Tuesday, September 20, 2022

What Foreign Coins Are Gold

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Old Foreign Gold Coins

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Paper Money From Around The World

Foreign world currencies are considered in two categories: modern currencies that have legal tender status, and those that do not. Currencies that can no longer be used as legal tender for the exchange of goods and services today, are called demonetized currency.

Coins and currency still considered as legal tender can be exchanged for newer bills, coins at the issuing central bank but you will find most banks and currency exchanges are not interested in your foreign coins, world currency notes, or small denomination bills. It can be even more difficult to exchange coins and bills from less traveled countries.

PGS Gold & Coin will exchange your foreign currency notes, bills, coins from just about every country in the world. We buy silver coins, gold coins, commemorative coins, and collectible coins and coin sets. We will also buy obsolete currency that no longer holds monetary exchange value from any bank. We are foreign coin and currency buyers from individuals, as well as companies and businesses. PGS Gold & Coin buys world coins and currency notes individually, and in collections and estates of any size.

If you would like to see our inventory or do not see the item you would like to buy, sell, or appraise,please call one of convenient Illinois locations today!

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Foreign Coins & Notes

The hobby of kings! Coin collecting is nearly as old as coins themselves. Hoards of ancient coins are commonly found throughout Europe and Asia, indicating people were accumulating and hiding their wealth. Occasionally, these hoards would have many varieties, suggesting it was more of a collection. One of the earliest known collectors was Caesar Augustus , who collected old and exotic coins and gave them out as gifts. Since coins were typically made of gold and silver, their intrinsic value made collecting prohibitive for common folk. Thus, it was a hobby for the wealthy.

The Renaissance Era saw an explosion of coins and collectors. The nobility and upper classes collected coins as pieces of art. By the 17th Century, numismatics became a scholarly endeavor, with written works to study and catalog coins. In modern times, the largest and most famous collection was accumulated by King Farouk of Egypt, who amassed a collection in the 1930s and 1940s, including over 8,500 gold pieces, and some of the U.S. and worlds rarest coins.

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Athenian Decadrachm $292 Million

Minted in around 430 BCE, the Athenian Decadrachm was a comparatively widely circulated coin but has a significant history attached to it.

The coin displays a phase of prosperity for the Greeks. One side of the coin displayed the Greek goddess Athena while the other side displayed her symbolic companion owl. It was after the issuance of these coins that the Greek witnessed victories in the Persian Wars.

These coins are currently valued at $2.92 million with the most recent sale in 2012.

This 1898 Single 9 Pond coin is one of the rarest coins of South Africa. Even after being relatively unknown around the world, this coin was sold for $4 million in May 2010.

When new coins were re-ordered to be made, the Boer government thought of using old coins and punched the number 9 over old coins to reflect the year 1899.

However, when they realized that the coin was too small, the process soon came to an end. Thus, this made it one of the only coins of this kind.

Middle Ages And Early Modern Period

Gold Austrian / Hungarian 100 Corona

The German gold mark was introduced in 1873 in the German Empire, replacing the various local Gulden coins of the Holy Roman Empire.

Gold coins then had a very long period as a primary form of money, only falling into disuse in the early 20th century. Most of the world stopped making gold coins as currency by 1933, as countries switched from the gold standard due to hoarding during the worldwide economic crisis of the Great Depression. In the United States, 1933’s Executive Order 6102 forbade the hoarding of gold and was followed by a devaluation of the dollar relative to gold, although the United States did not completely uncouple the dollar from the value of gold until 1971.

Gold-colored coins have made a comeback in many currencies. However, “gold coin” always refers to a coin that is made of gold, and does not include coins made of manganese brass or other alloys. Furthermore, many countries continue to make legal tender gold coins, but these are primarily meant for collectors and investment purposes and are not meant for circulation.

Many factors determine the value of a gold coin, such as its rarity, age, condition and the number originally minted. Most gold coins minted since the late 19th century are worth slightly more than spot price, but many are worth significantly more. Gold coins coveted by collectors include the Aureus, Solidus and Spur Ryal.

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You’ll Get Excellent Value For Your Money When You Buy Foreign Coins From American Mint

When you browse our selection of foreign coins for sale online, you’ll quickly see that we offer these pieces at incredibly low prices it’s part of our ongoing mission to make collecting affordable for everyone. To order your foreign collectible coins, add the items to your shopping cart and complete the fast, secure checkout process.

Servilius Caepio Brutus Av Aureus $417 Million

With just four coins of its kind, one of which was found recently in a private collection and sold for $4.17 million.

Another two coins are with the British Museum and the fourth is in a Deutsche Bundesbank collection.

The coin commemorates the death of Julius Caesar, with his best-known assassin Brutus on one side and daggers on the other. Due to the significant history of the coin, its value will inevitably increase.

The Ummayad Dinar ranges back to 723 AD and is possibly the rarest coin in the world . With an inscription of Mine of the Commander of the Faithful on the face of the coin, this is one of the only coins of this kind:

Back in 2011, this foreign coins value reached a massive £3.7-million at auction. Another one of these coins was also sold in 2019, reaching a similar value of £3.72-million .

