Low Premium Utah Fractional Coins to Buy or Sell
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Low Premium Utah Fractional Gold Coins are available exclusively through Drockton Bullion and Coin.
- And, we charge the lowest premium over spot.
- Also, Guarantee the Highest Quality Gold Coins.
- Besides giving you Fast and Free Insured Shipping directly to your home.
.235 Troy oz. Pure Gold Sovereigns
.235 oz pure gold Sovereigns were first minted in Great Britain in the year 1849. Besides which, they are one of the most popular gold fractional coins in the world, In fact, pilots that flew in wartime carried gold sovereigns in their emergency kits. And this allowed them to buy their way back over enemy lines.
Compare the cost of 4 gold sovereigns with a 1 oz gold government bullion coin and prepare to be amazed.
Also, with 4 of these fractional gold coins, you are buying .94 ounces of pure gold for much less than other fractional bullion options.
.1967 Troy oz. Pure Gold Swiss 20 Francs
.1967 troy ounce pure gold Swiss 20 Franc gold coins were first minted in 1897. Also, like the British, the Swiss recognized the demand for low premium fractional gold coins. And, like the British, the Swiss had the reputation for purity and accuracy. Besides, they have an additional 10% copper added to the gold to make it suitable for circulation.
.1967 Troy oz Pure Gold French 20 Francs
.1967 Troy French gold Francs were first minted in 1802 by Napoleon Bonaparte to replace the use of British Gold Sovereigns on the European Continent. Also, they have the same properties as the Swiss 20 gold Francs, which cam along almost a century later. They have a slightly lower premium as well.
Low Premium Fractional Gold Coins In Utah: Pricing
Other Utah Gold Fractional Options.
Gold Fractional Coins History
Gold fractional coin history dates back centuries. Clearly to a time when gold was widely used as a medium of exchange.
The first gold fractional coins were minted in the ancient Kingdom of Lydia. Also located in what is now modern-day Turkey. Somewhere around 600 BC. And these coins were known as electrum coins, because they were made of a mixture of gold and silver.
Roman Gold Fractional Coins
Over time, as the use of gold as a medium of exchange became more common, gold coins began to be minted in various denominations. And, this included fractional denominations. For example, during the Roman Empire, gold coins were minted in denominations ranging from one-twenty-fifth of an ounce to one-fiftieth of an ounce.
US Fractional Gold Coins
In the United States, gold fractional coins were first minted in 1792. And this followed the passage of the Coinage Act by the U.S. Congress. Also, this Act established the U.S. Mint. As well as authorizing the minting of gold coins in denominations ranging from $2.50 to $10. Ultimately, these coins were known as quarter eagles, half eagles, and eagles, respectively.
In 1839, the U.S. Mint began minting a new gold fractional coin. And it was known as the $5 gold half eagle. As a result, it became popular as a means of paying for small transactions. And, the $5 gold half eagle was followed by the $2.50 gold quarter eagle in 1840.
Gold Standard ends Minting of US fractional gold Coins
During the 19th and early 20th centuries, gold fractional coins continued to be minted and used widely in commerce. However, with the abolition of the gold standard in the 1930s, the use of gold coins as a medium of exchange declined significantly.
Today, gold fractional coins are still minted and collected by numismatists and investors. And, some countries still use gold coins as legal tender. However, their use as a means of payment in everyday commerce is largely a thing of the past.
Gold Confiscation Act
Gold Confiscation Act, officially known as Executive Order 6102. And, it was signed by US President Franklin D. Roosevelt on April 5, 1933.
The act required all citizens of the United States to surrender their gold coins, bullion, and certificates to the Federal Reserve. And, they received paper currency in return.
The act made it illegal for citizens to own more than $100 worth of gold. And, it included exceptions for collectors’ items and jewelry. Including Historical US Gold Coins. Failure to comply with the act could result in fines and even imprisonment.
The Gold Confiscation Act remained in effect until 1974, when it was officially repealed by President Gerald Ford. During its time in effect, the act was controversial and seen by some as an infringement on personal property rights.
Drockton Bullion and Coin in Utah has the lowest cost and lowest premium on gold fractional coins. And, a wide selection of modern, foreign and US Historical gold coins.