The fabulous Krugerrand gold coin has become the most well-known contemporary gold bullion coin. Launched in 1967 from the South African Mint Company, it was intended to circulate as a legal tender currency. The Krugerrand grew to be sought-after that in 1980, 13 years after it had been released, it accounted for 90 % of the gold bullion market!
The coin is 22 karat gold and is composed of 91.67% gold and 8.33% copper. This gold alloy combination makes the gold Krugerrand more durable than other gold bullion coins. The durability factor was an important consideration when designing the coin as it was intended to be circulated and had to be resistant to scratches and dents.
The most popular version of the coin, the 1 ounce size, weighs approximately 1.09 troy ozs, is 2.84 mm thick, and measures 32.77 mm in diameter. In 1980, three smaller varieties also became available, each containing one half ounce, one quarter ounce, and one tenth ounce of gold, respectively.
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Adding American Buffalo gold bullion to your portfolio is a safe and valuable investment. It is also known as the American Buffalo gold proof coin. This American Buffalo gold proof coin was first made available for public sale back in June 2006, which immediately made it the first government minted coin for public trading of pure 24 karat gold. Gold proof at 24 karats is as pure as you can get.
On its initial year of debut, the2006 American Buffalo gold coin was valued at approximately 800 US dollars. Currently, the now famous coin has a face value of about 50 US dollars. This is due to the fact that in 2005 the Presidential One Dollar Coin Act was enacted and responsible for the production of this gold proof coin by requiring a coin be made with a face value of 50 US dollars and a content of 1 oz of 24-karat gold. Only 300,000 of these 2006 American Buffalo gold coins were ever minted. Furthermore, the government enforced another limit of only 10 coins per household allowed which instantly made them a highly sought after collector's item.
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Gold sovereign came into existence in 1489 under King Henry VII, with a value of one pound sterling. The obverse design showed the King (sovereign) seated facing on a throne and that is how new coin gained its name - the sovereign. From 1953, gold sovereign features Queen Elizabeth II on the observe.
The reverse featured a shield on a large double Tudor rose. Sovereigns were then struck for Henry VIII, and for most monarchs until the first coinage of James I.
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Coin collecting is a great hobby that has withstood the test of time. There is something distinctly fascinating about money or any type of coinage for enthusiasts of all ages: whether you use your collection as an investment, or whether you are planning on starting a new hobby with your grandkids, here's a quick peek at what's new in coin collecting for 2010.
Collectible Quarters
Minting quarters whose reverse designs spotlighted each of the 50 states has been in practice since 1999. The two rotations issued have so far been met with wild enthusiasm by collectors and the public at large, so the U.S Mint will be issuing a new series beginning in 2010. They are calling this series "America the Beautiful" and each state's coin will feature a National Park or Site contained within its boundaries. Collecting these quarters is inexpensive, and this series is ideal for getting kids interested in coin collecting.
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Every time I go check US Mint web site, it says "Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins in quantities sufficient to meet public demand . . . "
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Your gold coin collection is one of your favorite things to display and show off, not to mention an investment. Because of the pride factor and the investment factor, it’s important to keep your collection in perfect condition. That’s part of collecting valuable objects. If you are a new gold coin collector and unsure about what you need to keep your collection in top-notch shape, here are the supplies you’ll need:
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Gold has historically been a treasured and enduring commodity. It has been lusted after and collected, seized by tyrants and pirates and the like for centuries. It's color and beauty are unequaled. It has forever been admired, molded, minted and worn as a symbol of wealth, stature.
Gold itself, has carried with it throughout history a romantic lure and reverence that goes along with it's monetary value. It's value by weight is a measure of the real wealth and stability of national currencies worldwide. Almost every country's paper money has been devalued over time and many have become completely worthless, except for precious metals such as silver and gold.
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The Perth Mint is proud to announce the second proof issue from its iconic Australian Koala Gold Coin Series. This gold coin is proof quality 99.99% Pure Gold and struck from 1/10 oz of 99.99% pure gold.
Koala Reverse Design. The reverse of each 2009 coin depicts a koala sitting on a tree branch eating gum leaves. The design incorporates The Perth Mint’s ‘P’ mintmark.
Australian Legal Tender. Issued as legal tender under the Australian Currency Act 1965, each coin features the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on its obverse.
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