Gold coins are extremely beautiful items and collecting them goes back to when coins were first issued in pre-Roman Europe. However, it was only in the Middle Ages that the hoarding of gold coins became a leisure pursuit amongst the aristocracy and merchants who could afford to save such valuable items for their beauty and historical importance alone.
Coin collecting in general is still a very popular hobby enjoyed by millions of people of all ages. School children all over the planet have small collections of foreign coins. Later, that hobby might develop into collecting coins from one’s own country. For example, it is simpler and cheaper to collect a cent or penny from every year in the 20th Century in your own country than a foreign country.
This higher level of collecting coins can later become an expensive hobby once one has started working and has more money to spend. One might choose to specialize in collecting gold coins from a particular period or of a certain denomination. Dollar and sovereign coins are very popular in this regard.
In the USA, gold coins were in distribution from 1838 to 1933. The first design was the Liberty Head Bust but this was changed in 1907 to the Indian Head and Saint Gaudens motifs, which were used until 1933. The problems presented by the Great Depression caused gold coins to be recalled to be melted down. This made them rarer and therefore more valuable.
In the United Kingdom and other areas of Europe, gold was used for coins from before the birth of Christ and many exemplars of these Roman and Celtic gold coins still survive today. Gold is no longer used as currency in Europe either, although in the UK, a gold sovereign is still worth one pound. The design on the reverse is George and the Dragon, while the reigning monarch’s head is on the obverse
South Africa issued its first gold coin called the Krugerrand in 1967. The Krugerrand has no legal value because it was not meant to be used as currency. It is made of one ounce of pure gold and is usually purchased solely for investment purposes. Since then other countries have also minted bullion or investment coins. For instance, Canada manufactured the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981.
In the days of the Gold Standard, countries promised to match the value of their currency with the amount of gold they held in reserve. That meant that if a country issued paper money without buying more gold to support it, the value of the paper currency would fall in relation to foreign currencies.
Different countries came off the Gold Standard at slightly different time, but most of them dropped the standard in or around 1971.
Collecting gold coins is a fine pastime, but it ought not really be seen as an investment, because old gold coins carry a premium to the value of gold inside them. This value is sentiment and that can change rapidly. If you want to collect gold coins all well and good, but if you want to buy gold for an investment, then buy bullion coins or bars.
Owen Jones, the writer of this piece, writes on many subjects, but is currently involved with Clogau Welsh gold. If you have an interest in wedding rings too, please go to our website now at White Gold Claddagh Ring
Holidays And Holy Days In The USA
Wednesday, May 19th, 2010Congress and the president have selected ten days as federal holidays. Being ‘federal’, these holidays theoretically only apply to federal employees and inhabitants of the District of Columbia, although they are so widely observed that they can be thought of as national holidays.
Legally, it is up to each individual state to select public holidays. If the holiday falls on a Saturday or Sunday, the Friday before or the Monday following is given in lieu to make a long weekend.
New Year’s Day (January 1) – celebrating the New Year dates back to pre-Christian times, when rites were performed to attempt to ensure the return of Spring.
Martin Luther King Jnr. Day (third Monday in January) – before he was shot dead in 1968, Martin Luther King Jnr. was the foremost civil rights leader in the 1950’s and 1960’s. He was awarded the Nobel Peace Prize in 1964. Congress set this day aside to commemorate his life and accomplishments in 1983.
Washington’s Birthday (third Monday in February) – initially it was celebrated on Washington’s actual birthday, the 22nd of February, but it was moved in 1971 to make a long weekend. It is occasionally known as Presidents’ Day, because it is close to Lincoln’s birthday on the 12th February.
Memorial Day (last Monday in May) – also called Decoration Day, it honours soldiers fallen in battle.It originates from the Civil War and is traditionally marked by parades and services.
Independence Day (4th July) – this, the most important US holiday, marks the 1776 signing of the Declaration of Independence from Great Britain. It was first commemorated in 1777 and is marked by fireworks, parades and speeches.
Labor Day (first Monday in September) – this, the suggestion of Peter J. McGuire, the president of the United Brotherhood of Carpenters and Joiners, was taken up in 1894 to celebrate American workers.
Columbus Day (second Monday in October) – Christopher Columbus and his crew landed in the Bahamas on Oct 12th 1492. It was first commemorated in 1792, although it was not officially recognized until 1909. It is a cause of special pride to Italian-Americans, who claim the Genoan voyager as their own.
Veterans Day (Nov 11th) – or Armistice Day commemorates the end of the First World War on Nov 11th 1918. It was made a legal holiday in 1938, but its name was changed in 1954 to honour all American veteran soldiers.
Thanksgiving Day (fourth Thursday in November) – it was first celebrated in Plymouth County, Massachusetts in 1621, the year in which the Pilgrims landed in the New World to give thanks for the new harvest and the new land they had colonized. President Lincoln made it a holiday in 1863.
Christmas Day (December 25th) – Christians celebrate the birth of Jesus Christ.
Owen Jones, the writer of this piece, writes on many subjects, but is currently involved with Franklin Covey planner refillss If you have an interest in calendars, organizers or promotional calendars, please go over to our website now at Promotional Desk Calendars
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