Friday, November 23, 2012

MOST EXPENSIVE COINS IN THE WORLD

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The 1913 Liberty Head nickel, one of the most expensive coins in the world, is actually an American five-cent rare coin. The coin is said to be a rare one because it was produced in very limited quantities and that too without the authority of the United States Mint. In 1972, one specimen of this rare coin became first to command a price of US $100,000. Then in 1996, another specimen broke the earlier record, the million-US dollar barrier. It was said that if one finds it in a perfect condition, it could even cost him over 20 million dollars. In the year 2003, one coin was sold for almost US $3 million. Finally in 2010, the Olsen piece was again sold for US $3.7 million at a public auction. Reports say that only five examples are known to exist now: two in museums and three in private collections.






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