Shopping for Home Furnishings
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Shopping for Home Furnishings

I absolutely adore shopping for home goods. For instance, I like to look for artwork, accent pillows, vases, sheets, comforters, rugs, and towels at my favorite retailers. Have you recently purchased a new home? Perhaps, you need to shop for items to fill your new house with. Before shopping for home furnishings, be sure to take correct measurements. For example, before searching for blinds, you’ll need to first measure your windows. Before looking for a sofa to place in your living room, you’ll likely wish to measure the width of this space. On this blog, I hope you will discover ingenious tips to help you buy beautiful, home goods for your place. Enjoy!


Shopping for Home Furnishings

3 Things That Affect The Value Of Your Coins

Dan Stewart

If you're into collecting coins, hopefully you're treating it as a hobby and not a way to guarantee your child's college education or an early retirement. But even though coin collecting doesn't equate to winning the lottery, you should still be aware of important factors that can affect the value of your coins. Whether you're just getting started or you need a quick refresher, here are the three main things that will either drive up the price of your collection or make you consider holding onto them awhile longer.

Supply and Demand

Understanding supply and demand is crucial. In general, as supply goes up, the price drops. For instance, if your local grocery store has an overabundance of bread, they'll lower the price to get rid of the loaves before they start to mold. But then what happens when a snowstorm threatens to approach? If you live in the southern U.S., the bread flies off the shelves, lowering the supply and driving up the price.

In the early 1900s, there was an overabundance of Morgan dollars, so the U.S. Mint stopped making them. However, following the Pittman Act of 1918, about half of all silver coins that were in circulation were melted down and sent to Great Britain as silver bullion. Not long after that, the Morgan dollar became hard to find and more valuable as a result.

Some skilled numismatists can predict what will be in demand in the near future but not years down the road. Either way, if you have a coin that's in short supply, the demand will likely be high as well as the value.


As you know, the condition of your coin will affect its value. But there are two basic components of condition: pre-circulated and circulated.

Pre-circulated condition refers to what happens to the coin at the mint when it's being made, like how the design is struck on the face and how much the coin gets dinged during transportation. Some coins are never intended to be placed into circulation, being manufactured solely by the mint to sell to the public. They are known as "Proof" coins, and they've been struck on a planchet that's been polished, giving the coin a shiny, mirrored appearance. If production is limited (decreased supply), their value increases. And if they're kept in pristine condition, their value only goes up.

Coins that have been circulated will have more wear and tear, decreasing the value overall. The best way to know how much wear and tear has affected the value of your coins is to have them graded. The higher the grade, the better the condition and resulting value.  

Bullion Value

Coins are made up of a number of different metals—some gold, some silver, and some copper—and the coin's value will take into account the current market value of that metal.

For example, throughout the 1950s, silver went for less than $10 per ounce. But at one point during the 60s, its value shot up to just over $17. December of 1979 saw a huge spike, making one ounce of silver worth $102.65. The prices and values of silver coins reflect those dips and spikes with heavier silver coins holding more bullion value. If you're selling a coin that's not in good shape, and you don't expect to get much based on its condition, you should still be able to get something based on its bullion value.

To find out the metal composition of your coins, you can do a simple search on the internet or invest in some coin books that will let you know. Factoring in weight and metal composition, the 1986-2013 Silver Eagle currently holds the highest silver value among the silver coins. 

If you're interested in coin appraisals, bring your collection to a shop like American Precious Metals Inc.