by 3 people |
Gold Coins As Investment and Collector Items
Gold coins are one of the oldest forms of money. The first gold coins in history were coined by the Lydian king Croesus (Greece) in about 560 BC, not long after the first silver coins were minted by king Pheidon of Argos in about 700 BC.
Gold coins then had a very long period as a primary form of money, only falling into disuse in the early 20th century. Most of the world stopped making gold coins as currency by 1933.
However, gold-colored coins (not made of real gold) have made a comeback in many currencies.
Gold coins are a great way to diversify your investment portfolio, since gold keeps increasing in price and paper money decreasing in value with a time - process called devaluation.
Gold coins also a great addition to any coin collection. Modern gold coins are beautify designed and come with additional features such as hologram imprinted on a coin.
Which statement most closely describe why you are looking for gold coins?
Loading poll. Please Wait...
Collector Gold Coins
Many factors determine the value of a gold coin, such as its rarity, age, condition and the number originally minted. Gold coins coveted by collectors include the Aureus, Solidus and Spur Ryal.In July 2002, a very rare $20 1933 Double Eagle gold coin sold for a record $7,590,020 at Sotheby's auction, making it by far the most valuable coin ever sold to date. In early 1933, more than 445,000 Double Eagle coins had been struck by the U.S. Mint, but most of these were surrendered and melted down following Executive Order 6102. Only a few coins managed to survive.
In 2007 the Canadian Mint produced a 100kg gold coin with a face value of $1,000,000, though the gold content was worth over $2 million at the time. It measures 50 cm in diameter and is 3 cm thick. It was intended as a one-off to promote a new line of Canadian Gold Maple Leaf coins, but after several interested buyers came forward the mint announced it would manufacture them as ordered and sell them for between $2.5 million and $3 million. As of May 3, 2007 there were five confirmed orders. Austria had previously produced a 37cm diameter 31kg gold coin worth $153,000.
Collectors Gold Coins
Fetching new data from eBay now... please stand by
Start Gold Coins Collection Today
What every coin collection should know
Coin Collector Expert Book and AudioThe secrets on how to value coins and what guides to use.
Buying coins without getting ripped off.
Finding the right coin dealer.
How to take care of your collection the right way.
Avoid these common mistakes made by beginners that can ruin your coin collection.
Learn everything about mintmark's, coin grading, and appreciation.
There are 3 types of coin collectors - do you know which one are you?
Bullion Gold Coins
Other than collector's gold coins, bullion gold coins are popular among people who desire a "hedge" against inflation or a store of value. South Africa introduced the Krugerrand gold coin in 1967 to cater to this market; this was the reason for its convenient and memorable gold content-exactly one troy ounce. It was the first modern, low premium (priced only slightly above the bullion value of the gold) bullion gold coin. Bullion gold coins are also produced in fractions of an ounce - typically half ounce, quarter ounce, and one-tenth ounce. Bullion gold coins do not carry a meaningful face value, as their value is mainly dictated by their troy weight and the current market price of the gold. (If a face value is minted on the coin, it is done for legal or other reasons and it is nearly always significantly less than the actual value of the coin.)Gold bullion coins usually come in 1 oz, 1/2 oz, 1/4 oz, 1/10 and 1/20 oz. sizes. Most countries have one design that remains constant each year; others have variations each year, and in most cases each coin is dated. A 1/10th oz bullion gold coin is about the same size as a U.S. dime. A 1 oz. gold bullion coin is about the size of a U.S. half dollar.
Other gold bullion coins, many named after their design features, include: Austrian Philharmonic, British Britannia, Chinese Panda, Gold Dinar, Russian Chervonets and Swiss Vreneli.
American Eagle Gold Coins
Fetching new data from eBay now... please stand byKrugerrand Gold Coins
Fetching new data from eBay now... please stand byHologram Gold Coins
Fetching new data from eBay now... please stand byGold Coins Worldwide News
- Murray Salvation Army officials find special coin deposited in local kettle
- By HAWKINS TEAGUE The local Salvation Army received one of the best gifts it could get recently when...
- Salvation Army kettles overflowing
- Two other gold coins, a quarter-ounce Krugerrand coin and a half- ounce gold eagle coin, were donate...
- Gold coin donated to Wichita Ronald McDonald House
- BY Grant Guggisberg A note and gold coin left at the Ronald McDonald House in Sleepy Hollow. courtes...
- United States Mint Unveils 2010 First Spouse Gold Coin Designs
- By US Mint on Wednesday, December 23, 2009 The United States Mint today released the four new design...
Gold Coins Reader Feedback
submit
-
Reply
- goldcoinsgain goldcoinsgain Oct 30, 2009 @ 2:03 am
- Thanks for the Great Reading, we buy Gold Bullion in a recession. I will pass this on to our Ira clients to read.
-
Reply
- fotos4web fotos4web Sep 28, 2008 @ 8:54 am
- Nice Lens !
Keith
-
Reply
- icebreaker icebreaker Mar 5, 2008 @ 12:35 pm
- you welcome, I am glad it helped.
-
Reply
- eRaffle eRaffle Mar 5, 2008 @ 8:49 am
- Thanks for the lens!
New eBay
Fetching new data from eBay now... please stand byNew eBay
Fetching new data from eBay now... please stand byby icebreaker
I like to find, review and explore useful things and resources that will help people in everyday life. (more)
Explore related pages
South African Gold Krugerrand Coins- Gold Krugerrand Coins are the best way to invest in gold, and with the rising co...
Invest in Gold- Gold is beautiful, lasts forever, and has been sought after by humans since time...
Gold Coins- Gold Coins have been and still are a great way to keep a small supply of money y...
The New International Currency Is Gold!- The oldest forms of money was the gold coin, as far back as 560BC when the Lydia...
How to Invest in Gold Using Offshore Banks- If you had purchased $100,000 worth of gold when George Bush first became Presid...
Buying and Selling Gold Coins - Rare Coins- Buying and Selling Gold Coins - Rare Coins. These six easy to understand rules a...
