Citizendia
Your Ad Here

A Krugerrand gold coin from South Africa
A Krugerrand gold coin from South Africa

Gold coins are one of the oldest forms of money. A Krugerrand is a South African Gold coin, first minted in 1967 in order to help market South African gold The Republic of South Africa (also known by other official names) is a country located at the southern tip of the continent of Africa Money is anything that is generally accepted as Payment for Goods and services and repayment of Debts. The first gold coins in history were coined by the Lydian king Croesus in about 560 BC, not long after the first silver coins were minted by king Pheidon of Argos in about 700 BC. Gold (ˈɡoʊld is a Chemical element with the symbol Au (from its Latin name aurum) and Atomic number 79 Defining Lydia Aside from a legend related by Herodotus, who states that the name Lydia came from king Lydus at the time of the fall of Troy A king is a male Monarch, or a Head of state, who may or may not depending on the style of government of a nation exercise monarchal powers over a territory usually This article refers to the historical King of Lydia For the opera by Reinhard Keiser, see Croesus (opera. Silver coins are possibly the oldest mass form of Coinage Silver has been used as a coinage Metal since the times of the Greeks Their silver drachmas Pheidon ( 8th or 7th century BC, gr Φειδων was king of Argos. Argos ( Greek: Ἄργος, Árgos ˈaɾɣos is a city in Greece in the Peloponnese near Nafplio, which was its historic harbor

Gold coins then had a very long period as a primary form of money, only falling into disuse in the early 20th century. Money is anything that is generally accepted as Payment for Goods and services and repayment of Debts. Most of the world stopped making gold coins as currency by 1933. A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is Year 1933 ( MCMXXXIII) was a Common year starting on Sunday (link will display full calendar of the Gregorian calendar.

However, gold-coloured coins (not made of real gold) have made a comeback in many currencies. Furthermore, many countries continue to make legal tender gold coins, but these are primarily meant for collectors and investment purposes and are not meant for circulation. Legal tender or forced tender is Payment that by Law, cannot be refused in settlement of a Debt ( Debtor cannot successfully be sued

Contents

Collector coins

Many factors determine the value of a gold coin, such as its rarity, age, condition and the number originally minted. Gold coins coveted by collectors include the Aureus, Solidus and Spur Ryal. The aureus (pl aurei) was a Gold coin of Ancient Rome valued at 25 silver denarii. The solidus (the Latin word for solid) was originally a Gold coin issued by the Romans. The Spur Royal was an extremely rare English Gold coin issued in the reign of King James I.

In July 2002, a very rare $20 1933 Double Eagle gold coin sold for a record $7,590,020 at Sotheby's, making it by far the most valuable coin ever sold to date. The 1933 double eagle ( United States 20- dollar Gold coin) currently holds the record for highest price paid at Auction for a single U Sotheby's ( is the world's second oldest Auction house in continuous operation (the oldest being Stockholms Auktionsverk founded in 1674 In early 1933, more than 445,000 Double Eagle coins had been struck by the U. S. Mint, but most of these were surrendered and melted down following Executive Order 6102. Executive Order 6102 is an Executive Order signed on April 5, 1933 by U Only a few coins managed to survive.

In 2007 the Canadian Mint produced a 100 kg gold coin with a face value of $1,000,000, though the gold content was worth over $2 million at the time. The Royal Canadian Mint (RCM French: Monnaie royale canadienne) produces all of Canada 's circulation Coins and manufactures circulation It measures 50 cm in diameter and is 3 cm thick. It was intended as a one-off to promote a new line of Canadian Gold Maple Leaf coins, but after several interested buyers came forward the mint announced it would manufacture them as ordered and sell them for between $2. The Canadian Gold Maple Leaf is the official Bullion Gold coin of Canada and is produced by the Royal Canadian Mint. 5 million and $3 million. As of May 3 2007 there were five confirmed orders. [1] Austria had previously produced a 37 cm diameter 31 kg gold coin with a face value of €100,000 ($153,000). Euro gold and silver commemorative coins are special Euro coins minted and issued by member states of the Eurozone. Please update other articles as well to avoid contradiction within Wikipedia e [2]

