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South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes. Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.
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Why not buy from a very well respected store to make the whole process easier? (As an aside, buying gold is really easy and there is no reason to be intimidated at all.) Now, let's say you have bought gold at least one time before. You're a more seasoned gold investor. Then, it's time to consider buying gold and silver investments on Ebay. Ebay offers a goldmine of opportunity if you are patient and know what you're doing. It's time to make some great investments in gold and silver coins, bars, and bullion.
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In general, gold becomes more desirable in times of bank failures. When dollars were fully convertible into gold, both were regarded as money. However, most people preferred to carry around paper banknotes rather than the somewhat heavier and less divisible gold coins. If people feared their bank would fail, a bank run might have been the result. This is what happened in the USA during the Great Depression of the 1930s, leading President Roosevelt to impose a national emergency and to outlaw the holding of gold by US citizens then known as Executive Order 6102 which has since been ended.
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Any highly experienced coin authenticator will tell you that they often can't tell you why a given specimen is fake, (short of doing a full objective analysis, as explained below.) All they can say is that it doesn't "look right." Learn what the genuine silver coin looks like, and when you get that little red flag waving in your head that something looks wrong, even if you can't put your finger on exactly what is wrong, trust your senses and don't buy the coin!
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The Latest gold bullion bars coins News
NGC Announces New Services and Division for Ancient Coins
Thu, 06 Nov 2008 15:47:35 +0000
Numismatic Guaranty Corporation (NGC) announced on Wednesday the creation of a new division and a series of services for attributing and grading ancient coins that will kick-off on January 1, 2009.
David Vagi, author of Coinage and History of the Roman Empire, will lead the division entitled NGC Ancients, which NGC says will certify ...]
Gold down 1 pct on weak equities,physical demand helps - Reuters South Africa
Fri, 07 Nov 2008 05:54:13 GMT
Gold down 1 pct on weak equities,physical demand helps Reuters South Africa, South Africa - They might be accumulating (gold) slowly," said William Kwan, bullion director of Gold Capital Management. "A lot of people are still buying gold coins. ... |
3. Name the man who succeeded Harry Clements as Director of the Bureau of Engraving and Printing
posted by Coin And Paper Money | 7:36 AM
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