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Popular gold coins and differences between them

When investing in gold coins, a lot of people who are new to this type of investments in precious metals aren’t even aware what kind of coins are there, which ones are the most popular. Knowing this might save you some grief because even though these coins are counterfeited the most, it’s also a lot more easier to detect a fake copy since there’s a lot of detailed information on them which should help out in discovering fake ones. We’ll start off with the old coins that have been present on the coins scene for several centuries, and then we’ll move up the list to something more modern and new.

Countries who’s coins are oldest and still in circulation (when I say circulation, I don’t mean literal circulation, just that they are still present and people trade them) are as follows, Britain, Spain, Germany and Italy. It’s no surprise that these countries are on the list considering that they were dominant throughout the middle ages, now that I think about it they still are very influential even today. Most famous gold coins from that time would without a doubt be the “British Gold Sovereigns” which were first minted in the 15th centuries. Next in line would be he “Spanish Escudo”, the oldest one which can be bought hails from the 16th century, there are newer ones also, just like there are newer “British Gold Sovereigns”. Gold coins from Germany, France and Italy date back to the 18th and 19th century, the ones that are offered on the markets at least. From Italy you have the “Gold Lire” coins, from Germany “Gold Marks” and from France, as you may have already guessed it, the “Gold Francs”. Years in which coins from these three countries started being minted vary from 18th, 19th all the way to the 20th century. This is where United States, Canada, China, Russia, South Africa and all the others small countries come to the show.

There aren’t any coins from these countries from an earlier date because they either didn’t exist or they didn’t create any coins which would survive until now, at least not in good enough shape to be sold on the markets. It’s important to point out that the majority of coins mentioned before, the ones that are very old aren’t only valued for their gold, for the amount of gold that they have. The fact that they are older gives them increased value, they are numismatic pieces and because of that they will cost more, depending on how old the coin is, what its condition is and of course what kind of historical importance the coin had, you’re gonna have to dish out more money than what you normally would if you were only buying a coin for it’s gold content. Only serious coin collectors and lovers are interested in these types of coins, investors in metal itself should focus more on coins of newer date, more modern ones. Even though there are some coins of newer date which have higher value because of special circumstances of how it came into existence.

One such coin would be the flagship of the United States gold coinage, the “Gold Eagle”, one troy ounce Gold Double Eagle reached a price of 7.5 million dollars on an auction. It was a piece from the last batch of coins like these that was minted and the majority of them were melted down because the US stopped using the gold standard. South Africa, as a country which up until recently had the highest levels of gold production, has created their own series of gold coins in the second half of the 20th century, they’re called “Krugerrands”. China was the country which surpassed South Africa in the production of gold, so it made sense for it to mint their own coins, and they did. The most famous would be the “Panda” gold coin, but there’s also the the “Great Wall Of China Medallion”. Russia also has some nice gold pieces which should be looked at, the most notable ones would be the “50 Roubles” and “100 Rubles” gold coins. Canada is last that we’re gonna mention, but certainly not least, from Canada we have the “Gold Maple Leaf”, a very popular coin, probably the third most widespread after the US “Eagles” and South African “Krugerrands”.

It needs to be said that even though some of these coins exist for a long time, I’ve mentioned some older ones, batches of newer modern versions are minted every year. Usually the coins come in 1 troy ounce gold weight, 22-24 karats pure, but in some cases there’s 1/4s, 2/4s and 3/4s options, who have decreased content of gold and of course decreased price. It was already said, but there’s no harm to elaborate a bit further, that newer coins for the most part are valued for their gold content. That means that if we have 1 troy ounce coin, its worth would be whatever the spot price of gold is at the time of sale, plus whatever the dealer who sold the coin to you adds for his/hers troubles. These coins are also called bullion coins, and if you are interested in investing only in gold content, then you should focus more on bullion coins. Numismatics is when a coin has increased value for some reason, like I already said. You might find yourself in a situation where you’re buying a coin, 1 troy ounce of gold, you expect that the price of it should be, according to current price of gold, around 1,745$, but the seller asks you ten times that, or more. If you’re not familiar about what kind of coins there are you might think that he or she is trying to scam you somehow. In any case, if you’re interested in gold only look for bullion coins, and if you are interested in collecting coins because of their historical or any other type of value, you shouldn’t be looking for bullions, look for numismatic pieces.

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