The beautiful coin in our picture comes from Klaus Grafe Munzenhandel in Dessau-Rosslau, Germany, where it is on sale for 95 euros, about $130 US dollars.
Your coin, Al, is damaged with nicks or gouges and would be worth far less, even though the eye appeal of your coin is attractive. Collectors shun damaged coins, and this is reflected in the price.
Also the $130 is a retail price, so if Klaus Grafe, or any other honest coin dealer, were buying the coin from you, he or she would pay about one-half that amount to account for dealer margin. Dealer margin allows the dealer to stay in business.
Your coin is an old thaler (pronouced like 'dollar' but with a 't') from the German State of Saxony made with 0.536 troy ounces of silver. The catalogs show the following values:
worn: $20 US dollars approximate catalog value
average circulated: $40
well preserved: $70
fully uncirculated: $150
To convert these inflated catalog values to actual values, read the information presented on our Terminology page.
CoinQuest thanks Klaus Grafe Munzenhandel for use of their coin image.