Value of Old Coins

Old coins are becoming highly collectible. This is causing the price of them to go up. Many old coins that previously were not very collectible have become valuable. In 1964, the U.S. Mint issued its last 90 percent silver dime, quarters and half dollars. In later years they issued some proof sets that were 40 percent silver. These are worth more than the regular issue coins for those years. The 1964 and older silver coins are worth an average of five times the value that is printed on the coin.

If you want to quickly find the value of your old coins, go to Heritage Galleries and Auctioneers. The site has a great deal of information and you can find almost any U.S. coin. The American Numismatic Association is also a good web site to check out.

In 1943, during WWII, the Mint made steel pennies because the copper was needed for the war effort. A magnet will pick a steel penny up. Each one is worth about a dime, depending on the condition of the coin.
In 1943, a few copper pennies were minted. They are worth around $20,000. The Indian Head penny is worth around $3 each. The old Buffalo nickel can be worth up to $1. Many people have collected the pre-1964 silver coins and the value of these continues to increase. When you have a large stash of old coins that you have collected over the years, you must go over them carefully to find the dates or markings that make the coin valuable. If you decide to sell them, be sure to go to a reliable coin dealer.