coins value
What determines coin value?
Basic keywords are "scarcity", "demand", "condition", and "circulation".
Why four factors are important?
Because of the factors that are related with the "supply and demand" and the "quality" and the "circulation".
(※ The "circulation" may be included in the "scarcity and demand". )
These four main factors go into how much a coin will be worth. These factors are (1)the scarcity of the coin, (2)the demand for the coin, (3)the condition of the coin and (4)the circulation of the coin.
One of the best known success stories of the many collectors is the next one.
The collector's name is New York attorney Harold S. Bareford. From 1945 to 1955, he accumulated one of the most complete collections of U.S. gold coins ever seen. The total cost of the collection was $13,832. When this collection was auctioned in 1978, it realized $1,287,215.
As a guide for the future, the important point is quality not quantity. Higher quality coins are much rarer than lower quality coins. They also offer the greatest aesthetic pleasure and are more likely to attract serious collector demand.
We can learn a lesson from the story.
The value of the coins is influenced greatly by rarity, quality and demand.
