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Recent Articles 22-Feb-2020

Rare Pre-Decimal Coins

Anna Fhaumnuaypol Pre-decimals are coins that everyone, whether you are a collector or just starting out, usually have in their collection which have the potential to truly worth a lot of money. It represents a very interesting look into the past since when it was first introduced in Australia in 1910.
25-Jan-2020

1942 and 1943 Bombay Mint Copper

Anna Fhaumnuaypol During wartime, the demand for pennies and half pennies increased immensely due to pay requirements of Australian and American forces within Australia. However, the availability of metals, especially copper and silver used for coins, was in shortage due to it being used for the war effort for munitions. Moreover, people were continuing to hoard silver and copper coins in money boxes for fear of instability resulting in banks running out of coins to function their day-to-day routine.
22-Nov-2019

Collecting Old Australian Coins

Walter Eigner Collecting old Australian coins provides a fascinating glimpse into Australia's history through its circulating coinage. While there is a general impression that old coins are too expensive for new collectors to collect that couldn't be further from the truth. For just a few dollars you could obtain a later year mint-state pre-decimal coin, and for less than the cost of a modern proof set you can purchase a George V (1911-1936) pre-decimal coin.
1-Nov-2019

The case for certified coins

Walter Eigner The debate on certified coins vs uncertified coins has been going on in Australia since PCGS first reached the mainstream Australian market back in 2008. While today most Australian coin collectors favour PCGS graded coins, a recent incident has reaffirmed the importance of and buying certified coins and valuing them first, especially when buying on-line.
5-Oct-2019

Valuing Old Coins

Walter Eigner By far the most common question we get asked is "what is my coin worth?" Perhaps you found a few old coins which is why you're here reading this article. Maybe you're a seasoned collector already looking to get more precise values for your coins than the printed catalogues can offer. Perhaps you're an investor looking to value your coin portfolio. This guide will cover all of that.
28-Sep-2019

The Silver of Edward VII

Walter Eigner Although Australia had been a nation since 1901, it wasn't until 1910 that her first official coins were produced. While the Melbourne mint was producing sovereigns and half sovereigns at the time, these were technically Imperial British coins. The first coins issued specifically for Australia were struck in silver and of the denominations threepence, sixpence, shilling, and florin. These featured the Australian Coat of Arms on the reverse and the crowed bust of King Edward VII on the obverse.
10-Sep-2019

Sydney Mint Half Sovereigns

Walter Eigner The discovery of gold in the colony New South Wales in 1851 prompted a surge of immigration among prospectors seeking wealth in the new colony. This lead to the production of half sovereigns in Sydney as of 1855. Only 3.3 million half sovereigns were produced from 1855 to 1869 resulting in individual years being very scarce and valuable. To add to this, the high bullion content of Sydney mint half sovereigns, which were alloyed with silver, compared with their British counterparts, which were alloyed with copper...
Previous Page: IntroductionNext Page: What coin do you have (part 2)

Valuing Old Coins

What coin do you have

Identifying your coin is usually the easy step. Try to work out the following about your coin first:

  • What country is it from?
  • What year was it minted in?
  • What is its denomination or face value?

Take this coin for example. we can see on the reverse side that itís a 5 cents coin from the state of North Borneo struck in 1928. This was a particularly easy example because all the details are clearly written on one side of the coin, plus the coin has been certified by PCGS and they've identified the same (more on certification later).

There are other factors that come into identifying a coin but first, lets look up the coin on NumisTip.

Typing the coin details into the NumisTip search box only returns one result, so there isn't really any further need to identify other characteristics of the coin. Let's click it to get the values.

NumisTip provides both retail and wholesale values. Retail values are what you would typically expect to pay to source the coin, while the wholesale values are what you can expect to receive if you were to try to sell the coin. In this case, as this coin has already been certified by PCGS at MS66, a very high grade, we are ready to look up the price. The wholesale value for 2019 is $180, and the retail value is $440. Congratulations, you've valued your first coin.

Not every coin is this easy to value though.

Previous Page: IntroductionNext Page: What coin do you have (part 2)