Gold Coins for Sale
Other than collector's gold coins, gold bullion coins are popular among people who desire a "hedge" against currency inflation or store of value. 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. It was the first modern, low premium (i.e. priced only slightly above the bullion value of the gold) bullion gold coin. 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 precious metal price. (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.
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.
Other gold bullion coins, many named after their design features, include:
- Austrian Philharmonic
- British Britannia
- Chinese Panda
- Gold Dinar
- Russian Chervonets
- Swiss Vreneli
Excerpt of "Gold coin." Wikipedia, The Free Encyclopedia. 5 Oct 2006, 00:12 UTC. Wikimedia Foundation, Inc. 26 Oct 2006 http://en.wikipedia.org/w/index.php?title=Gold_coin&oldid=79554044
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