People in the older times do not use any form of currency to buy things they need. They just trade their goods at the market place and exchange things they have for things they want or need. As time pass, people began to learn the value of currency. They started to use money as instrument to purchase goods and services. Because gold has always been considered a valuable commodity, they minted gold coins as their first currency.
Condition: Coin collectors call this ‘grade’ and it makes a lot of difference to the price. A coin in a condition near to when it was first minted is always the target for coin collectors. Heavily worn coins are usually worthless unless very rare.
As do Maple Leafs, Perth Mint .9999 fine gold coins have milled edges and carry a likeness of Queen Elizabeth II on the obverse (front). However, to protect its coins from damage, The Perth Mint encapsulates them in plastic capsules. When Perth Mint bullion coins are removed from their capsules and put in tubes, the coins are susceptible to scratching as are Maple Leafs.
I have written other articles on ways to fund your rare American coin habit. Refer to those for creative ways to purchase the coin design you need. There are lots of great coins that sell for under $50, but those tend to be common issues.
Clad coins are, of course, the easiest to clean. Even if you goof up they are still spendable, so no foul no harm; or is it no harm no foul. In any event, it is fool proof. It’s up to you to determine if you think the coin is worth more or not.
You need to understand that the value of the coin is dependent on the current market “spot price” and the premium for each coin. The spot price of gold is widely available in major newspapers or business websites.
Collecting world coins requires a great deal of research on the subject. You can find coin collecting books and guides that will help you get started. There are a great number of world coins that are available for purchase. Pennies from each country are widely circulated. These may be of value to someone who wants to get as many world pennies as they can, but a someone serious about collecting world coins may not want to waste their time with pennies. Don’t get me wrong, there are pennies that are worth more money than others. Most investors with an interest in foreign pennies usually are interested in them for more than just monetary value.
It is wise to invest in Gold Eagle Coins. The United States government backs its value and gold content. If you wish to find out about these coins, there are many forums and websites online that can help you make an informed buying decision.