For many people, coins are something you lose under the seat of your car or in the cushion of your sofa. They are tossed on night stands and left in pants only to rattle around in the dryer. It is hard for many people to imagine that coins may ever end up being worth in the millions of dollars. This is exactly the case for some of the rarest American coins out there. The conditions which cause the coins to be so valuable vary on the coin itself. The more you get to know about these coins, the more interesting it is to collect them.
By taking a closer look at the three most expensive American coins, it is a little easier to determine how they might have risen to the value that they are currently valued at. Whether you can purchase these coins, you will be able to understand their value and maybe even dream about the day when you too will be able to have one in your own collection. Among the three most valuable of the coins produced by America include the 1804 Silver Dollar, the 1933 Double Eagle and the 1913 Liberty Nickel.
This coin is so rare because it has gone through two different wars in which coins have been melted to be reused for different items including other coins. Not many people were collecting coins during these time periods which explains why is one of the only American coins which is worth over ten million dollars. The beauty of the coin has a lot to do with its value in addition to the fact that there are only 19 coins which are known to exist. Finding a coin of this rarity in good condition is even rarer.
This coin is a well-known forgery since it is the rarest of American coins. This is not due to misuse or great numbers being lost or melted for other purposes. It is because the coin is actually illegal to purchase. There is only one such coin which has been certified as being legal to own though its whereabouts are in question to date. Other coins have turned up over the years and have been confiscated by the secret service. This all goes back to the executive order Franklin D. Roosevelt signed which was intended to recall all gold coins to stabilize the banking industry.
The value of this nickel is estimated at $5.9 simply because the coin was only created for one year and was not created by the U.S. Mint. Being the only of the American coins to be produced without permission, it has not been kept around. This is because most people tossed out what was considered at the time to be worthless. These days, there are only five of the Liberty Nickels known to exist and they are extremely valuable simply because of how rare they are.
Photo Credits: oceandesetoiles
Originally posted 2010-08-22 03:55:09. Republished by Blog Post Promoter
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