Gold as currency goes back centuries as far as the Bronze Age where gold was used in commerce. The 6th century BC saw the introduction of ‘real’ gold coins with some of the earliest pieces coming from Ancient China. Since then it has been used throughout the world as a form of currency largely because it has a high value to weight ratio, has a high density making it difficult to counterfeit and can also be melted down easily. By the turn of the 20th century however, many countries started to phase out these precious metal coins due to post-war shortages or in America’s case, the Great Depression of 1933. Today’s coins are mainly limited edition commemorative pieces or bullion issues which are attractive to collectors and investors for their potential long-term value.
With the huge increase in the price of gold in recent years, demand for bullion coins has at times come close to outstripping supply. However the long-term value or desirability of a coin is not solely down to its precious metal content and collectors are not just buying a piece of metal. Other important considerations such as the edition limit and numismatic heritage are equally important. With millions of coin collectors worldwide looking to add limited edition pieces to their collections and portfolios many pieces are becoming incredibly sought-after and more difficult to obtain. Due to its extensive contacts with mints and suppliers worldwide, The Jubilee Mint distributes gold coins UK wide giving collectors the chance to own these highly sought-after, collectable issues even if sold out.