Rare coins prices depend on a lot of factors and we
will discuss some of them here:
1) Coin Grading: Value of rare coins depends a lot
on the coin grading. Usually,
even a difference in 1 grade makes coins 2-3 times more expensive.
2) Mintage or how rare the coin is also affects the
value. Coins minted in low mintages would have a better value
in the series. Even if 2 coins look and grade identical and
only differ in 1 year, the coin with the lower mintage for
the year will have higher value.
3) Coin Market: - Demand and Supply for coins creating
a coin market, where value of the coin would be influenced
by a lot of political and economical factors. For ex: Some
of the rare old coins from Eastern Europe would cost very
little only, because there is a little demand and people can't
afford to have the luxury of collecting coins. NOTE: We can
see that this is changing now and some coins from Eastern
Europe, especially Russian coins have a huge opportunity to
increase in value and already started to become expensive
even for serious investors.
4) Rare Silver Coins and Rare Gold Coins -
There is an increasing demand in rare coins made from precious
metals, such as silver and gold. The value of these rare coins
grown dramatically in last years affected by increase in commodity
prices and high demand. Refer to Silver
Coins page and Gold Coins
page for more information about rare silver coins, rare gold coins and rare gold coins value.
5) Error Coins - Some collectors specialize in so-called
error coins. These are the coins that have been minted in
error or with some unintended mistake in design. Prices of
error coins vary considerably, and are based on denomination,
date (if the date is visible), how significant the error,
error type, how scarce the error is, and the dealer's demeanor.
NOTE: Be aware that values of error coins have been
stable and steady over the decades. This is not an investment
hobby, but an enjoyable and educational experience, and a
good illustration of our imperfect world.
Please refer to the Coin Values
page for more information about rare coin value and rare coin prices.