Gold is as fundamental to our modern culture as it was to civilizations 2,000 years ago. As nations worldwide continue to produce gold bullion coins, many investors seek to buy as many as possible. Though these items are sometimes worth thousands of dollars, are gold coins pure gold?
History of the Gold Coin
Gold is a precious metal that professionals extract through the labor-intensive process of vein mining. For thousands of years, numerous cultures competed to access this commodity for their jewelry, architecture, and currency.Gold coins made their first appearance around 550 BC in what is now modern-day Turkey. Archaeologists have determined that the gold purity of ancient coins to be as high as 95 percent in some cultures.
