|
Crown Gold
Crown gold is a 22 karat (kt) gold alloy used in the crown coin introduced in England in 1526 (by Henry VIII). In this alloy, the proportion of gold is 22 parts out of 24 (91.667% gold). Crown gold is appreciably less prone to wear than the softer 23 kt gold of earlier gold sovereigns — an important point for coins intended for everyday use in circulation. Alloying metal The alloying metal in England is traditionally restricted to copper. Copper is still used for the current British gold sovereign. An exception was the gold sovereign of 1887, when 1.25% silver, replacing the same weight of copper, was used to gain a better effigy of Queen Victoria for the Golden Jubilee of her reign. Elsewhere, both copper and silver have been used in varying proportions. Circulating coins In the United States until 1834, gold circulating coins were minted in 22 kt crown gold using about 6% silver as well as copper. From 1834, the fineness of U.S. coin gold was decreased from the 22 kt crown ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fineness
The fineness of a precious metal object (coin, bar, jewelry, etc.) represents the weight of ''fine metal'' therein, in proportion to the total weight which includes alloying base metals and any impurities. Alloy metals are added to increase hardness and durability of coins and jewelry, alter colors, decrease the cost per weight, or avoid the cost of high-purity refinement. For example, copper is added to the precious metal silver to make a more durable alloy for use in coins, housewares and jewelry. Coin silver, which was used for making silver coins in the past, contains 90% silver and 10% copper, by mass. Sterling silver contains 92.5% silver and 7.5% of other metals, usually copper, by mass. Various ways of expressing fineness have been used and two remain in common use: ''millesimal fineness'' expressed in units of parts per 1,000 and '' karats'' or ''carats'' used only for gold. Karats measure the parts per 24, so that 18 karat = = 75% gold and 24 karat gold is considered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Krugerrand
The Krugerrand (; ) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. The name is a compound of '' Paul Kruger'', the former President of the South African Republic (depicted on the obverse), and '' rand'', the South African unit of currency. On the reverse side of the Krugerrand is a pronking springbok, South Africa's national animal. By 1980, the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. However, during the 1980s and 1990s, Krugerrands fell out of favor as some Western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa.Bob Secter (02 Oct 1985Reagan Bans Imports of S. Africa Krugerrand The Los Angeles Times, accessed 28 June 2018 Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Numismatics
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals, and related objects. Specialists, known as numismatists, are often characterized as students or collectors of coins, but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange good (economics), goods. The earliest forms of money used by people are categorised by collectors as "odd and curious", but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g., cigarettes or instant noodles in prison). As an example, the Kyrgyz people used horses as the principal currency unit, and gave small change in sheepskin, lambskins; the lambskins may be suitable for numismatic study, but the horses are not. Many objects have been used for centuries, such as Cowry, cowry shells, precious metals, Cocoa beans#History, cocoa beans, Rai stones, large stones, and Gemstone, gems. Etymology Firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Precious Metal Alloys
Precious may refer to: Music * Precious (group), a British female pop group Albums * ''Precious'' (Chanté Moore album), 1992 * ''Precious'' (Conrad Sewell album), 2023 * ''Precious'' (Cubic U album), 1998 * ''Precious'' (Ours album), 2002 * ''Precious'' (Precious album), 2000 * ''Precious'' (soundtrack), the soundtrack album to the 2009 film * ''Precious'' (Sogumm album), 2021 Songs * "Precious" (Depeche Mode song), 2005 * "Precious" (The Jam song), 1982 * "Precious" (Annie Lennox song), 1992 * "Precious" (Pretenders song), 1980 * "Precious" (Vivid song), 2010 * "Precious" (Yuna Ito song), 2006 * "Precious", a song by Conrad Sewell on the album '' Precious'' * "Precious", a song by Jim Jones on the album ''Pray IV Reign'' * "Precious...", a song by Luna Sea on the album ''Luna Sea'' * "Precious", a song by Minipop on the album '' A New Hope'' * "Precious", a 2010 song by Ace of Base Film and television * ''Precious'' (film), a 2009 American drama film * Prec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coins
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the ''obverse'' and the ''reverse'', referring to the front and back sides, respectively. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse is known as ''tails''. The first metal coins – invented in the ancient Greek world and disseminated during the Hellenistic period – were precious metal–based, and were invented in order to simplify and regularize the task of measuring and weighing bullion (bulk metal) carried around for the purpose of transactions. They carried their value within the coins themselves, but the stampings also induced manipu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Great Debasement
