Numismatic gold coins ‘are worth more than face value’
People wondering what the differences between numismatic gold coins and bullion are have been helped by one expert.
Guy Zona, a precious metals dealer, wrote for the Daily News Journal that numismatic coins are those that were used as currency prior to the 1930s and may have been used in circulation.
These often sell for more than their face value, with condition affecting how much more the coin will go for when sold at auction - high-end brilliant gold coins which have been uncirculated will win the best prices, Mr Zona said.
Bullion coins are those made of pure gold and sold directly by the government.
Value is based on the weight of the coin and they often sell for a small percentage over their melt value, it was explained.
Numismaster recently noted the role that William Woodin may have played in protecting gold coins minted before 1933, as the keen collector was US Treasury secretary when Franklin Delano Roosevelt issued a recall of the commodity.
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