Gold
Coins - Articles on Gold Coins - Information about all type
of US Gold Coins
Information about all type of US gold coins.
We buy and sell Gold, Gold Coins. US Rare Coin Investments
is one of the largest gold coin dealers in the United States
specializing in Gold Coins.
The story of American gold coins begins
with gold itself. Gold was one of the first elements discovered
by Man, thanks to its distinctive, yellow color and metallic
luster. Gold is a relatively inert metal, meaning that natural
deposits enjoy a high level of purity. Gold is most commonly
found mixed with quartz as veins and crystals, although
other forms are known. Erosion of the earth creates what
are known as placer deposits, where gold is exposed and
concentrated in the form or dust, flakes, and nuggets.....More
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Coinage of the gold dollar (one dollar gold coins) was
authorized by the Act of March 3, 1849. The weight of these
gold coins was 25.8 grains, .900 fineness. The first type
of these gold coins, struck until 1854, is known as the
Liberty Head or small sized type (Type 1).....More
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The Quarter Eagle Gold Coins authorized by the Act of April
2, 1792, quarter eagle gold coins weighed 67.5 grains, .9167
fineness until the weight was changed to 64.5 grains, .8992
fineness, by the act of June 28, 1834. The Act of January
18, 1837, established fineness at .900.... More
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The three-dollar gold piece (Three Dollars Gold Coins)
were authorized by the Act of February 21, 1853. First struck
in 1854, these gold coins were never popular with the general
public and saw very little circulation. Today, some numismatists
theorize that the $3 denomination would have been useful
for purchasing postage stamps of the day (with their face
value of 3c) or for acquiring 100 silver three-cent pieces
("trimes"), which were also in circulation at
the time.... More
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These pattern coins (pattern gold coins) were first suggested
by John A. Kasson, then U.S. envoy ex ordinary and minister
plenipotentiary to Austria-Hungary. It was through the efforts
W.W. Hubbell, who patented the alloy goloid (used in making
another pattern piece, goloid metric dollar), that we have
these beautiful and interesting gold coins.... More
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The half eagle gold coins were the first gold coins actually
struck for the United States. The five-dollar piece (five
dollar gold coins) was authorized to be coined by the Act
of April 2, 1792, and the first type weighed 135 grains,
.9167 fineness. The Act of June 28, 1834, changed the weight
to 129 grains, .8992 fineness. Fineness became .900 by the
Act of January 18, 1837....More
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Coinage authority including specified weights
and fineness of the eagle gold coins conform to that of
the half eagle gold coins. The Small Eagle reverse was used
until 1797, when the large Heraldic Eagle replaced it. The
early dates have variations in the number of stars, the
rarest date being 1798. Many of these early pieces show
file scratches from the Mint's practice of adjusting planchet
weight before coining. No eagle gold coins were struck dated
1805 to 1837. Proofs of some dates prior to 1855 are known
to exist, and all are rare....More
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LIBERTY HEAD DOUBLE EAGLE GOLD COINS (1849-1907)
This largest denomination of all regular United States issues
was authorized to be coined by the Act of March 3, 1849.
Its weight was 516 grains, .900 fine. The 1849 double eagle
gold coin is a unique pattern and reposes in the Smithsonian.
The 1861 reverse design by Anthony C. Paquet was withdrawn
soon after being struck. Very few pieces are known.....More
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Many consider the twenty-dollar gold coins designed by
Augustus Saint-Gaudens to be the most beautiful U.S. coin.
The first coins issued were slightly more than 12,000 high-relief
pieces struck for general circulation. The relief is much
higher than for later issues, and the date 1907 is in Roman
numerals (MCMVII). A few of the Proof gold coins were made
using the lettered-edge collar from the ultra high relief
version. These can be distinguished by a pronounced bottom
left serif on the N in UNUM, and other minor differences.
High-relief Proofs are trial or experimental pieces. Flat-relief
double eagle gold coins were issued later in 1907 with Arabic
numerals, and continued through 1933.....More
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Gold and Gold Coins In The News -
Articles on Gold Coins
What
is gold?
Gold is a chemical element with the symbol Au (from the
Latin aurum, meaning shining dawn) and atomic number 79.
It is a highly sought-after precious metal which, for many
centuries, has been used as money, a store of value and
in jewelry. The metal occurs as nuggets or grains in rocks,
underground “veins” and in alluvial deposits.
It is one of the coinage metals. Gold is dense, soft, shiny
and the most malleable and ductile of the known metals.
Pure gold has a bright yellow color traditionally considered
attractive.....More
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