Gold coin in the context of "Bullion"

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⭐ Core Definition: Gold coin

A gold coin is a coin that is made mostly or entirely of gold. Most gold coins minted since 1800 are 900–920 ‰ gold (22‑karat), while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, and American Buffalo. Alloyed gold coins, like the American Gold Eagle and South African Krugerrand, are typically 917 ‰ gold by weight, with the remainder being silver and copper.

Until about the 1930s, gold coins were circulation coins, including coin-like bracteates and dinars. Since then, gold coins have mainly been produced as bullion coins for investors and as commemorative coins for collectors. While modern gold coins are still legal tender, they are not used in everyday financial transactions, as the metal value invariably exceeds the nominal value. For example, the quarter-ounce American Gold Eagle has a denomination of $10, but a metal value of approximately $500 (as of January 2024).

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Gold coin in the context of Dinar

The dinar (/dɪˈnɑːr/, /ˈdnɑː(r)/) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار (dīnār), which was borrowed via the Syriac dīnarā from the Latin dēnārius.

The modern gold dinar is a projected bullion gold coin, and as of 2019 is not issued as an official currency by any state.

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Gold coin in the context of Government of Macedonia (ancient kingdom)

The first government of ancient Macedonia was established by the Argead dynasty of Macedonian kings during the Archaic period (8th–5th centuries BC). The early history of the ancient kingdom of Macedonia is obscure because of shortcomings in the historical record; little is known of governmental institutions before the reign of Philip II during the late Classical period (480–336 BC). These bureaucratic organizations evolved in complexity under his successor Alexander the Great and the subsequent Antipatrid and Antigonid dynasties of Hellenistic Greece (336–146 BC). Following the Roman victory in the Third Macedonian War over Perseus of Macedon in 168 BC, the Macedonian monarchy was abolished and replaced by four client state republics. After a brief revival of the monarchy in 150–148 BC, the Fourth Macedonian War resulted in another Roman victory and the establishment of the Roman province of Macedonia.

It is unclear if there was a formally established constitution dictating the laws, organization, and divisions of power in ancient Macedonia's government, although some tangential evidence suggests this. The king (basileus) served as the head of state and was assisted by his noble companions and royal pages. Kings served as the chief judges of the kingdom, although little is known about Macedonia's judiciary. The kings were also expected to serve as high priests of the nation, using their wealth to sponsor various religious cults. The Macedonian kings had command over certain natural resources such as gold from mining and timber from logging. The right to mint gold, silver, and bronze coins was shared by the central and local governments.

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Gold coin in the context of Alyattes

Alyattes (Lydian language: 𐤥𐤠𐤩𐤥𐤤𐤯𐤤𐤮 Walweteś; Ancient Greek: Ἀλυάττης Aluáttēs; reigned c. 635 – c. 585 BC), sometimes described as Alyattes I, was the fourth king of the Mermnad dynasty in Lydia, the son of Sadyattes, grandson of Ardys, and great-grandson of Gyges. He died after a reign of 57 years and was succeeded by his son Croesus.

Alyattes was the first monarch who issued coins, made from electrum (and his successor Croesus was the first to issue gold coins). Alyattes is therefore sometimes mentioned as the originator of coinage, or of currency.

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Gold coin in the context of Solidi

The solidus (Latin 'solid'; pl.: solidi) or nomisma (Greek: νόμισμα, romanizednómisma, lit.'coin') was a highly pure gold coin issued in the Later Roman Empire and Byzantine Empire. It was introduced in the early 4th century, replacing the aureus, and its weight of about 4.45 grams remained relatively constant for seven centuries.

In the Byzantine Empire, the solidus or nomisma remained a highly pure gold coin until the 11th century, when several Byzantine emperors began to strike the coin with less and less gold. The nomisma was finally abolished by Alexios I Komnenos in 1092, who replaced it with the hyperpyron, which also came to be known as a "bezant". The Byzantine solidus also inspired the zolotnik in the Kievan Rus' and the originally slightly less pure gold dinar first issued by the Umayyad Caliphate beginning in 697.

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Gold coin in the context of Aureus

The aureus (pl. aurei, 'golden') was the main gold coin of ancient Rome from the 1st century BC to the early 4th century AD, when it was replaced by the solidus. This type of coin was sporadically issued during the Republic and standardized during the Empire, originally valued at 25 silver denarii and 100 sestertii. It was about the same size as the denarius, but heavier than the denarius since gold is denser than silver.

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Gold coin in the context of Modern gold dinar

The modern Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a proposed bullion gold coin, so far not issued as official currency by any national state. It aims to revive the historical gold dinar, which was a leading coin of early Islam. Advocates have suggested it could consist of minted gold coins (dinars) or of silver coins (dirhams).

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Gold coin in the context of Gold standard

A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves.

Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a de facto gold standard in 1717 when Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financial and commercial power in the 19th century, other states increasingly adopted Britain's monetary system.

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Gold coin in the context of Coinage of the United States

Coins of the United States dollar – aside from those of the earlier Continental currency – were first minted in 1792. New coins have been produced annually and they comprise a significant aspect of the United States currency system. Circulating coins exist in denominations of 1¢ (i.e. 1 cent or $0.01), 5¢, 10¢, 25¢, 50¢, and $1.00. Also minted are bullion, including gold, silver and platinum, and commemorative coins. All of these are produced by the United States Mint. The coins are then sold to Federal Reserve Banks which in turn put coins into circulation and withdraw them as demanded by the United States economy.

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