Gold Bullion Coins

Gold coins in the current financial climate are inbegun producing the $20 Double Eagle gold coin,
high demand and for good reason. Gold coinsbut then the ban of private ownership came into
have always been a popular way to hedge againstforce so they had to melt them and the ones
inflation and for a balanced portfolio risk. Thoughhanded in all down, though some did manage to
coins made with gold have been produced everget into the public domain, so as a collector coin it
since a coinage system began, the modern dayis the ones dated prior to 1933 that are more of
gold coins are minted for collectors or to be usedcollectors item, though they still have some
as bullion coins. A bullion coin is bought for itsinvestment attributes.
investment potential rather than its face value.Bullion coins
Why Gold?Modern day gold coins are bought for investment
Gold can be moved around the country quitepurposes rather than their numismatic interest,
easily, and with such high value compared to itsand are bought and sold depending on the current
weight makes it more convenient that othermarket value gold, this makes a choice of
commodities. Gold itself can be reduced in sizeinvestors as a way to have some gold in their
without losing its overall value and is more difficultportfolio as a hedge against the world economic
to counterfeit and above all, with the worldsups and downs. South Africa began the modern
stock of gold being limited, the value of gold istrend when in 1967 it introduced the Kruggerrand,
fairly stable on the commodities exchanges. Inwhich fortunately contained one troy ounce of
1933 the United States banned the privategold, these were conveniently priced just above
ownership of gold coins over $100, anythingthe bullion prices of gold, though gold coins have a
above this amount that they owned had to beface value associated with the coin which is far
handed over to the Federal Reserve, in whichless than its true value this is done to give the
they paid $20.67 per troy ounce. This bancoin some status in law and they are technically
remained in force until 1974 when a bill in the USlegal tender, but as coinage can be easily moved
parliament allowed once again private ownershipacross the national borders. The gold bullion gold
of gold coins in excess of $100. The reasoncoins value is determined by its troy weight and
behind all this was down to the Worlds monetarythe current price of gold on the commodities
system and the Gold standard.market.
Collector CoinProduces of Gold Bullion
The respective mints for each country produceGold bullion coins are now minted by various
yearly a chart with how many coins are mintedcountries and are sold by the troy ounce or a
for each denomination, and with these figures atmultiple of a troy ounce, like 1/20 oz., 1/10 oz., 1
hand one can see the rarity of the various coins,4 oz., 1/2 oz., 1 oz. Some of the countries
just one statistic to determine the value of a goldproducing the gold coins are Australia, Austria,
coin, the condition is another important factor toCanada, Mexico, Poland South Africa, United
take into account. Hence why in 2002 the auctionKingdom and the United States. It has been
house, Sotherby's sold a 1933 $20 double eaglereported that the United Nations will be issuing
for £7.5 million, at the time the US treasury hadgold bullion coins at some date in the future.