gold coin

Definition

A generic term for small coins minted in gold and sold by governments or private organizations. Gold bullion coins can be purchased and sold as an investment. For example, the Canadian Maple Leaf, produced by the Royal Canadian Mint, is a type of gold coin that is commonly purchased and held an investment portfolio. Because they are standardized, dealers generally do not test these for their purity. Numismatic coins on the other hand, are sold at a higher price than their actual value because of their aesthetic appeal.

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London Bullion Market Krugerrand