Sell Old Coins to the Best Buyer Coin Buyer in Las Vegas and Henderson

A coin is a small, flat, round piece of metal or plastic used primarily as a means of exchange or legal tender, depending on the country of its origin or how it is valued. They are standardized in weight and manufactured in huge quantities for a convenient trading process in a mint. Governments are the most common producers of coins. Thematic or representative images, digits, and writing are frequently found on coins.

Coins are often made of metal or an alloy, although, man-made materials can be used in their production, too. They are also frequently formed like a disc. On the other hand, bullion coins are made of valuable metals that are held in huge quantities. Other coins, which circulate alongside banknotes, are used as money in regular transactions. However, except for bullion coins, the highest-value coin in circulation is usually worth less than the lowest-value note.

Brief History

Around the 5th century BCE, coins were introduced as a means of payment. According to Herodotus, the Lydians were the first to mint coins, while Aristotle claims that Demodike of Kyrme, the wife of King Midas of Phrygia, was the first to mint coins. The earliest coins, according to numismatists, were struck on the Greek island of Aegina, possibly by local rulers or by King Pheidon of Argos.

Through the Greek trading station at Naucratis in the Nile Delta, Aegina, Samos, and Miletus all manufactured coinage for the Egyptians. When the Persians invaded Lydia in 546 BCE, it seems certain that coins were introduced to Persia. The Phoenicians did not begin minting coins until the middle of the fifth century BCE, after which the Carthaginians in Sicily began minting coins. Also, the Romans did not start minting coins until 326 BCE.

Moreover, the Achaemenid Empire and Alexander the Great’s subsequent nations transported coins to India. In the 2nd century BCE, Indo-Greek kingdoms, in particular, struck a lot of multilingual coins. Samudragupta from 335 to 376 CE, who represented himself as both conqueror and musician, is reputed to have produced the most beautiful coins of the classical era.

Historical records show that electrum, a silver-gold alloy, was used to make the first coins. Interestingly, many early Lydian coins appear to have been coined as tokens to be used in commercial transactions by merchants. The Lydian state manufactured coins, and the majority of which featured Lydian ruler Alyattes. A so-called legend, or dedication, appears on several Lydian coins, which is still evident today.

During the Qin dynasty in China, gold coins were first standardized from 221 to 207 BCE. After the Qin dynasty, the Han emperors established two more legal tenders: silver coins and “deerskin notes,” a Chinese invention that predated paper currency.

Value of Old Coins

Two major factors are considered in determining the value of your old coins. These include the following:

Currency

The majority of coins today are constructed of base metal, and their worth is derived from their status as fiat money. This means that the coin’s value is determined by government fiat or law. Thus, only in the sense that national currencies are used in domestic trade and traded internationally on foreign exchange markets.

Further, coins may be in circulation with fiat values lower than the value of their constituent metals, but they were never issued with that value. The gap only develops over time as market values for the metal surpass the fiat declared face value of the coin owing to inflation.

Collectability

The value of a coin as a collector’s item or as an investment is determined by its condition, historical relevance, rarity, quality, design beauty, and general popularity among collectors. If a coin is severely weak in any of these qualities, it is unlikely to be valuable. The value of bullion coins is impacted by such elements, although it is primarily determined by the gold, silver, or platinum content.

Best Buyer of Old Coins

Nevada Coin Mart is the top buyer of old coins in any condition from any manufacturer. So, if you have been keeping old coins for a while, now is the time to bring them to our shop and sell them for top pay. We purchase a wide variety of coins of different designs, themes, and metal content. Some of the coins that we look forward to buying from you for instant cash include the following:

  • Half cents
  • Small cents
  • Nickels or five cents
  • Dimes or ten cents
  • Quarters
  • Half dollars
  • One-dollar coins
  • Gold coins
  • Classic commemorative coins
  • Modern commemorative coins

 

We will provide you with a free price for your item using a state-of-the-art spectrometer. You will surely get the most out of your transaction with us thanks to our excellent customer service. Our team will guide you through the entire valuation process. You will be led to a private booth where you will be accompanied by one of our staff members and experts. During the valuation, they will talk with you about securing the best price for your items.

The Las Vegas Review-Journal has honored us with three Best of Las Vegas awards for our professionalism and quality in service delivery. This recognition just goes to show how serious and committed our respectable business is to meeting the needs of the general public when it comes to coin purchases. Our store is licensed in buying all types of coins of different metal content, like gold, platinum, and silver.

Hurry now! Check us out yourself to see what we can offer and serve in exchange for your precious items. We can be reached at 702-998-4000 or be visited at 4065 S. Jones Blvd, Las Vegas, NV 89103. We are open from 9 AM to 6 PM every day of the year.

References:

https://www.worldhistory.org/coinage/#:~:text=Coins%20were%20introduced%20as%20a,of%20King%20Midas%20of%20Phrygia.

https://en.wikipedia.org/wiki/Coin#Currency

https://www.thesprucecrafts.com/identifying-old-coins-768860