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<p>[QUOTE="fatima, post: 968468, member: 22143"]Actually this isn't the case for gold coins. Historically almost all gold coins were made with 22 carat gold as the alloy with copper/silver or just copper, makes the coin hard enough to use for commerce. 24 carat gold coins could not be used for trade as the gold is so soft the coin would be easily damaged. It's the same reason that gold jewelry is almost never 24K gold. This is the same for international and domestic coins. The only significant difference would be with the alloy materials. </p><p><br /></p><p>In modern times one of the most internationally accepted and well known coins, The Krugerrand, is 22 carat gold. It was really the first modern bullion coin and when the US Mint started making Eagles in '86 it used the old formula for crown gold that was found in US coins in the up until some time in the late 1800s. (they switched to all copper until gold was made illegal to own in 1933) Another, very long running bullion coin, the British Sovereign is also 22 carat. I believe it was the Canadian mint that came up with the first 24 carat gold coin that was generally available in modern times. It was introduced by that mint in the late 70s to compete against the Krugerrand and the the Canadian mint with with 24K gold to distinguish it from the 22 carat Krugerrand. </p><p><br /></p><p>For a long time this was the only 24K coin but other mints came out with competing coins. i.e. The Buffalo, The Panda, etc. IMO, if you are talking about these coins from strictly a bullion basis, then it it won't make any difference in the price that you will get when you sell it. A 22 carat coin is just as valuable as a 24 carat one. You may see a numismatic difference, but that really has more to do with the rarity of the coin and/or aesthetic qualities.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 968468, member: 22143"]Actually this isn't the case for gold coins. Historically almost all gold coins were made with 22 carat gold as the alloy with copper/silver or just copper, makes the coin hard enough to use for commerce. 24 carat gold coins could not be used for trade as the gold is so soft the coin would be easily damaged. It's the same reason that gold jewelry is almost never 24K gold. This is the same for international and domestic coins. The only significant difference would be with the alloy materials. In modern times one of the most internationally accepted and well known coins, The Krugerrand, is 22 carat gold. It was really the first modern bullion coin and when the US Mint started making Eagles in '86 it used the old formula for crown gold that was found in US coins in the up until some time in the late 1800s. (they switched to all copper until gold was made illegal to own in 1933) Another, very long running bullion coin, the British Sovereign is also 22 carat. I believe it was the Canadian mint that came up with the first 24 carat gold coin that was generally available in modern times. It was introduced by that mint in the late 70s to compete against the Krugerrand and the the Canadian mint with with 24K gold to distinguish it from the 22 carat Krugerrand. For a long time this was the only 24K coin but other mints came out with competing coins. i.e. The Buffalo, The Panda, etc. IMO, if you are talking about these coins from strictly a bullion basis, then it it won't make any difference in the price that you will get when you sell it. A 22 carat coin is just as valuable as a 24 carat one. You may see a numismatic difference, but that really has more to do with the rarity of the coin and/or aesthetic qualities.[/QUOTE]
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