A gold coin is a coin that is made mostly or entirely of gold. Gold has been a valued substance for as long as they history can determine. Gold was used as commerce since the Bronze Age but coins developed in 6th century B.C. in Anatolia. The name of the king of Lydia is associated with the invention. The yang Yuan is an early gold coin manufactured in China. The German gold mark was introduced replacing the coins of Holy Roman Empire. Gold coins have been a primary form of money, but there use became minimum in the 20th century. Gold coins have been back in many currencies. Now you can buy gold online.
How these coins are made?
The first step is to melt the requisite precious metals in a furnace. Gold melts at exactly 1,064°C. Coils up to 40 metres long and weighing one tonne are formed from the melted precious metal and are then rolled with a pressure of up to 200 tonnes before being cut into blanks. Both the gold coin and silver coin designs are the creations of our numismatic artists who draw a draft design before making a plaster model – a process that can take up to a year from start to finish. The plaster model is scanned using digital technology to produce a die, which is then cut by means of an engraving machine with an accuracy of 0.001 mm. Striking begins as soon as the gold coin blanks (or silver) dies are completed. Circulation coins and precious collector pieces are processed separately, but time is money so the production of euro and cent coins has to be fast and efficient. Each coining press strikes up to 750 coins per minute. When producing gold coins and silver coins of the highest quality, precision and purity take top priority. Blanks are placed in the coin press by hand and are individually checked for quality several times over.
Investing gold in form of bullion has many advantages:
- Having physical gold (gold coins/ gold bar) is a good technique to have control on your own investment.
- It can also help in disasters like high inflation.
- Physical gold has a perfect relation to the market prices of gold. So it is a great investment.
- When you buy gold coins, sellers charge premiums that increase the cost of bullion above the actual market price of gold.
- We can do something to preserve and protect our money.
- Over the last few years, gold investing such as ETF’s and exchange traded funds have been popular all around the world.
- Nobody has to know you own gold coins.
- Gold tends to go up when other investments decline.
- In massive currency devaluation, you can sell gold and silver coins.
In this era, it is quite easy to buy gold coins. You can buy gold online and pay at the delivery. There are many sites which provide gold coins and sell and buy them.
