![]() The value of the coins is based on their gold content. They are made of refined gold and are viewed as an investment, rather than a collector coin. Standard bullion coins are made almost entirely from precious metals. The two main categories of coins are standard bullion coins and numismatic coins. What Are the Two Types of Gold Coins for Sale? The price does, of course, fluctuate with the economy, but gold keeps its value much better than stocks or even cash. One of the main benefits of buying gold coins is their timeless value. Buying gold is also a way to ensure you will have a useable asset that will be in high demand in a time of crisis. Gold coins are a great way to grow the worth of your assets without having to be backed by a bank or government and are able to be sold in nearly every country in the world. Our experts have been in the industry since our beginning in 1973 and are standing by to provide you with answers to any of your questions and with buying and collecting advice. Whether you are a veteran in the world of coins or are making your first venture into buying gold coins, CMI Gold & Silver is here for you. The Dangers of Buying Gold details the pitfalls in buying numismatic coins. In contrast, typically promoted numismatic coins can have premiums of 30%, 50%, even 100%, depending on the dealer. Gold bullion coins sell for the value of their gold content with small premiums (2% to 5%) to cover cost of production and distribution. Basically, there are two types of gold coins: bullion coins and numismatic coins. The silver traded on the stock exchange is worth around 17 million US dollars in total.Gold coins are the most popular way to invest in physical gold, the second most popular being gold bullion bars. The most important trading venues for silver are the New York Mercantile Exchange (COMEX), the Tokyo Commodity Exchange, the Chicago Board of Trade and the London Bullion Market. Silver is also produced in China, Poland, Russia, Canada and the USA. The most important producers of silver are Mexico, Peru and Australia. The price of silver has been increasing steadily for several years since the supply of silver cannot meet the high and constant demand. In 2007, 23 per cent of the world’s output of silver was processed as industrial metal in the American industry, 16 per cent in India and Japan, and 7 per cent in Italy. Because silver kills bacteria and other microbes, it is also required in food technology and pharmaceutics. It is worked into items of jewelry or items of everyday use such as cutlery but is also used in electrical engineering and photography. ![]() The white precious metal is used in many industries. Until the 20th century silver was more important than gold. This is why silver has a particularly high political and economic significance among the precious metals. The Greeks produced the first silver coins and used them as a means of payment. Silver has been used for money since the 6th century B.C. Silver was also referred to by the Egyptians as “lunar metal”. Back then, silver could still be found on the earth’s surface or at shallow depths, meaning that no complex extraction was required. and was already processed by the people living at that time. Silver has been known since about the 5th millennium B.C. As a result only around 20,000 tonnes of silver are obtained each year. In nature, silver ores are frequently permeated by lead ores. Around 70 per cent of silver production occurs during copper, lead and zinc extraction. In its pure form the white precious metal is even rarer than gold. Silver frequently occurs during the extraction of base metals.
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