English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

Does anyone know any countries that still mint golden coins and put them into circulation? Let me know asap.!

2007-04-29 04:34:14 · 4 answers · asked by monkey d 2 in Games & Recreation Hobbies & Crafts

4 answers

As for now, no gold coins actually circulate. They are issued as a commemorative to sell at a value much higher than the gold content, or as a bullion coins which is sold a little over the spot price of gold. Some of the gold bullion coins are a better buy than others. Myself, I leave all the modern gold alone and go for the older collector coins. They are a better investment in my opinion but the key is they have history.

2007-04-29 05:48:23 · answer #1 · answered by Taiping 7 · 0 0

I doubt there are any. Due to the Fluctuation of Gold Prices you can not maintain an equilibrium it the price of the coin.
Most countries just use a simple paper or coin and place a specific value on it.
Now, many do produce Gold Collector Coins. They normally sell slightly higher than the market value of the gold, but, in time can be worth more from a collector stand point than the Gold Prices of that time.
Example; My Uncle collects coins. He has a $10 Gold Coin that was actually used in America many years ago. Today that coin is worth more as a collector coin than what it would sell for in Market Weight of Gold.

2007-04-29 04:46:36 · answer #2 · answered by Snaglefritz 7 · 0 0

There at the instant are not any countries left that have fairly circulating gold funds. In many of the international, the final circulating gold funds have been withdrawn interior the mid-Thirties. many countries nonetheless manufacture gold funds, yet they are meant for the collector or bullion markets. as an occasion, the U. S. and Canada the two strike a one troy ounce gold coin with a face fee of $50. basically a fool might fairly spend one for face fee, simply by fact the cost of the gold is plenty extra.

2016-12-10 14:33:29 · answer #3 · answered by ? 4 · 0 0

Alphabetical List of Countries with gold coins.
In circulation.

http://www.taxfreegold.co.uk/countries.html

2007-04-29 06:59:02 · answer #4 · answered by Anonymous · 0 0

fedest.com, questions and answers