Does the Mint buy back coins or appraise their value?
No the Mint does not buy back coins or sell old coins. It also does not value or appraise old coins. Many issues are involved in assessing the value of a coin including its rarity, condition of the coin and demand for the coin by other collectors. You may like to do some preliminary research yourself. A good place to obtain an approximate value is Greg McDonald’s The Pocketbook Guide to Australian Coins and Banknotes, which is available for sale by contacting the Royal Australian Mint or through coin dealers. If you decide to sell, you should contact a professional coin dealer who will need to see the coin to asses its condition so as to be able to give you a valuation on your coin and help you to secure the best price. Remember, knowledge about your coins will help you make a better judgement about whether you’re getting value for money.
