Three Ways to Know if Old Coins Have Value for Collectors | Answers

Most people usually question whether the old coins they have somewhere at home have any value regardless of their characteristics and age. Hence, it is important to take them to a Numismatic Appraiser to know their value or you can use some of the suggestions given below.

How do you know if antique coins are worth it to collectors?

Those who want to know the estimated value of their ancient coins without going to an expert should follow these recommendations to identify them:

• Check the significant year: Generally This is the most important piece of information that appears on the piece and is requested by numismatists.
• Verify that your coin is not fake or a copy of: Make sure the surface layer is not a forged metal.
• Assess its security status: Check the surface patina and its color. You should check if the coin shows signs of oxidation. The condition of the rim and cord will indicate whether it has been trimmed, resealed or resealed.

How about a 2 bolvares coin worth thousands of soles?

The 2 Bolivar coin is made of silver, from 1967, with the liberator Simon Bolivar in the center facing left, with the original engraver’s name BARRE. The words Bolivar and Libertador are inscribed on the left side and on the right side.

The reverse of the coin features the national shield with a horse facing left: “April 19, 1810,” “Independence,” “February 20, 1859,” “Confederation,” and “Republic of Venezuela.” Value “2 bolivars” on the edge of the piece.

It is important to note that nearly 4 million coins were minted in the 60s, and their value depends on their condition. Also, a well-maintained copy can sell for as little as $35 and go as high as $795.

Where to sell dollar bills or collectible coins?

• Internet sites. Sites like Mercado Libre, Ebay and Amazon are often used by collectors to search for a missing piece. Note that many of these sites charge commissions for selling any product.
• Groups in social networks. Facebook groups are also often used to sell these products. This way, as long as the piece is sought after by collectors and isn’t a common item that doesn’t generate interest, there is room to negotiate prices.
• Numismatic houses. These companies are located in many countries of the world. In them, you can sell your coin or collector’s note, if the piece is of interest to the owners. If it is very ordinary, they will only give you the price per kilo or quantity.
• Numismatic events. These conferences are held all over the world and are interesting places to sell or exchange numismatic pieces because many collectors who are interested in buying new pieces attend.