3 Historical Eras For Gold US Coins
Many people combine their love of history and desire to make wise investments by starting a coin collection. The right coins can be extremely valuable to collectors. Gold coins minted in the United States are among some of the most highly sought-after coins available on the market.
To understand why collectors want to add these gold coins to their hoard, you must become familiar with the historical eras that helped define the value of the gold coin in the United States.
1. The Establishing of a Standardized Currency System
The first major event to impact coins in the United States was the passing of the Coinage Act of 1792. This act would create a standardized money system that would be controlled by the federal government. The Coinage Act called for the minting of three gold coin varieties. The first was a gold eagle coin worth $10, the second was a gold half-eagle coin worth $5, and the third was a quarter-eagle coin worth $2.50. These three types of coins would pave the way for all future gold coins within the US monetary system.
2. The Gold Rush
Gold fever swept the nation in the late 1840s. The mass migration to California that occurred as a result of the discovery of gold at Sutter's Mill in 1848 led to the construction of the San Francisco Mint. The popularity of gold was reflected in the new coins that this mint began to produce. The most prominent of the gold coins introduced by the San Francisco Mint is the gold double eagle coin worth $20. These coins are extremely rare and highly collectible for all coin enthusiasts.
If you are lucky enough to acquire a gold double eagle coin, you will have a unique investment piece that will only grow in value over time.
3. The Introduction of Gold Bullion Coins
You probably know that gold coins are no longer used as currency in commerce today. This doesn't mean that there aren't still gold coins being manufactured. Gold bullion coins are designed exclusively for collectors looking to diversify their investments.
The government has introduced several series of gold bullion coins, including the American Eagles series, the American Buffalo series, the First Spouse series, and the American Liberty series. Coins from each of these series can be found in the collections of coin enthusiasts around the world.
An appreciation for the history of gold coins in the United States will help you see why collecting gold coins can be exciting. Contact a local collector to learn more about gold US coins.
