There are several factors that influence the value of a coin or bill: Wholesale value can also be a discounted price that a dealer would accept from a buyer who is purchasing in large quantities. Wholesale value is the price for which a dealer would sell a coin to another dealer. So, if a dealer wants to stay in business, they usually offers lower buy prices than retail prices. Retail value is the price for which a dealer would sell a coin or bill to you. This price is called the "book" value because you would typically find it in a published book such as the Standard Catalog of World Coins.īuy price is the price that a dealer would be willing to pay you if you sold them your coin or bill.
From Cents to Gold.Basically, there are four different types of "value" for coins and bills:īook value is an average of many dealers' retail prices for a certain coin or bill - in other words, what the average dealer would sell it for. The home page is an excellent index, quickly leading to the major coin series. find Old US Penny Values and.Īll old US coin values. One of keys to the best price when selling and finding coin buyers is knowing accurate values. Discover how much your box of old coins is worth.
#Old penny values how to
Discover the rare pennies in your box of old coins.Ĭoin Value Guide | How to Value a Coin CollectionĪ step by step method combined with the coin value online guide identifies how to value a coin collection. Searching for rare pennies is interesting and exciting when it leads to a find. Preparing and selling wheat pennies for the best value is possible. Separate your old wheat pennies into the main value groups - different decades, mintmarks, rare dates and importantly condition. Selling Wheat Pennies and Receiving the Highest Price Of Note: We refer to these coins as a penny or pennies, however in official terms, the US Mint defines the denomination as a Cent. Prices and values are continually adjusted. Certain pennies once considered common are becoming difficult to find. A continual process of upgrading these collections alerts to the difficulty of finding many high-grade coins. Many collections are very advanced both in scope and quality of the coins. With your coin in hand discover old US penny values.įrom Half Cents to Large Cents to Indian and Wheat pennies, there are numerous rare dates, rare mintmarks and many different varieties avidly sought by collectors.
#Old penny values series
Grading individual coins is detailed on the series pages linked above. With just light wear on high areas, a penny is considered as Extremely Fine grade.ĭefining condition by "Grades" is how charts lists individual values for stages of wear and condition. Example: Condition of Indian pennies are judged by different point on the coin than Lincoln cents. All series are evaluated individually by certain condition standards. With the series identified, dates confirmed, attention is now directed to the condition of the coin. Important because values are often significantly higher from one grade to the next.Ĭondition of a Coin is Defined by a "Grade"
Each coin denomination has their own subtle grading points to follow. The hardest to accurately determine is the condition of your old pennies. All of these are listed on the value charts. And although some varieties are obscure, most are easily identifiable. The date of the coin is prominent, once you know where to look, mintmarks become easy to find. Most factors affecting value are easy enough to identify.
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