What Makes a Coin Rare?

Coins are neat, just in and of themselves, rare or not, coins are pretty dang cool. They can be pretty to look at. They can tell you a bit about the country they are from. The sheer variety of coins is impressive. 

You have round coins (the standard), square coins (yep, square, I found these in Aruba, but other countries that have square coins as their currency include: Bahamas, Oman, Sri Lanka, and Iraq).

You have coins with holes in the middle (I first found these in Japan and Italy, (back when it was the lira and not the Euro)), and coins with scalloped edges. 

There are coins of all shapes and sizes—just within The United States we have four different coin sizes all round (I’ve learned the different sizes are so that sight impaired people can tell the difference, though, then, The United States should also make our bills different sizes, which many countries do), you have coins of different colors and metals—usually silver, gold and copper colored typically using nickel, copper and zinc. 

There are so many different coins that regardless of whether they are rare or not, they are still fun to collect and admire. For some, it doesn’t matter their monetary worth. For some, simply collecting them from the various countries they come from and displaying them with pride is enough of a pleasure. 

But others might like to know, what makes a coin rare. The folks at Mile High Coin can help you out with that, but here’s a quick run down. 

First, you will want to look for errors in the coin. You might be looking for missing information or dye cracks, any variation from the norm can make a coin rare. Often these are simply mistakes that would likely result in someone losing their job, but once these mistake coins get into circulation, they become rare by its very definition—there are very few like them out there.

 Another thing to consider is where the coin was minted. Checking out the mint mark can tell you a lot about the coin and its value. For example, some coins may have only been minted in a particular mint for a particular time and then moved on to being made in another mint. Those coins that were minted somewhere for a short time may hold more value than in the next mint. 

Lastly, sheer age has a lot to do with a coin’s rarity of course. The older a coin, generally, the rarer and therefore (often) the more valuable a coin is. This is simply because over time, things get lost and damaged and the chances of something so old still being around become rarer and rarer. 

For whatever reason you might find coins exciting or attractive or neat, Mile High Coin has you covered. You can stop in and browse the store to add to your already hefty collections, or you can bring in your rare coin collection and see what it all might be worth.
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