Gold Coins - History, Features, Types and Uses
Gold Coins - History, Features, Types and Uses
Gold coins are not the invention of today’s world. They are used from many centuries and are still quite popular. The story of gold coins started way back around 2,700 BC when the first gold coin was invented by the Egyptian pharaohs. But at that time, these coins were used as gifts and not as a part of commerce. After some centuries, the first gold coin was issued in Lydia around 640 BC. After that, for a long time, gold coins were used as a proper form of currency. But in the early 20th century, most of the countries in the world stopped making gold coins as currency. Today, they are not used as currency and hence are not circulated but are one of the strongest means of investment.
There are different kinds of gold coins available today all over the world. These types include American Eagles, South African Krugerrands, Australian and UK sovereigns, Canadian Maple Leafs, and the Chinese Pandas. If someone is a beginner and want to start his/her collection, then the best coins to buy are the American Eagles or Australian and UK Gold Sovereigns, because they are the most common ones and have a good resale value. Also, there is no fixed weight or size for these coins. The price is calculated from the coin’s value and weight which is completely dependent on its size.
Today gold coins are used as a very profitable way of investment, as in the time of slow down, people prefer investing in gold rather than other valuable things. This is because the value of gold remains high and stable even in the situations of economic slowdown. For this reason, gold coins are referred to as a sensible investment. Moreover, a majority of the countries across the world maintain their national worth by creating reserves of gold.
Before buying gold coins, an ample amount of research must be done by the user. Searching on the internet about different type of gold coins available in the market, analyzing their gold content, and other factors that add value to its price so as to make it clear that the coin is worth its price are just a few of them.
Illustrated Check List and Record Book of United States and Canadian Coins
All regular and commemorative issues including gold with complete mint records.
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