There are many ways in which you can decide the value of a rare coin. There are also many ways in which coins can populate a list. When it comes to rare gold coins, not even the rarest of the coins mean that they are worth the most. This is because they might not be as striking as other pieces. It might also be because they do not hold the right amount of gold within them. No matter what the reason for their place on the list, it is good to know which coins are most popular and why so that you will be able to make better decisions when it comes to your own collection.
For this list, you will get a look at the top three examples of rare gold coins and why they are so valued in the numismatic community. These include the $20 Saint-Gaudens coin which is valued for its stunning beauty as well as the fact that it is rare. Also on the list are the gold coins struck before 1835 and the gold proof coins which were struck in the 19th century. Getting to know these coins will help you to have a better collection.
The Saint-Gaudens coin was created in order to create a more beautiful national coin. It was commissioned by Theodore Roosevelt from the sculptor Augustus Saint-Gaudens. The coin is more accurately called a double eagle because it is worth twice the $10 denomination of the eagle coin. Of course, today these coins are worth far more than just the $20 that they were originally intended. This price goes even higher when you have one of the first coins to be struck or you have a coin which is in exceptional condition.
Pre-1835 Gold Coin
The United States Mint has gone through many different incarnations of standards for coins. The original coins were distributed based on their actual value. As the value of gold increased, gold coins became more valuable than what they were intended to be. For this reason in 1835 the national government started reclaiming coins, melting them down and re-striking them with a lower amount of gold per weight. The rare gold coins which survive from before the government started reclaiming the coins makes them very valuable as a part of the nation’s history and to coin collections.
19th Century Gold Coin Proof
Proofs have always been collector’s items. This is because they are not intended for circulation. They are only intended to make sure that the coins are being made correctly. Whereas the Mint will strike millions of proofs to sell to collectors today, the proofs which were created in the 19th century were never intended to be sold. This is why for every coin, there was only a handful of gold proofs ever created. These proofs are extremely valuable rare gold coins which will only increase in value over the years. Possessing one of these coins will turn out very well for your collection.
Photo Credits: peterjr1961
Originally posted 2010-08-19 03:43:17. Republished by Blog Post Promoter
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