Cryptocurrency Q&A
What are some rare coins?
What are some rare coins?
Bianca
Tue Aug 06 2024
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7 answers
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I'm curious, what exactly qualifies as a "rare coin" in the world of numismatics? Are these coins that were minted in extremely limited quantities, or perhaps those that have historical significance attached to them? Are there any specific eras or regions that are known for producing particularly scarce coins? I'm eager to learn more about the factors that contribute to a coin's rarity, and how collectors determine the value of these unique pieces.
7 answers
HanbokGlamourQueen
Wed Aug 07 2024
The 1933 Saint-Gaudens double eagle was minted in limited quantities, with only 445,500 pieces produced. This scarcity, coupled with its historical significance, has made it a highly sought-after collectible.
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SamuraiCourageous
Wed Aug 07 2024
In 1933, President Franklin Delano Roosevelt issued Executive Order 6102, which effectively outlawed the private ownership of gold coins, bullion, and gold certificates. This order, among other things, aimed to prevent the hoarding of gold during the Great Depression.
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CryptoKnight
Wed Aug 07 2024
Cryptocurrency, a digital asset designed to work as a medium of exchange, has gained immense popularity in recent years. Some coins, due to their scarcity or historical significance, have fetched astonishing prices in the market.
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CryptoKing
Wed Aug 07 2024
As a result, most of the 1933 Saint-Gaudens double eagles were melted down or confiscated by the government. Only a handful of these coins escaped the fate of destruction and have survived to this day.
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Alessandra
Wed Aug 07 2024
Among these rare coins, a few stand out for their exorbitant value. Some of these coins are worth hundreds, thousands, and in some cases, even millions of dollars.
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