Factors that Influence the Value of Collectible Coins
If you are interested in collecting coins, its important to be able to have a rough idea of how much coins are worth. Knowing how coin values are determined will enable you to find good deals, and ensure that you dont get cheated into paying too much money for a coin with a low worth.
Supply Influences Coin Values
One major factor in determining coin values is the law of supply and demand. If there are many coins of a particular type available, that coin will not be worth much. On the other hand, if only a very few coins of that type are produced, the coin values will rise. This is why a completely normal-looking copper penny minted in 1943 is worth about $200,000, whereas a 2,000 year old Roman coin may be worth less than $100 because thousands upon thousands of Roman coins were minted, but only 40 pennies produced during war-time 1943 were made out of copper.
Demands Effect on Coin Values
Even among coins with a similar number of copies in existence, some have a higher worth than others. This is because some coins are in higher demand, driving up the coin values. Coins may become...
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