Gold Coin Collecting | Silver Coins

Gold Coin Collecting

Gold Coin Collecting

Coin collecting is anything that dates back to the when coins have been very first issued for trade. It was only in the Middle Ages that men and women turned this into a hobby simply because of the art work and the historical value.

Coin collecting nowadays is still a hobby that many men and women enjoy. One of the most precious and most high-priced collections that anyone can ever have are these of gold coins. The most pricey gold coin ever purchased was worth about 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 have been 1 of the oldest types of income. This was later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design and style was the Liberty Head bust but this was only produced until 1907. The design and style was then changed to the Indian Head and Saint Gaudens motifs and was employed till 1933 when the Wonderful Depression began. This prompted the recall of gold coins which tends to make them quite challenging to locate these days.

Because these are no longer in circulation, the price for a single of this rare commodity is fairly higher. Gold is now employed for other issues such as jewelry or bars that people retain as an investment.

South Africa minted its first gold coin known as the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is created of 1 ounce of gold and can be purchased for investment purposes.

Since then other countries also minted bullion coins. Canada created the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are significantly much more popular than the South African coin since of its 24 carat purity.

A lot of people retain gold nowadays as an investment since they speculate that the demand will result in its market value to boost. Other individuals hold it as a form of insurance coverage must the monetary scenario grow to be worse. There was a point in time when the much more paper money that was created, the greater the price of gold which maintained gold and money as equal worth. Soon after this common ended in 1971, this enabled government to produce far more paper currency without rising the cost of gold.

Considering that gold coins can longer be utilised to purchase merchandise most coin collectors just maintain them to keep in mind that men and women as soon as employed them.

USSR 10 Ruble 1980 Moscow Olympics Silver Coin 1978 – The Pole Vault
silver coins
Image by CoolValley
I bought this at a coin shop around 1990 in Kansas City

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One Response to Gold Coin Collecting

  1. grillingjoe says:

    nice coin. bou! is silver up now.

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