What were the last gold coins in active circulation?
I don't mean commemorative coins where the bullion value exceeded the face value, and I don't mean gold coins that were minted in small numbers for collectors that were technically legal tender but very rare in circulation, and I don't mean gold coins that existed only to facilitate cash transfers within banks (if that was ever a thing and they didn't just use banknotes).
And to add a more specific variation on this question, did the UK 1/2 sovereign and 1 pound sovereign coins circulate freely in everyday commerce? If you went to Harrods in 1905 to buy a comfy chair, might you actually pay with a gold sovereign or two?
引用する: "Jesse11"And to add a more specific variation on this question, did the UK 1/2 sovereign and 1 pound sovereign coins circulate freely in everyday commerce? If you went to Harrods in 1905 to buy a comfy chair, might you actually pay with a gold sovereign or two?
Paying with gold wasn't anything special back in early 20th century europe, it was rare because not that many people could ever had such a large amount of money.
You don't see 500 euro notes or singaporean 10,000 dollar notes in circulation very often for the same reason.
引用する: "Hopeakettu"You don't see 500 euro notes in circulation very often for the same reason.
The main reason you seldom see 500 euro notes is because there are not many places where these still will be accepted. Even the big supermarket chains don't accept it because they are afraid of forgeries.
It's not because the Numista coin page doesn't say it is a "non circulating issue" that this coin effectively circulated. We all know there are a lot of mistakes in Krause nowadays, but we have to assume there are also mistakes in our catalog and maybe this is one of them.
Of course I can't know it for sure but it's really hard to believe a gold coin with a weight of more than 81 grams and a diameter of almost 50 mm would actually have been circulated.
Besides, when a coin (gold or not) actually circulates, it's the face value that counts, and not the value of the metal it's made of. At the end of the '70's when this coin was issued 1 pahlavi was 100 rial, so this coin of 10 pahlavi was 1,000 rial. Of course now we are in 2016, but now 1,000 rial is only worth 0.029 € (less than 3 euro cents) while the bullion value of the 10 pahlavi coin is now 2,842.38 €. Hard to believe 37 years earlier the bullion value would have matched the face value. So in my opinion, this coin never circulated.
Maybe some Iranian members can confirm it (or not)?
By the way, while I was looking at the Iranian coins, this section of the catalog is still a mess. Look at the "Pahlavi Dynasty" (beginning at the bottom of page 5 and page 6). These coins aren't sorted out by denomination at all. For instance at the top of page 6: first a few 2500 dinar, then a few 25 dinar, then a few 5000 dinar, next some 50 dinar, then a few 1 pahlavi (= 100 rial), next 1 rial....
We still have a lot of work to do but of course this takes time and the catalog is improving daily.
The last gold coins disappeared from circulation when during the Great Depression countries abandoned the gold standard as a basis of their financial system. In Europe (Britain, Germany, Austria) this happened in 1931, in the US in 1934, other countries somewhere in between.
I remember reading that in South Africa gold coins continued to circulate freely in early 1932, after they were discontinued in Britain. As a result, many British travelers brought bags full of their silver coins (which were also legal tender in South Africa until 1939), exchanged them for gold coins in South Africa and departed with gold coins to Britain where they cost more than "equal" amount in silver coinage. South Africa had therefore to remove gold coins from circulation in 1932 in order to save its financial system from such widespread robbery.
Later than say 1935 "circulation" gold coins issued in many countries are in fact bullion gold intended not for circulation, but for saving, accumulation of gold. They are collected of course by coin collectors, the same way as we collect brass, bronze and silver coins, but if ever used for payments (outside collector world), later gold coins are traded as metal by weight and fineness, without consideration of their denomination.
I collect coins and tokens which circulated in Africa from 18th century to 2000. I sell about 7000 illustrated world coins from http://www.avscoins.com.
引用する: "Hopeakettu"You don't see 500 euro notes in circulation very often for the same reason.
The main reason you seldom see 500 euro notes is because there are not many places where these still will be accepted. Even the big supermarket chains don't accept it because they are afraid of forgeries.
