History of Gold Coins Throughout the Ages: Part III

All in all by the year of 1081 most of gold coins content was only 250 Fine or what most people know as only 6 karats. But as time went on it was the Emperor by the name of Comenus that restored faith and a good name to the distribution of gold coins by manufacturing gold coins in 1092 with making coins that consisted of 4.4 grams and became to be more commonly known as hyperpyron. It however these type of gold coins never caught on as much and was not able to gain as much prestige as the Bezant, it was difficult for some of them to sell gold at this time and also due to the type.

These gold coins were decorated with elegant Arabic script since the law of Islam forbids the depiction of human images.  As time went on by the 1200’s due to major trade and prosperity in Italy, the Islamic World reaped the benefit and the Islamic World saw more manufacturing of gold and silver coins.  But by the year of 1284 Venice took hold of the reigns as the main provider and marketer of gold coins. These gold coins consisted of being 3.55 grams and all on all these gold coins were the main symbol of power and authority for over the next 500 years and then some which was mostly accepted since the time of the Romans aureus and solidus gold coins.

It seemed at this point that the supply of gold took flight and distribution after the1300 by new gold mines in the land of Hungary. Not to much longer after this all of Europe seemed to be making solid gold coins, but who was producing the most? It was France at that time it also included scrap gold as well The king of France had gold mints that were producing 10 tonnes (350,000 troy oz) of gold coins from the years of 1338-1339. If you want to get a glimpse of these gold coins they can be seen at the British Museum in London and it houses at least 25 types of gold coins from that era from European lands and the surrounding cities states which minted coins from the 13^th and 14^th centuries. Things pretty much stayed the same up until the year 1500 which saw more gold going in the direction directly from the West Africa to European Nations and now by this point to some areas in the American lands.  But before this the Nation of Portugal issued the Cruzado gold coin in 1457 which happened to have been made of the African Gold that we spoke of earlier. In Europe, Henry the VII minted the very first sovereign gold coins which consisted of 15.55 grams of gold.

As the transformations continued in the realm of gold coin production much of the gold that was left over was turned into Spanish gold crowns that were later exported out to England and the Netherlands and then gold coins to Genoa and Venice. It terms of South American gold productions; it was very limited in comparison to the mass influx of silver and gold that was occurring in Europe. At this time, England was trying to restore the prestige of gold in their territory in 1558 with Queen Elizabeth launching a massive distribution of gold coins, but they were usually below 300 kilograms.  Gold coins made the most significant rise after the gold discoveries in the South American nation of Brazil and after 1690 gold coins replaced the silver coins as the main currency; these coins were known as the guinea gold coin. Again, as we have now closed this series, this is enough information for you to prompt you to sell your gold. If you want to know how to sell your gold all you have to do is request and gold pack and you can be well on your way to creating your own gold history.

*There are many everyday changes going on the world of gold transactions and purchases. To learn more about the current price of gold in the modern day world visit: http://cashforgoldusa.com