About Gold Coins

Kamis, 16 Juli 2009 | | 0 komentar |

Gold Coins is entirely or mostly made of Gold. The use of Gold as a means of exchange has been done in humans before the paper money, this is because the intrinsic value of Gold.

The first Gold Coins in history were coined by Egyptian Pharaohs around 2.700 BC. Several centuries later, there is a king of the rich, who came from Lydia (560-564 BC) to the making of Gold Coins with setandar certain agreements that have as media / tool exchange of goods and services.

Gold Coins very long time used as a sale and purchase transactions. In the year 1933, most of the world stopped making Gold Coins. In the United States, 1933's Executive Order 6102 forbade the hoarding of gold and was followed by a devaluation of the dollar relative to Gold, although the United States did not completely uncouple the dollar from the value of gold until 1971.

Gold-colored coins have made a comeback in many currencies. However, "GoldCoins" (in numismatic terminology) always refers to a coin that is (more or less) made of (real) gold, and does not include coins made of manganese brass or other alloys. Furthermore, many countries continue to make legal tender gold coins, but these are primarily meant for collectors and investment purposes and are not meant for circulation.