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Gold bullion coins are of immense value especially in the world of constantly rising inflation. The history of the gold coins dates back to 560 B.C and still now their importance have not diminished a bit. The ancient Romans to the Guptas of India had all used gold coins as a form of currency. Even in this century, many countries have gold bullion coins.
In 1967 at Krugerrand in South Africa, the first gold bullion coin was introduced. The gold content in these coins were one troy ounce and the price was little more than the bullion value of gold. These coins were the pioneers of all modern day gold bullion coins which are mostly made these days as a hedge against inflation.
The value of the bullion coins are determined by the troy weight of the coins and the current price of gold in the world market. The weights of these coins vary from half ounce to one-tenth ounce. 1 oz, ½ oz, ¼ oz, 1/10 oz and 1/20 oz are the common sizes of gold bullion coins. The coins are dated and usually most countries maintain one design of the gold bullion coin but there are always exceptions
Krugerrand, Canadian Gold Maple Leaf, American Gold Eagle, Australian Gold Nugget, British Britannia, Chinese Panda are some of the examples of gold bullion coins. Sometimes the names of these coins are based on their design features.
A gold bullion coin can be perfect gift for your new born granddaughter or a worthy investment for a newly wed couple as the price of gold is increasing day by day.
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