I had a question about coin appraisals for coin collection that I got from a friend. It is a good question because my coin collection is about 200 pieces total and I have been collecting coins for over 30 years. Since I am self-taught how to appraise coin collections, I wanted to know if any of my coins would be subject to a coin appraiser. It’s a very simple question because there are only a few types of coins that are subject to appraisal.
Coins that are stamped and have a serial number are all fair game. Coins that are stamped with the word “SOLD” are not, but there are several other things that can be appraised. Coins that are stamped “MADE IN” are not subject to appraisal but are worth much more than a coin that is stamped “MADE IN”.
Coins that are stamped MADE IN cannot be appraised, but you can buy a stamp and write your own number on it. Coins stamped with the word SOLD that are stamped MADE IN can be appraised. So what you have is a coin that is stamped MADE IN that you can buy to buy a stamp and get a coin appraiser to write on it. A stamp can be used on any coin, not just those minted by the Federal Reserve.
The stamp and the coin are one in the same. A stamp is a stamp, and a coin is a coin. They both have a value. Stamps are worth one-eighth of a penny, while coins are worth one-half of a dollar. Because they are one in the same, you can get a stamp and make a stamp from it. That’s why there are stamps for $1.50, $1.25, and even $1.00.
The stamp is used for a special purpose. In the United States, the Treasury has a stamp for one-half of a cent. That 1.50-cent stamp is used for paying federal income taxes, which is a tax on income. A stamp costs 25 cents.
The Treasury has a stamp for one-eighth of a cent and a different stamp for one-half of a cent. That means that a penny in the United States is worth either 25 cents or 50 cents depending on whether its face value is one-eighth of a cent or one-half of a cent.
In the future coin-appraisers might be able to pay taxes with a stamp, as well as be able to track coin value.
One way to pay taxes with a stamp is to send in a coin to the coin-appraiser. Since the coin-appraiser is not a government agency, he or she would be able to tell you if your penny is worth 25 cents or 50 cents.
In fact, he might be able to do this with a coin without a face value. It might be possible to have the tax office send you a stamp for a coin that is $1 of a cent. So even if your penny is worth 50 cents, even if it is worth $1 of a cent, you could still pay taxes on it.
I was recently assigned the task of finding an appraiser that I could trust. He or she should be honest, open to answering questions, and able to calculate the value of a coin by using the face value.