How to Know the Value of an Old Gold Coin

Do you have an old gold coin, but are all clueless about it and what it's worth? Here is a bit of trivia on gold coins: did you know that the 1933 Double Eagle US Gold Coin is considered as the most expensive coin ever sold? It was auctioned off in Sotheby's for more than $ 1.7 million in July 2002. This was because very few coins survived after they were all collected and melted a year later.

Whether you are a collector or a hobbyist, you can make the most out of your old gold coin. The first thing you have to do is find out its value. Who knows? It may be worth something, too.

There is a criterion that appraisers use to determine the value of an old gold coin, or any other type of currency for that matter. The year it was minted is very important, especially if very coins of the same kind were actually circulated. This also determines its rarity. A lot of times, the condition is important, such as the absence of dings or scratches. For some collectors, damage to the coin is something that can up its value. You can search online for similar coins just like the gold on that you have. If you need more background, forums for coin collectors or numismatists can help you out.

If you still need a little extra help on this matter, then you can take your old gold coin to an expert numismatist, an antique shop, or a museum. A professor or researcher from a college or university in your area may also be able to assist you. These experts are likely to have experience on this matter, and they can have ready access to photos, books, and literature to refer to in case you need extra information on your old gold coin.

Now that you have determined the value of your old gold coin, then what are you going to do with it? For most people, these pieces of history are worth maintaining as family keepsakes. For others, such as avid numismatists, old gold coins are worth investing on, and they can be kept in collections or even sold online to other interested collectors. Depending on the value of the coin, you can opt to auction it off on the internet, or you may have it framed to keep for yourself.

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