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Signs Of Gold Coins That Are Worth Money

Date Added: November 29, 2010 09:32:00 AM
Author: tanner shelly
Category: Arts & Humanities: Criticism and Theory
Gold has been the sole backer of every currency and economy of the world. It is also the most sought after metal for ornamental purposes. It is been said that gold is the only material in the world which will never lose its value. Things which are precious are compared to gold, for example petroleum is know as black gold. To buy gold is the safest mode of long term investment. The prices of gold keep on increasing and in the long term, it is can give very high and risk free returns. The best way to buy gold is to buy gold coins. But gold coins are worth money only if they are pure. You can check empirically if the gold is pure or not when you buy gold coins by several methods. The color should be pure yellow and should have a good lustre. Most of the gold coins have the exact weight as prescribed on them. If you strike two coins together they will make a sweet tinkling sound (The sound test is usually not possible as they come covered in a very tight packages). But if you do have access to unpacked gold, try rubbing it on black touch stone, the gold coin must not lose its color or lustre. But these are all very empirical tests, how can you rest assured that the gold is pure when you buy gold? There are several other signs of pure gold. First of all check if they have a certificate of purity. When you buy gold coins from reputed banks, they give you a certificate stating that you hold a 99.99% gold coin. They charge a premium for issuing such a certificate. Thus if you come across someone who has such a certificate, buy gold from him or her. But also make sure the document is original. But you will not always get a certified gold coin. Then how to check the purity? Well many of the small gold coins or bullion have a hall mark on them. When you buy gold coin an hallmark certifies that the gold is pure and 24 karat. Hallmark is an official mark or series of marks which are struck on things made out of precious metals. Thus, an hallmark certifies that the gold is totally pure and should always be checked when you buy gold in any form. The hall mark is also printed on most certificates of purity by banks. Another sign of gold coins that are worth money is that the gold is sold buy a reputed trader. The traders have reputation to maintain so when you buy gold from them, you can be reasonably sure that the gold is pure and will fetch you most of the money you have invested in it. When you buy gold coins from traders, keep your guard up. I recommeing you buy gold from them, only when you know about the current price of gold in national as well as international markets.
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