LIBERIA - FANTASTIC 10TH ANNIVERSARY EURO (GREECE), NIOBIUM 5 DOLLARS, 2005

Description

Fantastic historical scarce (10,000 struck) Gold Plated Niobium (.999) 5 DOLLARS, dated 2005.
The Obverse of the coin depicts the Liberian Coat of Arms and the Lettering: REPUBLIC OF LIBERIA / THE LOVE OF LIBERTY BROUGHT US HERE/
20 05/
REPUBLIC OF LIBERIA/
FINE NIOBIUM/
5 DOLLARS/ .999/1.000.
The Reverse of the coin features the Parthenon,
1 Drachme (2001) and 1 Euro coins, and the Lettering:
10TH ANNIVERSARY "EURO"/
1995-2005.
Niobium is a metal that was not discovered until the 19th. century and it first found commercial use in the early 20th. century. It is now considered a precious metal and mints around the world use it for numismatic offerings.
Niobium is mostly alloyed with other metals to create superalloys with enhanced strength and superconductivity. As the demand for these uses grew, so did the metal’s price.
The cost of niobium began to increase rapidly in 2000, when it went up by 52%. In 2001, its value went up another 26%. By 2010 the price had increased to three times what it was in 1999. Following this demand, investing and trading in the metal began to take off. Numismatic demand soon followed when Austria issued the first niobium coin.
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