{"id":40889,"date":"2023-12-18T09:00:00","date_gmt":"2023-12-18T08:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=40889"},"modified":"2023-12-18T09:02:10","modified_gmt":"2023-12-18T08:02:10","slug":"bullion-coins-precious-commodity","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/bullion-coins-precious-commodity\/","title":{"rendered":"Bullion coins, a precious commodity"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>What are the advantages and disadvantages of bullion coins compared to gold bars? What is their history? What does their value depend on? Here are the answers you need.<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The first official coins were minted around the 7th century BC in Lydia, in present-day Turkey. They were made of electro, an alloy of gold and silver. From then on, virtually all the great states of antiquity created gold or electro coins.<\/span><\/p>\n<p><b>For centuries, gold and silver became the materials from which coins of the highest value were made<\/b><span style=\"font-weight: 400;\">. This was because they are solid metals, easy to handle and relatively scarce, which prevents overabundance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of the two, <\/span><b>gold has always been more prized<\/b><span style=\"font-weight: 400;\"> for its greater resistance to rust and corrosion. In addition, its golden colour and lustre have made it very attractive to most civilisations, which have made this precious metal a symbol of wealth and status.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>A new concept of gold coinage<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">In the second half of the 20th century, the concept of the bullion coin appeared. This is a coin minted in precious metal, the value of which is fixed not by the face value of the coin, but by the value of the metal contained in it, to which a premium is added for the coin&#8217;s manufacturing process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In these cases, what is important is the amount of precious metal it contains and its purity, rather than the possible numismatic value it may have because of its design. Of course, <\/span><b>when the price of gold rises, the value of the coin also rises<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Bullion coins or gold bars?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Although <\/span><b>the premiums or surcharges on the price of contained gold are lower for bullion and bars than for coins<\/b><span style=\"font-weight: 400;\">, many investors prefer the latter.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One reason is their <\/span><b>collectable potential<\/b><span style=\"font-weight: 400;\">. Gold coins that are preserved in good condition become somewhat more coveted as they age, which is not the case with gold bars, which are valued purely for the amount of gold they contain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, because their weight per unit is generally lower, they do not require the investment of a large amount of money, which makes them <\/span><b>accessible to small investors<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finally, <\/span><b>the process of verifying their authenticity when selling them is simpler<\/b><span style=\"font-weight: 400;\">. Thanks to their particular design, weight and dimensions, each type of gold coin is very difficult to counterfeit.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>A bit of history<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The first modern investment coins were minted in South Africa in 1967. They are the Krugerrand, which are still in production today. <\/span><b>Investment coins became popular between the late 1970s and the 1980s<\/b><span style=\"font-weight: 400;\">, when the Maple Leaf in Canada (1979), the American Eagle in the United States (1986), the Britannia in the United Kingdom (1987) and the Philharmonic in Austria (1989) began to be minted.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of these coins have a face value. For example, in the case of the Britannia coin, it is \u00a3100. However, as this value is lower than the value of the gold it contains,<\/span><b> the real value at any given moment is determined by the price of gold and its numismatic value<\/b><span style=\"font-weight: 400;\">. In this sense, as the F\u00e1brica Nacional de Moneda y Timbre <\/span><a href=\"https:\/\/www.fnmt.es\/documents\/10179\/38801\/Guia_del_coleccionista.pdf\/7da61ed7-0e82-48e6-8541-b72087559ef2\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">indicates<\/span><\/a><span style=\"font-weight: 400;\">, the rarity and the degree of conservation of the piece are essential.<\/span><\/p>\n<p><b>Some pieces are often coveted for reasons that go beyond a mere investment mentality<\/b><span style=\"font-weight: 400;\">. The numismatic value of the craftsmanship, design, historical significance, commemorative value and physical condition of a piece can drive collector demand. This means that, proportionately, the price of some coins is considerably higher than that of bullion.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Up to now, with <\/b><a href=\"https:\/\/www.11onze.cat\/en\/preciosos-11onze\/\" target=\"_blank\" rel=\"noopener\"><b>Preciosos 11Onze<\/b><\/a><b>, it has been possible to purchase gold bullion. From now on, we also offer the option of buying Krugerrand and Britannia gold coins. Gift gold, for tomorrow\u2019s future.<\/b><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component cards\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-xl-8 offset-xl-2\">\n        <h1>If you liked this article, we recommend you read:<\/h1>\n        <div class=\"cards__wrapper\">\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/history-britannia-krugerrand-coins\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/12\/THUMBNAIL_MONEDES.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">11Onze<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>History of the Britannia and Krugerrand coins<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">Investment coins, also known as bullion coins, are minted in<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/gift-tomorrow-future\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/11\/THUMBNAIL_NADAL-CAPMANYA_TARGETA_TICKET.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">11Onze<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>A gift for tomorrow\u2019s future<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">11Onze is launching the sale of gold coins as gifts.<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/deadlines-buy-gold-coins\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/12\/THUMBNAIL_DATA_MONEDES.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">11Onze<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Deadlines to buy gold coins<\/strong><\/p>\n              <span class=\"card-time\">2 min read<\/span>\n              <p class=\"card-text small\">If you want to give gold as a gift for tomorrow and you want<\/p>\n            <\/div>\n          <\/div>\n\n              <\/div>\n              <br>\n              <br>\n              <div class=\"cards__wrapper\">\n\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":40950,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[15],"class_list":["post-40889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-invest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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