Collecting Gold Coins
  
     Gold coins are the oldest form of money. They first appeared on the scene about 560 BC by the Lydian King Croesus. Soon after that the silver coins appeared and they were minted by King Pheidon of Argos in about 700 BC. Gold coins had a very long run as the main source of money until about the 20the century. The last gold coins were produced in 1933. To really determine what monetary value a gold coin has you have to take into consideration the rarity of the coin, the age, the condition it’s in and the number it was originally minted with.

The gold coins were taken over by such collectors as Aureus, Solidus and Spur Ryal. In July of 2002 an extremely rare $ 20 coin called the 1933 Double Eagle coin sold for a record $ 7,600,000at Sotheby’s Auction house. This coin was the most valuable coin to date. In 1933 more than 445,000 Double Eagle Coin had been through the United States Mint and they were subjected to a recall and subsequently a melt down.

Gold coins gave way to a more structured monetary system. The gold coins that were not used are either in someone’s possession or there are no more around. The change for a coin collector to get their hands on gold coin would absolutely be the find of the century. Not to mention of the most sought after coins in the world.