Some people collect coins in the hope that they will appreciate in value. Some coins have intrinsic bullion value (such as silver, gold and platinum coins). Others become valuable because they are rare.
Coin collecting, one of the oldest hobbies, was once practiced only by kings and the wealthy. That's why coin collecting is often called the "king of hobbies" and the "hobby of kings." Today, there are millions of coin collectors in the United States alone. The thriving coin-collecting community, which includes clubs throughout the United States provides numerous opportunities for collectors to meet and trade.
The first United States coins were copper cents, which were struck at the Philadelphia Mint in 1793. At that time, production was manually intensive and the coins were struck one at a time. Today, about seven hundred coins can be produced in one minute.
Shown below are the top 10 rare coins in the United States.
(Mint - a place where coins of a country are manufactured under government authority. Today, United States Mint facilities in Philadelphia and Denver produce all U.S. circulating coins.)
This five-cent piece is a numismatic legend. Despite being retired in 1912, five nickels with the "Liberty Head" design were struck in 1913 and came into the possession of one man. The collector started a rumor about their existence, driving up the value of the nickel if one was ever found but neglecting to mention he had all five. They were sold a few years later and, in a recent change of hands, one was valued at 3 million dollars.
1974 Aluminum Penny
In 1933, with the Depression in full swing, President Roosevelt took the country off the gold standard and recalled all gold coins for melting. About a dozen never made it back to the mint or were smuggled out again by enterprising employees, including this one, which resurfaced in 1992 and was confiscated by the Secret Service. In 1933 it had a face value of $20; in 2002, it was sold at auction for over 7 million dollars.
Source: Live Science
As seen with the collection of the top ten rarest United States coins, we had a journey to the past. Not only do pictures or documents live an imprint on the past, coins too, and even gems. Like diamonds, when extensively studied, we learn more about the past, the time when none of us were even living in this planet yet. Let us treasure these relics of history because they are not only records of the past events, but they are also constant reminders of how the world and everything in it, went through life's journey full of obstacles, thus giving us what we have today.
--My Life Is Beautiful