Four types of gold and silver coins and their functions

Gold and silver coin investment is an important way of investing in gold. At present, there are four main types of gold and silver coins in the world, and their functions are also different.

1. Gold and silver circulation currency Gold and silver circulation currency refers to gold and silver coins used as a means of circulation.

Almost every country, especially the ancient civilizations, used gold and silver in the development of its currency materials. At that time, the value of the currency was determined by the weight of gold and silver, so some currency names are actually weight names. Most of them have already withdrawn from circulation, but some countries still have a small amount of gold and silver coins.

2. Gold and silver commemorative coins Gold and silver commemorative coins refer to gold and silver coins mainly used as commemorative means.

Commemorative coins are issued in limited quantities. The face value is only symbolic. The design and craftsmanship are more stressful. The price is generally much higher than the actual price of the precious metal itself.

3. Gold and silver trade coins Gold and silver trade coins refer to gold and silver coins (also known as hard currency) that are used exclusively as an international means of trade payment.

It was mainly used during the colonial period of imperialism in 1850~1940. It can have a face value or weight, but it emphasizes its actual precious metal content.

4. Pure gold and silver coins Pure gold and silver coins refer to gold and silver coins that are mainly used as storage means.

Pure gold and silver coins are also known as gold and silver ingots. In general, pure gold and silver coins are a means of storage, and gold and silver commemorative coins are used to satisfy people's collection needs.

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