One ounce gold coins became a fad with the advent of the African Krugerrand.  This coin, which was made from a lower karat of gold but has a weight of one ounce, became popular with investors since they are able to get a larger amount of gold at a lesser premium.  Most of the coins that time were smaller in weight but could be bought at a higher price only due to the cost of production.  With the lesser premiums came greater demand for the coin which was produced by South Africa.  Although this demand was checked by the temporary ban on the coin due to the apartheid system during that time, it nonetheless left its imprint in the international market for gold.

After this, other countries began developing their own one ounce gold coins – the Australian Kangaroo, the Canadian Maple Leaf, the Chinese Panda, the Austrian Philharmonic, and the American Eagles and the American Buffalo.  Most of these coins are made from 24 karat gold exempting the American Eagle which has an alloy to make it sturdier against handling.  Pure gold is very soft and is not good if handled too much or dropped.  They are easily disfigured but with an alloy, it becomes more viable for storage.

Compared with other coin sizes, the one ounce coin is still considered to be the best when it comes to investing purposes.  The smaller types of coins have higher premiums than that of the one ounce coin since the cost of production is usually just the same but the gold content is lesser.  Larger coins such as ten-ounce and one-kilogram coins are just not that easily to transport and cannot be divided or split easily if you are in need of smaller quantities.  Hence, these types of coins are usually produced at lesser quantities and are only bought for other purposes aside from investing.

Aside from these reasons, it is also good if you can easily assess the value or worth of your gold at the current market price – which is expressed in one-ounce terms.  When investing, information is definitely a good device.  So if you can easily compute your investment’s worth – which is in one ounce coins – then it will be better for you. One ounce gold coins are definitely a better choice when thinking of investing your wealth in gold coins. Article Source: 1 oz Gold Coins

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The 1787 gold Brasher doubloon has been considered by some coin collectors to be the holy grail of all collectible gold coins. This coin in particular was minted by Ephraim Brasher, who was a popular goldsmith and neighbor of George Washington. The coin itself contains 26.66 grams of gold which is actually a little less than one ounce. This particular Brasher doubloon is highly sought after because it is the only one to have a distinctive hallmark punch on the eagles breast.

The only other coin to fetch more at auction was a 1933 $20 gold Double Eagle. This coin sold in 2002 four $7.5 million at auction. It is interesting to note that the Brasher doubloon that recently sold for $7.4 million last changed hands in 2004 for $3 million. Since these types of auctions are shrouded in secrecy we do not know much about the fees paid, or where the coin ends up. According to John Albanese, a consulting partner of Blanchard, and well-known coin appraiser, “there are only five or six individuals in the world with the interest in money to buy such a coin.”

You can see a picture of the near record breaking gold doubloon and read more about the details of this auction at this link. Article source: $7.4 million Dollars Received For Gold Coin at Auction

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Gold dinars

It was in 2003 that the Malaysian Prime Minister proposed to create a gold dinar in order to boost the economy of the Arab countries and also to be a means of exchange for the trades that are done between Islamic nations. It will perhaps be a way of equalizing the differences between the various Arab currencies who in their own are experiencing some economic problems. So, with this in mind, the Arabs are now finding a way on how they can even out the problems that the Arab countries are now facing.

It is not yet known which country would be producing the gold dinars and what they would weigh exactly but if they will be used as a contender for the gold bullion coins that are now being used and circulated in the world, then they would probably be at about one ounce being a standard unit of measure for bullion coins. Aside from that, they may try to catch up with the purity of the Canadian Maple which is pure gold. If the coin will be produced in Malaysia, then it will probably have a face value based on the Malaysian currency which is the Ringgit. According to some sources, it might probably be about the same weight that was used by the earlier versions of gold dinars which is about .12 of an ounce.

If the idea will be carried out in the future, then the West will definitely have a tough competitor for the gold bullion market. Aside from the current leader, the Krugerrand, there will then be a lesser consumption from the Arab nations as they produce a gold coin of their own. Aside from the gold value of the coin, it will also even be used as a currency which will make it as a standard unit of trade in the Arab countries. There has been a push recently by some countries to stop dealing in the U.S dollar in exchange for buying and selling gold dinars in exchange for goods, and commodities.

If this will be the end result of the production of Arab gold dinars, then there will definitely be a change in the world economy in the future. Since the price of gold is usually dictated by demand, then a lessening of the amount purchased will produce a significant effect on the price of gold in the international market. Although this might mean some possible disaster for some, it may a great boost for the failing Arab economy in the future. Aside from that, it will give them a type of identity in the area of gold coins. Article Source: Gold Dinars

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The American Eagle 50 dollar coin contains 1.0909 ounces of gold with a purity of 91.67% or 22 karats. This is a good investment if you are looking for a gold coin that is hard and will not easily be damaged by handling. It contains an alloy of copper and silver which contributes to its color and toughness. The excess weight gives you the exact one ounce of gold in the coin which is a good thing if you are looking for coins that really contain what their certificates say. It is one of the most popular coins in the world will easily be traded due to their renown. The $50 American Buffalo however is for the keener gold investor. It contains a purer type of gold which is 24 karat but one of the downsides to this is that it can be easily damaged when mishandled. So the type of coin that you may buy will depend on your preference with what type of gold you would like to have in store.

