Gold Coin

(redirected from Gold coinage)

Gold Coin

1. A coin of gold bullion that may be bought and sold for investment. Most gold bullion is at least 99.9% pure. Gold coins, like all gold bullion, are commodities that investors often use as a hedge against recession and inflation. Thus, while they are volatile like most commodities, they always maintain a relatively high value. Gold coins are measured by mass and purity rather than face value.

2. A coin of a currency that is minted from gold and intended for circulation. See also: Kruggerand.
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References in periodicals archive ?
But in 1775 King George III had halted the production of copper coinage at the Royal Mint, which instead focused on producing silver and gold coinage.
But in 1775 King George III had halted the production of copper coinage at the Royal Mint, which instead focused on producing silver and gold coinage. Improvements in manufacturing techniques meant traders and employers could order their own copper coins to be made for use in their businesses, and could also add promotional messages for their trade or area.
Then came silver and gold coinage, post war, paper money, copper and nickel steel coins, then cheques and banker's drafts.
He proposed a new troy ounce gold coinage. Paul supported Mises's Conversion Agency that would be responsible for issuing gold coins and bullion to the public and for exchanging gold and paper.
continental Celtic gold coinage imitated the Macedonian king (and Alexander's father) Phillip II's coinage.
Roosevelt warned his fellow Americans that "in our progress towards a resumption of work we require two safeguards against a return of the evils of the old order: there must be a strict supervision of all banking and credits and investments, so that there will be an end to speculation with other people's money; and there must be provision for an adequate but sound currency." Nonetheless, Roosevelt proceeded to promote an exceedingly unsound currency--with the seizure of most Americans' gold, devaluation of gold coinage, removal of domestic redemption of Federal Reserve Notes in gold, and the nullification of gold clauses in both public and private contracts (Vieira 2002: 867-1235).
Both Lindsay's and Ricardo's plans were characterised by the absence of gold coinage and gold coin circulation as part of the objective to adopt a most economical system.
He examines gold coinage in the Duero plateau in the sixth and seventh centuries and concludes that the distribution of mints points to political fragmentation, taxes were often collected in kind rather than coin, gold coins were used for propaganda purposes, and that taxation in the area was largely symbolic.
Her elevation to gold coinage came in 1987 and still today she adorns the high value coins of the realm.
By 1840 he had produced over $2.2m in gold coinage. A US half eagle $5 piece will bring approx pounds 200 at auction.
It was only with the establishment of a regular issue of gold coinage and hence a fixed relationship, in terms of value, between the new gold coin and the other components of the Roman monetary system, that gold coin ceased to be merx and became actual money, pretium, to use the concepts and terms of the jurist Paulus ...