i have one silver coin (italian 500 lire, km# 98) whose current bullion value is 8,60 $. Checking the valuation on the world coins catalogue, i see: under F "-", under VF "BV", under XF "6,00".
my question is: which is the value of the coin? do i have to add the bullion value to the catalogue valuation in the XF case? and what about the F conditions: "-" means that i have to consider only the bullion value? and if so, why in the VF conditions the catalogue expressly shows "BV" and in the F conditions it doesn't?
I am looking to swap all of my coins for silver bullion coins so I can answer part of that, some coins are only worth their bullion value so in the case of the Italian coin its probably only worth its silver. so you would add no value past spot price of the silver.
Now I am wondering how the spot price for bullion effects rare coins that have a high value? who can answer that?
Taking a break from swapping for a while, but still interested in pre 1799 Spanish coins, I will make time for that!
You can use silver spot price to set the lowest retail value of any silver coin if good or better condition.
The better the grade and the rarer the coin will certainly cause the value to increase.
Some dealers who purchase your bullion coins for resale will only pay about 75% of spot price for lower grades. The spot price for bullion does not really effect rare coins with high value. The price for rare coins is mostly influenced by demand.
For the most part bullion value and numismatic value operate separately. Something worth only 2$ numismatically will still only be worth 2$ in a collectable sense however if it is made of a precious metal often its value in raw material is more than it would be to a collector.
For example a 1922 silver united states dollar is not worth much at all numismatically however, because of its silver content the coin will go from being a collectible coin to becoming bullion.
You do not add bullion value. If the bullion value is greater than its collectibility then you replace the coins value with whatever is the higher worth, often times being the silver or gold spot price.
Im not sure about what catalogue you are referencing however you can determine the bullion value of any coin if you know the spot price of the metal and the coins composition. many coins are not old or rare enough be be considered more valuable that spot price and some listing will tell you its worth bullion instead of showing whatever the metal values are at the time of printing.
