Sell Old Coin for Cash in Las Vegas | Old Coin Buyer
A coin is a small, flat, round piece of metal or plastic that a nation uses as a means of exchange or legal tender, depending on the country of its origin. Governing bodies set standardized weights for coins and manufacture and issue them in huge quantities. They usually manufacture such coins at Government-owned mints. Moreover, coins would usually feature thematic or representative images, digits, and writings. There is no strict rule regarding how old a coin should be before it can be considered valuable. However, if your coin is from a different era and is quite rare, you can definitely sell your old coin for cash. It may be hard to determine the value of old coins, but it’s worth your time. Read on if you want to learn where to sell old coins and where to find the leading old coin buyer in Las Vegas.
The world was introduced to the use of coins as a means of payment around the 5th century BCE. 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. Numismatists claim that the Greek Island of Aegina is the birthplace of the earliest coins. Historians also say that coins owe their invention to local Greek rulers, possibly to King Pheidon of Argos, specifically.
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, they discovered the use of coins in the area. 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.
Historical records show that the first makers of coins used electrum, a silver-gold alloy. If you want to sell an old coin like this, you ought to analyze its precious metal content as well. Interestingly, many early Lydian communities produced coins as tokens for commercial transactions by merchants. The Lydian state manufactured coins, the majority of which featured Lydian ruler Alyattes. A so-called legend, or dedication, appears on several Lydian coins, which is still evident today.
Sell Old Coin
Two major factors are considered in determining the value of your old coins. If you plan to sell an old coin, consider the following factors:
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. Try to understand this history before you sell an old coin to help you determine its price.
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.
Sell Old Coins to Las Vegas Buyer
Nevada Coin Mart is the top buyer of old coins and rare coins in the entirety of Las Vegas. So, if you have been keeping a coin collection for a while, now is the time to sell your old coin for cash. 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
- Half dollars
- One-dollar coins
- Gold coins
- Classic commemorative coins
- Modern commemorative coins
If you’re wondering where to sell old coins, Nevada Coin Mart is probably your best bet. Call us today at 702-998-4000 or visit at 4065 S. Jones Blvd, Las Vegas, NV 89103 to talk to our coin experts today. We are open from 9 AM to 6 PM every day of the year.