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History of Gold Coins

The history of gold coins is intertwined with almost all of human existence. For centuries, people have minted and traded gold; from the time when man learned to shape metal, coins have been created. This spirit is alive today, as people recreate the history of gold coins by using this commodity as a successful investment vehicle.

Today, gold coins can be purchased in two different forms: bullion and collector’s coins. Bullion is new coinage that is minted by governments such as the United States, Australia, France, Austria, Canada and others. These coins range between 90 and 99.99 percent pure gold, and they are sold and used primarily for people interested in owning gold. Bullion traditionally offers an excellent hedge against inflation and is frequently used as a successful short-term investment option.

Rare gold coins can be found that help to record the different eras in world history. In the United States, however, they have an added importance since very few remain. The US government twice confiscated gold from its citizens, meaning that many of the gold coins that were minted from the late 1700s to 1933 were melted down. The result is that coins from that era which are certified by PCGS or NGC are not only accurately graded; they tend to be highly valuable as well. Certified gold coins are typically held as long-term investments, with their numismatic value far outweighing the value of the gold they contain.

The history of gold coins reaches throughout countries, rulers, eras and events. The intrinsic value of these coins allows people to use them successfully as both long and short term investments. 

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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