| Coin collecting is something that dates back to the | | | | other things such as jewelry or bars that people |
| when coins were first issued for trade. It was | | | | retain as an investment. South Africa minted its |
| only in the Middle Ages that people turned this into | | | | first gold coin called the Krugerrand in 1967. This |
| a hobby because of the art work and the | | | | coin has no face value but merely stands as a |
| historical value. Coin collecting today is still a hobby | | | | symbol. It is made of 1 ounce of gold and can be |
| that many people enjoy. One of the most | | | | purchased for investment purposes. Since then |
| precious and most expensive collections that | | | | other countries also minted bullion coins. Canada |
| anyone can ever have are those of gold coins. | | | | made the Gold Maple Leaf in 1979 and Australia |
| The most expensive gold coin ever bought was | | | | made the Nugget in 1981. These two are much |
| worth around eight million dollars. This was the | | | | more popular than the South African coin because |
| American 1933 Gold Eagle. This is why the | | | | of its 24 carat purity.A lot of people retain gold |
| collecting of gold coins deserves to be called the | | | | today as an investment because they speculate |
| hobby of kings.Gold coins were one of the oldest | | | | that the demand will cause its market value to |
| forms of money. This was later followed by silver | | | | increase. Others hold it as a form of insurance |
| coins. Gold coins were in circulation in the United | | | | should the financial situation become worse. There |
| States from 1838 to 1933. The design was the | | | | was a point in time when the more paper money |
| Liberty Head bust but this was only made until | | | | that was made, the higher the price of gold which |
| 1907. The design was then changed to the Indian | | | | maintained gold and cash as equal value. After this |
| Head and Saint Gaudens motifs and was used | | | | standard ended in 1971, this enabled government |
| until 1933 when the Great Depression began. This | | | | to produce more paper currency without |
| prompted the recall of gold coins which makes | | | | increasing the price of gold. Since gold coins can |
| them very difficult to find today.Since these are | | | | longer be used to purchase merchandise most |
| no longer in circulation, the price for one of this | | | | coin collectors just keep them to remember that |
| rare commodity is quite high. Gold is now used for | | | | people once used them. |