I will return to this site for, "I have some old coins given to me my father and I need to have appraised for insurance. Some are tourist fakes, and usually sold as such and some were made so the common person could have an example of a terribly rare coin that would normally not ever be available. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Last Updated: November 16, 2020 Look at the coin and check if it has a city on it, look at the date or search an image of the coin and compare to the one that you have. By signing up you are agreeing to receive emails according to our privacy policy. Current American coins bear the mint marks P (Philadelphia), D (Denver), S (San Francisco), or W (West Point). ", "Very nice and informative details are provided. What is the best way to determine its actual worth? This makes casting methods the easier method for faking bronzes. It does have the patina still on the inside, maybe there's a way to get that tested, but probably not worth it for the price. Your coin is not rare if it has an American Indian on the front and a buffalo on the back; expect about $5 for that one. Are they worth anything? ", "Inspired me to check the value of copper pennies. Use Q-tips or plastic tips to clean between words and numbers. ", "All very interesting. Similar practices were employed in the middle ages, but counterfeit coins didn’t become widespread until modern times. ", "This details the overall history of coins related to values! ", "Your two methods of what to do and related links helped. If your coin has a "v" on the back and Lady Liberty on the front, the coin is worth millions of dollars - but it might be fake. ", "Where to find the stamp from the mint helped. This can be out of curiosity, or because they are interested in coins for investment purposes. The specimens shown in this collection were made for various reasons. Coins are rated from “mint” (perfect) condition, all the way down to “poor” (dirty or damaged). This is because real silver has a very weak magnetic effect. If you don't known this ancient coin forum, I highly recommend you join to learn more about known fakes of ancient coins. The very first Roman coins were very small in size and were first produced in 326 BCE at Neapolis. If testing for bullion coins, strike two coins together. I'm glad I found this site. If you still aren't sure about the value or if you can't find the coin listed anywhere, your best bet is to contact an appraiser for a professional opinion. A lot of people are saying they are worth a lot, as that was the year the system went decimal. Covina Coins Numismatist David Lenhart explains how to test your coin to see if it is counterfeit. Any of these businesses will be happy (for a fee) to tell you if your coin is the real thing. Include your email address to get a message when this question is answered. If Ancient coins could talk, what a story they would tell, from the people who designed and minted them, to the many hands these ancient coins may have passed through. The year the coin was made in is almost always somewhere on the coin. Get two ice cubes. Not all countries use the Roman alphabet to write the legends on their coins, however. I have 3 army boxes of coins dating back to the mid 1800's. Along with a face value, this is the easiest way to identify an old coin as such. While die struck fake ancient bronzes exist, this discussion will focus on silver and gold coins, although most of what I discuss will still applies to bronze coins. It may be around 10 to 20 thousand dollars. For tips on finding reliable appraisers, read on! There is a big collectible coin market. The value of coins can go up and down, since they are driven by interests that can change. "I found this page full of ideas and helpful hints. If testing for bullion coins, strike two coins together. Wait a few days and then use a stiff brush (not metal) to gently remove dirt and corrosion. The key to identifying real gold coins lies in the fact that gold is far denser than most other metals. Posted on: 14 December 2016 Share . Nickels 1942-45 (war nickels) are 35% silver. ", "I don't know what exactly this coin is but it has a kings picture on it. If you cannot find the coin in a book due to lack of identifiers, try to determine general area (i.e. Broadening your search first may help you narrow in on the correct country. wikiHow marks an article as reader-approved once it receives enough positive feedback. Please help us continue to provide you with our trusted how-to guides and videos for free by whitelisting wikiHow on your ad blocker. Ephesus' great temple of Artemis has provided evidence for the earliest coins yet known from the ancient world. Coins have been minted since the 6th century B.C. ", possible value of the coins, and the history of how the different mints worked. If you'd still like to try, use a very fine cleaning soap like Dial and soak it in water. Hundreds of millions of those exist, so they're not rare. (You will have to "join" to see it but you can easily check a box to not to get any communications if you don't want them.) The coin says United States of America, and there is a V on the back of it. The 2 coins I reference are 2013, which the fake lists, so i made sure to have the same year real coin. D.G.R.I. Covina Coins Numismatist David Lenhart explains how to test your coin to see if it is counterfeit. A local coin dealer, online, or at a pawn shop. What you have is known as a Liberty Nickel. If the magnet does not attach in anyway, or if it sticks, then it is not real silver. Measure the thickness with a caliper. Take it to an expert to have it cleaned without damaging it and lowering its value. 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