Coin Price Guides are useful among collectors. In brief, coins are tiny disk shaped metal pieces of currency. Coins come in various categories currency coins which are valued as per their face value, currency coins come with an amount printed on them and the printed amount is the price of the coin.Rare and Historical coins are those which belong to centuries before us ,these coins are rare and very significant in finding out historical information of our ancestors ,these coins fetch a very high price in the market, the pricing of the coin is also based on the significance quality condition uniqueness and beauty of the coin.
Gold coins or Silver Coins, these coins are mostly bought as an investment the price of these coins usually depends on the market price. There can be no price guide as with the fluctuations of the economy the price of Gold and silver coins will also fluctuate.
Coin Pricing guide is based on certain criteria's-
*Coin must be made of valuable metal, the pricing of this coin will be close to the market price of the metal.
* Coin should be of standardized weight and purity.
*The marking of the marking on the coin has to be genuine and marked only by an authorized authority only.
* Pricing of the coin also depends on the date printed on the coin, as well as its historical significance.
Coin collectors from time to time come across such coins too which are very difficult in analyzing their price ,so clarify sometimes a coin may own a very unique coin whose price cannot be determined due to its unclear marking or worsened condition in such occasion the pricing of the coins is based on the demand the coin or how many coin collectors would be interested in your piece.
Sometimes a very unique coin would not be as well priced as a coin which is relatively plenty in nature and the simple reason would be as the coin is in more demand by the coin collectors. For example there are only 30000 dimes of the 17th century where as 20th century dimes are nearly 4,00,000 still the 20th century dimes are sold for higher value than the 17th century dimes the only reason being the 20th century dimes are more popular among coin collectors.
Generally coin price keeps varying, the general rule in the coin price guide is rarer the coin higher the coin value ,still there are some exception in this case too for example a 1913 marked Liberty head Nickel was sold for as high as $1,000,000 as there are only 5 pieces of such coins ,where as 1000yrs old Chinese coins were sold for not more than $100-$200 as there were number of these coins available.
Coin grade also influences the coin price guide, coin grade depends on the condition, better the condition higher will be the grade and higher will be the price the coin will fetch.
However one should remember monetary valuation of a coin is not everything, even if one coin does not have a high market value it does not loose its significance it can still be very much a part of your collection.
Coin Price Guides come in print (softcover and hardcover) and online in digital format.
Source: articlesbase.com
