AZMAN ABDUL AZIZ asked:


It is always a wiser choicer to go for gold coined rather than gold bars or jewelry when the point is to store gold. It is possible at the knock down price of $40 and it is easier to be stored, hiding it in somewhere or locking it in bank.

There are plenty to choose from when embarking on such a prospect. The krugerrand of South Africa, the sovereign of UK and Australia the American eagle the Canadian maple leaf or the Chinese panda. The most easily accessible gold coins are the eagles and the sovereigns and thus it is always advisable to go for them when starting a collection. However it should be noted that there is no convention regarding weights and measures of gold coins. Thus individual value of coins depend on the weight and size of them. The more they are the more valuable they are. Today the metric measure of gold is usually followed all over the world. Previously it was troy ounce or a specific part of an ounce. The purest kind of gold coin is 999 of 1000, which are very rare. Usually they are 917 gold out of 1000. The rest is usually some other metal, which makes it more convenient while minting.

If you are keen to buy gold coins from internet or from any other source always be aware that a lot of forgery occurs in this trade and thus it is always better to be ready with all the relevant information. In an authentic gold coin, the name, make and type will always be mentioned. While buying online you have a right to see the picture of the coin on the net before buying it. The actual cost of the coin will include the price quoted by the seller, his margin and taxes wherever applicable. Remember no one can guarantee a coin to be the best in the world for sale. It mostly depends on personal taste.

One kind of gold coin collecting is gold bullion collecting. It means collecting gold coins from all over the world. These are done by people who are enamored by the beauty of various kinds of gold coins. Silver and other metals like platinum are also available for instance the kukabura, noble or koala. The US alone mints more than a million gold coins annually.

The maximum security for the buyers can be guaranteed only by those companies which deal in bullions this is because the transactions are private and non-reportable. For instance one very trusted gold coin is that bearing the image of Saint Gaudens. These are eagles of $20 pricing which was minted from 1907-33. On the reverse side it has the ling cherished American design of the eagle’s nest. These are mist dependable when it comes to size and weight.

Looking through the history of numismatics one cannot but wonder the origin of coins. We can only guess about this. The most possible guess is it was used at it s inception as a legal tender only for paying civil servants. These were composed of tiny bits of metal. Most possibly they were tremendously hoarded in those early days more so when their circulation increased towards the 6th century B.C.E. It was then that fractional denominations were introduced for popular use while bigger denominations remained for bigger commercial concerns.

Find out more about coin collecting at UScoinsCollector.com and see US Gold Coins



Melvin

Muna wa Wanjiru asked:


Gold Coins rock, no doubt about it. Coins have been one of the oldest forms of money ,especially Gold coins Centuries ago Gold coins were used for money transaction, the usage of Gold coins as principal form of money was persistent for a very long time .Somewhere around 1933 most countries stopped using gold coins as their currency for money transaction.

The history of Gold coins goes back to 560BC , the first gold coins were invented by a Lydian king, King Croesus.Today Gold coins may not be a part of our currency, but are a major form of investment.

Gold coins are known to be the safest and most risk free form of investing ones savings.

Value of a the Gold coin depends on numerous factors such as its rarity uniqueness ,its history and its condition ,the amount printed on it also can throw some light on its value.

In 2002 July at Sotheby’s a very unknown antique 20$ Double Eagle Gold coin was sold for a remarkable price of $7,590,020 ,till date this is the most valuable coin ever found.

Gold coins which are used for investments in today’s times ,can be bought fro Banks or Jewelers, the value of these coins depends totally on the market value of metal gold .

With the constant up and down in the economy ,prices of Gold too keep fluctuating. Every country today has its own mark of Gold coins ,these coins are embarked with the countries specification. For example United States is known for its American Eagle Coin ,Canada for its Maple leaf Gold coin, Australia for its Australian Kangaroo Gold coin China for its China Panda Gold coin ,Austria for its Austrian Philharmonic Gold coins South Africa for its Krugerrand Gold coin and Europe for its Euro Gold coin, Switzerland for its Swiss Vreneli Russia for its Russian Chervonets UAE for its Gold Dinar..

The American Gold Eagle is the official gold ingot of United States ,certified by the Gold Bullion Coin Act 1985.This Gold coin was first coined I 1986 by the United states Mint .This coin comes In various denominations and is made in 22 carat fine gold.

Canadian regime in 2007 coined a 100kg gold coin ,pricing it at $1,000,000,though the gold market rate was $2milion at that time .This gold coin was produced to promote a new range of

Canadian Gold Maple Leaf coins.

Gold coins ca be collectors gold coins with high market value for its historical significance or gold bullion coins which are nowadays used as a safe risk free form of investment.

Gold ingots OR Gold coins are made in variations of Kilograms or Ounce ,I Kilograms they can range from 5gms onwards ,I ounce it is half ounce ,quarter and one-tenth ounce.

These gold coins do not have a printed value o them as the value depends on the weight of the coin and the current market rate. Gold under ISO 4217 has an international currency code of XAU.

Most countries have one design printed on their gold coins ,which remains constant every year ,some countries also produce new prints on their Gold coins for showcasing the significance of that particular year ,as every coin in most case has a date printed on it.

Nowadays ,Gold colored coins ,coins not made out of gold have made an appearance in currencies of many countries.

Gold Coins - hold on to ‘em!



Clinton