Gold Coin
Hidden Treasures
A very rare 1933 $20 Double Eagle gold coin sold in July 2002 for a record of $7,590,020.00!
In History, the first gold coins were coined by Egyptian Pharaohs around 2,700 BC.
These gold egyptian coins of the time had a variable purity and were used primarily as gifts and not for public circulation or commerce.
In Lydia, some centuries later, King Croesus that ruled between 560-546 BC, started issuing gold coins with a standardised purity for general circulation and this is how larger units of money like the modern 400 troy ounce gold bullion bar came to be.. but gold coins had a very long period as a primary form of money, falling out of use in the early 20th century.
Most of the world stopped making gold coins as currency by 1933, as countries switched from the Gold Standard due to hoarding during the worldwide economic crisis of the Great Depression.
flickr today
Gold Coin
Hidden Treasures
A very rare 1933 $20 Double Eagle gold coin sold in July 2002 for a record of $7,590,020.00!
In History, the first gold coins were coined by Egyptian Pharaohs around 2,700 BC.
These gold egyptian coins of the time had a variable purity and were used primarily as gifts and not for public circulation or commerce.
In Lydia, some centuries later, King Croesus that ruled between 560-546 BC, started issuing gold coins with a standardised purity for general circulation and this is how larger units of money like the modern 400 troy ounce gold bullion bar came to be.. but gold coins had a very long period as a primary form of money, falling out of use in the early 20th century.
Most of the world stopped making gold coins as currency by 1933, as countries switched from the Gold Standard due to hoarding during the worldwide economic crisis of the Great Depression.
flickr today