Gold coins or gold bullion coins
were created under the instruction of King Croesus of Lydia in 560 B.C.
These coins were made from a mixture of gold and silver, which in those
days was known as electrum. Each gold coin can vary in
style, size and price depending on the country in which it is
manufactured. The official gold bullion coin of the United Kingdom is
known as the Gold Sovereign or British Brittania. In Canada you have the Canadian Maple Leaf, in South Africa the gold Krugerrand, in the United States the American Eagle, in Australia the Gold Nugget, and in China the Chinese Gold Panda.
Gold coins across the globe
The Australian gold nugget
The Australian gold nugget is the national gold bullion
coin. It, along with the Chinese gold panda, is one of the only gold
bullion coins to change in design each year. The gold nugget is also
considered to be legal tender. The first gold nugget was introduced in
1986 by the Gold Corporation of Australia. They were named the gold
nugget due to the first gold coin series manufactured
with various images of Australian gold nuggets. In 1989, the design was
changed to display kangaroos, and they are often informally referred to
as "gold kangaroos". The Australian gold nugget has a
frosted look to it, as well as individual plastic packaging, which makes
it unique in the bullion coin market.
The Chinese gold panda
The People"s Republic of China first issued the Chinese gold panda
bullion coins in 1982. The Chinese gold panda, like the Australian gold
nugget, is also considered to be legal tender, and comes in various
denominations including 25, 50, 100, 200 and 500 Yuan. The gold panda
changes in design each year, with the exception of 2001 and 2002 (where
the same design was depicted twice), and depicts a series of images of
the renowned giant panda. On the obverse side of the coin is a depiction
of the temple of heaven which remains unchanged, except in the special
case of a commemorative edition. Gold buyers from all over the world seek to invest in the Chinese gold panda.