The History of Gold Coins and Understanding Gold Coin Values
According to history, King Croesus of Lydia was the one who introduced gold coins around 643-630 B.C. A pale yellow mixture of gold and silver called the electrum was a natural resource in Lydia. As people did not know how to separate these two metals, the first gold coins were a mixture of gold and silver.
In 560 B.C., the Lydians found out a way to separate gold from silver. At last, real gold coins were produced along with silver coins, although gold was considered to be more precious than silver. In 546 B.C., the Lydians captured Persian army and when the Persians walked around the Lydian kingdom, they were astonished with the gold coins. The Persians started learning to mint gold coins and after some time they used them for trading.
 New Orleans Saints Champions Super Bowl Ticket & Gold Coins Collectible Frame US $199.95 
|
 10 X 2011 QE2 1OZ GOLD BRITANNIA BU COINS US $20,595.00
|
 2 X 2011 QE2 1OZ GOLD BRITANNIA BU COINS US $4,325.00
|
 5 X 2011 QE2 1OZ GOLD BRITANNIA BU COINS US $10,595.00
|
In the past, one of the most progressive nations in the world was Persia and they popularized the used of gold coins around the world. As a result, gold coins became an important currency for commerce. Many nations used them for trading and for some people, collecting gold coins became a way to accumulate wealth.
After many centuries, gold coins were stopped being used as a currency in 1933 because most countries considered them too expensive. There are some gold colored coins today, but they do not contain any gold.
How to determine gold coin values
As gold coins are not circulated anymore, they become valuable. Many collectors are chasing them to add their collections and to gain profits from them. If you want to gain profits, it is essential for you to understand factors that affect gold coin values as discussed in this section.
The first factor is age where the older the coin, the higher its value. These coins are antique artifacts and their age can reach centuries old. Some tests can be done to check the coin's authenticity and age if you want to determine gold coin values based on this factor.
The second factor is condition. Weathered coins will have lower values than good condition coins. There are some qualities that collectors look for to determine gold coin quality, such as the sharpness of the relief, the text, and the edges. Normally it is more difficult to sell weathered coins than coins that are in a relatively good condition.
The last factor is its rarity. When a gold coin is extremely rare, its value will skyrocket. In general, there are two factors that affect rarity. The first is the number created and the second is the number of coins that has been lost, damaged, or destroyed. There is a rare double eagle $20 gold coin minted in 1933. It was worth more than $7 million in an auction.
Recent searches for Gold Coins
ESTATE LOT OF SILVER / GOLD / CURRENCY / MINT & PROOF SETS / PCGS NGC / COINS, FISHER F4 COINS GOLD METAL DETECTOR W/PINPOINTER & MORE, 1995-W GOLD EAGLE 4-COINS SET NGC PR70 PF70 PF-70 PROOF , 5)--2006 W 1 OUNCE PROOF $50 BUFFALO GOLD COINS EACH WITH US MINT BOX AND COA, LOT OF 100 - 2011 SOUTH AFRICA GOLD KRUGERRAND COPY COINS - GEM PROOF SA, NEW 2012 FISHER 1270 TARGET DEPTH METAL GOLD NUGGETS COINS TREASURE DETECTOR, First Strike Spouse Pierce Lincoln Washington .9999 Fine Gold Proof Coins PCGS, LOT OF 2 - 2006-W 1/10 0Z GOLD $5 EAGLES, NGC CERTIFIED MS-70 ( FLAWLESS COINS), 1909 VDB-S? 1909 VDB-S? OLD ESTATE PENNY ROLL POSSIBLE GOLD MINE VERY OLD COINS, New York Giants Super Bowl XLVI Champions Banner Photo Mint w/ Two Gold Coins, Lot X38 2012 Topps UNUSED GOLDEN GIVEAWAY CODES Series 1 Cards Coins Gold 1/1's?, ★ LOT OF 100 ★ 1849 $20 LIBERTY DOUBLE EAGLE ★ GOLD TWENTY DOLLAR COPY COINS ★, Columbus Quincentenary Coins - 1992 US Mint 3 Coin Set (Gold $5,Silver $1 & .50), LOT 25 ★ 1902 RUSSIAN RUSSIA CZAR NICHOLAS II 37.5 RUBLES GOLD ★ COPY GEM COINS, 2008-W PCGS PR70DCAM .999 GOLD BUFFALO SET 4 COINS, Large Collection of coins, stamps, gold, silver, jewelry, and whatever else...., ** NICE COINS*** Various World Coins Gold and Silver, ESTATE SALE GOLD SILVER COINS ART BAR SAPPHIRES RUBIES, LOT 50 ★ 1902 RUSSIAN RUSSIA CZAR NICHOLAS II 37.5 RUBLES GOLD ★ COPY GEM COINS, Silver The New Gold 6 LOTS 1/2 LB US SILVER JUNK COINS , Elvis 30th Anniversary TV Special Framed with Gold Select Coins, LOT 100 ★ 1902 RUSSIAN RUSSIA CZAR NICHOLAS II 37.5 RUBLES GOLD ★ COPY GEM COINS, ★ LOT OF 25 ★ 1849 $20 LIBERTY DOUBLE EAGLE ★ GOLD TWENTY DOLLAR COPY COINS ★, FISHER F2 COINS GOLD METAL DETECTOR | SPECIAL OFFER, LOT OF 100 - 2012 SOUTH AFRICA GOLD KRUGERRAND COPY COINS - GEM PROOF SA, WHOLESALE LOT - 1000 SHINY GOLD PIRATE COINS METAL TREASURE DOUBLOONS ATOCHA, $585 40" CALGARO GOLD PLATED SILVER COINS Necklace AF417GCBRR NEW IN BLACK BOX, QEII Gold Sovereign Portrait Set ( 4 Coins ), ★ LOT OF 250 ★ SHINY GOLD TOY PIRATE TREASURE COINS ★ ATOCHA DOUBLOONS, 5 - GOLD 1 oz. 2012 American Eagle Coins - In Stock, 2 - GOLD 1 oz. 2012 American Eagle Coins - In Stock, ★ LOT OF 1,000 ★ SHINY GOLD TOY PIRATE TREASURE COINS ★ ATOCHA DOUBLOONS, Rare 12 Chinese Paper-cut Tiger silver&gold coins set, Complete set of 12 Chinese Zodiac 24K Gold & Silver Coins, NY Giants Super Bowl XLVI - 46 MVP Eli Manning Photo Mint w/ Two 24KT Gold Coins, WHOLESALE 10,000 - SHINY GOLD TOY PIRATE TREASURE COINS DOUBLOONS LOWEST PRICE!!, Buyers Of Bullion .Com Premium Domain Name For Sale - Gold Coins Eagles Maples, LOT OF 25 - 1967 SOUTH AFRICA GOLD KRUGERRAND COPY COINS - GEM PROOF SA, IRAN - 1330/1342/1345 - 3 x 1/2 PAHLAVI GOLD COINS. KEY DATE !!! RARE !!!, 1986 CHINA GOLD PANDA COINS - 1oz. pure .999,