The Great Debasement (1544–1551) was a currency debasement policy introduced in 1544 England under the order of Henry VIII which saw the amount of precious metal in gold and silver coins reduced and in some cases replaced entirely with cheaper base metals such as copper. Overspending by Henry VIII to pay for his lavish lifestyle and to fund foreign wars with France and Scotland are cited as reasons for the policy's introduction. The main aim of the policy was to increase revenue for the Crown at the cost of taxpayers through savings in currency production with less bullion being required to mint new coins. During debasement gold standards dropped from the previous standard of 23 karat to as low as 20 karat while silver was reduced from 92.5% sterling silver to just 25%. Revoked in 1551 by Edward VI, the policy's economic effects continued for many years until 1560 when all debased currency was removed from circulation. Background In the 16th century, after suffering from the e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Gold Eagle
The American Gold Eagle is an official gold bullion coin of the United States. Authorized under the Gold Bullion Coin Act of 1985, it was first released by the United States Mint in 1986. Because the term "eagle" also is the official United States designation for the pre-1933 ten dollar gold coin, the weight of the bullion coin is typically used when describing American Gold Eagles (e.g., "1/2-ounce American Gold Eagle") to avoid confusion with the pre-1933 coins. This is particularly true with the 1/4-oz American Gold Eagle, which has a marked face value of ten dollars, the same as that of its predecessor. Details Offered in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations, these coins are guaranteed by the U.S. government to contain the stated amount of actual gold weight in troy ounces. By law, the gold must come from sources in the United States, alloyed with silver and copper to produce a more wear-resistant coin. In addition, sales of these and other specie coins fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign (British Coin)
The sovereign is a British gold coin with a face value, nominal value of one pound sterling (£1) and contains of pure gold. Struck since 1817, it was originally a Currency in circulation, circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and proof coin, proof examples are often collected for their numismatic value. In most recent years, it has borne the design of Saint George and the Dragon on the obverse and reverse, reverse; the initials () of the designer, Benedetto Pistrucci, are visible to the right of the date. The coin was named after the English gold sovereign, which was last minted about 1603, and originated as part of the Great Recoinage of 1816. Many in Parliament believed a one-pound coin should be issued rather than the 21-shilling guinea (British coin), guinea that was struck until that time. The Master of the Mint, William Wellesley-Pole, 3 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Gold Maple Leaf
The Canadian Gold Maple Leaf (GML; ) is a gold coin, gold bullion coin that is issued annually by the Government of Canada. It is produced by the Royal Canadian Mint. The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. The Commodity market, market value of the metal varies, depending on the Spot contract, spot price of gold. Having a .9999 millesimal fineness (24 karat (purity), karats), in some cases .99999, the coin is among the purest official bullion coins worldwide. The standard version has a weight of minimum 1 troy ounce (31.1 grams). Other sizes and denominations include: 1 gram, ($0.50), ($1), ($5), ($10) and ($20). History The coin was introduced in 1979. At the time the only competing bullion coins being minted were the Krugerrand (which was not widely available because of the economic boycott of apartheid-era South Africa) and the Coins of the Austro-Hungarian krone, Austrian 100 Corona. Coins minted between 1979 and 1982 have a finenes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bullion Coin
A bullion coin (also known as a specie) is a coin struck from highly refined precious metal (bullion) and kept as a store of value or an investment rather than used in day-to-day commerce, or collectable, with numismatic value beyond that of its metal content. A bullion coin is distinguished by its weight (or mass) and fineness on the coin. Unlike rounds, bullion coins are minted by government mints and have a legal tender face value. Bullion coins can have fineness ranging from 91.9% (22 karat) to 99.99% purity (24 karat). In the United Kingdom coins deemed to be investment coins are exempt from value-added tax (VAT) on transactions. A coin is considered to be an investment coin if it was minted after 1800, and at least 900 thousandths fine, and has been legal tender in its country of origin, and not normally sold at more than 180% of the value of its precious metal content; or if it is on a long list of coins deemed to be investment coins. This Web page links to the current list ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Order 6102
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding (economics), hoarding of gold coin, gold bar, gold bullion, and Gold certificate (United States), gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Relief Act in March 1933. At the time and in the years that followed, this policy was highly controversial and faced criticism from those who asserted it was "completely immoral" and "a flagrant violation of the solemn promises made in the Gold Standard Act, Gold Standard Act of 1900" and promises made to purchasers of Liberty and Victory Loans during World War I. The critics also claimed this Executive Order would lead to an inflation of supply of credit and currency, which would cause a fraudulent economic boom which would inevitably bust and result in a depression. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
