Posted 7 years ago
This is a small group of assorted gold coins from several foreign countries. The descriptions are as follows. Country, denomination, date, actual pure gold content in ounces. The order is from top to bottom, left to right. They total a little over an ounce of pure gold. Plus, think about it along these lines, these are definitely old and their condition excellent and the artwork superb. All the things a vintage collector could want.
France-10 Franc-1855 .0933 oz.
Russia-5 Ruble-1899 .1244 oz.
France-20 Franc-1864 .1867 oz.
Italy-20 Lira-1882 .1867 oz.
Switzerland-20 Franc-1935 .1867 oz.
France-20 Franc-1906 .1867 oz.
Switzerland-20 Franc-1930 .1867 oz.
Austria-1 Ducat-1915 .1106 oz.
While collecting coins has been a passion of mine for many years, even those that don't collect coins should have a few in gold (and silver) just for an investment and an inflation hedge. Remember it is a scarce commodity that is not renewable. Think about it like this. If all the gold in the entire known world from the beginning of time right up to the present day was able to be brought together in one place. Say the Washington Monument in Washington D.C. It would only be able to fill that monument 3/4 the way to the top. When you think about it like that, that's not a whole lot of gold. It's been the "go to" currency of all time and has NEVER been worth zero.