Guide To Gold Coin Collecting

By: Mark Andrews

Collecting Gold Coins can be a highly rewarding andpleasurable activity, it actually dates back to when coins were veryfirst issued for trade. Enter the middle ages and people then startedto turn it into an actual 'hobby' simply because of the unique artworkand historical value associated with coins.

Coin collecting todayis still a hobby come business past time that a great number of peopleenjoy participating in. One of the most precious and most expensivecollections that anyone can ever have are those associated with goldcoins, but having said that, it still represent amazingly good valueand could just turn into a worthwhile investment proposition for you toadd to your investment portfolio. Of course as with anything, it iswise to conduct all due diligence first, this goes without saying. Themost expensive gold coin ever purchased was worth, wait for it! AboutEight Million Dollars! This was the American 1933 Gold Eagle. This iswhy the collecting of gold coins deserves to earn for itself, thetitle, the 'hobby' of kings and queens.

Gold coins were one ofthe very oldest forms of money, or currency. This was later followed bysilver coins. Gold coins were in circulation in the US from 1838 until1933. The design was the Liberty Head bust, however this was onlyminted until 1907. This design was then changed to the Indian Head andSaint Gaudens motifs and was used until 1933, the start of the GreatDepression. This then prompted the recall of gold coins which makesthem very difficult to locate today.

Since these are no longer incirculation, the price alone for one of these commodities is actuallyquite high. Gold is also now used for other products such as jeweleryor gold bars that people also retain for investment purposes.

SouthAfrica minted it's first gold coin which was called the Kruggarand in1967. This coin actually has no face value but merely stands as asymbol. It is made from one ounce of gold and can be bought forinvestment purposes.

Since then, other countries have also mintedgold bullion coins. Canada made the gold maple leaf gold coin in theyear 1979 and Australia followed suit with the Gold Nugget in 1981.These two are in actual fact much more popular than the South AfricanKruggarand gold coin because of it's 24 carat purity.

A lot ofindividuals today retain gold and gold coins as an investment becausethey speculate that the demand will cause it's market value toincrease. Other people hold onto gold as a form of insurance especiallyin view of the present shaky market conditions and downturn in theeconomy. There was a point in time when the more paper money that wasproduced, as released by the banks, the higher the market value of goldwhich maintained gold and cash as equal value. After this standard cameto the end of it's day in 1971, this enabled government to produce morepaper currency without increasing the price of gold itself.

Foran excellent source of gold coins on the market today, actually eBayhas a good range available from within it's marketplace, although youare well advised to do your research first before simply rushing in. Ofcourse many positive feedbacks given to an individual seller will givethat individual greater credibility and respect. If you do you duediligence you too could soon be collecting gold coins either forinvestment or simply for the great pleasure that can be gleaned fromresearching their history and use.

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