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50 Dollar Gold Coin

The 50 Dollar Gold Coin comes in a few different manifestations or varieties. One of the best ways to invest in gold is by buying gold coins. Gold coins are available in different weights and karats which determine how much a gold coin will cost. One of the easiest and most preferable ways of investing in a gold coin is by buying the largest amount of weight in the most comfortable unit possible. Buying greater weights of gold will actually lessen the amount of premium that you would need to pay for a gold item. Such premiums of course include the labor costs and the transportation and insurance costs which would entail the delivery of the coin. If you wish to cut back on these costs, the best thing that you can get is the 50 dollar coin. They contain one ounce of gold in a single coin thereby cutting down on the costs. You can get these coins in either the American Eagle coin or the American Buffalo coin. They all have a face value of fifty dollars though their real value is way worth more than that especially now that an ounce of gold is valued at more than $1,700.

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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 this precious metal 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.

Gold Proof Coins

Coin collecting with gold proof coins can be an effective way of investing your money in gold. Placing your money in gold is a good way of preserving and even increasing the value of your money for the years to come. Since gold is one of the commodities in the market which continue to improve their value, it is only a matter of common sense to invest in this precious metal. There are a lot of reasons for investing in gold and beauty is one of them. Those who are in the lookout for excellent specimens for a recently released gold coin may often opt for the proof type of coins which have a much clearer outline of the coin’s design and also a mirror like effect which is much preferable if you like to collect coins with an excellent form.

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 precious metal 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.

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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.

Worlds Largest Gold Coin Worth at Least 50 Million Dollars

The Australian mint has just produced the world’s largest gold coin. The coin is worth more than $50 million and weighs an amazing 1000 kg which is the equivalent of 2.2 tons. The giant gold coin resembles a massive disk that features a kangaroo on one side and the Queen’s profile on the other side.

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.”

http://www.youtube.com/watch?v=uaCOn9uDW6U

 

Chinese Gold Coins

Gold Coins are issued from the the People’s Republic of China official mint. They have two general coin types: the Chinese Panda and the Chinese Unicorn. The former is the more popular among the two and is the one which is usually sold or bought in the market. The Chinese Unicorn was issued on 1986 and has a limited mintage hence making it quite unpopular with gold coin collectors. It features the Chinese unicorn in its obverse and the unicorn of the West on its reverse. The Chinese unicorn is also made from high quality gold – 24 karat – and is being sold at a weight of a twentieth part of an ounce. The coin has a face value of five Yuan and can be bought in the United States in almost mint condition.

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.

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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.

Gold Panda Coin

The Chinese panda coin is one of the most popular types of gold coins in the world. It is issued by the People’s Republic of China but it is available almost anywhere in the world. The coin was first issued in 1982 and they have been sold at several weights and in various depictions of the Chinese Panda making them one of the more highly valued gold coins to collect in the world.

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.

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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.