Depends on the country, here in finland you can buy a lollipop with a 500 euro note if the supermarket has enough change which they always do unless it's a very small shop.
They check every banknote one by one to see if they're authentic even in regular-sized supermarkets.
It's not because the Numista coin page doesn't say it is a "non circulating issue" that this coin effectively circulated. We all know there are a lot of mistakes in Krause nowadays, but we have to assume there are also mistakes in our catalog and maybe this is one of them.
Of course I can't know it for sure but it's really hard to believe a gold coin with a weight of more than 81 grams and a diameter of almost 50 mm would actually have been circulated.
Besides, when a coin (gold or not) actually circulates, it's the face value that counts, and not the value of the metal it's made of. At the end of the '70's when this coin was issued 1 pahlavi was 100 rial, so this coin of 10 pahlavi was 1,000 rial. Of course now we are in 2016, but now 1,000 rial is only worth 0.029 € (less than 3 euro cents) while the bullion value of the 10 pahlavi coin is now 2,842.38 €. Hard to believe 37 years earlier the bullion value would have matched the face value. So in my opinion, this coin never circulated.
Maybe some Iranian members can confirm it (or not)?
By the way, while I was looking at the Iranian coins, this section of the catalog is still a mess. Look at the "Pahlavi Dynasty" (beginning at the bottom of page 5 and page 6). These coins aren't sorted out by denomination at all. For instance at the top of page 6: first a few 2500 dinar, then a few 25 dinar, then a few 5000 dinar, next some 50 dinar, then a few 1 pahlavi (= 100 rial), next 1 rial....
We still have a lot of work to do but of course this takes time and the catalog is improving daily.
引用する: "Hopeakettu"Depends on the country, here in finland you can buy a lollipop with a 500 euro note if the supermarket has enough change which they always do unless it's a very small shop.
They check every banknote one by one to see if they're authentic even in regular-sized supermarkets.
Of course I can only speak for my own country (Belgium) and here it's not easy to get rid of a 500 euro note. I never had a problem at coin fairs or in my gas station, but in supermarkets they are not allowed.
It won't be a problem anymore in the future. The 500 euro notes will be taken out of circulation in 2018 without replacing so the 200 euro note will be the highest note. No worries, the 500 euro notes stay valid for life but all the notes arriving at a Bank will never see circulation again.
Hmmm, I can't follow. I was talking about that 1978-1979 gold coin from Iran and a possible enormous inflation between 1979 and 2016 in that country and then you provide some links about Saudi Arabia and the situation there, mainly in the 1950's?
I guess the post from "Andrey" on 3-Aug-2016, 04:11AM, makes a lot of sense.
It's not because the Numista coin page doesn't say it is a "non circulating issue" that this coin effectively circulated. We all know there are a lot of mistakes in Krause nowadays, but we have to assume there are also mistakes in our catalog and maybe this is one of them.
Of course I can't know it for sure but it's really hard to believe a gold coin with a weight of more than 81 grams and a diameter of almost 50 mm would actually have been circulated.
Besides, when a coin (gold or not) actually circulates, it's the face value that counts, and not the value of the metal it's made of. At the end of the '70's when this coin was issued 1 pahlavi was 100 rial, so this coin of 10 pahlavi was 1,000 rial. Of course now we are in 2016, but now 1,000 rial is only worth 0.029 € (less than 3 euro cents) while the bullion value of the 10 pahlavi coin is now 2,842.38 €. Hard to believe 37 years earlier the bullion value would have matched the face value. So in my opinion, this coin never circulated.
Maybe some Iranian members can confirm it (or not)?
By the way, while I was looking at the Iranian coins, this section of the catalog is still a mess. Look at the "Pahlavi Dynasty" (beginning at the bottom of page 5 and page 6). These coins aren't sorted out by denomination at all. For instance at the top of page 6: first a few 2500 dinar, then a few 25 dinar, then a few 5000 dinar, next some 50 dinar, then a few 1 pahlavi (= 100 rial), next 1 rial....
We still have a lot of work to do but of course this takes time and the catalog is improving daily.