In October 4, 2007, David Albanese (president of Albanese Rare Coins) stated that a $10 - 1804-dated Eagle coin (made for President Andrew Jackson as a diplomatic gift) was sold to an anonymous private collector for $5 million. Events 610 - Heraclius arrives by ship from Africa at Constantinople, overthrows Byzantine Emperor Phocas Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. The eagle was a base-unit of denomination issued only for Gold coinage by the United States Mint. Andrew Jackson (March 15 1767 June 8 1845 was the seventh President of the United States (1829&ndash1837 [3]

Gold Guilder

Double Eagle

Ducat

Three Gold Sovereigns with a Krugerrand

Bullion coins

While obsolete gold coins are primarily collected for their numismatic value, gold bullion coins today derive their value from the metal (gold) content - and as such are viewed by some investors as a "hedge" against inflation or a store of value. Guilder is the English translation of the Dutch gulden — from Old Dutch for 'golden' A Double Eagle is a Gold coin of the United States with a denomination of $20 The ducat (ˈdʌkət is a Gold coin that was used as a trade currency throughout Europe before World War I. A Gold Sovereign is a Gold coin first issued in 1489 for Henry VII of England and still in production as of 2008 Numismatics (numisma nomisma "coin" from the νομίζειν nomízein, "to use according to law" is the study or collection of Currency In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time To act as a store of value, a Commodity, a form of Money, or Financial capital must be able to be reliably saved stored and retrieved - and be predictably South Africa introduced the Krugerrand in 1967 to cater to this market; this was the reason for its convenient and memorable gold content—exactly one troy ounce. The Republic of South Africa (also known by other official names) is a country located at the southern tip of the continent of Africa A Krugerrand is a South African Gold coin, first minted in 1967 in order to help market South African gold Troy weight is a system of units of Mass customarily used for Precious metals Black powder, and Gemstones Named after Troyes It was the first modern, low premium (i. e. priced only slightly above the bullion value of the gold) bullion gold coin. Precious Metal is the eighteenth episode in the of the popular American Crime drama, which is set in Las Vegas, Nevada. Bullion coins are also produced in fractions of an ounce – typically half ounce, quarter ounce, and one-tenth ounce. Bullion coins do not carry a meaningful face value, as their value is mainly dictated by their troy weight and the current market price of the precious metal. Troy weight is a system of units of Mass customarily used for Precious metals Black powder, and Gemstones Named after Troyes Precious Metal is the eighteenth episode in the of the popular American Crime drama, which is set in Las Vegas, Nevada. (If a face value is minted on the coin, it is done for legal or other reasons and it is nearly always significantly less than the actual value of the coin. ) Gold has an international currency code of XAU under ISO 4217. A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established

Gold bullion coins usually come in 1 oz, 1/2 oz, 1/4 oz, 1/10 and 1/20 oz. sizes. Most countries have one design that remains constant each year; others have variations each year, and in most cases each coin is dated. A 1/10th oz bullion coin is about the same size as a U. S. dime. A 1 oz. gold bullion coin is about the size of a U. S. half dollar.

Krugerrand

Canadian Gold Maple Leaf

American Gold Eagle

Other gold bullion coins, many named after their design features, include:

Counterfeits

There are well made counterfeit gold coins in circulation. A Krugerrand is a South African Gold coin, first minted in 1967 in order to help market South African gold The Canadian Gold Maple Leaf is the official Bullion Gold coin of Canada and is produced by the Royal Canadian Mint. For the $10 pre-1932 US gold circulation coin see Eagle Specifications Each of the four sizes contains 91 Euro gold and silver commemorative coins are special Euro coins minted and issued by member states of the Eurozone. The Chinese Silver Panda is a series of Silver bullion coins issued by the People's Republic of China. The Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a Bullion Gold coin made from Chervonets (or tchervonets, Черво́нец plural chervontsy) is a former currency of the Russian Empire and Soviet Union. Vreneli is the informal name for a range of legal tender Gold coins produced in Switzerland. A counterfeit is an imitation that is made usually with the intent to deceptively represent its content or origins For example, the Saint-Gaudens Double Eagle omega counterfeit is infamous for its complexity; and has fooled many numismatics experts. A Double Eagle is a Gold coin of the United States with a denomination of $20 Numismatics (numisma nomisma "coin" from the νομίζειν nomízein, "to use according to law" is the study or collection of Currency It is a high relief business strike, and due to the extensive wear on the die, these coins were not made for many years. For poor counterfeits, a good scale can usually tell if it's counterfeit or not; however, there are many well made counterfeited ancient coins that not only use gold, but the correct amount as well.

