Gold Coins

The first time that coins were issued for trade it was inevitable that coin collecting would occur in time.
This first started in the Middle Ages, as people began to appreciate the historical value and art work produced for these coins.
Many people across the world today still love coin collecting as a hobby.
Gold coins are one of the most precious and therefore expensive collections anyone can ever have.
It sounds unbelievable but the most expensive gold coin ever bought was sold for a staggering eight million dollars of which had the American Gold Eagle 1933 upon it.
The collection og gold coins for that very reason is known as the hobby of kings.
Gold and silver coins are amongst the oldest forms of money that we know of.Between 1838 and 1933, gold coins were in wide circulation within the United States Of America.
Until 1907,the Liberty Head Bust was the design chosen to befit gold coins in that country. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 which was when the Great Depression of America took hold.
Due to the severe financial crisis the American government at that time dound themselves in, they immediately recalled all gold coins in circulation which has in turn over the years made them very difficult to find today.
Since circulation of these coins finished long ago, the value and price of this rare commodity is quite high.
Gold is now used mostly for other things such as jewellry or gold bars that people can retain as an investment.

The first minting of a gold coin in South Africa was in 1967 and named the Krugerrand.
This coin only stand as a symbol for that country and unfortunately does not have any sort of face value whatsoever. Currently purposes of investment  are the only reason these coins can be purchased and is made made of only one ounce of gold.
Minted gold bullion coins have since then been produced by many other countries including Canada and Australia.
In Canada, the Gold Maple Leaf was first produced in 1979, while the Australian Nugget was first made in 1981. Due to both these countries making them in a 24 carat purity, both these coins are far more popular than the South African coin.
Since gold coins can no longer be used to purchase goods, most coin collectors around the world just keep them to remember that people once used them and are good pieces of historical value.