HI everyone
Regarding the Iranian coinage, I try to give help mrfane (https://en.numista.com/echanges/profil.php?id=44722) to catalog the best of this section.
I tried to divide the coinage for the dynasty, it seemed the right thing.
however for confirmation of the circulation or not a coin, if you have doubts, mrfane will give you a concrete answer.
引用する: "simoneo80"Regarding the Iranian coinage, I tried to divide the coinage for the dynasty, it seemed the right thing.
Hi Simoneo80, no problem with dividing the coinage per dynasty. But within the dynasty, the coinage should be sorted by denomination, like it is in every other country.
I believe Iran isn't the most easy country to sort, so I suppose it's still a work in progress and I'm a patient man but sooner or later this country also should be sorted correctly.
引用する: "simoneo80"Regarding the Iranian coinage, I tried to divide the coinage for the dynasty, it seemed the right thing.
Hi Simoneo80, no problem with dividing the coinage per dynasty. But within the dynasty, the coinage should be sorted by denomination, like it is in every other country.
I believe Iran isn't the most easy country to sort, so I suppose it's still a work in progress and I'm a patient man but sooner or later this country also should be sorted correctly.
all possible help and new ideas on how to categorize this section, are welcome
It's not because the Numista coin page doesn't say it is a "non circulating issue" that this coin effectively circulated. We all know there are a lot of mistakes in Krause nowadays, but we have to assume there are also mistakes in our catalog and maybe this is one of them.
Definitely. I'm not really sure what counts as a "non-circulating issue", anyway.
(And the Chile 20 pesos type sounds like it was made for circulation once in 1926, and then again with the same specifications for bullion decades later - and the Numista page doesn't distinguish between the two versions. I'm pretty sure there were other types like that as well; the Soviet chervonets comes to mind - though the 1923 version didn't really circulate either.)
引用する: "Essor Prof"Of course I can't know it for sure but it's really hard to believe a gold coin with a weight of more than 81 grams and a diameter of almost 50 mm would actually have been circulated.
Besides, when a coin (gold or not) actually circulates, it's the face value that counts, and not the value of the metal it's made of. At the end of the '70's when this coin was issued 1 pahlavi was 100 rial, so this coin of 10 pahlavi was 1,000 rial. Of course now we are in 2016, but now 1,000 rial is only worth 0.029 € (less than 3 euro cents) while the bullion value of the 10 pahlavi coin is now 2,842.38 €. Hard to believe 37 years earlier the bullion value would have matched the face value. So in my opinion, this coin never circulated.
Maybe some Iranian members can confirm it (or not)?
Bullion value of gold rose a lot between the 1970s and today, while the Iranian rial took a lot of heavy inflation, so it's not that unlikely.
As far as I understand, the late 1970s gold pahlavi was actually 1000 rials, which would technically fit the bullion value fairly closely. In practice, I'm pretty sure those coins stopped actually circulating a lot earlier.
引用する: "Essor Prof"By the way, while I was looking at the Iranian coins, this section of the catalog is still a mess. Look at the "Pahlavi Dynasty" (beginning at the bottom of page 5 and page 6). These coins aren't sorted out by denomination at all. For instance at the top of page 6: first a few 2500 dinar, then a few 25 dinar, then a few 5000 dinar, next some 50 dinar, then a few 1 pahlavi (= 100 rial), next 1 rial....
We still have a lot of work to do but of course this takes time and the catalog is improving daily.
I guess it's because the underlying values are all in one currency, but the people entering the coins don't know that and enter them in different currencies.
The specific examples you give look like a rial is 100 dinars, and the underlying values are supposed to be in dinars but are sometimes entered in rials. I don't know enough to tell if that's actually the case (and I think it's actually 1000 dinars per rial, in which case I don't know what's going on at all).
引用する: "January First-of-May"As far as I understand, the late 1970s gold pahlavi was actually 1000 rials.
The specific examples you give look like a rial is 100 dinars, and the underlying values are supposed to be in dinars but are sometimes entered in rials. I don't know enough to tell if that's actually the case (and I think it's actually 1000 dinars per rial).
