Two types of Gold Coins

The Categories

Numismatic gold coins and gold bullion coins are two of the most important classes of gold coins. Gold bullion coins are not collectable, so they are used only because of their metal value. The bullion coins are the most popular coins in the US, but there are more such bullion coins around the world.

The Gold Bullion Industry in the United States

The Gold American Eagle is the most famous gold bullion coin in the US and the producers sell millions of copies every year. In 2006, another gold bullion coin appeared on the market; it was called the American Buffalo. The purity of the gold used and the design of this coin make it different from the one minted in 1986. Regarding the production of gold bullion, there are also other countries that produce them: South Africa’s Krugerrand is the most important one to mention. Produced before the appearance of the ones in America, it was very famous among the other gold bullion until the American eagle appeared. Around the year 1970, a new gold bullion coin appeared: the Gold Canadian Maple Leaf. Other such bullion appeared on the market in countries like Australia or Austria, called the Kangaroo and the Vienna Philharmonic respectively, while in China the Government called it the Chinese Panda. The gold coins minted until 1933 and starting with the year 1795 are mostly coins belonging to the United States; they are considered a special feature of the American nation. The coins minted in this period that survived the passing of time are of real interest for both collectors and investors.

The Industry of Numismatics in the United States

Gold coins are a very profitable and are considered a safe haven, especially for those who can afford to buy them. As they have a special design, they have always been an attraction for art and history lovers. Nowadays, these coins with their amazing histories are a very interesting subject matter all over the world. At the end of 1933, the President of the United States, Franklin D. Roosevelt, gave the order to stop the minting of this type of coin and confiscated all gold bullion. The President ordered these coins to be melted, so this is how they became so rare and, at the same time, an attraction for coin collectors.