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Confused about silver currency
6/8/2011 11:25:40 PM
Pardon the stupid question but I have very limited knowledge of this type of investing.
I have a stash of silver eagles, mercury dimes, roosevelt dimes, etc that I inherited from family members. How can I tell what these are worth? Is it whatever silver happens to be trading at, i.e. a silver eagle is worth approximately $36, and a mercury dime is roughly $2? Are certain coins more rare causing their value to be more than just the silver content alone? Does the coins condition have an impact?
Thanks
I have a stash of silver eagles, mercury dimes, roosevelt dimes, etc that I inherited from family members. How can I tell what these are worth? Is it whatever silver happens to be trading at, i.e. a silver eagle is worth approximately $36, and a mercury dime is roughly $2? Are certain coins more rare causing their value to be more than just the silver content alone? Does the coins condition have an impact?
Thanks
6/8/2011 11:50:20 PM
This wonderful website, Coinflation.com, will give you up to date values of U.S. coinage based on metallic content at melt.
This website is a wealth of precious metal information including spot prices of PM's: http://www.kitco.com/
Many factors influence the value of a coin.
Precious metal content is linked directly to the market price of the metal.
Numismatic value is a little less tangible and far more complicated.
Condition, rarity and desirability are but a few of the factors.
Some of them are quite subjective.
For instance, I do not collect Isle of Mann gold cats but I do give them as gifts occasionally.
Every year the mint strikes a different design in several denominations.
If you look at the prices for 125th oz cats you'll see that a couple of the designs are a little more expensive and that the 1990 Alley Cat is unavailable.
The 1988 Manx was the first in the series, hence desireable to collectors. It's also the breed that is native to the Isle of Mann.
The Siamese and Maine Coon are specialty breeds and many people either own or breed them.
The 2003 Balinese kittens are both a rare breed and kittens, who doesn't love kittens?
But the really collectable one that is getting hard to find and is very expensive is the alley cat.
Why? it's the only one in the series that is not a purebred animal.
None of this has anything to do with the price of gold.
This website is a wealth of precious metal information including spot prices of PM's: http://www.kitco.com/
Many factors influence the value of a coin.
Precious metal content is linked directly to the market price of the metal.
Numismatic value is a little less tangible and far more complicated.
Condition, rarity and desirability are but a few of the factors.
Some of them are quite subjective.
For instance, I do not collect Isle of Mann gold cats but I do give them as gifts occasionally.
Every year the mint strikes a different design in several denominations.
If you look at the prices for 125th oz cats you'll see that a couple of the designs are a little more expensive and that the 1990 Alley Cat is unavailable.
The 1988 Manx was the first in the series, hence desireable to collectors. It's also the breed that is native to the Isle of Mann.
The Siamese and Maine Coon are specialty breeds and many people either own or breed them.
The 2003 Balinese kittens are both a rare breed and kittens, who doesn't love kittens?
But the really collectable one that is getting hard to find and is very expensive is the alley cat.
Why? it's the only one in the series that is not a purebred animal.
None of this has anything to do with the price of gold.
6/9/2011 9:57:16 PM
Originally Posted By ColonelHurtz:
This wonderful website, Coinflation.com, will give you up to date values of U.S. coinage based on metallic content at melt.
This website is a wealth of precious metal information including spot prices of PM's: http://www.kitco.com/
Many factors influence the value of a coin.
Precious metal content is linked directly to the market price of the metal.
Numismatic value is a little less tangible and far more complicated.
Condition, rarity and desirability are but a few of the factors.
Some of them are quite subjective.
For instance, I do not collect Isle of Mann gold cats but I do give them as gifts occasionally.
Every year the mint strikes a different design in several denominations.
If you look at the prices for 125th oz cats you'll see that a couple of the designs are a little more expensive and that the 1990 Alley Cat is unavailable.
The 1988 Manx was the first in the series, hence desireable to collectors. It's also the breed that is native to the Isle of Mann.
The Siamese and Maine Coon are specialty breeds and many people either own or breed them.
The 2003 Balinese kittens are both a rare breed and kittens, who doesn't love kittens?
But the really collectable one that is getting hard to find and is very expensive is the alley cat.
Why? it's the only one in the series that is not a purebred animal.
None of this has anything to do with the price of gold.
This wonderful website, Coinflation.com, will give you up to date values of U.S. coinage based on metallic content at melt.
This website is a wealth of precious metal information including spot prices of PM's: http://www.kitco.com/
Many factors influence the value of a coin.
Precious metal content is linked directly to the market price of the metal.
Numismatic value is a little less tangible and far more complicated.
Condition, rarity and desirability are but a few of the factors.
Some of them are quite subjective.
For instance, I do not collect Isle of Mann gold cats but I do give them as gifts occasionally.
Every year the mint strikes a different design in several denominations.
If you look at the prices for 125th oz cats you'll see that a couple of the designs are a little more expensive and that the 1990 Alley Cat is unavailable.
The 1988 Manx was the first in the series, hence desireable to collectors. It's also the breed that is native to the Isle of Mann.
The Siamese and Maine Coon are specialty breeds and many people either own or breed them.
The 2003 Balinese kittens are both a rare breed and kittens, who doesn't love kittens?
But the really collectable one that is getting hard to find and is very expensive is the alley cat.
Why? it's the only one in the series that is not a purebred animal.
None of this has anything to do with the price of gold.
Thanks for the links and info, I'll check out those sights.
