the mint, including the way the design is struck on the planchet and marks left by other coins during transportation, plays a part in determining the condition of the coin. If the coin is circulated, then wear and tear plays a roll.
• Rarity – Those who are looking for coins with most profit potential should focus on rare coins. The higher a coin’s rarity, the higher the value.
• Bullion value – This refers to the metal content of the coin. Coins are generally composed of at least one type of metal, and that metal has a market value. 
• Demand –Demand for various coins ebbs and flows as tastes change. It’s likely that most modern coins won’t be hot among collectors thanks to their overabundance. 

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