Gold investing with coins is one of the most secure ways of storing your wealth for future use. The buying of gold should however, be done with the wisest decisions in order to arrive at the best possible outcome for your investment. Not all types of gold items will give you the best rate of returns as they are all priced differently depending on the costs of production and also the design and other characteristics such as rarity and age which can all affect the price of gold. Although gold value is determined by its weight and karat, some factors such as historical value and design will affect how a gold item is priced by a seller. So, if you wish to invest in gold coins, you should understand the various factors which may come into play and act according to what your particular investment needs may be. Article Source: 50 Dollar Gold Coin

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Although these proof coins actually costs a lot more than the regular or bullion types, there is a something more special when you buy gold proof coins. They are made from specially made blank coins which are manually fed to a press which has a special die made for proof coins. Some dies are also especially made for proof type of coins which adds to the cost of production since they would need to make another die. They are pressed repeatedly about three or four times in order to get that mirror like effect on the coin. This is one of the reasons why proof coins actually cost much more than the bullion types. The cost of producing these coins help increase the price of the coin whereas it also contains the same amount and karat of gold as the normal ones.

Proof coins are usually bought by gold coin collectors who can afford to spend that much on a same coin which only is made with a more detailed process and also a better blank. But although the designs are just the same, the quality of the image is much better in a proof coin. This is why most gold coin collectors will prefer the proof type rather than the bullion type. It is for the image in the coin and its quality which they are after and not on the actual gold itself. This characteristic of the coin also helps increase its selling value which although may not match for its increase value due to gold content, may be an leverage factor in buying such a coin.

The limited numbers of proof coins that are produced make them also much expensive to buy even when they are bought second-hand. Some mints produce only about a hundred making their scarcity a determining factor in pricing the coin. Aside from this, proof coins are also packaged differently than the normal ones being packed in individual cases made from either leather or wooden boxes, giving a good way of showcasing the coin for your friends and relatives. Either way, if you are buying gold coins to enjoy their design, proof coins would be the best way of getting them. Article Source:  Gold Proof Coins

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The coin weighs 1 metric tonne, is made of 99.99% pure gold, and measures 80 cm wide, by 12 cm deep. The coin is official Australian legal tender and is now officially the biggest gold bullion coin in the world. The purity from the Perth mint is guaranteed by the West Australian government. It took 18 months in total to produce the coin.

The coin was minted at the Perth mint in Australia. The CEO of the Perth mint named Ed Harbuz is recently quoted saying that releasing the coin was, “an incredible challenge, one which few other mints would even consider.” This record-breaking gold coin is at least 10 times the size of the next largest gold coin in the world. It has a denomination 1 million Australian currency, however the coin is worth much more due to its gold content. Perth Mint chief executive Ed Harbuz said the coin is “the pinnacle of ingenuity and innovation.”

The next largest gold coin was made in Canada by the Royal Canadian mint. CEO of the Perth mint, Harbuz said this about the competition for the world’s largest, “we thought well, we’d better make it so much bigger that it’ll stay the biggest coin in the world for a long time.”

Article Source: Worlds Largest Gold Coin Worth at Least 50 Million Dollars

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The Chinese Panda is the most popular Chinese gold coin. They were first issued by the Chinese mint in 1982 and was always issued with a different figure of a panda each year. The trend was stopped however during 2001 and so both of those that were issued from 2001 and in 2002 contained the same Pandas. The variety of Pandas makes it a very collectible item and also its gold content. Proof types of this coin were only issued from 1986 to 1995 which makes them a rare commodity to come by.

There is also another Chinese gold coin which is quite popular among collectors but it does not really look like a coin at all. It is the China Year of the Monkey coin which is molded like a fan. It weighs for one-half of an ounce and is also available in the United States. This coin features the Chinese monkey and also the year and place of mintage.

Aside from them, the Chinese government also issued several other gold coins each depicting a different object and also a specific important event in history. In 1979, the Chinese Mint struck 13,000 pieces of a commemorative coin for the first anniversary of the International Children’s Year. It had a face value of 450 Yuan and is made from a lower karat of gold about 90%. The coin depicted two small children planting a tree. In 1993, the Peacock gold coin was issued with a fineness of 99.9% pure gold and with a face value of 100 Yuan. There is also the Endangered Wildlife gold coin which was released in 1994 that depicts the Chinese panda as an endangered animal. The coin has a 91.6% fineness and is made of eight grams of gold. In 1995, China issued the Dinosaur commemorative coin weighing one-half of an ounce. It is made from 24 karat gold and features the Wooden Pagoda in Shanxi in its obverse. The reverse of the coin carries the image of a dinosaur. The coin carried a face value of fifty Yuan and only two thousand pieces were struck for this issue.

