What forms of payment do you accept?
What forms of payment do you accept?
We accept most forms of payment including Bank Wires, Cashier’s Checks, Certified Checks, Personal Checks, Money Orders, and Credit Cards and Cash too of course!
What exactly is Platinum?
What exactly is Platinum?
We are often asked about gold and silver. Seldom are we asked about platinum. We thought it might be helpful for the discerning investor to learn more about platinum and how you can purchase platinum in the same manner as gold or silver.
Let’s start with the Spot Price. A good information source for Platinum’s world Spot Price including historical price charts is Kitco’s Historical Platinum Charts.
Platinum (Periodic Table Atomic Number 78); has some unique characteristics worth considering. There are many industry and scientific web sites that detail supply, demand and industrial usage. Among those we found most informative are: The U.S. Geological Service and The Royal Chemical Society’s Periodical Table site.
Recapping the above here are some of the main takeaways:
Industrial Uses:
Supply:
Price History:
Xenia Coin Shop offers new Valcambi Suisse brand one-troy ounce .9995 pure platinum
Do you perform appraisals? We have some coins and we want to know what they are worth.
Do you perform appraisals? We have some coins and we want to know what they are worth.
Yes. We have two appraisal options to choose from; a verbal appraisal and a written appraisal. Regardless of the option you choose both include a professional evaluation by one of our qualified staff numismatists.
Our most frequent and popular appraisal option is our free 15-20 minute verbal appraisal. Your coin or (limited) collection is evaluated and a verbal and approximate current market value is given. In those cases, where one is not able to physically visit our Xenia, OH location we provide mail-in services and professional numismatic evaluations over the Internet as well. Just send us high-resolution obverse and reverse photographs to contactus@xeniacoinshop.com and we’ll respond in a timely manner.
Our written and dated appraisal option is generally needed in those cases where an estate, trust or an insurance matter requires a more formal evaluation and a written appraisal report to be completed. Our professional numismatic research and appraisal services including a dated and written report are charged at a per man hour hourly rate/fee. Written appraisal values can be provided in two ways:
Generally speaking our appraisal processes really depend upon the type of product(s) involved be it collector and rare coins, currency or all forms of precious metals including gold, silver, platinum and palladium, the amount of product involved and most especially whether or not there is a need for a formal and dated written appraisal.
Contact us today and we’ll be happy to evaluate your coin or collection!
What forms of payment do you offer and how fast do I get paid?
What forms of payment do you offer and how fast do I get paid?
We will issue you a company check at the time you decide to sell. If you sell us your item(s) in person and at our store – you’ll receive a company check on the spot! For larger transactions payments are also available via wire transfer – a small fee shall apply.
What if I decide not to sell?
What if I decide not to sell?
If you decide not to sell – no problem. The decision to sell or not to sell is entirely up to you. No pressure. No questions asked. We are that confident in our pricing – seldom are we asked to return product to a prospective seller!
What is a numismatist?
What is a numismatist?
Put simply, a numismatist is a specialist in coins and currency, including dealers, collectors and scholars involved in the study of coins and currency.
What is (and is not) a coin?
What is (and is not) a coin?
A coin is a small, flat and most often round piece of metal or plastic used as legal tender or a medium of exchange issued by a government. A coin also has a unit of currency amount or unit of weight appearing on it. If the object does not possess these characteristics, it is not a coin. A similar object without these characteristics would be considered a token or a medal.
What is a legal tender coin?
What is a legal tender coin?
A coin is legal tender if the unit of currency appearing on the coin is legally accepted for commerce within the issuing country. All United States issued coins are legal tender within the United States. Technically, you can still go to a store and spend a Morgan silver dollar as it is worth precisely one dollar of legal tender currency despite not being minted for circulation for over 100 years. The United States has never “demonetized” any of its coins. However, we STRONGLY recommend you DO NOT spend silver dollars at a store! They are worth A LOT more than a dollar.
Many older foreign coins have been demonetized within their respective countries because their accepted legal tender currency has changed over time. France’s Franc and Germany’s Mark, for instance, are no longer legal tender as they were replaced by the Euro in 2002.
What determines a coin’s value?
What determines a coin’s value?
Many factors determine a coin’s value, but condition, rarity and collector demand are the primary ones. The better the condition of a coin, the more it is generally worth, but HOW MUCH more is subject to several other factors. The overall mintage (number of coins produced) for a particular coin may be high, thus lowering its relative rarity (and value), but that same coin may be extremely rare in high-grade condition for instance. This is known as “condition rarity” and may raise its value considerably despite being a common coin. Conversely, a particular coin may have an extremely low mintage and thus has an “absolute rarity” in ANY condition. This absolute rarity might raise the value, but low collector demand for that coin could keep its value low.
Will cleaning a coin make it appear more valuable?
Will cleaning a coin make it appear more valuable?
Absolutely not! In fact, cleaning, scrubbing or polishing a coin is guaranteeing that one is lowering or even eliminating a coin’s collector value. Never do it. Ever.
What is a proof coin?
What is a proof coin?
Proof coins are special coins produced specifically for collectors, unlike circulating coins produced for general commerce. They are characterized by frosted elements set on mirror-like backgrounds, or fields, that give the coins a high contrast appearance. Proof coins represent the highest-quality examples of a particular coin’s design. They are typically produced in much lower mintages than their general circulation counterparts and therefore are typically worth more than their face value.
What is a mint mark?
What is a mint mark?
Mints often include a small letter or symbol on its coins to indicate which particular mint the coin was produced at. The U.S. Mint, for instance, uses a small letter P, D, S or W on its coins to indicate whether the coin was produced at its Philadelphia, Denver, San Francisco or West Point mint facility.
How are coins graded?
How are coins graded?
A numismatist or professional coin grader examines the condition of a coin looking at characteristics such as luster, coloration, strike and surface preservation and will assign a grade based on a scale from 1-70. A grade of 70 is considered perfect or the finest quality possible. As the quantity and severity of imperfections observed increase, the grade number is reduced. The number grade determines which broad grading category a coin falls within:
Number grades below AG-3 would be considered either Fair or Poor. A coin’s grade is certainly a factor in determining its value, but it is not the sole factor.