Which 1oz. gold coin has world-wide cash value?
More specifically, if the American dollar is not recognize as the “World Currency” anymore.
Which 1oz. gold coin would be accepted as cash value world-wide? Foreign gold such as the
Krugerrands or something else? I’m not expecting the American dollar to decline anytime
soon BUT with the Govt. fiscal policies along with the predictions of some states and cities going
bankrupt in the coming year or years I would like to know which gold coin is recognize world-wide
for it easy cash value exchange.
Krugerrands and other government issued pure gold coins are interchangeable pretty much anywhere through coin dealers. Banks generally do NOT honor gold coins as currency. What makes coins a good thing to hold is they are certified purity and quantity. Coins are extremely difficult to fake because they are “struck” by squeezing the coin blank into a mold to form the surface effects. This gives the metal a very unique property, “ringing”. Coins “ring” when you bounce them off a hard surface like a table top. There are some coins which do not ring because of the base metal used in making the coin, the American penny, for example, since 1982, is copper plated zinc. Zinc is too soft a metal to ring like a quarter will. Only hard alloys will ring when struck into coins. Pennies before 1982 were a copper-nickel alloy which DID ring. Anyway, beware of “collector” gold coins. In the fine print it is revealed they are only PLATED with pure gold, not MADE of pure gold! Just remember, most real gold coins are NOT honored as currency, but collectors items traded by dealers in coins.
Buying Krugerrand Gold Bullion Coins
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