Gold coins were commonly issued by many ancient kingdoms and civilizations around the world. They played a significant part in commerce and trade. There are a few that exist even today and are unique, extremely precious, and exceptionally priced. Let’s look at five of the most expensive and rare gold coins around the world:
In 2010, a Spanish company bought the world’s largest gold coin, Maple Leaf Coin, for USD 4 million. Minted by Royal Canadian Mint, it weighs 100 kg, is made of 999.99% pure gold, and features Queen Elizabeth II on it.
A 14th century coin, the 1343 Edward III Florin coin is worth USD 6.8 million. Weighing 108 grains, it is one of the three coins of its type to have survived almost 700 years.
A Wall Street firm bought the ‘1787 Ephraim Brasher Doubloon’ for USD 7.4 million in 2011. The EB mark on the eagle’s breast stands for Ephraim Brasher, a silversmith and goldsmith in New York City
Coinciding with the California Gold Rush, the 1849 Liberty Head Double Eagle is the first recorded 20 USD gold coin. It is currently valued at USD 15 million and is stored at the Smithsonian Institute.
While the face value of 1933 Double Eagle gold coin is a mere 20 dollars, it was actually sold for USD 7.6 million in 2002. This is because when these coins were minted in 1933, U.S President Roosevelt barred their release and people from owning gold. 20 of these coins slipped through the net and hence their high worth.
It is the entry fee charged by the gold ETF when an investor wants to invest in that mutual fund. The mutual fund calculates this charge as a percentage of the Net Asset Value (NAV). For instance, if NAV is Rs.20 and the specified entry load is 2%, the cost price per unit will be Rs. 20.4.
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