A COIN collector showed how to spot the most valuable version of a coin.
There are so many different things that contribute to a coin's value.
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Coin collector Max, who goes by Silverpicker on YouTube, buys coins from yard sales and other second-hand sales and flips them for a profit.
In a recent video, he shared a few things to look for when gauging the value of a coin.
Max explained that there are a few different forms of coins that are on the market.
To demonstrate this, he showed four examples of a Morgan Silver Dollar.
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The first is a raw coin, which is just any loose coin. These usually go for $30 to $35, he said.
The thing to look for is coins in plastic cases that have been graded, usually by companies like the Numismatic Guaranty Corporation of America or the Professional Coin Grading Service.
"These coins can be worth hundreds or even thousands of dollars," Max said.
Be careful though, because coins in paper envelopes with clear display windows may appear to be graded, but are actually raw coins.
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Those are called two-by-twos because the coin holder measures 2 inches by 2 inches.
CHECK YOUR CHANGE
Morgan Dollars were minted between 1878 and 1904, with a brief rerelease in 2021.
It is one of the most popular coins among collectors, but the 1893-S variety is one of the rarest and most sought-after.
There are only around 10,000 examples known in all different grades.
"The 1893-S is the true 'King' of the Morgan dollar series," said David Hall at PCGS, who was one of the co-founders of the coin grading firm.
"Note that there are many counterfeits, usually made by adding an "S" to a 1893 Philadelphia. So authentication is highly recommended."
An 1893-S Morgan silver dollar sold for a whopping $10,400 due to its XF40 rating. Coin grades go up to 70, so this was a mid-grade dollar.
In average condition, they sell for about $4,513, but a higher grade sold for an auction record of $662,421.
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Another coin has been referred to as the "holy grail" of collecting and is selling for $80,000.
Plus, check your change for a "restrike" penny worth $13,800.
