Some Interesting Facts About Gold Coins
Wednesday, April 6th, 2011Gold coins are generally regarded as investments where the same are usually purchased by gold collectors. The value of a gold coins depends on how rare it is, its age, condition, and how many are there in its existence. The most popular gold coins which collectors search for are the Aureus, Solidus and the Spur Ryal.
Just how valuable are these old coins? Well, in July 2002, a very rare $20 1933 Double Eagle gold coin was sold for $7,590,020! In the year 2007 the Royal Canadian Mint made a 100 kilogram gold coin which had a face value of $1,000,000 even though the gold content was well worth over $2 million. It was created to promote the Canadian Gold Maple Leaf Coin. Austria had likewise produced its own 31 kg Philharmonic gold coin which was valued at €100,000. Still, in the same year, a $10 1804 eagle coin which was supposed to be given as a diplomatic gift to President Andrew Jackson by David Albanese (president of Albanese rare coins) was sold for $5 million.
These gold coins can usually be obtained from dealers. Unfortunately, because of its intrinsic value, a lot of counterfeit coins have also been circulating which even look good enough to pass of as the true thing. Hence, people should be extra vigilant in buying these gold coins, most especially if we know nothing much about the person whom we are dealing with. It is thus better to deal with a trusted and credible dealer.