The relation Pahlavi - Rial is more difficult than I (or we) thought:
- The Law of 18 March 1930 fixed the gold Pahlavi at 20 Rial.
- The Law of 20 March 1932 divided the Pahlavi into 100 Rial instead of 20.
- Since 1937 gold has been allowed to float and the Pahlavi is quoted daily in Riyal in the marketplace.
However the catalog "Current Coins of the World, 6th editon (1974)" by R.S.Yeoman still stated "100 Rial = 1 Pahlavi" (page 137).
Anyway, a floating Pahlavi course makes it more difficult to sort our catalog by denomination. Where do you have to put Pahlavi coins between Riyal coins when the course is constantly changing? And I have no doubt that over the years this change was significant (with a bullion price going up and a Rial due to inflation going down).
Concerning the rate of the dinar:
Monetary system (from 1932 to date):
5 Dinars = 1 Shahi
20 Shahis = 1 Rial
Having a look at the traditionally 'hard currency' countries:
Switzerland: 20 Franken, last gold issue in 1949 with 10 million minted. https://en.numista.com/catalogue/pieces7497.html
Switzerland was the last country upholding the gold standard in what used to be the Latin monetary union.
I'm not sure the post WW-II 20 franken gold coins effectively circulated, despite their high mintage.
Thanks, Gwyde, those are interesting, with high enough mintage that I would believe they were intended to circulate. And how much do you think you could buy with 10 gulden in 1933? I assume gold has gone up relatively to actual goods since then; in other words, I presume 10 gulden didn't have the buying power of $265 today.
Just trying to get a historical sense for the kinds of purchases where people would actually pay with gold coins.
A UK inflation calculator suggests that 1 gold sovereign (i.e., £1) in 1925 had the buying power of £51 today, but that same gold sovereign has a bullion value of £245 right now. So I guess gold was not nearly as expensive back then, relatively speaking.
引用する: "Jesse11"A UK inflation calculator suggests that 1 gold sovereign (i.e., £1) in 1925 had the buying power of £51 today, but that same gold sovereign has a bullion value of £245 right now. So I guess gold was not nearly as expensive back then, relatively speaking.
Even in 1979 gold wasn't worth nearly as much as it is today
It's not an easy question: most of our industrial products were not around in 1933 and many commodities are mainly used by industry, not by the consumer. Got the price of a loaf of bread in the 1930's in the Netherlands:
The 10 guilders would buy you 63 loafs of bread with 2 cents of change left.
At the other hand, regular wages in industry would be around 25 cents per hour or 2 guilders per day. One week per year of paid holidays were only introduced in the late 1930's.
There's still plenty of archives, but very little has been digitized and almost nothing is free on-line.
For some dull reason, the publicly available CPI data in the Netherlands only go back to 1963.
Until WW1 gold coins were quite common, as most industrial nations' currencies were on a gold standard. Until 1873 there was a bi-metal standard of 15:1 gold vs. silver. The abundance of silver ended that ratio and silver dropped in price in gold terms.
WW1 ended almost all gold standards. Some countries managed to return to this standard, sometimes at pre-WW1 rates or else at different rates. In the Netherlands I believe the 10 Gulden at some point was set to 12.50 Gulden in silver, even though the denominatiom remained the same. I am not sure when that exactly happened.
The Great Depression caused many countries to leave the gold standard and implement competitive devaluations (it's happening today as well). This marked the end of gold in most countries. Switzerland and the Netherlands were one of the last to devalue. Germany also did not devalue in the 1930's, because of the bad memories of the hyperinflation of 1923 (and the Third Reich was pretty isolated financially anyway). These attitudes towards sound money can still be observed today in these countries.
After WW2 gold was fixed to 35 Dollars per ounce, but gold did not circulate anymore between private individuals.
Here's actually an exchange rate table from 1938 published in a Berlin newspaper:
It is not possible to answer this question exactly. Gold coins were being used as a mode of transactions since ancient time. However, different countries have different coin history and thus it is not exactly possible to say when were the gold coins circulated last. However, records show that the last gold coins for commercial purpose were in circulation till the late 1930s during the time of The Great Depression.
