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Old Gold Coin

Buying an old gold coin minted 50 or more years ago is a good strategy today for the ethically minded investor and the coin collector. The metal in old gold coins is just as valuable as any gold mined today. For the coin collector there is the historical value of the coin as well as the monetary. For the investor, there is the satisfaction of reusing an old resource rather than buying new gold that has been mined out of the earth, causing more pollution and displacing communities.

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Lost Gold Coins

Part of the attraction of old coins is the possibility of finding lost gold coins from an ancient civilization or perhaps even buried treasure. Its surprising how ancient gold coins show up. In March of 2008, British construction workers unearthed two gold coins of the Roman emperor Carausius on a construction site in the Midlands. Archaeologists are investigating the find further. Gold coins from the era of Carausius are extremely rare, only 23 have been found. While you may not find anything as historically important, there are still plenty of coins out there with gold content worth looking for.

old gold coin 003In the United States the countries withdrawl from the gold standard in the 1930's has created a lot of rare gold coins since by law most of the coins made before 1933 were supposed to be melted down. Gold Eagles and Double Eagles from that era continue to surface today. In 1986 when US presidient Ronald Reagan passed a law that allowed Gold Coins to be minted again, yet another set of collectible coins were started. Since commerative US Gold from 1986 is historically significant and quite collectible.

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Ethical Gold Investing

Gold Bullion investors may choose to invest in gold produced by companies that have pledged support for The Golden Rules. Tiffany's, for example, is a jewellery company that is a leader in the "No Dirty Gold" campaign. The company says its gold comes from a single U.S. mine that "operates in a sustainable and environmentally sound manner." Initiatives likes will gain importance as support for ethical investing grows. For the time being, you can certainly do well by trying to reuse and recycle the old gold coin already out in circulation.

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