![]() ![]() ![]() Ultimately, any coin collector wants a coin in the best condition he can find it - preferably uncirculated and without any evidence of wear or aging. For example, a 1955-S Lincoln Wheat Cent in mint condition might be worth $25 while a circulated Indian head cent from a half century earlier might be worth $1 or less. The fact that people like collecting cents and that acquiring a full collection of cents - whether Lincoln cents or Indian cents - is a satisfying end goal drives up the value of all cents and the value of rare cents considerably.Ĭondition makes a huge difference too. These coins are accessible through regular commerce, and it’s fun to track down all the different varieties. One protip for getting a young coin collector more excited about the hobby is to have them collect cents. ![]() There are many different types of cents, including small and large cents. As time goes on, most cents will be lost to attrition, either misplaced, worn, or otherwise destroyed, making the ones still available more valuable because of their scarcity and, more importantly, because people like to collect cents. Brand new cents - or pennies as we colloquially refer to them - are worth only their face value because there are so many of that particular version. It is true that as a coin ages, it tends to accrue more value. You can have an incredibly rare item, but if no one wants it, it’s not worth anything. However, if there is no great demand among coin collectors for a certain coin, its value is going to be low. Coin dealers consider a number of factors when they value coins, including availability, metal content, condition, and the current popularity of specific coins. Ultimately, supply and demand determine the value of a coin just as they determine the value of everything else in a free economy. Old Coins Aren’t Valuable because They Are Old Here we will talk about this myth about old coins and what does affect the value of coins, old or new. People who are new to coin collecting may assume that because many of the coins in numismatists’ collections are old that age is what makes them valuable. ![]()
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