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New To Collecting And Need Help Please

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20 Posts
 Posted 11/08/2012  1:43 pm Show Profile   Bookmark this topic Add adavis13 to your friends list Get a Link to this Message Number of Subscribers
sorry if this is in the wrong place but I need help with a German coin. when I tried to look it up the info was all over. some saying they are worth $5 and others said $440 for the same mint year and grade. I'm starting to think I'm in over my head lol and the mark above his eye isn't on the coin its a tear in the plastic. thanks everyone

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ninamason's Avatar
United States
1227 Posts
 Posted 11/08/2012  2:08 pm  Show Profile   Bookmark this reply Add ninamason to your friends list Get a Link to this Reply
That is a beautiful coin! However, I'd recommend asking the mods if they'll move this to world coins for you; we all have our own personal specialties, and some of the people there will be able to pinpoint this for you better than, say, someone who collects modern American coins.

As for its value, I'll explain the best I can before sending you off to the world coins-ers: coins have something called "grade," which means how close they look to their original state. In the US these are on a 70-point scale, with 01 being the lowest and 70 being the rare, sought-after highest that not even all brand-new strikes attain. The grades are separated into classes: Poor, About Good, Good, Very Good, [Almost Fine], Fine, [Very Fine], Extremely Fine, Almost/About Uncirculated, Uncirculated, Mint State. (The classes in brackets are descriptors I've seen, but I'm not completely sure they actually fit on the scale.) Because coins don't stay in that top Mint State, MS bracket for long, they're worth more in that state; for example, I have an Indian Head cent in VF worth about two dollars; if it was in MS-64, it'd be worth $119. It's very likely that the discrepancy in the pricing on your coin has to do with where different coins fall on the scale.

And,
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jbuck's Avatar
United States
189555 Posts
 Posted 11/08/2012  2:25 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
However, I'd recommend asking the mods if they'll move this to world coins for you...
Done.

to the Community!
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20 Posts
 Posted 11/08/2012  3:17 pm  Show Profile   Bookmark this reply Add adavis13 to your friends list Get a Link to this Reply
thank you very much
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20 Posts
 Posted 11/08/2012  3:59 pm  Show Profile   Bookmark this reply Add adavis13 to your friends list Get a Link to this Reply
no one is able to give me info on this here either?
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Belgium
83 Posts
 Posted 11/08/2012  4:48 pm  Show Profile   Bookmark this reply Add Jupke to your friends list Get a Link to this Reply
We are looking at a 2 mark coin of the Federal Republic of Germany, minted in the year 1964. From what I can make of the picture, it is a mint mark G (next to the big 2 on the reverse). This G is the mint mark used by the German mint located in Karlsruhe.

This series was minted from 1957 to 1971, all in Cupper nickel of 7.0 grams and a diameter of 26.75 mm. The edge is lettered "EINIGKEIT UND RECHT UND FREIHEIT" (meaning " UNITY AND LAW AND FREEDOM" in English). This coin is registered in the Krause catalog as KM116.

Values for the 1964 G are (source catalog is Krause edition 2012):
Fine (F): 5 USD
Very Fine (VF): 10 USD
Extremely fine (EF or XF): 25 USD
Uncirculated (Unc): 125
It is always very difficult to assess the correct grade based on pictures, especially if they are very blurry like yours. The only exact grading can be done when you have the coin in hand, together with a magnifying glass. Take into mind also that there is a big difference between catalog value and real retail value (catalog value is 2 to 3 times higher than the retail value). Take also into consideration that a world catalog is no way near as exact in pricing as a detailed catalog of the country itself. Unfortunately I don't have a German catalog.
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fioti's Avatar
United States
4212 Posts
 Posted 11/08/2012  4:50 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
Minted several years. Planck was a Nobel winner, in Physics. Weighs 7gr. Dates on coin, birth & death.
KM116, I think. Circ. coin.
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20 Posts
 Posted 11/08/2012  5:25 pm  Show Profile   Bookmark this reply Add adavis13 to your friends list Get a Link to this Reply
thank you very much
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