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Gold Bullion Coins
Most Gold bullion coins are 1 oz, 1/2 oz, 1/4 oz, 1/10 and 1/20 oz.. Countries usually have one design which remains constant each mint year and in most cases each coin is dated. The size of a 1/10th oz bullion coin is about as big as a U.S. dime and a 1 oz. gold bullion coin the close a U.S. half dollar. Gold bullion coins today get their value from the gold content or weight instead of rarity and condition. These type of gold coins are considered a hedge against inflation and have been rising in price as of the writing of this article (2007-2008). South Africa introduced the Krugerrand in 1967 to cater to this type of market. It weighs exactly one troy ounce and is considered first modern, low premium bullion gold coin. Bullion coins can also produced in fractions of an ounce – typically half ounce, quarter ounce, and one-tenth ounce. Gold bullion coins do not carry a true face value their value is dictated by their troy weight and the current market price. Some popular gold bullion coins are:
• South African Krugerrand
• Austrian Philharmonic
• British Britannia
• Chinese Panda
• Gold Dinar
• Russian Chervonets
• Swiss Vreneli
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Contributor's Note
John Nystrom is a Teacher in the Steilacoom Dupont area that is working on websites such as www.goldcoinsearch.com and www.gibsons4sale.com
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