Everything You Need to Know Before You Purchase Walking Liberty Gold Coins
Are you a numismatist who is looking for interesting coins you do not already own? Perhaps you are a first-time hobbyist and are looking for a special coin to begin a new collection. You will be happy to know that eBay's website has numerous Walking Liberty gold coins for you to choose from.How does the coin grading system work?
The existing coin grading system is intended to help dealers and collectors to appraise items based on their condition. Coins may be ungraded or may have grades such as MS 65, MS 69, and MS 70. The higher the grade, the closer the condition matches that of an uncirculated coin.
Circulated coins commonly receive grades of MS 69 or MS 68 if they are in mint or nearly-mint condition. Some coin grading systems include the MS grade and also assign a descriptor, such as fine, very fine, extremely fine, or fair.How to determine the value of Walking Liberty gold coins
One way to acquire information about the value of coins of a specific grade and strike is to consult a reputable coin catalog or classification system. If you choose to do so, you will notice that there are several prices or values that appear next to a coin.
The three figures that are most commonly listed in catalogs are the price paid by a buyer, price paid by a dealer, and the highest price obtained at an auction or sale. Be aware that dealers need to turn a profit and the price paid to a buyer is usually significantly lower than the actual worth of a coin. The year of issue, the location of the mint, the quantity minted, and coin variations are often significant determinants of true value.Choosing Walking Liberty coins for their gold content
You have probably noticed that listings sometimes refer to the precious metal content of a coin, providing quantities such as 1/10 ounce, 1/4 ounce, or 1/2 ounce. A higher precious metal content makes the coin more valuable, but coins that were minted after certain years contain significantly lower precious metal content.
The precious metal cut-off year differs for each coin denomination, but coins of all denominations that were minted in more recent years contain metal alloys and metal cladding instead of gold. Notable exceptions are coins that were printed in recent years as commemorative issues. Such coins were never intended for circulation and may still have a high gold content in spite of the recent minting. They may also be a good choice if you are looking for a newer coin that still contains a high concentration of gold.Content provided for informational purposes only and does not constitute investment advice.