What are the Common Coin Types
All Precious Metals investors, whether new to investing or not, have questions as to what certain products are and what kinds of coins are available. Some coins represent a nation through commemorative events or people, while others are more general in nature. There are several coin types available, with the most common listed below.
What is a Krugerrand?
A Krugerrand is a South African Gold coin that features a portrait of Paul Kruger, South Africa's first and only president. The name Krugerrand is a combination of the former president's last name and “rand,” a South African unit of currency. The Krugerrand was the first modern Gold bullion coin, introduced in 1967. To this day, Krugerrand value remains high and these popular coins are produced by one of the leading mints in the world.
What is a Buffalo Coin?
The Gold Buffalo coin is based on the 1913 Buffalo Nickel, designed by James Earle Fraser. This classic design celebrates Native American chiefs and the once-endangered buffalo. The Gold Buffalo coin was the U.S. Mint’s first 1 oz Gold coin to contain .9999 fine Gold and has been popular since its introduction in 2006.
What is an American Eagle Coin?
The American Eagle coin is perhaps one of the most diverse of the common coins because it comes in a variety of denominations, designs and metals. Like the Buffalo coin, American Eagle coins are produced by the U.S. Mint. Two American icons, the eagle, a staunch representation of the United States, and Lady Liberty, have appeared on American Eagles since their first minting in 1986. The Silver Eagle features a design based on the original 1916 Walking Liberty Silver Half Dollar while the Gold Eagle takes its design from the 1907 Saint-Gaudens Gold Double Eagle. These two designs are thought to be among the most beautiful to ever appear on coinage. The Platinum Eagle features a close-up of the iconic Statue of Liberty.
What is a Maple Leaf?
Widely considered the world's most beautiful coin, the Maple Leaf is a work of fine production by the Royal Canadian Mint. The coin depicts Canada's iconic maple leaf, a symbol of pride, on the reverse and Queen Elizabeth II on the obverse. Both the Silver and Gold Maple Leaf are considered legal tender honored by the Canadian government. The Maple Leaf is one of the most highly sought-after coins by investors and collectors because of its attention to detail and precision.
What is a Sovereign?
The Gold Sovereign is produced by many countries around the world, but the British Sovereign is perhaps the most well-known. The British Gold Sovereign coin holds tremendous value in today's Precious Metals market. The coin has worldwide recognition and remains one of the oldest coins on the market, having been produced as early as 650. The Royal Mint of today still produces a large number of Gold sovereign pieces.
What is a Philharmonic?
The Philharmonic is a bullion coin made of Silver, Gold or Platinum by the prestigious Austrian Mint. It is named after the Vienna Philharmonic, perpetually one of the premier orchestras in the world. These coins come in 1 oz Silver, 1 oz Platinum and a variety of Gold weights, from 1/25 oz up to 1 oz. In 2009, the Austrian Mint even produced a 20 oz Gold Philharmonic. According to the World Gold Council, Gold Austrian Philharmonics were the best-selling Gold coins in the world in 1992, 1995 and 1996. These coins remain among the most popular coins today.
What is a Ducat?
A ducat is a Silver or Gold coin that was used as a trade coin throughout Europe from the latter parts of the medieval period to as late as the 20th century. Many types of ducats contained several metals, making their Precious Metal content lower than that of many other Gold or Silver coins. Ducats come from a variety of European countries, making them a great way to expand any collection.
What is a Libertad?
Libertads are Silver or Gold coins from Mexico renowned for being some of the most beautiful coins in the world. The obverse shows the Mexican National Seal while the reverse features two of the most iconic images of Mexico City: the Angel of Independence statue and the volcanoes Popocatépetl and Iztaccíhuatl. These designs make Mexican Libertad coins highly symbolic of their culture. The Mexican Libertad is highly valued today because it is gaining in popularity but is still produced in relatively small numbers.
What is a Panda Coin?
Chinese Panda coins are produced by the People's Republic of China but are widely popular all over the world. The People's Republic of China has minted the iconic and endearing animal on their Gold Panda coins since 1982 and their Silver Panda coins since 1983. The People's Republic of China celebrates these beloved animals just as the Gold and Silver Panda coins are beloved around the world. In 2016, the weights changed from ounces to grams to match the metric system used in trading around the world, but the appeal remains the same.
What is a Britannia?
The Silver Britannia has been produced by the Royal Mint since 1997. The series offers a variety of different designs, adding collectible value on top of the Silver content. The Silver Britannia originally contained 1 oz of .925 fine Silver but was increased to .999 fine Silver beginning in 2013, adding even further Silver investment appeal.
What are Francs?
The franc is the name of several currency units, including the former French franc and the Swiss franc, which is still in use today. Available from 1 franc to 100 francs, franc coins are popular among both new and experienced collectors. Francs remain one of the world's standard currencies that have withstood the test of time, combining collector appeal with Precious Metal value.
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