Old Coins Can Be Worth More Than You Think

There are many types of worth when it comes to old coins. One type of worth comes from when there was an error made at the time of stamping, such as a 1999 Lincoln cent with the reverse of a Roosevelt dime or a single Indian cent struck by two obverse dies, both dated 1869. Coins such as these are rare and hard to find, because as soon as the error was discovered, striking would stop, so there weren't too many of these type of coins made. Hence the value comes from the error and the scarcity of these coins. Also the grade of the coin and whether it has been circulated or uncirculated will determine the value as well.

The other type of worth comes from the precious metal content such as US silver dollars (1935 and earlier) were made with 0.77 ounces of silver each. With the price of silver today being around $14.00 an ounce, you can see that the silver dollar with 3/4 of an ounce is worth more than a dollar. US dimes, quarters and half dollars dated 1964 or earlier are 90 percent silver. US half dollars dated 1965 through 1970 are 40 percent silver. The value of the silver coins varies with the spot price of silver. Precious metals spot prices are available at Kitco Inc.

Remember that just because a coin is old does not mean that it will be worth any more today than it was worth 10 or 20 years ago, or that it will be worth more in 10 to 20 years from now. Invest in a good guide book such as "A Guide Book of United States Coins", and always get a second opinion before you buy or sell.