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As with just about any asset, a coin's value is determined by its market demand. This means that coins in short supply often see higher demand -- and higher values. With coins, supplies are limited...
When rifling through change or found coins, always make sure to put aside all pre-1965 Roosevelt dimes, which contain a 90% silver composition and are worth significantly more than their face value.
Up Next: 10 Rare Coins Expected To Soar in Value in the Next Five Years For You: 3 Things You Must Do When Your Savings Reach $50,000 A coin might be rare for a few different reasons.
The over mint mark is created when a one date and mint mark is punched over another date, part of a date, or mint mark. These coins are generally restricted to the early minting process of coins dating before the turn of the century. The DDO and DDR errors are related to any part of the coin that shows a distinct doubling.
Delayed until the end of World War II, the Red Book was published in 1946, providing collectors even more historical information as well as retail values (prices collectors could expect to pay coin dealers to buy coins) instead of wholesale values. R. S. Yeoman served as editor of the Red Book and Blue Book until he retired in 1970.
Like other coins, the value of errors is based in part on rarity and condition. In general, lower denomination errors are less expensive than higher denomination errors simply because more such coins are minted resulting in available errors. Due to improvements in production and inspection, modern errors are more rare and this impacts value. [3]