Gold has an allure that transcends time. As a symbol of wealth, power, and prestige, gold has been coveted throughout history. Especially in the current market where many are monitoring the gold price today, gold coins, particularly those from Canada, have been admired for their artistry and historical significance.
For thousands of years, gold has been valued by humanity for its beauty and scarcity. The first known use of gold as currency dates to around 700 B.C., when the first coins were produced by the merchants of Lydia, an Iron Age kingdom of Western Asia Minor. Made from a mixture of gold and silver known as electrum, these coins were simple lumps that had been stamped to identify them as currency.
Whether it’s exchanged as money, turned into jewellery, or used in modern electrical and technology applications, gold has remained a highly sought-after precious metal. Today, people are again turning to gold as an investment, but what makes gold so important and is it worth buying?
Are you wanting to sell your gold items for cash? Well, you are not alone. There are many people looking to make some extra money from their unwanted jewellery or coins. If you are planning on selling your precious items, but aren’t sure where to start, this guide will help walk you through the process of selling your gold for cash online and “near me” in 2023.
Gold can be kept in a variety of forms. Gold of high purity is often kept in the form of bars, but may also be found as ingots and coins. Gold that is officially recognized as being at least 99.5% pure is referred to as bullion, which can be cast into any of these shapes, making it convenient to carry, transfer, or even stack.
When gold ore is mined from the earth, it is a mix of gold and mineralized rock. Using extreme heat or chemicals, the gold is extracted from the ore, creating the bullion. Bullion is often held as reserves by governments and central banks or held by institutionalized investors.
A mint is a company that will mint, pour, or cast precious metals, including gold. Some will say that gold is gold, regardless of where it originates or where it is minted, but for some collectors, the mint does hold importance and, sometimes, it can be quite significant.
Here are some of the mints and manufacturers who produce investment-grade bullion:
I have run Canada Gold, a precious metal dealer with seven locations across the country, for the past three years. While I am not an expert financial analyst, I have been a keen observer of movements in gold prices and their causes. I studied economics at Queen’s University and wrote an undergraduate thesis on the determinants of gold price.