Introductory Information About Italian Gold Coins

Gold is precious and rare and for this reason

, it has always recognized as a form of wealth. In its pure form, gold is very soft. This quality makes it necessary to combine gold with another base metal in a chemical reaction to create an alloy. Copper is the metal that generallyworks as the base metal although the use of other metals including silver is possible.

Since the gold alloys have greater strength and are precious because of their gold content, through out history they have been utilized as coinage metal. Since the very start of coin formation, gold has enjoyed a place of preference as a coinage metal as opposed to other metals.

For a long time, Italy was a country that had many ruling entities because of the different kinds of coins used as money in the country. However, the gold coins that were in common use were the "fiorino d'oro" belonging to the republic of Florence. These gold coins were thought to be the initial European coins made and used frequently.

The creation of first gold coin in Italy as historical estimates show was in the year 1252. The gold coin had a 3.5 gram gold concentration approximately. Many other gold coins whose utilization was popular in Italy aside from fiorino d'oro were the scudo d'oro, ducat as well as the sovranos.

The Lira is the currency that Italy commenced using in 1861 but it is now a collector's coin. This is because of the introduction of the Euro in 2000 as the currency in Italy, which the country continues to use.

Italian gold coins are now considered a collector's item and people buy and sell the coins. Coin investors consider Italian gold coins a safe form of investment because of the rise in the price of gold. Older coins are larger and have more gold content and this raises their price. Smaller coins have lower gold content and cost less.

There are a lot of Italian gold coins for sale even now. The average cost of the gold coins dating back to before the 1900's can be safely quoted as over 2000 Euros, while post-dating 1900s have an average cost of 1500 Euros.

Italian craftsmen of gold duplicate gold coins and make jewelry artistically and cost effectively. They combine style with the traditions and qualities that have existed long in their heritage. It is now possible to find gold coin cufflinks, necklaces, earrings, pendants, tiepins as well as bracelets.

The cost of these gold coin items begin at two hundred dollars and get more expensive than that depending on how much gold they possess and their design. These exquisitely crafted items remind people of Italian history in a good way.

by: Fabio DeMartino

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