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Types of Gold Coins – A Guide

Blog Oct 31, 2011

Collecting different types of gold coins is a special hobby and there are various types of Gold Coins available for investors and collectors alike.

Popular Types of Gold Coins

Some of the most popular types of gold coins are:

American Gold Eagle: The American Gold Eagle is mined in America, by law, and consists of a copper-silver alloy that reduces wear and tear of the coin. The American Gold Eagle is the USA’s official gold bullion coin. The coin features a torch-carrying Lady Liberty on one side of the coin. The Gold Eagles come in denominations of $5, $10, $25 and $50.

South Africa Krugerrand: Manufactured by the South African Mint, the Krugerrand is made of a durable gold alloy. One side of the Krugerrand shows Paul Kruger, the former South African President, while the other side has a Springbok.

Chevronets: Russia introduced gold Chevronets in 1701, which was replaced by the Ruble in 1757. After the Russian Revolution ended, the authorities re-introduced the Chevronet to offset the devaluing of the Ruble, but production ceased once again after 1925. During the 1980 Moscow Olympics, hundreds of 1925 Chevronets were re-minted to commemorate the event.

Brittania: Manufactured in the UK, this type of gold coins was made of 22 carat and 91.7% gold mixed with either copper or silver. Brittania is the official coin of the British gold bullion. Brittanias come in denominations of £10, £25 and £50, which weigh 1/10, 1/4 and 1/2 ounce of troy gold, respectively.

Gold Panda: The Chinese Gold Panda features the Temple of Heaven on one side and is made of 99.9% of gold. The Chinese government had put a freeze on the Panda design in 2002, but later rescinded the decision after requests from collectors.

Islamic Gold Dinar: The Dinar officially came into use during September 2006 in the Kelantan State in Malaysia. These Gold Dinars have been used for savings, paying dowries according to Islamic Law, buying merchandise, and making and receiving payments.

Gold Maple Leaf: This type of gold coin is produced by the Royal Canadian Mint out of the gold mined only in Canada and comprises 99.9% gold. This gold coin is also available in a deluxe version, apart from the usual size. In 2007, a Gold Maple Leaf weighing 100kg, 3cm thick and 55cm wide, and having a value of one million dollars, was put on the market and is certainly one of the largest gold coins.

 

 

Thumbnail Photo We believe that everyone deserves a properly developed strategy for financial safety.

Lynette Zang

Chief Market Analyst, ITM Trading

Sources & References In This Article

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