PHILIPPINE COINAGE PROFESSIONAL

PHILIPPINE COINAGE PROFESSIONAL

If you want someone to appraise your paper money, the Society of Paper Money Collectors recommends that you visit a professional currency dealer.

You might also want to try the Professional Numismatists Guild's Dealer Directory, or the Professional Currency Dealer Association. The American Numismatic Association's offers a list of dealerships by state. The American Society of Appraisers and International Society of Appraisers have searchable directories of professional appraisers.Ī dealer might also be able to help. Hire a professional appraiser to grade your coins and tell you how much it is worth. The Pratt Library cannot appraise coins or bills. Mint and Collector's Corner offers a glossary and other basics on coin collecting. Here are some other sources of information about U.S. Guide Book of United States Coins (also known as the 'Red Book'), is considered the standard reference for U.S. If your foreign coin or bill is only worth its 'face' value, use OANDA to convert its value to U.S.

Once you know the date, country, and issue of a coin or bill, you can look up the value. If you are researching the value of an older coin or bill, keep in mind that the country's name may have changed over time.Banknote World includes scanned images of paper money.Nations Online offers a list of all the countries of the world and their local names.has a list of image, denomination, and keyword 'identifiers' that could help you figure out the issuing country.A coin or bill's design often includes the name of the country, in that country's official language.Some price guides have separate sections for commemoratives or other 'special' issues.Whether the coin or bill is a 'general issue' or a 'commemorative.'.Finding Values for Currencyīefore you begin looking for the value of a coin or bill, you need to know: Kitco gives live market quotes for gold, silver, and other metals that can be used to make this calculation. Multiply the result of the first calculation by the current price of the precious metal in the coin.This will establish how much of the precious metal you have to sell. Multiply the weight of the coin by the percentage 'fineness' of the coin (the percentage of the coin that is gold or silver).According to Roderick Hughes' Official Know-It-All Guide, Coins, you can find out the value of the metal if you: If a coin is too damaged to have value as a collectible, its metal content (the amount of gold or silver in the coin) may have a 'basal' value. If you're interested in paper money, refer to the International Bank Note Society's grading standards.If you're interested in coins, see the American Numismatic Association's Coin Grading brochure.There are specific standards that define what 'mint,' 'poor,' and other grades mean:.When a bill is in mint condition, it is worth more than the same bill in poor condition.Coins and bills can grade from 'mint' or 'uncirculated' (no signs of wear) to 'poor'.Most price guides give values for several grades.To see demand in action, look at the prices on eBay's coin and paper money page - when more people want to buy a certain item (a high demand), the price often goes up.The demand might be higher or lower in different areas of the world, or during different years.Rarity also involves the number of those coins or bills that are still around today.ĭemand varies according to the popularity and availability of a coin or bill: Rarity involves the number (or 'mintage') of coins or bills that were originally produced.

There are several factors that influence the value of a coin or bill: Wholesale value can also be a discounted price that a dealer would accept from a buyer who is purchasing in large quantities. Wholesale value is the price for which a dealer would sell a coin to another dealer. So, if a dealer wants to stay in business, they usually offers lower buy prices than retail prices.

Retail value is the price for which a dealer would sell a coin or bill to you. This price is called the 'book' value because you would typically find it in a published book such as the Standard Catalog of World Coins.īuy price is the price that a dealer would be willing to pay you if you sold them your coin or bill. Basically, there are four different types of 'value' for coins and bills:īook value is an average of many dealers' retail prices for a certain coin or bill - in other words, what the average dealer would sell it for.

Philippine coinage