October 1, 2007 8:46am CST
How much does an old coin costs? What is the minimum and what is the maximum price of it? If I surrender an old coin to a bank, would they still be paying or they will just accept it and just say thank you? I was thinking of getting rid of my old coins, I feel like I don't need 'em anymore. So Hopefully someone will be able to reply to this discussions. If no one will respond, it will be fine. Thank you..
• United States
1 Oct 07
If you take your old coins to the bank, they won't give you what they are worth. If it is a nickle, they will give you 5 cents. You have to check with coin dealers. You can usually check on ebay and see if anyone is selling that coin and see what it is worth. My husband collect coins and he has one that is worth $1300 right now. He did buy it for $800, but at least is is worth more. Not all old coins are worth something, so do your research.
• United States
16 Dec 07
As said, it depends on what the coin is, and how old it is. You'd have to go to an appraiser to figure it all out. Be wary of trying to do it online, you are better off doing research for a real appraiser or doing the work yourself. Things to take in mind though. Don't clean the coins so it lends to authenticity. Damage, misprints are also worth improvers for coins and other historical assets. Some coins are worth more than the face value but again, that'll need more expertise and it depends on the coin in question. This might help you out just to get started Quawertz. http://www.ehow.com/how_17245_determine-value-coin.html
29 Dec 07
hi quawertz! i also would like to know. but i think it depends on the decade where your coins were produced. i have mine that dates to 1970s, (philippine coins), but they say, they don't worth much. they are just exchanged 1 is to 1. so maybe, i will just wait until they are valued more. i think i have 500 pieces of them. so that would be nice, they will be worth P100 each. hehehe thanks! God bless and happy new year!