When you’re looking to sell coins you’re probably wondering what they are worth. A questions we’ve heard many times before is ‘What is the difference between numismatic and bullion coins?’
Coins are assigned a valuation based on two criteria:
The bullion value which is the value of the precious metal weight, whether the coin is gold, silver, platinum, or palladium.
Examples of Bullion Coins are:
- American Silver Eagles
- American Gold Eagles
- Mexican Libertads
- Canadian Gold Maple Leafs
- 90% percent junk silver
- Canadian Silver Maple Leafs
- South African Krugerran
- Austrian Philharmonics
The numismatic value which is the value of the coin based on the rarity, origin, and any other external factor that is not related to the metal weight of the coin.
Examples of Numismatic Coins are:
- Silver Peace Dollars
- Silver Morgan Dollars
- British Sovereigns
- Swiss 20 Francs
- Pre-1933 $20, $10 Eagle coins
Selling bullion coins is straightforward as they come in easy to measure denominations and are traded based upon the current market price of precious metals be it silver, gold, palladium, or platinum. Bullion coins are the best way of physically trading precious metals since they are more liquid and command a price based on the worldwide market which isn’t subject to opinion.
Selling numismatics can be more complicated if you’re looking to get the most since it’s necessary to find a buyer that is willing to pay the price of the numismatic value. These are mainly interesting to coin collectors and museums as they like to show off the rare coin and aren’t using it as a form of investment.
If you’re curious and would like more information on the answer to “What is the difference between numismatic and bullion coins” visit us at 1855 Hawthorne Ave Ne in Salem or give us a call at (503) 400-5608!