Why use coins as currency than gold bars?

The gold was worth more than the printed value of the currency.

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Yes, it is a currency. Unlike other currencies, its value changes with the spot price of gold. Other nations have issued gold coins, usually with a lower denomination than its value in gold. But, Krugerrands are unique because there is no value minted on them.

A top choice for investors, gold is a reliable source for investments in any economic condition. Gold is often bought, sold or traded depending on the market value by a number of investors, banks or private citizens. Gold that is used for gold futures investment often comes in the form of gold bars used by the United States Government or as bouillon coins. Another option to investing in gold futures is to purchase stocks in gold mining companies. These stocks may not always increase in value, and in some cases, may become worth far less than the cost of gold. Investing in gold futures is often a speculative endeavor, as the prices of gold fluctuate over time. While gold futures are often promising and in recent years have been rising steadily it is important to keep in mind that these rates may vary. Rates may suddenly drop or rise depending on the demand or the economy or may slowly change over time. Gold investments are often considered recession proof because the value of gold does not change the way normal currency does. Because gold cannot be printed the way currency can be and there is a limited supply to gold, the value often goes up, making investing in gold futures less risky than currency. Gold bullion coins used for investing in gold futures are often used as they come in a variety of weights, allowing for investors to purchase coins that meet their budget at the time. Investment grade gold coins are also used by investors to secure their gold futures. It is often recommended to purchase lower value investment grade coins as their value is not as high rising as other forms of gold investments. Small investors interested in investing in gold futures will find that gold coins are easier to obtain than gold bars. This is due to the fact that gold bars are subject to storage fees and other costs as the bars are most often stored by the broker instead of kept at the home. Gold coins can be kept in a bank box or at the investor's home, removing the need for storage fees or other costs.

In 1899 all European countries had a gold currency. The silver and bronze coins for the smaller denominations were 'token' coins in that their metal value was less than their face value. However, in larger quantities they could be changed for gold coins.

None of the gold colored dollar coins made from 2000 to date have any gold in them. Only a few error coins and collectors coins have more than face value.

No. Gold is much denser than pyrite.

Gold and Silver are worth more than the face value of the coins.

The price of gold 1oz is set once or twice a day by London. If you go to a teller in the Canadian Bank of Nova Scotia which sells coins, the teller will look it up in that day's printout and if you want to buy, she'll send to the vault for your coin. The coins are a little more expensive than the 1 oz bullion bars, and some coins are more expensive than others depending on rarity and beauty. For instance the Canadian Maple Leaf, South African Kruger Rand, and American Eagle which are essentially bullion coins are a bit more expensive than the bars but not as expensive as Chinese Pandas which are rarer and prettier. The price of coins can be found at kitco dot com.

Fractional Currency was used during the Civil War due to the fact that many people were hoarding coins for the metal and gold, not for the monetary value. Fractional currency is small denominations that are less than the standard monetary unit. For example, paper money that is worth less than $1. Fractional currency was commonly issued during the Civil War by the government.

Since 1975, Americans can own gold. This means Gold Jewlrey, Gold coins and bars. The US Mint has produced Silver, Gold, and platinum coins for several years called eagles. 1oz 1/2 oz, 1/4 oz and 1/10 oz gold and platinum and 1 oz Silver. Many older circulation coins from the US and many other countries are availaible. Many of these are worth more than their gold value and are more suited for collectors. Many countries such as Canada, China, Gibraltar and South Africa produce .999 pure gold coins. Just search for GOLD COINS on the web and you will see plenty for sale. Hope this helped.

A pound of gold is worth more than half a pound of gold.

Since the value of gold is by weight 1 lb of gold is worth more than 1/2 lb of gold by definition. The fact that there are more coins is irrelevant.

Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus. Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus. Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus. Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus. Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus. Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus. Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus. Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus. Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus.

At one time, all British gold coins including the Sovereign, were circulating currency. Since 1980 particularly, the 22 carat gold Five Pound, Two Pound, Sovereign and Half-Sovereign coins can be considered non-circulating legal tender and are only produced as Proof FDC for collectors and investors. Their actual value is much greater than their face value and you would be a fool to spend one at the shops for a Pound's worth of goods. Bullion is defined as a precious metal such as gold or silver, etc., in the form of bars or ingots for storage or future processing. Bullion is more or less what you would have if you melted the coins down for their gold value.

