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Everything Is Golden

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The History of GOLD

 

The history of gold is a long and complex one. It has been a symbol of wealth and a guarantee of power since its use first emerged. Because of its rarity, its usefulness and its beauty, gold has caused individual and national obsession and the destruction of cultures, and the emergence into power of others.
In Gold Rush times, news of the discovery of gold in a region could result in thousands of new settlers who would risk their lives for the chance to find gold. American Gold Rushes occurred in many of the Western States, the most famous of which was in California at Sutter's Mill in 1848. Globally, Gold Rushes happened in Australia in 1851, South Africa in 1884 and in Canada in 1897."See Geography for more information".

 

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The Gold Standard 

Do we need it?

The Gold standard was a financial system meant to stabilize the global economy. It dictated that a nation could not issue currency that exceeded the amount of gold it held in reserve "click here". Great Britain was the first to adopt this standard in 1821. The rest of Europe followed in the 1870s and the system stayed until the end of the first world war, after which the US was the only country still honoring the ."Gold Standard". After the war, other countries were allowed to keep reserves of major currencies instead of gold. This stayed until the great depression when the US blocked the export of gold in the 1930s. By the middle of the century, the US dollar had replaced gold in international trade. The US kept the dollar-gold exchange until 1971.

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Coin Collection 

A Great Way to Invest

Coin collection has raising in the past half century and coin values are determined primarily by four criteria: rarity, grade, quality, and popularity. For investors, of course, a fifth criterion of coin value comes into play: price. Ideally, coin prices are a function of the other four criteria of its value, but not always. Unfortunately, many coin dealers charge prices that far exceed the values of the coins they sell.

At Coin Land, we take pride in offering coins that represent outstanding value. We trade some of the finest U.S. rare gold and silver coins at comparatively low prices. All of the classic U.S. gold coins and silver coins we offer are carefully hand-selected according to the following criteria to give you the best possible value for your money.

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