We Sell and Buy Coins in Maryland

Coins in Maryland

We sell and buy a variety of coins from the United States and around the world. Our extensive catalog features a wide variety of coins, from rare historical specimens to everyday collectibles. Our commitment to offering competitive prices ensures that when you buy or sell, you will receive exceptional value. We closely monitor market trends to ensure a fair valuation, and our experts are always ready to guide you through every transaction with transparency and professionalism.

Maryland, with its rich history and vibrant cultural heritage, presents a fascinating landscape when it comes to numismatics – the study and collection of coins. This state holds an important place in America’s coinage history, not only because of its contribution to the nation’s economic development, but also because of its unique local issues and the stories behind them. The history of Maryland coinage dates back to the colonial era, when growing settlements sought a means to facilitate trade and daily transactions. It was the lack of currency in the early 18th century that prompted local merchants to create their own tokens. These tokens, often minted out of necessity, played a key role in Maryland’s economy before the state became part of the United States.

One of the most intriguing aspects of Maryland’s numismatic history is the Baltimore penny, minted in the 18th century. The Baltimore penny is particularly notable for its association with the famous Carroll family, who were ardent supporters of American independence. These early American coins are treasures for collectors today, providing a tangible link to the state’s formative years.
With the creation of the U.S. Mint and a standardized national currency, many local issues ceased, but Maryland continued to figure prominently in the nation’s coinage history. The state’s involvement is perhaps most noted in commemorative coins. The Maryland Tercentenary half dollar, minted in 1934, commemorates the 300th anniversary of Maryland’s founding. Its intricate design featuring the state seal is a testament to Maryland’s historical importance and pride.
Throughout the 20th and 21st centuries, Maryland has been depicted on various U.S. coins, including the 50 State Quarters program. The Maryland quarter issued in 2000 depicts the dome of the Maryland State House, the oldest state capitol still in use in the legislature, reflecting both the architectural splendor and historical significance of the state. The quarter also commemorates Maryland’s nickname, “The Old Line State,” a tribute to the Maryland Line, the state’s regiment that served valiantly during the Revolutionary War.
We buy and sell Maryland coins – from early colonial tokens to commemorative pieces, they are both a separate and integral element of the broader tapestry of American coinage. For enthusiasts and historians, the study of Maryland coins is an exploration of America’s past, reflecting the economic, political, and cultural shifts over the centuries. That’s why the state continues to attract collectors who seek not just artifacts, but stories – stories as rich and enduring as Maryland’s own heritage.

How do we grade coins in Maryland?

Coin appraisal in Maryland, as in other states, involves a thorough process of evaluating a coin’s condition, authenticity, and overall value. This process is critical for collectors, investors, and dealers who want to understand the true value of a coin. For historical appraisal, investment, or simply for collecting purposes, we evaluate coins using standard methods recognized both nationally and internationally.

Initial coin appraisal involves examining several key characteristics. These include the luster, mintage, color and overall appeal of the coin. Luster is the sheen or shine on the surface of a coin, which can indicate how well it has been handled. A well minted coin has distinct features.

Color can vary depending on the type of metal the coin is made of and the exposure to different environments over the years. Over time, some coins may develop a desirable patina or tarnish, which can increase their value. Attractiveness is a more subjective measure that reflects the overall impression of a coin.

Maryland, like other regions of the United States, commonly uses the Sheldon coin grading scale. This scale ranges from 1 to 70, with 70 indicating a coin in pristine condition with no signs of wear under 5x magnification and 1 indicating a coin that is barely identifiable. Coins graded on a scale of 60 to 70 are considered mint condition (MS), meaning they have never been in circulation.

Fairfax Coin and Bullion Exchange also offers pre-appraisal or consultation services. We have years of experience and can provide insight into the historical significance and rarity of specific coins. We can also advise on the best ways to preserve and display coins to preserve their condition and value over time.

Ultimately, coin grading in Maryland is a combination of art and science, relying on both the technical aspects of condition assessment and the experience and intuition of experienced numismatists. For those interested in the fascinating world of coin collecting, understanding the grading process is essential to making informed decisions and building a collection that is meaningful and valuable.