 |
 |
 |
|
Collecting Coins Reviews
Gold Coin Collecting
Gold Coin Collecting
Coin collecting is something that dates transmit to the when coins were first issued for trade. It was only in the Middle Ages that people turned this leisure activity a hobby because of the art work and the historical value.
Coin collecting pdq is still a hobby that many tribe enjoy. One of the most precious and most expensive collections that anyone can too have are those of gold coins. The most expensive gold coin ever bought was worth around eight million dollars. This was the American 1933 Gold Eagle. This is why the collecting of gold coins deserves to be called the hobby of kings.
Gold coins were one of the oldest forms of money. This was later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design was the Liberty Head bust but this was only made until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 when the Great Depression began. This prompted the recall of gold coins which makes them very difficult to find today.
Since these are no longer in circulation, the price for one of this rare commodity is quite high. Gold is now used for other things such as jewelry or bars that people retain as an investment.
South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes.
Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.
A lot of people retain gold today as an investment because they speculate that the demand will cause its market value to increase. Others hold it as a form of insurance should the financial situation become worse. There was a point in time when the more paper money that was made, the higher the price of gold which maintained gold and cash as equal value. Following this standard over in 1971, this enabled government to produce more paper currency without increasing the price of gold.
Since gold coins can longer be used to purchase merchandise most coin collectors just direct them to remember that people once used them.
Share This With Your Friends |
What Are Remints And Mint Marks
What Affects The Value Of A Coin
Accessories For Coin Collecting
What You Should Look For In A Coin
More Collecting Coins Articles
... bushy-tailed as their value. A collector should be aware that antique coins do not require much cleaning as excessive cleaning will only depreciate their value. The older the antique coin looks the more expensive it becomes. Antique coins can provide so largely shindig for collectors that anyone might ...
... objective of the counterfeiting syndicate. The check sometimes uses forgery for political propaganda, as in the Second World War when Germans produced millions of American and British banknotes with the intention of profiting from them and destabilizing their enemy s economic situation. 4. Another known ...
... bands of metal that are curled into loops, with the right breadth and measurements. Each kind of coin uses a particular kind of metal. For instance, metal strips that are made of zinc are used to manufacture pennies, while chicken feed are made of a 25 % " nickel metal alloy " and 75 % copper. For this ...
... which has little or no value monetarily is not necessarily sole would not grasp or make part of one s coin collection. The following are basic factors which could influence a coin s value. How rare or un - rare is it? Generally, the concept that everyone knows and follows is this: the rarer a coin the ...
|
| Copyright © 2006-2012 Internet Marketing Tools, All Rights Reserved |