Gold Coins - Gold 101

Gold coins have been used as a monetary unit since the time of the Pharaohs in Egypt. These early coins were more of a gift than a means of commerce, however. It was later during the time of King Croesus that gold coins became a means of payment among the general populous.

Gold coins continued to be a common and popular form of money until the 20th century. By 1933, many countries had stopped making their money from gold and instead switched to something known as the gold standard. The change was a result of the economic crisis that resulted from the Great Depression.

The gold standard was a system that used paper money as an exchange for the gold coins of the past. Gold was held in pre-set, fixed amounts as an equivalent to the paper money that was in general circulation.

Gold coins remain popular collector items. Extremely rare coins can fetch a great deal of money. A rare coin from 1804 that was a gift to President Andrew Jackson sold to anonymous collector for $5 million.

Bullion gold coins are often collected today as a store of value for investors. Their value is based on their weight. The weight of a bullion gold coin is measured in troy ounces. The best known of these coins is probably South Africa’s Krugerrand, which was first available in 1967. It was exactly one troy ounce and offered the first modern bullion gold coin. Gold bullion coins can also be made in smaller weights. Typical sizes are half ounce, quarter ounce, and one-tenth ounce sizes. While some bullion coins may have a value minted on them, their price is most often determined by their weight and the current market price of gold.

Countries all over the world have their own gold bullion coins. Many are named for the details depicted on the coin. Popular coins include the Canadian Maple Leaf gold coin, the American Gold Eagle, the Mexican Gold Libertad, the Austrian Philharmonic, the British Britannia, the Chinese Panda, the Gold Dinar, the Russian Chervonet, and the Swiss Vreneli.

Learn More:

Next: ChipGold

Sell Gold Coins at BrokenGold™! It's easy, just put your gold in the prepaid envelope and send it to us. You will receive a check 24 hours after we receive your gold. It is that easy! We have gained an excellent reputation on the web and have an ever-growing list of satisfied customers. If you have questions take a look at our Frequently Asked Questions page.

Back to the Gold 101

Gold was first discovered thousands of years ago in its natural state, in streams, which lead to mining all over the world. Its brilliance, natural beauty, great malleability and resistance to tarnish made it enjoyable to work with. Gold gave rise to the concept of money itself. Today gold is used for jewelry fabrication, industrial application, and medical uses, by governments and central banks and by private investors.

Sell Your Jewelry today; recieve cash tomorrow!

Sell scrap gold, silver and have more cash for gold jewelry.

To get started selling gold, fill out the form below.
First Name*:
Last Name*:
Zip Code*:
Phone Number:
Email Address*:
How did you hear about us?:
I certify that I am a U.S. resident over the age of 21,
and I agree to the privacy policy.

A Secure Way to Sell Gold
Gemological Institute of America Member       International Precious Metals Institute Member        American Red Cross             
Broken Gold has been in the scrap gold buying business for over 20 years.
We are a proud member of TRUSTe, Gemological Institute of America, International Precious Metals Institute.
©2008 BGC MANAGEMENT, INC. - Sell Gold, Scrap Silver, Old Jewelry & More at