Gold coins are still minted today, but only as a means of investment. The gold coin price is much higher today and depends solely on its purity. For instance, a pure 24-carat gold coin is priced much higher than a 22-carat gold coin that contains alloys of copper and silver.
Most of the coins that were circulated for transactional purposes in the ancient times were alloys. However, from a collector’s point of view, the value of such ancient gold coins is much higher than pure gold coins in the market.
Beating a dead horse here but this is the full list of countries that issued Gold coinage after World War I (Discounting trade coins) (Date is that of last issue):
1919 - India (Central), Canada
1920 - Syria (?)
1922 - Brazil
1923 - Soviet Union, Hejaz (Now Saudi Arabia)
1925 - China (Yunnan), El Salvador, Honduras, San Marino, Sweden, United Kingdom
Please search the forum. This has been discussed at length. It was the government of Gibraltar's law. It was their issue. It should be enough. It circulated as much as many of those gold coins on your list did after ww2. Which is to say probably not much. But backed by law like any other coin on your list. I found the thread and details are below.
Library Media Specialist, columnist, collector, and gardener...
This is the title of the thread. It contains links to the law. And it details facts as well as discussion from admins and referees on the issue. Please include it to make your list more complete.
Library Media Specialist, columnist, collector, and gardener...
This is the title of the thread. It contains links to the law. And it details facts as well as discussion from admins and referees on the issue. Please include it to make your list more complete.
See, the same is there for Canada, and Canada did in fact issue gold at face in the 1990s. However, these never circulated, and I doubt the ECU, which is a parallel currency, ever circulated either. I have put it under a caveat. The coins are also pure gold, so even though denomination matches (I did the calculations), it is unlikely they ever circulated like the Latvian issues.
Please search the forum. This has been discussed at length. It was the government of Gibraltar's law. It was their issue. It should be enough. It circulated as much as many of those gold coins on your list did after ww2. Which is to say probably not much. But backed by law like any other coin on your list. I found the thread and details are below.
Addressed Gibraltar's sitatuion above. Yes, the Saudi and Yemeni currency both had circulating Gold, and it was a major part of both's currency in circulation in the late 1950s, and gold probably circulated in rural Mexico, probably Peru as well. Gold Ashrafis were readily available in Hyderabad, and from what I understand, in Jaipur.
In common use - 1932 US Gold coins, British commonwealth empire - 1931 for Australian minted sovereigns, 1932 for South African sovereigns. Seemed the world power clique banned gold and the gold standard in 1933, to alleviate the depression and allow governments to establish faith in government banknote issues.
I don't count Pahlavis as they were informal denominations, same with sovereign usage in Arabic places - they had value, yet were not formalised in economic currencies of these places - merely tokens with a changing value in societies.
But writing was on the wall, early as World War One (1914) when the British empire started issuing 10/- and £1 banknotes as official currency in place of gold half and full sovereigns. There had been banknotes of only £5 and above since the early 1800s, although Trading banks issued banknotes at the £1 and up level before and government scrip occasionally went to very low values. The Royal Mint gold coin production remained high up to 1915, but then dropped off and apart from a 1925 issue, remained low until gold coins for circulation stopped in 1926. Colonial branch mints carried on until 1932 (1937 gold coins were a one off for collectors sets of George VI and 1953 for QE2 and these coins were issued in very low quantities and worth well in advance of their gold value now). Sovereign production resumed in 1957 for the Arabian market and for collectors in 1980. In the USA gold was not issued between 1933 and 1982 when commemorative gold coins began to be issued. Canada started issuing gold maple leaf bullion coins in 1979 (They issued a one off $20 piece in 1967).
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Then again, in 1967 Canada released a gold coin for their centennial series
This may count, as although only issued in sets - there were over 400,000 of them and until March 1968, the gold in the coin was worth just $C 19.50 and thus could have circulated. So it counts as a circulating coin. In March 1968 the gold price was hiked upwards and thus the metal in the coin was worth more than its face value. Now if it was a face value gold coin, it would be C$1600!