Gold coins are coins entirely or almost entirely made of gold. Gold has been used for currency for thousands of years due to its intrinsic value and because it is regarded as a universal form of currency by most of the world's societies. Gold's beauty and durability has made it highly useful for coinage. Its economic value stems from its scarcity, which resists destabilization of value. Since gold has a high density-to-value ratio, it can easily be converted into smaller units without loss of value. The Egyptian Pharaohs made gold coins in the third millennium, B.C., mostly for use as gifts. The first gold coins used for circulation were issued around 600 B.C. by Croesus of Lydia. The Chinese minted gold coins known as ying yuang around 60 B.C. They also manufactured different units of gold, such as the talent, which was the forerunner of the modern 400 troy oz. ingot. Afterwards, gold coins became universally accepted as a form of currency and for international trading between merchants and governments. Use of gold for currency was abandoned in the early 20th century, when most world governments dropped the gold standard as a response to the hoarding of gold in the face of the Great Depression. The United States ceased to value the dollar in relation to gold in 1933, and forbade gold hoarding. Gold remains highly valuable, however, for purposes of collecting as well as for bullion. Collecting of gold coins is lucrative, and coins are valued on condition, rarity, age and the number of coins minted of a certain type. For example, Southby's sold an exceedingly rare 1933 U.S. Double Eagle in 2002 for over $7.5 million. And in 1999, a Liberty Head Golden Eagle from 1854 sold for $135,700. Many collectors buy gold coins for investment purposes, as their collectable value tends to increase over time. Bullion gold is gold in bulk, either as coin or ingots. It's used primarily for commodities trading. Bullion's value is based on purity and density rather than its face value as currency. Many traders invest in bullion as a hedge against inflation, or for investment purposes. The European Union designates certain gold coins to be used for investment purposes. The South African Krugerrand was created especially for investors. It's highly valued due to its high gold content of one troy ounce.

Some coins cost more because they are rarer, or made of gold or silver, not because of where they are from.

gold is worth more than silver, so the more gold the more its worth.

So far just a few error coins missing the dates from the edge of the coins and the Proof and Uncirculated coins sold from the Mint have slightly higher values. Also I hope you know the coins are brass not gold.

because you cant make gold into paper(easily) Gold has an intrinsic value, being a precious metal. That means that a gold coin's value can never be less than the value of the amount of pure gold it contains. In the past gold's value was relatively stable so its use in circulating coinage made sense. Because its worth was fixed, it wasn't subject to the whims of politicians or economic changes that caused other forms of currency such as paper money to lose value. However when the price of gold was deregulated it became impossible to issue coins made of gold because fluctuations in the metals market could cause a coin to be worth more for its gold content than its face value, as happened with silver coins in the 1960s. Today gold coins are struck for collectors and investors, and are sold as investments with a value based on whatever the current price of gold is when they're purchased.

Until the beginning half of the 1900 there was a link to the value of the paper money you were issued in that it could be exchanged for GOLD. Say you had a $20 American Bank note this could be exchanged for $20 in gold. The World problems started when the US left the Breton Wood system and went away from the Gold Standard and freely started printing money with no backing. The reason today the Swiss currency is stronger than most is because they control what they print and have a large amount of gold to back the currency. If Germany was not in the EU them the D.Mark would be close to the Swiss Franc. Always interested in further views. See related links for a few beautiful gold coins.

It depends on the currency. Current US coins are limited to $1 so the number of coins to reach $19.95 will be 24. Nineteen $1 coins, three quarters and two dimes. In times gone by, US currency included $10 and $5 coins so the number was once lower than the current 24 coins. UK currency has a £2 coin so £19.95 will require 14 coins. Nine £2 coins, one £1 coin, one 50 pence, two 20 pence coins and a 5 pence coin.

Unless the gold coins are solid gold and the silver coins are solid silver, it is probably worth less than the purchase price.

Banks will happily buy gold coins for their face value - since this is nearly always far less than they are actually worth. If you wish to sell your coins for their actual value, take them to a reputable goldsmith.

Yes, the U.S. gold dollar coins produced between 1849 and 1889 were 90% pure gold. They are the smallest coins ever minted by the U.S. government (significantly smaller than a dime). They sell for about $100, today. The "presidential dollar" coins and other US dollar coins made since 1932 are mostly copper with a brass cladding. They contain no gold, at all.