The last type of Chinese gold coin is the Guilin Scenery commemorative gold coin. It is rectangular in shape in contrast with the traditional type of coin and it showcases several famous landmarks of China such as the Flowery Bridge and the Elephant Trunk Hill in its obverse. It is also made from 24 karat gold and weighs one-half of an ounce. Article Source: Chinese Gold Coins

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The first gold coin that was issued in China in bullion type, the Chinese Panda is available in several different weights – one, one-half, a quarter, and one-tenth of an ounce. The one-twentieth part of an ounce type of Chinese Panda was only added after a year.  The designs of the Chinese Panda comes is a newer form every single year making them one of the most collectible item by numismatics. This was however prohibited by the Chinese government in 2001, making the 2001 and the 2002 issue similar in design. These coins are struck in different mints in China and they do not have any minting mark like those which can be found in gold coins in the US. What is does contain however, are the date of issuance, the face value and also the obverse design of the coin.

The coin has the Temple of Heaven in its obverse and also the Chinese inscription of the People’s Republic of China. It also has the year of issuance and also the indication of whether it is a commemorative gold coin or the theme of the coin. The reverse side of the coin features the Chinese Panda which is different every single year. The success of this coin can only be seen in the amount of coins that were sold during the 1980s. It was widely used not just for gold coin collecting but also as embellishments in jewelries such as bracelets and earrings and also in earrings. The smaller sizes of the coins made them very versatile not just as an investment but also for accessories.

The design of the panda was however halted in 2001 when the People’s Republic of China adopted a new policy but the ensuing clamor for the usual method – which is having a different design each year – brought the changing designs back in 2003. The coins are officially issued by the China Gold Coin Corporation and the official distributor in the US is the Panda America. The coins are used as a legal tender in China although the actual value of the coin exceeds its stated face value either 500, 100 or 25 Yuan. A one gram Chinese Panda was especially issued in 1991 to make the Chinese Panda more affordable for the public and had a face value of three Yuan.

The size and dimensions of a Chinese Panda depends on the weight of the coin which can range from one ounce up to one-twentieth of an ounce. There were weightier coins that were issued but the standard one ounce coin has a diameter of 27 mm and a thickness of 1.85 mm. Article Source: Gold Panda Coin

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The Canadian Maple Leaf is available in various weights ranging from one-twentieth of an ounce to one ounce. The face value of the coin starts from one Canadian dollar to fifty dollars but there is also a 1 kilogram coin which has a face value of one million dollars. In 1994 a one-fifteenth of an ounce coin was issued having a two dollar face value but it only came with a limited number of coins issued and were smaller in size which had made them valuable only as additions to jewelries. The coin proved to be not so popular hence the producing of the coin has been stopped.

In 2007, the mint issued a 1-million dollar gold coin which has a purity of 99.999% gold and weighs about one kilogram. It was issued to promote the popularity of the Canadian Maple Leaf and only a few were able to purchase the coin. This was done to promote the newer type of Canadian gold coin which has a higher purity than the past coins that were issued by the mint. It was sold at the price of two-and-a-half million dollars to three million Canadian dollars. The coin was designed by Stanley Witten.

The coin was manufactured with a .999 fineness of gold and was only changed to a .9999 purity in 1982.  The purest that was ever produced, one having .99999 fineness was produced to commemorate special events and was particularly difficult to store and handle as it is very soft being pure gold.  Most of the Canadian Maple Leafs that were issued from 2007 were usually designed by Stanley Witten and usually portrays Queen Elizabeth II on one of its sides. The coin is officially struck at the Ottawa branch of the Royal Canadian Mint. The high quality of gold that the coin possesses makes it very difficult to handle as it is more subject to being damaged by handling. This has been one of the drawbacks of having a gold coin in such a very high karat but if you are after the quality of the coin, this will not be such a big problem. Article Source: Canadian Maple Leaf Gold Coin

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The coin can be bought from either the mint itself or through some second-hand dealer where the coin’s premiums can be more costly. The popularity of the coins in the United States has led to fewer secondary markets for this coin although it has a good performance in the primary market. It is similar to the performance of the Krugerrand in the secondary markets.

The coin features one of the pride of Austrian culture and music, the organ in Vienna’s most famous concert hall, the Musikverein. It houses the Vienna Philharmonic Orchestra which is considered to be the best in the world. The coin has a weight of one ounce and a face value of either two thousand Austrian Schillings or one hundred Euros depending on the date of their issuance. Hence, it is one of the gold coins that have a face value for two different currencies. The reverse side of the coin features the different musical instruments from the orchestra in such excellent detail making it one of the most beautiful coins in the world.

The coin is larger in size than the American Gold Eagle and the Krugerrand which only has a 32.7 mm diameter whereas the Philharmonic has a 37 mm diameter. It is also thinner than the former two in that is only has a 2 mm diameter. If you purchase the coins from the Austrian Mint they will usually be in rolls of coins in a plastic tube. The Austrian mint is one of the longest running mint operating for more than eight hundred years already. In that span of time, the coin has been able to turn up hundreds of designs in coins.

The Austrian Philharmonic is one of the purest types of gold coins that is available in the market and is also one of the most beautiful in terms of design. The coin is comparable to the Canadian Maple Leaf in terms of its purity. It is the only European coin which has been produced in large numbers and is also one of the most popular. Article Source: Austrian Philharmonic Coin

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