The rarity of a coin is a crucial factor in determining its value. If there are only a few known specimens or if the coin is part of a limited mintage, it can significantly increase its value.
The state of preservation, or grade, of a coin is essential. Coins in mint condition or with minimal wear tend to command higher prices in the collector's market.
Coins with historical significance, such as those minted to commemorate a special event or anniversary, can be highly sought after by collectors, increasing their value.
If there is a high demand for a particular coin among collectors, it can drive up its market value. This demand can be influenced by various factors, including the coin's design, historical context, or cultural significance.
Coins that have been professionally authenticated and graded by reputable grading services may have higher values, as their authenticity and condition are guaranteed.
The overall trends in the coin collecting market can impact the value of specific coins. Economic conditions, collector preferences, and other market dynamics can influence prices.
Prices realized at auctions for similar coins can establish benchmarks for their value. If a specific Bicentennial Quarter achieved a high price at auction, it could contribute to its perceived value.
The opinions and assessments of numismatic experts and dealers can play a role in determining the value of a coin. Their expertise in evaluating rarity, condition, and market trends is often relied upon by collectors.