Gold coin is a coin that is made mostly or entirely of gold.
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12 Facts About Gold coin
2.
For example, the American Gold coin Eagle has a denomination of 10 USD, but a metal value of more than $800 USD.
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3.
Gold coin is easily transportable, as it has a high value-to-weight ratio compared to other commodities such as silver.
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4.
However, "gold coin" always refers to a coin that is (more or less) made of gold, and does not include coins made of manganese brass or other alloys.
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5.
Largest legal tender gold coin ever produced was unveiled in 2012 by the Perth Mint in Western Australia.
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6.
In July 2002, a very rare $20 1933 Double Eagle gold coin sold for a record $7, 590, 020 at Sotheby's, making it by far the most valuable coin ever sold up to that time.
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7.
On October 4, 2007, David Albanese stated that a $10, 1804-dated eagle Gold coin (made for President Andrew Jackson as a diplomatic gift) was sold to an anonymous private collector for $5 million.
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8.
Gold coin has an international currency code of XAU under ISO 4217.
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9.
Whether a Gold coin was actually made by the party as claimed was of secondary importance compared to whether it contains the correct amount of metal – that is, correct weight and fineness.
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10.
Gold coin is denser than almost all other metals, hence hard to fake.
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11.
Bullion Gold coin counterfeits used to be rare and fairly easy to detect when comparing their weights, colors and sizes to authentic pieces.
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12.
Rationale for biting a coin was the supposed widespread dissemination of gold plated lead coins in the 19th century.
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