Gold coins collecting is considered to be the hobby of kinds because gold coins are are one of the most precious and expensive types of coins you can collect. In fact a 1933 American Gold Double Eagle is worth about eight million dollars.

However, you do not have to be rich to collect gold coins. You simply need to look at it as an investment in the same way that you would invest in anything whether that be the stock market or a game of poker. However, unlike a game of poker, gold is a solid investment.

Gold coins are one of the oldest forms of money. In fact gold was even used for circulation in the United States from 1838 to 1933. There were a few different gold designs used, the Liberty Head bust being one which was made until 1907. The design then changed to the Indian Head and Saint Gaudens motifs and was used until 1933.

When the Great Depression began people began holding onto the coins or melting the coins for the gold knowing that they held intrinsic value. This prompted the government to recall gold coins and therefore older gold coins are now very difficult to find. Gold coins are no longer in circulation.

Other countries have also used gold for their coins. South Africa for example minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.

Gold is a very popular investment commodity today because its assumed that that the demand for gold will always cause its market value to increase. Some people simply hold it as a form of insurance in case of difficult financial situations.

Collecting gold coins in some ways is a better investment then simply investing in gold. When you buy a gold coin not only are you purchasing the gold but also the coins as a collectors item. not only is there the chance the gold will rise in value but there is also the chance that the demand for any particular coin may rise in value.

Collecting gold coins is one of the more expensive coins you can collect but is also one of the better coin investments.