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Coin and Paper Money Collecting/coin valuation
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Question
I have a Liberian coin of $20.00 denomination. It has Thomas Jefferson, III President of the United States on one side and the Seal of the Republic of Liberia on the reverse side. The coin is encased in a plastic covering. What is the value of this coin in US Dollars? How could I sell this coin? If I would like to exchang it for USD how much USD should I ask for?
Hi Eman,
Considering the exchange rate of $1 US to $70.50 Liberian, this coin would be about 28 cents in legal tender. Luckily the collectible value is a bit better. There are many coins in this series, all of which list for $25 as a collectible value. However, when auctioned they typically sell for silver bullion value of around $10 (these coins contain .64oz of pure silver). Some sellers put them up for full value, but they rarely sell as such.
Your best bet for selling the coin is eBay, where there is no shortage of bidders.
Thanks for the question! =)
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Answers by Expert:
Dmitry Livshits
Expertise
My specialty is world coins from the 18th to 20th centuries, primarily non-US foreign coins and related areas such as errors and exonumia (tokens, medals, etc.). I can answer questions relating to identification, grading, selling, preservation and evaluation of such items. In addition to catalog value, I can give you the practical market value and trends for specific types of coins. I will also take questions regarding counterfeits (both modern and antique) and on how to identify them. I am NOT knowledgeable in paper money/banknotes, ancient or "shipwreck" coins. Thank you.
Experience
Collector of world coins since early childhood. Access to a variety of auction records and reference material. You can also find me on Facebook.
Education/Credentials
A.S. in Psychology (2006), B.A. in Forensic Psychology (2008), M.A. in Forensic Psychology (2011).
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