How to Determine the Value of Ancient Coins and Where to Sell Them

2023-11-28 17:30:00

Most people usually question whether the old coins they have somewhere in the house have a value regardless of their characteristics and age. Therefore, it is important to take them to a numismatic appraiser to know their cost or you might apply some advice that will be provided below.

HOW DO YOU KNOW IF ANCIENT COINS HAVE VALUE TO COLLECTORS?

Those people who wish to know the estimated value of their ancient coins without having to turn to an expert will have to follow the following recommendations to be able to identify them:

Check the year of minting: it usually appears on the piece and is a very important piece of information that numismatic specialists ask for. Check that your coin is not an imitation or replica: make sure that the surface layer is not made of fraudulent metal. Evaluate its state of conservation: check the surface patina and its color. Then you have to check if the coin shows signs of oxidation. The condition of the edge and cord will indicate whether it has been trimmed, re-stamped or re-sealed.

WHAT IS THE 2 BOLÍVARES COIN WORTH THOUSANDS OF SOLS LIKE?

The 2 bolivar coin is made of silver, from 1967 and has in the center a figure of the liberator Simón Bolívar looking to the left with BARRE, the name of the original engraver. On the left side the word Bolívar and Libertador are engraved on the right side.

On the reverse of the coin in the central part is the National Shield with a horse that is facing left and with the legends: “April 19, 1810”, “independence”, “February 20, 1859”, “federation ” and “Republic of Venezuela”. On the edge of the piece the value of “2 bolivars”.

It is important to mention that there were almost 4 million coins minted in the 60s and the value of these depends greatly on the condition they are in. And, if a copy is well cared for, it can be sold from $35 and go up to $795.

WHERE TO SELL DOLLAR BILLS OR COLLECTIBLE COINS?

Internet platforms. Pages such as Mercado Libre, Ebay and Amazon are frequently used by collectors to look for a missing piece. Keep in mind that on several of these sites they charge commissions for selling any product. Groups on social networks. Facebook groups are also often used to sell these products. Through this means, there is the opportunity to negotiate prices, as long as the piece is sought following by collectors and is not a common object that does not generate interest. Numismatic houses. These establishments are located in several countries around 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 pay you only the price per kilo or quantity. Numismatic events. These conventions are held all over the world and are interesting spaces to sell or exchange numismatic pieces, since many collectors interested in acquiring new pieces attend.
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