Jumat, 25 Juli 2014

The Most Valuable Coins In The World Are Worth Millions

By Jessica Drury


Collecting things have served as a rewarding hobby for people from all walks of life since time beginning. People seem to collect anything and everything. Indeed, some collections are strange, even bizarre. There are even museums dedicated to the collections of some famous people. Minted tender has always been the focus of many collectors all over the world. The most valuable coins are worth millions, although many collectors simply enjoy finding interesting samples.

There are different reasons why people like to collect minted tender. Some collectors have inherited collections and they simply continue to build the collection. They could almost be called accidental collectors. Others do it to make a profit. There can be no doubt that there are numerous coins worth money. Yet others simply collect them for aesthetic reasons. Many hobbyists spend large amounts on their collections.

Most collectors follow a specific theme. Some will only collect tender from a very specific period. Others will concentrate upon a specific country. Some even collect only tender that is manufactured from specific metals, such as gold or copper. There are even collectors that are only interested in specific themes such as ships or portraits of specific heads of state, such as Queen Victoria, for example.

The value of coins is determined, to a large degree, by supply and demand. However, tender that is in mint condition is often many times as valuable as samples that are in poor condition. The American Numismatic Association uses a scale ranging from one to seventy to rate the condition of a specific sample, with a rating of seventy describing a sample in perfect condition.

The first national mint in the United States was established in 1792, but it was only in 1794 that the first tender was produced. This was the Flowing Hair Dollar which is the most expensive coin in the world. A copy was recently sold for more than ten million dollars. This tender was minted for only two years and was replaced by the Draped Bust Dollar in 1795.

The rarest specimen in the world, and second most expensive, is the Double Eagle, a golden US 20 dollar minted tender. Half a millions was minted in 1933, but all of them, except two were melted down again. One remains in the possession of a private collector, who paid seven and a half million dollar for it in 2002. The other is part of the US National Numismatic collection.

Anybody inheriting a collection or contemplating such a collection as a hobby should do thorough research. The internet is a valuable source of information. It is necessary to decide upon a theme and it is generally advisable to join a registered club that can provide newcomers with valuable advice. Minted tender should always be purchased from registered and acknowledged experts in the field.

Building collections has always been a popular hobby and millions of people enjoy looking after their collections, finding new additions and learning more about the objects that they collect. Some collections of minted tender are extremely valuable but many other collectors simply enjoy the act of collecting.




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