US Gold Coins
Gold makes the world go round, remember the gold rush? That changed the destiny of many families. Have you seen how people react to gold? Even those who pretend to not even be remotely interested? From gold nuggets, to gold bars, golden biscuits and gold coins. Gold was actually used to make coins that were in mass circulation until it was phased out and metals and materials such as copper, nickel, silver and paper. When any trading was done with gold, it was the intrinsic value that was taken into account. With paper money however, iṭ€™s the promise of the value to be paid by the government which takes precedence.During the depression, in 1933, gold coins stopped being minted in an attempt to take the economy out of its slump. In view of this, it was then illegal to be in possession of gold bullions or coins, and most US gold coins were recalled and melted. This is the reason for the rarity and scarcity of these coins. Those that were kept however go for ridiculous amounts. A 1933 US Saint Gaudens Gold Eagle was auctioned for seven and a half million dollars. Some US gold coins are more valuable than others, and more in demand so they doṇ€™t all cost the same.