| Collecting numismatic rare coins is not an easy | | | | detector enthusiast who then sold it to an |
| hobby. A great deal of money, time and effort | | | | American coin collector. |
| must be exerted in order to complete the | | | | The British Museum was willing to pay the high |
| collection. | | | | price because the gold coin was a significant |
| Those who are really serious about this hobby | | | | source of information about the Anglo-Saxon |
| can even pay as much as hundreds of thousands | | | | kingship in the 9th century. |
| of dollars just to buy numismatic rare coins. | | | | Not to be outdone, China has come out with a |
| The question is, why are people willing to go | | | | 10-kilo 2008 Olympic commemorative gold coin |
| through such great lengths just to get these rare | | | | valued at US1 million. Not only is it a rare coin, but |
| coins? Are they worth the steep prices they | | | | it is the largest as well! |
| fetch? Are they worth all the effort? | | | | If you are on the lookout for numismatic rare |
| Take the case of the most expensive coin, | | | | coins, you can start right at your very own |
| valued at a whooping US6 million! According to | | | | home, whether you have a million dollars to spend |
| Forbes, the US20 double eagle gold coin is valued | | | | or just a few hundreds to spare. The internet can |
| at US6 million and will be put up for bidding at | | | | be a source of plethora of information. Bidding for |
| Sotheby's and Stack's by July 30 in New York. | | | | rare coins is up left and right on Ebay and other |
| The rare gold coin was minted in 1933 and has | | | | online auction sites. Rare and expensive coins also |
| such a high value because it is the only one of its | | | | make the headlines in online news sites. |
| kind in the world. It can be remembered that in | | | | Another option is to actually go out and buy |
| 1933, then President Franklin Roosevelt ordered | | | | them. For those who can afford it, participate in |
| that the US be taken off from the gold standard | | | | auctions by Stack's or Sotheby's. |
| and that all US20 gold coins be destroyed. Ten of | | | | For those who do not have millions of dollars to |
| the coins were stolen from the United States | | | | spend, the good old garage sales and antique |
| Mint. Eventually, nine of the coins were recovered | | | | stores are treasure troves! Sometimes, people |
| and destroyed. The remaining one was believed | | | | who are not knowledgeable about the value of old |
| to have made it to Egypt and became part of a | | | | coins and who are not just plain interested in |
| collection of more than 8,500 gold coins! | | | | them can put up these valuable coins on garage |
| Another expensive numismatic rare coin is a gold | | | | sales. Antique and hand-me-down stores also sell |
| coin valued at GBP350,000 or approximately US | | | | numismatic rare coins. |
| 697,000! The gold coin, bought by the British | | | | The only thing you actually need when on the |
| Museum, dates back to the Anglo-Saxon period, | | | | look-out for numismatic rare coins is passion and |
| depicting King Coenwulf of Mercia during the 9th | | | | information. Basically, you should know the |
| century. The lucky person who found it beside | | | | difference between a newly minted 10-dollar coin |
| the River Ivel in Berdforshire in 2001 was a metal | | | | from a crusty 1933-minted one dollar coin. |