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Gold Coins Collecting

Updated on January 1, 2021

Gold Coins History

Gold has been known since antiquity, and certainly is one of the first metals worked by the man. It is known that in Sumer, Egypt there are Egyptian hieroglyphics about 2600 BC that describes the metal, which is also mentioned in several passages in the Old Testament. Gold is considered one of the most precious metals, and its value was used as the standard for many currencies throughout history.

Gold and silver were an integral part of business and commerce as far back as the early civilizations of Sumer (the land between the Tigris and Euphrates rivers in what is now Iraq) and Egypt.

To the Romans, gold coins became the primary way to pay his legions.

Practically all the gold mined during the 19th century was turned into coins. Sovereigns in Britain and Australia, Eagles in the United States, in Germany Marks, Roubles in Russia, in Austria Crowns, Guilders in Hungary and Napoleon in France accounted for over 13.000 tonnes (418 million troy ounces) in the classical period of the gold standard prior to World War I. But When the World Went to war in 1914, started to governance must husband Their gold, the minting of gold coinage and coins largely stopped Were Often called in. Sovereigns in Britain and Australia, Eagles, the United States, marks in Germany, Russian Roubles, Crowns, Austria, Guilders Hungary and France of Napoleon represented more than 13,000 tons (418 million troy ounces) in the period classical gold standard before World War I. But when the world went to war in 1914, governments began to husband of gold, minting coins and gold coins were not nearly often called in

In 1933 During the Great Depression, the U.S. Recalled all gold and gold coins from Their Citizens. In 1933, during the Great Depression, the U.S. recalled all gold coins and gold from its citizens. After That, the era of almost universal gold coinage Was over. After that was some gold coins just universal.

The first Portuguese gold coin was the morabitino,which worth 180 pence.

Portugal produced gold coins denominated in reis, cruzados, escudos, dobra, e PECA.

The gold coins are very beautiful and are an excellent collection although it is very expensive. It can however be considered a good investment.

 

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    • CJamesIII profile image

      CJamesIII 

      9 years ago from Minneapolis, MN

      Great hub! Gold coins are definitely where it's at right now, actually they are always a good investment!

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