It was also issued in the last year of Canada using silver (80% fine) for its circulating coins 10 cents to $1. The next year 1968, saw a change to base metal for all denominations, except some 10c and 25c coins which were issued in 50% fine silver in the early part of 1968. No more precious metal appeared in Canadian coins for circulation ever, although 50% silver collectiors dollars sold well above face value started appearing in 1971.
The coin contained 0.5287 an ounce of gold and the gold price was $33 an ounce American then. It was 90% gold like the older American series (Canada had only issued their own gold coins between 1912 and 1914 and these were not sucessful).
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
1933 - United States of America, Netherlands (discounting ducats), Italy (Later coins were presentation pieces or small issues).
1934 - Yugoslavia
1936 - Czechoslovakia
1937 - Tunisia
1936 - France
1938 - Afghanistan, Albania, Austria (Discounting trade coins)
1939 - Tibet
1941 - Holy See (Vatican City), Iran (disputed)
1944 - Switzerland
1946 - Lichtenstein
1949 - India (Princely States Issues - Hyderabad and Jaipur )
1950 - Nepal, Syria
1957 - Saudi Arabia
1959 - Mexico
1962 - Yemen (North, disputable)
1969 - Peru
1970 - Myanmar (Communist Aligned Rebels, disputable if proper coin or token)
De-Jure Issues (Circulating by law, but likely never left case):
1996 - Gibraltar 1998 - Latvia
2022 - Zimbabwe
Subject to change if good information is found.
In 1962 Tonga Issued the Gold (Koula) coinage - this was a Koula worth 4 gold sovereigns, and its half (2 sovs) and quarter (1 sov). Needless to say the coins never caught on and just a few thousand ended up in collections. But at the time, the coins had their face value in gold and would have circulated, except average wages in Tonga then were 4 shillings a week, meaning it would take 5 months for a Tongan to earn one of them, and even 6 weeks to get a Quarter Koula!
In 1968 Tonga issued the Platinum (Hau) collection of a single, half and quarter hau - again just a few thousand.
Much more affordable was a set of foil stamps showing the coins. These were cheaper at 1 penny to 2/9.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
In common use - 1932 US Gold coins, British commonwealth empire - 1931 for Australian minted sovereigns, 1932 for South African sovereigns. Seemed the world power clique banned gold and the gold standard in 1933, to alleviate the depression and allow governments to establish faith in government banknote issues.
I don't count Pahlavis as they were informal denominations, same with sovereign usage in Arabic places - they had value, yet were not formalised in economic currencies of these places - merely tokens with a changing value in societies.
But writing was on the wall, early as World War One (1914) when the British empire started issuing 10/- and £1 banknotes as official currency in place of gold half and full sovereigns. There had been banknotes of only £5 and above since the early 1800s, although Trading banks issued banknotes at the £1 and up level before and government scrip occasionally went to very low values. The Royal Mint gold coin production remained high up to 1915, but then dropped off and apart from a 1925 issue, remained low until gold coins for circulation stopped in 1926. Colonial branch mints carried on until 1932 (1937 gold coins were a one off for collectors sets of George VI and 1953 for QE2 and these coins were issued in very low quantities and worth well in advance of their gold value now). Sovereign production resumed in 1957 for the Arabian market and for collectors in 1980. In the USA gold was not issued between 1933 and 1982 when commemorative gold coins began to be issued. Canada started issuing gold maple leaf bullion coins in 1979 (They issued a one off $20 piece in 1967).
I agree about the Pahlavi's, they were effectively bullion that could be spent for their actual value. This probably didn't go on after the war which is why I put 1944 as the date, as it was the last of that series which may have circulated. Im sure some people used them later on, but it wasn't the coin as a whole. For the Arabic coins, Sovereigns were used regularly until 1959, and issued till 1957, so they were circulating issues and are thus on here. Some of the Arab countries were some of the last to abandon gold coinage from what I can find. I did not put the early Elizabeth issues because they were more of a trade coinage and I have largely excluded those from this list.
