Have you ever thought about those old nickels and dimes and what they might be worth today? Have you heard rumors that old coins are worth lots of money in today's modern society? Well, the answer to these questions is yes those old coins still have some intrinsic value today.
In order to determine a coin value or worth, it is based on the law of supply and demand. What this means is that coins that have lower than average production or that may not have survived well to this present day tend to have lower supply than their demand. Another major factor in determining the value of a coin is the condition or state of the coin. If it is in a good state, it is more likely to have a high value, as opposed to a poor or average state, which would probably have a lower value. The best place to sell coins and receive the most profit is on online auctions sites like Ebay.
It wasn't until 1965 that coins were issued in the United States without regard to melt value. Melt value is the idea of a coin being worth its value. For example, a silver dollar contained one dollar worth of silver, and so on. When looking to sell your old coins, one should consider identifying the country where the note was issued, the denomination of the note, the years or series the note was issued, and any other interesting or unusual characteristics.
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