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Universal Coin Buyers
 We Buy It All
  Buying Coin Collections from Estates, Inheritance and Collectors looking to sell.  We buy it all!

 
 

Are All Old Coins Valuable?
The short and easy answer is no.  While a coin almost always retains its face value (the amount stamped on the coin), not all coins are rare, and not all coins have a value above face value.  Coin values depend on several factors, such as condition of the coin, scarcity of the coin (usually related to mintage but not always) and demand.  Sometimes the rarest coin is not always the most valuable.  Just like anything, when there is a demand for a certain coin, the prices goes up.
Here are several examples using Lincoln Cents.  In 1953, the US Mint in Denver made over 700 million Lincoln Cents.  The US Mint in Philadelphia made only 256,883,800.  You could argue that the coins from Philadelphia for that year are over 2 and Ĺ times scarcer, and you would be right.  You could further then make an argument that the coins from Philadelphia should be much more valuable, and that is where the problem is.  The demand for the two coins is about equal, and that demand is very minimal.  Of the 256 million coins made at Philadelphia, I would venture to guess that well over 200 million are still out there somewhere.  While they may be sitting around in coffee cans, old collections, etc, there are way more coins available than collectors need.  Thus, there is no price difference in these two coins.  This actually holds true for almost ALL Lincoln Wheat Cents from 1940 through 1958.  Some would argue that coins from 1934 through 1958 can also be lumped in there.
Now letís look at the 1931-S Lincoln Cent and the 1914-D Lincoln Cent.  The 1931-S cent has a mintage of 866,000 while the 1914-D had a mintage of 1,193,000.  While there were more 1914-D coins produced, the 1914-D coin is nearly twice as value in G4 condition as the 1931-S.  How can this be?  Well, even though the 1914-D had a higher mintage, there was a lower survival rate.  The 1914-D was not recognized as a coin that would be rare for some time after its issue.  So, most 1914-D coins went into circulation and were used.  Many 1914-D coins are quite worn and many were lost, as were many coins from that period of time.    Just the opposite occurred with the 1931-S coin.  It was recognized that it would be scarce almost immediately.  Consequently, collectors took them out of circulation immediately.  Many were saved before they hit circulation.  There are a very high number of uncirculated coins for this year.  It is actually quite uncommon to find a 1931-S coin in G4 condition.  When you look at the price guides, you will see very little difference in price between a G4 coin and a VF coin.  Whereas a 1914 D coin more than doubles in value from a G4 to a VF, the 1931 S coin only goes up around 10-20% in value between those grades.
Another good example is the Jefferson Nickel.  If you found a nickel from 1958, you might think you hit the jackpot.  While the coin is over 50 years old, and you hardly ever see one, the demand is nil, and the supply is actually quite high.  While some coin value guides may give it a value of 20 cents or more in circulated condition, the reality is, it hardly has any value over face. 
As you can see, putting a value of coins can sometimes be tricky.  If you have coins to sell, please contact us and I will provide you a quote.

 

We are Buying The Following

 

Cents

Flying Eagle Cents

Indian Head Cents

Wheat Cents (Lincoln Cents)

Lincoln Memorial Cents

 

Nickels

Shield Nickels

Liberty Nickels

Buffalo Nickels

Jefferson Nickels 1938-1959

 

Silver Dimes

Seated Liberty Dimes

Barber Dimes

Mercury Dimes

Roosevelt Dimes 1946-1964

 

Silver Quarters

 

Seated Liberty Quarters

Barber Quarters

Standing Liberty Quarters

Washington Quarters 1932-1964

 

Silver Half Dollars

 

Seated Liberty Half Dollars

Barber Halves

Walking Liberty Halves

Franklin Halves

Kennedy Halves 1964-1970

 

Silver Dollars

 

Peace Dollars

Morgan Dollars

Trade Dollars

Seated Liberty Dollars

 

 

 

 

 

 

We also buy the Following


Half Cents

Large Cents

Two Cent Pieces

Three Cent Pieces

Half Dimes

Twenty Cent Pieces

US Mint Issued Commemorative Coins

Silver Bullion Coins

Paper Money

Foreign Coins and Notes

Mint Sets

Proof Sets

 

 

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