Gold Coins in San Diego

Gold has a long history of being a monetary metal and store of value. Archeologists have found evidence that gold coins were first struck on the order of King Croesus of Lydia – a part of present day Turkey, around 550 BC. The lumps of metal were known as “electrum.”

Every major mint produces their own gold bullion coins and are extremely popular for investors who want to hold physical metal. While only government mints can produce gold coins with a monetary face value; however, the face value is well below a coin’s intrinsic value. Along with government mints there are a variety of private mints that produce similar products referred to as gold rounds.

Of all government mints only the South African’s Krugerrand gold coin does not have a face value and its value is completely based on the global gold price.

Here are the top five gold coins currently available.

• South African Krugerrand
• American Eagle
• Canadian Maple Leaf
• Vienna Philharmonic Coins
• British Britannia Coin

It can be difficult to predict the next major rally in gold as it is strongly driven by sentiment. Gold does well in period of high uncertainty, a shifting inflationary environment and during periods of currency debasement; however, historically, there have been high and low seasonal period in the gold market. Historically, September is gold’s strongest month. Many western jeweler start to build their gold inventories during this time to prepare for the holiday season. The next strongest month is January, which traditionally sees strong buying among Eastern nations ahead of the Lunar New Year. The worst month has historically been March, April and then June.

The main difference between a gold “coin” and a gold “round” lies in their production and legal status. Gold coins are typically minted by government mints and carry a face value backed by the issuing authority. They often feature intricate designs and are recognized as legal tender. On the other hand, gold rounds are produced by private mints and do not carry a face value. They are usually simpler in design and are valued based solely on their gold content and purity.