Foreign Coins - Appraising Your Coin Collection

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Copyright 2015 by Kevin Flynn, All Rights Reserved

Many people also collected foreign coins, especially from places they traveled to. Foreign coins can come in many sizes and shapes. One of the nice things about foreign coins is that they are usually readily available and affordable. Foreign coins, even older ones, can be much cheaper than United States coins from the same time frame.

What is the best way to determine the value of these coins? One of the best resource to identify the coins and get an idea of value is eBay. Many foreign coins are on eBay here and most have photographs to assist in identification. If you can read words on the coin and type them in through the search on eBay, you should be able to quickly find similar coins. If you cannot read the words, either because of the grade and condition of the coin or because it is in a language you do not understand, use the date and denomination of they are readable.

Once you fully identify the coin, the internet is a great place to learn more of the history, what the images represent, when and how the coins were used in commerce, and value. Coin shows are usually a good place to find a dealer who specializes in foreign coins. Just like U.S. coins, it is important to research and learn about your coins, and separate out those coins that are more valuable. Imagine having a bag of coins, that have some silver and gold coins mixed in and a dealer purchasing the coins as bulk.

Like segmenting U.S. coins, best method to appraise your foreign coins is to conquer and divide the coins by country if possible, making a list of dates and certain wording, then searching on the internet or eBay for similar coins. Make sure you seek and separate out any silver or gold coins. For some coins examined, it was difficult to determine if silver was used in part of the alloy. Finding the coin on the internet was the best way to determine what it is made of.

For most foreign coins, as they are worth little money, the most enjoyable method of distributing them is giving them to kids, many of whom will be fascinated by the coins, and may inspire them to begin collecting.

Normally little time is spent on foreign coins during an appraisal. The main objective is showing the owner how and where to determine the value themselves. If someone is appraising your collection and is charging your by the hour to access the content and value, it is better that you do not spend their time and your money checking these coins. Check them before they get there and isolate those coins you still have a question on.

Previous: Modern Proof Sets
Next: Mint Error Coins - Fred Weinberg
Copyright 2015 by Kevin Flynn, All Rights Reserved

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