Beating a dead horse here but this is the full list of countries that issued Gold coinage after World War I (Discounting trade coins) (Date is that of last issue):
1919 - India (Central), Canada
1922 - Brazil
1923 - Soviet Union, Hejaz (Now Saudi Arabia)
1925 - China (Yunnan), El Salvador, Honduras, San Marino, Sweden, United Kingdom
1933 - United States of America, Netherlands (discounting ducats), Italy (Later coins were presentation pieces or small issues).
1934 - Yugoslavia
1936 - Czechoslovakia
1937 - Tunisia
1936 - France
1938 - Afghanistan, Albania, Austria
1939 - Tibet
1941 - Holy See (Vatican City), Iran (disputed)
1944 - Switzerland
1946 - Lichtenstein
1949 - India (Princely States Issues - Hyderabad and Jaipur )
1950 - Nepal, Syria
1957 - Saudi Arabia
1959 - Mexico
1962 - Yemen (North, disputable)
1969 - Peru
1970 - Myanmar (Communist Aligned Rebels, disputable if proper coin or token)
De-Jure Issues (Circulating by law, but likely never left case):
1996 - Gibraltar 1998 - Latvia
2022 - Zimbabwe
Subject to change if good information is found.
Hello,
Which gold coin do you have in mind in case of Czechoslovakia? As far as I know, the interwar Czechoslovakian state only issued trade coins (St. Wenceslas ducats) for example this one: 1 Ducat (Without serial numbers) - Czechoslovakia – Numista. According to my information, the only gold coins circulating in Czechoslovakia were gold denominations of the former Austro-hungarian crown, which ceased to be legal tender in 1924.
Source: HAUSDORF, Luděk. Cizí mince platné na území Československa v letech 1918–1945 [Foreign coins valid on the Czechoslovakian territory in the years 1918–1945], Praha 1986.
Beating a dead horse here but this is the full list of countries that issued Gold coinage after World War I (Discounting trade coins) (Date is that of last issue):
1919 - India (Central), Canada
1922 - Brazil
1923 - Soviet Union, Hejaz (Now Saudi Arabia)
1925 - China (Yunnan), El Salvador, Honduras, San Marino, Sweden, United Kingdom
1933 - United States of America, Netherlands (discounting ducats), Italy (Later coins were presentation pieces or small issues).
1934 - Yugoslavia
1936 - Czechoslovakia
1937 - Tunisia
1936 - France
1938 - Afghanistan, Albania, Austria
1939 - Tibet
1941 - Holy See (Vatican City), Iran (disputed)
1944 - Switzerland
1946 - Lichtenstein
1949 - India (Princely States Issues - Hyderabad and Jaipur )
1950 - Nepal, Syria
1957 - Saudi Arabia
1959 - Mexico
1962 - Yemen (North, disputable)
1969 - Peru
1970 - Myanmar (Communist Aligned Rebels, disputable if proper coin or token)
De-Jure Issues (Circulating by law, but likely never left case):
1996 - Gibraltar 1998 - Latvia
2022 - Zimbabwe
Subject to change if good information is found.
Hello,
Which gold coin do you have in mind in case of Czechoslovakia? As far as I know, the interwar Czechoslovakian state only issued trade coins (St. Wenceslas ducats) for example this one: 1 Ducat (Without serial numbers) - Czechoslovakia – Numista. According to my information, the only gold coins circulating in Czechoslovakia were gold denominations of the former Austro-hungarian crown, which ceased to be legal tender in 1924.
Source: HAUSDORF, Luděk. Cizí mince platné na území Československa v letech 1918–1945 [Foreign coins valid on the Czechoslovakian territory in the years 1918–1945], Praha 1986.
I was told by a Czech collector that the ones without serial numbers did in fact circulate, so I put the number up. Thanks for the correction.
You are free to prove that Latvian referee is wrong. By same “bank told so” logic American gold eagle is standard circulation coin too and some UK 20p coins are worth 20p.
