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The usual benchmark for the price of gold is known as the London Gold Fixing, a twice-daily (telephone) meeting of representatives from five bullion-trading firms. Furthermore, there is active gold trading based on the intra-day spot price, derived from gold-trading markets around the world as they open and close throughout the day
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The South African Kruggerand gold coins are the world's first gold bullion coin minted for investment, the Krugerrand is believed to be the most widely owned bullion coin in the world. The Krugerrand's obverse, designed by O. Schultz, features the first President of the South African Republic, Paul Kruger. Due to Kruger's relationship with Apartheid, these coins are the least expensive of all the major gold bullion coins. Kruger is surrounded by the name of his nation in Afrikaans and English, two of South Africa's eleven official languages: SUID-AFRIKA � SOUTH AFRICA
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Given that gold is denser than almost all other metals, whether something is made of gold is extremely hard to fake. Simple determination of weight and volume should be sufficent. A coin that is the right size but is not gold, or has too much base metal, will be "light"; alternately, a coin that weighs right will be somewhat larger. (Platinum is unknown in ancient times; platinum is denser than gold, but since it is about twice as expensive, making a fake coin out of platinum would make no sense. In theory, fake coins could be made of uranium, but this does not appear to be a practical problem.)
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Remember, collectors may want old coins, but they expect those coins to look old. The toning and discoloration on most coins adds to their value. Not cleaning filthy coins may detract a little from their value, but poorly cleaning them can result in a permanent loss of most of it.
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1972 silver dollars worth Stories
Odyssey Discovers Two More Shipwreck Sites
Fri, 07 Nov 2008 21:35:53 +0000
Odyssey Marine Exploration has discovered two more shipwrecks in the north Atlantic Ocean, the company announced this week. The Florida-based underwater salvage company filed admiralty claims for exclusive salvage rights in Tampa federal court Wednesday and released a public statement Friday.
According to Odyssey, the two shipwrecks are steel-hulled, and as yet unidentified. ...]
Harmony confirms 80% of poweriAfrica.com, South Africa - 15 minutes agoHarmony Gold Mining confirmed that it was allocated a further five percent electricity supply on Tuesday following meetings with South African power utility ...HMYUpd
Wed, 30 Jan 2008 12:49:26 +0100
The Times, South Africa -By noon, the JSEA
s broader all share index had collected 1.1%, led by a 2.52% advance in the gold mining index. Resources were up 2.06% and the platinum ...
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To Hussein or not to Hussein? Facebookers duke it out - Los Angeles Times Blogs
Sat, 01 Nov 2008 00:51:00 GMT
It all started as a way to prove solidarity with Barack Obama and take a stand against people who associated the presidential candidate with terrorists because of his middle name ...
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