There are many reasons people take up coin collecting. It is a good hobby wherein collectors can appreciate the history behind the coins. It is a good way to invest in antiques. Therefore, coin collectors want to keep their coins in pristine condition. This is especially true for collectors of high value coins who are hoping their value will increase over time. There are many collections selling for thousands of dollars while some even go for millions.
Supply and demand exert the basic pressure on prices. However, the condition of the coin, especially that of extremely rare ones, affects its value as well. Coin collectors determine the condition of the coin through a grading scale of 1 – 70. Mint condition coins have a grade of 65 – 70, the most desirable grade a coin could have. Elements affecting the grade of the coin includes the strike of the coin, the appeal of the coin, coloration, luster, and damages like dents, scratches, carbon spots, signs of improper cleaning, and corrosion.
Sadigh Gallery in New York specializes in the handling and selling of ancient art, artifacts, and coins from all over the world. It is a family-owned business that provides affordable ancient antiquities with friendly, down-to-earth service. For more reads on antique coins, click here.