You are free to prove that Latvian referee is wrong. By same “bank told so” logic American gold eagle is standard circulation coin too and some UK 20p coins are worth 20p.
While I agree it never circulated, the American Gold Eagle does not have the proper face value and bullion value alignment, though it is legal tender. It was probably a bullion vehicle more than anything.
You are free to prove that Latvian referee is wrong. By same “bank told so” logic American gold eagle is standard circulation coin too and some UK 20p coins are worth 20p.
While I agree it never circulated, the American Gold Eagle does not have the proper face value and bullion value alignment, though it is legal tender. It was probably a bullion vehicle more than anything.
You are free to prove that Latvian referee is wrong. By same “bank told so” logic American gold eagle is standard circulation coin too and some UK 20p coins are worth 20p.
While I agree it never circulated, the American Gold Eagle does not have the proper face value and bullion value alignment, though it is legal tender. It was probably a bullion vehicle more than anything.
You are free to prove that Latvian referee is wrong. By same “bank told so” logic American gold eagle is standard circulation coin too and some UK 20p coins are worth 20p.
While I agree it never circulated, the American Gold Eagle does not have the proper face value and bullion value alignment, though it is legal tender. It was probably a bullion vehicle more than anything.
It has the bullion value of 238 usd. And the Latvian golden 100 latu had the bullion value less than 100 latu, so it really had a chance to circulate (though it actually did not, as I suppose).
You are free to prove that Latvian referee is wrong. By same “bank told so” logic American gold eagle is standard circulation coin too and some UK 20p coins are worth 20p.
While I agree it never circulated, the American Gold Eagle does not have the proper face value and bullion value alignment, though it is legal tender. It was probably a bullion vehicle more than anything.
Yes, I agree, of course, that it never circulated. Your statement, By same “bank told so” logic American gold eagle is standard circulation coin too" confused me. What “bank” made the statement that it did circulate? That is a nonsensical statement.
You are free to prove that Latvian referee is wrong. By same “bank told so” logic American gold eagle is standard circulation coin too and some UK 20p coins are worth 20p.
While I agree it never circulated, the American Gold Eagle does not have the proper face value and bullion value alignment, though it is legal tender. It was probably a bullion vehicle more than anything.
Yes, I agree, of course, that it never circulated. Your statement, By same “bank told so” logic American gold eagle is standard circulation coin too" confused me. What “bank” made the statement that it did circulate? That is a nonsensical statement.
Central Latvian bank told in their press release linked in that 100 latas page that
* it is standard circulation coin and not a commemorative coin.
* it contains amount of gold equal to 100 latas.
* People can get it in banks.
Then they released less than 20k coins. Apparently they did not finish Economics 101 and went to How to scam noobs university.
I used gold eagle and double florin as examples cause they have nominal value, released in much higher numbers than 100 Lats and I assume they are accepted as legal tenders. Only a total idiot or Latvia's CB from last century would use gold eagle for its face value in payments.
You are free to prove that Latvian referee is wrong. By same “bank told so” logic American gold eagle is standard circulation coin too and some UK 20p coins are worth 20p.
While I agree it never circulated, the American Gold Eagle does not have the proper face value and bullion value alignment, though it is legal tender. It was probably a bullion vehicle more than anything.
Yes, I agree, of course, that it never circulated. Your statement, By same “bank told so” logic American gold eagle is standard circulation coin too" confused me. What “bank” made the statement that it did circulate? That is a nonsensical statement.
Central Latvian bank told in their press release linked in that 100 latas page that
* it is standard circulation coin and not a commemorative coin.
* it contains amount of gold equal to 100 latas.
* People can get it in banks.
Then they released less than 20k coins. Apparently they did not finish Economics 101 and went to How to scam noobs university.
I used gold eagle and double florin as examples cause they have nominal value, released in much higher numbers than 100 Lats and I assume they are accepted as legal tenders. Only a total idiot or Latvia's CB from last century would use gold eagle for its face value in payments.
I see. Rest assured that if anyone (a total idiot) spent a Gold Eagle at its face value it would go no farther than the person receiving it.
