3 Secret Factors In The Value Of Gold Coins
Some factors in determining the value of a gold coin are obvious, like condition, rarity, weight, and age. However, there are certain factors that are less obvious, and can make a huge difference in the price and value of your gold coins, especially when dealing with an experienced buyer or dealer. While some of these factors are well within your control, like the difference between selling a “sight seen” as opposed to a “sight unseen” coin, while some are totally out of your control, like recent transactions by the buyer.
Here are three factors that you might not know are affecting your gold coin values:
“Sight Seen” vs “Sight Unseen” Coins
This is one of the less concrete factors in determining the value of a coin, but can still be important when dealing with experienced buyers. The basic difference between “sight seen” and “sight unseen” coins is that coins that are “sight unseen” are typically bought without seeing the coin individually, as if in a lot, and are usually generic, low-value coins. Coins that are “sight seen” typically command a higher price because the buyer can look at the coin in detail before he or she buys.
This one is a smaller factor in determining the value of a coin, but can be important in selling to smaller dealers or individuals. If a person or dealer has recently bought several of a coin that you are trying to sell will likely pay a lower price. This part of demand is the easiest to track and observe, as it is clearly visible upon seeing a shop’s shelf inventory.
In regard to this factor, holding on to your coins for a while can pay off if your buyer has recently purchased several of the type of coin you’re trying to sell.
Value in a Set
A coin being in a set or individual can have a big impact on price, either raising it or lowering it. For example, a set of 50 State quarters from the 2000s is more valuable than the individual pieces. On the other hand, a set of Indian Head $10 pieces with one ultra rare piece and several more common ones will likely go for little more than the price of the one rare coin individually, meaning the rest of the coins are worth almost zero as a part of the set.
While supply and demand, condition and rarity are obvious ways to measure a coin’s value, a few lesser-known factors can still affect this important characteristic. While you might not think about it often, giving some thought to a coin’s placement in a set, it’s relationship with a potential buyer, and what the buyer has already in his or her collection can all raise the price they’re willing to pay.
If you want to know more or have other questions, contact a company like Dubin Rarities.