Remember Me
forgot your password?

Coins Minted In Gold, Silver And Platinum As Investments In Metal

Coin collecting goes back over many centuries. It is man's inborn nature to collect something. And coins are one of the most popular collectable objects. The collection of coins, whether by professionals or amateurs, is called Numismatics. This article is a list with the most popular coins made from precious metals. People always collect coins, especially ones which are minted from precious metals like gold, silver and in later years from platinum. The early technology of coin-making was very primitive for many centuries. And many sorts of coins had very varied shapes.

It is well known that the first coins were minted in Lydia (this kingdom was placed in the south western part of modern day Turkey) in about 560 BC. And those coins were made of gold. The first silver coins were coined in Greece, in the state city of Argos in about 700 BC.

The first platinum coins were coined in Russia in 1828. There were 3, 6, and 12 ruble coins. The minting of Russian platinum coins was stopped in 1844. Platinum coins were never used as widely as gold coins and silver ones. Some other countries minted coins made from platinum, but they were commemorative coins for collectors, not intended for daily use.

Every country has minted gold and/or silver coins. There was a long period when people used gold and silver coins as an instrument of payment in their daily lives. But from 1933 year making gold coins was almost stopped for daily use in all countries of the world. Many countries still mint coins from precious metals, but their minting is for commemorative coins that are not made for daily shopping, such as in supermarkets. This is because the precious metals scrap price of the precious metal present in most of these coins now is higher than their face value as legal tender coins. Precious metal refiners such as http://www.goldscrap.co.uk/ will accept all types of Gold, Silver and Platinum bullion coins and scrap metals, paying the highest rates for your investment bullion and coins.

There are almost as many reasons for collecting coins as there are people collecting them. First of all, gold, platinum, silver and other precious metals has always been one of the best ways for keeping and increasing your savings. This means gold, platinum and silver coin collections are a good idea for your investments. Really, sometimes your coin investments can increase in value from 25% to 100% per year. What Bank can offer you so large a yearly income? Of course, you are unable to get any cash until you sell your coins. Investment in gold coins, platinum coins and silver coins is not generally subject to reducing prices. Make sure, you chose a coin dealer that has a good reputation before you start to invest your money in any coins. Conduct research on how long a dealer has been in this business. Never purchase coins from an unknown dealer, if you cannot check his/her business reputation. Because there are a lot of swindlers trying to sell fake coins these days. So, be careful every time when you buy coins from new sellers.

Three main factors determine the value of coins - condition, rarity and age. The value of commemorative gold, silver and platinum coins is always more than their face value. And prices are growing quickly on many commemorative coins and coins bearing certain dates. In some cases, the price can increase by up to 200% in just one year! Also it is a very interesting hobby to collect coins. Every coin is a piece of the human history, and you can touch this history your own hand.

G Smith
Precious metal refiners allow you to sell Gold Coins ,investment bullion and Gold, Silver or Platinum scrap jewellery for the highest metal prices. Easily sell Gold Scrap as well as Silver and Platinum precious metals scrap in the UK at http://www.goldscrap.co.uk/sell-gold-bullion-bars.php
Rate this Article: 3 / 5 stars - 1 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest Finance Articles
  • More from G Smith

Debt Relief Financially Attractive Through Stimulus Money

By: Marlon Jackson | 13/11/2009
Stimulus money granted by the government to big company owners and corporations, though indirectly, can help with debt relief solutions. Because of this government funding, the credit card companies now have more leniency in accommodating payments from their debtors. Because of this, debt settlement is now becoming one of the best options to start dealing with those mounting credit card loans.. . .

Personal Bankruptcy

By: Adam Diver | 13/11/2009
Bankruptcy has developed into an almost common-place name nowadays, occuring in the media and in your life in a number of other, more private, way since the global financial system crashed in the fall of 2008. Despite it being a single word, it has many interpretations, regularly referring totype of Bankruptcy filed. Bankruptcy itself is defined as the legal procedure dealing with debt problems of an individual or a company. Bankruptcy refers, specifically, to the filing of Chapter 11 Bankrupt

Why Sell Gold Today

By: Lawrence Reaves | 13/11/2009
Gold is a precious metal which has been sought after by men (and women) for at least 5,000 years but there is also a sting in the tail for this most sought after metal - it is extremely rare. This has led to gold becoming one of the most valuable...

