The first gold coins in the United States were published in 1795. The Mint of United States sets the value of U.S. dollar to 24 grains of gold. The value has been established in accordance with world prices of precious metals, which at that time was $ 19.39 per ounce.

Gold Coins U.S. were issued in seven different currencies around the country as the western border of the United States began its expansion. The mints were made in Philadelphia in San Francisco. The room sizes vary from one dollar gold of the denomination of fifty dollars. It is noteworthy that at that time, the mints of United States has issued coins that the value of its weight in gold. "

In 1834 and 1837, Congress amended the specifications of gold pricing gold with a mark of $ 20.67 per ounce. When the Great Depression came in 1933, President Roosevelt made gold an active illegal for U.S. citizens. During this period, to Roosevelt, all the coins were returned to the Treasury SU and cast into bars of gold. After the value of a dollar U.S. was set at $ 35 per ounce. The overall result was reduced by 40 percent of the dollars purchasing power

When millions of gold coins were melted gold bullion, have become very rare and highly sought after by several collectors. Experts say the money only one per cent of gold is today. Each piece gold that survived until today, is very popular among collectors and investors.

All gold coins minted in the United States before 1933 is estimated at individually according to date, rarity, appeal to collectors and some of their condition.

Worth numismatics What is rare?

The coins fall into the category "rare", are classified as ANA (American Numismatic Association). The scale is 1 to 70. The coins are certified true PCGS or NGC and then, two leaders in the supply room service classification. For example, a grade 1 piece or a date not very visible, very worn and its value is a slightly above its weight in gold or precious metals. Obviously, the best medal is held in a receiver or investorinvestor willing to pay for it.

Double Eagles

1933_double_eagle_gold_coin_reverseVery often a collector begins his collection of U.S. gold coins minted before 1933 to U.S. $ 20 Double Eagle. Note that from 1849 to 1907 U.S. Freedom Mist published series. The mint then changed the design of the Double Eagle Saint Gaudens. These were minted during the period Between 1907 and 1933.

From a collection of pre-1933 gold coins of the United States is advantageous for several reasons:

"Pure Gold Content" – This means that each piece is about 1 ounce of gold.

"A double earnings Opportunities" The gold market continues to evolve and $ 20 Double Eagle From 1933 Saint-Gaudens Double Eagle Gold Coin

One of the most valuable, if not the most valuable currency is considered until 1932. While in 1933 there were 445,500 Double Eagle minted, none has been released due to changes in currency legislation during the Great Depression.

The result of the Great Depression is President Franklin Roosevelt took America off the gold standard. The gold coins were taken out of circulation and then not have issued more. In addition, people had to return those who had

Later in 1933, Double Eagle coins were declared illegal. It was forbidden to possess one of the gold pieces, unless they are of value to collectors.

The same year gold Double Eagle Double Eagle coins coinsGold has ordered the dissolution of the Mint SU. In 1937, billions gold bars were made from these unique.

Some pieces have escaped being melted. In 1933 two of them were donated by the Mint Collection National American Numismatic the Smithsonian Institution. These two Double Eagle coins were known as the only legal specimens to be increasingly part of a collection of pieces. Also in 1952, was discovered eight additional rooms. Seized by the secret services.

Today, 19 some of the most valuable pieces of gold 1933 Double Eagle is owned of a Philadelphia jeweler Israel Switt.

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Article Source: ArticlesBase.com – The History of Gold Coins Issued by Usa

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