Gold Coins

Gold Coins

Gold coins are considered to be one of the ancient form of money. Historical facts say that first existence of gold coin was found in 550 B.C, when Lydian king Croesus minted the first gold coin. This purity standard of this gold coin was 98%. It was the first time when gold was used as a primary form of money. Then it went through a long journey and this remained continued till continues till early years of 19th century.

The use of gold coins decreased around staring of 19th century and by 1933 most of the countries stopped the use of gold coin as money. The trend of using gold coins as currency was halted but the craze to own gold coins remains the same. Gold coins are also known as bullion coins. These bullion coins are mostly preferred by investors, who prefer to invest in physical gold.

Gold coins are considered to be the purest form of gold and these investors find it quite easy and beneficial to invest in bullion coins. Usually small and medium class investors tend to be more interested in gold coins.

In India, gold coins are also famous as "Ginni". Indian gold coins are widely used for gift purpose. Gold coins are used as one of the most traditional gift. Nowadays too, gold coins are highly in trend as a wedding gift. Since Indians have a religious bond with gold thus, gifting gold coins is associated with good fortune. Gold coins are one of the significant contributor of economical growth. Every day, gold coins are traded world widely on a large scale.