The US $20 gold coin ("double eagle") has raised lettering around its rim. If the coin is uncirculated, the letters will be flat on top. If slightly rounded, and the coin is uncirculated, it is a counterfeit. However, some counterfeits do not have this defect.

There are other counterfeit double eagles in which the gold and copper alloy was not thoroughly mixed. These counterfeits will have a slightly mottled appearance.

An old practice to test whether a gold coin was counterfeit was to bite down on it. Since pure gold is relatively soft any base metals mixed with the gold to lessen its value will also harden the coin, and so make it harder to bite on. The majority of bullion counterfeits (of all types) are rare, and fairly easy to detect when comparing its weight, color and size to an authentic piece as the cost of reproducing any given coin precisely can exceed the market value of the original's.

Games

In the fictional settings of innumerable board games and video games, including titles such as Dungeons and Dragons, Ultima Online, World of Warcraft, Harvest Moon, RuneScape, Dark Age of Camelot, Champions of Norrath, Champions: Return to Arms, and Shadowbane, gold or gold coins are used as in-game currency. Dungeons & Dragons (abbreviated as D&D or DnD) is a Fantasy Role-playing game (RPG originally designed by Ultima Online ( UO) is a graphical Massively multiplayer online role-playing game (MMORPG released on September 25 1997 As of World of Warcraft (commonly acronymed as WoW) is a Massively multiplayer online role-playing game (MMORPG The harvest moon is the moon at and about the period of fullness that is nearest to the autumnal equinox RuneScape is a Java -based MMORPG ( Massively Multiplayer Online Role-Playing Game) operated by Jagex Ltd Dark Age of Camelot is a 3D Medieval Fantasy MMORPG that revolves around the war between three realms at the end of Champions of Norrath (CoN is an online -capable action role-playing game for the PlayStation 2, set in the EverQuest Champions Return to Arms is a Action RPG set in the EverQuest universe Shadowbane is a free Fantasy Computer role-playing game ( MMORPG) created by Wolfpack Studios and published on March 25

Further reading

See also

References

  1. ^ "Finally! A 100 kg Canadian gold coin", CBC News, May 3, 2007. The KARAT (abbreviation "K" or 'Kt' or "KP" for Karat Plumb is a measure of the Purity of Gold Alloys. "Gold brick" redirects here For other uses see Gold brick (disambiguation. This article discusses buying gold as an investment. Gold price The usual benchmark for the price of gold is known as the London Gold Fixing, a twice-daily Silver coins are possibly the oldest mass form of Coinage Silver has been used as a coinage Metal since the times of the Greeks Their silver drachmas Palladium coins are a form of Coinage made out of the rare silver-white Transition metal Palladium. Platinum coins are a form of Currency. Platinum has an international currency symbol under ISO 4217 of XPT. The history of coins extends from ancient times to the present and is related to Economic history, the history of minting technologies the history shown Numismatics (numisma nomisma "coin" from the νομίζειν nomízein, "to use according to law" is the study or collection of Currency Precious Metal is the eighteenth episode in the of the popular American Crime drama, which is set in Las Vegas, Nevada. A Gold Sovereign is a Gold coin first issued in 1489 for Henry VII of England and still in production as of 2008 This article covers only the Gold and Silver issues of the euro commemorative coins (collectors coins  
  2. ^ "Royal Canadian Mint introduces world's first 100-kilogram pure gold coin", CBC, May 3, 2007.  
  3. ^ Afp.google.com, Collector Pays $5M for 1804 Gold Coin

External links

© 2009 citizendia.org; parts available under the terms of GNU Free Documentation License, from http://en.wikipedia.org
 Dapyx Software network: MP3 Explorer | Ebook Manager | Zenithic