Note: Price indicators on this FAQ are for common dates ONLY.
Other coins should be evaluated on an individual basis.
Where should I start?
We recommend the purchase of a coin catalog. This will not make
you an expert, however, it will show you by date and mint mark the coins
which are more valuable. Remember that the catalog is intended to
be a price guide and is not an exact indicator of actual Buy-Sell transactions.
Just like the stock market, the market supply and demand for certain items
cause the value of your coins to either increase or decrease.
The price indications on this FAQ are for common dates of each 'type.'
Other coins should be evaluated on an individual basis
Back To the Top of The Page
Should I invest in Coins?
In recent years, coins as an investment has not been rewarding. With
inflation in check, all collectible investments have performed poorly.
(Naturally, there are exceptions) In the 70's and 80's, coins were considered
the best investment of their day. Coins outperformed the Stock and real
estate markets. I can't see the future, but the old adage of buying straw
hats in the winter time has always been sound advice. In other words, buy
items that are out of favor and hold for the new cycle. Every dog has its
day.
Back To the Top of The Page
What is Gold Bullion?
Gold Bullion is a Gold Bar (or Ingot) or a coin that carries a premium
of 15% or less over the actual gold content. We use 15%, because that is
the figure the US government determined for sales tax purposes. Sales Tax
exemption on a minimum purchase of $1,000 in gold bullion is allowed.
Back To the Top of The Page
What are my coins worth?
Please be sure to check our "appraisal" section for current prices of commonly asked coins!
A coins value depends on the following:
-
Condition or Grading - the amount of wear in details; the amount
of damage.
-
Mint Marks - usually a letter denoting where the coin was minted;
Values of coins with the same dates may have different mint marks and be
worth substantially different amounts. (The omission of a mint mark
denotes the Philadelphia Mint)
-
Rarity - the number of coins minted and the amount of surviving
pieces
-
Supply and Demand - the desiribility of the item; The amount
of people looking for a particular item in relation to the market supply.
A person not experienced in
coin grading generally believes a coin is of a higher condition because
"I can see everything clearly." This is not a valid description to have
a coin evaluated.
A coin must be seen by a
professional to accurately evaluate an item.
Back To the Top of The Page
I have a Wheat Penny. What is it worth?
The majority of wheat pennies are common and are currently worth about 3 cents each. Only those
of a low mintage with the right combination of date and mint mark are worth more.
Back To the Top of The Page
I have a Silver Penny. What is it
worth?
During World War II, there was a great need for copper for the war effort.
In 1943, Zinc was substituted for the copper. This coin is worth approximately
10 cents.
Back To the Top of The Page
I have a Buffalo Nickel. What is
it worth?
Buffalo Nickels must show a full date and have a value of forty cents
each and up. Buffalo nickels with excessive wear showing no dates are worth
about fifteen cents.
Back To the Top of The Page
I have a Silver Dollar. What is
it worth?
Silver dollars issued prior to 1936 have a value of $10.00 and up based
on a collectible condition of at least "Very Good" which means a full rim
and some hair detail without any other damages.
Back To the Top of The Page
I have a Silver Certificate.
What is it worth?
Silver certificates of one dollar denominations of issues 1935, 1957
in worn condition are valued at $1.40, at $2.00 in almost new condition,
and $4.00 in mint condition. Those dated 1935, 1934, 1928 are valued
at $5.00 and up. $5.00 denominations are worth $8 and up, while $10.00 denominations are worth $20 and up. Above notes can not be torn or written on to have stated values.
Back To the Top of The Page
I have Silver Coins. What are they
worth?
Dimes, quarters, and half-dollars that were minted prior to 1965 are 90% Silver and have a value greater than their face value due to the silver
content contained, not due to rarity. 100's of millions of these coins
were minted. Present value is based on a calculation of the price of spot
silver on the commodity markets. Exact pricing depends on demand and quantity
at a given time. As of late each $1.00 in face value is worth between
$7.00 and $8.00 per $1.00 in silver coins. Half dollars issued from 1965-1970
are only 40% silver and have a current worth of $1.40-$1.70. Coins in Mint
Condition (never used) and rare dates are evaluated on an individual basis.
Back To the Top of The Page
I have none of the above. What should I
do?
You have four ways you can contact us:
-
By Phone - Call Us at 212-768-7297 or Fax Us at 212-768-7299 Tuesday thru Thursdayu 9am-5pm EST.
-
By Mail
CDI
c/o Bob Morton
PO BOX 267
Woodbury, NY 11797
-
By Email - Send email to:newyorkcoins@mindspring.com
-
From Our WebSite - Fill out our on-line
appraisal form
Back To the Top of The Page
Where can I get a coin catalog?
You can try your local library or book store. We can offer links to the following recommended books:
A Guide Book of United States Coins : 2007
The Official 2007 Blackbook Price Guide of United States Paper Money
2008 Standard Catalog of World Coins: 2001 to Date
2008 Standard Catalog of World Coins 1901-2000
2007 Standard Catalog of Modern World Gold Coins 1801-present: 1801-present
Standard Catalog of World Coins: Eighteenth Century 1701-1800
Standard Catalog of World Coins: 17th Century - 1601-1700
Collecting World Coins: More Than a Century of Circulating Issues- 1901-present
Note: All the Foreign Coin Books are large reference books the
size of telephone books and contain all countries by dates rather than
types.
Back To the Top of The Page
How can I get in touch with Coin Dealer Inc?
You currently have four options:
Back To the Top of The Page
