OAKTON COINS & COLLECTIBLES – COIN DEALER NEAR EVANSTON

Buying and selling all collectible coins / paper money (U.S. and world), all forms of gold & silver, bullion, estate jewelry, stamps, diamonds, and more.


Numismatic items are valued based on three important criteria:

1. Rarity – How scarce is this particular item? How many were originally minted? How many likely survived based on grading service population reports or their availability on the web or at coin shows?

2. Condition – What is the typical grade of these items? Is this coin unusually well-preserved? What is the exact condition of this coin?

3. Demand – Are people collecting this particular item? Are these items popular and increasing in demand and price?

Numismatic item prices are not greatly affected by the price fluctuations of silver and gold. They are more influenced by supply and demand and the state of preservation of the item.


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WHAT IS COIN COLLECTING

It is the collecting and assembling of “sets” of coins of different denominations, which is called “series collecting”, or the collecting of one coin from each type of coin issued, which is known as “type” collecting. The object being to complete the sets, and in as high a “grade” (condition) as possible.

CONDITION OF COINS

A factor in determining value is the “condition” or state of preservation of a coin. In almost all coins, and especially in rare or “key” coins, the better condition or grade, the more desirable the coin. A key coin in strictly uncirculated (brand new) condition may bring a hundred times the price of the same date coin in poor condition. The grading of a coin is important and mostly visual. You look at what you see, then describe what you see, (a new coin, a worn coin, a bent coin, etc.). You must not allow “wishful hoping” to influence what your eyes see. The biggest bone of contention amongst collectors today is the “COIN GRADE”. If the grading appears difficult at first, remember the more experience you get, the more accurate you will be.

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