German coins value
You want to find out how much your German coins are worth? There are two possible options you could chose to get indicated, how much your coins are worth.
#1: You could simply use a catalog which lists coins from Germany to see, what value your coins are assigned. Such catalogs are well structured and make it easy to find your coin immediately. Unfortunately, the values are often set a bit too high which is caused by the fact that online prices for coins vary a lot, according to supply and demand.
Your own research
#2: You can check on prices yourself and look them up online. First of all, mintage numbers are always a good indicator for how rare a coin might be. If mintage and condition indicate that a coin might be valuable, check out ended listings on ebay. They actually show, which prices were realized for a coin. You will be able to see that there is a huge difference between prices that dealers declare and actually realized prices.
Typically valuable coins
When it comes to German coins value, pieces from former colonies and occupied territories are often quite valuable because they didn't circulate for a long time and usually have a lower mintage. Also make sure to have a closer look at denominations of 2 Mark and higher, minted between 1874 and 1918. Some German gold and silver coins are ultra scarce and worth a large amount of money.
Grading old German coins
Grading can be hard if you are not experienced. However, there are several descriptions of every single grade a coin can have. The first step to practice grading would be to study these grading scales. Afterwards, you can easily practice grading by checking online auctions which depict coins that have been graded by a professional grading institution. Such Third Party Grading organizations basically take in raw coins, put them in a slab and get them graded by professional and experienced numismatists.
The table on the right side roughly translates the different grades from German to English and vice versa. Aditionally, there is also the numeric grading scale that is commonly used, however not very popular in Germany. Still, the table might help you when buying coins from Germany without further knowledge on the German grading system. Keep in mind though that especially private offers of coins that were not graded by a third party grading agency (TPG) should be checked by pictures of the respective coins. Always make sure to see high-res photographs or scans of the coins you want to buy. Also make sure to take a look at the edge of a coin to see if it shows the correct inscription or things like mount marks.
|-||Very Good (VG)||8, 10|
|Schön (S)||Fine (F)||12,15|
|Sehr schön (SS)||Very fine (VF)||20, 25, 30, 35|
|Vorzüglich (VZ)||Extra fine (XF)||40, 45|
|Vorzüglich (VZ)||About uncirculated (AU)||50, 53, 55, 58|
|Stempelglanz (STGL)||Mint state (MS)||61, 62, 63, 64, 65, 66, 67, 68, 69, 70|
|Polierte Platte (PP)||Proof (PF)||61, 62, 63, 64, 65, 66, 67, 68, 69, 70|