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The 723 Umayyad Gold Dinar

The 723 Umayyad gold dinar is one of the most prized Islamic coins, and it was struck from gold mined at a location owned by the caliph. The coin bears the marking mine of the commander of the faithful and its the first Islamic coin to mention a location in Saudi Arabia. About a dozen examples of the coin are in existence, according to experts.

In 2011, the coin fetched 3.7 million pounds at auction, the second-most expensive ever sold at auction. In 2019, another version of the coin was sold for the same amount in pounds, but the dollar value came to about $4.8 million.

Why Does Sri Lanka Appear Magnified On Ptolemys World Map

Why Buy Foreign Gold Coins?
Extract of the world map by Ptolemy

The image depicted here is an extract from the world map by Ptolemy who lived in 150 A.D in Rome.The map is drawn to considerably precise longitudinal and latitudinal coordinates. However, despite his accurate depiction of the Mediterranean, Europe and the Middle Eastern regions on the map Sri Lanka appears significantly over-sized. This is no coincidence. It illustrates the recognition Sri Lanka had in the eyes of the world before and during Ptolemys time. Although it is small in length and width, the world as a whole considered Sri Lanka to be of great worth.

In the past, Sri Lanka managed to garner the attention of the world partly due to the fact that it was uniquely placed at the center of the Silk Road that spanned from Far East Asia to Europe. It was also a doorway to entering the Overland Silk Road. Traders and explorers from the East and West would converge on this island. Sri Lanka functioned as a trading center for these travelers. There are Greek, Roman and Chinese texts that include a multitude of information that serve as testament to this.

These facts reveal the Economic history of Sri Lanka. Upon close inspection of the great irrigation projects of those times, it becomes clear that the disciplines of engineering and agriculture were highly developed in Sri Lanka. The island also had an efficient trading system in place.

Sri Lankas currency-use can be divided into following periods.

  • Anuradhapura Era
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    Coins Issued By The Central Bank Of Ceylon

    The notes issued by the British were used in Ceylon up to 1951 and the coins were used up to 1963. The first Sri Lankan coin series was introduced in 1963. The Emblem of Ceylon was introduced in the obverse of this coin series. This series consisted of coins in the denominations of:

    One cent
    Fifty cents
    One rupee

    Rupees 5 and Rupees 2 circulation coins were introduced in 1984 instead of the five rupee and two rupee notes.

    In 2005, the Central Bank issued a new series of circulation coins of Rs.5 and Rs.2 by changing their weight and alloy, while Re. 1, Cts 50 and Cts.25 coins were issued by changing the size, alloy, weight and colour. These new coins are circulating along with the previous issued coins.

    Eleven series of currency notes issued by the Central Bank of Sri Lanka since 1950 are as follows

    Theme

    Liberty Head V Nickel

    This coin is not quite as old as some on this list, but that doesnt stop it from being among the most valuable. In fact, its among the rarest coins around. The U.S. Mint struck the Liberty V Nickel from 1883 to 1913, but just a reputed five coins were minted in the final years vintage.

    Since the year 2000, specimens of the coin have hit the auction block a handful of times, and have fetched multiple millions of dollars. One version reportedly sold for $4.15 million in 2005 and then was flipped for $5 million in 2007. Another specimen hit the market for more than $3.7 million in 2010, while still another traded hands at a reported price of $3 to $4 million in 2018.

    If you cant find enough nickels to buy one yourself, you may be able to see one of the coins at a handful of museums, including the Smithsonian Institution.

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    The 1787 Brasher Doubloon

    The Brasher Doubloon was made by Ephraim Brasher, a New York City goldsmith and silversmith, in the late 18th Century. The front of the coin shows a state seal with a rising sun, while the reverse shows the American eagle with a shield. The coin is already rare, but certain versions of it have fetched a variety of prices, depending on their specific characteristics.

    A 2011 sale saw a version of the doubloon with Brashers signature EB on the breast go for nearly $7.4 million. A 2018 private sale of another doubloon with the signature EB on the birds wing went for more than $5 million, according to Coin World.

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    When the value of money exceeds its printed or minted price, so does its rarity, and demand.

    The most valuable foreign coins in the world have a sought-out history that rewinds hundreds of years and most often it is that history that drives interest.

    While the United States has several coins that are worth massive amounts of money, some foreign coins from around the world have equal and even greater value.

    Introduced back in 211 BC, the sestertius was a small silver coin which was issued only on rare occasions. The series of coins launched by Hadrian was the first to have a representation of the Britannia.

    King Charles II later brought this feature back on the United Kingdom coinage. However, after a cease in production during the 4th century, these coins became rare and of historical importance.

    The coin was last sold in December 2008 at a price of $1.65 million.

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    The 1794 Flowing Hair Silver Dollar

    The 1794 Flowing Hair Silver Dollar may sit atop the rankings of the most expensive coin ever sold, at least for now. Some experts believe that it was the first silver dollar struck by the U.S. Mint. The front features a profile of Lady Liberty with flowing hair, while the reverse shows an American eagle. Fewer than 1,800 of these coins were ever produced, and one expert puts the number of remaining coins at between 120 and 130, so its quite rare.

