Gold coin collecting has a long history dating back to when coins were first issued for trade. It became a hobby in the Middle Ages when people appreciated the artwork and historical value on coins. Today, coin collecting remains a popular hobby. One of the most expensive collections one can have are gold coins, with the most expensive single gold coin ever sold being worth around $8 million. Gold coins were one of the earliest forms of currency and circulated in the US until 1933, making them rare to find today. As gold is no longer used as currency, coin collectors keep rare gold coins to remember their historical use as money.

1. Gold Coin Collecting
Coincollectingissomethingthatdatesbackto the whencoinswere firstissuedfortrade.Itwasonlyin
the Middle Agesthatpeople turnedthisintoahobbybecause of the art workand the historical value.
Coincollectingtodayisstill ahobbythatmany people enjoy.One of the mostpreciousandmost
expensive collectionsthatanyone caneverhave are those of goldcoins.The most expensivegoldcoin
everboughtwasworth aroundeightmilliondollars.This wasthe American1933 GoldEagle.Thisis why
the collectingof goldcoinsdeservestobe calledthe hobbyof kings. https://bit.ly/3k56iv9
Goldcoinswere one of the oldestformsof money.Thiswaslaterfollowedbysilvercoins.Goldcoins
were incirculationinthe UnitedStatesfrom1838 to 1933. The designwasthe LibertyHeadbustbut
thiswas onlymade until 1907. The designwasthenchangedto the IndianHeadand SaintGaudens
motifsandwas useduntil 1933 whenthe Great Depressionbegan.Thispromptedthe recall of goldcoins
whichmakesthemverydifficulttofindtoday. https://bit.ly/3k56iv9
Since these are nolongerincirculation,the price forone of thisrare commodityisquite high.Goldis
nowusedfor otherthingssuchas jewelryorbarsthat people retainasan investment.
SouthAfricaminteditsfirstgoldcoincalledthe Krugerrandin1967. Thiscoin has noface value but
merelystandsasa symbol.Itis made of 1 ounce of goldandcan be purchasedforinvestmentpurposes.
Since thenothercountriesalsomintedbullioncoins.Canadamade the GoldMaple Leaf in1979 and
Australiamade the Nuggetin1981. These twoare much more popularthanthe SouthAfricancoin
because of its24 carat purity. https://bit.ly/3k56iv9
A lotof people retaingoldtodayasaninvestmentbecausetheyspeculate thatthe demandwillcause its
marketvalue toincrease.Othersholditas a formof insurance shouldthe financial situationbecome
worse.There wasa pointintime whenthe more papermoneythat was made,the higherthe price of
goldwhichmaintainedgoldandcashas equal value.Afterthisstandardendedin1971, thisenabled
governmenttoproduce more papercurrencywithoutincreasingthe price of gold.
Since goldcoinscan longerbe usedto purchase merchandise mostcoincollectorsjustkeepthemto
rememberthatpeople once usedthem.
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