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Showing posts from September, 2008

gold Price

Main articles: Gold as an investment and Gold standard

LBMA USD morning price fixings ($US per troy ounce) since 2001
Gold price per ounce in USD since 1968, in actual US$ and 2006 US$Like other precious metals, gold is measured by troy weight and by grams. When it is alloyed with other metals the term carat or karat is used to indicate the amount of gold present, with 24 karats being pure gold and lower ratings proportionally less. The purity of a gold bar can also be expressed as a decimal figure ranging from 0 to 1, known as the millesimal fineness, such as 0.995 being very pure.

The price of gold is determined on the open market, but a procedure known as the Gold Fixing in London, originating in September 1919, provides a daily benchmark figure to the industry. The afternoon fixing appeared in 1968 to fix a price when US markets are open.

The high price of gold is due to its rarity. Only three parts out of every billion (0.000000003) in the Earth's crust is gold.

Historically gold…

The 2008 UK Queen Elizabeth I £5 Gold Proof Coin

A very unique gold coin has been struck by the British Royal Mint. The 2008 UK Queen Elizabeth I £5 Gold Proof Coin.

In 1558 on the 17 of November, Elizabeth, the 25-year-old daughter of Henry VIII and Anne Boleyn, was proclaimed Queen of England. She became one of the longest serving, best-loved and influential English monarchs, whose date of accession remained a national holiday for 200 years.

To celebrate the 450th anniversary of her becoming Queen, the British Royal Mint has struck a rather unique £5 crown featuring on its reverse a portrait of Elizabeth I, by the silversmith Rod Kelly. So we have the only coin in the world with two Queen Elizabeths, Elizabeth the first on the reverse and Queen Elizabeth the second on the obverse

As per the Royal Mint, “...the Queen is crowned and set within a mandorla created by four decorative arches. A Tudor rose has been placed at each connecting point while the two side arches each contain a beautiful leaf pattern reminiscent of the carvings ma…

2008 Year of the Mouse Gold Proof Coin Issue

The Perth Mint have just issued the Australian Lunar Series II 2008 Year of the Mouse Gold Proof Coin Issue from Series II.

These first proof Issue gold coins celebrate the Chinese Lunar Year of the Mouse.

The proof quality is 99.99 percent and the 2008 dated coins are stuck in one ounce, one quarter ounce and one tenth ounce gold coins of 99.99 percent proof quality.

The Mouse Design is on the reverse of each coin and depicts a mouse crouching on a bed of stones with chilli peppers clustered in the background. As well as the inscription 'Year of the Mouse' and the Chinese character for 'mouse', the design also incorporates The Perth Mint's 'P' mintmark.

A prestigious new feature is the larger diameter of each coin, providing extra space for the enchanting artistry of Series II.

As with all the Perth Mint gold coins, this one is issued as legal tender under the Australian Currency Act of 1965 with each coin featuring the Ian Rank-Broadley effigy of Her Majesty …

Gold Sovereigns Celebrating 200 Years of Fine Tradition

To celebrate 200 years of fine tradition of gold sovereigns, the British Royal Mint has issued an impressive two-coin set comprising two magnificent gold sovereigns dated 1948 and 2008

Each coin depicts Benedetto Pistrucci's classic 'St George slaying the dragon' design featured on the reverse.

Product Information
According to the Mint, the 2008 Gold Proof Sovereign depicts St George and the dragon in frosted relief on the reverse. The design stands proud of the brilliant mirror finish achieved by meticulous hand polishing of the die using fine diamond paste.

The obverse carries the familiar portrait of Her Majesty The Queen by Ian Rank-Broadley FRBS.

The 1948 Gold Sovereign depicts St George and the dragon on the reverse and is guaranteed to be in very fine condition. The obverse bears the young effigy of the Queen by Mary Gillick.

Housed in a luxurious walnut veneer presentation case, the coins are accompanied by an individually numbered Certificate of Authenticity, signed by …