Month: July 2019

At first the internet auctions were a tough place to sell coins as there were very few bidders. Then a tidal wave ensued and the number of people buying and selling online flooded in. Just as a tidal wave is indiscriminate, so was this new phenomenon. Not only did it sweep in good buyers and sellers, but also an ever growing unethical element. Online auctions have morphed into not only a new selling ground, but also the devils playground for those looking to make a quick buck.

In the world of numismatics there are a few factors that help decide the value of a coin. The date and mint mark determine how many were made and the rarity factor, but the grade or condition could be considered the most important. Modern coin grading is based on a 70 point scale, 1 being the lowest and 70 being the highest. In many cases one point higher in grading can increase a coins price by multiples.