Germany Pfennig
Can someone tell where I can find out the “value” of an old coin from germany?
I have an old coin dated:1938 from germany,it is a 5 pfennig piece,and I was wondering if anyone would be familiar with “german coins” or what internet site I could visit to find out the value of it.
How to Find Old Coin Value and Price Rates
Everything that we have has some type of value placed on it. Some of these values are given based on how we feel about them. Other items are given values that have been assigned by others. This basing of values applies to old coins and the other coins that you will find coin collections. While many coin shops and coin dealers will know the old coin value for many coins, we may have no idea about this.
Therefore you should gain some experience in finding out what the old coin value and price is. This information will allow you to have a rough idea about what you can expect to get from an old coin that is in a good condition. You should read books and articles that will inform you how you can find the old coin value and price rates. You may want to go to coin exhibitions or fairs and see how the coin experts look at the coin before they make any judgments about the state of the coin.
Since the state of the old coin contributes towards the old coin value it is necessary that the old coin be in a fairly mint condition, or as good as it can be. In coin collecting terms this means that the coin must have the country of origin fairly legible, the mint date can still be seen, while the wear and tear should be hardly visible.
These identifying marks are among the items that coin experts look for. When they can find these and see how the old coin looks, they are able to assign a value for the old coin. You should see from the various books and articles how you can find these identifying marks that will allow you to get the old coin value. You should practice this grading ability until you are fairly sure that you have a rough idea of what the old coin value will be.
Once you are confident in your guesswork you will need to see what the actual experts say have to say about the old coin value. The best thing that you can do is to visit your local coin shop. Providing that they have a good and reliable reputation appraising coins, you should be able to have your old coin value appraised. This value will let you decide what you are going to do with your old coin.
In other words now that know the old coin value you can keep it in your collection and start hunting for more old coins or could you sell the coin. Of course there’s also a good chance that if you hang on to your old coin long enough, the value of it will climb steadily over the years.
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