The interesting and valuable gold coin was sold on Ebay yesterday. Its a 1799 Draped bust $10 with small stars. This rare coin was sold for US $16,350.01. Collectors were made 24 bids from 13 accounts.

As we know, the eagle, or ten-dollar gold piece, was the highest denomination authorized under the original Mint Act of 1792. This was a very large amount of money at the time, and it was anticipated that only bankers and those engaged in international trade would likely use such coins.

U. S. Mint Engraver Robert Scot created the Draped Bust of Liberty that graced this denomination from 1795 through 1804, excepting that no pieces were coined with the date 1802. His Small Eagle reverse, in which the national bird clutches a wreath in its beak and a palm branch in its talons, was used for less than two years. In 1797, it was transitional with the new Heraldic Eagle reverse. This is an adaptation of the Great Seal of the United States of America, in which the eagle grasps in its beak a banner inscribed E PLURIBUS UNUM while its claws hold, respectively, a bundle or arrows and an olive branch.

Gold coins were one of the oldest forms of money. This was later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design was the Liberty Head bust but this was only made until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 when the Great Depression began. This prompted the recall of gold coins which makes them very difficult to find today.

Since these are no longer in circulation, the price for one of this rare commodity is quite high. Gold is now used for other things such as jewelry or bars that people retain as an investment.

South Africa minted its first gold coin called the Krugerrand in 1967. This coin has no face value but merely stands as a symbol. It is made of 1 ounce of gold and can be purchased for investment purposes.

Since then other countries also minted bullion coins. Canada made the Gold Maple Leaf in 1979 and Australia made the Nugget in 1981. These two are much more popular than the South African coin because of its 24 carat purity.

A lot of people retain gold today as an investment because they speculate that the demand will cause its market value to increase. Others hold it as a form of insurance should the financial situation become worse. There was a point in time when the more paper money that was made, the higher the price of gold which maintained gold and cash as equal value. After this standard ended in 1971, this enabled government to produce more paper currency without increasing the price of gold.

The interesting gold coin was sold a couple of day ago. Its a 1803/2 $5 GOLD Capped Bust Half Eagle CHOICE AU+++. Winning bid: US $7,600.01. The auction was hot – 14 bidders and 39 bids.

The 1907 High Relief $20 Saint Gaudens in uncirculated condition was sold on Ebay a couple of days ago. Winning bid: US $8,900.00.

Description:

Here is a eye-catching 1907 Roman Numerals High Relief Saint Gaudens $20.00 gold, a coin with needle-sharp detail. This is the wire rim variety. While this pleasing piece shows no wear, it is not suitable for standard grading. The coin has wiped off with a cloth making its surfaces a little “too bright,” and leaving nominal cloth lines.

The St. Gaudens Double Eagle is twenty dollar gold coin, or Double Eagle, produced by the United States Mint from 1907–1933. The Saint-Gaudens $20 Double Eagle is certainly one of the most beautiful, popular, and widely recognized of all the world’s gold coins. The St. Gaudens is named after its designer, the sculptor Augustus St. Gaudens, who designed the obverse and reverse. St. Gaudens’ mark appears on the obverse of the coin under the date. The last gold piece struck by the U.S. government for regular issue, it will forever remain a symbol of the emerging greatness of the United States in the 20th Century.

The perfect 1879 $20 Gold Liberty coin was sold for $5,154.54. There are 11 bidders and 30 bids.

Original. This auction features a $20 Gold Liberty Coin dated 1879 CC in a NGC XF40 that is original ! Graded by NGC as XF40, #3269692-003

The Australian coin collector has realized yesterday a golden 1918 year Perth George’s V Half Sovereign. The new owner will pay approximately US $6,338.78 for this lot.

Seller says: “Very rare Australian coin and excellent condition. Purchased 16 years ago and locked away in safe since. Downies Graded a/uncirculated. Said to be only approx 400 of these coins in circulation.”