5-Step Process to Financial Freedom Through Real Estate Investing

By: Lance Edwards | 12/11/2009
You have learned how to create a real estate business. But at the same time, you want to create your net worth. The steps to getting this done are a 5-step process. Not only can you apply this process to your business, but you can apply it to your personal life.

How to Trade Futures with CFD'S

By: Scot Johns | 12/11/2009
Futures trading involves folk making contracts where the payments for the commodity concerned are to be made in the future at a specific time. Typically, the buyer and seller know the cost of the asset and both agree when the exchange is to be done. Futures trading with CFDs is where the purchaser does not need to completely buy and own the commodity. This way, you don't have any rights over the shares or commodities for which you trade. Contracts for difference or CFD tradin...

How to Spot a Good Credit Card Deal

By: Mervin Hester | 12/11/2009
You must have heard people say – ‘I got a good credit card deal’. So if you happen to be looking for a credit card at that moment, do you just go with what your friend has told you as a good credit card deal?

Credit Cards: The Money of the Future

By: Mervin Hester | 12/11/2009
"We accept credit cards" is a statement that you must have come across multiple times at various shops, grocery stores and other merchant outlets. This statement is generally accompanied by a few stickers (Visa/Master card etc). Credit cards have transformed the businesses and our lives to a great extent.

Credit Cards for Students

By: Mervin Hester | 12/11/2009
For students, the student credit cards are the best way to enter the fascinating world of credit cards. Student credit cards help the students in taking advantage of the various benefits associated with credit cards in general e.g. convenience, safety, rebates etc., much earlier in their life. Moreover

Great Yarmouth Sea Front and Norfolk Broads Nature Attractions

By: G Smith | 05/09/2008 | Travel
In the Norfolk area near Great Yarmouth you will find many nature parks and atractions based around nature, especially on the Norfolk Broads riverways. Fritton Lake Park near Yarmouth is an excellent example, you can hire a pedal or rowing boat for a spectacular tour of the lake that is...

Lose Pregnancy Weight Fast and Safely With Fat Binders and Exercise

By: G Smith | 04/09/2008 | Health
After pregnancy mostly women start to concentrate on child care. The first natural thought that comes into their mind is the health of child, which is understandable. But the second thing comes to mind is losing the excess weight you have gained during pregnancy. Women can feel depressed when they see celebrities...

Surveillance CCTV Camera Devices Help Keep Us All Safe

By: G Smith | 13/02/2008 | Computers
Most of us visit places like airports, subways and shopping malls but fail to recognize a tiny gadget that is hidden in a corner monitoring our activities. These gadgets are various types of surveillance equipment, and nowadays they are literally everywhere. The purpose of this abundance of surveillance equipment is...

Coins Minted In Gold, Silver And Platinum As Investments In Metal

By: G Smith | 06/02/2008 | Finance
Coin collecting goes back over many centuries. It is man's inborn nature to collect something. And coins are one of the most popular collectable objects. The collection of coins, whether by professionals or amateurs, is called Numismatics. This article is a list with the most popular coins made from precious...

Balearic Island Ibiza Tourist Attractions

By: G Smith | 11/01/2008 | Travel
Spain's Balearic Islands are one of the main attractions in the Mediterranean. One of Balearics most popular islands is Ibiza due to the amazing night life it provides for its visitors. There are many night clubs located throughout the island which could explain for the high amount of young adults...

Is Myspace The Hottest Social Network?

By: G Smith | 06/12/2006 | Communication
MySpace is currently considered one of the nets most remarkable success stories. MySpace is the most popular stop for internet users that have lots of time on their hands to surf and socialize.

Traditional Wood Box Sash Windows

By: G Smith | 22/06/2006 | Advertising
Box sash windows are extremely popular in old and new houses in the UK and the United States. Originally sash windows were fitted to Victorian and Georgian properties.

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.28, 1, w1)