    The coin sold at auction for just over $10 million in 2013.

    Foreign Coins Vs Domestic Coins

    Simply put, the demand for domestic coins is typically larger. The demand for foreign gold coins isnt as high, possibly because you have to seek them out and do research. Theyre neither as popular nor as well-known as certain domestic coins, such as the Maple Leaf, the Philharmonic, or the American Eagle. That being said, they are still in demand. Indeed, among collectors and investors with an eye for gold, detailed designs, and variety, theyre extraordinarily valued and valuable.

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    How To Date Arabic Coins

    The Anno Hegirae system is used for dating Arabic coins. It was in 622 AD that Prophet Mohammed left for Medina. From this date onwards the lunar year was incorporated into the Islamic calendar. The formula used for converting dates from Anno Hegirae to Anno Domini is AD date = 0.97023 x AH + 621.57.

    Turkey Note: We Have An Excellent Selection Of Turkish Coins Both Pre

    Foreign Silver Coins, Mexican Gold, & More!!!

    2 Piastres, 1909-1918, 1327 , KM-749, “Reshat” Unc. 25.00

    2 Piastres, 1909-1918, 1327 , KM-749, “Reshat” AU dark tone. $10.00

    10 Paras, 1336 , Muhammad V, KM-760, Type coin: VF 1.00, XF $3.50, BU $13.00

    40 Paras, 1336 , Muhammad VI, KM-828, F-VF, $3.00

    2 1/2 Lira, 1960, KM- 893.1, Steel, Choice BU, $6.50

    25 Kurus, 1948, KM-886, Unc., $1.50

    1 Lira 1957, KM-889 BU, $2.50

    2 1/2 Lira 1960, KM-893.1, nice BU, $6.50

    150 Lira, silver, F.A.O. issue, 1979 KM-929.1, UNC. , $12.00x

    10 Crowns, Proof 1975, Spacecrafts, KM-7, $18.00

    20 Crowns, Proof, 1974, Churchill, KM-2, only 8,400 minted, toned, $20.00

    20 Crowns, silver Proof 1975 Age of Exploration, just 2,769 minted, KM-8, $25.00

    20 Crowns, silver BU 1976 silver Victoria, KM-14, $25.00

    20 Crown silver, Victoria Portraits, KM-14, 1977 proof, just 1934 minted, $30.00

    25 Crowns 1977 Gold proof in case, 0.0723 oz. AGW, KM-9.2, $110.00

    25 Crowns 1977 Proof silver, KM-19, $25.00

    50 Crowns 1976 BU Victoria Portraits, KM-16, silver, Matte, lovely coin, $40.00

    100 Crowns, Gold, 1976, Victoria Portraits in case, KM-17, UNC., 0.2896 oz. AGW, Only 250 minted, $425.00n

    Proof set 1976, in case, PS3, 2,185 minted, $136.00

    Proof Set 1977, , PS6, small mintage, $136.00

    Proof Set 1977 PS8, silver including KM-14 large 20 crowns 1.1509 oz. ASW, scarce, $115.00x

    Proof Set 1976 PS1 in plastic case, $16.00

    1976 Unc. Set, 1 cent to $1.00 , $15.00x

    Silver Crown, Tala, OLYMPIC GAMES, Proof, 1976 KM-22a, 6,000 minted, $ 13.00

    GENERAL INFORMATION:

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    Order Information Fir Coins And Sets:

    Postage, insurance, and handling $5.00, somewhat more on heavier, larger Sets, also add $1 for each set over 3. All coins guaranteed genuine, with 10 days unquestioned return privilege in original condition and in unopened cases.

    Payment with order. All personal checks must clear on U.S. banks, or money order with U.S. funds. Canadian and overseas please add additional min. $8.00 for registry, plus costs for requested air delivery etc. at buyer’s risk. D.C. residents please add sales tax. Alternative choices appreciated. You may Fax or E-Mail your order reservation. All coins subject to being sold and market price changes. We cannot be responsible for typographical errors. Note: from time to time we are traveling and there may be a slight delay with communications or shipping.

    Ducats Of Sigismund Iii Vasa $216 Million

    Between the 16th and 17th century, there was a prolonged war between the Polish and Ottoman army. Even though there was no clear winner, the Polish lost comparatively lesser soldiers during the period and were effective in stopping the expansion of Islam into Christian countries.

    To celebrate the victory, the then king Sigismund III announced the minting of 100-ducats gold coins. The coin was recently sold in January 2018 for $2.16 million. The date 1621 is punched on the coins with a picture of the King embossed on one side.

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    Numismatic Vs Intrinsic Value Of Coins

    One of the questions that we get asked the most is: Are my coins worth more for their gold or silver value, or are they worth more as a coin? The truth is, a lot of the coins that we see are worth just for their current intrinsic metal value, however we do check every coin to ensure that we can pay you the true value of the coin. If you have a rare coin we can pay you more for that coin since it is special. The things we look for in evaluating rare coins are:

    • Where was it minted?

    • What condition is the coin in?

    • Is the coin graded by a third-party coin grading service or not?

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