Buy and Sell Coins (48)
India 15 Rupees 1918
Oh, wow. What a gorgeous coin! The British minted this coin for India only in 1918 out of 0.235 troy ounces of gold, the same weight as the British sovereign gold coins. That's where to start the value calculations, with the gold content. Once you have the value due to gold, add more value due to collector appeal.
The value due to gold is 0.235 times the current value of one troy ounce of gold. According to kitco.com, the value of gold today is $1555 US dollars per troy ounce. Tomorrow the value will be different; it changes every day, so be sure to look it up. Multiplying 0.2355 x 1555 gives $366 US dollars gold value.
To the gold value now add a collector premium due to demand from numismatists (coin collectors). Here are some typical premiums:
worn or damaged: add $0 US dollars
average circulated: add $100
well preserved: add $300
fully uncirculated: add $1000
You can see that the amount of wear affects the coin's value greatly. For Manoj Jain's coin, which has little or o wear, the added premium is probably up near the $1000 mark.
It is very important to protect a coin like this from wear and the effects of external elements like humidity, chemicals, and fingerprints. A good way to do this is to have the coin slabbed, that is, mounted in plastic, by a third party grading service. Use only PCGS, NGC, ICG, or ANACS services. Do not use others. Look them up on the Internet.