It is only recently, around 1933, that gold coins have stopped being used as currency. Despite this, many of the coins these days are still legal tender in the country in which they are struck.
There are many different types of gold coins and many countries produce gold coins for collectors and as an investment for people interesting in protecting themselves from variations and pressures economically
Gold coins are very popular among people who are keen to "hedge" against inflation or a store assets. The South African government introduced the Krugerrand in 1967 to cater to this very market. This was a boom to the American collector as, at that time, it was illegal for any
These days one can buy gold coins from most countries. The design on the coins tend to remain constant, at least on one side where a particular individual is represented. In the
When you buy gold coins they should come sealed in their own transparent plastic bubble. Always check to ensure the bubble has not been tampered with and is completely sealed. The coin should not be removed from the bubble at all as this can affect not just the surface of the coin but the value as well.
The value of a gold coin is determined by a number of factors, the condition of the coin, the rarity, its age and how many were minted. As an example just 5 years ago a very rare $20 1933 Double Eagle gold coin was sold at auction for over 7.5 million dollars.
Gold coins can also be very beautiful and many people will collect them for their beauty alone.