Collectible Precious Metal Coin
Collectible Previous Metal Coins are currency in the form of coins that are either made from precions metals
- Collectible coins are usually made from gold, silver or platinum
- Value of the coin is measured in two parts:
- The value of the amount of precious metal in the coin (bullion value)
- The value attributed to rarity or condition (numismatic value
- Example:
- The total market value of a rare coin from 1776 might be $5,000
- The value of gold in a coin might be $1,000 at today's market prices
- The numismatic value might be $4,000 given how rare the coin is
- Grey Sheets is a pricing server dealers can use to measure the value of coins
- You can send your coins to a professional rating service to get each one rated
- PCGS Processional Coin Grading Services is an example
- Rates help determine how valuable a coin is
- coins can be rated on a large scale: ungradable --> Min Standard