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While obsolete gold coins are primarily collected for their numismatic value, gold bullion coins today derive their value from the metal (gold) content - and as such are viewed by some investors as a "hedge" against inflation or a store of value. South Africa introduced the Krugerrand in 1967 to cater to this market; this was the reason for its convenient and memorable gold content�exactly one troy ounce. It was the first modern, low premium (i.e. priced only slightly above the bullion value of the gold) bullion gold coin. Bullion coins are also produced in fractions of an ounce � typically half ounce, quarter ounce, and one-tenth ounce. Bullion coins do not carry a meaningful face value, as their value is mainly dictated by their troy weight and the current market price of the precious metal. (If a face value is minted on the coin, it is done for legal or other reasons and it is nearly always significantly less than the actual value of the coin.) Gold has an international currency code of XAU under ISO 4217.
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Collectors have a wide range of areas from which to add to their collections. Ancient coins represent the utmost in historical value, and can include the silver coinage of ancient Athens, the numismatic world of Alexander the Great, and portrait coinage featuring the famous and infamous of the Roman Empire. Collectors who are fascinated with history can widen their horizons by adding examples from the Byzantine Empire and medieval Europe, the fascinating monarchs of Renaissance England, and the myriad German and central European states which have long ceased to exist.
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Banknote enthusiasts enjoy individualist status; the hobby is regarded as intriguingly different. It has a certain prestige attached to it; people tend to assume that a banknote collector must be well-off - but this is often not the because many attractive banknotes can be obtained for well under 50p each. The hobby has a refreshing dignity to it; the banknote collecting fraternity is generally an honest, friendly community, with a genial camaraderie born of a common interest.
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Whether you are buying or selling coins, you can increase your advantage when dealing with coin dealers by understanding how things work behind the scenes. One of the biggest problems I see, as an observer of the coin collecting marketplace, is the wide gulf between what the average consumer expects from a coin dealer, and what the average coin dealer believes he should provide to the consumer. The majority of these differences boil down to trust. The average consumer thinks he can trust the coin dealer to give him an honest appraisal and pay a fair price for the coins he is selling. The average dealer feels it is right to pay the lowest price he can for the coins, to maximize his profit, and that it is up to the consumer to do his homework.
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An old practice to test whether a gold coin was counterfeit was to bite down on it. Since pure gold is relatively soft any base metals mixed with the gold to lessen its value will also harden the coin, and so make it harder to bite on. The majority of bullion counterfeits (of all types) are rare, and fairly easy to detect when comparing their weights, colors and sizes to authentic pieces. This is because the cost of reproducing any given coin precisely can easily exceed the market value of the originals.
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silver dollars for sale News From Around The World

Royal Australian Mint Shoots for the Stars with Astronomy Coins

Mon, 10 Nov 2008 02:35:59 +0000
Alongside telescopes looking up into the night sky, the Royal Australian Mint launched its newest collectible coins at a unique event on Friday, 7 November 2008.
The Mint joined with the Canberra Astronomical Society to create a night of star-gazing in celebration of the 2009 year set theme which commemorates the International Year of Astronomy (IYA). ...]

In the Spotlight: The Arlington Collection 1854-S $20 Liberty Head Gold Double Eagle

Sun, 08 Apr 2007 18:47:00 +0000

2. What is a broken bank note?


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