Sell Gold Coin To the Best Buyer in Las Vegas & Henderson
The defining attribute of a bullion coin is that its value depends on the mass and purity of its metal content rather than its value as money. Despite being nominally issued as a legal tender, a gold coin’s value as money or currency is immensely lower than that of its value as a bullion coin.
One of the most common metals used in bullion coins is gold. Gold coins are made virtually of pure gold. It is alloyed with other metals since gold is an extremely malleable element. The gold content in a gold coin is measured in karats – a traditional system that is based on fraction and is used to denote the fineness of gold. Such coins come in different sizes. Most countries would have unique coin designs that would remain constant per year, but there are certain gold coins that have different variations annually.
The use of gold coins dates back to the Bronze Age, but in modern history, it was the 1873 German Empire that made the use of gold coins popular. However, in 1933, the majority of the world stopped producing gold coins as currency due to the gold standard brought about by the Great Depression. In the United States, Executive Order 6102 of 1933 disallowed the hoarding of gold. In recent years, gold coins are produced mainly to serve as bullion coins for investors and as commemorative coins that citizens and enthusiasts can collect.
Gold coins are often produced in fractions of an ounce. The measurements typically include half ounce, quarter ounce, and one-tenth ounce. These coins also carry a face value assigned by a government, and a gold coin’s face value would usually be minted on the coin itself. Doing so gives the coin a status of a legal tender, which therefore makes it recognized and accepted by merchants as forms of payment.
Sell Your Gold Coin
Nevada Coin Mart is the #1 Gold Coin Buyer in Las Vegas & Henderson area. We perform noninvasive tests that can determine the content of your coin and give you the great offers that can earn you the MOST cash. If you have gold coins lying around your home, bring them in our store today to earn some serious, instant cash. Here’s a list that shows some of the gold coins we buy:
- American Gold Buffalo
- American Gold Eagle
- British Gold Britannia
- British Gold Sovereign
- Canadian Gold Maple Leaf
- Mexican Gold Centenario
- Mexican Gold Libertad
- South African Gold Krugerrand